Drone Battery Market
Drone Battery Market Size, Share & Trends Analysis Report by Technology (Lithium-based, Nickel-based, and Fuel Cell), by Drone Type (Fixed-wing, Fixed-wing VTOL, and Rotary-wing), and by Component (Cell, Battery Management Systems (BMS), Enclosure, and Connector) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Drone battery market is anticipated to grow at a CAGR of 20.1% during the forecast period. The growing establishment of start-ups across the globe is the major factor driving the growth of the market. Start-up companies are involving in development and launch of new product which will drive the drone battery market. For instance, in July 2020, StoreDot, an Israeli start-up battery and materials company launched an ultra-fast charging (UFC) solution, a FlashBattery technology which reduces the drone charging time. Generally, the charging time of a drone is 60 to 90 minutes which is too far longer time to charge a drone, so to reduce its company offers an ultra-fast charging solution which can charge a commercial drone in five minutes. Adding on the company developed metalloid nanotechnology alloys, which have similar properties to silicone, known for high diffusion and low resistance.
Additionally, in April 2019, Cuberg, a start-up, with backing from Boeing, venture capitalists, and the U.S. Department of Energy launched a vertical drone powered by a lithium metal battery. The drone with a lithium metal battery flew 70 % longer than the one powered by a lithium-ion battery. The use of lithium metal batteries reduces the excess weight, which makes it an essential ingredient to be used in electric aircraft, flying taxis, and large military cargo drones.
Segmental Outlook
The global drone battery market is segmented based on the technology, drone type and component. Based on the technology, the market is sub-segmented into lithium-based, nickel-based, and fuel cells. Based on the drone type, the market is sub-segmented into fixed-wing, fixed-wing Vtol, and rotary-wing. Based on components, the market is further sub-segmented into a cell, BMS, enclosure, and connector.
Among the component, the battery management system (BMS) sub-segment is expected to hold a considerable share in the market due to the rising focus on monitoring important parameters of batteries such as current, voltage, temperature, state of health, and state of charge. BMS is mainly required for the Lithium-ion-based batteries as they are commonly used in drones and have a high energy density, high volume density, low self-discharge, and high efficiency. However, lithium-ion batteries possess high energy carrying capacity and are more dangerous than other batteries, thus requiring thorough monitoring to ensure that they are operating within their set safe operating limit. Failure to do so may outcome in fire risks and outbursts, that’s the reason battery management system is important. Adding on battery management system is important while charging the battery to monitor charge imbalance and temperature difference in cells of the battery pack.
Regional Outlooks
The global drone battery market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. The North America region is expected to grow at a significant CAGR in the drone battery market during the forecast period, owing to the increasing adoption of drones for commercial and defense applications in the region.
Global Drone Battery Market Growth, by Region 2022-2028
North America is Expected to Grow at a Significant CAGR in the Global Drone Battery Market
Among all regions, the North American region is expected grow at a significant CAGR during the forecast period. The presence of drone battery market players such as Eaglepicher Technologies, Plug Power Inc., Sion Power Corp, and others is accelerating the growth of the drone battery market by launching new products in the market. For instance, in April 2019, Ballard Unmanned Systems, Inc., a subsidiary of Ballard Power Systems, Inc. launched FCair fuel cell product line, long duration fuel cell power solution for drones. It includes a fuel cell power system, hydrogen storage vessels, pressure regulators, refuelling solutions and hydrogen gas supply. Additionally, the Ballard Unmanned Systems, Inc. product line also includes FCair-600 and FCair-1200 liquid-cooled fuel cell power systems and offers 600 and 1200 watts of power.
Market Players Outlook
The major companies serving the global drone battery market include Doosan Mobility Innovation Co., Ltd., Amperex Technology Ltd., Shenzhen Grepow Battery Co., Ltd., Yuneec International Co., Ltd., Sion Power Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in October 2020, Honeywell International Inc. acquired assets from Ballard Unmanned Systems, a wholly owned subsidiary of Southborough, Mass.-based Ballard Power Systems Inc. The acquired company designs and produces industry-leading, stored-hydrogen proton exchange membrane fuel cell systems. Through this acquisition, Honeywell International Inc. plans to enter the hydrogen fuel cells segmental market.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global drone battery market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Drone Battery Market by Technology
