Drone Battery Market Analysis, Key Players, Share Dynamic Demand and Consumption by 2023 to 2032

Global Drone Battery Market is valued at USD 3.60 Billion in 2021 and is expected to reach USD 12.52 Billion by 2028 with a CAGR of 19.5% over the forecast period.

A drone's power system, which enables high altitude flight and powers its internal systems, is referred to as a drone battery.

Medium altitude long endurance (MALE), high altitude long endurance (HALE), tactical, and small drones are the most common models on the drone battery market. A UAV or drone that flies for 24 to 48 hours at an altitude of 10,000 to 30,000 feet is called a medium altitude long endurance (MALE) aircraft. Several battery types, including fuel cells, lithium-ion, lithium-polymer, and nickel-cadmium, are used in the various components, which also include cell, BMS, enclosure, and connector. Special-purpose drones, passenger drones, inspection and monitoring drones, surveying and mapping drones, agriculture drones, cargo air vehicles, and others are among the several functions that are included used by end users including the military, government, law enforcement, and business.

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This new report from The Business Research Company offers statistics on the drone battery market, including market size worldwide, regional shares, competitors with a drone battery market share, specific drone battery market segments, market trends and opportunities, and any other information you might require to succeed in the drone battery sector. This market research report on drone batteries offers a comprehensive view of everything you require, together with a thorough examination of the present and projected futures of the sector.

At least temporarily, the Russia-Ukraine conflict hampered the possibilities of a COVID-19 pandemic-related global economic rebound. Economic sanctions on a number of nations, an increase in commodity prices, and disruptions in the supply chain as a result of the conflict between these two nations have caused inflation in the prices of products and services and had an impact on numerous markets throughout the world. With a CAGR of 20.1%, the drone battery market is projected to reach $10.29 billion in 2027.

Future market expansion for drone batteries is anticipated to be fueled by the growing use of drones for commercial and defense purposes. Drones must be used for commercial and defense purposes in order to identify risky areas in remote locations, detect threats, carry out reconnaissance missions, find criminal activity, and manage crime. For instance, the drone industry is predicted to reach $100 billion by 2022, according to Goldman Sachs, a US-based investment banking firm. As a result, the market for drone batteries is expanding due to the growing use of drones for both commercial and defense purposes.

Market Segmentation

Global Drone Battery Market: Segmentations

Global Drone Battery Market: By Types
Below 3,000 mAh
3,000-5,000 mAh
5,000-10,000 mAh
Above 10,000 mAh

Global Drone Battery Market: By Applications
Small Drones
Micro Drones
Others

Global Drone Battery Market: Major Players
Amicell-Amit Industries Limited
Autel Robotics
Genspow GmbH
Parrot
Skydio
SZ DJI Technology Co., Ltd.
Uvify Inc.
Venom Power
Yuneec

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Global Drone Battery Market: By Regions
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors

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• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis

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