The commercial drone market has seen substantial growth in the past few years around the world as a result of growth in the range of civil applications. UAVs have been leveraged by various industry sectors such as agriculture, mining, power and utilities, railways, construction, logistics and delivery. Goldman Sachs estimates that overall drone technologies (both military and non-military) will reach a total market size of $100 billion by the end of this year - with commercial businesses representing the fastest growth opportunity.
Recent applications allowed by the Indian government provide a glimpse of future possibilities. For instance, the MoCA has granted exemptions to 13 consortia, including those initiated by budget airline SpiceJet, Google-backed Dunzo and drone maker Throttle Aerospace to operate drones on an experimental basis without requiring operator permits and unique identification numbers till 30th September 2020. The decision enables them to pilot drone operations beyond visual line of sight (BVLOS) for transporting goods.