Industry experts say drone-related firms like the ones which participated in the Aero India can reduce India's dependence on foreign UAVs. UAV demand is mainly derived from military-end user application, followed by law enforcement, precision agricultural, inspection and monitoring.
"We saw some tremendous applications. So you need to have hundreds of startups and industries which can come up for building these applications," said G Satheesh Reddy, Secretary, Department of Defence R&D and Chairman, Defence Research and Development Organisation.
US defence giant Lockheed Martin is already wooing Indian talent in the area of drones. Three winners of the Aero India drone competition would receive development kit given to the teams in AlphaPilot - Lockheed Martin AI drone racing innovation challenge.
"It consists of drone hardware, sensors, processing platform and supporting software," said Vivek Lall, vice president of strategy and business development, Lockheed Martin.
AlphaPilot is an open innovation challenge, developing artificial intelligence for high-speed racing drones, conducted by Lockheed Martin along with the Drone Racing League (DRL). "We invite the three teams to attend one of our events in the United States where our experts would help with set-up and activation," added Lall.
According to 6Wresearch, India UAV market is projected to grow at a CAGR of 18 per cent during 2017-23. By 2021, the Indian UAV market is expected to reach $885.7 million, while the global market size will touch $21.47 billion, according to a study by BIS Research.
Media Courtesy : Business Standard