India Unmanned Aerial Vehicle (UAV) Market to Expand at a CAGR of 13.20% Over 2024-2032
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Unmanned Aerial Vehicle (UAV) Market - India Market Statistics Base Year: 2023 Historical Years: 2018-2023 Forecast Years: 2024-2032 Market Growth Rate: 13.20% (2024-2032) India unmanned aerial vehicle (UAV) market is rapidly growing, driven by defense, agriculture, and commercial applications, with significant investment opportunities. According to the latest report by IMARC Group, the market is projected to exhibit a growth rate (CAGR) of 13.20% during 2024-2032 . India Unmanned Aerial Vehicle (UAV) Market Trends and Drivers: Rising Need Across Sectors : Agriculture, defense, logistics, and more are key sectors driving market growth. Government Push for Modernization : Focus on indigenization and modernization of defense capabilities. UAVs play a crucial role in surveillance, reconnaissance, and border security. Adoption in Agriculture : Used for crop monitoring, precision farming, and pesticide spraying. Driven by the need for enhanced productivity and efficiency. Commercial Appli...