Product Code: PM3475
The global drone batteries market size is expected to reach USD 19.87 billion by 2032, according to a new study by Polaris Market Research. The report "Drone Batteries Market Share, Size, Trends, Industry Analysis Report, By Drone Type (Mini Quad, Macro Quad, Commercial/Industrial, and Others); By Battery Chemistry; By Battery Capacity; By Region; Segment Forecast, 2023- 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The significant growth in the use of drones for security and defense purpose and surge in the demand for drones for resource management and data collection coupled with the growing technological advancements in drone batteries designs and capabilities, which have given access to customers to several cutting-edge products at very competitive prices, which is influencing the market growth at rapid pace. For instance, in March 2023, Montavista, unveiled its new line of lithium methyl battery products, that would increase the flight time of commercial drones by around 60-80% and featuring both high power and high specific energy.
Many governments around the world are investing in drone technology and implementing on several regulations to support the safe and responsible use of drones., which is likely to create huge demand for more efficient and reliable drone batteries that meet safety and regulatory requirements set by government authorities worldwide.
The growing incorporation of intelligent battery management systems, that monitor the battery's health and performance, allowing drone operators to optimize their flight time and reduce the risk of battery failure and help extend the life of the battery by preventing overcharging and over-discharging, is an emerging trend in the market pushing the market forward at exponential pace. The rapid development of several new and innovative battery technologies such as solid-state batteries and hybrid power systems and continuous emergence in drone delivery services across the globe, that requires high-capacity and lightweight batteries that can fly for longer periods and cover greater distance at higher speed, is opening up new opportunities for businesses to create more efficient and powerful drone batteries.
Drone Batteries Market Report Highlights
Mini quad segment accounted for major global market share in 2022, on account of its rising popularity among drone enthusiasts and significant developments in battery technology
LiPo segment held the significant market revenue share in 2022, which is mainly driven by its various beneficial features and characteristics including high conductivity and light weight
3000-5000 mAh segment is projected to grow at a healthy CAGR during the study period, mainly due to incorporation of advances in payload capacity and longer flight times
North America region led the industry market with substantial share in 2021, owing to the presence of several favorable government regulations and rising investments in R&D activities to develop more advanced product solutions
The global key market players include: Venom Power, Doosan Mobility Innovation, Shenzhen Grepow Battery, Eaglepicher Technologies, Amicell-Amit Industries Limited, and Autel Robotics
Polaris Market Research has segmented the drone batteries market report based on drone type, battery chemistry, battery capacity, and region:
Drone Batteries, Drone Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Mini Quad
- Macro Quad
- Commercial/Industrial
- Others
Drone Batteries, Battery Chemistry Outlook (Revenue - USD Billion, 2019 - 2032)
Drone Batteries, Battery Capacity Outlook (Revenue - USD Billion, 2019 - 2032)
- Below 3000 mAh
- 3000-5000 mAh
- 5000-10000 mAh
- Above 10000 mAh
Drone Batteries, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Drone Batteries Market Insights
- 4.1. Drone Batteries Market - Battery Capacity Snapshot
- 4.2. Drone Batteries Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Advancement in material science and battery technology
- 4.2.1.2. Rise in the demand for drones across large number of applications
- 4.2.2. Restraints and Challenges
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Drone Batteries Market Battery Capacity Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Drone Batteries Market, by Drone Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Drone Batteries Market, by Drone Type, 2019-2032 (USD Billion)
- 5.3. Mini Quad
- 5.3.1. Global Drone Batteries Market, by Mini Quad, by Region, 2019-2032 (USD Billion)
- 5.4. Macro Quad
- 5.4.1. Global Drone Batteries Market, by Macro Quad, by Region, 2019-2032 (USD Billion)
- 5.5. Commercial/Industrial
- 5.5.1. Global Drone Batteries Market, by Commercial/Industrial, by Region, 2019-2032 (USD Billion)
- 5.6. Others
- 5.6.1. Global Drone Batteries Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Drone Batteries Market, by Battery Chemistry
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Drone Batteries Market, by Battery Chemistry, 2019-2032 (USD Billion)
- 6.3. NiCad
- 6.3.1. Global Drone Batteries Market, by NiCad, by Region, 2019-2032 (USD Billion)
- 6.4. NiMH
- 6.4.1. Global Drone Batteries Market, by NiMH, by Region, 2019-2032 (USD Billion)
- 6.5. LiPo
- 6.5.1. Global Drone Batteries Market, by LiPo, by Region, 2019-2032 (USD Billion)
- 6.6. Others
- 6.6.1. Global Drone Batteries Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Drone Batteries Market, by Battery Capacity
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Drone Batteries Market, by Battery Capacity, 2019-2032 (USD Billion)
- 7.3. Below 3000 mAh
- 7.3.1. Global Drone Batteries Market, by Below 3000 mAh, By Region, 2019-2032 (USD Billion)
- 7.4. 3000-5000 mAh
- 7.4.1. Global Drone Batteries Market, by 3000-5000 mAh, By Region, 2019-2032 (USD Billion)
- 7.5. 5000-10000 mAh
- 7.5.1. Global Drone Batteries Market, by 5000-10000 mAh, By Region, 2019-2032 (USD Billion)
- 7.6. Above 10000 mAh
- 7.6.1. Global Drone Batteries Market, by Above 10000 mAh, By Region, 2019-2032 (USD Billion)
8. Global Drone Batteries Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Drone Batteries Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Drone Batteries Market - North America
- 8.3.1. North America: Drone Batteries Market, by Drone Type, 2019-2032 (USD Billion)
- 8.3.2. North America: Drone Batteries Market, by Battery Capacity, 2019-2032 (USD Billion)
- 8.3.3. North America: Drone Batteries Market, by Battery Chemistry, 2019-2032 (USD Billion)
- 8.3.4. Drone Batteries Market - U.S.
