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Drone Battery Market Share, Opportunities Analysis, Recent Trends, Regional Growth And Outlook By 2033
Drone Battery Market
As per the report, the drone battery market size has grown exponentially in recent years. It will grow from $4.99 billion in 2023 to $6.12 billion in 2024 at a compound annual growth rate (CAGR) of 22.7%. The drone battery market size is expected to see exponential growth in the next few years. It will grow to $13.34 billion in 2028 at a compound annual growth rate (CAGR) of 21.5%.
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Growing Adoption Of Drones In Commercial And Defense Applications Fuels Drone Battery Market Growth
The increase in the adoption of drones for commercial and defense applications is expected to propel the growth of the drone batteries market going forward. The adoption of drones for commercial and defense applications is required to detect threats, identify risk-prone areas of remote locations, conduct reconnaissance missions, track illegal activities, and to control crime. For instance, according to Goldman Sachs, a US-based Investment banking company, the drone sector is expected to reach $100 billion by 2022. Therefore, the increasing adoption of drones for commercial and defense applications drives the growth of the drone battery market.
Axon Partners With Skydio To Provide Autonomous Drones For Law Enforcement And Emergency Services
Strategic partnerships have emerged as the key trend gaining popularity in the drone batteries market. Major companies operating in the drone batteries sector are focused on partnerships to meet consumer demand and strengthen their position. For instance, in March 2021, Axon, a US-based provider of electronic control devices, partnered with Skydio, a US-based drone manufacturer. Through this partnership, Skydio's autonomous drones will be available to law enforcement and emergency services through Axon's unmanned aircraft program, Axon Air. Neuron Energy Launches LIPO HV Battery for High-Performance Drone Applications
The drone battery market covered in this report is segmented -
1) By Component: Cell, BMS, Enclosure, Connector
2) By Battery: Fuel Cell, Lithium-Ion, Lithium-Polymer, Nickel Cadmium
3) By Drone Type: Medium Altitude Long Endurance (MALE), High Altitude Long Endurance (HALE), Tactical, Small
4) By Function: Special Purpose Drones, Passenger Drones, Inspection And Monitoring Drones, Surveying And Mapping Drones, Agriculture Drones, Cargo Air Vehicles, Other Functions
5) By End-User: Commercial, Military, Government and Law Enforcement, Other End Users
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Major companies operating in the drone battery market include Skydio Inc., Yuneec International Co. Ltd., SolidEnergy Systems Corporation, Genspow GmbH, H3 Dynamics Holdings Pte Ltd, Plug Power Inc., Epsilor Electric Fuel Ltd., Shenzhen Grepow Battery Co Ltd., EaglePicher Technologies LLC, RRC power solutions GmbH, Proflight Zambia Limited, Amicell-Amit Industries Limited, UVify Inc., Zhejiang Gens Ace Technology Co. Ltd., Intelligent Energy Holdings plc, Ballard Power Systems Inc., Cella Energy Limited, Denchi Power Ltd., Kokam Co. Ltd., OXIS Energy Ltd., Sion Power Corporation, Tadiran Batteries GmbH, Autel Robotics USA LLC, Parrot SA, Venom Group International, SZ DJI Technology Co. Ltd., Doosan Mobility Innovation Inc., HES Energy Systems Ltd., Envision AESC Group Limited
Contents of the report:
1. Executive Summary
2. Drone Battery Market Report Structure
3. Drone Battery Market Trends And Strategies
4. Drone Battery Market - Macro Economic Scenario
5. Drone Battery Market Size And Growth
…..
27. Drone Battery Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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