Drone Battery Market Forecasts to 2030 – Global Analysis By Drone Type (Fixed-Wing Drones, Multirotor Drones, Hybrid VTOL (Vertical Takeoff and Landing) Drones, Nano Drones and Other Drone Types), Battery Type, Voltage, Application, End User and By Geogra

Drone Battery Market Forecasts to 2030 – Global Analysis By Drone Type (Fixed-Wing Drones, Multirotor Drones, Hybrid VTOL (Vertical Takeoff and Landing) Drones, Nano Drones and Other Drone Types), Battery Type, Voltage, Application, End User and By Geography


According to Stratistics MRC, the Global Drone Battery Market is accounted for $5.84 billion in 2023 and is expected to reach $12.53 billion by 2030 growing at a CAGR of 22.4% during the forecast period. A drone battery is a rechargeable energy storage device specifically designed to power unmanned aerial vehicles (UAVs), commonly known as drones. These batteries typically utilize lithium-ion technology due to its high energy density and lightweight properties, essential for sustaining flight. Drone batteries are crucial components, providing the necessary power for propulsion, stabilization, and onboard systems such as cameras or sensors. They come in various shapes, sizes, and capacities, tailored to the specific requirements of different drone models.

According to a study conducted by Consumer Product Safety Commission (CPSC), 200 drone incidents took place between 2012 and 2017. 50% of these incidents took place during charging.

Market Dynamics:

Driver:

Growing shift towards sustainable technologies

Manufacturers are increasingly focused on developing drone batteries with reduced environmental impact, utilizing alternative materials and recycling processes. This emphasis on sustainability aligns with the broader trend towards environmentally conscious practices, thereby attracting environmentally conscious consumers and businesses. As a result, the drone battery market is witnessing increased adoption of sustainable battery technologies, creating opportunities for innovation and market expansion.

Restraint:

Safety concerns

Safety concerns in drone batteries primarily revolve around the risk of fire, explosion, and thermal runaway, particularly with lithium-based chemistries. Issues like overcharging, short circuits, and physical damage can trigger these hazards. Such incidents not only pose safety risks to users and property but also damage the reputation of drone technology and hinder regulatory acceptance. Heightened safety concerns lead to stricter regulations, increased scrutiny, and reluctance among potential users, thus impeding market growth.

Opportunity:

Rise in e-commerce and delivery services

The rise in e-commerce and delivery services fuels the need for efficient and reliable power sources to enable unmanned aerial vehicles (UAVs) to perform deliveries. Drone batteries with longer flight times and higher energy densities are essential to support the extended operational range required for delivery drones. As e-commerce companies increasingly explore drone delivery solutions to enhance logistics and reduce delivery times, the demand for advanced drone batteries is expected to grow substantially, driving market expansion in the drone battery sector.

Threat:

Cost constraints

Cost constraints in drone batteries stem from the high initial investment required for research, development, and manufacturing of advanced battery technologies. Additionally, the cost of materials such as lithium-ion compounds and rare earth elements contributes to the overall expense. These high costs can deter potential buyers, particularly in industries with tight budgets, limiting market penetration. Moreover, competitive pricing pressure from alternative power sources and traditional fuel-powered drones can hinder market growth.

Covid-19 Impact

The covid-19 pandemic exerted a mixed impact on the drone battery market. Initially, disruptions in global supply chains and decreased manufacturing capacity hampered battery production, leading to shortages. However, as the pandemic progressed, increased demand for drones for various applications such as surveillance, delivery, and monitoring fuelled market growth. Overall, while facing initial challenges, the drone battery market experienced growth due to evolving market needs during the pandemic.

The fixed-wing drones segment is expected to be the largest during the forecast period

The fixed-wing drones segment is estimated to have a lucrative growth. Fixed-wing drones are unmanned aerial vehicles (UAVs) designed with a fixed-wing structure similar to traditional airplanes. They offer longer flight times and higher speeds compared to multirotor drones due to their aerodynamic design. Their efficient flight capabilities make them ideal for applications where endurance and range are crucial. Their ability to cover vast distances efficiently makes them indispensable tools in various industries.

