The global drone market is poised for remarkable growth, with projections indicating a substantial evolution into a US$ 51.4 billion industry by CY27 and potentially reaching around US$ 91.3 billion by CY30. This expansion positions drones as significant disruptors for the future, offering a multitude of benefits across various sectors and presenting novel solutions to existing challenges.
India aims to lead Industry Revolution 4.0 by 2030, with drones playing a crucial role. This initiative is expected to enhance the country's GDP by 1-1.5 per cent and create over five lakh jobs. Drones are integral to the Industry 4.0 ecosystem, prompting calls for expanding the Production Linked Incentive (PLI) scheme introduced by the government in 2021.
Moreover, the allocation of Rs 57 crore for drone technology and components under the production-linked incentive (PLI) scheme in the interim budget 2024 is bound to give India the much-needed impetus to compete on the global stage. This marks drones as a sunrise sector in India shaping the future of the country in several areas through innovation and technology advancements.
Here is how the drone industry and its evolution in India will bring a lot of positive influence across sectors:
Sustainability: A Priority
هذه القصة مأخوذة من طبعة April 2024 من The Machinist.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة April 2024 من The Machinist.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
BFW INAUGURATES ITS STATE-OF-THE-ART MANUFACTURING FACILITY IN HOSUR
BFW recently inaugurated its state-of-the-art manufacturing facility at Devaganapalli, Hosur, Tamil Nadu. The event was graced by wellknown thought leaders, members of BFW Board, over 50 overseas global partners of BFW and 300+ senior manufacturing professionals representing prestigious clients and close-knit ecosystem of supply chain partners.
WALTER INTRODUCES NEW COMPETENCE BRAND FOCUSING ON LIGHTWEIGHT MACHINING
Walter is raising its profile for the machining of lightweight components with the new Walter FMT competence brand.
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The article explains how the Internet of Packaging (IOP) is changing traditional packaging methods. With the help of technologies such as QR codes, RFID, and NFC, smart packaging goes beyond its conventional function as a container
DE-SKILLING - THE FASTEST WAY TO RAISE PRODUCTIVITY
Often viewed as a negative trend in the workplace, de-skilling can offer numerous benefits that can lead to increased productivity and reduced laborious efforts. The article demonstrates how companies can augment their efficiency by utilising the potential of workers while simplifying processes through de-skilling.
WE ARE HEAVILY INVESTING IN THERMAL MANAGEMENT SOLUTIONS
Vikas Marwah, CEO of Lumax Auto Technologies Limited (LATL), sheds light on the driving factors that led to the development of automotive air intake systems recently unveiled at Lumax Cornaglia Auto Technologies (LCAT) Private Limited's new facility located in Chakan, Pune. Additionally, he talks about the newly introduced rotational moulding technology and the competitive edge it will offer in terms of innovation and growth in an interview with Nisha Shukla.
FARMING FORTITUDE: GALVANISED STEEL'S VITAL ROLE IN AGRICULTURAL ADVANCEMENT
From protecting valuable assets to supporting critical infrastructure, the article delves into the critical role galvanised steel plays in fostering the success of the agricultural industry.
THE FUTURE OF SOFTWARE DEFINED VEHICLES IN INDIA
The article explores the potential and future of 'software-defined vehicles in India', investigating the evolution of software-driven mobility, the integration of sophisticated technology, and its growing impact on the Indian automotive industry.
LEVERAGING AI & ML IN ENHANCING CUSTOMER EXPERIENCE IN NBFC IN INDIA
The article delves into the ubiquitous role artificial intelligence (AI) and machine learning (ML) algorithms play in positively shaping the customer experience and the operations of Non-Banking Financial Companies (NBFCs) in India.
OUR STRATEGY IN EMERGING MARKETS FOCUSES ON INNOVATION AND AFFORDABILITY
For Wilo Group, emerging markets have always served as a conducive ground for innovation and expansion. While it comes with numerous challenges and opportunities, for Jens Dallendoerfer, Senior Vice President of Sales Region Emerging Markets, Wilo Group, the most compelling aspect of tapping emerging markets is the sheer scale of untapped demand and growth potential. In an interview with Rahul Kamat, he candidly talks about the company's approach to making inroads in emerging markets.
LINDSTRÖM LAUNCHES FLOOR MAT RENTAL SERVICE FOR INDIA
Lindström India, a 100 per cent subsidiary of the Finnish Lindström Oy, a global textile rental company offering workwear and cleanroom services, has launched the unique floor mat rental service for India.
