Posted On: 1970-01-01
Rotary blade segment acquired the largest revenue share in the overall India commercial drone market in 2019 – 6Wresearch
India commercial drone market is expected to witness significant growth in the coming years owing to its increasing adoption across the country in several areas such as agriculture, mining, inspection, surveying, and filming & photography. Further, the outbreak of COVID-19 is also expected to act in favor of the drone industry, which would generate new opportunities in the market for commercial drones during the forecast period.
According to 6Wresearch, India Commercial Drone Market size is projected to grow at a CAGR of 12.4% during 2020-2026. Rising awareness regarding the use of commercial drones would play an important role in the growing demand for commercial drones in the country. Further, the government is also supporting and promoting domestic manufacturing of drones under the initiative “Make in India” and various regulations have also been framed by DGCA (Directorate General of Civil Aviation) regarding the use of drones in India, which would open up new avenues for commercial drones in the country, thus supplementing the overall growth of commercial drone market during the forecast period.
According to Kanchan Negi, Assistant Manager, Research and Consulting, 6Wresearch, “By applications, the surveying & mapping segment holds the maximum revenue share in the overall commercial drone market at present due to the use of drones in several applications such as pipelines, roads, and bridges for surveying & mapping. Additionally, the Indian Bureau of Mines (IBM) has issued advisory guidelines for the use of drones in the mining industry.”
“Also, on account of key factors such as aerial view with the quality image, contactless delivery, and low time consumption, the demand for commercial drones is expected to rise in other applications as well.”, Kanchan further added
According to Mansi Bisht, Research Analyst, Research and Consulting, 6Wresearch, “By types, the rotary blade segment dominated the overall India commercial drone market in 2019 as it offers advantages such as VTOL (vertical take-off and landing) and is comparatively cheaper than fixed wings and hybrid drones. Further, fixed-wing drones are anticipated to witness strong growth in the coming years owing to its simpler structure, which allows them to fly for longer durations, covers large areas in less time and requires less maintenance.”
Some of the major companies in India commercial drone market include Shenzhen DJI Innovation Technology, Ideaforge Technology, Aarav Unmanned Systems, and Asteria Aerospace.
"India Commercial Drone Market (2020-2026)" provides an in-depth analysis with 18 figures and 5 tables covered in 79 pages. The report estimates and forecasts the overall India Commercial Drone market by types, applications, and regions. The report provides an unbiased and detailed analysis of the India Commercial Drone market on-going trends, outlook, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.