Global Drone Batteries Market Size/Share Cap will Reach USD 19.87 Billion By 2032, at 16.40% CAGR Increase: Polaris Market Research

NEW YORK, July 6, 2023 /PRNewswire/ -- A latest research report [115+ pages] with 360-Degree visibility, titled "Drone Batteries Market Share, Size, Trends, Industry Analysis Report, By Drone Type (Mini Quad, Macro Quad, Commercial/Industrial, and Others); By Battery Chemistry; By Battery Capacity; By Region; Segment Forecast, 2023- 2032" published by Polaris Market Research in its research repository.

According to research report, the global drone batteries market size/share was valued at USD 4.60 Billion in 2022 and is expected to touch USD 19.87 Billion By 2032, growing at a CAGR of 16.40% during the forecast period.

What are Drone Batteries? How Big is Drone Batteries Market Size & Share Cap?

• Overview

Drone batteries are specifically designed to power unmanned aerial vehicles (UAVs), also referred to as drones. These batteries are crucial parts of drone functioning as they provide required energy to run the aircraft and its different systems such as cameras, motors, flight controller, and other onboard electronics. Drone batteries vary based on size, shape, cost, quality, capability, and performance.  

Lithium-Polymer, Nickel Cadmium, Lithium High Voltage, and Brand-Specific are four main types of drone battery. Among these, Lithium polymer (LiPo) batteries are one of the most commonly used drone batteries. These batteries are made of a lithium-based cathode and anode divided by a polymer electrolyte. The rising usage of drones for products delivery in transportation and logistics industry is opening lucrative growth opportunities key manufactures in the drone batteries market. 

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(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, Table of Contents, Graphical introduction of regional analysis, Top players in the market with their revenue analysis and our research methodology.)

Our Sample Report May Include:

• 2032 Updated Report Introduction, Overview, and In-depth industry analysis.
• 115+ Pages Research Report (Inclusion of Updated Research).
• Provide Chapter-wise guidance on Request.
• 2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends.
• Includes Updated List of table & figures.
• Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis.

Some of the Top Market Players Covered Are:

• Autel Robotics
• Amperex Technology
• Amicell-Amit Industries
• Parrot Skydio
• Venom Power
• Uvify Inc.
• SZ DJI Technology
• Genspow
• RRC Power Solutions
• Oxis Energy
• Eaglepicher Technologies
• SolidEnergy Systems
• Doosan Mobility Innovation
• Shenzhen Grepow Battery
• Epsilor
• HES Energy Systems
• Intelligent Energy

For Additional Information on Key Players, Request to Download Sample Pages Here: https://polarismarketresearch.com/industry-analysis/drone-batteries-market/request-for-sample

Prominent Growth Driving Factors

• Popularity of drones: Drones are capable of performing several difficult tasks such as data collection, surveying, mapping, and others even in terrific weather conditions, where traditional methods of surveying are very dangerous and nearly impossible. Due these factors, drones are gaining popularity, which is driving the drone batteries market size.
• Investments by government: Rising emphasis of various government regulatory authorities on protecting their nation borders is another factor supporting the market growth. They are expanding their expenditure on development of military and defense sector and development of new drones with high-quality capabilities and features to serve the consumer demand and requirements.
• Constant rise in demand for drone: The increasing demand for drones across various application sectors for various purposes like surveillance, defense, cinematography, inspection, and agricultural applications is propelling the market growth. Also, many law enforcement agencies find drones as a safer, quicker, and cost-effective solution for surveillance which drives the drone batteries market demand.

Recent Trends Influencing the Market

• Garuda aerospace unveils SURAJ: For instance, in February 2023, Garuda Aerospace, an Indian drone startup, unveiled the "SURAJ", its latest solar-powered drone that is particularly designed for the monitoring operations offering real-time processing to the high command. In order to provide additional propulsion, a new drone that is equipped with solar cells and an auxiliary battery has been made available.
• Focus on Li-ion and polymer batteries: Furthermore, players worldwide are emphasizing on providing Li ion or the polymer batteries combined with battery systems capable of performing charge & discharge management, data logging, temperature management, short circuit management, and other functions in order to enhance battery life and boost real-time monitoring of the system. These drone batteries market trends are accelerating the industry expansion.

