UAV BATTERY MARKET ANALYSIS

Market Challenges And Opportunities

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, 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: 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.

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.