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6wresearch - India Commercial Drone Market (2020-2026) - Sample
6wresearch - India Commercial Drone Market (2020-2026) - Sample
6wresearch - India Commercial Drone Market (2020-2026) - Sample
Commercial
Drone
Market
(2020-26)
6Wresearch – An Overview
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6Wrese arch Overview
6Wresearch periodically publishes syndicated research reports primarily on niche sectors based on unique research models. The report aims
for one stop solution for various stakeholders involved in the market such as OEM, Distributors, Investors and Government Agencies
The reports are particularly helpful for designing entry and market penetration strategies. 6Wresearch aims to incorporate all such market
dynamics which is crucial for essential decision making such as overall market, key performance indicators, market By various segmentation,
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Ta b l e o f C o n t e n t s
Description Slide No.
1. Executive Summary 10
2. Introduction 11
2.1 Report Description 12
2.2 Key Highlights of the Report 13
2.3 Market Scope & Segmentation 14
2.4 Research Methodology 15
2.5 Assumptions 18
3. India Commercial Drone Market Overview 19
3.1 India Commercial Drone Market Revenues & Volume, 2016-2026F 20
3.2 India Commercial Drone Market - Industry Life Cycle 21
3.3 India Commercial Drone Market SWOT Analysis 22
3.4 India Commercial Drone Market Ecosystem 23
3.5 India Commercial Drone Market - Porter’s Five Forces 24
3.6 India Commercial Drone Market Revenue Share, By Types, 2019 & 2026F 25
3.7 India Commercial Drone Market Revenue Share, By Applications, 2019 & 2026F 26
3.8 India Commercial Drone Market Revenue Share, By Regions, 2019 & 2026F 27
4. India Commercial Drone Market Dynamics 28
4.1 Impact Analysis 29
4.2 Market Drivers 30
4.3 Market Restraint 32
4
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Ta b l e o f C o n t e n t s
Description Slide No.
XX XX
XX Western
XX
XX
XX
XX XX Southern
672.0 741.7 XX
XX
XX Northern
XX
Eastern
2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F 2026F XX
India Commercial Drone Market Revenue India Commercial Drone Market Drivers
Share, By Types, 2019
XX Increasing Awareness
Rotary Blade
XX
Fixed Wing
Growing Domestic Manufacturing
Hybrid
XX
Emergence of Digital Sky Platform
Source: 6wresearch
Introduction
CHAPTER-2
Report Description
▪ In the past few years, the India commercial drone market witnessed substantial growth on account of increasing awareness, technological
advancement, and growing adoption across several verticals such as mining, filming & photography and agriculture in the country. The outbreak of
COVID-19 has highlighted the importance of drones in India and would act in favor of the drone industry in the coming years.. Additionally,
government initiatives such as the “Make in India”, which promotes the domestic manufacturing of drones, would further fuel the growth of
▪ According to 6Wresearch, India commercial drone market size is projected to grow at a CAGR of XX % during 2020-2026. Based on types,
rotary blade drones accounted for the highest market revenue and volume share in 2019 owing to its special advantage of vertical landing and take
off. Also, they could hover at one particular point and are best suited for the short range applications. However, significant growth is recorded in
fixed wings drones on account of its simple structure and longer duration at high speed.
▪ Though, commercial drones are widely accepted and implemented across several verticals, mapping & surveying holds the majority of revenue
share due to high accuracy and quality provided by such drones with relatively less manpower and low cost. Also, recently, the government of India
has employed drones for 3D digital mapping for road widening in Allahabad highway. Further, filming & photography application has also
▪ The India commercial drone market report comprehensively covers the India commercial drone market by types, applications, and regions. India
commercial drone market outlook report provides an unbiased and detailed analysis of the on-going India commercial drone market trends,
opportunities/high growth areas, market drivers which would help the stakeholders to device and align their market strategies according to the
Copyright 2020.
2019. Reproduction is forbidden unless authorized. All rights reserved. 10
2.2 Introduction
Key Highlights
▪ Historical Data of India Commercial Drone Market Revenues & Volume for the Period 2016-2019.
▪ Market Size & Forecast of India Commercial Drone Market Revenues & Volume until 2026.
▪ Historical Data of India Commercial Drone Market Revenues & Volume, By Types, for the Period 2016-2019.
▪ Market Size & Forecast of India Commercial Drone Market Revenues & Volume, By Types, until 2026.
