Global Energy Storage Systems for Drones Market: Overview

A drone is an unmanned aircraft/vehicle. It is also known as unmanned aerial vehicle (UAV) or unmanned aircraft system (UAS). In simpler terms, a drone is a flying robot. The aircraft can either be remotely controlled or fly autonomously by using software-controlled flight plans existing in their embedded systems working in conjunction with onboard sensors and the GPS. Multi-rotor drones are the most commonly used drones, due to their high level of maneuverability. In order to optimize the performance of UAVs, operators need to select the correct energy system. In drones, efficient batteries, chargers, starters, and backup batteries are utilized in order to guarantee high performance, reliability, and extended life. Battery-powered aerial vehicles or drones are already in use for various functions of military intelligence as well as for commercial, recreational, scientific, surveillance and agricultural applications.

Availability of unmanned aerial systems (drones) is rising significantly in both defense and civilian sectors. Sale of drones is an important indicator of the demand for and popularity of drones in the public sector, commercial enterprises, and the government. Drones are being increasingly used for various purposes ranging from hobby to commercial and military. The military sector accounts for the maximum demand for drones. It is followed by the hobbyist/consumer sector and then, the commercial sector. Since the global economic crisis of 2007, the energy industry has undergone significant transformation. The energy industry has adopted a range of new technologies such as technologies related to energy storage in drones. New-generation batteries can power aerial drones in a better manner. Researchers at Oxis Energy, a company based in the U.K., are developing batteries with a combination of lithium and sulfur, which can store nearly twice the amount of energy per kilogram as the lithium-ion batteries used in electric cars currently. The normal batteries do not last very long, conking out after 100 or so charging cycles. However, the company hopes that for applications such as aerial drones, submersibles, and power packs, weight would matter more than price or longevity.

Global Energy Storage Systems for Drones Market: Key Segments

The global energy storage systems for drones market can be segmented based on drone type, energy storage type, application, and region. In terms of drone type, the energy storage systems for drones market can be divided into multi-rotor, fixed-wing, and hybrid. In terms of energy storage, the energy storage systems for drones market can be classified into battery and fuel cell. The battery segment can be sub-divided into lithium-ion battery and others. In terms of application, the energy storage systems for drones market can be segregated into oil & gas, renewable, mining, and others.

Global Energy Storage Systems for Drones Market: Regional Outlook

Based on geography, the global energy storage systems for drones market can be segmented into North America, Europe, Latin America, Asia Pacific, and Middles East & Africa. Asia Pacific dominates the global Energy Storage Systems for Drones Market. Countries in Europe are early adopters of the drone technology. A majority of drones in North America and Europe are being operated to capture images for mining, wind, and oil & gas industries, in particular. North America and Middle East & Africa have witnessed adoption of drone surveillance services most commonly by the oil & gas sector. Regulations is also a key to develop new applications of the drone technology. In countries of ASEAN such as Indonesia, drones are being used for stringing power lines across valleys. In certain cases, as in the oil & gas industry, drones are also employed to inspect tanks and other enclosed spaces. This is expected to augment the demand for energy storage systems for drones, especially lithium-ion batteries.

Global Energy Storage Systems for Drones Market: Key Players

Key players operating in the global energy storage systems for drones market include SolidEnergy Systems, Oxis Energy, Ballard Power Systems, Amperex Technology Limited, and Kokam. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Energy Storage Systems Drones Market

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