India Drone Market is forecasted to grow by US$ 2,760 - GlobeNewswire

The Indian drone market is expected to grow at a CAGR of around 18% from 2022-2028, reaching over US$ 1,020 million in 2022. The market is dominated by Indian startup ideaForge with a market share of more than 47% in 2022. The government is set to be the major consumer of drones, and the "Make in India" initiative has attracted investments and formed joint ventures in the UAV sector. The market is also experiencing intense competition and a trend of acquisitions, product launches, and partnerships.

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