According to a new market research report published by Global Insight Services “Drone Battery Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A drone battery is a type of battery specifically designed for use in drones. Drone batteries typically have a higher energy density than other types of batteries, meaning that they can store more energy in a given amount of space. This is important for drones, as they need to be lightweight in order to fly. Drone batteries also typically have a higher discharge rate than other types of batteries, meaning that they can provide power for longer periods of time.
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Key Players
The major players in the drone battery market are Eaglepicher Technologies, Oxis Energy Ltd, Plug Power Inc, HES Energy Systems , Intelligent Energy, RRC Power Solutions, Micromulticopter Aero Technology Co., Ltd., SolidEnergy Systems, Sion Power, Doosan Mobility Innovation , Shenzhen Grepow Battery Co. Ltd., and Epsilor.
Key Trends
One of the main trends is increased capacity. This is being achieved through a variety of means such as using larger cells, more cells in parallel, and/or using higher energy density cells. This is important because it allows drones to fly for longer periods of time without needing to be recharged, which is critical for many commercial and industrial applications.
Another trend is improved safety. This is being achieved through better cell design and manufacturing processes, as well as improved battery management systems. This is important because it reduces the risk of fires and other accidents, which can be catastrophic.
Another trend is increased efficiency. This is being achieved through a variety of means such as better cell design, improved manufacturing processes, and/or the use of more efficient cells. This is important because it allows drones to fly longer while using less power, which is critical for many commercial and industrial applications.
Key Drivers
The key drivers of the drone battery market are the increasing demand for drones from various end-use industries, such as media and entertainment, agriculture, and others. The other drivers include the need for long flight time, increasing adoption of electric drones, and the development of new battery technologies.
The media and entertainment industry is one of the major end-use industries of drones. The industry is using drones for various applications such as live event coverage, aerial photography, and videography. Drones are also being used for news gathering and live sports coverage. The agricultural industry is using drones for crop mapping, field analysis, and crop spraying. Drones are also being used for search and rescue operations, delivery of goods, and disaster management.
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Market Segmentation
The Drone Battery market is segmented by drone type, battery chemistry, battery capacity and region. By Drone type, the market is divided into commercial, industrial, micro quad and mini quad. By battery chemistry, the market is bifurcated into LiPo, NiCad, NiMH. By battery capacity, the ,market is classified into 3,000-5,000 mAh, 5,000-10,000 mAh, Above 10,000 mAh and Below 3,000 mAh. Region-wise market is segmented into North America, Europe, Asia-Pacific and rest of the world.
Reasons to buy Drone Battery Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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