Overview and Scope
Drone lithium batteries refer to a specific type of rechargeable battery designed for use in unmanned aerial vehicles, commonly known as drones. These batteries typically use lithium-ion or lithium-polymer technology, offering high energy density, lightweight construction, and long-lasting power output.
Sizing and Forecast
The drone lithium battery market size has grown rapidly in recent years. It will grow from $4.82 billion in 2023 to $5.59 billion in 2024 at a compound annual growth rate (CAGR) of 16%. The growth in the historic period can be attributed to rising demand for drones across various industries increased consumer confidence and contributed to the acceptance of drone lithium batteries, growing adoption of drones for commercial applications, increasing awareness for electric-powered drones.
The drone lithium battery market size is expected to see rapid growth in the next few years. It will grow to $10.02 billion in 2028 at a compound annual growth rate (CAGR) of 15.7%. The growth in the forecast period can be attributed to emergence of urban air mobility, integration with 5G networks, demand for lightweight and compact batteries, demand for high-temperature performance, development of drone swarming technology. Major trends in the forecast period include technological advancements in drone batteries, growing number of drone start-ups, regulatory compliance.
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Segmentation & Regional Insights
The drone lithium battery market covered in this report is segmented –
1) By Battery Type: Lithium-Ion, Lithium-Polymer, Lithium–Sulfur
2) By Battery Capacity: Below 3,000 mAh, 3,000–5,000 mAh, Above 5,000 mAh
3) By Wing Type: Fixed Wing, Rotary Wing
4) By Drone Maximum Takeoff Weight (MTOW): Below 100 Kgs, 100–200 Kgs, Above 200 Kgs
5) By End Use: Military, Commercial
North America was the largest region in the drone lithium battery market in 2023. The regions covered in the drone lithium battery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing use of drones in commercial applications is expected to propel the growth of the drone lithium battery market going forward. Commercial usage of drones encompasses deploying unmanned aerial vehicles (UAVs) across diverse industries and sectors, leveraging their capabilities for efficient, safe, and cost-effective task execution compared to traditional methods. Lithium batteries are used in drones due to their high energy density, lightweight design, and ability to provide flight power. For instance, in May 2023, according to the UK drone survey consisting of 2,000 adults conducted by the Civil Aviation Authority (CAA), a UK-based government authority that oversees aviation activities to ensure safety and regulatory compliance, drone users across the UK increased to 5% in 2023 compared to 3% in 2021. Commercial drone deliveries are expected to grow 30% in 10 years, compared to 13% in 5 years. Moreover, filming and media drone users are expected to grow from 42% in 2022 to 46% in 2023. Therefore, the increasing use of drones in commercial applications is driving the growth of the drone lithium battery market.
Key Industry Players
Major companies operating in the drone lithium battery market are Sony Corporation, Panasonic Corporation, LG Chem Ltd., China Aviation Lithium Battery Co. Ltd. (CNHL), Samsung SDI Co. Ltd., HES Energy Systems Pte Ltd., Team Orion, SZ DJI Technology Co. Ltd., Max Amps Inc., Plug Power Inc., RRC Power Solutions GmbH, Horizon Hobby LLC, CTECHi Technology Co Ltd., Kokam Co. Ltd., Grepow Battery Co. Ltd., EnerDel Inc., Thunder Tiger Corp, Solid State PLC, Dualsky Motors, Hextronik Limited, Venom Group International, Tattu and Gens Ace, Thunder Power RC Corporation
The drone lithium battery market report table of contents includes:
1. Executive Summary
2. Drone Lithium Battery Market Characteristics
3. Drone Lithium Battery Market Trends And Strategies
4. Drone Lithium Battery Market – Macro Economic Scenario
5. Global Drone Lithium Battery Market Size and Growth
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32. Global Drone Lithium Battery Market Competitive Benchmarking
33. Global Drone Lithium Battery Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Drone Lithium Battery Market
35. Drone Lithium Battery Market Future Outlook and Potential Analysis
36. Appendix
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