- 8.3.4.1. U.S.: Drone Batteries Market, by Drone Type, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Drone Batteries Market, by Battery Capacity, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Drone Batteries Market, by Battery Chemistry, 2019-2032 (USD Billion)
- 8.3.5. Drone Batteries Market - Canada
- 8.3.5.1. Canada: Drone Batteries Market, by Drone Type, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Drone Batteries Market, by Battery Capacity, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Drone Batteries Market, by Battery Chemistry, 2019-2032 (USD Billion)
- 8.4. Drone Batteries Market - Europe
- 8.4.1. Europe: Drone Batteries Market, by Drone Type, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Drone Batteries Market, by Battery Capacity, 2019-2032 (USD Billion)
- 8.4.3. Europe: Drone Batteries Market, by Battery Chemistry, 2019-2032 (USD Billion)
- 8.4.4. Drone Batteries Market - UK
- 8.4.4.1. UK: Drone Batteries Market, by Drone Type, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Drone Batteries Market, by Battery Capacity, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Drone Batteries Market, by Battery Chemistry, 2019-2032 (USD Billion)
- 8.4.5. Drone Batteries Market - France
- 8.4.5.1. France: Drone Batteries Market, by Drone Type, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Drone Batteries Market, by Battery Capacity, 2019-2032 (USD Billion)
- 8.4.5.3. France: Drone Batteries Market, by Battery Chemistry, 2019-2032 (USD Billion)
- 8.4.6. Drone Batteries Market - Germany
- 8.4.6.1. Germany: Drone Batteries Market, by Drone Type, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Drone Batteries Market, by Battery Capacity, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Drone Batteries Market, by Battery Chemistry, 2019-2032 (USD Billion)
- 8.4.7. Drone Batteries Market - Italy
- 8.4.7.1. Italy: Drone Batteries Market, by Drone Type, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Drone Batteries Market, by Battery Capacity, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Drone Batteries Market, by Battery Chemistry, 2019-2032 (USD Billion)
- 8.4.8. Drone Batteries Market - Spain
- 8.4.8.1. Spain: Drone Batteries Market, by Drone Type, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Drone Batteries Market, by Battery Capacity, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Drone Batteries Market, by Battery Chemistry, 2019-2032 (USD Billion)
- 8.4.9. Drone Batteries Market - Netherlands
- 8.4.9.1. Netherlands: Drone Batteries Market, by Drone Type, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Drone Batteries Market, by Battery Capacity, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Drone Batteries Market, by Battery Chemistry, 2019-2032 (USD Billion)
- 8.4.10. Drone Batteries Market - Russia
- 8.4.10.1. Russia: Drone Batteries Market, by Drone Type, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Drone Batteries Market, by Battery Capacity, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Drone Batteries Market, by Battery Chemistry, 2019-2032 (USD Billion)
- 8.5. Drone Batteries Market - Asia Pacific
- 8.5.1. Asia Pacific: Drone Batteries Market, by Drone Type, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Drone Batteries Market, by Battery Capacity, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Drone Batteries Market, by Battery Chemistry, 2019-2032 (USD Billion)
- 8.5.4. Drone Batteries Market - China
- 8.5.4.1. China: Drone Batteries Market, by Drone Type, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Drone Batteries Market, by Battery Capacity, 2019-2032 (USD Billion)
- 8.5.4.3. China: Drone Batteries Market, by Battery Chemistry, 2019-2032 (USD Billion)
- 8.5.5. Drone Batteries Market - India
- 8.5.5.1. India: Drone Batteries Market, by Drone Type, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Drone Batteries Market, by Battery Capacity, 2019-2032 (USD Billion)
- 8.5.5.3. India: Drone Batteries Market, by Battery Chemistry, 2019-2032 (USD Billion)
- 8.5.6. Drone Batteries Market - Malaysia
- 8.5.6.1. Malaysia: Drone Batteries Market, by Drone Type, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Drone Batteries Market, by Battery Capacity, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Drone Batteries Market, by Battery Chemistry, 2019-2032 (USD Billion)
- 8.5.7. Drone Batteries Market - Japan
- 8.5.7.1. Japan: Drone Batteries Market, by Drone Type, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Drone Batteries Market, by Battery Capacity, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Drone Batteries Market, by Battery Chemistry, 2019-2032 (USD Billion)
- 8.5.8. Drone Batteries Market - Indonesia
