Press release
Drone Battery Market is expected to reach US$ 2,450.56 million by 2028
Growing Number of Drone Start-Ups Across Developing Regions to Provide Growth Opportunities for Drone Battery Market During 2022-2028A drone battery is one of the most important components in any drone system. It provides multiple power sources to the propellers for the drone to take flight for a limited period (~25-30 mins). Lithium-ion batteries are one of the most widely used battery types across the small drone (mini and micro) industry.
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The growing number of drone start-up companies is another major factor boosting drone production, ultimately catalyzing the drone battery market growth across the globe. For instance, between August 2021 and February 2022, India witnessed a strong increase of ~34% in its total number of drone start-ups. Such factors have been providing new opportunities for the drone battery market players in India. Further, the demand for LiPo batteries is expected to continue increasing during the forecast period due to their technological advantages, such as higher endurance, temperature resistance, and air pressure resistance. Such products are widely used in mini and micro quadcopters. Vendors are also majorly focusing on the development of LiPo battery products for different drone manufacturers.
The List of Companies - Drone Battery Market
• AMIT industries L.T.D
• Autel Robotics
• MMC-UAV
• SES AI Corporation
• Parrot Drone SAS
• Maxamps
• Shenzhen Grepow Battery Co
• DJI
• RRC Power Solutions
The rise in applications of drones across various industries is one of the major factors driving the drone battery market across the globe. Further, the demand for mini and micro drones is also propelled by the growth in demand from the end use industries. Several end users often face challenges in using the small sized drones with a limited operational time due to their battery operational limitations. To overcome this challenge the end users also keep additional charged batteries for immediate replacement at the time of battery discharge. This factor also acts as another factor that propels the drone battery market growth.
In addition, the introduction of large capacity batteries at a lower cost by local vendors across different regions is one of the major factors hindering the drone battery market growth. This restricts the customers to buy expensive battery solutions for their respective drone solutions. Low-cost batteries are also used as a substitute battery for drone operations. This is restraining the growth of drone battery market across different regions.
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The drone battery market analysis is segmented on the basis of drone type, battery type, battery capacity, and industry. Based on drone type, the drone battery market is divided into mini quad and micro quad. The mini quad segment held a larger revenue share in 2021. Based on battery type, the market is segmented into NiCad, NiMH, and LiPo. The LiPo segment contributed the largest drone battery market share in 2021. Based on battery capacity, the market is segmented into below 3,000 mAh, 3,000-5,000 mAh, 5,000-10,000 mAh, and above 10,000 mAh. The below 3000 mAh segment contributed the largest revenue share in 2021. Based on industry, the market is segmented into agriculture & forestry, infrastructure inspection, utilities, construction, mining, and others. In 2021, the agriculture & forestry segment led the market with largest drone battery market share.
Players operating in the drone battery market are mainly focused on the development of advanced and efficient products.
• In December 2022, DJI introduced a new drone named DJI Mini 3, which is a sub-249g drone, making it suitable for anyone to fly it anywhere. The drone has been designed to be highly portable, allowing for easy transportation and use in a variety of settings. The DJI Mini 3 is equipped with a 4K camera that captures high-quality footage and photos, and it can fly for up to 30 minutes on a single charge.
• In January 2019, CFD Research Corporation signed an exclusive agreement with EaglePicher Technologies to use its high-voltage battery materials.
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