The Business Research Company’s report on the Drone Battery Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the drone battery market further?
The increase in the 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 battery market.
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What are the key factors influencing the forecasted market size of the drone battery industry?
The drone battery market size has grown exponentially in recent years. It will grow from $6.01 billion in 2024 to $7.36 billion in 2025 at a compound annual growth rate (CAGR) of 22.5%. The growth in the historic period can be attributed to growth in agricultural sector, regulatory support, rise in defense budgets, rise in recreational activities, economic growth.
The drone battery market size is expected to see exponential growth in the next few years. It will grow to $15.65 billion in 2029 at a compound annual growth rate (CAGR) of 20.8%. The growth in the forecast period can be attributed to rising military and defense sector, increasing r&d investments, rise in e-commerce, rising need for surveillance, rise in disposable income. Major trends in the forecast period include rapid advancements in battery chemistry, battery safety and fire mitigation, swappable battery systems, wireless charging technologies, ai battery management.
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Who are the leading competitors in the drone battery market?
Major companies operating in the drone battery market include Amperex Technology Limited, Skydio Inc., Yuneec International Co. Ltd., SolidEnergy Systems Corporation, Genspow GmbH, H3 Dynamics Holdings Pte Ltd, Epsilor Electric Fuel Ltd., Shenzhen Grepow Battery Co Ltd., EaglePicher Technologies LLC, RRC power solutions GmbH, Amicell-Amit Industries Limited, UVify Inc., Zhejiang Gens Ace Technology Co. Ltd., Intelligent Energy Holdings plc, Denchi Power Ltd., Kokam Co. Ltd., Sion Power Corporation, Tadiran Batteries GmbH, Autel Robotics USA LLC, Parrot SA, Venom Group International, SZ DJI Technology Co. Ltd., Doosan Mobility Innovation Inc., HES Energy Systems Ltd., Envision AESC Group Limited
Which emerging trends are set to transform the drone battery market landscape?
Major companies operating in the drone battery market are focusing on developing innovative solutions, such as lithium metal battery products, to enhance energy density, extend flight times, and improve overall performance for various commercial and industrial drone applications. Lithium Metal Battery products refer to advanced batteries that use lithium metal as the anode, offering higher energy density compared to traditional lithium-ion batteries. For instance, in March 2023, Montavista Energy Technologies Corporation, a China-based start-up company, launched the METARY P series of lithium metal batteries, which significantly enhance the flight time of commercial drones by 60 to 80% compared to traditional lithium-ion batteries. These advanced batteries feature a high specific energy of over 400 Wh/kg and high specific power, enabling drones to operate longer and perform better during demanding maneuvers. The METARY P series incorporates a lithium metal anode and a non-flammable liquid electrolyte, ensuring both safety and performance.
How do different geographies compare in terms of market share and growth potential in the drone battery market?
North America was the largest region in the drone battery market in 2024. North America is expected to be the fastest-growing region in the drone battery market share during the forecast period. The regions covered in the drone battery market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Which major segments of the drone battery market are experiencing the fastest growth?
The drone battery market covered in this report is segmented –
1) By Component: Cell, BMS, Enclosure, Connector
2) By Battery: Fuel Cell, Lithium-Ion, Lithium-Polymer, Nickel Cadmium
3) By Drone Type: Medium Altitude Long Endurance (MALE), High Altitude Long Endurance (HALE), Tactical, Small
4) By Function: Special Purpose Drones, Passenger Drones, Inspection And Monitoring Drones, Surveying And Mapping Drones, Agriculture Drones, Cargo Air Vehicles, Other Functions
5) By End-User: Commercial, Military, Government and Law Enforcement, Other End Users
Subsegments:
1) By Cell: Lithium Polymer (LiPo) Cells, Lithium-Ion (Li-ion) Cells, Nickel-Metal Hydride (NiMH) Cells
2) By BMS (Battery Management System): Voltage Monitoring Systems, Temperature Monitoring Systems, State of Charge (SoC) Management Systems
3) By Enclosure: Rigid Enclosures, Flexible Enclosures, Waterproof Enclosures
4) By Connector: JST Connectors, Deans Connectors, XT60 Connectors, Anderson Powerpole Connectors
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How is the drone battery market defined?
A drone battery refers to the power system of a drone that allows the drone to fly high and runs the drone’s onboard systems. The purpose of a drone battery is to provide the necessary electrical power to operate a drone’s motors, sensors, communication systems, and other onboard electronics.
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