The surveillance & security segment is expected to have the highest CAGR during the forecast period

The surveillance & security segment is anticipated to witness the highest CAGR growth during the forecast period. Drones play a pivotal role in surveillance and security, enabled by advanced battery technology. These batteries power the drone's propulsion system and onboard surveillance equipment, such as cameras and sensors, ensuring uninterrupted operation during critical missions. Efficient batteries are indispensable in bolstering the effectiveness and versatility of drones in surveillance and security operations.

Region with largest share:

The Asia-Pacific region's drone battery market is experiencing rapid growth, fuelled by increasing demand for drones in various sectors, including agriculture, construction, and surveillance. With technological advancements driving the adoption of drones for commercial and industrial purposes, there's a corresponding surge in demand for reliable and high-performance batteries. Government initiatives promoting drone technology and supportive regulatory frameworks further propel market expansion.

Region with highest CAGR:

The North American drone battery market is witnessing significant growth, driven by the widespread adoption of drones across various industries. The region's robust regulatory framework and supportive government initiatives bolster adoption, fostering a conducive environment for market growth. Additionally, advancements in battery management systems and safety features ensure reliability and longevity, addressing concerns about drone operation. Key market players continually innovate to meet the evolving demands of North America's dynamic drone industry.

Key players in the market

Some of the key players profiled in the Drone Battery Market include Da-Jiang Innovations Science and Technology Corporation (DJI), Tenergy Corporation, Panasonic Corporation, AeroVironment Inc., Ballard Power Systems Inc., Oxis Energy Limited, Tattu (Gens Ace), LithiumWerks, Lithium Polymer Battery Corporation (LPB), EnerSys, SMA Solar Technology AG, Zippy Flightmax, MaxAmps, Amprius Technologies Inc., Kokam Corporation and Parrot SA.

Key Developments:

In April 2024, Chinese drone manufacturer DJI has launched the DJI Power 1000 and 500, 'versatile' powerbanks designed for fast-charging drones and common appliances, and an entirely new product line for the company.

In September 2023, Amprius Technologies, Inc. has announced its high-energy density cells have been integrated into a state-of-the-art battery pack produced by Tenergy. The Tenergy x Amprius battery was unveiled at the Commercial UAV Expo (CUAV) in Las Vegas, the offering a 31% reduction in weight while still carrying a 6% greater energy than comparable packs.

Drone Types Covered:
• Fixed-Wing Drones
• Multirotor Drones
• Hybrid VTOL (Vertical Takeoff and Landing) Drones
• Nano Drones
• Other Drone Types

Battery Types Covered:
• Lithium Polymer (LiPo) Batteries
• Lithium-ion (Li-ion) Batteries
• Nickel-Cadmium (NiCd) Batteries
• Nickel-Metal Hydride (NiMH) Batteries
• Other Battery Types

Voltages Covered:
• Low Voltage (Below 12V)
• Medium Voltage (12V - 24V)
• High Voltage (Above 24V)

Applications Covered:
• Photography & Videography
• Search & Rescue
• Surveillance & Security
• Delivery & Logistics
• Infrastructure Inspection
• Entertainment
• Mapping & Surveying
• Other Applications

