Drone Battery Market
Drone Battery Market Forecasts to 2030 - Global Analysis By Drone Type (Fixed-Wing Drones, Multirotor Drones, Hybrid VTOL (Vertical Takeoff and Landing) Drones, Nano Drones and Other Drone Types), Battery Type, Voltage, Application, End User and By Geography
According to Stratistics MRC, the Global Drone Battery Market is accounted for $5.84 billion in 2023 and is expected to reach $12.53 billion by 2030 growing at a CAGR of 22.4% during the forecast period. A drone battery is a rechargeable energy storage device specifically designed to power unmanned aerial vehicles (UAVs), commonly known as drones. These batteries typically utilize lithium-ion technology due to its high energy density and lightweight properties, essential for sustaining flight. Drone batteries are crucial components, providing the necessary power for propulsion, stabilization, and onboard systems such as cameras or sensors. They come in various shapes, sizes, and capacities, tailored to the specific requirements of different drone models.
According to a study conducted by Consumer Product Safety Commission (CPSC), 200 drone incidents took place between 2012 and 2017. 50% of these incidents took place during charging.
Market Dynamics:
Driver:
Growing shift towards sustainable technologies
Manufacturers are increasingly focused on developing drone batteries with reduced environmental impact, utilizing alternative materials and recycling processes. This emphasis on sustainability aligns with the broader trend towards environmentally conscious practices, thereby attracting environmentally conscious consumers and businesses. As a result, the drone battery market is witnessing increased adoption of sustainable battery technologies, creating opportunities for innovation and market expansion.
Restraint:
Safety concerns
Safety concerns in drone batteries primarily revolve around the risk of fire, explosion, and thermal runaway, particularly with lithium-based chemistries. Issues like overcharging, short circuits, and physical damage can trigger these hazards. Such incidents not only pose safety risks to users and property but also damage the reputation of drone technology and hinder regulatory acceptance. Heightened safety concerns lead to stricter regulations, increased scrutiny, and reluctance among potential users, thus impeding market growth.
Opportunity:
Rise in e-commerce and delivery services
The rise in e-commerce and delivery services fuels the need for efficient and reliable power sources to enable unmanned aerial vehicles (UAVs) to perform deliveries. Drone batteries with longer flight times and higher energy densities are essential to support the extended operational range required for delivery drones. As e-commerce companies increasingly explore drone delivery solutions to enhance logistics and reduce delivery times, the demand for advanced drone batteries is expected to grow substantially, driving market expansion in the drone battery sector.
Threat:
Cost constraints
Cost constraints in drone batteries stem from the high initial investment required for research, development, and manufacturing of advanced battery technologies. Additionally, the cost of materials such as lithium-ion compounds and rare earth elements contributes to the overall expense. These high costs can deter potential buyers, particularly in industries with tight budgets, limiting market penetration. Moreover, competitive pricing pressure from alternative power sources and traditional fuel-powered drones can hinder market growth.
Covid-19 Impact
The covid-19 pandemic exerted a mixed impact on the drone battery market. Initially, disruptions in global supply chains and decreased manufacturing capacity hampered battery production, leading to shortages. However, as the pandemic progressed, increased demand for drones for various applications such as surveillance, delivery, and monitoring fuelled market growth. Overall, while facing initial challenges, the drone battery market experienced growth due to evolving market needs during the pandemic.
The fixed-wing drones segment is expected to be the largest during the forecast period
The fixed-wing drones segment is estimated to have a lucrative growth. Fixed-wing drones are unmanned aerial vehicles (UAVs) designed with a fixed-wing structure similar to traditional airplanes. They offer longer flight times and higher speeds compared to multirotor drones due to their aerodynamic design. Their efficient flight capabilities make them ideal for applications where endurance and range are crucial. Their ability to cover vast distances efficiently makes them indispensable tools in various industries.
