India Commercial Drone Market (2020-2026) | Size, Analysis, Forecast, Trends, Revenue, Growth, industry, Outlook & COVID-19 IMPACT

Latest 2023 Development of the India Commercial Drone Market

In February 2022, the Directorate General of Civil Aviation (DGCA) released a new set of guidelines for operating drones in India. The guidelines aim to simplify the process of obtaining permission to operate drones, making it easier for businesses to use drones for commercial purposes and enhancing the India commercial drone market share. Additionally, the Indian government has launched several initiatives to promote the use of drones in various sectors such as agriculture, mining, and infrastructure. For example, the Ministry of Civil Aviation launched the Drone Corridor Project, which aims to establish dedicated airspace for drone operations in the country. Moreover, the Indian government announced that it would allow the use of drones for delivering COVID-19 vaccines. This move highlighted the potential of drones to play a significant role in healthcare and logistics in India.

Commercial drones are increasingly used in industries such as agriculture, mining, construction, and logistics for tasks such as surveying, inspection, monitoring, and delivery. Additionally, the Directorate General of Civil Aviation (DGCA) issued guidelines for the operation of drones, including registration and obtaining a remote pilot license. These regulations were expected to encourage the adoption of drones for commercial purposes. Further, with the development of advanced sensors, cameras, and software, drones were becoming more capable of performing complex tasks and generating high-quality data. These factors are further fueling the demand for India commercial drone market. In addition, several startups had emerged in India, providing drone-based services such as aerial photography, surveying, and inspection to various industries. Moreover, the government of India had partnered with drone manufacturers and service providers to leverage the technology for various projects, such as mapping and disaster management to promote the India commercial drone industry.

India Commercial Drone Systems Market Synopsis

India Commercial Drone Market witnessed substantial growth in the past few years on account of increasing awareness, technological advancement, and growing adoption across several verticals such as mining, filming & photography, and agriculture in the country. The outbreak of COVID-19 has highlighted the importance of drones in India and would act in favour of the drone industry in the coming years. Additionally, government initiatives such as the “Make in India”, which promotes the domestic manufacturing of drones, would further fuel the growth of the commercial drone market in India during the forecast period. However, due to the spread of the pandemic COVID-19, the market is estimated to witness a decline in revenues in the year 2020, as a result of the halt in the ongoing projects and no new projects being announced in the first half of the year.

According to 6Wresearch, India Commercial Drone Systems Market size is projected to grow at a CAGR of 12.4% during 2020-2026. India commercial drone market is estimated to gain momentum in the upcoming six years on the back of rising warehouses establishments in the country which require drones for inventory inspection. Technical up-gradation in the country helps retailers to achieve efficiency and effectiveness in the business a commercial drone is evolving in warehouses by Walmart and is expected to elevate the demand for commercial drones in the country. Additionally, India consists of two Walmart centres established in Lucknow and Hyderabad that use drones for inventory inspection and checking inventory in a limited timespan leading to saving time and labour costs. These are certain factors of the drone that is estimated to boost the enormous growth of commercial drone in the country in the forthcoming years.

Market Analysis by Types

Based on types, rotary blade drones dominated the India commercial drone market share in 2019 owing to their special advantage of vertical landing and take-off. Also, they could hover at one particular point and are best suited for short-range applications. However, significant growth is recorded in fixed-wing drones on account of their simple structure and longer duration at high speed.

Market Analysis by Applications

Commercial drones are widely accepted and implemented across several verticals. However, mapping & surveying holds the majority of revenue share in the overall market revenues in 2019 due to the high accuracy and quality provided by such drones with relatively less manpower and low cost. Also, recently, the government of India has employed drones for 3D digital mapping for road widening on the Allahabad highway. Further, the filming & photography application has also registered a significant share of India commercial drone market in 2019.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2020.
• Base Year: 2019
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• India Commercial Drone Market Overview
• India Commercial Drone Market Outlook
• India Commercial Drone Market Forecast
• Historical Data of India Commercial Drone Market Revenues & Volume for the Period 2016-2019
• India Commercial Drone Market Size & India Commercial Drone Market Forecast of Revenues & Volume until 2026
• Historical Data of India Commercial Drone Market Revenues & Volume, By Types, for the Period 2016-2019
• Market Size & Forecast of India Commercial Drone Market Revenues & Volume, By Types, until 2026
• Historical Data of India Commercial Drone Market Revenues, By Applications, for the Period 2016-2019
• Market Size & Forecast of India Commercial Drone Market Revenues, By Applications, until 2026
• Historical Data of India Commercial Drone Market Revenues, By Regions, for the Period 2016-2019
• Market Size & Forecast of India Commercial Drone Market Revenues, By Regions, until 2026
• Market Drivers and Restraints
• Porter’s Five Force
• India Commercial Drone Market Trends & Evolution
• Industry Life Cycle
• Market Opportunity Assessment
• India Commercial Drone Market Overview on Competitive Benchmarking
• India Commercial Drone Market Share, By Players
• Company Profiles
• Key Strategic Recommendation

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Types

• Fixed Wing Drone
• Rotary Blade Drone
• Hybrid Drone

By Applications

• Surveying & Mapping
• Filming & Photography
• Inspection & Maintenance
• Agriculture
• Surveillance & Monitoring
• Others (Environmental Conservation, Search & Rescue, etc.)

By Regions

• Eastern
• Western
• Northern
• Southern