UAV Battery Market Analysis By Manufacturers Ballard Power Systems, Cella Energy Limited, Denchi Power, EaglePicher Technologies, H3 Dynamics

A drone or an unmanned aerial vehicle (UAV) refers to a non-pilot aircraft which comprises of combined technologies such as computer vision, object avoidance technology, and artificial intelligence. Drones have been used for military applications over a decade, such as the Predator UAV. Defense forces are now increasing adoption of small drone/UAV technologies for the purpose of conducting surveillance and reconnaissance during missions, which is expected to drive the market for UAV batteries during the forecast period.

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.

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The global UAV battery market is expected to witness significant growth during the forecast period (2018-2026). The market growth is attributed to increasing demand for high performance, long duration flight time UAVs for military applications. Furthermore, as per Coherent Market Insights, growth of the UAV battery market is also propelled by the drone industry growth, whose production was pegged at 2.2 million units in 2016, and is expected to witness high growth during the forecast period (2018-2026).

Increasing military expenditure by governments across the globe is creating lucrative opportunities for market players in the global UAV battery market. Increasing adoption of UAVs for strengthening defense and military capabilities, is a major factor that is expected to aid the growth of the market. The adoption rate of UAVs is high in North America and Asia Pacific due to high military expenditure in these regions. For instance, according to WMR's analysis, the U.S. military budget was announced as US$ 583 billion in 2017, which was later increased to US$ 640 billion in 2018. Moreover, the defense budget announced by the government of India in 2017 was US$ 52.5 billion, which increased from US$ 51.1 billion in 2016. Increasing budget for defense and military purposes has led to a high expenditure on UAVs and other related technologies, which is expected to drive growth of the market.

What does all the regional segmentation cover? Can the country of specific interest be added?
Currently, the research report pays particular attention to the following regions:
North America (United States, Canada, Mexico), Europe (Germany, United Kingdom, France, Italy, Russia, Spain, etc.), South America (Brazil, Argentina, etc.) and Middle East and Africa (Saudi Arabia, South Africa, etc.)
** A country of specific interest can be included at no additional cost. For the inclusion of more regional segments, quotes may vary.

Increasing use of UAVs to perform patrolling operations at borders is expected to drive the market growth

Increasing demand for UAVs in border forces such as army, navy, and air force around the world for intelligence, reconnaissance, and surveillance purposes is expected to boost growth of the market. Moreover, increasing demand for electronic surveillance and high number of missions performed by drones is also expected to increase the market growth. For instance, according to WMR analysis, the U.S. Customs and Border Protection (CBP) agency completed 635 drone missions in 2017, which was the highest number of missions performed with drones till date.

Some of the key players operating in the Global 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.

Can we add or profile a new company according to our needs?
Yes, we can add or profile a new company according to customer needs in the report. Final confirmation should be provided by the research team depending on the difficulty of the investigation.
** The availability of data will be confirmed by research in the case of a private company. Up to 3 players can be added at no additional cost.

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