Drone battery market is anticipated to grow at a CAGR of 20.1% during the forecast period. The growing establishment of start-ups across the globe is the major factor driving the growth of the market. Start-up companies are involving in development and launch of new product which will drive the drone battery market. For instance, in July 2020, StoreDot, an Israeli start-up battery and materials company launched an ultra-fast charging (UFC) solution, a FlashBattery technology which reduces the drone charging time. Generally, the charging time of a drone is 60 to 90 minutes which is too far longer time to charge a drone, so to reduce its company offers an ultra-fast charging solution which can charge a commercial drone in five minutes. Adding on the company developed metalloid nanotechnology alloys, which have similar properties to silicone, known for high diffusion and low resistance.
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Additionally, in April 2019, Cuberg, a start-up, with backing from Boeing, venture capitalists, and the U.S. Department of Energy launched a vertical drone powered by a lithium metal battery. The drone with a lithium metal battery flew 70 % longer than the one powered by a lithium-ion battery. The use of lithium metal batteries reduces the excess weight, which makes it an essential ingredient to be used in electric aircraft, flying taxis, and large military cargo drones.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Drone Battery Market Report Segment
By Technology
- Lithium-based
- Nickel-based
- Fuel Cell
By Drone Type
- Fixed-wing
- Fixed-wing VTOL
- Rotary-wing
By Drone Type
- Cell
- Battery Management Systems (BMS)
- Enclosure
- Connector
Global Drone Battery Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global drone battery market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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