The India Unmanned Aerial Vehicle (UAV) market is predicted to grow with more than 15% CAGR from 2024 to 2029, due to tech investment.
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The Indian UAV market's dynamism stems from its varied nature. While the defense and homeland security sectors continue to be key stakeholders, driven by strategic investments and border monitoring requirements, the commercial market is experiencing exponential growth. Drones are increasingly being used in agriculture, forestry, mining, power, railways, construction, highways, and even e-commerce. The government's proactive strategy accelerates this growth. The Digital India effort, combined with the removal of legislative barriers, is paving the way for widespread drone use. Initiatives such as Drone Regulations 1.0 and 2.0 have simplified licensing requirements and set aside particular airspace for drone operations. This encourages innovation and draws domestic and foreign players, resulting in a thriving ecosystem. UAVs play an important part in disaster management and search and rescue operations in India. Drones are used in natural disasters such as floods, earthquakes, and cyclones to assess the level of damage, find trapped people, and give essential information to aid response efforts. UAVs are widely utilized for surveying and mapping in India. Drones improve the efficiency of surveying large regions for urban planning, land development, and infrastructure projects. High-resolution images and 3D mapping capabilities help to generate accurate and detailed survey data. The Indian government recognizes the potential of UAV technology and has taken steps to control its use. The Directorate General of Civil Aviation (DGCA) has implemented regulations to oversee the use of UAVs, ensuring safety and responsible use. Government initiatives aim to foster the growth of the UAV industry while addressing concerns related to security and privacy.
According to the research report "India Unmanned Aerial Vehicle (UAV) Market Overview, 2029," published by Bonafide Research, the India Unmanned Aerial Vehicle (UAV) market is predicted to grow with more than 15% CAGR from 2024 to 2029. In June 2021, India's Ministry of Civil Aviation (MoCA) issued a new set of drone laws and regulations for anyone operating an unmanned aerial vehicle in India. According to the new regulations, operating a UAV will necessitate applying for and acquiring a unique identification number, unless an exemption is granted. To get this identification number, UAV operators must submit information to the Digital Sky platform, which is a MoCA-led initiative to govern UAV operations and traffic in India. Some Indian state governments have also developed special UAV policies to encourage investment in this area. In India, law enforcement authorities use UAVs to protect the public and conduct surveillance. Drones with cameras help to monitor public events, manage crowds, and improve situational awareness during police enforcement operations. India's aerospace sector works with UAV makers and technology developers to improve capabilities and test novel applications. Such collaborations help to expand and advance the UAV ecosystem. India has testing grounds and facilities where UAV manufacturers and developers can perform trials and tests. These testing grounds are critical in determining the performance, safety, and dependability of UAV systems.
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