Frost & Sullivan,
SINGAPORE: India has ambitious plans to meet the global benchmark and modernize its armed forces in terms of military resource capabilities due to pressing security, military and maritime reconnaissance needs. The introduction of unmanned aerial vehicles (UAVs) is one of the first steps towards achieving this goal. The successful utilization of this technology in the Kashmir region, coupled with the boom in the aviation industry are providing UAV development programs the necessary foundation to succeed in the immediate future.
New analysis from Frost & Sullivan, India UAV Markets Update, finds that the UAV markets have been dormant in 2006, but estimates revenues to reach $129.3 million by 2016.
UAV developments in India have been idle for the last two decades; and lack of concerted efforts has led to postponements and cancellations of numerous projects. However, recent developments have seen India replicating its capabilities to focus on research and development. The Government realizes that there is an urgent need to modernize its armed forces' capabilities.
“UAV technologies are expected to re-shape national defense strategies and policies,” notes Frost & Sullivan Research Analyst Kenneth Chan. “UAVs are currently being tested in real-world situations by the Indian armed forces, and early test results have proven that this technology will be very useful, more economical and successful in different types of operations.”
Self-reliance is the key; and India's Government is actively supporting efforts to build a platform for indigenous UAV developments. Government, or government-linked organizations and institutions have been set up to pursue all research and development efforts. Currently, the Defense Research and Development Organization (DRDO) is leading many joint programs in UAV developments.
“With the country re-examining the failures of past designs and inculcating foreign expertise into its current batch of UAV programs, India is expected to be an extensive user of UAVs over the next decade,” notes Chan. “Contributions from public and private indigenous UAV developers are also expected to increase.”
While the Indian Government has been proactive in addressing challenges, there are still many gaps in the industry that have to be filled to spur the growth of the local UAV market. Therefore, numerous opportunities exist for all industry stakeholders to penetrate the Indian UAV market.
Tie-ups and partnerships with more established UAV companies are ways to kick-start the UAV market in India. Collaborations in areas such as network centric warfare (NCW) and Electronics Warfare (EW) are attractive options due to the country's tremendous domestic IT resources.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the India UAV Markets Update send an e-mail to Donna Jeremiah, Corporate Communications, at [email protected] with your full name, company name, title, telephone number, fax number, e-mail address, city, state, and country. We will send you the information through e-mail upon receipt of the above information.
India UAV Markets Update is part of the Aerospace & Defense Growth Partnership Service program, which includes research services in the following markets: Asia Pacific Homeland Security Market, Asia Pacific Port Security Market, China Airport Screening Market, India Airport Screening Market, and Asia Pacific Naval Communications Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants. Interviews with the press are available.
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