The surveillance & security segment is expected to have the highest CAGR during the forecast period
The surveillance & security segment is anticipated to witness the highest CAGR growth during the forecast period. Drones play a pivotal role in surveillance and security, enabled by advanced battery technology. These batteries power the drone's propulsion system and onboard surveillance equipment, such as cameras and sensors, ensuring uninterrupted operation during critical missions. Efficient batteries are indispensable in bolstering the effectiveness and versatility of drones in surveillance and security operations.
Region with largest share:
The Asia-Pacific region's drone battery market is experiencing rapid growth, fuelled by increasing demand for drones in various sectors, including agriculture, construction, and surveillance. With technological advancements driving the adoption of drones for commercial and industrial purposes, there's a corresponding surge in demand for reliable and high-performance batteries. Government initiatives promoting drone technology and supportive regulatory frameworks further propel market expansion.
Region with highest CAGR:
The North American drone battery market is witnessing significant growth, driven by the widespread adoption of drones across various industries. The region's robust regulatory framework and supportive government initiatives bolster adoption, fostering a conducive environment for market growth. Additionally, advancements in battery management systems and safety features ensure reliability and longevity, addressing concerns about drone operation. Key market players continually innovate to meet the evolving demands of North America's dynamic drone industry.
Key players in the market
Some of the key players profiled in the Drone Battery Market include Da-Jiang Innovations Science and Technology Corporation (DJI), Tenergy Corporation, Panasonic Corporation, AeroVironment Inc., Ballard Power Systems Inc., Oxis Energy Limited, Tattu (Gens Ace), LithiumWerks, Lithium Polymer Battery Corporation (LPB), EnerSys, SMA Solar Technology AG, Zippy Flightmax, MaxAmps, Amprius Technologies Inc., Kokam Corporation and Parrot SA.
Key Developments:
In April 2024, Chinese drone manufacturer DJI has launched the DJI Power 1000 and 500, 'versatile' powerbanks designed for fast-charging drones and common appliances, and an entirely new product line for the company.
In September 2023, Amprius Technologies, Inc. has announced its high-energy density cells have been integrated into a state-of-the-art battery pack produced by Tenergy. The Tenergy x Amprius battery was unveiled at the Commercial UAV Expo (CUAV) in Las Vegas, the offering a 31% reduction in weight while still carrying a 6% greater energy than comparable packs.
Drone Types Covered:
• Fixed-Wing Drones
• Multirotor Drones
• Hybrid VTOL (Vertical Takeoff and Landing) Drones
• Nano Drones
• Other Drone Types
Battery Types Covered:
• Lithium Polymer (LiPo) Batteries
• Lithium-ion (Li-ion) Batteries
• Nickel-Cadmium (NiCd) Batteries
• Nickel-Metal Hydride (NiMH) Batteries
• Other Battery Types
Voltages Covered:
• Low Voltage (Below 12V)
• Medium Voltage (12V - 24V)
• High Voltage (Above 24V)
Applications Covered:
• Photography & Videography
• Search & Rescue
• Surveillance & Security
• Delivery & Logistics
• Infrastructure Inspection
• Entertainment
• Mapping & Surveying
• Other Applications
End Users Covered:
• Individual Consumers
• Commercial Organizations
• Government Agencies
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Drone Battery Market, By Drone Type
5.1 Introduction
5.2 Fixed-Wing Drones
5.3 Multirotor Drones
5.4 Hybrid VTOL (Vertical Takeoff and Landing) Drones
5.5 Nano Drones
5.6 Other Drone Types
6 Global Drone Battery Market, By Battery Type
6.1 Introduction
6.2 Lithium Polymer (LiPo) Batteries
6.3 Lithium-ion (Li-ion) Batteries
6.4 Nickel-Cadmium (NiCd) Batteries
6.5 Nickel-Metal Hydride (NiMH) Batteries
6.6 Other Battery Types
7 Global Drone Battery Market, By Voltage
7.1 Introduction
7.2 Low Voltage (Below 12V)
7.3 Medium Voltage (12V - 24V)
7.4 High Voltage (Above 24V)
8 Global Drone Battery Market, By Application
8.1 Introduction
8.2 Photography & Videography
8.3 Search & Rescue
8.4 Surveillance & Security
8.5 Delivery & Logistics
8.6 Infrastructure Inspection
8.7 Entertainment
8.8 Mapping & Surveying
8.9 Other Applications
9 Global Drone Battery Market, By End User
9.1 Introduction
9.2 Individual Consumers
9.3 Commercial Organizations
9.4 Government Agencies
9.5 Other End Users
10 Global Drone Battery Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Da-Jiang Innovations Science and Technology Corporation (DJI)
