The Indian drone market is projected to generate a revenue of $27 million in 2024, growing at an annualised rate of 5.96% from 2024 to 2028, according to global data and business intelligence platform Statista.
“One key area to promote the indigenisation of the industry is to support it by creating a conducive growth environment for the domestic component and technology manufacturing in India,” said M Sundararaj, executive director of drone manufacturing company Infinity Arsenal Pvt. “We need more investments in R&D of flight controllers, motors, batteries, and various other components.”
Incentivisation of technology is the key and the government should create more incubation and technology centres in the drone segment, said G Ravi Chand, vice president of Dhaksha Drones.
Piloting of drones isn’t a skill readily available in the Indian market and we need more experts in this field, he said.
“It needs a lot of high skill, where people are flying complex drones. So I think the government should look into how to make that field far more lucrative for pilots and aspiring pilots who want to get into this industry,” said a spokesperson of ideaForge.
