How much is the UAV Battery Market Worth? Keyplayers Covered Ballard Power Systems, Cella Energy Limited, H3 Dynamics, Kokam, OXIS Energy Ltd., Sion Power Corporation, and Tadiran Batteries

The global UAV Battery market was valued at US$ 817.7 million in 2017 and is projected to reach US$ 2,734.0 million by 2026, exhibiting a CAGR of 14.5% over the forecast period. Unmanned Aerial Vehicle (UAV) batteries are designed to support and power the UAV structure for a specific period of time which can be extended with the help of multiple batteries in UAVs. Increasing production of UAVs for deployment in the military across various regions is driving the UAV battery market growth.

Free sample copy can be downloaded here @ https://www.coherentmarketinsights.com/insight/request-sample/2820

The military expenditure for drone technologies has been increasing. For instance, the military budget announced by the U.S. government was US$ 583 billion in 2017, which was increased to US$ 640 billion in 2018. This will allow manufacturers of drones, UAVs and their components, higher opportunities to increase their contribution in the market share.

Increasing UAV production across various countries and regions is leading to high demand for different types of batteries. For instance, according to Worldwide Market Reports’ (WMR) analysis, the global military UAV production reached 3,117 units in 2017. In the UAV market, the U.S. accounted for the largest share of 37.8% by volume, and 41.9% by value, in 2017.

Moreover, Asia Pacific accounted for the second largest share in the UAV market in 2017, and is the second largest market for UAV batteries, followed by Europe and the rest of the world. Therefore, increasing production of UAVs across various regions is expected to drive growth of the global UAV battery market.

As per Coherent Market Insights, in 2015, the drone industry witnessed a steep growth due to the rule by Federal Aviation Administration (FAA), which granted new exemptions for companies to operate drones in the U.S. This factor is also expected to aid the market growth.

Some of the major players operating in the UAV battery market include Ballard Power Systems, Cella Energy Limited, Denchi Power Ltd., EaglePicher Technologies, H3 Dynamics, Kokam, OXIS Energy Ltd., Sion Power Corporation, and Tadiran Batteries GmbH.

Here customize or get discount on this report:
https://www.coherentmarketinsights.com/insight/request-customization/2820

Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
https://www.coherentmarketinsights.com/

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

This release was published on openPR.