The global drone battery market is anticipated to grow at a CAGR of 20.1% during the forecast period. Drones are increasingly being used for many functions including monitoring climate change, delivering goods, photography, supports in search operations, defense, agriculture, and other functions. Demand for drones is increasing among defense forces for intelligence, surveillance, and reconnaissance (ISR) activities. Moreover, government is also taking initiatives to adopt high technology drone in defense force, which in turn propel the drone battery market. For instance, in June 2022, Bharat Drone Mahotsav 2022 was held in New Delhi inaugurated by Prime Minister Narendra Modi. Under the Atmanirbhar Bharat effort of the government, the event showcased a mix of products, sub-systems and technologys for military and commercial purposes. The event also showcased the dual-use technologies for a drone as the drone can pinpoint a target, which is beneficial for defence force. Due to these features, defense forces will increase the use of drones, which in turn will fuel the drone battery market.
Furthermore, drones are being used for agricultural applications such as crop spraying, pest control, and crop inspection. Hence, the government is increasingly approaching farmers to adopt drones for spraying Agri inputs such as pesticides, and fertilizers in the agriculture field. For instance, in August 2022, government is offering a slew of incentives for farmers to start using drones. Apart from this, in July 2020, government allowed the usage of drones for spraying pest control on farms after prior permission from the authorities. Furthermore, many drone service provider companies are providing drones are agricultural use. For instance, in July 2022, Syngenta India Pvt. Ltd decided to use 50 drones for spraying over 30,000 acres of land in Punjab, Haryana, Madhya Pradesh, Andhra Pradesh, and Telangana and has obtained permission from the Central Insecticides Board (CIB). Which in turn drives the overall drone battery market.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By Technology
- By Drone Type
- By Component
- By End-Users
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Doosan Mobility Innovation Co., Ltd., Amperex Technology Ltd., Shenzhen Grepow Battery Co., Ltd., Yuneec International Co., Ltd., Sion Power Corp., and others
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
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Drone Battery Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Amit Industries Ltd
- Amperex Technology Ltd.
- Autel Robotics Co., Ltd.
- Doosan Mobility Innovation Co., Ltd.
- Eaglepicher Technologies
- Epsilor-Electric Fuel Ltd.
- Hes Energy Systems
- Honeywell International Inc.
- Intelligent Energy Ltd
- Parrot Drones Sas
- Plug Power Inc.
- Rrc Power Solutions Gmbh
- Ses Ai Corp
- Shenzhen Grepow Battery Co., Ltd.
- Sion Power Corp
- Skydio, Inc.
- Sz Dji Technology Co., Ltd.
- Uvify Inc.
- Venom Power
- Yuneec International Co., Ltd.
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