Market Snapshot:
Unmanned Aerial Vehicle uses lithium Metal oxide batteries to reduce the size as well as the weight. This enables the vehicle to land safely due to system failure. The battery stores the power and then utilized during the flight of the UAV. The performance of a battery is measured with different parameters such as specific energy, charge rate, cycle life, and cost per kilowatt hour. Moreover, these batteries are made with carbon based anode, multi metal oxide cathode, organic electrolyte and shut down separator.
Highlights from UAV Battery Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 11.1% |
The key Manufacturers profiled in the report are Ballard Power Systems (Canada), Cella Energy Limited (United Kingdom), Denchi Power Limited (United Kingdom), Sion Power Corporation (United States), Tadiran Batteries (United States), OXIS Energy (United Kingdom), H3 Dynamics (Singapore), Ultracharge (Australia), MicroMultiCopter Aero Technology Co. Ltd. (China) and Hylium Industries INC (South Korea). Additionally, other players that are part of this comprehensive study are Aero technologies (Canada), ATL (United States), Intelligent Energy (United States) and Maxell (Japan).
Geographic Breakdown and Segment Analysis
The Global UAV Battery market presents a comprehensive analysis of the UAV Battery market by product type (Fuel cell, Lithium-ion, Nickel cadmium and Lithium polymer), by end-user/application (Postal & Package Delivery, Health Care & Pharmacy, Retail & Food, Defence & Security and Agriculture), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global UAV Battery industry. Investors and Manufacturers can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the UAV Battery market
Analyst at AMA have segmented the market study of Global UAV Battery market by Type, Application and Region.
Influencing Trend:
Introduction of Fuel cell for UAV applications and Usage of solar cells to power UAVs
Market Growth Drivers:
Rising need of improved endurance and longer flight duration and Lockdown imposed by government due to corona virus is leading to usage of UAV in various industries such as pharmacy, food and beverage and others
Challenges:
Availability of alternative options
Restraints:
High discharge rate of battery may hamper the market and High costs associated with battery as well as low payload capacity
Opportunities:
Increasing adoption of drones in military applications, Growing defence expenditure by governments and Upsurge in demand of drones in industries and applications
Market Developments Activities:
In August 2023, Ultrapower Technology Co., Ltd., a Chinese drone maker, acquired Shenzhen Dalong Intelligent Technology Co., Ltd., a UAV battery manufacturer. This vertical integration benefits Ultrapower by securing their battery supply and potentially lowering costs.
In December 2023, Kokam Co., Ltd., a Korean battery manufacturer, unveiled their new "Kolibri" series of high-performance UAV batteries. These batteries offer increased energy density and faster charging times, targeting commercial and industrial drone applications.
The global UAV battery witnessing a rise in competitiveness among the companies. In terms of market share, these major players currently dominate the market. However, with increasing innovations in technology, many of the companies are increasing their market presence by securing new contracts and by tapping new markets.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations