Drone Battery Market Forecasts to 2030 - Global Analysis By Drone Type (Fixed-Wing Drones, Multirotor Drones, Hybrid VTOL Drones, Nano Drones and Other Drone Types), Battery Type, Voltage, Application, End User and By Geography

According to Stratistics MRC, the Global Drone Battery Market is accounted for $5.84 billion in 2023 and is expected to reach $12.53 billion by 2030 growing at a CAGR of 22.4% during the forecast period. A drone battery is a rechargeable energy storage device specifically designed to power unmanned aerial vehicles (UAVs), commonly known as drones. These batteries typically utilize lithium-ion technology due to its high energy density and lightweight properties, essential for sustaining flight. Drone batteries are crucial components, providing the necessary power for propulsion, stabilization, and onboard systems such as cameras or sensors. They come in various shapes, sizes, and capacities, tailored to the specific requirements of different drone models.

According to a study conducted by Consumer Product Safety Commission (CPSC), 200 drone incidents took place between 2012 and 2017. 50% of these incidents took place during charging.

Market Dynamics:

Driver:

Growing shift towards sustainable technologies

Manufacturers are increasingly focused on developing drone batteries with reduced environmental impact, utilizing alternative materials and recycling processes. This emphasis on sustainability aligns with the broader trend towards environmentally conscious practices, thereby attracting environmentally conscious consumers and businesses. As a result, the drone battery market is witnessing increased adoption of sustainable battery technologies, creating opportunities for innovation and market expansion.

Restraint:

Safety concerns

Safety concerns in drone batteries primarily revolve around the risk of fire, explosion, and thermal runaway, particularly with lithium-based chemistries. Issues like overcharging, short circuits, and physical damage can trigger these hazards. Such incidents not only pose safety risks to users and property but also damage the reputation of drone technology and hinder regulatory acceptance. Heightened safety concerns lead to stricter regulations, increased scrutiny, and reluctance among potential users, thus impeding market growth.

Opportunity:

Rise in e-commerce and delivery services

The rise in e-commerce and delivery services fuels the need for efficient and reliable power sources to enable unmanned aerial vehicles (UAVs) to perform deliveries. Drone batteries with longer flight times and higher energy densities are essential to support the extended operational range required for delivery drones. As e-commerce companies increasingly explore drone delivery solutions to enhance logistics and reduce delivery times, the demand for advanced drone batteries is expected to grow substantially, driving market expansion in the drone battery sector.

Threat:

Cost constraints

Cost constraints in drone batteries stem from the high initial investment required for research, development, and manufacturing of advanced battery technologies. Additionally, the cost of materials such as lithium-ion compounds and rare earth elements contributes to the overall expense. These high costs can deter potential buyers, particularly in industries with tight budgets, limiting market penetration. Moreover, competitive pricing pressure from alternative power sources and traditional fuel-powered drones can hinder market growth.

Covid-19 Impact

The covid-19 pandemic exerted a mixed impact on the drone battery market. Initially, disruptions in global supply chains and decreased manufacturing capacity hampered battery production, leading to shortages. However, as the pandemic progressed, increased demand for drones for various applications such as surveillance, delivery, and monitoring fuelled market growth. Overall, while facing initial challenges, the drone battery market experienced growth due to evolving market needs during the pandemic.

The fixed-wing drones segment is expected to be the largest during the forecast period

The fixed-wing drones segment is estimated to have a lucrative growth. Fixed-wing drones are unmanned aerial vehicles (UAVs) designed with a fixed-wing structure similar to traditional airplanes. They offer longer flight times and higher speeds compared to multirotor drones due to their aerodynamic design. Their efficient flight capabilities make them ideal for applications where endurance and range are crucial. Their ability to cover vast distances efficiently makes them indispensable tools in various industries.

The surveillance & security segment is expected to have the highest CAGR during the forecast period

The surveillance & security segment is anticipated to witness the highest CAGR growth during the forecast period. Drones play a pivotal role in surveillance and security, enabled by advanced battery technology. These batteries power the drone's propulsion system and onboard surveillance equipment, such as cameras and sensors, ensuring uninterrupted operation during critical missions. Efficient batteries are indispensable in bolstering the effectiveness and versatility of drones in surveillance and security operations.

Region with largest share:

The Asia-Pacific region's drone battery market is experiencing rapid growth, fuelled by increasing demand for drones in various sectors, including agriculture, construction, and surveillance. With technological advancements driving the adoption of drones for commercial and industrial purposes, there's a corresponding surge in demand for reliable and high-performance batteries. Government initiatives promoting drone technology and supportive regulatory frameworks further propel market expansion.

Region with highest CAGR:

The North American drone battery market is witnessing significant growth, driven by the widespread adoption of drones across various industries. The region's robust regulatory framework and supportive government initiatives bolster adoption, fostering a conducive environment for market growth. Additionally, advancements in battery management systems and safety features ensure reliability and longevity, addressing concerns about drone operation. Key market players continually innovate to meet the evolving demands of North America's dynamic drone industry.

Key players in the market

Some of the key players profiled in the Drone Battery Market include Da-Jiang Innovations Science and Technology Corporation (DJI), Tenergy Corporation, Panasonic Corporation, AeroVironment Inc., Ballard Power Systems Inc., Oxis Energy Limited, Tattu (Gens Ace), LithiumWerks, Lithium Polymer Battery Corporation (LPB), EnerSys, SMA Solar Technology AG, Zippy Flightmax, MaxAmps, Amprius Technologies Inc., Kokam Corporation and Parrot SA.

Key Developments:

In April 2024, Chinese drone manufacturer DJI has launched the DJI Power 1000 and 500, 'versatile' powerbanks designed for fast-charging drones and common appliances, and an entirely new product line for the company.

In September 2023, Amprius Technologies, Inc. has announced its high-energy density cells have been integrated into a state-of-the-art battery pack produced by Tenergy. The Tenergy x Amprius battery was unveiled at the Commercial UAV Expo (CUAV) in Las Vegas, the offering a 31% reduction in weight while still carrying a 6% greater energy than comparable packs.

Drone Types Covered:

• Fixed-Wing Drones
• Multirotor Drones
• Hybrid VTOL (Vertical Takeoff and Landing) Drones
• Nano Drones
• Other Drone Types

Battery Types Covered:

• Lithium Polymer (LiPo) Batteries
• Lithium-ion (Li-ion) Batteries
• Nickel-Cadmium (NiCd) Batteries
• Nickel-Metal Hydride (NiMH) Batteries
• Other Battery Types

Voltages Covered:

• Low Voltage (Below 12V)
• Medium Voltage (12V - 24V)
• High Voltage (Above 24V)

Applications Covered:

• Photography & Videography
• Search & Rescue
• Surveillance & Security
• Delivery & Logistics
• Infrastructure Inspection
• Entertainment
• Mapping & Surveying
• Other Applications

End Users Covered:

• Individual Consumers
• Commercial Organizations
• Government Agencies
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances