India’s Unmanned Aerial Vehicle (UAV) is emerging as a key market in Asia-Pacific region. India first introduced its long range line of UAVs in early 1990s for surveillance and reconnaissance missions. India’s UAV market is buoyed by several factors such as increasing terrorist activities, border security, rising defense budget, FDI, favorable government policies on import and increased domestic production campaigning for defense aircrafts and military equipment. India is one of the largest importers for defense equipment worldwide. Conversely, in the coming years, India is planning to rely comprehensively on its domestic production on military equipment.
India UAV Market is projected to record $421 Million by 2021. Expected introduction of regulation by DGCA in 2016 would promote its penetration in civil application sector, retail and hospitality application sectors.
Amongst all applications, military application accounts for majority of the revenue share in India’s UAV market. Over the last three years, law enforcement application is witnessing higher deployment of mini-UAVs in Tier-I cities, on account of increasing crime rate. Furthermore, before the ban on the use of UAVs for civil application by Directorate General of Civil Aviation (DGCA), mini-UAVs were used in events and photography.
20/03/15 GISuser
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India UAV Market is projected to record $421 Million by 2021. Expected introduction of regulation by DGCA in 2016 would promote its penetration in civil application sector, retail and hospitality application sectors.
Amongst all applications, military application accounts for majority of the revenue share in India’s UAV market. Over the last three years, law enforcement application is witnessing higher deployment of mini-UAVs in Tier-I cities, on account of increasing crime rate. Furthermore, before the ban on the use of UAVs for civil application by Directorate General of Civil Aviation (DGCA), mini-UAVs were used in events and photography.
20/03/15 GISuser
