Menu ×

ELECTRONICS & SMART DEVICES

Drone Battery Market Segmentation by Drone Type (Medium Altitude Long Endurance (MALE), High Altitude Long Endurance (HALE), Tactical, and Small); and by Battery Type (Fuel Cell, Lithium-Ion, Lithium-Polymer, and Nickel Cadmium) – Global Demand Analysis and Opportunity Outlook 2021-2029

  • Text Size:

Extensive insights into the Growth of Drone Battery Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

Read More

Drone Battery Market Highlights 2020-2029

The drone battery market is estimated to grow with a moderate CAGR during the forecast period, i.e., 2021-2029. Extensive production of UAVs in western countries and the increasing defense expenditure by governments are expected to fuel the progress of this market. The growth of the market can also be attributed to factors such as the growing need to enhance drone flight time and payload capacity. In August 2020, the Defense Innovation Unit, the U.S. Department of Defense organization, approved five drones for military and federal applications. The U.S. is one of the significant manufacturers of military drones, and it is also a leading exporter of drones to various countries across the globe.

Global-Drone-Battery-Market

The market is segmented based on drone type into medium altitude long endurance (MALE), high altitude long endurance (HALE), tactical, and small, out of which, medium altitude long endurance (male) is estimated to grab the most significant share by the end of 2021 on account of cost-effective technology. CLICK TO DOWNLOAD SAMPLE REPORT

Drone Battery Market Regional Synopsis

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The market in the Asia Pacific is predicted to grow at the highest CAGR over the forecast period owing to the increasing awareness about drones and the need to develop innovative defense technologies in the region. Furthermore, in 2021, the market in North America is evaluated to occupy the largest share in terms of revenue, owing to the growing investment of governmental and non-governmental agencies in defense research, accompanied by leading drone battery manufacturers in the region. Alternatively, the market in Europe is also anticipated to occupy a significant share in the drone battery market on account of its proven success in terms of battery development.  

Global-Drone-Battery-Market-Share

The global drone battery market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global drone battery market includes the following segments:

By Drone Type

  • Medium Altitude Long Endurance (MALE)
  • High Altitude Long Endurance (HALE)
  • Tactical
  • Small

By Battery Type

  • Fuel Cell
  • Lithium-Ion
  • Lithium-Polymer
  • Nickel Cadmium

Growth Drivers

  • Increasing defense expenditure by governments
  • Increasing production of UAVs

Challenges

  • Restriction of drone use in various countries
  • Heat & fire issues in lithium-powered batteries

Top Featured Companies Dominating the Market

  •  Amperex Technology Limited
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  •  Ballard Power Systems Inc.
  •  Parrot Drone SAS.
  •  SKYDIO, INC.
  •  Autel Robotics
  •  Genspow GmbH
  •  H3 Dynamics
  •  Yuneec Holding Ltd. Company
  •  OXIS Energy Ltd.

FREQUENTLY ASKED QUESTIONS


Related Reports


Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2021 Research Nester. All Rights Reserved