State of Drone Market : Strategic v/s Tactical Focus across 20 market participants

ideaForge and Garuda Aerospace continue to lead the market across multiple strategic and tactical parameters

Study Name : State of Drone Market : Strategic v/s Tactical Focus across 20 market participants

Since 2019/late 2021:-

1. Use cases have evolved from defense surveillance to urban mapping. From agriculture monitoring and terrain mapping to water sprinking, seeding and fertilizer applications
2. Some startups have IPO'ed while some have raised significant capital. Others have gone through acquisitions and partnerships with global drone partners
3. More and more players are focusing on vertical integration
4. In terms of specifications, as the use cases are evolving so are the specs. Surveillance has no need of high payload capacity while heavy logistics need payload solutions. On the other hand, reconnaissance means you need good area coverage and endurance
5. Equally exciting is the jump in revenue for all these players which bolsters overall growth of the market in terms of bargaining power of the sector as a whole

Note 1 : While most of these assessments focus on revenue as a key metric, in my assessment, revenue is only 1 of the 7+ factors with no over-weightage. This is visible directly in my analysis as multiple companies with significantly lower revenue have jumped past high revenue players

Note 2 : Parameters considered include:-
1. Sectoral diversification and presence
2. Sectoral Importance and sector growth rate
3. Sectoral propensity to absorb drone solutions
4. Degree of vertical integration
5. Specifications of drone and drone services
6. Compatibility of specifications with use cases
7. Competitiveness of specifications with other market participants
8. Revenue
9. Other operational parameters
10. Inputs from Interaction with market participants

Note 3 : Independent analysis performed based on facts and figures available in public domain with certain validation inputs from my expert network. For any queries, licensing needs, please write to analystankur@house-of-analyst-ankur.com