Global UAV Battery Marketwas valued at US$ xx Bn in 2019 and is expected to reach US$ xx Bn by 2026, at a CAGR of 14.7%.
Global UAV Battery Market
Global UAV Battery Market Introduction
UAVs are frequently employed to increase cross-border surveillance, military intelligence, and border security. Over the projection period, demand for batteries for UAVs is expected to grow steadily. With a clear framework on security concerns, the Indian government allowed the manufacture of drones within the country. With nations like India leading the way in allowing drone manufacturing and increasing demand for drones across a wide range of sectors and applications, the UAV battery market is likely to rise significantly.
Global UAV Battery Market Dynamics
The global market for UAV batteries is expected to grow as the number of UAVs produced across various countries rises. The market for unmanned aerial vehicles has grown in recent years in countries such as the United States, China, India, and others. For instance, in 2019, the Federal Aviation Administration (FAA) reported that there were 1.3 million registered drones and thousands of unregistered drones in the United States. By 2022, the FAA estimates that 2.4 million drones will have been registered. Due to an increase in enemy trespassing and border security, several governments and companies are focusing on purchasing UAVs.
Because of its high energy density and charge and discharge rate capacity, lithium polymer (Li-Po) or lithium-ion (Li-ion) batteries are currently used in most UAVs. However, the growing demand for increased endurance and flight range in UAVs has prompted numerous UAV manufacturers to choose solar technology as their primary power source. Manufacturers of UAVs are increasingly focusing on the development of solar-powered UAV drones, which would help the market growth over the forecast period.
Similar to satellites, such drones provide a sustainable way to deliver goods and services to remote locations rapidly and effectively. Fuel cell technology could be a superior choice for improving UAV performance. In general, lengthy trips with low average power demands prefer fuel cells over traditional batteries. Ballard Power Systems, meantime, has secured a deal with Insitu, a Boeing subsidiary, to create a next-generation high-performance fuel cell propulsion system for unmanned aerial vehicles.
Furthermore, government authorities such as the Federal Aviation Administration (FAA) and the Federal Air Transport Agency (FATA) are developing policies to increase battery performance efficacy. Tesla is also focusing on improving battery technologies to boost flight lifespan and efficiency. The drone flight time used to be less than 30 minutes, however constant advancements in drone architecture have increased flight length to one hour. The practical application of unmanned aerial vehicles is becoming more diverse as disruptive technology advances. The rising demand for drones with improved endurance and longer flight duration is expected to provide new growth prospects for market players.
Global UAV Battery Market Segment Analysis
During the forecast period, the Medium Altitude Long Endurance (MALE) segment is likely to boost the market growth.
MALE stands for medium altitude long endurance unmanned aerial vehicles, which have a range of 25,000-50,000 feet and can fly for up to 24 hours. Due to the extensive use of drones in the military sector for intelligence, surveillance, and reconnaissance (ISR) objectives, this segment had the biggest market share among all other UAV categories in 2017. Several countries, including the United States, China, India, and others, have boosted their desire for unmanned aerial vehicles in recent decades. In 2019, the Federal Aviation Administration (FAA) reported that there were 1.3 million registered drones and thousands of unregistered drones in the United States.
By 2022, the FAA estimates that 2.4 million drones will have been registered. Due to an increase in enemy trespassing and border security, some governments and companies are focusing on purchasing UAVs. PT Dirgantara Indonesia, for example, launched Pesawat Udara Nir Awak jenis Medium Altitude Long Endurance UAV (PUNA MALE) in January 2020, which was specifically built to satisfy the needs of the Indonesian Air Force. The UAV has a 420-litre fuel tank and a maximum takeoff weight of 1300 kg, with a payload of 300 kg.
In China, unmanned aerial vehicles (UAVs) can carry 16 litres of disinfection and cover 100,000 square meters in an hour. These UAVs are simple to operate, inexpensive, and limit the chance of COVID-19 spreading among medical personnel. As a result, many countries are using disinfecting UAVs to stop COVID-19 from spreading.
Global UAV Battery Market
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Global UAV Battery Market Regional Insights
Global UAV Battery Market 1
In 2020, the United States held 95.6 % of the North American UAV battery market, and this dominance is expected to continue throughout the forecast period. This is due to the region's growing production and deployment of unmanned aerial vehicles (UAVs) for various military uses like as ISR, tactical warfare, and weather analysis.
For example, the Defense Innovation Unit of the United States Department of Defense tested and authorized nearly five drones for military and government purposes in August 2020. The United States is a leading maker of military drones and supplies them to a number of countries across the world.
During the forecast period, APAC is expected to be the fastest-growing region in the UAV battery market, increasing at a CAGR of over 16 per cent by 2020. Because the majority of APAC nations do not have a high level of limitation for unmanned flying over civil airspace, the increased demand from APAC has resulted in remarkable growth and development of commercial UAVs. During the forecast period, factors such as the widespread usage of civilian UAVs and higher defense spending are expected to propel the market forward. Japan, South Korea, Malaysia,
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Global UAV Battery Market 2
Global UAV Battery Market, by Region
• North America
• Europe
• South America
• MEA
• Asia Pacific
Global UAV Battery Market Key Players
• Ballard Power Systems.
• Denchi Group Ltd
• EaglePicher Technologies
• H3 Dynamics Holdings Pte. Ltd
• Kokam
• OXIS Energy Ltd.
• Sion Power Corporation
• Tadiran Batteries
• AMIT industries L.T.D
• Amprius Technologies
• Cella Energy
• Ultracharge
• MicroMultiCopter Aero Technology Co. Ltd
• Hylium Industries INC
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