Global Drone Battery Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2028: The growth in demand of drones for commercial and medical use and increasing investment for development in drone technology by both public and private sectors are some of the major factors driving the growth of the Global Drone Battery Market.
Global Drone Battery Market is valued at USD 3.60 Billion in 2021 and is expected to reach USD 12.52 Billion by 2028 with a CAGR of 19.5% over the forecast period.
A drone battery is the primary and most important component of a quadcopter and is selected ideally to gain a perfect balance between it’s performance and flight time. Lithium batteries are the most common batteries used to power quadcopters due to their higher energy densities and discharge capabilities. The lithium battery packs used to power quadcopters are of two types: Lithium polymer (LiPO) and lithium polymer high voltage (LiHV). The primary difference between the two is that a LiPO cell has a fully charged voltage of 4.2V compared to a LiHV cell which has a voltage of 4.35V at full charge. A LiPO has a resting or nominal voltage of 3.7V versus a LiHV which has a storage voltage of 3.8V. The battery pack voltage is important as it impacts the maximum motor speed of a quadcopter.
|2018 - 2021
|2021 - 2028
|Market Size in 2021:
|USD 3.60 Billion
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2028:
|USD 12.52 Billion
|Tables, Charts & Figures:
|Drone Battery Companies
|Eaglepicher Technologies, Oxis Energy Ltd, Plug Power Inc, HES Energy Systems (H3 Systems), Intelligent Energy, RRC Power Solutions, Micromulticopter Aero Technology Co. Ltd., SolidEnergy Systems, Sion Power, Doosan Mobility Innovation, Shenzhen Grepow Battery Co. Ltd., and Epsilor, and others.
|By Drone Type, By Type of Drone Battery Material, By Capacity, By Application
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
Covid-19 has made a strong impact on the growth of global drone battery market. Due to lockdowns, some of its end-users like consumer driven electronics, commercial and construction sites were terribly affected by the pandemic. They had to slow down the production due to shortage of manpower and disruption in transportation of goods and raw materials. On the other hand, end-users like medical equipments, samples transport and IoT based manufacturers had to speed up their production capacity in response to the growth in demand and increased consumption. As per a secondary source, drones were used for transport of samples, blood, vaccines, medicines, organs and other life-saving medical equipments. These were also used for Covid-19 situational monitoring and mass gatherings during the pandemic. However, the overall impact on drone battery market due to the pandemic depends on various other factors such as the duration and spread of the disease worldwide, regulations imposed by various governments in the view of it, pace of the research work with respect to Covid-19, and others.
The growth in demand of drones for commercial and medical use is one of the major factors driving the growth of global drone battery market. With the growing rise in IoT, drones are utilized to combat the pandemic by providing public surveillance for social distancing and transportation of urgent medical necessities. Performance of drone batteries used in IoT devices has become one of the essential factors to consider while designing IoT-based drones. Due to the restrictions laid down by various governments globally in order to curb the spread of the pandemic, manufacturing companies came up with new ideas to transport the necessities and at the same time maintain least surface contact.
In addition, Increasing investment for development in drone technology by both public and private sectors is also supplementing the market growth. With the increase in technological advancements used in drones and medical devices, there is a growth in demand for lightweight, flexible, waterproof, high-capacity drone batteries. So, the usage of drone batteries in these devices is expected to boost the market growth during the forecast period. As per the secondary sources, the usage of drones has increased rapidly in various industries due to its efficiency and data analytics features. The commercial applications of drones are expected to foster the market growth.
However, the most common restraint is stringent government regulations worldwide which is updated and swapped regularly. For instance; the United States department of transportation, FAA has imposed several guidelines in April 2021 to protect the general public from unsafe and unauthorized drone operations. At the same time, the rapid adoption of such products will create new opportunities for the further growth of the global drone battery market.
Some of the key players for the global drone battery market are
North America is the largest market for drone batteries during the forecast period owing to the growing industrialism, high adoption of advanced technology and presence of key players in this region. As per a secondary source, a report published in 2021 states how drones were utilized for inspection and delivery purposes in the United States. These were used for monitoring social distancing and for delivering medical supplies like blood samples, blood, medicines, vaccines, etc. This, in turn, will boost the demand for drone batteries market.
The Asia Pacific is expected to witness the fastest growth in the global drone battery market owing to the increasing investment in this field. The global drone battery market in the European region is also a prospering market for drone batteries during the forecast period. As per UNICEF, drones have proved to be very useful in combating the pandemic.
Global drone battery market is segmented on the basis of drone type, type of drone battery material, capacity, application and region level. On the basis of drone type, the global drone battery market is classified into mini quad, micro quad, commercial and others. On the basis of type of drone battery material, the global drone battery market is classified into NiCad, NiMH, LiPo, and others. On the basis of capacity, the global drone battery market is classified into below 3000 mAh, between 3000 mAh and 5000 mAh, between 5000 mAh and 10000 mAh, above 10000 mAh. On the basis of application, the global drone battery market is classified into commercial use, medical use, and other applications.
Middle East and Africa
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