According to the UnivDatos, the PLI scheme for drone manufacturing, drone rules 2021 simplification, strong defense sector demand, agricultural modernization initiatives, smart infrastructure development, Make in India push for indigenous drones, growing drone-as-a-service model drive the India Drones market. As per their “India Drones Market” report, the Indian market was valued at USD ~1150 million in 2024, growing at a CAGR of about 20.50% during the forecast period from 2025 - 2033 to reach USD million by 2033.

In India, innovative firms are dominating the market, and some among them include IdeaForge Technology Ltd for defense-grade UAVs and Garuda Aerospace for agricultural drone services. In the military and surveillance sectors, Zen Technologies and Asteria Aerospace are enhancing their products by introducing AI systems. At the same time, Adani Group is investing increasingly, aiming at ramping up drone manufacturing and defense, which will define the role of India in the further development of the drone industry.

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1.    IdeaForge Technology Ltd

ideaForge Technology Limited engages in the design, development, manufacture, and marketing of unmanned aerial vehicle (UAV) systems for security and surveillance applications in India and internationally. The company provides BlueFire Live!, a live streaming drone video feed and payload control; and BlueFire Touch, a ground control software that builds to plan and command mapping missions. It also provides autopilot, a remote-control system for flight check-related actions; BlueFire Map assist, geotagging software solutions; Surveillance Pro, an image intelligence system; and GIS Pro, a mapping survey system. In addition, the company offers FLYGHT Cloud, an end-to-end data sharing solution. Further, it provides RYNO, Q6, Q4i, Netra V4 PRO, and V4+, and Switch products. ideaForge Technology Limited was incorporated in 2007 and is based in Navi Mumbai, India.

2.    Garuda Aerospace Private Limited

Garuda Aerospace Private Limited engages in the development of drones, related software, and analytical tools. The company’s products include agriculture drone, mapping drone, surveillance drone, delivery drone, warehouse management drone, and paint spraying drone. The company offers its services for agriculture, solar cleaning, disaster management, inspection, load carrying, and seeding purposes. Garuda Aerospace Private Limited was incorporated in 2015 and is based in Chennai, India.

3.    Zen Technologies Limited

Zen Technologies Limited, together with its subsidiary, designs, develops, manufactures, and sells training simulators in India and internationally. The company provides anti-drone systems, combat training simulation and war gaming solutions, armour combat training, indoor tracking, hand grenade simulator, tactical engagement simulation systems, and digital beamforming solutions. It also offers mortar integrated and carrier mortar tracked, anti-aircraft air defense, anti-tank guided missile, artillery forward observer, automatic grenade launcher, infantry weapon training, UAV mission, rotary wing, medium machine gun, integrated air defense combat, combat weapons training, infantry combat vehicle driving, gunnery, crew gunnery, driving and automated driving, BMP II integrated missile, driver aptitude testing, advanced weapon, driving training, bus driving, and tatra driving simulators. In addition, the company provides containerized tubular and indoor shooting range, smart target, shoot house for live and simulated indoor tactical training, shoot-edge adapter for handguns, master control station for live-firing ranges, tank target and zeroing, air-to-ground firing range, corner shot weapon, tank zeroing, and multi-functional target systems. It serves police, paramilitary, armed, and security forces; government departments comprising transport, mining, and infrastructure; and the civilian markets. Zen Technologies Limited was incorporated in 1993 and is headquartered in Hyderabad, India.

4.    Asteria Aerospace Limited

Asteria Aerospace Pvt. Ltd. is a robotics and artificial intelligence company that develops drone-based solutions to provide actionable intelligence from aerial data. Its products include CYGNUS, a mini unmanned aerial system (UAS) designed for ground surveillance and security operations; GENESIS, is a secure network platform that enables organizations to effectively use and manage fleets of drones in surveillance and security operations; and A400, is a vertical takeoff and landing (VTOL) unmanned aerial system designed for confined locations. The company was founded in 2011 and is based in Bengaluru, India. As of December 13, 2019, Asteria Aerospace Pvt. Ltd. operates as a subsidiary of Reliance Strategic Business Ventures Limited.                                                           

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5.    Adani Group

Adani Enterprises Limited, together with its subsidiaries, operates as a conglomerate company in India and internationally. It operates through Integrated Resources Management, Mining Services, Commercial Mining, New Energy Ecosystem, Airport, Road, and others segments. The company offers transport and logistics services; and manufactures cement, hydrogen and its derivatives, polysilicon, ingots, wafers, solar cells with modules, wind turbines, generators, electrolysers, and fuel cells, as well as ammonia and urea. Further, the company manufactures fighter aircraft, unmanned aerial systems, helicopters, submarines, air defense guns, and missiles and small arms; develops avionics and systems, opto-electronics, aero structures and components, aerospace composites, and radar and electronic warfare systems, as well as constructs national highways, motorways, tunnels, metro-rail, railways, etc. Additionally, it engages in the sewage and wastewater treatment, recycling, and reuse business; operates, manages, and develops airports; and develops and operates data centers. The company was founded in 1988 and is headquartered in Ahmedabad, India. Adani Enterprises Limited operates as a subsidiary of S.B. Adani Family Trust.

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