Drone Battery Market by Technology, Component, Battery Capacity, Drone Type, Distribution Channel

List of Tables

[180 Pages Report] The Drone Battery Market size was estimated at USD 7.04 billion in 2023 and expected to reach USD 8.40 billion in 2024, at a CAGR 19.90% to reach USD 25.08 billion by 2030.

The drone battery refers to energy storage systems used in various types of drones to provide extended flight times, improved performance, and greater safety to drones. Increasing adoption of drones for recreational purposes and professional applications such as remote sensing and inspection tasks has increased the demand for drone batteries worldwide. Advances in battery technology to provide more power at a lighter weight, ultimately contributing to longer flight durations for drones. In addition, supportive government regulations allowing increased commercial usage of drones and the growing demand for efficient aerial surveillance systems in the defense sector led to increased utilization of military-purpose drones. However, high costs associated with the raw materials and safety concerns associated with drone batteries, such as thermal runaway incidents, limit the product penetration worldwide. Drone battery manufacturers' focus on innovations in areas such as improving energy densities of existing battery chemistries or developing novel solid-state batteries with better safety characteristics is expanding the scope of the drone battery market. In addition, leveraging advanced materials or innovative manufacturing techniques to reduce overall weight while maintaining high energy density in drone battery manufacturing is expected to create growth opportunities for the drone battery market in the coming years.

KEY MARKET STATISTICS
Base Year [2023]	USD 7.04 billion
Estimated Year [2024]	USD 8.40 billion
Forecast Year [2030]	USD 25.08 billion
CAGR (%)	19.90%

Technology: Growing preference for lithium-based batteries due to their high energy density and lightweight construction

Fuel cell technology is ideal for applications requiring long endurance and minimal downtime, such as aerial surveillance, mapping, and search-and-rescue missions. Fuel cell batteries use hydrogen as a fuel source that reacts with oxygen to generate electricity, emitting water vapor as the primary byproduct. Lithium-based batteries are the common choice for drones due to their high energy density, lightweight construction, and relatively low cost. These batteries are best suited for recreational flying or short-duration professional tasks, including aerial photography or inspections where rapid recharging is essential. Nickel-based batteries have been widely used in various industries for their durability, high discharge rates, and ability to operate in extreme temperatures. However, nickel-based batteries are less popular for drone applications owing to their lower energy density and heavier weight than lithium-based batteries. They may be preferred when the operating environment requires a more robust battery solution, including in firefighting or military drones.

Drone Type: Extensive use of drone batteries in rotary-wing drones

Fixed-wing drones are designed with a rigid structure that provides lift through forward motion. These drones offer an advantage in flight endurance, typically allowing them to operate longer than their rotary-wing counterparts. Therefore, fixed-wing drone batteries require higher energy density and capacity to facilitate longer flights. Rotary-wing drones utilize rotor systems to generate lift and maneuverability. Although these drones have less flight endurance than fixed-wing models, they excel in flexibility by offering vertical takeoff and landing capabilities (VTOL). Rotary-wing drone batteries prioritize power-to-weight ratio over energy density or capacity due to their agility requirements.

Regional Insights

The drone battery market in the Americas is rapidly growing due to a surge in commercial and industrial use of drones across various sectors, such as agriculture, infrastructure inspection, and surveillance. The significant rise in the usage of drones across the Americas is developing massive demand for drone batteries in the region. Europe, the Middle East, and Africa are experiencing increased adoption of drones for eCommerce deliveries. The European Commission recently launched the U-space program to create safe traffic management systems for unmanned aircraft systems (UAS), highlighting the region's commitment to supporting drone technology advancements. The Middle East and Africa region is observing an increased demand for drones, particularly in the oil & gas sector, where they are used for inspection and monitoring. The Asia-Pacific region observes growing investments in drone manufacturing and houses major players. Asian economies have been focusing on improving agricultural productivity by extensively using drones and enhancing their energy efficiency. The ongoing research and development for material and manufacturing advances in drone batteries are expected to create growth opportunities for the drone battery market in the Asia-Pacific.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Drone Battery Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Drone Battery Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Drone Battery Market, highlighting leading vendors and their innovative profiles. These include AMIT Industries LTD., Amprius Technologies, Inc., Autel Robotics, Doosan Mobility Innovation Co. Ltd., EaglePicher Technologies, Enix Power, Epsilor-Electric Fuel Ltd., Gelion PLC, HES Energy Systems Pte. Ltd., Homeland Surveillance & Electronics LLC, Honeywell International Inc., Hylium Industries, Inc., Intelligent Energy Limited by Meditor Group, Inventus Power, Jackvolt, KULR Technology Group Inc., LG Chem Ltd, Magnipower Technology LLP, MaxAmps, Montavista Energy Technologies Corporation, Plug Power Inc., RRC Power Solutions GmbH, SES AI Corporation, Shenzhen Grepow Battery Co., Ltd., and Texas Instruments Incorporated.

