The drone batteries market is anticipated to be valued at US$ 6.3 billion in 2022 and to grow at a CAGR of 8.3% to US$ 14.1 billion by the end of 2032.The high utility of drones in disaster management, construction and other surveillance activity is likely to be a key driver for the global market over the forecast period.
Drones for future structures are becoming increasingly popular in the construction sector. Building managers will be able to meet project objectives more efficiently and quickly if sophisticated photography is used to scan construction sites and drones are used to follow activities throughout the construction lifecycle.
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Key Pioneers
Prominent drone batteries manufacturers are
- Amicell-Amit Industries Limited
- Amperex Technology Limited
- Autel Robotics
- Genspow GmbH
- Parrot
- Skydio
- SZ DJI Technology Co., Ltd.
- Uvify Inc.
- Venom Power
- Yuneec
Key Takeaways from Market Study
- The global drone batteries market is projected to expand at an impressive CAGR of 8.3% and be valued at US$ 14.1 billion by 2032.
- The market witnessed 5.4 % CAGR for the period of 2017-2021.
- Under LiPo and NiMH type of battery chemistry dominates the market and are valued at US$ 4.7 billion and US$ 1.0 billion in 2022.
- North America dominated the market with 35.1% market share in 2021.
- Together, the Commercial and Industrial are likely to represent 50.4% market share in 2022.
- Based on region, demand for drone battery is expected to increase at CAGRs of 6.9% and 5.5%, respectively, in North America and Europe.
Market Development
State-of-the-art technology and planning in design of batteries for drones is set to launch the drone batteries market at new heights by providing higher growth rate to the market over the long-run forecast period. Custom built drone batteries are anticipated to rise the consumption of drone batteries favouring the consumer needs and requirements. This is set to increase the demand by 20% from educational and institutional applications.
Also, spread of commercial sector wings over drone and inclusion of the same onto the field applications to push the market and provide long run headwinds to drone batteries market. The rise in demand from unconventional uses are expected to turn the tables nearing the brighter side and drive the long run demand of the drone batteries.
The world’s leading manufacturers of drone batteries products are employing sustainable technologies and optimization systems for diverse end users. Key manufacturers are focusing on developing new product designs to address problems in terms of product placement in harsh operating environments. Moreover, expertise and professionalism in planning, designing, and providing optimal pressure control solutions are at the backbone of their marketing strategies.
- In Apr. 2022, KVS Terratec, a global leader in geodata acquisition and analytics, has just announced the acquisition of Sevendof, a long-range drone infrastructure company, in a deal that will significantly increase the company’s competitiveness within a fast-growing market where unmanned aircraft (UA) are used for mapping and inspection purposes.
Industry Research
- By Drone Type :
- Mini Quad
- Micro Quad
- Commercial/Industrial
- Others
- By Battery Chemistry :
- NiCad
- NiMH
- LiPo
- By Battery Capacity :
- Below 3000 mAh
- 3000-5000 mAh
- 5000-10000 mAh
- Above 10000 mAh
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Key Questions Covered in the Drone Batteries Market Report
- What will be the estimated size of the Drone Batteries Market in 2022?
- At what rate will sales in the global Drone Batteries Market grow until 2032?
- Which are the factors hampering the demand in the artificial sweetener market?
- Which region will spearhead the growth in the global Drone Batteries Market during 2022-2032?
- Which are the factors driving sales in the Drone Batteries Market during the forecast period?
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