[Research Report] The drone lithium battery market size is expected to grow from US$ 4.07 billion in 2022 to US$ 12.65 billion by 2030; it is estimated to record a CAGR of 15.2% from 2022 to 2030.

 

Analyst Perspective:

In recent years, drone manufacturers have emphasized the development of drone batteries that are energy-efficient, lightweight, cost-effective, and capable of carrying greater payloads over longer distances. Technological advancements in electronics, such as mobile hardware, modern computing, processors, microcontrollers, and cameras, drive the demand for commercial drone by promoting the drone lithium battery market share. Lithium-ion batteries have a higher energy density than other battery types such as nickel-cadmium or lead-acid. These batteries can stock more energy per unit of weight for drones that fly for extended periods. Further, Li-ion batteries have an extensive lifespan compared to other battery types, which means they can be recharged multiple times before replacement. Thus, driving the drone lithium battery market growth substantially.

Additionally, the availability of more affordable and compact models of drone lithium batteries is boosting the drone lithium battery market growth. India, Mexico, Brazil, and several other nations have also increased the use of drones in military and commercial applications such as intelligence gathering, surveillance, computers, command, control, and recognizing tasks. Thus, all these factors are likely to bring new market trends in the drone lithium battery market growth during the forecast period.

Market Overview:

Drones, also known as unmanned aerial vehicles (UAV), are aircraft without pilots on board. A drone battery is one of the most significant components in any drone system. It delivers multiple power sources to the propellers for the drone to take flight for a limited period (~25–30 mins). Lithium-ion batteries are one of the most commonly used battery types across the small drone (mini and micro) industry. Lithium batteries, such as lithium-ion, lithium polymer, and lithium sulfur, are used for powering drones and making them capable of operating in a hazardous environment. Moreover, nations such as the US, China, and Japan are making significant investments in the development of cost-effective drone batteries such as lithium-sulfur. The growing adoption of drones to reduce the number of fatalities and gain real-time data is fuelling drone lithium battery market share. Drone lithium batteries offer several benefits, including durability, longer run time, high density, and sustainable solutions over other batteries. The global drone lithium battery market is primarily driven by the growing adoption of drones in a variety of applications such as mapping, surveying, and monitoring.

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Drone Lithium Battery Market: Strategic Insights

Drone Lithium Battery Market

• 
  CAGR (2022 - 2030)

  15.2%
• Market Size 2022
  US$ 4.07 Billion
• Market Size 2030
  US$ 12.65 Billion

Market Dynamics

GROWTH DRIVERS

• Technological Advancements in Lithium Batteries for Drones
• Technological Advancements in Lithium Batteries for Drones
• Significant Benefits Offered by Lithium Battery to Drone

FUTURE TRENDS

• Increasing Focus on Research and Development of High-performance Drones

OPPORTUNITIES

• Growing Number of Drone Start-ups
• Development of Cutting-Edge Technologies Associated with Drone Lithium Batteries

Key Players

• LG Chem Ltd
• Parrot Drone SAS
• UPERGY Ltd
• Max Amps Inc
• DNK Power Co Ltd
• EaglePicher Technologies LLC
• CTECHi Technology Co Ltd
• RRC Power Solutions GmbH
• Shenzhen Grepow Battery Co Ltd

Regional Overview

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

Market Segmentation

Battery Type

• Li-ion
• Li-Po
• Li-S

Battery Capacity

• Below 3
• 000 mAh
• 3
• 000?5
• 000 mAh
• Above 5
• 000 mAh

Drone MTOW

• Below 100 Kgs
• 100?200 Kgs
• Above 200 Kgs

Wing Type

• Fixed Wing and Rotary Wing

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Market Driver:

Technological Advancements in Lithium Batteries for Drones Drives Drone Lithium Battery Market

Lithium batteries have arisen as the frontrunners in the ever-evolving landscape of energy storage technology, providing compact and efficient power solutions for an extensive range of applications. Among these, lithium-polymer (Li-Po) and lithium-ion (Li-ion) batteries have established themselves as protuberant choices for power delivery and energy storage for numerous industries. Since the Second World War, UAVs or drones were principally associated with defense and the military. They were used for aerial surveillance, anti-aircraft target practice, intelligence gathering, weaponry, and artillery spotting. Primarily developed for military and law enforcement purposes, drones rapidly found their way into the commercial and civilian sectors, owing to technological advancements that made them more reasonably priced, accessible, and capable, is driving the drone lithium battery market size. In October 2023, Amazon Pharmacy announced the launch of its first drone delivery in College Station, Texas. With this, Amazon packages will be dropped by drones within 60 minutes of being ordered via Amazon Pharmacy. Similarly, in October 2023, an electronics and telecom manufacturing company, Optiemus Infracom, entered the unmanned systems market by launching its drones, which were designed and manufactured in India. The company showcased its diverse range of drones at the India Mobile Congress 2023, featuring progressive technologies, a secure communication system, advanced sensors, and stringent safety protocols. Thus, driving the drone lithium battery market.