Market Segmentation & Coverage

This research report categorizes the Drone Battery Market to forecast the revenues and analyze trends in each of the following sub-markets:

Technology
- Fuel Cell
- Lithium-based
  - Lithium-Ion
  - Lithium-Polymer
  - Lithium-Sulphur

Nickel-based
- Nickel-Cadmium
- Nickel-Hydride

Component
- Battery Management System
- Cell
- Connectors
- Enclosure

Battery Capacity
- 3,000-5,000 mAh
- 5,000-10,000 mAh
- Above 10,000 mAh
- Below 3,000 mAh

Drone Type
- Fixed-Wing
- Rotary-Wing
  - Multi Rotor
  - Single Rotor
Distribution Channel
- Aftermarket
- Original Equipment Manufacturer (OEM)

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Drone Battery Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Drone Battery Market?

3. What are the technology trends and regulatory frameworks in the Drone Battery Market?

4. What is the market share of the leading vendors in the Drone Battery Market?

5. Which modes and strategic moves are suitable for entering the Drone Battery Market?

Product Code: MRR-BB6269D13CCF

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Potential demand attributed to increasing adoption of drones in agricultural and cinematography sectors
  - 5.1.1.2. Rising expenditure on defense sectors for monitoring and surveillance worldwide
  - 5.1.1.3. Supportive government initiatives and programs for drone deployments
- 5.1.2. Restraints
  - 5.1.2.1. High cost associated with drone battery manufacturing and installation
- 5.1.3. Opportunities
  - 5.1.3.1. Emergence of technological advancements in drone batteries for longer life
  - 5.1.3.2. Emerging usage of drones for eCommerce delivery purposes
- 5.1.4. Challenges
  - 5.1.4.1. Safety issues associated with drone batteries
5.2. Market Segmentation Analysis
- 5.2.1. Technology: Growing preference for lithium-based batteries due to their high energy density and lightweight construction
- 5.2.2. Drone Type: Extensive use of drone batteries in rotary-wing drones
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Drone Battery Market, by Technology

6.1. Introduction
6.2. Fuel Cell
6.3. Lithium-based
6.4. Nickel-based

7. Drone Battery Market, by Component

7.1. Introduction
7.2. Battery Management System
7.3. Cell
7.4. Connectors
7.5. Enclosure

8. Drone Battery Market, by Battery Capacity

8.1. Introduction
8.2. 3,000-5,000 mAh
8.3. 5,000-10,000 mAh
8.4. Above 10,000 mAh
8.5. Below 3,000 mAh

9. Drone Battery Market, by Drone Type

9.1. Introduction
9.2. Fixed-Wing
9.3. Rotary-Wing

10. Drone Battery Market, by Distribution Channel

10.1. Introduction
10.2. Aftermarket
10.3. Original Equipment Manufacturer (OEM)

11. Americas Drone Battery Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Drone Battery Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Drone Battery Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. Amprius Unveiled Revolutionary Battery Pack in Partnership with Tenergy at CUAV Las Vegas
- 14.3.2. KULR Partners with Provider of Drone-Powered Package Delivery Services to Develop High-Capacity Lithium Battery Packs
- 14.3.3. Montavista Launches a New Line of Lithium Metal Battery Products, Increasing Flight Time of a Commercial Drone by 60~80 %
14.4. Strategy Analysis & Recommendation

15. Competitive Portfolio

15.1. Key Company Profiles
15.2. Key Product Portfolio