Forecast Period | 2025-2029 |
Market Size (2023) | USD 2.89 Billion |
Largest Market | South India |
CAGR (2024-2029) | 21.66% |
Fastest Growing Segment | Flow Sensors |
India drone sensor market has valued at USD 2.89 Billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 21.66% through 2029
In India, the drone sensor market is being driven by the increasing demand for remote sensing applications and the growing need for advanced drone technologies. In addition, the growing demand for commercial and military drones is further contributing to the growth of the India drone sensor market.
Increasing Demand for Commercial and Military Drone Applications
The India drone sensor market is anticipated to grow significantly in the coming years, owing to the growing demand for commercial and military drone applications. Drone sensors are an integral part of the UAVs (Unmanned Aerial Vehicles) systems and help in the navigation and flight control of drones. The sensors help in providing accurate data and enable the drones to monitor an area securely and efficiently. The increasing demand for commercial and military drone applications is one of the major factors driving the growth of the India drone sensor market. The government of India has taken several initiatives to promote the usage of drones for commercial and military applications. The growing application in aerial surveillance, mapping, commercial drone, and military drone is increasing the need for drone sensors. Furthermore, the increasing expenditure on defence due to the rising geopolitical tensions is expected to drive the growth of the market. The introduction of several drone sensor solutions is further propelling the growth of the market. For instance, in August 2019, Honeywell developed the HGuide sensing solution, which is a low-cost and a low-power drone navigation solution. The solution offers superior accuracy and reliability for autonomous navigation and control of drones. The introduction of such solutions is expected to drive the India drone sensor market in the coming years. In addition, the increasing investments by venture capitalists and the government in the drone industry is expected to create lucrative opportunities for the market. Several venture capitalists are investing in drone startups for the development of advanced solutions. The increasing investments by venture capitalists and the government in the drone industry is further expected to create lucrative opportunities for the market.
Increasing Drone Technology Investments
The increasing investments in drone technology are set to drive the India drone sensor market over the forecast period. Drones are now being increasingly used across various industries such as agriculture, retail, logistics, energy, media and entertainment, and defense, among others. This is primarily due to the technological advancements in drones, which have made them more sophisticated and efficient. As a result, the demand for drone sensors is expected to increase over the forecast period. Drone sensors are critical components of any drone as they enable the drone to sense its environment and navigate accurately. They measure and collect data from the environment and then transmit it back to the drone’s control center. The common sensors used for drones are cameras, radar, ultrasound, light detection and ranging (LIDAR), and infrared sensors. These sensors are used by drones to capture images, detect obstacles, measure distances, and detect movement, among other functions. The increasing investments in drone technology are set to drive the India drone sensor market. The government has been taking various initiatives to promote the use of drones in the country. For instance, the Ministry of Civil Aviation has launched the Digital Sky Platform to regulate the use of drones in the country. It also plans to introduce the Unmanned Aircraft System (UAS) and Unmanned Traffic Management (UTM) framework to ensure safe and secure operations of drones in the country in the coming years. These initiatives are expected to increase the demand for drone sensors in India over the forecast period. Moreover, the growing demand for drones in the agriculture industry is expected to drive the India drone sensor market. Drones are being increasingly used for precision agriculture, crop protection, and crop monitoring. They are equipped with advanced sensors such as cameras, LiDAR, and infrared sensors to collect data from the farm fields. This enables farmers to optimize their crop yields and reduce their costs. All these factors are expected to drive the demand for drone sensors in India over the forecast period. In conclusion, the increasing investments in drone technology are set to drive the India drone sensor market over the forecast period.