▪ Historical Data of India Commercial Drone Market Revenues, By Applications, for the Period 2016-2019.
▪ Market Size & Forecast of India Commercial Drone Market Revenues, By Applications, until 2026.
▪ Historical Data of India Commercial Drone Market Revenues, By Regions, for the Period 2016-2019.
▪ Market Size & Forecast of India Commercial Drone Market Revenues, By Regions, until 2026.
▪ Competitive Benchmarking
▪ Market Trends
▪ Company Profiles
Copyright 2020.
2019. Reproduction is forbidden unless authorized. All rights reserved. 11
2.3 Introduction
▪ Hybrid Drone
▪ Western ▪ Southern
▪ The research begins with defining and agreeing on the requirement of the client followed by developing the structured ▪ Need Assessment
tree on the investment case scope
2
▪ After understanding the requirement of the client, our data collection team begins the research by collecting the data ▪ Collects the facts
from various sources. ▪ (In-house database and
▪ Followed by, collection of data through experts' interviews (knowledge partners), key players, consultants and all other Primary Interviews and
key stakeholders Desk Research)
▪ Secondary research allows gathering of supporting information. Sources include: paid, Floor and in-house database
3
▪ Complete the necessary analysis utilizing appropriateanalytical techniques ▪ Analyze and synthesize the
▪ Synthesize findings to identify the “so whats” and draw the necessary conclusions. facts (On going)
5
▪ Data is further sent to the experts for the validation and final approval ▪ Data Validation
▪ Market deliverables are then prepared as agreed in the form of PDF, PPT, Spreadsheet, Report, etc. 6
▪ Consistent utilization of easy-to-flow format. ▪ Prepare and communicate
▪ Delivery of results. the results
A B
Expert Interviews including key In-house Shipment Database
B A
stakeholders (CXOs, VPs, Business
Heads, Managers and Senior
Managers), Distributors, Consultants,
and others Experts
C C
Country-Wise Statistical Research
D Sources D
Databases including Statistical,
of Information Factiva, Reuters, Bloomberg, CapIQ,
E
Desk Research including general
E
searches, filings, annual reports,
Debtwire and Merger Markets magazines and journals
▪ 6Wresearch has a unique mix of both desk as well as primary research. Our custom studies comprises of 50% primary research/end user survey and 20% database and
30% desk research.
▪ Most of the research publications are of ongoing studies and thus have developed engagements with various players and stakeholders. We encourage players to become
our contributors (knowledge partners) and avail free studies or with heavy discount. Our contributors play a vital role in primary research
▪ 6W comprises of standalone primary research team which gathers data from various stakeholders
▪ Information both from our contributors (knowledge partners) and data collection team are then further sent to the core team of analyst for application to the relevant
analytical tool
FORECASTING METHODOLOGY
▪ The analysis conducted is based on actual operating data from selected samples. The historical data is extracted based on company filings,
estimation model, in-house & paid database, local and international statistics and desk research.
▪ The forecasting methodology is based on an analysis of rolling averages, trend estimation and extrapolation. Anticipated events expected to
shape the future dynamics of supply and demand are identified then weighted against relevance and impact, thereby forecasting performance of
the relevant market.
▪ Where available, monthly and annual historical data trends from the past 5 or 10 years are analyzed to identify demand patterns, and is utilized
as a forecasting base.
▪ Knowledge contributors / Industry consultants are requested to suggest the company forecast and expected industry trends. All the factors
above are give weightages in the final forecasting estimation.
▪ India is using military drones for quite a while but the market for commercial drones stands at a nascent stage at present. However, there is a huge
potential recorded in the market for commercial drones and it is expected that commercial drone market would overtake the military drones
market in India in the coming years.
▪ The Indian market was majorly import driven prior to the implementation CAR 1.0 & 2.0 regulations and the Chinese company DJI held the
maximum share around 60% of the market but now there is a decline in DJI’s products due to the current policies & regulations, which makes NPNT
(No Permission No Take off) a mandatory software to be installed in every drone flying in India.
▪ Further, the government is supporting and promoting domestic manufacturing of drones and a 100% foreign direct investment is expected to be
allowed in the manufacturing of drones in the country in the coming years.
