[Research Report] 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

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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.

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.

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.

Drone Battery Market Report Scope

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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.