4.1.1. Lithium-based
4.1.2. Nickel-based
4.1.3. Fuel Cell
4.2. Global Drone Battery Market by Drone Type
4.2.1. Fixed-Wing
4.2.2. Fixed-Wing VTOL
4.2.3. Rotary-Wing
4.3. Global Drone Battery Market by Component
4.3.1. Cell
4.3.2. Battery Management Systems (BMS)
4.3.3. Enclosure
4.3.4. Connector
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Amit Industries Ltd
6.2. Amperex Technology Ltd.
6.3. Autel Robotics Co., Ltd.
6.4. Doosan Mobility Innovation Co., Ltd.
6.5. Eaglepicher Technologies
6.6. Epsilor-Electric Fuel Ltd.
6.7. Hes Energy Systems
6.8. Honeywell International Inc.
6.9. Intelligent Energy Ltd
6.10. Parrot Drones Sas
6.11. Plug Power Inc.
6.12. Rrc Power Solutions Gmbh
6.13. Ses Ai Corp
6.14. Shenzhen Grepow Battery Co., Ltd.
6.15. Sion Power Corp
6.16. Skydio, Inc.
6.17. Sz Dji Technology Co., Ltd.
6.18. Uvify Inc.
6.19. Venom Power
6.20. Yuneec International Co., Ltd.
1. GLOBAL DRONE BATTERY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
2. GLOBAL LITHIUM-BASED DRONE BATTERY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL NICKEL-BASED DRONE BATTERY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL FUEL CELL-BASED DRONE BATTERY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL DRONE BATTERY MARKET RESEARCH AND ANALYSIS BY DRONE TYPE, 2021-2028 ($ MILLION)
6. GLOBAL FIXED-WING DRONE BATTERY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL FIXED-WING VTOL DRONE BATTERY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL ROTARY-WING DRONE BATTERY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL DRONE BATTERY MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
10. GLOBAL DRONE BATTERY CELL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL DRONE BMS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL DRONE BATTERY ENCLOSURE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL DRONE BATTERY CONNECTOR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL DRONE BATTERY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. NORTH AMERICAN DRONE BATTERY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. NORTH AMERICAN DRONE BATTERY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
17. NORTH AMERICAN DRONE BATTERY MARKET RESEARCH AND ANALYSIS BY DRONE TYPE, 2021-2028 ($ MILLION)
18. NORTH AMERICAN DRONE BATTERY MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
19. EUROPEAN DRONE BATTERY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. EUROPEAN DRONE BATTERY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
21. EUROPEAN DRONE BATTERY MARKET RESEARCH AND ANALYSIS BY DRONE TYPE, 2021-2028 ($ MILLION)
22. EUROPEAN DRONE BATTERY MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC DRONE BATTERY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC DRONE BATTERY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC DRONE BATTERY MARKET RESEARCH AND ANALYSIS BY DRONE TYPE, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC DRONE BATTERY MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
27. REST OF THE WORLD DRONE BATTERY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
28. REST OF THE WORLD DRONE BATTERY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
29. REST OF THE WORLD DRONE BATTERY MARKET RESEARCH AND ANALYSIS BY DRONE TYPE, 2021-2028 ($ MILLION)
30. REST OF THE WORLD DRONE BATTERY MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
1. GLOBAL DRONE BATTERY MARKET SHARE BY TECHNOLOGY, 2021 VS 2028 (%)
2. GLOBAL LITHIUM-BASED DRONE BATTERY MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL NICKEL-BASED DRONE BATTERY MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL FUEL CELL-BASED DRONE BATTERY MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL DRONE BATTERY MARKET SHARE BY DRONE TYPE, 2021 VS 2028 (%)
6. GLOBAL FIXED-WING DRONE BATTERY MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL FIXED-WING VTOL DRONE BATTERY MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL ROTARY-WING DRONE BATTERY MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL DRONE BATTERY MARKET SHARE BY COMPONENT, 2021 VS 2028 (%)
10. GLOBAL DRONE BATTERY CELL MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL DRONE BMS MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL DRONE BATTERY ENCLOSURE MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL DRONE BATTERY CONNECTOR MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. GLOBAL DRONE BATTERY MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. US DRONE BATTERY MARKET SIZE, 2021-2028 ($ MILLION)
16. CANADA DRONE BATTERY MARKET SIZE, 2021-2028 ($ MILLION)
17. UK DRONE BATTERY MARKET SIZE, 2021-2028 ($ MILLION)
18. FRANCE DRONE BATTERY MARKET SIZE, 2021-2028 ($ MILLION)
19. GERMANY DRONE BATTERY MARKET SIZE, 2021-2028 ($ MILLION)
20. ITALY DRONE BATTERY MARKET SIZE, 2021-2028 ($ MILLION)
21. SPAIN DRONE BATTERY MARKET SIZE, 2021-2028 ($ MILLION)
22. REST OF EUROPE DRONE BATTERY MARKET SIZE, 2021-2028 ($ MILLION)
23. INDIA DRONE BATTERY MARKET SIZE, 2021-2028 ($ MILLION)
24. CHINA DRONE BATTERY MARKET SIZE, 2021-2028 ($ MILLION)
25. JAPAN DRONE BATTERY MARKET SIZE, 2021-2028 ($ MILLION)
26. SOUTH KOREA DRONE BATTERY MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF ASIA-PACIFIC DRONE BATTERY MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF THE WORLD DRONE BATTERY MARKET SIZE, 2021-2028 ($ MILLION)
