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Drone Batteries Market

Drone Batteries Market

Drone Battery Market, Forecast, Trend, Analysis & Competition Tracking -Global Market Insights 2021 to 2031

Drone Batteries Market
FACT1887MR
  • Feb-2021
  • List of Tables : 114
  • List of Figures : 192
  • 170 Pages
  • Technology

About the Report

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.

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%.

drone battery market region

Country-wise Analysis

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.

drone battery market type

Category-Wise Insights

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.

Avail customized purchase options for your needs

Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Mn for Value & ‘000 Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA

Key Countries Covered

  • U.S.
  • China
  • U.K.

Key Segments Covered

  • By Drone Type
  • By Battery Chemistry
  • By Battery Capacity
  • By Region

Key Companies Profiled

  • Amicell-Amit Industries Limited
  • Amperex Technology Limited
  • Autel Robotics
  • Genspow GmbH
  • Parrot
  • Skydio
  • SZ DJI Technology Co., Ltd.
  • Uvify Inc.
  • Venom Power
  • Yuneec

Customization & Pricing

Available upon Request

Key Segments

Drone Type

  • Mini Quad
  • Micro Quad
  • Commercial/Industrial
  • Others

Battery Chemistry

  • NiCad
  • NiMH
  • LiPo

Battery Capacity

  • Below 3,000 mAh
  • 3,000-5,000 mAh
  • 5,000-10,000 mAh
  • Above 10,000 mAh

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA

Drone Battery Market- Scope of Report

A recent study by Fact.MR on the drone battery market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market.

This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of drone batteries.

The study also provides the dynamics that are responsible for influencing the future status of the drone battery market over the forecast period.

A detailed assessment of the value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies operating in the drone battery market, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the drone battery market across the globe.

A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of drone batteries during the forecast period. Price point comparison by region along with global average price is also considered in the study.

Analysis on Market Size Evaluation

The drone battery market has been analyzed for each market segment in terms of volume (‘000 Units) and Value (US$ Mn).

Estimations of the market at global and regional levels are available in terms of “US$ Mn” for value and “’000 Units” for volume.

The report comes incorporated with Y-o-Y growth contrast on prominent segments along with market attractiveness evaluation.

As an add-on, the report even includes absolute dollar opportunity, which plays a crucial role in assessing the level of opportunity that an actor can look to achieve, alongside identifying potential resources, considering the sales and distribution perspective in the global drone battery market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the drone battery market report, which have helped deliver projections on regional markets.

These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the drone battery market during the forecast period.

Country-specific valuation on demand for drone batteries has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries.

For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value & volume for emerging countries has also been included in the report.

In-depth Analysis on Competitive Landscape

The report sheds light on the leading manufacturers of drone batteries, along with their detailed profiles

. Essential and up-to-date data related to market performers who are principally engaged in the production of drone batteries has been brought with the help of a detailed dashboard view.

Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolio and key strategies, along with all-inclusive SWOT analysis on each player.

Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the drone battery market.

- 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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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

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