Increasing Need for Low-Weight and High-Performance Sensors
The increasing need for low-weight and high-performance sensors is steered by the need for better efficiencies and cost savings in many industries. This need is particularly important in the aerospace, automotive, and medical industries, as they all rely on sensors to perform critical functions. The aerospace industry is particularly dependent on sensors to ensure the safety of passengers. Low weight and high-performance sensors are essential for the efficient operation of airplanes and spacecraft. These sensors can handle extreme temperatures, extreme pressures, and provide accurate readings to ensure the safety of passengers. The automotive industry is also reliant on sensors to ensure the safety of its passengers. Sensors are used to monitor the performance of engines, brakes, and various other systems in the vehicle. Low weight and high-performance sensors can help to improve the fuel efficiency of the vehicle, as well as provide drivers with more accurate readings of their vehicle’s performance. The medical industry also relies heavily on sensors to monitor a variety of physiological functions. Low weight and high-performance sensors are essential for providing accurate readings that can be used to diagnose and treat various medical conditions. With the rise of the Internet of Things (IoT), manufacturers are increasingly looking for sensors that are small, lightweight, and able to accurately detect and measure different types of data, such as temperature, pressure, and light. This is because smaller and lighter sensors can be placed in tight spaces, making them ideal for use in small devices and embedded systems. In addition, these sensors need to have high performance to accurately detect and measure data at high speeds and low power consumption. Moreover, with the development of autonomous vehicles, there is an increased need for accurate sensors that can detect and measure data in real-time to ensure the safety of passengers and pedestrians. Therefore, low-weight and high-performance sensors are essential to provide accurate data for the autonomous vehicle’s decision-making process. Additionally, with the increasing prevalence of robotics, there is a growing demand for low-weight, high-performance sensors that can accurately detect and measure data to enable the robot to perform complex and sophisticated tasks. This is because the sensors need to be lightweight and powerful to provide accurate and precise data to the robot’s control system. In conclusion, the increasing need for low-weight, high-performance sensors are driven by the growing demand for smaller, lighter, and more powerful technology, as well as the need for more accurate sensing capabilities. Moreover, the need is further amplified by the development of autonomous vehicles and robotics, which rely on accurate and precise data for their decision-making processes and operations.
Recent Developments
- In December 2021, Zuppa, which is owned by Chennai-based Sree Sai Aerotech Innovations Pvt. Ltd. (SSAI), utilized a lot of cash to build up its existing products, which were created using proprietary technology. Penetration of current markets, development of fresh applications for its core drone technology, and expansion of the base for its Vehicle Tracking and Telematics Systems (VTS) were all on the agenda.
- In October 2022, the leading drone startup in India at the Defence Expo 2022 in Gandhinagar, Garuda Aerospace announced a deal with Israel-based worldwide defence electronics business Elbit Systems to deliver Skylark 3 unmanned aircraft system (UAS) drones to commercial and government sectors. Garuda Aerospace further stated that Skylark 3 will be primarily used for Survey of India projects such as large-scale village surveys and mapping under the Swamitva Scheme.
Market Segments
The India drone sensor market is segmented into sensor type, platform, end user industry, company, and region. Based on sensor type, the market is segmented into inertial sensors and flow sensors. Based on platform, the market is divided into VTOL, fixed wing and hybrid, distributed control system (DCS) and human machine interface (HMI). Based on application, the market is segmented into navigation, data acquisition, motion detection, and power monitoring. Based on end-user industry, the market is segmented into precision agriculture, defense, personal, law enforcement, and others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among East India, West India, North India, and South India.
Market Players
Some of the major market players of India drone sensor market are Sree Sai Aerotech Innovations, Skylark Drones, MTS Systems Corporation, Sensordrone, Saankhya Labs, Robotronics, Flytbase Labs Private Limited, Garuda Aerospace Private Limited, Asteria Aerospace, IdeaForge Technology, and Paras defense & space technologies Ltd.
Attribute | Details |
Base Year | 2023 |
Historic Data | 2019 – 2022 |
Estimated Year | 2024 |
Forecast Period | 2025 – 2029 |
Quantitative Units | Revenue in USD Million, and CAGR for 2019-2023 and 2024-2029 |
Report Coverage | Revenue forecast, company share, growth factors, and trends |
Segments Covered | Sensor Type Platform Application End-User Industry Region |
Regional Scope | East India, West India, North India, and South India |
Key Companies Profiled | Sree Sai Aerotech Innovations, Skylark Drones, Sensordrone, Saankhya Labs, Robotronics, Flytbase Labs Private Limited, Garuda Aerospace Private Limited, Asteria Aerospace, IdeaForge Technology, and Paras defence & space technologies Ltd. |
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