The drone battery global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Drone Battery Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The drone battery market size has grown exponentially in recent years. It will grow from $4.99 billion in 2023 to $6.12 billion in 2024 at a compound annual growth rate (CAGR) of 22.7%. The growth in the historic period can be attributed to growth in agricultural sector, regulatory support, rise in defense budgets, rise in recreational activities, economic growth.
The drone battery market size is expected to see exponential growth in the next few years. It will grow to $13.34 billion in 2028 at a compound annual growth rate (CAGR) of 21.5%. The growth in the forecast period can be attributed to rising military and defense sector, increasing r&d investments, rise in e-commerce, rising need for surveillance, rise in disposable income. Major trends in the forecast period include rapid advancements in battery chemistry, battery safety and fire mitigation, swappable battery systems, wireless charging technologies, ai battery management.
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Scope Of Drone Battery Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Drone Battery Market Overview
Market Drivers –
The increase in the adoption of drones for commercial and defense applications is expected to propel the growth of the drone batteries market going forward. The adoption of drones for commercial and defense applications is required to detect threats, identify risk-prone areas of remote locations, conduct reconnaissance missions, track illegal activities, and to control crime. For instance, according to Goldman Sachs, a US-based Investment banking company, the drone sector is expected to reach $100 billion by 2022. Therefore, the increasing adoption of drones for commercial and defense applications drives the growth of the drone battery market.
Market Trends –
Strategic partnerships have emerged as the key trend gaining popularity in the drone batteries market. Major companies operating in the drone batteries sector are focused on partnerships to meet consumer demand and strengthen their position. For instance, in March 2021, Axon, a US-based provider of electronic control devices, partnered with Skydio, a US-based drone manufacturer. Through this partnership, Skydio’s autonomous drones will be available to law enforcement and emergency services through Axon’s unmanned aircraft program, Axon Air. Neuron Energy Launches LIPO HV Battery for High-Performance Drone Applications
The drone battery market covered in this report is segmented –
1) By Component: Cell, BMS, Enclosure, Connector
2) By Battery: Fuel Cell, Lithium-Ion, Lithium-Polymer, Nickel Cadmium
3) By Drone Type: Medium Altitude Long Endurance (MALE), High Altitude Long Endurance (HALE), Tactical, Small
4) By Function: Special Purpose Drones, Passenger Drones, Inspection And Monitoring Drones, Surveying And Mapping Drones, Agriculture Drones, Cargo Air Vehicles, Other Functions
5) By End-User: Commercial, Military, Government and Law Enforcement, Other End Users
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Regional Insights –
North America was the largest region in the drone battery market in 2023. North America is expected to be the fastest-growing region in the drone battery market share during the forecast period. The regions covered in the drone battery market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the drone battery market include Amperex Technology Limited, Skydio Inc., Yuneec International Co. Ltd., SolidEnergy Systems Corporation, Genspow GmbH, H3 Dynamics Holdings Pte Ltd, Plug Power Inc., Epsilor Electric Fuel Ltd., Shenzhen Grepow Battery Co Ltd., EaglePicher Technologies LLC, RRC power solutions GmbH, Proflight Zambia Limited, Amicell-Amit Industries Limited, UVify Inc., Zhejiang Gens Ace Technology Co. Ltd., Intelligent Energy Holdings plc, Ballard Power Systems Inc., Cella Energy Limited, Denchi Power Ltd., Kokam Co. Ltd., OXIS Energy Ltd., Sion Power Corporation, Tadiran Batteries GmbH, Autel Robotics USA LLC, Parrot SA, Venom Group International, SZ DJI Technology Co. Ltd., Doosan Mobility Innovation Inc., HES Energy Systems Ltd., Envision AESC Group Limited
Table of Contents
1. Executive Summary
2. Drone Battery Market Report Structure
3. Drone Battery Market Trends And Strategies
4. Drone Battery Market – Macro Economic Scenario
5. Drone Battery Market Size And Growth
…..
27. Drone Battery Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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