LATIN AMERICA UAV BATTERY MARKET 2022-2028

Aerospace & Defense | Defense

LATIN AMERICA UAV BATTERY MARKET 2022-2028

Market by Product Type, UAV Model, Industry Vertical, and Country Outlook | Forecast 2022-2028

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Based on Triton’s estimates, the UAV battery market in Latin America is set to grow at a CAGR of 15.73% during the forecast period 2022-2028.


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The countries examined in the given region are:

•         Brazil

•         Mexico

•         Rest of Latin America

Brazil secures the majority of shares in the UAV battery market. The market’s growth is attributed to the rising demand for UAV applications, such as delivery, agriculture, healthcare, transportation, and others. Besides this, innovations in battery technology have gained momentum due to the increasing demand for long-range battery systems. Hence, the growing investments in R&D are anticipated to drive the UAV battery market across the region.

In Brazil, companies are striving to innovate their offering through the adoption of drone technology. For instance, iFood announced partnering with SpeedBird, a UAV company, to expedite routes in their distribution network. They designed a system that enabled drones to deliver food across the city. In this regard, this flight has been approved by the Civil Aviation National Agency. Therefore, partnerships and government approvals are supporting the UAV sector’s growth, thereby boosting the UAV battery market on a progressive path.

Over the past few years, commercial end-users have heavily supported UAV sales. Several startups are investing in the UAV sector owing to the rising demand for UAVs for commercial applications. In the agriculture sector, UAVs are used to monitor crops. Moreover, it helps monitor tasks in oil and gas pipeline surveys. The market’s growth is determined based on product type, industry vertical, and UAV model. The industrial vertical section is divided into commercial, defense, government & law enforcement, and consumer.

Major companies thriving in the market include Eagle Picher Technologies, Shenzhen Grepow Battery, Epsilor, Inventus Power, and Doosan Corporation.

Eagle Picher Technologies is involved in developing battery technology, energetic gadgets, and battery management systems. Its product line includes thermal batteries, primary and secondary battery packs, charging stations, energetic devices, and others. It also offers enhanced processing and manufacturing technologies, power integration and management, and advanced material synthesis. The company has operations across regions, including Latin America.


Key deliverables of the report:

      Market CAGR during the forecasting years 2022-2028

      Detailed data highlighting key insights, industry components, and market strategies


  Comprehensive information and estimation of the UAV battery market revenue growth in Latin America and its influence on the parent market


      In-depth study of forthcoming trends in consumer behavioral patterns


      A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces


      A wide-ranging study of factors that will challenge the LA UAV battery market’s growth during the upcoming years

