Business

India's Drone Industry Set to Soar: $23 Billion Manufacturing Potential by 2030 Driven by Defence and Agriculture

India's Drone Industry on the Rise

India's drone industry is poised for unprecedented growth, with a manufacturing potential of $23 billion by 2030. This surge is largely driven by increasing demand in the defence and agriculture sectors, as highlighted in a recent Nexgen Exhibitions report.

Drone industry growth outlook: India’s manufacturing potential may hit $23 billion by 2030; Defence and agri sectors seen as key drivers, says Nexgen report

Defence and Agriculture Lead the Charge

The report underscores the pivotal role of drones in modern warfare, with India's strategic deployment during Operation Sindoor marking a significant milestone. Meanwhile, the agriculture sector is expected to emerge as the largest consumer of drones, with the global agricultural drone market projected to reach $5.89 billion by 2030.

Upcoming Drone International Expo 2025

To foster this growth, Delhi will host the Drone International Expo 2025, showcasing innovations from over 50 domestic and international manufacturers. This event promises to be a cornerstone for the industry's future developments.

Transforming Rural India

With 20% of surveyed companies believing in the transformative power of drone technology for rural India, the focus is on smart agriculture and infrastructure development. Drones are revolutionizing farming practices, from crop monitoring to theft prevention.