Figure 1: India Commercial Drone Market Revenues & Volume 2016-2026F (INR Crore, Units)
2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F 2026F
Revenues Volume Source: 6Wresearch
Figure 2: India Commercial Drone Market Revenue Share, By Types, 2019 & 2026F
Rotary blade drones portrays dominance, amongst the types, in India commercial drone market in terms of revenues on account of advantages such
as VTOL (vertical take off and landing), which are useful in mapping and surveying at a short distance. However, in the coming years fixed wing
drones are also expected to rise owing to their less complex structure and other key benefits.
XX XX
Fixed Wing
XX
2019 2026F
XX
Rotary Blade
Hybrid
XX XX
Source: 6Wresearch
Figure 3: India Commercial Drone Market Revenue Share, By Applications, 2019 & 2026F
The agriculture sector would witness significant growth in the coming years on account of increased use of drones for irrigation and monitoring
purposes. Additionally, the COVID-19 pandemic has enforced the authorities to incorporate contactless technology i.e drones for inspection and
surveying, which would boost the market for inspection & maintenance vertical in the years to come.
Mapping &
Surveying
XX XX
XX Filming & XX XX
XX Photography
Inspection &
Maintenance
XX
2019 Agriculture XX
2026F
Surveillance &
XX
XX Monitoring
XX
XX
Others
Source: 6Wresearch
Figure 4: India Commercial Drone Market Revenue Share, By Regions, 2019 & 2026F
Southern Region
XX Andhra Pradesh
XX
Western Region Telangana
Gujarat XX Karnataka
XX
Madhya Pradesh Kerala
Maharashtra Tamil Nadu
Goa Puducherry
2019 2026F 2016 2026F
Source: 6Wresearch
Fixed wing drones segment is expected to witness highest growth in the coming years due to its advantages such as longer flight durations, high
endurance and high payload capacity as compared to rotary blade drones.
CAGR CAGR
Types 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F 2026F
(2016-19) (2020E-26F)
Rotary Blade XX XX XX XX XX XX XX XX XX XX XX XX XX
Fixed Wing XX XX XX XX XX XX XX XX XX XX XX XX XX
Hybrid XX XX XX XX XX XX XX XX XX XX XX XX XX
Total XX XX XX XX XX XX XX XX XX XX XX XX XX
Table 2: India Commercial Drone Market Revenues, By Types, 2016-2026F (INR Crore)
CAGR CAGR
Types 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F 2026F
(2016-19) (2020E-26F)
Rotary Blade XX XX XX XX XX XX XX XX XX XX XX XX XX
Fixed Wing XX XX XX XX XX XX XX XX XX XX XX XX XX
Hybrid XX XX XX XX XX XX XX XX XX XX XX XX XX
Total XX XX XX XX XX XX XX XX XX XX XX XX XX
Source: 6Wresearch
Presently, the mapping & surveying application holds the majority of revenue share in overall India commercial drone market on account of
increasing use of drones in the mining sector and mapping of pipelines, roads, and bridges. Additionally, the Indian Bureau of Mines (IBM) has issued
advisory guidelines for the use of drones in the mining industry. Also, at present, drones are being used by the Indian police for the purpose of
investigation and maintenance. They are also employed in the agriculture sector due to several reasons such as monitoring crop, irrigation, and soil
analysis. Thus, with the ongoing development and growing adoption, significant growth is expected in agriculture and filming & photography
verticals.
Table 3: India Commercial Drone Market Revenues, By Applications, 2016-2026F (INR Crore)
CAGR CAGR
Application 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F 2026F
(2016-19) (2020E-26F)
Mapping &
XX XX XX XX XX XX XX XX XX XX XX XX XX
Surveying
Filming &
XX XX XX XX XX XX XX XX XX XX XX XX XX
Photography
Inspection &
XX XX XX XX XX XX XX XX XX XX XX XX XX
Maintenance
Agriculture XX XX XX XX XX XX XX XX XX XX XX XX XX
Surveillance &
XX XX XX XX XX XX XX XX XX XX XX XX XX
Monitoring
Others XX XX XX XX XX XX XX XX XX XX XX XX XX
Total XX XX XX XX XX XX XX XX XX XX XX XX XX
Source: 6Wresearch
Figure 8: India Commercial Drone Market Revenues, By Regions, 2016-2026F (INR Crore)
CAGR ▪ The Western region of India recorded the highest commercial drone market revenues in
Regions
(2020E-26F) 2019. The primary reason for the Western region to hold a dominant share in the overall
XX commercial drone market is higher technological adoption in the region and active
Western Region
participation of the government since, the government is the biggest consumer of
Southern Region XX commercial drones presently.
