The application of UAVs is increasing with a significant rise in commercial, civil, and military applications. The growth in the UAV market will ultimately drive the growth for UAV batteries. Also, increasing development in UAV battery technologies such as enhanced capacity, fast charging, and lowering prices has supported the market growth. UAVs are prominently used for improved cross-border surveillance to improve military intelligence, communication, and border security. Batteries for UAVs are likely to rise in demand knowingly over the forecast period. With the growing demand for drones in a wide variety of industries and applications, the UAV battery market is expected to witness significant growth. Drones are extensively in demand in various industries, including construction, agriculture, emergency response, mapping, law enforcement, surveillance, and e-commerce, which is likely to drive the UAV battery market.
MARKET SCOPE
The Global UAV battery Market Analysis to 2028 is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the UAV battery market with detailed market segmentation by UAV type, battery type, and geography. The report provides key statistics on the market status of the leading UAV battery market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
On the basis of UAV type, the market is segmented as Low-Altitude Long Endurance (LALE), Medium-Altitude Long Endurance (MALE), High-Altitude Long Endurance (HALE).
On the basis of battery type, the market is segmented as fuel cell, lithium-ion, nickel cadmium, and lithium polymer.
MARKET DYNAMICS
Drivers:
- Recent advancements in technologies and the growing adoption of drones in commercial applications such as drone delivery drive the market growth.
- The increasing popularity of modern drones systems and the thriving need for high-power backups have boosted the market growth.
Restraints:
- High initial and maintenance costs may restrain the growth of the UAV battery market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The UAV battery market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter Five Forces analysis, highlighting the factors affecting the UAV battery market in these regions
IMPACT OF COVID-19 ON UAV BATTERY MARKET
The COVID - 19 pandemic has a negative impact on the growth of aerospace, defense, aviation, law enforcement, and military industries. The disrupted supply chain and low production activities by UAV manufacturers have resulted in a slower growth rate for the market. However, the increasing spending on the defense industry even in the pandemic situation has supported the market growth. The defense and military industry experiences the minimal impact of the COVID - 19 pandemics. However, from the starting of 2021, the UAV industry started to regain its momentum which supported the drive the market growth in coming years.
MARKET PLAYERS
The report covers key developments in the UAV battery market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from UAV battery market are anticipated to lucrative growth opportunities in the future with the rising demand for UAV battery in the global market.\
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the UAV battery market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Ballard Power Systems.
Denchi Group Ltd
EaglePicher Technologies
H3 Dynamics LLC
Hylium Industries, Inc.
MMC
OXIS Energy Ltd.
SION POWER CORPORATION
Tadiran
Steatite Ltd