The global drone battery system market size is expected to showcase considerable growth during the foreseeable future. The information is published by Fortune Business Insights in its report, titled “Drone Battery System Market Size, Share & Industry Analysis, By UAV Type ( High Altitude Long Endurance (HALE), Middle Altitude Long Endurance (MALE), Tactical, Small ), By Battery Type ( Fuel Cell, Lithium-Ion, Nickel Cadmium, Lithium Polymer ) and regional forecast 2021-2028.” The unmanned aerial vehicles are being rapidly adopted in various sectors such as agriculture, insurance, military, and others for collecting information. For example, the U.S. Military Air Force uses the Avenger Drone by general atomics that has an overall endurance of 18 hours. High-end drone batteries are primarily adopted in several military operations to conduct intelligence missions and surveillance.

 

COVID-19 Impact

Drones Replace Humans as Delivery Agents Owing to COVID-19 Crisis

The outbreak of coronavirus globally affected production facilities and hampered the manufacturing process. The non-essential industries experienced a halt in industrial operations for a considerable time.  There was a significant decline in the drone battery demand considering the lockdown globally. Although, countries such as India initiated the utilization of drones to deliver essential items to infected patients. The government in India also permitted the use of drones to supply vaccines across the nation.

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Our Sample Report Includes:

  • 2021 Updated Report Introduction, Overview, and In-depth industry analysis
  • COVID-19 Pandemic Outbreak Impact Analysis Included
  • Provide Chapter-wise guidance on Request
  • 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
  • Includes Updated List of table & figures
  • Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
  • Facts and Factors research methodology

(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)

 

Fortune Business Insights™ lists out a few of the renowned companies present in the drone battery system market. They are as follows: 

  • Ballard Power Systems (Canada)
  • Cella Energy Limited (UK)
  • Denchi Power Ltd (UK)
  • EaglePicher Technologies (U.S.)
  • H3 Dynamics (Singapore)
  • Kokam (Korea)
  • OXIS Energy Ltd. (UK)
  • Sion Power Corporation (U.S.)
  • Tadiran Batteries GmbH (Germany)

 

What Does the Report Contain?

The report has insights into various segments in the market for drone battery systems. The profiles of various prominent companies have been studied to compile a list of efficient strategies to gain footage in the market. Moreover, market projections based on current trends are also discussed to help the client understand various phases of the market. The details of advanced technology currently being adapted into the market and research on prototypes are highlighted in the report to give a foresight of the market.

 

Driving Factor

Adoption of Drones in Geological Research to Aid Market Growth

The adoption of drones by various insurance and geological companies for aerial data collection is driving the drone battery system market growth. Insurance companies prefer drones for surveillance of large areas to access the damage across vast farmlands. Drones can easily cover the area and provide a copy of visual data to both parties and save time and energy. Moreover, regions that are hard to reach for geological exploration can be easily covered by the drone while preserving the virgin flora and fauna.

The military is also heavily investing in hi-tech drones to facilitate intelligence missions. They require batteries that can be compact and support the energy requirement for long hours. Such wide applications of drones are expected to generate high profits for the market during the foreseeable future.

 

Regional Insights

Adoption of Drones as Delivery Agents in North America to Spur Demand

North America is expected to lead the drone battery system market share owing to the high adoption of drones in delivery systems. High-end drone batteries are primarily adopted in several military operations to conduct intelligence missions and surveillance that will propel the demand for the product. Moreover, research and development to provide an efficient flight experience is taking place for military requirements in the region.

Asia Pacific is expected to be the fastest-growing region in the forthcoming years with the expanding production facilities in the region. Also, the adoption of drones by the healthcare sector to deliver COVID-19 vaccines in India is expected to propel the demand for the product in the region.

 

Competitive Landscape

Product Innovations by Market Leaders to Intensify Market Competition

The market for drone battery system landscape has the presence of prominent companies with high investing capabilities. The research-intensive nature of the market requires highly skilled manpower to stabilize their position. Due to the application of drones in the military, the market experiences investments by the government in several regions. Innovations to develop compact and powerful batteries are being undertaken by the companies to strengthen their positions.

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Market Segmentation

On the basis of UAV type, the market for drone battery system is segmented into high altitude long endurance (HALE), middle altitude long endurance (MALE), tactical, and small. Based on battery type, the market is divided into fuel cell, lithium-ion, nickel-cadmium, and lithium polymer. On the basis of geography, the market is divided into North America, Europe, Asia Pacific, and Rest of the World.

 

Fortune Business Insights™ helps you identify track and stay ahead of your competition through our competitor research studies, our services include:

  • SWOT Analysis
  • Competitor Monitoring
  • Observational Research
  • Competitor Intelligence
  • Competitors Profiling

 

Key Questions Answered:

  • What are the key demands and trends shaping the market?
  • What are the key opportunities in the market?
  • What are the key companies operating in the market?
  • Which company accounted for the highest market share?
  • What is the market size and growth rate of the global and regional market by various segments?
  • What is the market size and growth rate of the market for selective countries?
  • Which region or sub-segment is expected to drive the market in the forecast period?
  • What Factors are estimated to drive and restrain the market growth?
  • Why Choose Fortune Business Insights?

 

Industry Development:

  • May 2021: Hypower Lab announced that they are working on commercializing a hydrogen fuel cell drone. The battery is anticipated to provide four times the flight energy of traditional lithium-ion batteries.

 

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By Emelia Murison

Emelia Murison is a freelance writer and editor with a passion for innovation and technology. She covers breaking industry news, #SpaceForGood, and product reviews for the group. She also provides copywriting services to startups around the world – one of which introduced her to the world of Aerospace.

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