Drone Battery Market Size Report - Global Trends and Forecasts 2028

Drone Battery Market Forecast to 2028 - Global Analysis By Drone Type (Mini Quad and Micro Quad), Battery Type (NiCad, NiMH, and LiPo), Battery Capacity (Below 3,000 mAh, 3,000-5,000 mAh, 5,000-10,000 mAh, and Above 10,000 mAh), and Industry (Agriculture & Forestry, Infrastructure Inspection, Utilities, Construction, Mining, and Others)

  • Report Code : TIPRE00020263
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 176
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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.

The drone industry is considered one of the fastest-growing industries. Drones are used due to the growing need for safe, cost-effective solutions for data collection, mapping & surveying, inspection, logistics, etc. They can perform increasingly complex tasks such as data collection, mapping, and surveying in an extreme environment where manual surveying techniques are risky and impossible. Particularly, using mini and micro quad drones for scanning and surveying solutions is considered extremely beneficial in places where humans fail to perform tasks in a timely and efficient manner.

Various industry players are adopting drone technologies in construction, photography, agriculture, and other industries. Drones help study aerial data in these industries, which helps to provide accurate data in a shorter time compared to manual surveying. It can simultaneously collect and provide critical information for a variety of fields, including agricultural fields, construction sites, building inspections, and mining inspections. Surveillance by these drones helps better analyze situations to make certain decisions beneficial to increase productivity. For example, surveillance of drones in agricultural fields helps detect insect and pest situations which can be treated and prevented with early analysis by drone. Thus, using drones as a cost-effective solution to increase productivity is fueling the demand for drones, propelling the drone battery market growth.

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Drone Battery Market: Strategic Insights

Drone Battery Market

  • CAGR (2022 - 2028)
    16.2%
  • Market Size 2022
    US$ 994.97 Million
  • Market Size 2028
    US$ 2,450.56 Million

Market Dynamics

GROWTH DRIVERS
  • Rise in Applications of Drones Across Different Industries
  • Limited Charging Capacity of Drone Batteries
FUTURE TRENDS
  • Introduction of Smart Batteries
OPPORTUNITIES
  • Growing Number of Drone Start-Ups

Key Players

  • AMIT industries L.T.D
  • Amperex Technology Limited
  • Autel Robotics
  • MMC-UAV
  • SES AI Corporation
  • Parrot Drone SAS
  • Maxamps
  • Shenzhen Grepow Battery Co
  • DJI

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Drone Type
  • Mini Quad and Micro Quad
Battery Type
  • NiCad
  • NiMH
  • LiPo
Battery Capacity
  • Below 3
  • 000 mAh
  • 3
  • 000-5
  • 000 mAh
  • 5
  • 000-10
  • 000 mAh
  • Above 10
  • 000 mAh
Industry
  • Agriculture & Forestry
  • Infrastructure Inspection
  • Utilities
  • Construction
  • Mining
  • Others
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Impact of COVID-19 Pandemic on Drone Battery Market

In North America, the US is the largest technologically advanced country, followed by Canada and Mexico. However, the COVID-19 pandemic forced these countries on the back foot to invest in the development of new drone battery technologies and acquire them. There was a complete halt in the production, manufacturing, and supply chain of drone batteries due to longer lockdowns implemented by various governments in their respective countries during the COVID-19 pandemic. Also, there were disruptions in supply chains for various orders placed by the customers and contractors, which resulted in revenue loss among key drone battery market players. The impact of the pandemic on the sectors such as agriculture, commercial, and manufacturing had a negative effect on the GDPs of these countries. However, the players operating in the drone industry in North America have restarted the procurement of drones in the post-COVID-19 recovery period as the companies were able to sign contracts and agreements for the supply of drones and its battery and accessories. Hence, the drone battery market has been regaining its momentum since 2021.

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Insight – Drone Battery Market

Drone battery endurance is one of the major issues for the drone industry. A drone battery with a good charging capacity can resolve this issue. Charge capacity is the amount of energy used in charging a battery. Mini and micro drones used for surveying and mapping in several applications, such as construction, mining, and agriculture, require battery capacities ranging from 10,000 mAh to 15,000 mAh. These drones use rechargeable batteries. Therefore, companies are engaged in providing good battery charging solutions. For instance, according to GensTattu, in January 2022, Tattu launched NMC 532 fast-charging battery for drones. These batteries are made with a 15% reduction in weight, which enhances their performance. Such developments are catalyzing the drone battery market size across different regions.  One of the main features of these batteries is their specialist cathode ratio, which improved the battery efficiency by 60%. Mini and micro drones are used for up to 1 hour and get charged with limited charging capacity. Thus, the limited charging capacity required for drone batteries, coupled with manufacturers launching advanced battery solutions, is driving the drone battery market growth.

