UAV BATTERY MARKET ANALYSIS

The Global UAV Battery Market was valued at US$ 5.21 Billion in 2022, exhibiting a compound annual growth rate (CAGR) of 11.1% from 2023 to 2030.

An unmanned aerial vehicle (UAV), also known as a drone, is a plane that flies without a human operator, crew, or passengers. UAV flight can be controlled remotely by a human operator, as in a remotely piloted aircraft (RPA), or with different degrees of autonomy, such as autopilot support, up to completely autonomous aircraft with no human interaction. The simulation software delivers a realistic environment, in which pilots can gain experience handling UAVs, military aircraft, and other important missions while saving time, effort, money, and training resources. There are two types of components in the UAV simulator: hardware and software. The applications of UAV’s are aerial photography, military, product deliveries, agriculture, policing and monitoring, infrastructure inspections, science, smuggling, drone racing, and others. International UAV Battery is being adopted by various countries and state government bodies, which is a major trend in the global UAV Battery market.

Global UAV Battery Market: Regional Insights

North America, particularly the U.S., holds a crucial position in the UAV Battery market and should not be overlooked. Any changes in the U.S. can have a substantial impact on the market's development trend. During the forecast period, the North American market is expected to witness substantial growth. This can be attributed to the high adoption of advanced technologies and the presence of major industry players, both contributing to the creation of ample growth opportunities. In 2022, 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.

Europe also plays a significant role in the global UAV Battery market, exhibiting remarkable growth in compound annual growth rate (CAGR) from 2023 to 2030.The region showcases a favorable environment for market expansion and investment.

Despite the presence of intense competition within the market, the clear global recovery trend instils investor optimism. The industry continues to attract new investments, fostering innovation, and creating potential for further growth. This dynamic environment encourages stakeholders to capitalize on emerging opportunities and contribute to the industry's development.

In conclusion, the Global UAV Battery market shows tremendous growth potential in the forecast period, with North America and Europe playing pivotal roles. The market is expected to achieve remarkable growth in terms of size and “CAGR”, driven by factors such as technological advancements and the presence of key players.

Figure 1: Global UAV Battery Market Share (%), in terms of Value, By Region, 2022

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Global UAV Battery Market - Impact of Coronavirus (COVID-19) Pandemic

During the pandemic, the increasing demand for UAVs in the healthcare applications has led to drive the growth of the UAV battery market. To disinfect public places and to contain the spread of COVID-19, many healthcare organizations are deploying UAVs to conduct various tasks such as spraying disinfectant. These spraying UAVs are filled with disinfectant and cover a larger area in less time and 50 times faster than conventional methods. For instance, according to Coherent Market Insight’s analysis, in China, UAVs have the capacity to hold 16 liters of disinfectant and can cover 100,000 area square meters in an hour. These UAVs are easy to use, affordable, and reduce the risk of COVID-19 spread among health workers. Due to this, many countries are adopting disinfecting UAVs to contain the spread of COVID-19. For instance, in March 2020, due to the COVID-19 pandemic, the U.K. government launched fast track trial for the delivery of medicines from the British mainland to the Isle of Wight using a drone. Such initiatives from the public and private sectors are driving the market growth. In addition to these, there are several benefits offered by drone delivery services such as low-cost operations, faster delivery of packages, less human resource usage, time-saving, and others. This will drive drone companies to collaborate with larger companies and strengthen their presence in the market

Global UAV Battery Market: Drivers

Increasing demand for drone delivery and mapping services

Increasing demand for UAVs in various industries, such as agriculture, construction, and defense, is driving the growth of the UAV battery market. UAVs are being used for tasks such as surveillance, mapping, inspection, and delivery, which require reliable and long-lasting batteries. The growth of the commercial UAV market, driven by increasing demand for drone delivery and mapping services, is driving the growth of the UAV battery market. Commercial applications require batteries that are lightweight, efficient, and have a long lifespan.

For instance, on February 6th 2023, Bengaluru-based food delivery firm Swiggy called for bids in the drone-as-a-service (DaaS) market for its grocery service - Instamart. It selected Garuda Aerospace, Marut Dronetech and Skye Air Mobility for running pilots.

Drone delivery leader Zipline has announced the introduction of its new Platform 2 (P2) that will enable quiet, fast and precise autonomous delivery directly to homes in cities and suburbs. The U.S.-based company said the technology can deliver packages up to seven times as fast as automobile delivery.

Global UAV Battery Market- Trends

Although there are many different ways that lithium-ion drone batteries might be improved, the general trend is toward greater safety, faster charging, more adaptable shape, and higher performance.

Commercial drones are revolutionizing old business and industry systems, paving the path for smart operations to enhance production. Commercial drones are used for far more than just taking pictures or videos. Drone delivery is one of the most liked uses. This idea is anticipated to gain greater traction as technology develops and matures.

An important operational challenge in commercial drones is being addressed by WiBotic, Electronics Company in Seattle, U.S., a business that specializes in developing battery wireless charging systems for drone batteries. The company reports that its adaptive matching technology offers an innovative method of inductive power transmission and provides the power levels necessary for drones and other flying vehicles.

