Deeptech (symbolic photo)
India Deeptech Market: India’s deep tech sector is going to become the new engine of the country’s economic growth in the coming years. According to a new report, by 2030, India’s deeptech market can touch the figure of $ 30 billion (about ₹ 2.65 lakh crore). Advanced technologies like defense innovation, robotics and artificial intelligence are playing an important role behind this growth.
Deeptech sector gets new flight from defense innovation
According to the report of Redseer Strategy Consultants, expenditure on defense deeptech is increasing rapidly in India. In the last 10 years, the country’s defense budget has doubled to 80 billion dollars. This growth is considered faster than countries like America and China. The report said that the base of deeptech is between $ 9-12 billion in FY2025 and it can increase by 2.5 times to reach $ 30 billion in the next five years.
Robotics becomes India’s new strength
The report shows that India is also making a strong mark in the global robotics market. At present the world’s robotics market is worth $60 billion, which is likely to increase to $230 billion by 2030. The contribution of humanoid robots in this is estimated to be around 10 billion dollars. The cost of manufacturing these robots in India is about 73 percent less as compared to America, due to which Indian companies are benefiting.
Big opportunity is visible in AI and drone technology
According to Redseer report, in the coming time, there is huge potential in India’s deeptech sector in areas like autonomous systems, AI-enabled training and energy propulsion technology. Especially in intelligent and resilient drone development, India is progressing rapidly. According to the report, DeepTech is now becoming the biggest economic force not of the future but of today, which will also prove to be attractive for investors.