Product Code: TIPRE00020263
The global drone battery market was valued at US$ 994.97 million in 2022 and is expected to reach US$ 2,450.56 million by 2028; it is expected to register a CAGR of 16.2% from 2022 to 2028.
In the past years, drones had limited applications. When drones were first introduced, they were strictly used for military purposes for training, target practices, air strikes, bomb detection, surveillance, and more. However, with the adoption of technologies, drones are being used in several other industries, which is fueling the drone battery market growth. Drones are now used in construction, agriculture, mining, entertainment, photography, and several other sectors, which have gained the attention of entrepreneurs to launch drone solutions into the market and grow their businesses with the rising demand for drones. Therefore, there is a rise in drone startups across various regions. For instance, in June 2022, Money Control stated that there was an increase of ~34% in the number of drone startups in India, with 220 drone startups between August 2021 and February 2022.
Rising use of drones across various industries and growing number of competitors are a few factors expected to encourage startups to provide cost-efficient and better drone solutions to customers as a competitive advantage in the coming years. They will try to reach more industries and customers by increasing their production of drones that can be used across several industries. The production of drones is directly proportional to the production of drone batteries. Thus, the growing number of drone startups can create a lucrative opportunity for the drone battery market growth.
Several industry players are engaged in introducing various technologies to ease workflow and boost productivity. The growing population across the globe is remarkably impacting the demand for the drone solutions from construction, agriculture, mining, and many other industries. To cater to this enormously increasing demand for drones, industry players are engaged in using them to save time and cost to generate more productivity. For more efficient working, the inclusion of smart batteries in drones is likely to boost the drone battery market size in the coming years.
Intelligent battery systems (IBS) can help improve the reliability, safety, and efficiency of drones. IBS provides accurate and robust information about the state of the battery, and it can control the current flow. It can perform advanced functions such as energy balancing strategies and fault diagnostics for better energy storage systems. This technology helps monitor battery health, track cycle count, and record the discharge profiles. It keeps a record of minimum and maximum voltage and current. With the increasing demand for drones, the need for more flight time with the same battery capacity is also increasing. Power management with the help of smart batteries increases the flight time of drones. Thus, the introduction of smart batteries with intelligent battery systems is expected to be a trend in the drone battery market in the coming years.
In the global drone battery market, Asia Pacific is projected to register highest CAGR from 2022 to 2028. Asia Pacific is one of the fastest-growing regions in the drone battery market due to the presence of a larger number of drone battery manufacturers in the countries such as China, Japan, and India. Furthermore, industry giants are making efforts and engaging in acquisition activities to boost the drone industry of the region. For instance, in December 2022, Reliance Industries (RIL) acquired 23% stakes for US$ 25 million in US-based Exyn Technologies. This acquisition aims to boost the drone industry in India for industrial safety. Exyn Technologies's drones can help detect critical situations in complex environments with the data collected by them. The broader portfolio of Exyn Technologies will help resolve challenges through continuous survey and mapping activities. The growing initiatives by governments and industry giants to boost the adoption of drone technology in the region, coupled with the presence of several drone battery market players, is supporting the Asia Pacific drone battery market growth.
The drone battery market is segmented on the basis of drone type, battery type, battery capacity, and industry. Based on drone type, the drone battery market is divided into mini quad and micro quad. Based on battery type, the drone battery market is segmented into NiCad, NiMH, and LiPo. Based on battery capacity, the drone battery market is segmented into below 3,000 mAh, 3,000-5,000 mAh, 5,000-10,000 mAh, and above 10,000 mAh. Based on industry, the drone battery market is segmented into agriculture & forestry, infrastructure inspection, utilities, construction, mining, and others.
AMIT industries L.T.D, Amperex Technology Limited, Autel Robotics, MMC-UAV, Eaglepitcher Technologies, Parrot Drone SAS, Maxamps, Shenzhen Grepow Battery Co, DJI, and RRC Power Solutions are a few of the key drone battery market players operating in the market. The drone battery market report provides detailed insights, which helps the key players strategize their growth across the market.
