The drone market in India is projected to become a $13 Bn market opportunity by 2030 🚀

Let’s take a look at how key players are implementing drone use cases across India 👇

🔶 As per Inc42 analysis, India currently boasts over 200 drone tech startups, with over 13,000 drones registered in the country. Investments in the drone segment totalled over $83 Mn from January 2016 to November 2023.

🔶  Notably, two startups, ideaForge ($47.3 Mn) and Garuda Aerospace Private Limited ($25 Mn), have collectively secured 87% of the total sectoral funding during this period.

🔶  Ongoing advancements in drone technology such as improvements in battery life, sensor capabilities, AI-driven analytics, and payload versatility, have broadened the applications of drones, making them more adaptable and efficient for diverse industries.

🔶  As Marut Drone’s Singh highlights, in FY24, the drone tech landscape in India is poised for exponential growth. He also projects a 34.4% surge in drone startups and the annual sales turnover of the drone manufacturing industry to soar from INR 60 Cr in FY21 to over INR 900 Cr.

India is now steered toward becoming a global drone hub by 2030 – and these strides are expected to generate more employment opportunities and bolster an industry that was once hindered by bureaucratic barriers.

“With billions of dollars invested in R&D, global drone brands have successfully risen to the top. We too are racing towards higher benchmarks and rather ambitiously with the mission of becoming a Global Drone Hub by 2030,” said Vipul Singh, CEO and cofounder of AEREO.

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