Drone Batteries Market
Drone Batteries Market By Drone Type (Mini Quad, Micro Quad, Commercial), By Battery Chemistry (NiCad, NiMH, LiPo), By Battery Capacity (Below 3000 mAh, 3000 - 5000 mAh, 5000-10000 mAh, Above 10000 mAh)- Global Market Insights 2021 to 2031
Drone Batteries Market Outlook
Drone batteries are the bedrock of quadcopters, carefully selected to carry off and reach a successful balance between performance and flight time. These batteries are in different chemistries depending on the requirements of the operator.
Voluminous inclusion of drones in commercial industries and for recreational uses is set to bolster demand for drone batteries over the long-term forecast period.
Construction and commercial industry growth coupled with regional regulations set by respective regulatory boards is set to have a huge influence on the drone industry, implying the same on the requirement for drone batteries.
Apart from these, consumerism, supply chain, and other factors related to drone batteries have been tackled in the recently published report of Fact.MR.
Insights have been streamlined in the form of a timeline, where the report is drafted in historical (2016-2020) and forecast (2021-2031) terms.
The report tracks progress in 20+ high-growth markets, where North America, Europe, and East Asia are projected to do well, and also details the impact that the COVID-19 pandemic is having on this space.
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Future Projections Look Brighter than Historical Trends
Extensive penetration of drones for defense and public safety has strengthened the demand for batteries meant to operate them.
Over the past half-decade, the use of drones or Unmanned Aerial Vehicles for resource management and data collection has picked up major pace on a global level, heightening the need for drone batteries.
In the year 2020, COVID-19 hit the commercial industry, causing a domino effect to the drone and battery space in the 2nd quarter of the year; however, the industry started to pace up from the 3rd quarter after deploying drones to aid in breaking the chain of transmission.
After all things considered, analyzing the aggregate market for the same period has portrayed a modest growth in demand, except witnessing a dip in the year 2020.
In FY 2021, post COVID-19 peak; all industries have started to pick pace and close the gaps that resulted with the declaration of an emergency across most countries.
Demand for drone batteries is set to rumble proportionately with commercial and construction industries. Rise in investments in recreational use of drones has been observed over the period of Q1 of 2021, which is set to have a harmonious effect on the drone battery market over the coming years.
Forecast period assessment can be done by breaking down the period into three assessment periods i.e. Short-run, medium-run, and long-run.
Short-run: COVID-19 has affected the overall commercial industry, excluding daily essential products. The effect brought on by COVID-19 would be overcome by lifting bans, which is set to drive the sector back to the track by Q3 of 2021.
Medium-run: Due to rise in investments in construction industries and other commercial industries where drone implementation has a good fortune, the drone battery market will see greater heights by the mid-term forecast period.
Long-run: Comprehensive impact of product alternatives, up-gradation of regulations in a pool of countries, and other factors on the overall market have been discussed in detail in the report by Fact.MR.
Through 2021, the market is projected to expand at an impressive CAGR of over 8%.
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Why is Demand for Drone Batteries High in the U.S.?
The United States captures the demand sovereignty in both, North America and the globe, owing to strong positive network externalities of regional consumers. Apart from consumerism, regional regulations have a strong trade effect on the drone battery market.
In the past few decades, the regional market has espied headwinds owing to changes in policies regarding drones, and over the medium-term forecast period, the market is to reach greater heights and open more avenues for drone battery manufacturers. The market in the U.S. is expected to expand at a steady CAGR of around 7% through 2031.
Why are there Huge Prospects for Batteries for Drones in China?
China is also playing a big role in driving demand for drone batteries. Thriving regional economy, possession of advanced technologies, and ability to provide products at reasonable prices uphold the nation’s profile as a key flag bearer in the drone battery landscape.
After the United States, China holds the highest market share and ranks second in the world. Increased inclusion of combat drones for defense and public safety is allowing this regional market to surge ahead and strengthen its stance at both, regional and global levels.
How is Russia Faring in the Drone Landscape?
Europe holds a prominent position in the global market, with Russia grabbing a notable piece of the cake and significant potential demand ratio for drone batteries in the region. The country’s interest in developing drone technology for commercial applications will make it one of the global leaders, implying the same for drone batteries as well.
Apart from technological advancements and innovation for commercial industries, the defense sector of the nation is set to steer demand for drone batteries over the coming years.
Accounting to the aforementioned regional factors, this regional market is assessed to grow at a rate of close to 8% over the long-term forecast period.
Why are LiPo batteries more sought-after over NiCad and NiMH?
LiPo attracts most drone manufacturers and customized drone makers. The appealing factors of LiPo batteries are their high energy density, high power to weight ratio, being pliable, and characteristics of high capacity, thus offering high power holding. Unlike Li-Ion batteries, LiPo batteries also offer safety from explosion.
In addition, LiPo batteries can be manufactured in customized shapes and sizes. All these factors have led to this segment holding over 70% market share, which will rise to close to 80% by 2031.
Why are commercial drone batteries expected to witness notable demand in the future?
Commercial drones are expected to behold a prodigious append in industrial applications. Ongoing experimental runs, innovative advancements, and discussions among regulatory bodies to countenance the ply of drones for commercial usage are set to pump up the threshold of drones, compelling the same with drone batteries.
Recreational use is also in the race to push drone batteries to encounter greater opulence. With defense being the eternal segment for drones, the market for drone batteries will flourish over the years to come.
What are the notable barriers for drone battery manufacturers?
One of the predominant barriers that has a notable effect on the drone battery landscape is drones themselves. Regulations set by regulatory bodies on drones have a great influence on the demand for drone batteries.
Increased concerns of governments regarding the privacy of citizens is set to hinder the drone fleet, emanating the effect on the demand for drone batteries across regions.
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Historical Data Available for
US$ Mn for Value & ‘000 Units for Volume
Key Regions Covered
Key Countries Covered
Key Segments Covered
Key Companies Profiled
Customization & Pricing
Available upon Request
- Mini Quad
- Micro Quad
- Below 3,000 mAh
- 3,000-5,000 mAh
- 5,000-10,000 mAh
- Above 10,000 mAh
- North America
- Latin America
- East Asia
- South Asia & Oceania
- FAQs -
Among the mentioned criteria of drones for fragmenting drone batteries, commercial drone batteries account for higher demand and market share. Increasing adoption of drones in commercial industries is set to uphold the segment over the long-term foreca
The potential region to set up a drone battery manufacturing plant is China. Envisaged drone-relevant practices impel and succor shifting of production facilities to the country.
In addition, enriched and inexpensive technology presence and o
Manufacturers of drone batteries try to maintain burnished relation with suppliers of raw materials and notable clients through long-term agreements. A mix of both, organic and inorganic strategies, is also being notarized in the market.
If the use of drones is restricted, it is as plain as a pikestaff that demand for drone batteries will also be scattered.
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