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Segmental Overview

• Mini quad segment witnessed the highest drone batteries market share in 2022

Based on drone type, mini quad category accounted the largest revenue share in 2022 and is expected to continue to dominate the market during the forecast period. These kinds of drones have become extreme popular in the recent years, particularly among hobbyists and drone enthusiasts, which has been fueling the segment growth. Furthermore, the rising developments in battery technology that enables extended flight times and increased performance which is leading to increasing their demand across various sectors such as delivery, agriculture, and construction is accelerating the segment growth.

• LiPo segment dominated the market in 2022

Based on Battery Chemistry drone batteries market segmentation, LiPo captured major share in 2022 owing to its capability to offering high conductivity and providing higher energy than other forms of batteries available in the market. In addition, LiPo batteries are majorly utilized in various applications due to its lower weight and higher quantity and quality electricity output.

• 3000-5000 mAh segment is projected to hold the greatest revenue growth throughout forecast period

In terms of battery capacity, 3000-5000 mAh category is expected to lead the drone batteries market during the anticipated period, due to the rise in demand for longer flying times, greater cargo capacity, and ongoing drone battery technology breakthroughs as well as growing prevalence of its good potential of offering good balance between flight time, weight, and cost.

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Drone Batteries Market: Report Scope & Segments

Geographic Overview

• North America region witnessed the largest market share in 2022

By geography, drone batteries market in North America registered the major revenue share in 2022 and is expected to retain its dominance during the foreseen period. This growth can be attributed to the surging emphasis and integration of drone batteries with qualities like high energy-efficiency, cost-effectiveness, and higher payload capacity that are perfect for a number of commercial applications.

Moreover, the Asia Pacific is projected to hold the fastest growth with a healthy CAGR over the forecast period as the governments and businesses are investing more extensively in unmanned aerial vehicle (UAV) technology, which has resulted in the development of improved drone batteries and opened up new business opportunities for local drone makers and battery providers.

Browse the Detail Report "Drone Batteries Market Share, Size, Trends, Industry Analysis Report, By Drone Type (Mini Quad, Macro Quad, Commercial/Industrial, and Others); By Battery Chemistry; By Battery Capacity; By Region; Segment Forecast, 2023- 2032" with in-depth TOC: https://polarismarketresearch.com/industry-analysis/drone-batteries-market

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Recent Developments

• In February 2023, HevenDrones, introduced 1st hydrogen-based drone named 'H2D55', that is specially designed for commercial use and has 5 times more efficient compared to traditional Li powered drones. These drone addresses the challenges of pay-load capacity and flight endurance associated with the lithium battery-powered drones.
• In April 2021, KULR, unveiled its new product line of high-capacity Li battery packs for the in developing commercial drones. The company's new energy pack platform incorporates a lighter and safe battery with highly advanced chemistry and thermal management technology.

Key Offerings of This Report

• Market size and share assessment for regional and country-level segments
• Business opportunities, drivers, and success factors
• Current trends and the future potential of the market
• Market segment analysis by types, applications, and regions
• The competitive status of key players within the projection timeline
• Value chain analysis with price analysis and market forecast
• Region-specific growth and development in the market

Polaris Market Research has segmented the drone batteries market report based on drone type, battery chemistry, battery capacity, and region:

By Drone Type Outlook

• Mini Quad
• Macro Quad
• Commercial/Industrial
• Others

By Battery Chemistry Outlook

• NiCad
• NiMH
• LiPo
• Others

By Battery Capacity Outlook

• Below 3000 mAh
• 3000-5000 mAh
• 5000-10000 mAh
• Above 10000 mAh

By Region Outlook

• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

About Polaris Market Research:

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

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SOURCE Polaris Market Research