Reasons to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global drone battery market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the global drone battery market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Table Of Contents
1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Drone Battery Market Landscape
- 4.1 Market Overview
- 4.2 PEST Analysis
- 4.2.1 North America
- 4.2.2 Europe
- 4.2.3 Asia Pacific
- 4.2.4 Middle East & Africa
- 4.2.5 South America
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinion
- 4.5 Pricing Analysis
5. Drone Battery -Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Rise in Applications of Drones Across Different Industries
- 5.1.2 Limited Charging Capacity of Drone Batteries
- 5.2 Market Restraints
- 5.2.1 Introduction of Fuel Cell Technologies for Small Drone Applications
- 5.3 Market Opportunities
- 5.3.1 Growing Number of Drone Start-Ups
- 5.4 Future Trends
- 5.4.1 Introduction of Smart Batteries
- 5.5 Impact Analysis of Drivers and Restraints
6. Drone Battery Market - Global Analysis
- 6.1 Global Drone Battery Market Overview
- 6.2 Drone Battery Market - Revenue and Forecast to 2028 (US$ Million)
- 6.3 Market Positioning - Five Key Players
7. Global Drone Battery Market Analysis - by Drone Type
- 7.1 Overview
- 7.2 Global Drone Battery Market, by Drone Type (2021 and 2028)
- 7.3 Mini Quad
- 7.3.1 Overview
- 7.3.2 Mini Quad: Global Drone Battery Market Revenue and Forecast to 2028 (US$ Million)
- 7.4 Micro Quad
- 7.4.1 Overview
- 7.4.2 Micro Quad: Global Drone Battery Market Revenue and Forecast to 2028 (US$ Million)
8. Global drone battery Market Analysis - by Battery Type
- 8.1 Overview
- 8.2 Global Drone Battery Market, by Battery Type (2021 and 2028)
- 8.3 NiCad
- 8.3.1 Overview
- 8.3.2 NiCad: Global Drone Battery Market Revenue and Forecast to 2028 (US$ Million)
- 8.4 NiMH
- 8.4.1 Overview
- 8.4.2 NiMH: Global Drone Battery Market Revenue and Forecast to 2028 (US$ Million)
- 8.5 LiPo
- 8.5.1 Overview
- 8.5.2 LiPo: Global Drone Battery Market Revenue and Forecast to 2028 (US$ Million)
9. Global drone battery Market Analysis - by Battery Capacity
- 9.1 Overview
- 9.2 Global Drone Battery Market, by Battery Capacity (2021 and 2028)
- 9.3 Below 3,000 mAh
- 9.3.1 Overview
- 9.3.2 Below 3,000 mAh: Global Drone Battery Market Revenue and Forecast to 2028 (US$ Million)
- 9.4 3,000-5,000 mAh
- 9.4.1 Overview
- 9.4.2 3,000-5,000 mAh: Global Drone Battery Market Revenue and Forecast to 2028 (US$ Million)
- 9.5 5,000-10,000 mAh
- 9.5.1 Overview
- 9.5.2 5,000-10,000 mAh: Global Drone Battery Market Revenue and Forecast to 2028 (US$ Million)
- 9.6 Above 10,000 mAh
- 9.6.1 Overview
- 9.6.2 Above 10,000 mAh: Global Drone Battery Market Revenue and Forecast to 2028 (US$ Million)
10. Global drone battery Market Analysis - by Industry
- 10.1 Overview
- 10.2 Global Drone Battery Market, by Industry (2021 and 2028)
- 10.3 Agriculture and Forestry
- 10.3.1 Overview
- 10.3.2 Agriculture and Forestry: Global Drone Battery Market Revenue and Forecast to 2028 (US$ Million)
- 10.4 Infrastructure Inspection
- 10.4.1 Overview
- 10.4.2 Infrastructure Inspection: Global Drone Battery Market Revenue and Forecast to 2028 (US$ Million)
- 10.5 Utilities
- 10.5.1 Overview
- 10.5.2 Utilities: Global Drone Battery Market Revenue and Forecast to 2028 (US$ Million)
- 10.6 Construction
- 10.6.1 Overview
- 10.6.2 Construction: Global Drone Battery Market Revenue and Forecast to 2028 (US$ Million)
- 10.7 Mining
- 10.7.1 Overview
- 10.7.2 Mining: Global Drone Battery Market Revenue and Forecast to 2028 (US$ Million)
- 10.8 Others
- 10.8.1 Overview
- 10.8.2 Others: Global Drone Battery Market Revenue and Forecast to 2028 (US$ Million)
11. Drone Battery Market - Geographic Analysis
- 11.1 Overview
- 11.2 North America: Drone Battery Market
- 11.2.1 North America: Drone Battery Market - Revenue and Forecast to 2028 (US$ Million)
- 11.2.1.1 North America: Drone Battery Market, By Drone Type
- 11.2.1.2 North America: Drone Battery Market, by Battery Type
- 11.2.1.3 North America: Drone Battery Market, by Battery Capacity
- 11.2.1.4 North America: Drone Battery Market, by Industry
- 11.2.2 North America: Drone Battery Market, by Key Country
- 11.2.2.1 US: Drone Battery Market - Revenue and Forecast to 2028 (US$ Million)
- 11.2.2.1.1 US: Drone Battery Market, By Drone Type
- 11.2.2.1.2 US: Drone Battery Market, by Battery Type
- 11.2.2.1.3 US: Drone Battery Market, by Battery Capacity
- 11.2.2.1.4 US: Drone Battery Market, by Industry
- 11.2.2.2 Canada: Drone Battery Market - Revenue and Forecast to 2028 (US$ Million)
- 11.2.2.2.1 Canada: Drone Battery Market, By Drone Type
- 11.2.2.2.2 Canada: Drone Battery Market, by Battery Type
- 11.2.2.2.3 Canada: Drone Battery Market, by Battery Capacity
- 11.2.2.2.4 Canada: Drone Battery Market, by Industry
- 11.2.2.3 Mexico: Drone Battery Market - Revenue and Forecast to 2028 (US$ Million)
- 11.2.2.3.1 Mexico: Drone Battery Market, By Drone Type
- 11.2.2.3.2 Mexico: Drone Battery Market, by Battery Type
- 11.2.2.3.3 Mexico: Drone Battery Market, by Battery Capacity
- 11.2.2.3.4 Mexico: Drone Battery Market, by Industry
- 11.3 Europe: Drone Battery Market
- 11.3.1 Europe: Drone Battery Market - Revenue and Forecast to 2028 (US$ Million)
- 11.3.2 Europe: Drone Battery Market, By Drone Type
- 11.3.3 Europe: Drone Battery Market, by Battery Type
- 11.3.4 Europe: Drone Battery Market, by Battery Capacity
- 11.3.5 Europe: Drone Battery Market, by Industry
- 11.3.6 Europe: Drone Battery Market, by Key Country
- 11.3.6.1 Germany: Drone Battery Market - Revenue and Forecast to 2028 (US$ Million)
- 11.3.6.1.1 Germany: Drone Battery Market, By Drone Type
- 11.3.6.1.2 Germany: Drone Battery Market, by Battery Type
- 11.3.6.1.3 Germany: Drone Battery Market, by Battery Capacity
- 11.3.6.1.4 Germany: Drone Battery Market, by Industry
- 11.3.6.2 France: Drone Battery Market - Revenue and Forecast to 2028 (US$ Million)
- 11.3.6.2.1 France: Drone Battery Market, By Drone Type
- 11.3.6.2.2 France: Drone Battery Market, by Battery Type
- 11.3.6.2.3 France: Drone Battery Market, by Battery Capacity
- 11.3.6.2.4 France: Drone Battery Market, by Industry
- 11.3.6.3 Italy: Drone Battery Market - Revenue and Forecast to 2028 (US$ Million)
- 11.3.6.3.1 Italy: Drone Battery Market, by Battery Type
- 11.3.6.3.2 Italy: Drone Battery Market, by Battery Capacity
- 11.3.6.3.3 Italy: Drone Battery Market, by Industry
- 11.3.6.4 UK: Drone Battery Market - Revenue and Forecast to 2028 (US$ Million)
- 11.3.6.4.1 UK: Drone Battery Market, By Drone Type
- 11.3.6.4.2 UK: Drone Battery Market, by Battery Type
- 11.3.6.4.3 UK: Drone Battery Market, by Battery Capacity
- 11.3.6.4.4 UK: Drone Battery Market, by Industry
- 11.3.6.5 Russia: Drone Battery Market - Revenue and Forecast to 2028 (US$ Million)
- 11.3.6.5.1 Russia: Drone Battery Market, By Drone Type
- 11.3.6.5.2 Russia: Drone Battery Market, by Battery Type
- 11.3.6.5.3 Russia: Drone Battery Market, by Battery Capacity
- 11.3.6.5.4 Russia: Drone Battery Market, by Industry
- 11.3.6.6 Rest of Europe: Drone Battery Market - Revenue and Forecast to 2028 (US$ Million)
- 11.3.6.6.1 Rest of Europe: Drone Battery Market, By Drone Type
- 11.3.6.6.2 Rest of Europe: Drone Battery Market, by Battery Type
- 11.4 Asia Pacific: Global Drone Battery Market
- 11.4.1 Asia Pacific: Drone Battery Market - Revenue and Forecast to 2028 (US$ Million)
- 11.4.2 Asia Pacific: Drone Battery Market, By Drone Type
- 11.4.3 Asia Pacific: Drone Battery Market, by Battery Type
- 11.4.4 Asia Pacific: Drone Battery Market, by Battery Capacity
- 11.4.5 Asia Pacific: Drone Battery Market, by Industry
- 11.4.6 Asia Pacific: Drone Battery Market, by Key Country
- 11.4.6.1 Australia: Drone Battery Market - Revenue and Forecast to 2028 (US$ Million)
- 11.4.6.1.1 Australia: Drone Battery Market, By Drone Type
- 11.4.6.1.2 Australia: Drone Battery Market, by Battery Type
- 11.4.6.1.3 Australia: Drone Battery Market, by Battery Capacity
- 11.4.6.1.4 Australia: Drone Battery Market, by Industry
- 11.4.6.2 China: Drone Battery Market - Revenue and Forecast to 2028 (US$ Million)
- 11.4.6.2.1 China: Drone Battery Market, By Drone Type
- 11.4.6.2.2 China: Drone Battery Market, by Battery Type
- 11.4.6.2.3 China: Drone Battery Market, by Battery Capacity
- 11.4.6.2.4 China: Drone Battery Market, by Industry
- 11.4.6.3 India: Drone Battery Market - Revenue and Forecast to 2028 (US$ Million)
- 11.4.6.3.1 India: Drone Battery Market, By Drone Type
- 11.4.6.3.2 India: Drone Battery Market, by Battery Type
- 11.4.6.3.3 India: Drone Battery Market, by Battery Capacity
- 11.4.6.3.4 India: Drone Battery Market, by Industry
- 11.4.6.4 Japan: Drone Battery Market - Revenue and Forecast to 2028 (US$ Million)
- 11.4.6.4.1 Japan: Drone Battery Market, By Drone Type
- 11.4.6.4.2 Japan: Drone Battery Market, by Battery Type
- 11.4.6.4.3 Japan: Drone Battery Market, by Battery Capacity
- 11.4.6.4.4 Japan: Drone Battery Market, by Industry
- 11.4.6.5 South Korea: Drone Battery Market - Revenue and Forecast to 2028 (US$ Million)
- 11.4.6.5.1 South Korea: Drone Battery Market, By Drone Type
- 11.4.6.5.2 South Korea: Drone Battery Market, by Battery Type
- 11.4.6.5.3 South Korea: Drone Battery Market, by Battery Capacity
- 11.4.6.5.4 South Korea: Drone Battery Market, by Industry
- 11.4.6.6 Rest of Asia Pacific: Drone Battery Market - Revenue and Forecast to 2028 (US$ Million)
- 11.4.6.6.1 Rest of Asia Pacific: Drone Battery Market, By Drone Type
- 11.4.6.6.2 Rest of Asia Pacific: Drone Battery Market, by Battery Type
- 11.4.6.6.3 Rest of Asia Pacific: Drone Battery Market, by Battery Capacity
- 11.4.6.6.4 Rest of Asia Pacific: Drone Battery Market, by Industry
- 11.5 Middle East & Africa: Global Drone Battery Market
- 11.5.1 Middle East & Africa: Drone Battery Market - Revenue and Forecast to 2028 (US$ Million)
- 11.5.2 Middle East & Africa: Drone Battery Market, By Drone Type
- 11.5.3 Middle East & Africa: Drone Battery Market, by Battery Type
- 11.5.4 Middle East & Africa: Drone Battery Market, by Battery Capacity
- 11.5.5 Middle East & Africa: Drone Battery Market, by Industry
- 11.5.6 Middle East & Africa: Drone Battery Market, by Key Country
- 11.5.6.1 South Africa: Drone Battery Market - Revenue and Forecast to 2028 (US$ Million)
- 11.5.6.1.1 South Africa: Drone Battery Market, by Drone Type
- 11.5.6.1.2 South Africa: Drone Battery Market, by Battery Type
- 11.5.6.1.3 South Africa: Drone Battery Market, by Battery Capacity
- 11.5.6.1.4 South Africa: Drone Battery Market, by Industry
- 11.5.6.2 Saudi Arabia: Drone Battery Market - Revenue and Forecast to 2028 (US$ Million)
- 11.5.6.2.1 Saudi Arabia: Drone Battery Market, by Drone Type
- 11.5.6.2.2 Saudi Arabia: Drone Battery Market, by Battery Type
- 11.5.6.2.3 Saudi Arabia: Drone Battery Market, by Battery Capacity
- 11.5.6.2.4 Saudi Arabia: Drone Battery Market, by Industry
- 11.5.6.3 UAE: Drone Battery Market - Revenue and Forecast to 2028 (US$ Million)
- 11.5.6.3.1 UAE: Drone Battery Market, by Battery Type
- 11.5.6.3.2 UAE: Drone Battery Market, by Battery Capacity
- 11.5.6.3.3 UAE: Drone Battery Market, by Industry
- 11.5.6.4 Rest of Middle East & Africa: Drone Battery Market - Revenue and Forecast to 2028 (US$ Million)
- 11.5.6.4.1 Rest of Middle East & Africa: Drone Battery Market, by Drone Type
- 11.5.6.4.2 Rest of Middle East & Africa: Drone Battery Market, by Battery Type
- 11.5.6.4.3 Rest of Middle East & Africa: Drone Battery Market, by Battery Capacity
- 11.5.6.4.4 Rest of Middle East & Africa: Drone Battery Market, by Industry
- 11.6 South America: Global Drone Battery Market
- 11.6.1 South America: Drone Battery Market - Revenue and Forecast to 2028 (US$ Million)
- 11.6.2 South America: Drone Battery Market, By Drone Type
- 11.6.3 South America: Drone Battery Market, by Battery Type
- 11.6.4 South America: Drone Battery Market, by Battery Capacity
- 11.6.5 South America: Drone Battery Market, by Industry
- 11.6.6 South America: Drone Battery Market, by Key Country
- 11.6.6.1 Brazil: Drone Battery Market - Revenue and Forecast to 2028 (US$ Million)
- 11.6.6.1.1 Brazil: Drone Battery Market, by Drone Type
- 11.6.6.1.2 Brazil: Drone Battery Market, by Battery Type
- 11.6.6.1.3 Brazil: Drone Battery Market, by Battery Capacity
- 11.6.6.1.4 Brazil: Drone Battery Market, by Industry
- 11.6.6.2 Argentina: Drone Battery Market - Revenue and Forecast to 2028 (US$ Million)
- 11.6.6.2.1 Argentina: Drone Battery Market, by Drone Type
- 11.6.6.2.2 Argentina: Drone Battery Market, by Battery Type
- 11.6.6.2.3 Argentina: Drone Battery Market, by Battery Capacity
- 11.6.6.2.4 Argentina: Drone Battery Market, by Industry
- 11.6.6.3 Rest of SAM: Drone Battery Market - Revenue and Forecast to 2028 (US$ Million)
- 11.6.6.3.1 Rest of SAM: Drone Battery Market, by Drone Type
- 11.6.6.3.2 Rest of SAM: Drone Battery Market, by Battery Type
- 11.6.6.3.3 Rest of SAM: Drone Battery Market, by Battery Capacity
- 11.6.6.3.4 Rest of SAM: Drone Battery Market, by Industry
12. Drone Battery Market- COVID-19 Impact Analysis
- 12.1 Overview
- 12.2 North America: Impact Assessment of COVID-19 Pandemic
- 12.3 Europe: Impact Assessment of COVID-19 Pandemic
- 12.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
- 12.5 MEA: Impact Assessment of COVID-19 Pandemic
- 12.6 South America Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
- 13.1 Overview
- 13.2 Market Initiative
- 13.3 Product Development
14. Company Profiles
- 14.1 AMIT industries Ltd
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
- 14.2 Amperex Technology Ltd
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
- 14.3 Autel Robotics Co Ltd
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
- 14.4 MicroMultiCopter Aero Technology Co Ltd
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
- 14.5 SES AI Corporation
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 SWOT Analysis
- 14.5.5 Key Developments
- 14.6 Parrot Drone SAS
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
- 14.7 Austin Else LLC
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
- 14.8 Shenzhen Grepow Battery Co Ltd
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
- 14.9 SZ DJI Technology Co Ltd
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
- 14.10 RRC Power Solutions Inc
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments
15. Appendix
- 15.1 About The Insight Partners
- 15.2 Word Index