How Has the Drone Lithium Battery Market Evolved Historically and What is its Current Size?
The drone lithium battery market has seen considerable growth due to a variety of factors.
• The market size for drone lithium batteries has seen a swift expansion in the past few years. Projections suggest that it will elevate from $5.59 billion in 2024 to $6.48 billion in 2025, a compound annual growth rate (CAGR) rising at 15.9%.
The past growth can be linked to the surge in demand for drones across multiple industries, a rise in consumer trust, and a broader acceptance of drone lithium batteries. The uptick is also due to the increased use of drones for commercial purposes and heightened awareness about drones powered by electricity.
What Does Future Hold for The Drone Lithium Battery Market By 2029?
The drone lithium battery market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the drone lithium battery market is anticipated to experience rapid expansion in the forthcoming years. It is projected to escalate to $11.6 billion in 2029 with a compound annual growth rate (CAGR) of 15.7%.
The growth during the projected period is owed to the rise of urban air mobility, the adaptation with 5G networks, the need for low weight compact batteries, the requirement for batteries that perform well at high-temperatures, and the evolution of drone swarming technology. Notable trends during this period include advancements in drone battery technology, increasing count of emerging drone start-ups, and adherence to regulations.
What Are The Primary Growth Drivers In The Drone Lithium Battery Market?
The growing prevalence of commercial drone applications is anticipated to spur developments in the drone lithium battery market. Such commercial uses consist of dispatching unmanned aerial vehicles (UAVs) across a variety of industries and sectors, relying on their potential for effective, secure, and cost-efficient performance in contrast to conventional techniques. Lithium batteries, because of their high energy density, compact framework, and ability to offer flight power, are employed in drones. For example, as per the Civil Aviation Authority (CAA), a UK's government body in charge of maintaining safety standards and regulatory adherence in aviation activities, a UK drone survey in May 2023 of 2,000 adults showed that UK drone users rose to 5% in 2023 from 3% in 2021. Commercial drone deliveries are presaged to expand by 30% over a decade, versus 13% over five years. Furthermore, drone usage for filming and media purposes is predicted to increase from 42% in 2022 to 46% in 2023. Hence, the escalating deployment of drones for commercial purposes is fostering the expansion of the drone lithium battery market.
What Is The Segmentation Of The Global Drone Lithium Battery Market?
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
Subsegments:
1) By Lithium-Ion (Li-ion): Standard Li-ion Batteries, High-Capacity Li-ion Batteries, Li-ion Batteries With Fast Charging Capabilities
2) By Lithium-Polymer (LiPo): Flexible LiPo Batteries, High-Energy Density LiPo Batteries, Light-Weight LiPo Batteries
3) By Lithium-Sulfur (Li-S): High-Capacity Li-S Batteries, Ultra-Light Li-S Batteries, Advanced Li-S Batteries For Longer Flight Time
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Which Emerging Market Trends Are Altering The Drone Lithium Battery Industry?
Leading corporations in the drone lithium battery industry are engaging in the advancement of efficient drone battery packs, leveraging Amprius's sophisticated silicon anode technology. This enhancement bolsters energy density and extends flight times, improving the overall life of the battery, and optimises drone performance for lengthier missions. Amprius's premier silicon anode technology indicates a high-energy battery model that swaps conventional graphite anodes with silicon, substantially amplifying energy density. This breakthrough ensures enhanced battery life and optimized performance for applications such as drones. For example, in September 2023, Amprius Technologies Inc, a company based in the United States and specializing in battery production, partnered with US-based Tenergy Corp to introduce an exceptional performance drone battery pack. This newly introduced battery pack is 31% lighter than other available options in the sector, thereby considerably enhancing flight efficiency and payload potential. It provides 6% additional energy capacity, enabling drones to function longer without needing a recharge, an essential aspect for various applications including commercial deliveries and surveillance tasks.
Who Are the Key Players In The Drone Lithium Battery Market?
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
What Are The Regional Insights Into The Drone Lithium Battery Market?
North America was the largest region in the drone lithium battery market in 2024. The regions covered in the drone lithium battery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
