The company is at the forefront of drone technology development in India, thanks to its state-owned nature and an already established reputation in air security of the country. Following are listed companies or drone stocks to watch out for in 2023: 1. Many companies in India have already ventured into making drones. Security and Surveillance: Drones can be used for surveillance and security purposes, such as monitoring crowds at events, border surveillance, and tracking criminal activity.Wildlife Conservation: Drones equipped with cameras and sensors can help monitor and track wildlife populations, including endangered species.Mapping and Surveying: Drones can create highly accurate 3D maps and models of terrain and structures for various purposes such as land surveying, urban planning, and more.Construction and Infrastructure Inspection: Drones are used to inspect structures such as bridges, pipelines, and buildings for damage, defects, and maintenance needs.Delivery and Logistics: Companies are exploring the use of drones for package delivery to customers in remote or hard-to-reach areas.Search and Rescue: Drones equipped with thermal cameras and other sensors can help search and rescue teams to locate missing persons in remote or dangerous areas.Agriculture: Drones are used in agriculture to survey crops, monitor plant health, and even spray pesticides and fertilizers over fields.Aerial Photography and Videography: Drones equipped with high-quality cameras are used to capture aerial photos and videos for various purposes such as journalism, filmmaking, real estate, surveying, and more.And as technology continues to improve, we can expect to see even more applications of this versatile technology. Common uses of dronesÄrones have come to be used in several fields. This is expected to act as a booster shot for the nascent industry in India. The PLI scheme has an outlay of Rs 120 crore over three years. To ensure that India is not left behind in the drone revolution, the government has launched a production-linked incentive (PLI) scheme for companies willing to make drones in India. The government also aims to make India the global drone hub by 2030 and has taken many initiatives to meet its target. India has seen around 49 deals in the drone sector in the last four years, according to a 2022 report by KPMG. While drones are at a nascent stage in India, they have got a foothold in many industries abroad. Drones are already being seen as the future of warfare in the defence sector and the best delivery mode in the ecommerce industry. The drone technology has emerged as one of the many disruptive technologies that is set for a big leap given its effectiveness in cost-cutting and likelihood of mass adoption. Drones, also known as unmanned aerial vehicles (UAVs), have a wide range of use across industries.
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