Batteries for UAVs or Unmanned Aerial Vehicles are expected to rise in demand significantly over the next 10 years. Last year, the Indian government approved manufacturing of drones within the country with a clear framework on security requirements. With countries like India taking the lead of allowing drone manufacturing, and growing demand for drones in a wide variety of industries and applications, the UAV battery market is expected to witness significant growth.

Drones are widely in demand in various industries including construction, agriculture, emergency response, mapping, law enforcement, surveillance, and e-commerce as well. The drone technology may significantly surpass conventional ways of operation. For example, in e-commerce deliveries can be extremely expensive, sometimes outweighing the costs of ordered food or products. Moreover, the model may seem unsustainable to many over the long run. However, with the introduction of drones, vehicles and reliance on manual labor can be minimised to create significant opportunities for players in the UAV battery market.

Drones are also expected to be the next wave of innovation in major sectors like agriculture and defence. In agriculture, drones show tremendous potential in providing live-monitoring of crops for nutrition, diseases, and various cost-cutting measures. Moreover, inclusion of drones for surveillance in defence sector is also growing. Drones can also be ideal for providing insights from areas which are difficult to access during natural hazards. The expansion of drones in several key industries is expected to be a major boon for the UAV battery market.

The key pain point in the UAV battery market apart from performance and reliability is their ability to withstand heavy-duty applications. Drones are expected to undertake several important applications in a wide range of industries. Moreover, these applications will require them to withstand harsh weather conditions and operate without a fail. The demand for UAV batteries to withstand heavy humidity, pressure, and temperatures are expected to remain significant potential opportunities for players in the UAV battery market.

In unmanned aerial vehicle (UAV), battery is an integral part of the system as energy stored in the battery is used to provide power during flight of an UAV. Most of the UAV batteries are small size and light weight as the presence of large number of small size drones requires compact battery, whereas, large size UAV has powerful engine which is powered by complex battery systems. In UAV, lithium based batteries are highly used, as they have higher energy density as compared to the older nickel based technologies due to which lithium based batteries provide more power per unit weight. The main parameter which is majorly focused while choosing a battery are capacity of battery, discharge rate, and voltage level. Also, there are other factors that affect section of battery which includes lifespan of battery, activation time, cost, and charging time. There are five types of unmanned aerial vehicles such as low-altitude long endurance (LALE) UAV, medium-altitude long endurance (MALE) UAV that flies at an altitude between 10,000 to 30,000 feet for 24 to 48 hours, high-altitude long endurance (HALE) UAV that flies at height of 60,000 feet, tactical UAV which is designed for the surveillance for military operations, and small UAV that are man portable. All these types of UAV are operated via battery. Furthermore, UAV are majorly used in surveillance, package delivery, construction, agriculture, and military applications.

One of the major driving factor for the growth of global UAV battery market is increasing use of unmanned aerial vehicle in military surveillance application. Additionally, government agencies such as, Federal Air Transport Agency (FATA) and Federal Aviation Administration (FAA), are continuously working on policies to improve the efficacy of battery performance and safety of unmanned aerial vehicle. Moreover, in UAV’s battery plays a vital role, as the flight time is dependent on battery life, and in dead stick condition when battery gets completely drained during flight it can be dangerous. To avoid these condition, battery management system are used to continuously monitor important parameters of battery such as current, voltage, temperature, state of health, state of charge, and may calculate additional information based on these parameters. Considering the advantages offered by battery, the demand of UAV battery in military applications is expected to drive UAV battery market during forecast period. Moreover, with growing demand of unmanned aerial vehicle for hazardous applications and technological advancement in fuel cell to improve the performance of UAV’s are anticipated to fuel the growth of UAV battery market in coming years. Furthermore, increasing need for longer fight duration and improved endurance in UAV is expected to offer an opportunity to UAV battery market. However, high cost, high discharge rate, and low payload capacity of UAV’s is expected to be the major restraining factor for growth of global UAV battery market.

The global UAV Battery market has been segmented based on UAV type, battery type, and region. Based on UAV type, the global UAV battery market can be classified into low-altitude long endurance (LALE), medium-altitude long endurance (MALE), high-altitude long endurance (HALE), tactical, and small. Based on battery type the UAV battery market can be segmented into fuel cell, lithium-ion, nickel cadmium, and lithium polymer. Additionally, based on geography, the UAV battery market is further segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Some of the key players operating in the global UAV battery market with significant developments include Ballard Power Systems, Denchi Power Limited, Sion Power Corporation, Tadiran Batteries, OXIS Energy, H3 Dynamics, Ultracharge, MicroMultiCopter Aero Technology Co. Ltd., and Hylium Industries INC. among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold 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.

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.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Uav Battery Market

Pre Book