End Users Covered:
• Individual Consumers
• Commercial Organizations
• Government Agencies
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Drone Battery Market, By Drone Type
5.1 Introduction
5.2 Fixed-Wing Drones
5.3 Multirotor Drones
5.4 Hybrid VTOL (Vertical Takeoff and Landing) Drones
5.5 Nano Drones
5.6 Other Drone Types
6 Global Drone Battery Market, By Battery Type
6.1 Introduction
6.2 Lithium Polymer (LiPo) Batteries
6.3 Lithium-ion (Li-ion) Batteries
6.4 Nickel-Cadmium (NiCd) Batteries
6.5 Nickel-Metal Hydride (NiMH) Batteries
6.6 Other Battery Types
7 Global Drone Battery Market, By Voltage
7.1 Introduction
7.2 Low Voltage (Below 12V)
7.3 Medium Voltage (12V - 24V)
7.4 High Voltage (Above 24V)
8 Global Drone Battery Market, By Application
8.1 Introduction
8.2 Photography & Videography
8.3 Search & Rescue
8.4 Surveillance & Security
8.5 Delivery & Logistics
8.6 Infrastructure Inspection
8.7 Entertainment
8.8 Mapping & Surveying
8.9 Other Applications
9 Global Drone Battery Market, By End User
9.1 Introduction
9.2 Individual Consumers
9.3 Commercial Organizations
9.4 Government Agencies
9.5 Other End Users
10 Global Drone Battery Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Da-Jiang Innovations Science and Technology Corporation (DJI)
12.2 Tenergy Corporation
12.3 Panasonic Corporation
12.4 AeroVironment Inc.
12.5 Ballard Power Systems Inc.
12.6 Oxis Energy Limited
12.7 Tattu (Gens Ace)
12.8 LithiumWerks
12.9 Lithium Polymer Battery Corporation (LPB)
12.10 EnerSys
12.11 SMA Solar Technology AG
12.12 Zippy Flightmax
12.13 MaxAmps
12.14 Amprius Technologies Inc.
12.15 Kokam Corporation
12.16 Parrot SA
List of Tables
Table 1 Global Drone Battery Market Outlook, By Region (2021-2030) ($MN)
Table 2 Global Drone Battery Market Outlook, By Drone Type (2021-2030) ($MN)
Table 3 Global Drone Battery Market Outlook, By Fixed-Wing Drones (2021-2030) ($MN)
Table 4 Global Drone Battery Market Outlook, By Multirotor Drones (2021-2030) ($MN)
Table 5 Global Drone Battery Market Outlook, By Hybrid VTOL (Vertical Takeoff and Landing) Drones (2021-2030) ($MN)
Table 6 Global Drone Battery Market Outlook, By Nano Drones (2021-2030) ($MN)
Table 7 Global Drone Battery Market Outlook, By Other Drone Types (2021-2030) ($MN)
Table 8 Global Drone Battery Market Outlook, By Battery Type (2021-2030) ($MN)
Table 9 Global Drone Battery Market Outlook, By Lithium Polymer (LiPo) Batteries (2021-2030) ($MN)
Table 10 Global Drone Battery Market Outlook, By Lithium-ion (Li-ion) Batteries (2021-2030) ($MN)
Table 11 Global Drone Battery Market Outlook, By Nickel-Cadmium (NiCd) Batteries (2021-2030) ($MN)
Table 12 Global Drone Battery Market Outlook, By Nickel-Metal Hydride (NiMH) Batteries (2021-2030) ($MN)
Table 13 Global Drone Battery Market Outlook, By Other Battery Types (2021-2030) ($MN)
Table 14 Global Drone Battery Market Outlook, By Voltage (2021-2030) ($MN)
Table 15 Global Drone Battery Market Outlook, By Low Voltage (Below 12V) (2021-2030) ($MN)
Table 16 Global Drone Battery Market Outlook, By Medium Voltage (12V - 24V) (2021-2030) ($MN)
Table 17 Global Drone Battery Market Outlook, By High Voltage (Above 24V) (2021-2030) ($MN)
Table 18 Global Drone Battery Market Outlook, By Application (2021-2030) ($MN)
Table 19 Global Drone Battery Market Outlook, By Photography & Videography (2021-2030) ($MN)
Table 20 Global Drone Battery Market Outlook, By Search & Rescue (2021-2030) ($MN)
Table 21 Global Drone Battery Market Outlook, By Surveillance & Security (2021-2030) ($MN)
Table 22 Global Drone Battery Market Outlook, By Delivery & Logistics (2021-2030) ($MN)
Table 23 Global Drone Battery Market Outlook, By Infrastructure Inspection (2021-2030) ($MN)
Table 24 Global Drone Battery Market Outlook, By Entertainment (2021-2030) ($MN)
Table 25 Global Drone Battery Market Outlook, By Mapping & Surveying (2021-2030) ($MN)
Table 26 Global Drone Battery Market Outlook, By Other Applications (2021-2030) ($MN)
Table 27 Global Drone Battery Market Outlook, By End User (2021-2030) ($MN)
Table 28 Global Drone Battery Market Outlook, By Individual Consumers (2021-2030) ($MN)
Table 29 Global Drone Battery Market Outlook, By Commercial Organizations (2021-2030) ($MN)
Table 30 Global Drone Battery Market Outlook, By Government Agencies (2021-2030) ($MN)
Table 31 Global Drone Battery Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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