Drone Battery Market is Anticipated to Witness High Growth Owing to Increasing Demand for Commercial Drones





The drone battery market offers a wide range of batteries for varied drone applications including lithium-ion polymer batteries, lithium-ion titanium batteries and lithium-ion polymer phosphate batteries. Drone batteries provide propulsion to drones and their performance directly impacts the drone's flight time and capabilities. They are designed to deliver long-lasting battery life to support reliable operations of drones used for applications across industries like agriculture, infrastructure inspection, emergency response etc. The global drone battery market is estimated to be valued at US$ 8.7 Bn in 2024 and is expected to exhibit a CAGR of 16.% over the forecast period 2024-2031.


Key Takeaways

Key players operating in the drone battery market are DJI, LG Chem, Panasonic, Samsung SDI, Tattu (Shenzhen Grepow Battery Co., Ltd). DJI is currently the global leader in commercial and recreational drones. LG Chem is one of the major battery suppliers for DJI and other drone manufacturers.

The growing adoption of drones for commercial applications across industries is a major opportunity for battery manufacturers. Regulatory changes allowing expanded commercial drone operations will further drive battery demand. Industries like agriculture, infrastructure, emergency services etc. are increasingly deploying drones.

Geographically, North America currently dominates the drone battery market owing to high commercial drone usage. However, Asia Pacific is anticipated to witness the highest growth led by countries like China and Japan. European nations are also actively supporting commercial drone deployments. Drone battery manufacturers are expanding their global footprint to tap emerging opportunities.

Market Drivers

Increasing demand for commercial drones for applications across industries is a key driver for the drone battery market. Drones are increasingly being used for agricultural monitoring, infrastructure inspection, emergency response, filmmaking and more. This is propelling the need for high-performance, lightweight and reliable drone batteries.

Market Restrain

Battery weight significantly impacts a drone's flight capabilities like payload capacity and flight time. Battery manufacturers face challenges to balance battery capacity, weight, cost and safety for optimum drone performance. Heavy or low-capacity batteries restrain the drone battery market potential. Strict safety norms also limit battery design and material innovations.

Segment Analysis

The commercial segment holds majority share in the drone battery market currently as drones are extensively used for various aerial imaging, surveillance and monitoring purposes across different industry verticals such as agriculture, government, real estate, construction and energy & utilities. The dominance of commercial segment can be attributed to increasing adoption of drones for commercial purposes such as surveying, monitoring and delivery applications. The recreational segment is expected to witness high growth during the forecast period owing to rising popularity of drones among hobbyists and photographers. Advancing battery technologies are enabling improved flight duration of recreational drones thereby fueling sales in this segment.

Global Analysis

North America currently dominates the global drone battery market and is expected to maintain its leading position throughout the forecast period. Presence of major drone manufacturers and suppliers along with availability of vast array of commercial usage of drones are some key factors propelling the North America drone battery market. The Asia Pacific region is poised to showcase highest growth in the coming years.

Significant growth opportunities exist in Asia Pacific attributed to vast untapped potential for commercial drone usage across applications like surveillance, agriculture and e-commerce in developing economies like China and India. Stringent government regulations along with growing adoption of advanced lithium-based batteries are also factors contributing to regional market growth. Europe holds a substantial share in the global drone battery market propelled by rapid technological advancement in electric propulsion systems and short range drones across UK, Germany and France.

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What Are The Key Data Covered In This Drone Battery Market Report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the Drone Battery's growth between 2024 and 2031.

:- Accurate calculation of the size of the Drone Battery and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behaviour

:- Drone Battery Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market's competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of Drone Battery vendors

About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

 

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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