Drone Battery Market by Drone Type

electronics-and-semiconductor
Drone Battery Market by Drone Type
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Battery Type-Based Insights

Based on battery type, the drone battery market is segmented into NiCad, NiMH, and LiPo. The LiPo segment accounted for a larger drone battery market share in 2022. A lithium polymer (LiPo) battery is a rechargeable battery and uses lithium-ion technology. The polymer in LiPo batteries helps for high conductivity and provides higher energy than other battery types. LiPo batteries are widely used in several applications as they are lighter in weight than others. The battery has great power output in terms of quality and quantity, and its power output is steady throughout the discharge compared to other types of batteries. Moreover, LiPo batteries have no memory effect; an effect occurs as there is a reduction in the longevity of the rechargeable battery's charge due to incomplete discharge in previous uses. In addition, drones with LiPo batteries have longer flight time and better performance than drones with other batteries, which, in turn, augments the drone battery market growth for the LiPo segment.

Players operating in the drone battery market are mainly focused on the development of advanced and efficient products.

  • In December 2022, DJI introduced a new drone named DJI Mini 3, which is a sub-249g drone, making it suitable for anyone to fly it anywhere. The drone has been designed to be highly portable, allowing for easy transportation and use in a variety of settings. The DJI Mini 3 is equipped with a 4K camera that captures high-quality footage and photos, and it can fly for up to 30 minutes on a single charge.
  • In January 2019, CFD Research Corporation signed an exclusive agreement with EaglePicher Technologies to use its high-voltage battery materials.

AMIT industries L.T.D, Amperex Technology Limited, Autel Robotics, MMC-UAV, SES AI, 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 market insights, which help the key drone battery market players strategize their growth for the coming years.

Drone Battery Market Report Scope

Report Attribute Details
Market size in 2022 US$ 994.97 Million
Market Size by 2028 US$ 2,450.56 Million
Global CAGR (2022 - 2028) 16.2%
Historical Data 2020-2021
Forecast period 2023-2028
Segments Covered By Drone Type
  • Mini Quad and Micro Quad
By Battery Type
  • NiCad
  • NiMH
  • LiPo
By Battery Capacity
  • Below 3
  • 000 mAh
  • 3
  • 000-5
  • 000 mAh
  • 5
  • 000-10
  • 000 mAh
  • Above 10
  • 000 mAh
By Industry
  • Agriculture & Forestry
  • Infrastructure Inspection
  • Utilities
  • Construction
  • Mining
  • Others
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • AMIT industries L.T.D
  • Amperex Technology Limited
  • Autel Robotics
  • MMC-UAV
  • SES AI Corporation
  • Parrot Drone SAS
  • Maxamps
  • Shenzhen Grepow Battery Co
  • DJI
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    Drone Type, Battery Type, Battery Capacity, and Industry

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

    Frequently Asked Questions


    What is the incremental growth of the drone battery market during the forecast period?

    The drone battery market is expected to register an incremental growth value of US$ 1,455.59 million during the forecast period

    What are the driving factors impacting the drone battery market?

    1. Rise in Applications of Drones Across Different Industries
    2. Limited Charging Capacity of Drone Batteries

    What is the estimated global market size for the drone battery market in 2022?

    The estimated global market size for the drone battery market in 2022 is expected to be around US$ 994.97 million in 2022

    Which are the key players holding the major market share of drone battery market?

    DJI, Amperex Technology Limited, Parrot Drones SAS, Autel Robotics, and Shenzhen Grepow Battery Co are the key market players expected to hold a major market share of drone battery market in 2022

    Which country is holding the major market share of drone battery market?

    US is expected to hold a major market share of drone battery market in 2022

    Which is the fastest growing regional market?

    Asia Pacific is expected to register highest CAGR in the drone battery market during the forecast period (2022-2028)

    Which countries are registering a high growth rate during the forecast period?

    India, China, and France are expected to register high growth rate during the forecast period

    What will be the global market size of drone battery market by 2028?

    The global market size of drone battery market by 2028 will be around US$ 2,450.56 million

    Which is the leading type segment in the drone battery market?

    Mini quad segment is expected to hold a major market share of drone battery market in 2022

    The List of Companies - Drone Battery Market

    1. AMIT industries L.T.D
    2. Amperex Technology Limited
    3. Autel Robotics
    4. MMC-UAV
    5. SES AI Corporation
    6. Parrot Drone SAS
    7. Maxamps
    8. Shenzhen Grepow Battery Co
    9. DJI
    10. RRC Power Solutions

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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