Report Segmentation and Scope:

The drone lithium battery market forecast involves the segmentation of the market based on battery type, battery capacity, drone MTOW, wing type, end use, and geography. Based on battery type, the drone lithium battery market forecast is segmented into Li-ion, Li-Po, and Li-S. In terms of battery capacity, the drone lithium battery market analysis is done on 3,000 mAh; 3,000–5,000 mAh; and above 5,000 mAh. On the basis of drone MTOW, the market is categorized into 100 Kgs, 100–200 Kgs, and above 200 Kgs. Based on wing type, the drone lithium battery market analysis is done on fixed wing and rotary wing. In terms of end use, the market is bifurcated into military and commercial. Geographically, the drone lithium battery market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM.

Segmental Analysis:

Based on battery type, the drone lithium battery market analysis done for Li-ion, Li-Po, and Li-S. The Li-Po segment held the largest drone lithium battery market share in 2022 and is likely to grow during the forecast period. Lithium Polymer (Li-Po) batteries are most frequently used in the drone industry owing to their high discharge rate. These batteries are rechargeable, can maintain the highest voltage, and are capable of working high power applications such as radio-controlled drones and aircraft. Over the last few years, lithium polymer batteries have gained popularity in the radio control industry due to their unsuppressed performance and high energy density. Lithium polymer batteries are lightweight batteries that keep drones in the air without adding excessive weight or mass that may hinder their mobility. In addition, these batteries have higher voltage stability over a wider temperature range and offer a high level of current output that keeps drones operating for longer flights, which increases their adoption among the military and aircraft industries. Major aerospace companies, such as Lockheed Martin Corporation; Boeing; NASA; and Blue Origin, LLC, are increasingly incorporating Li-Po batteries to enhance drone performance in aerial photography or surveillance.

Regional Analysis:

North America was estimated to be among the prominent regions in the drone lithium battery market in 2022. This is due to several small drone manufacturing companies within countries such as the US and Canada. A few major regional drone manufacturers include Freefly Systems, FLIR, and Dragonfly. These companies constantly manufacture new drone products to remain competitive in their respective marketplace. The US has already banned the sale of China-based products, which is attributed to be one of the major factors for the low penetration of China-based drone companies in the US market.

North America has a well-developed aerospace & defense sector. In September 2023, Amprius and Tenergy launched a revolutionary high-performance drop-in drone battery pack that is 31% lighter than competing products in the drone lithium battery market; also, the pack has a 6% greater energy capacity than other products. The drone lithium battery market players significantly investing to increase their share in the global drone lithium battery market.

• In October 2021, DroneBase, a company providing drones for aerial imaging, raised US$ 20 million for the global expansion of its business in the renewable energy industry and other industries. Through its products, the company helps reduce risks by enabling the continuous monitoring of various fields.
• In June 2021, Skyfish, a drone manufacturer, received US$ 20 million from venture-backed Series Seed funding. The company specializes in providing drone solutions for precise data collection and analysis for critical situations. The funding helped it expand its portfolio of solutions to various sectors.

Drone Lithium Battery Market Report Scope

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Key Player Analysis:

The drone lithium battery market report emphasizes the key factors driving the market and prominent players' developments LG Chem Ltd, Parrot Drone SAS, UPERGY Ltd, Max Amps Inc, DNK Power Co Ltd, EaglePicher Technologies LLC, CTECHi Technology Co Ltd, RRC Power Solutions GmbH, Shenzhen Grepow Battery Co Ltd, and Steatite Ltd are among the prominent players profiled in the drone lithium battery market report. In addition, several other players have been studied and analyzed during the study to get a holistic view of the market and its ecosystem. The drone lithium battery market forecast can help stakeholders in this marketplace plan their growth strategies.

Recent Developments: 

The drone lithium battery market players highly adopt inorganic and organic strategies. A few recent key market developments are listed below:

• In November 2023, EaglePicher Technologies announced its plan to provide essential battery technology to power both the Orion spacecraft crew module and the Space Launch System (SLS) flight termination system used in NASA’s Artemis I Launch. EaglePicher Technologies provides 120-volt rechargeable lithium-ion batteries that power the crew module, which consists of communications, propulsion, navigation, and thermal control.
• In September 2023, EaglePicher Technologies was selected by Saab AB to develop and manufacture lithium-ion main and emergency batteries used in E-series fighter aircraft. The new 24-volt, 36 amp-hour lithium-ion main and emergency batteries add robustness and improve redundancy on the Gripen E-series. The batteries power avionics and weapon systems to deliver enhanced, instantaneous power for engine start in austere and cold-weather operations.
• In September 2022, RRC Power Solutions GmbH adopted a dual-sourcing strategy to prevent supply shortages. The strategy helps the company develop existing standard battery packs, such as the RRC2054, and plan product launches with shorter delivery times.
• In August 2022, Shenzhen Grepow Battery Co Ltd launched a new concept—Drone Battery 3.0 Era (G3 for short)—to redefine the industry standard of customized drone batteries.