Mapping & surveying holds the majority of revenue share for the year 2019 due to high accuracy and quality provided by UAVs
The UAV Market in India, as per a report by Research and Markets, is projected to grow at a CAGR of 20.9 per cent during the 2020 to 2026 period. The eruption of COVID-19, as per the report, has highlighted the importance of UAVs in Asian nation and would act in favour of the UAV trade within the upcoming years.
“The ministry of civil aviation and board of directors general of civil aviation (DGCA) launched the GARUD portal. The platform provides fast track exemptions to government agencies for using UAVs in their operations against the pandemic. UAVs were conjointly extensively employed by state governments to deliver necessities throughout the pandemic,” the report read.
Beyond mapping & surveying
Though, UAVs are widely accepted and implemented across several verticals in commercial segment, mapping & surveying holds the majority of revenue share for the year 2019 due to high accuracy and quality provided by such UAVs with relatively less manpower and low cost.
On the other hand, surveillance holds the highest revenue share under military segment in 2019 owing to its use in security for rescue operations due to its easy accessibility in different geographical areas.
The Northern region recorded the highest UAVs market revenues in 2019. The primary reason for the Northern region to hold a dominant share in the overall UAV market is higher technological adoption in the region and active participation of the government since, the government is the biggest consumer of UAVs presently.
Based on types, in commercial and military segment rotary blade acquired the highest share for the year 2019 owing to its special advantage of vertical landing and take-off. Also, they may hover at one explicit purpose and square measure best fitted to the short-range applications.
By Range, BVLOS is expected to grow as the true economic and social potential of the UAS technology could be harnessed by enabling Beyond Visual Line of Sight (BVLOS) operations and government is also planning to enable commercial BVLOS in near future.