- 8.5.8.1. Indonesia: Drone Batteries Market, by Drone Type, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Drone Batteries Market, by Battery Capacity, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Drone Batteries Market, by Battery Chemistry, 2019-2032 (USD Billion)
- 8.5.9. Drone Batteries Market - South Korea
- 8.5.9.1. South Korea: Drone Batteries Market, by Drone Type, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Drone Batteries Market, by Battery Capacity, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Drone Batteries Market, by Battery Chemistry, 2019-2032 (USD Billion)
- 8.6. Drone Batteries Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Drone Batteries Market, by Drone Type, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Drone Batteries Market, by Battery Capacity, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Drone Batteries Market, by Battery Chemistry, 2019-2032 (USD Billion)
- 8.6.4. Drone Batteries Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Drone Batteries Market, by Drone Type, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Drone Batteries Market, by Battery Capacity, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Drone Batteries Market, by Battery Chemistry, 2019-2032 (USD Billion)
- 8.6.5. Drone Batteries Market - UAE
- 8.6.5.1. UAE: Drone Batteries Market, by Drone Type, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Drone Batteries Market, by Battery Capacity, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Drone Batteries Market, by Battery Chemistry, 2019-2032 (USD Billion)
- 8.6.6. Drone Batteries Market - Israel
- 8.6.6.1. Israel: Drone Batteries Market, by Drone Type, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Drone Batteries Market, by Battery Capacity, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Drone Batteries Market, by Battery Chemistry, 2019-2032 (USD Billion)
- 8.6.7. Drone Batteries Market - South Africa
- 8.6.7.1. South Africa: Drone Batteries Market, by Drone Type, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Drone Batteries Market, by Battery Capacity, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Drone Batteries Market, by Battery Chemistry, 2019-2032 (USD Billion)
- 8.7. Drone Batteries Market - Latin America
- 8.7.1. Latin America: Drone Batteries Market, by Drone Type, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Drone Batteries Market, by Battery Capacity, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Drone Batteries Market, by Battery Chemistry, 2019-2032 (USD Billion)
- 8.7.4. Drone Batteries Market - Mexico
- 8.7.4.1. Mexico: Drone Batteries Market, by Drone Type, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Drone Batteries Market, by Battery Capacity, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Drone Batteries Market, by Battery Chemistry, 2019-2032 (USD Billion)
- 8.7.5. Drone Batteries Market - Brazil
- 8.7.5.1. Brazil: Drone Batteries Market, by Drone Type, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Drone Batteries Market, by Battery Capacity, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Drone Batteries Market, by Battery Chemistry, 2019-2032 (USD Billion)
- 8.7.6. Drone Batteries Market - Argentina
- 8.7.6.1. Argentina: Drone Batteries Market, by Drone Type, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Drone Batteries Market, by Battery Capacity, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Drone Batteries Market, by Battery Chemistry, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Autel Robotics
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Amperex Technology
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Amicell-Amit Industries
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Parrot Skydio
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Venom Power
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Uvify Inc
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. SZ DJI Technology
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Genspow
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. RRC Power Solutions
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Oxis Energy
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Eaglepicher Technologies
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. SolidEnergy Systems
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Doosan Mobility Innovation
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Shenzhen Grepow Battery
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. Epsilor
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development
- 10.16. HES Energy Systems
- 10.16.1. Company Overview
- 10.16.2. Financial Performance
- 10.16.3. Product Benchmarking
- 10.16.4. Recent Development
- 10.17. Intelligent Energy
- 10.17.1. Company Overview
- 10.17.2. Financial Performance
- 10.17.3. Product Benchmarking
- 10.17.4. Recent Development