DRONE MARKET PROJECTIONS

THE GLOBAL PERSPECTIVE

 KEY POINTS OF FOCUS

Module I •Global Investment in Drone Market

Module II •Total Number of Drone Startup (Globally)

•Country-wise Operations Allowed in Drone

Module III
Industry

Module IV •Global Drone Shipment in past years

Module V •Categorization of Drone Market

 Global Investments in Drone Market
The commercial drone market has experienced substantial growth as UAVs have been leveraged by different industry sectors, such as
Agriculture, Mining, Power and Utilities, Railways, Construction, Highways, Delivery and Media.

Goldman Sachs estimates that

Commercial/Civil drone technologies will reach a
US$13 total market size of US$100 billion
between 2016 and 2020. Though
70% of this figure would be linked
to military activities, the
Global Investments commercial business represents
the fastest growth opportunity,
US$17 projected to reach US$13 billion
between 2016 and 2020

US$70

Consumer Military
 Total number of Drone Startups (Globally)

Global Drone Startups comparison (Country-wise)

250

194
200
Total Number of Start-ups

150

100

50
50
17 16 16
0
United State India United Kindom China Israel
Country
 Country wise Operations Allowed-Indian vs Global
Country License for Commercial Flight Insurance for BVLOS Flights License For
flying Allowing Commercial Allowing BVLOS Flights
Flight
USA

UK

China

India

Germany

Australia

Brazil

South Africa

South Africa

Japan
Global Drone Shipments (In thousand units ), 2019-2013
Use Case 2019 2020 2021 2022 2023
Construction 141.1 209.8 294.2 394.3 509.5
Monitoring
Fire Services 32.7 48.5 58.2 63.7 67.0
Monitoring
Insurance 31.8 46.4 67.2 96.3 135.8
Investigation
Police Evidence 26.8 45.1 60.4 72.0 80.7
Gathering
Retail 12.9 24.9 44.4 75.1 122.0
Fulfillment
Other Use 106.2 150.8 206.5 275.3 356.5
Cases
Total 351.5 525.6 730.9 976.7 1,271.6
List of Indian Startups working on Military UAVs

Startup Name Location

Mumbai

Bengaluru
The Indian military is widely dependent on foreign
defense partners including the United States and
Israel for procuring UAVs. This could mean that
West Bengal either the homegrown startups operating in the
combat UAV domain lack innovation, or the
scarcity of funds.

New Delhi

Bengaluru
Categorization of Market – Application of drone in the
Indian Agriculture Industry

15%
Small Scale
6% Medium
Semi Medium
60% 17% Large Group
Marginal
2%
 Agricultural Application of UAVs
The agriculture equipment industry, which facilitates machinery for day-to-day Agri-operations in India,
is estimated at $9.43 B

Market Size for different Agriculture Application The total addressable market
(TAM) in the Indian agriculture
180
industry is $250 Mn. The fact that
160 marginal and small-size farmers
are not the right target audience
140 for UAVs due to the high setup
120 costs.
In Millions ($)

Government intervention to
100
promote technology adoption in
80 farming, in the form of a subsidy
to reduce setup costs of new age
60 technology can enhance the
40 $164,636,976 opportunity for UAV
manufacturers in the agriculture
20 $65,551,235
sector. Provided the number of
$19,862,562 small and marginal size farmers in
0
India is relatively more than semi
Large group farmers Medium Scale Farmers Semi Medium Framers
medium, medium & large group
Farmer Type
farmers.
 Civilian Applications: The Global Perspective
In the context of utility, the scope of drone technology is much wider in civilian applications compared
to the military domain. The global market size of the civilian drone applications is estimated at $30 Bn
between 2016 and 2020.
Global Civilian Applications of Drones
12

10

8
Billion ($)

0
Construction Agriculture Insurance Claims Off shore Oil /gas Journalism 0.5
Refining
Sectors
 Application of UAVs in the Construction Industry

Total Addressable Market

3
In case of the construction industry,
2.5 the total addressable market for UAVs
is relatively higher than agriculture.
2 The total addressable market for UAV
In Billions ($)

applications in the construction

1.5 industry is estimated at $4.14 Bn.
UAVs can be used primarily for
operations such as project
1 $2,909,475,360
monitoring and logistics, and pre-
construction surveying and mapping
0.5 $1,231,840,051 of the land.

0
Private Constrcution Companies Public Construction Companies
Targeted Audience
 Application of UAVs For the Indian Startup Ecosystem

Addressable Market for Start-up

In the startup ecosystem, the two
80 industries where UAVs can make a
significant impact in terms of utility
70
are ecommerce and hyperlocal. In
both the areas, a large proportion of
60
logistics and delivery can be catered
to using drones.
In Millions ($)

50
The total addressable market (TAM)
40 for UAVs in the startup ecosystem
(ecommerce and hyperlocal) is
30 estimated at $160.99 Mn. In 2019,
the total market size of the
20 $72,846,500 ecommerce retail logistics industry
is poised to be $1.86 Bn. These
10 $47,350,225 figures support the view that UAVs
$40,794,040
have the potential to disrupt
0 approximately 14.82% of the
Ecommerce Hyperlocal Logistics ecommerce retail logistics industry.
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