India UAV Market size is projected to grow at a CAGR of 20.9% during 2020-2026.

The Rotary blade UAV acquire the largest revenue share in India UAV market by commercial application – 6WResearch

India UAV market is dominated by rotary blade, amongst the commercial UAV types in terms of revenues and volume on account of advantages such as VTOL (vertical take-off and landing), which are useful in mapping and surveying at a short distance. However, in the coming years fixed wing UAVs are also expected to rise owing to their less complex structure and other key benefits.

According to 6Wresearch, India UAV Market size is projected to grow at a CAGR of 20.9% during 2020-2026. The military application is dominated by surveillance since Indian security forces highlighting the need for higher automation in activities such as intelligence, surveillance and reconnaissance (ISR) and Unmanned Aerial Vehicles (UAVs) particularly for a real-time tactical operation.

According to Mansi Bisht, Senior Research Analyst, 6Wresearch, “Fixed wing UAVs shows the highest growth in overall military UAV market due to ongoing standoff with neighboring countries such as in Ladakh. Further, government is planning on acquiring Heron surveillance UAVs from Israel. Also, the three defense services would get their first weaponized UAVs in an off-the-shelf purchase of six MQ-9B Sky Guardians from the United States. The defense ministry has completed price negotiations with Israel Aerospace Industries (IAI) for the upgrade, this would change the fleet of primarily ISR (intelligence, surveillance and reconnaissance) UAVs, acquired over a decade ago, into weapons platforms”.

According to Mohit Bhatia, Research Analyst, 6Wresearch, “Presently, the mapping & surveying application holds the majority of revenue share in overall India commercial UAV market for the year 2019 on account of increasing use of UAVs in the mining sector and mapping of pipelines, roads, and bridges. Additionally, the Indian Bureau of Mines (IBM) has issued recommended guidelines for the use of UAVs in the mining industry. Also, SVAMITA (Survey of Villages and Mapping with Improvised Technology in Village Areas) would augment the growth for future development in the country”

India UAV Market (2020-2026F)” report provides an in-depth analysis with 23 figures and 15 tables, covered in 82 pages. The report estimates and forecasts the India UAV Market by types, product types, ranges, applications, and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the present and future market dynamics.