Market by Product Type, UAV Model, Industry Vertical, and Regional Outlook | Forecast 2022-2028
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.
Click here to check out our blog on the Global UAV Battery market
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%.
Market By Product, Application ..
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VIEW REPORT1. 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
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)
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)