UAV Battery Market 2020 Future Trends, Dynamic Growth & Forecast To 2025 | Top Players: Ballard Power Systems, Denchi Power Limited, H3 Dynamics, Ultracharge, Tadiran Batteries, Cella Energy Limited

Increasing demand for long-lasting and efficient battery is expected to drive the growth of UAV battery market during the forecast period. This has resulted some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

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Batteries for UAVs or Unmanned Aerial Vehicles are expected to rise in demand significantly over forecasting period. Last year, the Indian government approved manufacturing of drones within the country with a clear framework on security requirements. With countries like India taking the lead of allowing drone manufacturing, and growing demand for drones in a wide variety of industries and applications, the UAV battery market is expected to witness significant growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

o Ballard Power Systems
o Cella Energy Limited
o Denchi Power Limited
o Tadiran Batteries
o H3 Dynamics
o Ultracharge
o Hylium Industries INC.

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. Different parameters are present to measure the performance of the drone battery such as specific energy, charge rate, cycle life, and cost per kilowatt-hour. Significant investment has been made on the development of battery with higher specific energy, which should lead to rapid growth during the forecast period.

Drones are widely in demand in various industries including construction, agriculture, emergency response, mapping, law enforcement, surveillance, and e-commerce as well. The drone technology may significantly surpass conventional ways of operation. For example, in e-commerce deliveries can be extremely expensive, sometimes outweighing the costs of ordered food or products. Moreover, the model may seem unsustainable to many over the long run. However, with the introduction of drones, vehicles and reliance on manual labor can be minimised to create significant opportunities for players in the UAV battery market.

Key Factors Impacting Market Growth:

o Growing demand for unmanned aerial vehicles
o Increasing demand for long-lasting and efficient battery

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Regional Outlook:

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.

Asia Pacific and Middle East region has witnessed tremendous growth of the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest-growing economies including China and India have been major markets for various end-use industries including building & construction, automotive, healthcare, manufacturing, and so on. Among these industries, Automotive & Automobile are estimated to register high demand for UAV battery market during the forecast period. On the other hand, Middle East region has witnessed diversification in terms of industrial outlook in recent decades.

Market Segmentation:

By UAV Type:
o MALE
o HALE
o Tactical
o Small

By Battery Type:
o Fuel Cell
o Lithium Ion
o Lithium Polymer
o Nickel Cadmium

By Region:

North America
o By Country (US, Canada, Mexico)
o By UAV Type
o By Battery Type

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By UAV Type
o By Battery Type

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By UAV Type
o By Battery Type

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By UAV Type
o By Battery Type

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By UAV Type
o By Battery Type

Rest of the World
o By Region (South America, Africa)
o By UAV Type
o By Battery Type

Reasons to Buy This Report:

o Market size estimation of the global UAV battery market on a regional and global basis
o The unique research design for market size estimation and forecast
o Profiling of major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

o By Segment
o By Sub-segment
o By Region/Country

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This release was published on openPR.