Sunday, June 23, 2024

India Must Develop Its Drone Ecosystem To Become A Global Hub

By Staff Correspondent

The Indian government’s aviation ministry predicts that the drone manufacturing business will grow from 60 crore in 2020–21 to 900 crore in 2025. An astounding compound annual growth rate (CAGR) of 22.15% is projected for the Indian drone market from 2024 to 2030. India might become the Global Drone Hub by 2030 because of its incredible innovation and growing list of drone applications. Drone International Expo research shows that strengthening the home drone ecosystem is essential to achieving India’s lofty goal of becoming a global drone hub. Government procurement, the Make in India initiative, and the PLI Scheme’s expansion are other important contributors.

Border surveillance, rescue disaster management, COVID management, and other similar fields have already demonstrated the usefulness of drones. According to the results of the poll, the drone services business is going to dominate other connected sectors in the near future due to its massive size and scope.

The number of manufacturers of drones and unmanned systems is around 250. Companies involved in the development of software for unmanned systems, components, wires, motors, sensors, anti-drone radar, GPS, and geospatial solutions, as well as companies that provide drones as services, took part in the Drone International Expo Survey. This poll included institutions that create drones, defence research labs that manufacture drones, and aerospace companies that produce flight control and simulators. There were a total of ten states that participated in the poll: Andhra Pradesh, Uttar Pradesh, Madhya Pradesh, Delhi, Haryana, Rajasthan, Punjab, Maharashtra, Tamil Nadu, and Karnataka. International businesses in the US, Australia, Europe, and the Middle East were also contacted for the poll.

Air taxis, LiDAR geospatial, counter drones, unmanned aerial systems (both land and water), artificial intelligence, and drones will all be showcased at the Drone International Expo 2024. Unmanned Aerial Vehicles (UAVs), drones, and anti-drone systems will be the main topics of discussion this year. Connecting customers, industry leaders, and stakeholders from all over the world, it is one of the largest platforms in Asia for the drone business.

Drones are incredibly adaptable and have proven their worth in a wide range of uses, according to Aadhar Bansal, Director of Nexgen Exhibitions. However, the sector is still in its early stages and holds immense untapped potential. The government’s forward-thinking PLI Scheme and the Make in India initiative are unquestionably providing a significant boost to the sector. Foreign investors are pouring money into India’s booming drone sector because of the country’s innovative drone products and services, which are capturing the attention of international markets.

The market is being boosted by the Indian government’s new liberal laws and initiatives, such as Drone Shakti, an incentive program that is tied to output, and more air space, among others.

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