India’s drone market set to soar with 44.2% CAGR Driven by Aatmanirbhar Bharat Initiative

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India is witnessing a technological revolution because it is aiming to become Aatmanirbhar, and drones, or Unmanned Aircraft Systems (UAS), are helping with this initiative and are at the forefront and leading a futuristic transformation by impacting various industries like construction, agriculture, mining, and healthcare. A report by Nibrus Technologies Private Limited mentions the Indian drone market is all set to explode and, as per the projections, from 10,083 units in 2024 the market has increased to 61,393 units in 2029, thus having a considerable 44.2% CAGR.

With all these transformed business landscapes, one of the most integral parts is the Surveyaan V1, a drone designed with small and medium-sized surveying and consulting firms in mind. Affordable and DGCA-certified, a multi-purpose drone predestined for applications ranging from land surveys to monitoring construction site activity has truly changed the game in a few industries.

The important takeaways from the report show just how transformational the impact has been with the Surveyaan V1

  • Construction: It accelerates the surveying process, giving detailed 2D and 3D models, which conserve time and cut down costs. It provides better tracking of the timelines and budget.
  • Mining: Utilizing high-resolution mapping and real-time data, Surveyaan V1 improves site surveillance to support stockpile management without significant operational impact, while its robust features, examples include wind resistance and automatic returns, improve safety and efficiency. 
  • Agriculture: Drones provide significant advantages in precision farming by surveying crop health and soil conditions. For instance, with the large area coverage of the Surveyaan V1, the critical information delivered is useful in optimizing yield maximization as well as ensuring compliance.

The Indian government is supporting this technological leap and has dedicated Rs 57 crore for the development of drones under the production-linked incentive (PLI) scheme in the interim budget of 2024, with a growth rate of 72% from that of last year.

This will take India one step closer to being a drone hub, and innovations like the Surveyaan V1 may prove crucial to this vision of Atmanirhbhar Bharat. The continued support of the Indian government along with increasing investments holds promise for a brighter future of the drones, marking a new dawn in India’s innovation and operational excellence.