July 18, 2024 5:55 PM

India’s counter-drone market set to soar with 28% annual growth over next five years: Report

India's counter-drone market is expected to grow at an annual rate of 28% over the next five years, according to a report by financial services company Motilal Oswal. This growth is driven by an increased need for systems to counter aerial attacks. The report estimates the addressable market for counter-drone systems at Rs 120 billion (approximately $1.6 billion) over the next five years. This projection is based on a requirement for nearly 1,200 counter-drone systems, each costing between Rs 8...