The report, titled "Indian Drone Market Analysis and Future Forecast 2019-2028" analyzes the global market according to type, payload, user application, sales channel and location. The report is comprehensive and provides thorough analysis of the market's historical and projected size along with an extensive market analysis. Market share analysis and the production capabilities of leading companies, a summary of competition, strategic imperatives, the most important end users, possible growth areas, and a competition analysis of the key players included within this Indian drone market research.

Marketing Overview and Dynamics

The Indian drone market is predicted to expand at a rate of about 18% during the 2022-2028 forecast timeframe. In the last year, the Indian Drone market surpassed US$920 million in 2021. While the majority of use for drones is expected by the defense and military sector however, it is also evident that the Indian drone market has been currently experimenting and looking into the application for drones across other industries too.

• With the advent of Kisan drones There is hope that agriculture will benefit from more drone interventions to increase efficiency through crop analysis and the spraying of insecticides and nutrients.
• Additionally, the entertainment and media sector will make up a large portion in the Indian drone market due to the growing use of cinematography from the air.

In the COVID-19 pandemic, unmanned air vehicles (UAVs) were instrumental in playing a crucial function in many fields, including police, healthcare product delivery, and even e-commerce delivery. However, due to the frequent lockdowns in various nations around the globe that produce and distribute UAVs, related components, supply chains of production were halted or delayed because of a shortage of raw materials and staff required for assembly and manufacturing operations.

Although there are many possibilities to UAV and component makers within the US to export their products to India However, it is observed that the local manufacturing industry is flourishing, and consequently, the local market is growing, both for defense and civil reasons.

Government Involvement and Conducive Policies

The ambitious "Make In India" initiative of the Indian government, which is designed to boost manufacturing locally across many industries which has led to the creation of joint ventures within UAV. UAV sector. There are numerous Indian companies that have stepped into this UAV market.

A number of government Indian government departments have created distinctive UAV policies to encourage investment in this area. The Indian government, through its Ministry of Civil Aviation (MoCA) has been providing different services to regional players. To realize the government's goal to create the global drone hub, the Indian drone market has to concentrate upon Intellectual property (IP) in order to bring the technology that is already in India to the international level.

Segmental Analysis

• Based on the type fixed-wing drones, they have an important market share of 44%. Fixed-wing drones are able to fly at any duration, range, and speed, which is ideal for surveillance, military, and other applications that are emerging.
• Based on the application requirements, the demand is more for surveying and mapping that encompass a wide range of applications for drones that range from large-scale mapping to urban modeling, surveillance for defense and more.
• Based on payloads, Microdrones have an average weight of 250g but less than kgs are the primary market share. The reason for this is the speed of navigation, its advantages of operations with a high range of communication. Furthermore, its light weight can be a plus.

Competition Analysis

Due to the presence of many well-established companies in the Indian drone sector, there is intense competition. In order to preserve a competitive advantage in the market, local businesses are developing new, advanced technologies and innovations as the government has boosted its investment in drones and unmanned aerial vehicles (UAVs). It is imperative that India is an import-driven market for drones and UAVs.

Acquisitions, product launches, and partnerships are the identified industry trend in the Indian drone market. Significant consolidation is expected in the global market during the assessed period 2022-2028.

• In Sept 2021, RattanIndia Enterprises announced the launch of its drone business through its wholly-owned subsidiary NeoSky India Ltd. NeoSky India will develop a drone system platform focusing on industry applications. The company recently also made a strategic investment in US-based urban drone logistics, Matternet, working extensively on the drone logistics platform.
• In Aug 2021, DCM Shriram Industries announced buying a 30% stake in a Turkish drone company (Zyrone Dynamics) with an aim to create products for civilian use, especially for cargo transportation. Zyrone will sell its products to India and the Asian market.

Some of the leading players involved in the production and marketing of the drone market include ideaForge Technology Pvt. Ltd., Asteria Aerospace Pvt. Ltd., Aarav Unmanned Systems Pvt. Ltd., Tata Advanced Systems Pvt. Ltd., Throttle Aerospace Systems Pvt. Ltd., Shenzhen DJI Innovation Technology Co., Elbit Systems Ltd., Adani Defence & Aerospace, UrbanMatrix Technologies, Dhaksha Unmanned Systems, General Aeronautics, Paras Aerospace, TechEagle, and others.

RationalStat has segmented the Indian drone market on the basis of type, payload, end user, application, sales channel, and region

• By Type
  • Fixed Wing
  • Rotary Wing
• Payload
  • <25 Kg
  • 25 Kg-170 Kg
  • > 170Kg
• By End User
  • Individual
  • Commercial
  • Military
• By Application
  • Recreational
  • Aerial Surveying & Photography
  • Construction
  • Film and Television
  • Border Security
  • Combat Operations
  • Agricultural Drones
• By Sales Channel
  • Original Equipment Manufacturers (OEMs)
  • Aftermarket
• By Region
  • North India
  • West and Central India
  • East India
  • South India

For more information about this report: https://store.rationalstat.com/store/india-drone-market/

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