The India drone market is set to expand significantly, growing from $654 million in 2024 to $1,437 million by 2029 at a CAGR of 17.0%. The demand for drones is surging across defense, agriculture, e-commerce, surveillance, and infrastructure, driven by technological advancements, favorable government policies, and increasing commercial applications. The drone volume in India is also expected to increase from 10,803 units in 2024 to 61,393 units by 2029, highlighting the sector’s rapid adoption.
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Key Market Insights
- Government Initiatives: Policies like Drone Shakti and “Make in India” are accelerating market growth by supporting local manufacturing and innovation.
- Defense and Security: This sector holds the largest market share, with drones being used for surveillance, reconnaissance, and border security.
- Commercial Applications: The civil and commercial drone segment is expanding rapidly in industries like agriculture, logistics, construction, and energy.
- Technology Advancements: AI-powered drones, improved payload capacities, and automation are driving innovation in the market.
Market Breakdown by Segment
- By System: The Platform Systems segment is expected to lead the market as drones become more advanced and widely used in various industries.
- By Platform: Civil and commercial drones will dominate in volume, while the defense sector will account for the highest revenue.
- By Industry: The defense and security sector remains the largest, while industries like agriculture, construction, and e-commerce logistics continue to grow.
Leading Companies Driving Market Growth
Some of the major players in the India drone market include:
- ideaForge Technology Ltd.
- Garuda Aerospace
- Adani Defense & Aerospace
- Tata Advanced Systems
- Paras Aerospace
- Throttle Aerospace Systems
- Asteria Aerospace Limited
- Newspace Research Technologies Pvt. Ltd.
- Iotechworld Avigation Pvt. Ltd.
- Dhaksha Unmanned Systems
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Future Growth Opportunities
The expansion of drone applications, government support, and technological innovations will continue to drive growth in the India drone market. With increasing investments and a push for self-reliance in defense technology, India is on track to become a global leader in drone manufacturing and adoption.