12.2 Tenergy Corporation
12.3 Panasonic Corporation
12.4 AeroVironment Inc.
12.5 Ballard Power Systems Inc.
12.6 Oxis Energy Limited
12.7 Tattu (Gens Ace)
12.8 LithiumWerks
12.9 Lithium Polymer Battery Corporation (LPB)
12.10 EnerSys
12.11 SMA Solar Technology AG
12.12 Zippy Flightmax
12.13 MaxAmps
12.14 Amprius Technologies Inc.
12.15 Kokam Corporation
12.16 Parrot SA
List of Tables
1 Global Drone Battery Market Outlook, By Region (2021-2030) ($MN)
2 Global Drone Battery Market Outlook, By Drone Type (2021-2030) ($MN)
3 Global Drone Battery Market Outlook, By Fixed-Wing Drones (2021-2030) ($MN)
4 Global Drone Battery Market Outlook, By Multirotor Drones (2021-2030) ($MN)
5 Global Drone Battery Market Outlook, By Hybrid VTOL (Vertical Takeoff and Landing) Drones (2021-2030) ($MN)
6 Global Drone Battery Market Outlook, By Nano Drones (2021-2030) ($MN)
7 Global Drone Battery Market Outlook, By Other Drone Types (2021-2030) ($MN)
8 Global Drone Battery Market Outlook, By Battery Type (2021-2030) ($MN)
9 Global Drone Battery Market Outlook, By Lithium Polymer (LiPo) Batteries (2021-2030) ($MN)
10 Global Drone Battery Market Outlook, By Lithium-ion (Li-ion) Batteries (2021-2030) ($MN)
11 Global Drone Battery Market Outlook, By Nickel-Cadmium (NiCd) Batteries (2021-2030) ($MN)
12 Global Drone Battery Market Outlook, By Nickel-Metal Hydride (NiMH) Batteries (2021-2030) ($MN)
13 Global Drone Battery Market Outlook, By Other Battery Types (2021-2030) ($MN)
14 Global Drone Battery Market Outlook, By Voltage (2021-2030) ($MN)
15 Global Drone Battery Market Outlook, By Low Voltage (Below 12V) (2021-2030) ($MN)
16 Global Drone Battery Market Outlook, By Medium Voltage (12V - 24V) (2021-2030) ($MN)
17 Global Drone Battery Market Outlook, By High Voltage (Above 24V) (2021-2030) ($MN)
18 Global Drone Battery Market Outlook, By Application (2021-2030) ($MN)
19 Global Drone Battery Market Outlook, By Photography & Videography (2021-2030) ($MN)
20 Global Drone Battery Market Outlook, By Search & Rescue (2021-2030) ($MN)
21 Global Drone Battery Market Outlook, By Surveillance & Security (2021-2030) ($MN)
22 Global Drone Battery Market Outlook, By Delivery & Logistics (2021-2030) ($MN)
23 Global Drone Battery Market Outlook, By Infrastructure Inspection (2021-2030) ($MN)
24 Global Drone Battery Market Outlook, By Entertainment (2021-2030) ($MN)
25 Global Drone Battery Market Outlook, By Mapping & Surveying (2021-2030) ($MN)
26 Global Drone Battery Market Outlook, By Other Applications (2021-2030) ($MN)
27 Global Drone Battery Market Outlook, By End User (2021-2030) ($MN)
28 Global Drone Battery Market Outlook, By Individual Consumers (2021-2030) ($MN)
29 Global Drone Battery Market Outlook, By Commercial Organizations (2021-2030) ($MN)
30 Global Drone Battery Market Outlook, By Government Agencies (2021-2030) ($MN)
31 Global Drone Battery Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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