Drone startups finally see high altitude growth with new regulations in place
India?s drone market, according to a report by advisory firm BIS Research, will become $885.7 million in size by 2021 even as the global market will hit $21.47-billion mark.
- The new drone regulation applies to all drone types except nano drones or ones weighing less than 250 grams.
- Bengaluru-based Aarav Unmanned System provides surveying, industrial inspection, and precision agriculture services via drones.
- Makkar hinted towards businesses like Tata and Adani Group that were reportedly planning developing drones and its use cases.
- Bengaluru-based Asteria Aerospace manufactures drones for surveillance, asset monitoring in security, oil and gas, mining, construction industries etc.