India Drone Market Set to Soar: Expected to Reach $1,437 Million by 2029

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The India drone market is on a trajectory of rapid expansion, projected to grow from $654 million in 2024 to $1,437 million by 2029, at a CAGR of 17.0%. The number of drones in operation is also expected to rise sharply from 10,803 units in 2024 to 61,393 units by 2029, driven by increasing applications across defense, agriculture, logistics, surveillance, and urban development.

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Key Growth Drivers of the India Drone Market

✅ Government Support & Policy Initiatives – Policies like the Drone Shakti initiative, PLI Scheme, and relaxed regulations are accelerating local manufacturing and adoption.
✅ Expanding Defense & Security Applications – Drones are playing a crucial role in border surveillance, intelligence gathering, reconnaissance, and tactical operations.
✅ Commercial & Industrial Expansion – Industries such as agriculture, logistics, construction, mining, and disaster management are leveraging UAVs for efficiency, automation, and cost reduction.
✅ Technological Innovations – Advances in AI-powered drones, BVLOS (Beyond Visual Line of Sight) operations, high-precision mapping, and automation are boosting demand.

India Drone Market Segmentation Overview

📌 By System: The Platform Systems segment leads, covering airframes, propulsion, avionics, and software solutions.
📌 By Platform: Civil & commercial drones dominate in volume, while defense drones account for the highest revenue.
📌 By Industry: Defense & security hold the largest share, followed by agriculture, logistics, smart city projects, and emergency response.

Key Players Driving Market Growth

India’s drone industry is thriving, with several leading companies contributing to innovation and expansion, including:

  • 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 Outlook: The Rise of India as a Global Drone Hub

With continuous investments in indigenous manufacturing, research, and policy support, India is set to emerge as a global leader in drone technology. The expanding use of drones for precision agriculture, last-mile deliveries, industrial inspections, and law enforcement highlights vast opportunities for businesses and investors.

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