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Table of Content

1. LATIN AMERICA UAV BATTERY MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON THE UAV BATTERY MARKET

2.2. KEY INSIGHTS

2.2.1. ADVANCEMENTS IN FUEL CELL TECHNOLOGY

2.2.2. MILITARY INVESTMENTS AND INITIATIVES IN THE UAV SECTOR

2.2.3. POPULARITY OF DRONES IN THE COMMERCIAL INDUSTRY

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. INDUSTRY COMPONENTS

2.7. REGULATORY FRAMEWORK

2.8. KEY MARKET STRATEGIES

2.8.1. ACQUISITIONS

2.8.2. PRODUCT LAUNCHES

2.8.3. INVESTMENTS & EXPANSIONS

2.9. MARKET DRIVERS

2.9.1. DEVELOPMENTS IN SMART BATTERY TECHNOLOGY

2.9.2. ONGOING RESEARCH AND DEVELOPMENTS IN UAV AND ADJACENT INDUSTRIES

2.9.3. GROWING NEED FOR LONG-RANGE UAVS WITH HIGH PAYLOAD CAPACITY

2.10. MARKET CHALLENGES

2.10.1. ISSUES DUE TO THERMAL RUNAWAY

2.10.2. REGULATIONS AGAINST TRANSPORT OF UAV BATTERIES

2.11. MARKET OPPORTUNITIES

2.11.1. ADOPTION OF UAVS ACROSS VARIOUS SECTORS

2.11.2. INNOVATIONS IN WIRELESS CHARGING TECHNOLOGY

3. LATIN AMERICA UAV BATTERY MARKET OUTLOOK - BY PRODUCT TYPE

3.1. LITHIUM-BASED

3.2. NICKEL-BASED

3.3. FUEL CELL

4. LATIN AMERICA UAV BATTERY MARKET OUTLOOK - BY UAV MODEL

4.1. FIXED-WING

4.2. ROTARY-WING

4.3. FIXED-WING VTOL (HYBRID)

5. LATIN AMERICA UAV BATTERY MARKET OUTLOOK - BY INDUSTRY VERTICAL

5.1. CONSUMER

5.2. COMMERCIAL

5.3. DEFENSE, GOVERNMENT, & LAW ENFORCEMENT

6. LATIN AMERICA UAV BATTERY MARKET - COUNTRY OUTLOOK

6.1. BRAZIL

6.2. MEXICO

6.3. REST OF LATIN AMERICA

7. COMPETITIVE LANDSCAPE

7.1. PLUG POWER

7.2. INTELLIGENT ENERGY

7.3. HES ENERGY SYSTEMS

7.4. RRC POWER SOLUTIONS

7.5. SION POWER

7.6. EAGLE PICHER TECHNOLOGIES

7.7. INVENTUS POWER

7.8. SHENZHEN GREPOW BATTERY

7.9. EPSILOR

7.10. DOOSAN CORPORATION

8. RESEARCH METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: LATIN AMERICA UAV BATTERY MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: LIST OF ACQUISITIONS

TABLE 4: LIST OF PRODUCT LAUNCHES

TABLE 5: LIST OF INVESTMENTS & EXPANSIONS

TABLE 6: LATIN AMERICA UAV BATTERY MARKET, OUTLOOK BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)

TABLE 7: LATIN AMERICA UAV BATTERY MARKET, OUTLOOK BY UAV MODEL, 2022-2028 (IN $ MILLION)

TABLE 8: LATIN AMERICA UAV BATTERY MARKET, OUTLOOK BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)

TABLE 9: LATIN AMERICA UAV BATTERY MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX

FIGURE 2: LATIN AMERICA UAV BATTERY MARKET, OUTLOOK BY PRODUCT TYPE, 2021 & 2028 (IN %)

FIGURE 3: LATIN AMERICA UAV BATTERY MARKET, BY LITHIUM-BASED, 2022-2028 (IN $ MILLION)

FIGURE 4: LATIN AMERICA UAV BATTERY MARKET, BY NICKEL-BASED, 2022-2028 (IN $ MILLION)

FIGURE 5: LATIN AMERICA UAV BATTERY MARKET, BY FUEL CELL, 2022-2028 (IN $ MILLION)

FIGURE 6: LATIN AMERICA UAV BATTERY MARKET, OUTLOOK BY UAV MODEL, 2021 & 2028 (IN %)

FIGURE 7: LATIN AMERICA UAV BATTERY MARKET, BY FIXED-WING, 2022-2028 (IN $ MILLION)

FIGURE 8: LATIN AMERICA UAV BATTERY MARKET, BY ROTARY-WING, 2022-2028 (IN $ MILLION)

FIGURE 9: LATIN AMERICA UAV BATTERY MARKET, BY FIXED-WING VTOL (HYBRID), 2022-2028 (IN $ MILLION)

FIGURE 10: LATIN AMERICA UAV BATTERY MARKET, OUTLOOK BY INDUSTRY VERTICAL, 2021 & 2028 (IN %)

FIGURE 11: LATIN AMERICA UAV BATTERY MARKET, BY CONSUMER, 2022-2028 (IN $ MILLION)

FIGURE 12: LATIN AMERICA UAV BATTERY MARKET, BY COMMERCIAL, 2022-2028 (IN $ MILLION)

FIGURE 13: LATIN AMERICA UAV BATTERY MARKET, BY DEFENSE, GOVERNMENT, & LAW ENFORCEMENT, 2022-2028 (IN $ MILLION)

FIGURE 14: LATIN AMERICA UAV BATTERY MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)

FIGURE 15: BRAZIL UAV BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 16: MEXICO UAV BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 17: REST OF LATIN AMERICA UAV BATTERY MARKET 2022-2028 (IN $ MILLION)

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