FeedingTrends
a year ago
1 min read

Demand of Drone Batteries Is Expanding at a Cagr of 8.3% by 2032

The global drone batteries market is set to enjoy a valuation of US$ 6.3 billion in 2022 and further expand at a CAGR of 8.3% to reach US$ 14.1 billion by the end of 2032. Sales global drone batteries market accounted for around 5% in global drone components market.

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Also, rising demand for drones in the defense sector is set to push the threshold of the market over the long-term forecast period. Furthermore, erection of drone battery manufacturing plants in dedicated locations to lower spending on raw material purchases and transport will also aid the flourishing of manufacturers. Rise in demand from unconventional uses are expected to aid market expansion over the next ten years, at more than 8% CAGR through 2031.

Key Companies Profiled

  • Amicell-Amit Industries Limited

  • Amperex Technology Limited

  • Autel Robotics

  • Genspow GmbH

  • Parrot

  • Skydio

  • SZ DJI Technology Co., Ltd.

  • Uvify Inc.

  • Venom Power

  • Yuneec

“Market growth is set to twirl in accordance with regional regulations and commercial industry tunes,” says a Fact.MR analyst.

Segmentation of Drone Batteries Industry Research

  • By Drone Type :

    • Mini Quad

    • Micro Quad

    • Commercial/Industrial

    • Others

  • By Battery Chemistry :

    • NiCad

    • NiMH

    • LiPo

  • By Battery Capacity :

    • Below 3000 mAh

    • 3000-5000 mAh

    • 5000-10000 mAh

    • Above 10000 mAh

  • By Region :

    • North America

    • Latin America

    • Europe

    • East Asia

    • South Asia & Oceania

    • MEA

Fragmented High Potential Market: Competition Tuning Factor

Key manufacturers in the drone battery market are Amicell-Amit Industries Limited, Amperex Technology Limited, Genspow GmbH, Parrot, Skydio, SZ DJI Technology Co., Ltd., Uvify Inc., Venom Power, and Yuneec. The market is partially fragmented in nature, with a significant number of players positioned in East Asia and North America.

Growing demand for drone batteries in recreational and other unconventional applications has allowed the market valuation to surge in the last decade. Despite being partially fragmented, higher potential of the product will attract new players into this space.

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