Drone Battery Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
Drone battery market size is anticipated to grow at over 18% CAGR between 2024 and 2032 driven by the increasing adoption of drones across various sectors, including agriculture, delivery services, and surveillance. As drones become more integral to applications, such as precision farming, package delivery, and aerial inspections, there is a rising demand for high-performance batteries that offer longer flight times and greater reliability. For instance, in July 2024, Skyfront unveiled the Skyfront MagniPhy, its next-generation drone magnetometer solution.
As industries seek to leverage drones for tasks like infrastructure monitoring, environmental research, and emergency response, there is a continuous need for advanced battery solutions that can meet specific operational requirements. The growing emphasis on improving battery life, reducing charging times, and enhancing overall performance drives investments in R and D activities, which in turn accelerates the market growth.
The overall industry is classified into battery, capacity, drone type, application, and region
Based on battery, the drone battery market size from the nickle based segment is poised to grow between 2024 and 2032. This is due to its advantageous properties for high-performance applications. Nickel-based batteries, such as nickel-metal hydride (NiMH) and nickel-cobalt-aluminum (NCA) batteries offer high energy density and longer cycle life, which are crucial for extending drone flight times and ensuring reliable performance.
Drone battery market from the commercial drones application segment is set to witness a significant CAGR from 2024 to 2032. This is owing to the increasing use of drones in various business applications that require reliable, high-performance power sources. As commercial drones are deployed for tasks, such as aerial photography, surveying, agriculture, and infrastructure inspection, the demand for batteries with extended flight times, rapid charging capabilities, and enhanced durability is rising.
Asia Pacific drone battery industry is expected to accrue notable growth from 2024 to 2032 attributed to rapid expansion in technology adoption, increasing investment in drone applications, and supportive government policies. Countries in APAC, such as China and India, are leading advancements in drone technology and integrating drones into diverse industries, including agriculture, logistics, and environmental monitoring.
- Chapter 1 Methodology and Scope
- 1.1 Market scope and definition
- 1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
- 1.3 Base estimates and calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
- 1.4 Forecast model
- 1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources
- Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 - 2032
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.2.1 Component providers
- 3.2.2 Service provider
- 3.2.3 Raw material providers
- 3.2.4 End-user
- 3.3 Profit margin analysis
- 3.4 Technology and innovation landscape
- 3.5 Patent analysis
- 3.6 Key news and initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Technological advancements in batteries
- 3.8.1.2 Soaring demand for drones across industries
- 3.8.1.3 Supportive government policies to boost drone technology
- 3.8.1.4 Focus on recycling and sustainability
- 3.8.2 Industry pitfalls and challenges
- 3.8.2.1 High costs of batteries
- 3.8.2.2 Safety concerns due to flammable materials in batteries
- 3.9 Growth potential analysis
- 3.10 Porter’s analysis
- 3.11 PESTEL analysis
- Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
- Chapter 5 Market Estimates and Forecast, By Battery, 2021 - 2032 ($Bn, Units)
- 5.1 Key trends
- 5.2 Lithium-based
- 5.3 Nickel-based
- 5.4 Others
- Chapter 6 Market Estimates and Forecast, By Application, 2021 - 2032 ($Bn, Units)
- 6.1 Key trends
- 6.2 Consumer drones
- 6.3 Commercial drones
- 6.4 Military drones
- Chapter 7 Market Estimates and Forecast, By Capacity, 2021 - 2032 ($Bn, Units)
- 7.1 Key trends
- 7.2 Below 3000 mAh
- 7.3 3000-5000 mAh
- 7.4 Above 5000 mAh
- Chapter 8 Market Estimates and Forecast, By Drone Type, 2021 - 2032 ($Bn, Units)
- 8.1 Key trends
- 8.2 Fixed wing drone
- 8.3 Rotary wing
- 8.4 Hybrid wing
- Chapter 9 Market Estimates and Forecast, By Region, 2021 - 2032 ($Bn, Units)
- 9.1 Key trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Australia
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
- 9.6 MEA
- 9.6.1 UAE
- 9.6.2 South Africa
- 9.6.3 Saudi Arabia
- 9.6.4 Rest of MEA
- Chapter 10 Company Profiles
- 10.1 DJI
- 10.2 Parrot
- 10.3 Yuneec
- 10.4 Autel Robotics
- 10.5 Hubsan
- 10.6 Walkera
- 10.7 PowerVision
- 10.8 EHang
- 10.9 UAV Factory
- 10.10 Quantum Systems
- 10.11 Skycatch
- 10.12 AeroVironment
- 10.13 FLIR Systems
- 10.14 Draganfly Innovations
- 10.15 Flyability
- 10.16 Boeing (Insitu)
- 10.17 Lockheed Martin
- 10.18 Saft Batteries
- 10.19 Grepow Battery
- 10.20 Tattu (Gens Ace)
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