India Drone Market Set to Soar: Projected Growth to USD 1,437 Million by 2029

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India Drone Market Set to Soar Projected Growth
to USD 1,437 Million by 2029 The India Drone
Market is projected to grow from USD 654 Million
in 2024 to USD 1,437 Million by 2029, at a CAGR
of 17.0 during the forecast period. The Drone
volume in the India Drone Market is projected to
grow from 10,803 Units in 2024 to 61,393 Units
by 2029. The drone market in India is
significant
undergoing a transformation, progressive
propelled by regulations,
increasing investments, and burgeoning
applications across various sectors. Key Market
Players Major service providers in this market
are India-based drone
companies, Aerospace,
manufacturing
such as ideaForge Throttle
Paras
Technology Ltd.,
Aerospace Systems
Pvt. Ltd., Garuda Aerospace, Asteria Aerospace
Limited, General Aeronautics, and Newspace
Research Technologies Pvt. Ltd., Iotechworld,
Adani Defense and Aerospace, Tata Advanced
Systems Limited, CDSpace, Thanos, Dhaksha
Unmanned Systems, Marut Dronetech Private
Limited, Hubblefly Technologies, Raphe. They
have an established portfolio of reputable
services, a robust market presence, and strong
business strategies. Download PDF Brochure _at_
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id136782206 Regulatory Framework and
Innovation As of the latest review, India
positions itself as a rapidly growing hub for
drone technology, thanks to an enabling
regulatory framework instituted by the
Directorate General of Civil Aviation (DGCA) and
the Ministry of Civil Aviation. These regulations
have streamlined approvals and expanded use
cases, driving innovation and adoption. Dominance
of Defense and Security Sector By Industry, the
defense and Security segment was estimated to
account for the largest share of the India drone
market in 2024. The defense and security sector
dominates the Indian drone market due to its
critical role in national security and the
strategic advantages drones offer. With regional
security challenges, the need for heightened
surveillance and reconnaissance, and the delivery
of payload to border areas, India has
prioritized the adoption of drones for defense
purposes. The government's emphasis on
self-reliance in defense technology further
bolsters this
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sector's market share, as drones become integral
to modern military operations and border
management, leading to significant investment in
this technology. Expanding Commercial
Applications Based on application, the India
drone market has been segmented into Military,
Commercial, Government and law enforcement, and
Consumer. Commercial drone applications in India
are driven by the increasing adoption of drones
in sectors such as agriculture, infrastructure,
and delivery services for their cost-efficiency
and operational effectiveness. Regulatory
reforms facilitating commercial drone use and
technological advancements also contribute to
this robust growth. OEM Segment Dominance Based
on the point of sale, the India drone market has
been segmented into OEM and Aftermarket. The OEM
segment's lead in the Indian drone market can be
attributed to strong government initiatives
encouraging domestic production, significant
internal demand across military and commercial
sectors, and advancements in local drone
technologies. Additionally, the
cost-effectiveness of Indian-manufactured
drones, coupled with the potential for exports,
further propels the OEM segment's dominance. Ask
for Sample Report _at_ https//www.marketsandmarkets.
com/requestsampleNew.asp?id136782206 About
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