Drone Battery Market Demand Supply Growth Factors Latest Rising Trend and Forecast to 2028

The global "Drone Battery Market" was valued at US$ 994.97 million in 2022 and is expected to reach US$ 2,450.56 million by 2028; it is expected to register a CAGR of 16.2% from 2022 to 2028.

In the past years, drones had limited applications. When drones were first introduced, they were strictly used for military purposes for training, target practices, air strikes, bomb detection, surveillance, and more. However, with the adoption of technologies, drones are being used in several other industries, which is fueling the drone battery market growth. Drones are now used in construction, agriculture, mining, entertainment, photography, and several other sectors, which have gained the attention of entrepreneurs to launch drone solutions into the market and grow their businesses with the rising demand for drones. Therefore, there is a rise in drone startups across various regions. For instance, in June 2022, Money Control stated that there was an increase of ~34% in the number of drone startups in India, with 220 drone startups between August 2021 and February 2022.

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Companies Profiled in this report includes:

• AMIT industries L.T.D
• Autel Robotics
• MMC-UAV
• SES AI Corporation
• Parrot Drone SAS
• Maxamps
• Shenzhen Grepow Battery Co
• DJI
• RRC Power Solutions

Rising use of drones across various industries and growing number of competitors are a few factors expected to encourage startups to provide cost-efficient and better drone solutions to customers as a competitive advantage in the coming years. They will try to reach more industries and customers by increasing their production of drones that can be used across several industries. The production of drones is directly proportional to the production of drone batteries. Thus, the growing number of drone startups can create a lucrative opportunity for the drone battery market growth.

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Drone Battery Market Segmentation:

By Drone Type:
• Mini Quad
• Micro Quad

By Battery Type:
• NiCad
• NiMH
• LiPo

By Battery Capacity:
• Below 3,000 mAh
• 3,000-5,000 mAh
• 5,000-10,000 mAh
• Above 10,000 mAh

By Industry:
• Agriculture and Forestry
• Infrastructure Inspection
• Utilities
• Construction
• Mining

Several industry players are engaged in introducing various technologies to ease workflow and boost productivity. The growing population across the globe is remarkably impacting the demand for the drone solutions from construction, agriculture, mining, and many other industries. To cater to this enormously increasing demand for drones, industry players are engaged in using them to save time and cost to generate more productivity. For more efficient working, the inclusion of smart batteries in drones is likely to boost the drone battery market size in the coming years.

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