Global UAV Battery Market: Restraints

Difficulties in handling charging and maintenance operations of batteries

Aircraft battery manufacturers face a number of difficulties including setup and system complexity, lengthy testing periods, adherence to evolving safety regulations. Moreover, due to complicated systems and dangerous materials used in batteries, battery testing has turned into a difficult and drawn-out process. Batteries can explode due to their high currents, toxic compounds, and high voltages. For instance, the majority of battery manufacturers do life cycle tests, which can take up to six months or longer. It takes a lot of time because separate tests are needed for each application. For instance on March 7, 2023, according to a report published by Federal Aviation Administration, which is a part of the U.S. Department of Transportation, that there has been 433 verified accidents occurred between March 3, 2006 to March 7, 2023 among those incidents 185 accidents were caused by the Battery packs or Batteries. The incidents caused by these lithium batteries involved smoke, fire or extreme heat. To avoid these kinds of incidents the Indian government has also taken a safety measures like testing of the batteries in two phases, one is the electric abuse test, this test comprises the overcharge of the battery cell. The second test is mechanical abuse of a battery pack, which includes vibration and mechanical shock test.

Global UAV Battery Market: Opportunities

Opportunity for the Lithium Ion batteries to grow in the market

Lithium-Ion batteries have advantages over the other types of batteries such as Nickel Cadmium and Lead Acid batteries. The Lithium-ion batteries can be used in low volume as this are light weight, which then can be used in RPAS (Remotely Piloted Aircraft Systems) as this systems are compact and has no pilot and has to be as small as possible with similar functions as the real commercial aircrafts. These kind of aircrafts have different applications such as surveillance, which includes UAVs (Unmanned Aerial Vehicle). However, these batteries are much more expensive than the other batteries and has safety hazards such as these battery have high energy densities with flammable electrolyte, which are the main contents that makes them unsafe. For instance, in April 2021, KULR Technology Group Inc., a thermal management solutions provider, launched a new high capacity lithium battery line, which will serve the commercial drone market, which totals around US$ 127 billion. For instance, in November 2022, according to news from News nation, a U.S.-based cable news network, NASA has completed the development of their X-57 all electric aircraft and ready for the test this aircraft includes 400 pound lithium ion battery packs in the cabin of the aircraft, which indeed is the most important energy source for the motor of the aircraft.

Figure 2: Global UAV Battery Market Share (%), in terms of Value, By Segmentation, 2022

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The Global UAV Battery Market report is segmented into transportation mode, cooling type, technology, and region

Based on UAV Type, the market is segmented into Medium Altitude Long Endurance (MALE), High Altitude Long Endurance (HALE), Tactical UAVs, Small UAVs (Micro & Mini)

Based on Battery type, the market is segmented into Fuel Cell, Lithium-Ion, Lithium-Polymer, Nickel Cadmium

Among sector, the Lithium based segment is expected to hold dominant position in the Global UAV Battery Market during the forecast period. For instance, according to Coherent Market Insights’ analysis Li-Po and Li-Ion batteries are the most frequently used in drones. Li-SOCl2 batteries offer a two-fold higher energy density per kg than the batteries above, and Li-air batteries can have an energy density of up to seven times higher; but, they are regrettably less common and considerably more expensive than Li-Po and Li-ion batteries. In addition to being lighter and more compact than other rechargeable batteries, Li-ion batteries have a high energy and power density per unit of battery mass. Other benefits include a comparable long cycle life, good energy efficiency, and no memory effects. The price difference between these batteries and the others is their main drawback.

Competitive Section

Major players operating in the Global UAV Battery Market include Ballard Power Systems., Denchi Group Ltd, Eagle Picher Technologies, H3 Dynamics Holdings Pte. Ltd., Kokam, OXIS Energy Ltd., Sion Power Corporation, Tadiran Batteries, AMIT industries L.T.D, and Amprius Technologies,

Key Developments

1. In February 2021, Shenzhen Grepow Battery co. Ltd. launched a newer version of the Tattu plus1.0 16000mAh 12S compact smart battery. This model is lighter than its predecessor.
2. In January 2021, RRC Power Solutions launched a newer version of the RRC1120 battery, with an increased capacity and a lower rate of self-discharge.
3. In March 2022, Plug Power and their South Korea-based partner, SK E&S, announced a partnership. The project is anticipated to involve constructing a sizable factory in the western port city of Incheon’s high-tech industrial zone. It is anticipated that it will create water electrolysis equipment and fuel cells for Asian markets. In 2024, production is anticipated to start.
4. In May 2022, Intelligent Energy received key government officials from the Germany-state of Saxony. The company wanted to explore partnership possibilities while showcasing its fuel cell technology as it tries to grow across Europe.

Definition: The UAV is the unmanned aerial vehicle, which is also called a drone. A system is operated remotely for various purposes. Recently drones have been popularly used by many industries like agriculture, construction, mining, and many more to gather information. The UAV battery is an essential part of the UAV for the energy required for the flight. The battery consists of stored energy that the UAV will require. Several parameters are used to measure the performance of the battery.