Best Drone Stocks to Invest in India 2023
You may want to consider investing in drone stocks in India. Drones are revolutionising various sectors, from agriculture to delivery. Their demand is only expected to increase in the coming years. But with so many options, which are the best drone stocks in India for 2023?
This blog will examine five companies leading the way in the Indian drone market.
Overview of the drone industry
The drone industry is booming globally, with India included. The demand for drone stocks in India has increased with the increasing use of drones in various sectors, such as agriculture, delivery and surveillance.
Drones are crewless aerial vehicles that can be controlled remotely and are increasingly used across sectors. The drone industry in India has been growing steadily in recent years and has immense potential. A significant trend in the Indian drone industry is the growing adoption of drones in agriculture.
The delivery drone market is also gaining momentum in India, with companies like Zomato and Swiggy experimenting with drone deliveries. In addition, the Indian government has also been promoting the use of drones in sectors including mining, infrastructure and disaster management.
With an increase in the use of drones, the demand for drone-related services, such as controller training, maintenance and repair, is also expected to rise in the coming years. Overall, the drone industry in India is poised for significant growth in the coming years, and it presents an exciting opportunity for investors looking for high-growth potential stocks.
Uses of Drones
Drones are presently being used for various purposes. Here are some of the most common uses for drones.
Aerial photography and videography: Drones equipped with high-resolution cameras are
widely used for aerial photography and videography. They can capture stunning visuals and provide unique perspectives that are not possible with traditional cameras.
Surveillance and security: Drones are used for administration and security purposes, especially in areas that are difficult to access. They can be used for border surveillance, crowd management and disaster management.
Agriculture: Drones are increasingly used for crop monitoring, mapping and spraying. They can provide farmers with real-time data on crop health, irrigation and fertilisation needs.
Delivery: With the rise of e-commerce, delivery drones are gaining popularity. Drones can deliver goods quickly and efficiently, especially in conditions with poor road infrastructure.
Search and rescue: Drones with thermal cameras and other sensors are used for search and rescue operations. They can quickly locate missing persons and provide real-time data to rescue teams.
Infrastructure inspection: Drones can inspect bridges, power lines and other infrastructure that may be otherwise tricky and dangerous for human access.
Entertainment: Drones can also be used for light shows and fireworks displays. They are increasingly being used for entertainment purposes. They can create mesmerising visual effects and are integral to live events.
5 best drone stocks in India
Here are 5 top drone stocks in India for your initial research to find the best drone stock investment portfolio in 2023.
BEL is a leading public sector company manufacturing advanced technology defence systems, including unmanned aerial vehicles (UAVs). It has a strong presence in the defence industry and is well-positioned to benefit from the increasing demand for UAVs. It manufactures a variety of battlefield drones whose systems and components are all made in India. BEL plans to secure a significant share of the Indian defence drone market. It has also collaborated with Defence Research Development Organization (DRDO) to develop specialised drones.
HAL is another government-owned company that manufactures UAVs for defence and civilian purposes. HAL is engaged in multiple drone projects involving advanced technologies. For example, it’s reportedly developing n AI-driven multi-role long-endurance drones for strategic defence missions in high-altitude areas. In a recent development, HAL’s subsidiary Naini Aerospace has joined hands with Garuda Aerospace to manufacture advanced precision drones in India. With its aeronautics and aerospace engineering expertise, HAL is well-equipped to capitalise on the growing demand for drones in India.
Info Edge India is the parent company of some of the most popular websites such as Naukri.com, Jeevansathi.com, 99acres.com, and shikhsha.com. It’s a large-cap company in the pure internet technology space. In 2021, Info Edge co-led a pre-Series A funding round in Skylark Drones, a Bengaluru-based startup. Founded in 1995 and headquartered in Noida, India, Info Edge has emerged as a prominent player in the online classifieds market with intelligent investments in diverse internet firms, including in the Drone business.
DroneAcharya Aerial Innovations manufactures drones and provides DGCA-certified drone pilot training and drone-based data capturing and logistics services. It was founded in 2017 as a Drone startup in Karnataka. In 2020, the company moved its headquarters to Pune, Maharashtra, and in December 2022, it got listed on BSE. The company offers various drone-based services, including aerial mapping and surveying, thermal imaging, infrastructure inspection, and agricultural monitoring. Its clientele spans industries such as infrastructure, real estate, construction, and agriculture. Leveraging cutting-edge drone technology and software, the company collects and analyses data, providing clients with valuable insights.
Hyderabad-headquartered Zen Technologies is a private-sector company engaged in defence and security training. Known for designing and manufacturing world-class defence training simulators, Zen Technologies also has footprints in drone technologies. In particular, its Anti Drone System offers detection, classification, tracking, surveillance, and neutralisation of threats dones by jamming their communications.
Incorporated in October 2021, Paras Defence and Space Technologies is an engineering company that designs, develops, and manufactures products, systems, and solutions for defence and space applications. It designs and manufactures a wide variety of drones. It also offers drone pilot training. To spearhead its drone business, Paras Defence and Space Technologies has set up a subsidiary Paras Aerospace in December 2022.
The drone industry in India is on the rise. As a result, the demand for drone stocks is expected to increase in the upcoming years. While there are several drone stocks to choose from, the five companies mentioned above stand out as the best drone stocks in India for 2023. Investors looking to capitalise on the growing drone market in India should consider these companies for their portfolio.
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The investment options and stocks mentioned here are not recommendations. Please go through your own due diligence and conduct thorough research before investing. Investment in the securities market is subject to market risks. Please read the Risk Disclosure documents carefully before investing. Past performance of instruments/securities does not indicate their future performance. Due to the price fluctuation risk and the market risk, there is no guarantee that your personal investment objectives will be achieved.