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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The global drone battery market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. The North America region is expected to grow at a significant CAGR in the drone battery market during the forecast period, owing to the increasing adoption of drones for commercial and defense applications in the region.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- 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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