XX ▪ However, the Southern region also holds significant share in the market owing to the
Northern Region
presence of several manufacturing industries in the region and Andhra Pradesh
Eastern Region XX government is one of the biggest active users of commercial drones. Additionally, the
Eastern region is expected to record maximum growth in the coming years due to the
increased demand for commercial drones in the area.
XX Eastern
XX
XX
XX Northern
XX XX
XX XX
XX XX XX
XX XX XX
XX XX XX Southern
XX XX XX
XX XX XX
XX XX XX
XX XX XX XX
XX
XX XX
XX XX
XX XX XX Western
XX XX XX XX XX XX
2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F 2026F
Source: 6Wresearch
▪ India E-Commerce market accounted for 16% share in 2018 in overall logistics market and the same is expected to reach 28% by 2025.
Approximately, 12 crore people were recorded doing online shopping and the number is expected to reach 17.5 crore by the end of 2020, which
would add to the overall E-Commerce market in India.
▪ Further, Amazon, which is a leading player in E-Commerce industry has filed a patent to use its “Amazon’s Prime Air” delivery system in India and
other market players such as Flipkart and Zomato also have plans regarding drone delivery in India. Amazon has already tested that delivery of
products using drones would help the company in minimizing shipping costs as well as time to deliver the products.
▪ Additionally, Indian parliamentarian, Suresh Prabhu, at the time of policy launch of drones, said that the Indian market for drones has the potential
of hitting over INR 75.5 trillion and the government is planning to promote drones manufacturing not only for domestic use but for exports as well.
All these government initiatives along with the use of drones in E-commerce would uplift the commercial drone market in India in the coming
years.
Figure 9: India E- Commerce Industry Players Figure 10: India Overall Logistics Market Size, 2018-2025E
Market Share, 2018 (INR ’00 Crore)
37,763.9
31.4% 31.9%
16,247.8
12,091.4
5.6%
31.1%
Impact of commercial drones has bought a positive trend in the Government Policies to Support Farm Mechanization
agriculture sector. They could be used as a substitute for heavy
• Sub-Mission on Agriculture Mechanization
machines and tools and is a economical way of managing farming.
o Increasing the reach of farm mechanization to small and
Drones are helpful in multiple ways in agriculture such as irrigation, marginal farmers and to regions where the availability of
pesticides spray, crop monitoring, soil assessment, and mapping the farm power is low.
crops. The images and data collected by a drone would help the farmers o Promoting “Custom Hiring Centre” to offset the adverse
to analyse the crop and make decisions accordingly. Additionally, the economies of scale arising due to small landholding and high
cost of individual ownership.
government is also taking initiatives to teach the farmers how to operate
a drone. Also, state government of Maharashtra is planning to work with • Pradhan Mantri Krishi Sinchai Yojana
drone manufacturing companies in agriculture sector and a workshop o To achieve convergence of investment in irrigation at the
field level.
was also conducted in November 2018, to study the process of mapping
o Enhance the physical access of water on the farm and
for irrigation use in farms. expand the cultivable area under assured irrigation.
Table 4: Farm mechanization level in India, 2019
Figure 11: India Farm Mechanization Market, FY16- FY25
(INR ‘00 Crore)
Value Chain Stage Level of Mechanization (%)
Irrigation 37
Harvesting And Threshing 60-70 FY16 FY17 FY18 FY19 FY20 FY 25 (F)
Source: PWC, Tractor & Mechanization Association
Figure 15: India Commercial Drone Market Opportunity Assessment, By Types, 2026F (INR Crore)
80.0%
30.0%
20.0%
10.0%
Hybrid, XX
0.0%
0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0%
CAGR (2020E-26F)
Note: Values around the bubbles represent market revenues (in INR Crore)
Source: 6Wresearch
Figure 16: India Commercial Drone Market Opportunity Assessment, By Applications, 2026F (INR Crore)
30.0%
Mapping & Surveying, XX
Agriculture and filming &
photography applications are
25.0% Inspection &
expected to register significant
Maintenance, XX
Market Revenue Share (2026F)
Others, XX
0.0%
0.0% 5.0% 10.0% 15.0% 20.0% 25.0%
CAGR (2020E-26F)
Note: Values around the bubbles represent market revenues (in INR Crore)
Source: 6Wresearch
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