India A Booming Market For Mini, Macro UAVs: Study

Advanced Defense Technologies, Inc. announced today that ADTI and its international alliance partners see a booming market in India for mini and micro drone models that carry out more and more missions that were previously performed by manned aircraft.

The surging market in the global sale of UAVs occurs at a time when these systems are becoming a common tool not just in the military but for civilian use as well. ADTI foresees the India marketplace for drones and UAVs, used for reconnaissance and mapping to surveillance, border or maritime patrol, a multi-million-dollar business that will grow steadily, it said in a statement.

UAVs are the fastest-growing sector in the aerospace industry, according to a recent study by defense consultancy The Teal Group. Current global sales are about $6.6 billion a year. This is expected to almost double to $11.4 billion annually over the next decade. Over the ten-year period $89 billion worth of drones are expected to be sold. 

"The global drone and UAV market is growing at a very fast rate and becoming the largest portion of the aircraft sales in the world," stated R.S. Tahim, President and CEO of Advanced Defense Technologies Inc. "The general public will soon understand that less controversial uses for UAVs are being explored increasingly in the humanitarian, environment and agricultural sectors. In many cases, the systems are safer and cheaper than manned aircraft and in some cases the mini and micro drones will do things for the commercial civilian markets that were not possible before."