UAV Battery Market To Rise at 16% CAGR | Key Countries Analysis By Ballard Power, Cella Energy, Denchi Power, Sion Power, Tadiran Batteries, OXIS Energy, H3 Dynamics, MicroMultiCopter, Hylium and Ultracharge

UAV Battery Market Research Report 2018 published By Market Research Future, provides information on Global UAV Battery Market By Industry Analysis, Market Growth and Opportunity Assessment, Segmentation by UAV Type (Medium-Altitude Long Endurance (MALE), High-Altitude Long Endurance (HALE), Tactical, Small), Battery Type (Fuel Cell, Lithium-ion, Nickle Cadmium, Lithium Polymer), & Region – Forecast till 2023

UAV Battery Market is estimated to witness a CAGR of 16% by 2023

The key players in global UAV battery market are Ballard Power Systems (Canada), Cella Energy Limited (U.K), Denchi Power Limited (U.K), Sion Power Corporation (U.S.), Tadiran Batteries (U.S.), OXIS Energy (U.K), H3 Dynamics (Singapore), Ultracharge (Australia), MicroMultiCopter Aero Technology Co. Ltd. (China), and Hylium Industries INC (South Korea).

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Market Highlights:

A battery is an integral part of Unmanned Aerial Vehicles (UAV) that consists of stored energy used to provide power during flight. The evolution of battery bus architecture in UAVs has simultaneously evolved their propulsion system. The increased need for improved endurance and longer flight duration have led to increasing demand for the development of UAV battery. The emergence of fuel cell powered drones will boost the market. The increased focus on battery with high specific energy will enable the manufacturers to offer new growth opportunities for the market players. However, there are some shortcomings such as high discharge rate, high cost, low endurance which will restrain the growth of this market.

The market for UAV Battery market is estimated to witness a CAGR of 16% during the forecast period.

Segments and Regional Analysis

The global UAV battery market is segmented into UAV type, battery type, and regions. Among the UAV type, the Medium-Altitude Long Endurance (MALE) UAV is most widely used and has the largest market share due to long duration flights at an altitude of 10,000-30,000 feet. In terms of segmentation based on battery type, the fuel cell is estimated to have the largest demand in the UAV battery market during the forecast period, due to increase in R&D spending in fuel cells. The main advantages offered by fuel cell powered UAVs include low maintenance, no lubricants, and higher flight duration, which can last to 8 hours. Cella Energy signed a contract with Israel Aerospace Industries (IAI) to develop and evaluate a fuel cell power system for IAI’s BirdEye Mini UAV.

On the basis of region, the market is segmented into North America, Asia Pacific, Europe, the Middle East & Africa, and South America. The North America region is expected to dominate the market in future, due to increased investment in drones. Asia Pacific region is presently second to North America in the global UAV battery market, and is estimated to trail North America during the forecast period due to extensive use of civilian UAVs and increased defense spending in regions such as Japan, South Korea, Malaysia, Singapore, Taiwan, and Indonesia.

Thus, the global UAV battery market is estimated to witness a CAGR of 16% from 2018 to 2023.

The scope of the Report

This study provides an overview of the Global UAV Battery Market, tracking two market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC), Middle East & Africa and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global UAV battery market by its UAV type, battery type, and region.

By UAV Type

• MALE
• HALE
• Tactical
• Small
By Battery Type

• Fuel Cell
• Lithium-ion
• Nickel Cadmium
• Lithium Polymer
By Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

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The report for Global UAV Battery Market of Market Research Future comprises extensive primary research, along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders; it helps the reader gain a deeper insight into the market and industry performance. The report gives a clear picture of current market scenario, including historical and projected market size in terms of value and volume, technological advancement, macroeconomic and governing factors in the market. The report provides detailed information and strategies of the top key players in the industry. The report also contains a broad study of the different market segments and regions.

Table Of Contents

1 Executive Summary

2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model

3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Intensity Of Competitive Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends

Continues....

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