India Drone Market Set to Reach ,437 Million by 2029 – A Booming Industry

Posted by Sandeep Roy on February 21st, 2025

The India drone market is witnessing unprecedented growth, projected to expand from 4 million in 2024 to ,437 million by 2029 at a CAGR of 17.0%. With drone volume increasing from 10,803 units in 2024 to 61,393 units by 2029, the market is seeing widespread adoption across defense, agriculture, logistics, surveillance, and infrastructure.

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What’s Driving the Growth?

✅ Government Support: Policies like Drone Shakti, the PLI scheme, and the liberalized drone policy are boosting local manufacturing and R&D.
✅ Defense & Security Dominance: The largest market share comes from defense, as drones play a crucial role in border surveillance, reconnaissance, and tactical operations.
✅ Commercial & Industrial Expansion: Growing adoption in agriculture, construction, energy, and e-commerce is reshaping industries with automation and real-time data analytics.
✅ Technological Breakthroughs: AI-powered drones, improved payload capacities, and autonomous flight capabilities are revolutionizing operations.

Market Segmentation Breakdown

🔹 By System: The Platform Systems segment dominates, as demand for airframes, propulsion, and avionics rises.
🔹 By Platform: Civil & commercial drones lead in volume, while defense drones generate the highest revenue.
🔹 By Industry: The defense and security sector holds the largest share, while industries like agriculture, logistics, and energy continue to expand.

Leading Players Shaping the Market

The India drone market is driven by key players, including:

• ideaForge Technology Ltd.
• Garuda Aerospace
• Adani Defense & Aerospace
• Tata Advanced Systems
• Paras Aerospace
• Throttle Aerospace Systems
• Asteria Aerospace Limited
• Newspace Research Technologies Pvt. Ltd.
• Iotechworld Avigation Pvt. Ltd.
• Dhaksha Unmanned Systems

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Future Opportunities & Growth Potential

With increasing investments, technological advancements, and government incentives, India is on track to become a global leader in drone manufacturing and applications. The rising demand for surveillance, precision farming, last-mile delivery, and industrial monitoring presents massive business opportunities.