Market Research Report
India Unmanned Aerial Vehicle Market Forecast 2021-2026
|India Unmanned Aerial Vehicle Market Forecast 2021-2026|
Published: June 20, 2021
Content info: 118 Pages
Delivery time: 2-3 business days
The India unmanned aerial vehicle market is anticipated to register a CAGR of 11.03% during the forecast period, 2021-2026. The market growth is attributed to rising awareness, increasing adoption in verticals like monitoring, investigation, agriculture, cinematography, and the growing number of start-ups engaged in innovating and developing unmanned aerial vehicles.
COVID-19 has projected the importance and need for UAVs. The ministry of civil aviation and DGCA (Directorate General of Civil Aviation) launched the GARUD portal in India. It provides fast-track exemptions to government agencies for UAV use during the pandemic. With regard to type, the rotary segment is projected to acquire the largest share, given its advantages like vertical take-off and landing. They are also the best fit for short-range applications.
Moreover, the DRDO (Defense Research and Development Organization) has developed its own Unmanned Aircraft Systems (UAS) or Unmanned Aerial Vehicle (UAV) program. It entails developing a domestic arsenal to augment and replace the existing fleet of unmanned vehicles. Further, the usage of aerial vehicles, unmanned or manned, in India are governed by DGCA, with foreigners banned from flying drones in the country. Such aspects contribute to the market prospects of the country.
Some of the eminent players in the market include Aarav Unmanned Systems, Cron Systems, Indrones Solutions, Drone Tech Lab, ideaForge, etc.