The global drone battery market size is expected to grow from $3.19 billion in 2021 to $3.95 billion in 2022 at a compound annual growth rate (CAGR) of 23.9%. The global drone batteries market size is expected to grow to $8.15 billion in 2026 at a CAGR of 19.9%.
What is the Global Drone Battery Market?
The drone battery market consists of sales of drone batteries by entities (organizations, sole traders, and partnerships) that are used to power the drone’s onboard systems. The drone battery is referred to as the life force of a drone and allows the drone to fly high. The batteries used in drones are composed of hydrogen fuel cells, lithium-ion, lithium polymer, and nickel-metal hydride.
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What drives the Global Drone Battery Market?
The increasing 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 batteries market.
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Global Drone Battery Market Segments
The global drone battery market is segmented:
By Component: Cell, BMS, Enclosure, Connector
By Battery: Fuel Cell, Lithium-Ion, Lithium-Polymer, Nickel Cadmium
By Drone Type: Medium Altitude Long Endurance (MALE), High Altitude Long Endurance (HALE), Tactical, Small
By Function: Special Purpose Drones, Passenger Drones, Inspection and Monitoring Drones, Surveying and Mapping Drones, Agriculture Drones, Cargo Air Vehicles, Others
By End-User: Commercial, Military, Government and Law Enforcement, Others
By Geography: The regions covered in the drone battery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Drone Battery Global Market Report 2022provides market size and growth forecasts for the global drone battery market, global drone battery market share, drone battery market segments and geographies, drone battery market competitive landscape including leading competitors’ revenues, profiles and market shares. The drone battery market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Drone Battery Industry Playersinclude Amperex Technology Limited, Skydio, Yuneec International, SolidEnergy Systems, Genspow GmbH, H3 Dynamics, Plug Power, Epsilor, Shenzhen Grepow Battery Co. Ltd., Eagle Picher, RRC power solutions GmbH, Proflight Zambia, Amicell-Amit Industries Limited, Uvify Inc., and GensAce. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
