Europe Uav Battery Market Forecast 2022-2030

Europe Uav Battery Market Forecast 2022-2030

KEY FINDINGS

The Europe UAV battery market is estimated to project a 15.51% CAGR during the forecast period, 2022 to 2030. The rising demand for long-range and long-endurance battery systems and significant investments in fuel cell and solar power R&D propel the market growth.

MARKET INSIGHTS

The Europe UAV battery market growth estimations entail the analysis of Italy, Germany, Spain, France, Nordic Countries, Poland, United Kingdom, and Rest of Europe. Several UAV companies in France are working toward developing cutting-edge UAV technologies and investing heavily in the UAV battery sector to overcome range and endurance challenges. Applications such as mapping, precision agriculture, aerial surveillance, etc., produce lucrative opportunities in the France market. These applications also demand battery options to achieve operational efficacy.

Furthermore, agriculture, energy, e-commerce, mobility, entertainment, and security are a few of the diverse uses of UAVs in Spain, including homeland security for aerial and underwater surveillance. In January 2022, Spain formally approved a $3.5 billion budget for its role in developing, manufacturing, and supporting a European medium-altitude, long-endurance drone. Therefore, government investments in the Spain UAV market are anticipated to further accelerate the market growth of UAV batteries.

On the other hand, Italy announced its plans in September 2021 to arm its reaper drones. Rome’s detailed plan of spending $69 million over the next seven years on the project added to the total outlay, raising it to €168 million. Moreover, local police in Italy have permitted drones to monitor citizens’ movements during the coronavirus pandemic. These developments, sponsored by the Italian government, are expected to boost the growth of the Italy UAV battery market.

COMPETITIVE INSIGHTS

Some key market players include BAE Systems, Thales Group, Intelligent Energy, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments