GLOBAL UAV BATTERY MARKET 2022-2028

Aerospace & Defense | Defense

GLOBAL UAV BATTERY MARKET 2022-2028

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

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In recent years, the need for UAVs for commercial, recreational, or public purposes has multiplied. Presently, the demand is primarily for military use, but it is anticipated to be used exponentially for other purposes. For the majority of military and commercial UAVs, combustion engines continue to be the preferred power source. However, electrical systems have better efficacy, produce low noise, are more reliable, and emit minimal to no greenhouse gas emissions. As a result, electrical systems are being deployed increasingly in UAV applications. Examples of electrical systems include batteries, fuel cells (FCs), and solar power.

Batteries have high power densities but low energy densities; hence they do not provide an energy density significantly higher than that of the primary power source. Given this, the battery can improve the system’s endurance and peak power capabilities, but not to the required extent. As a result, it still significantly drains both power sources, which restricts the system’s flight pattern. The key benefits of battery-powered drones include their ability to recharge practically anywhere, lack of transportation restrictions, and ease of recharge. Small numbers of recharge cycles and correspondingly low energy densities are two drawbacks.

According to Triton Market Research’s report, the Global UAV Battery market was valued at $4500.80 million in 2021 and is expected to reach $13481.66 million by 2028, growing at a CAGR of 17.46% during the forecast period 2022-2028. 



 

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MARKET PERFORMANCE: DRIVERS, CHALLENGES, AND TRENDS

The key factors driving the UAV Battery market include developments in smart battery technology, ongoing research and developments in UAV and adjacent industries, and the growing need for long-range UAVs with high payload capacity. Due to their low energy density, batteries are insufficient for long-distance flights, especially when cameras and other devices are powered by the same battery as the UAV’s propulsion system. Additionally, a further restriction is the lengthier battery charging times. As a result, researchers are studying and designing long unmanned aerial vehicles (UAVs) powered by efficient energy sources.

 

However, issues due to thermal runaway and regulations against the transport of batteries are some of the key restraints impacting the growth of the UAV Battery market. If lithium batteries are handled, labeled, disposed of, or carried incorrectly, they may have significant detrimental consequences on aviation safety, such as an uncontrollable fire. The fire suppression systems in airline cargo containers may not be adequate to extinguish a fire involving lithium batteries. Lithium battery fires have already resulted in airplane wrecks in several cases. Therefore, it is anticipated that country-specific rules prohibiting the shipping of battery packs from preventing mishaps will slow the growth of the UAV battery market.

Nevertheless, commercial drones are revolutionizing industry systems, paving the path for smart operations to enhance production. Commercial drones are used for more than taking pictures or videos. Drone delivery is one of the most well-liked and rapidly expanding drone applications. This development is anticipated to gain greater traction as technology continues to develop and mature. E-commerce behemoths like Amazon have already made investments in the drone technology known as Amazon Prime Air and will be launching the whole service as soon as the difficulties with viability are handled.



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KEY GEOGRAPHIES COVERED:

•         North America: United States and Canada

•         Europe: United Kingdom, France, Germany, Spain, Italy, Poland, and Rest of Europe

•         Asia-Pacific: China, Japan, India, South Korea, ASEAN Countries, Australia & New Zealand, and Rest of Asia-Pacific

•         Latin America: Brazil, Mexico, and Rest of Latin America

•         Middle East and Africa: Saudi Arabia, Turkey, United Arab Emirates, South Africa, and Rest of Middle East & Africa


SEGMENTATION ANALYSIS - UAV BATTERY MARKET:

•         Market by Product Type:

           o        Lithium-Based Battery

The most popular batteries for UAVs are Li-Po and Li-Ion. Li-ion batteries offer a high energy and power density per unit of battery mass and are lighter and smaller than conventional rechargeable batteries. Besides, it offers a comparable long cycle life, good energy economy, and no memory effects. However, they cost more than others, which is their primary flaw.

           o        Nickel-Based Battery

           o        Fuel Cell

•         Market by Industry Vertical:

           o        Consumer

           o        Commercial

           o        Defense, Government, & Law Enforcement 

•         Market by UAV Model:

           o        Fixed-Wing

           o        Rotary-Wing

Rotary wing UAVs consist of rotor blades that revolve around a fixed mast. They usually use more than one rotor, depending on the application or payload they carry. Thus, they come in various configurations, such as tri-copter (3 rotors), quadcopters (4 rotors), and so on. Rotary wing UAVs are a great tool for aerial photography as they control positioning and framing.

o        Fixed-Wing VTOL (Hybrid)

 

COMPETITIVE LANDSCAPE:

The UAV battery market by company profile helps dive into data about the key players in this industry. The strategic initiatives for each of the companies considered have been covered in detail.

Collaboration (March 2022): Plug Power and SK E&S

Plug Power and its South Korean partner, SK E&S, collaborated to build a major plant in a high-tech industrial zone. It is to produce fuel cells and water electrolysis facilities targeting Asian markets. The production is expected to begin in 2024.

Product Launch (February 2020) Grepow

Grepow launched its 3.7V 90mAh LiPo Curve Shaped Battery 3113031, a high-technology lithium-polymer battery. It is capable of providing fully integrated battery solutions to power a wide range of electronic equipment.

 

KEY BENEFITS OF THE REPORT:

      Triton Market Research has a collective experience of 25-30 years in the industry, with its analysts and experts encompassing the most infallible research methodology for its market intelligence and industry analysis.

 

      Our research methodology helps in achieving a broader consensus of the market size, shape, and industry trends within each industry segment.

 

      The strategy adopted in designing the research methodology includes the amalgamation of the information assembled from primary and secondary sources, with the assistance of analytical tools to construct the forecast and predictive models.

 

      The scope of the market report comprises the current scenario of the global UAV battery market, along with the detailed overview of the industry outlook, market dynamics, segmentation analysis, regional outlook, and competitive landscape for the period 2022-2028.

 

FAQs:

Q 1) Does this report include the impact of COVID-19 on the UAV battery market?

The market study has analyzed the impact of COVID-19 on the UAV battery market qualitatively as well as quantitatively.

Q 2) Which type of product covered the major market share in 2021?

The majority of the market share was held by lithium-based batteries in 2021, accounting for around 86%. 

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Table of Content

1. GLOBAL 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

2.7.1. U.S. REGULATION

2.7.2. OTHER INTERNATIONAL REGULATIONS:

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. GLOBAL UAV BATTERY MARKET OUTLOOK - BY PRODUCT TYPE

3.1. LITHIUM-BASED

3.2. NICKEL-BASED

3.3. FUEL CELL

4. GLOBAL UAV BATTERY MARKET OUTLOOK - BY UAV MODEL

4.1. FIXED-WING

4.2. ROTARY-WING

4.3. FIXED-WING VTOL (HYBRID)

5. GLOBAL UAV BATTERY MARKET OUTLOOK - BY INDUSTRY VERTICAL

5.1. CONSUMER

5.2. COMMERCIAL

5.3. DEFENSE, GOVERNMENT, & LAW ENFORCEMENT

6. GLOBAL UAV BATTERY MARKET - REGIONAL OUTLOOK

6.1. NORTH AMERICA

6.1.1. MARKET OUTLOOK BY PRODUCT TYPE

6.1.2. MARKET OUTLOOK BY UAV MODEL

6.1.3. MARKET OUTLOOK BY INDUSTRY VERTICAL

6.1.4. COUNTRY ANALYSIS

6.1.4.1. UNITED STATES

6.1.4.2. CANADA

6.2. EUROPE

6.2.1. MARKET OUTLOOK BY PRODUCT TYPE

6.2.2. MARKET OUTLOOK BY UAV MODEL

6.2.3. MARKET OUTLOOK BY INDUSTRY VERTICAL

6.2.4. COUNTRY ANALYSIS

6.2.4.1. UNITED KINGDOM

6.2.4.2. GERMANY

6.2.4.3. FRANCE

6.2.4.4. SPAIN

6.2.4.5. ITALY

6.2.4.6. POLAND

6.2.4.7. REST OF EUROPE

6.3. ASIA-PACIFIC

6.3.1. MARKET OUTLOOK BY PRODUCT TYPE

6.3.2. MARKET OUTLOOK BY UAV MODEL

6.3.3. MARKET OUTLOOK BY INDUSTRY VERTICAL

6.3.4. COUNTRY ANALYSIS

6.3.4.1. CHINA

6.3.4.2. JAPAN

6.3.4.3. INDIA

6.3.4.4. SOUTH KOREA

6.3.4.5. ASEAN COUNTRIES

6.3.4.6. AUSTRALIA & NEW ZEALAND

6.3.4.7. REST OF ASIA-PACIFIC

6.4. LATIN AMERICA

6.4.1. MARKET OUTLOOK BY PRODUCT TYPE

6.4.2. MARKET OUTLOOK BY UAV MODEL

6.4.3. MARKET OUTLOOK BY INDUSTRY VERTICAL

6.4.4. COUNTRY ANALYSIS

6.4.4.1. BRAZIL

6.4.4.2. MEXICO

6.4.4.3. REST OF LATIN AMERICA

6.5. MIDDLE EAST AND AFRICA

6.5.1. MARKET OUTLOOK BY PRODUCT TYPE

6.5.2. MARKET OUTLOOK BY UAV MODEL

6.5.3. MARKET OUTLOOK BY INDUSTRY VERTICAL

6.5.4. COUNTRY ANALYSIS

6.5.4.1. UNITED ARAB EMIRATES

6.5.4.2. SAUDI ARABIA

6.5.4.3. TURKEY

6.5.4.4. SOUTH AFRICA

6.5.4.5. REST OF MIDDLE EAST & AFRICA

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: GLOBAL UAV BATTERY MARKET, REGIONAL 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: GLOBAL UAV BATTERY MARKET, OUTLOOK BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)

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

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

TABLE 9: GLOBAL UAV BATTERY MARKET, REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 10: NORTH AMERICA UAV BATTERY MARKET, OUTLOOK BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)

TABLE 11: NORTH AMERICA UAV BATTERY MARKET, OUTLOOK BY UAV MODEL, 2022-2028 (IN $ MILLION)

TABLE 12: NORTH AMERICA UAV BATTERY MARKET, OUTLOOK BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)

TABLE 13: NORTH AMERICA UAV BATTERY MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 14: EUROPE UAV BATTERY MARKET, OUTLOOK BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)

TABLE 15: EUROPE UAV BATTERY MARKET, OUTLOOK BY UAV MODEL, 2022-2028 (IN $ MILLION)

TABLE 16: EUROPE UAV BATTERY MARKET, OUTLOOK BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)

TABLE 17: EUROPE UAV BATTERY MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 18: ASIA-PACIFIC UAV BATTERY MARKET, OUTLOOK BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)

TABLE 19: ASIA-PACIFIC UAV BATTERY MARKET, OUTLOOK BY UAV MODEL, 2022-2028 (IN $ MILLION)

TABLE 20: ASIA-PACIFIC UAV BATTERY MARKET, OUTLOOK BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)

TABLE 21: ASIA-PACIFIC UAV BATTERY MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 22: LATIN AMERICA UAV BATTERY MARKET, OUTLOOK BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)

TABLE 23: LATIN AMERICA UAV BATTERY MARKET, OUTLOOK BY UAV MODEL, 2022-2028 (IN $ MILLION)

TABLE 24: LATIN AMERICA UAV BATTERY MARKET, OUTLOOK BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)

TABLE 25: LATIN AMERICA UAV BATTERY MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 26: MIDDLE EAST AND AFRICA UAV BATTERY MARKET, OUTLOOK BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)

TABLE 27: MIDDLE EAST AND AFRICA UAV BATTERY MARKET, OUTLOOK BY UAV MODEL, 2022-2028 (IN $ MILLION)

TABLE 28: MIDDLE EAST AND AFRICA UAV BATTERY MARKET, OUTLOOK BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)

TABLE 29: MIDDLE EAST AND AFRICA UAV BATTERY MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX

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

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

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

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

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

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

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

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

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

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

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

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

FIGURE 14: GLOBAL UAV BATTERY MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)

FIGURE 15: NORTH AMERICA UAV BATTERY MARKET COUNTRY OUTLOOK, 2021 & 2028 (IN %)

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

FIGURE 17: CANADA UAV BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 18: EUROPE UAV BATTERY MARKET COUNTRY OUTLOOK, 2021 & 2028 (IN %)

FIGURE 19: UNITED KINGDOM UAV BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 20: GERMANY UAV BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 21: FRANCE UAV BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 22: SPAIN UAV BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 23: ITALY UAV BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 24: POLAND UAV BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 25: REST OF EUROPE UAV BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 26: ASIA-PACIFIC UAV BATTERY MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)

FIGURE 27: CHINA UAV BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 28: JAPAN UAV BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 29: INDIA UAV BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 30: SOUTH KOREA UAV BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 31: ASEAN COUNTRIES UAV BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 32: AUSTRALIA & NEW ZEALAND UAV BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 33: REST OF ASIA-PACIFIC UAV BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 34: LATIN AMERICA UAV BATTERY MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)

FIGURE 35: BRAZIL UAV BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 36: MEXICO UAV BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 37: REST OF LATIN AMERICA UAV BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 38: MIDDLE EAST & AFRICA UAV BATTERY MARKET, COUNTRY OUTLOOK, 2021

FIGURE 39: UNITED ARAB EMIRATES UAV BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 40: SAUDI ARABIA UAV BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 41: TURKEY UAV BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 42: SOUTH AFRICA UAV BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 43: REST OF MIDDLE EAST & AFRICA UAV BATTERY MARKET 2022-2028 (IN $ MILLION)

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