UAV Battery Market: What’s Next?

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UAV Battery Market Whats Next? Aerospace and
Defense 16, September 2022
In 2020, the total global consumer UAV or
drone shipment was around 5 million units.
Estimates suggest this number to reach around 9.6
million units by 2030. Despite the demand, UAVs
tend to face short travel range issues,
which has elevated the demand for robust
electrical protection systems. Subsequently, the
increased demand for lithium-ion, fuel cells, and
nickel batteries is widening the scope of the UAV
battery market globally. In recent years,
battery technologies such as fuel cells have
gained momentum with benefits like greater
energy density that enables superior control
and stability during movement. Doosans DS30
drones powered by a 2.6 kW fuel cell is one such
example having four to five times the higher
energy density than other batteries. As per
industry sources, the battery market
has witnessed tremendous technological
developments in recent years. This has
pushed the production and deployment of UAV
batteries, influencing the studied market to
evolve at 17.46 between 2022 and 2028. UAV
Battery Market Progression Backed by
Funding Military investments and government
support for drone technology have soared
immensely, elevating UAV battery stocks. In
line with this, operating players are
streamlining their portfolios regarding
components and affordability. This growth is
majorly observed in North
America and Asia-Pacific.
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• The Asia-Pacific UAV battery market is expected
  to witness the fastest growth at a CAGR of 18.01
  due to rising investments in battery RD and
  defense budgets, such as
• China, for instance, invested 293 billion
  in its 2021 defense budget, focusing
  primarily on security surveillance,
  fueling the deployment of unmanned aerial
  vehicles.
• The Indian government liberalized drone
  rules by announcing a 100 subsidy for
  using UAVs in the agricultural sector.
• The Japanese government is developing an
  autonomous combat drone to detect energy
  aircraft and eliminate any missile strikes. This
  development project is believed to be a joint
  undertaking with the US, with a prototype set to
  be ready for testing by 2025.
• Such government measures have sored demand for
  lithium-based batteries, which leads the market
  in terms of product type. Their role in
  supporting long cycle life and energy efficiency
  in UAVs propels the segments growth. Hence,
  companies like Shenzhen Grepow Battery are
  launching high-technology lithium batteries to
  gain a competitive edge in the market.
• However, geographically, North America UAV
  battery backs the highest position in 2021,
  with a CAGR of 17.54. This growth is
  attributable to increasing military funding, with
  the United States accounting for a major share.
  For instance
• The US Department of Transportation FAA invested
  2.7 million to support research on UAVs used in
  disaster preparedness, creating a high demand for
  Li-ion, fuel cells, etc.
• The Federal government allocated around 7.5
  billion to the Pentagon for the
• employment of numerous robotic technologies,
  including UAVs, for air, ground, maritime,
  and other domains.
• Transport Canada introduced a Drone Strategy to
  2025 program to provide a strategic vision for
  drones, raising awareness about their
  significance and untapped economic potential that
  will drive the sectors growth.
• Industry-wise Outlook Surveillance Measures
  Widens Scope
• Commercial, consumer, and industry verticals
  are key categories supporting the markets
  growth. Among these, Defense, government,
  law enforcement secures the majority of
  shares in the industry vertical segment. The high
  demand in the sector has guided companies like
  Boeing to develop drones like MQ-25
  Stingray aerial refueling. In 2021, the
  drone completed carrier-based testing. And in
  early 2022, it became the first drone to
  refuel a Boeing F/A-18 Super Hornet. As
  a result, prominent players like
  General Atomics Aeronautical and
  AeroVironment Inc have integrated new
  technologies to develop high- endurance
  batteries, thereby creating opportunities for the
  UAV battery market.
• Commercial Drones to Star with Augmented
  Applications

like Amazon are fueling the adoption with the
launch of Prime Air Fixed-wing Drones for
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• delivery purposes. Although the market is
  projected to strengthen, it faces certain
  challenges such as
• Issues arise from a series of electrical
  malfunctions mid-flight and other thermal
  runaway complications.
• Stringent regulations that are restricting the
  transport of unmanned aerial vehicles.
• Nevertheless, the ongoing expansion in
  industries and capitalization from
  geographies are projected to create prospects
  for the UAV battery market over the forecast
  period.
• FAQs
• Q1) What is the size of the UAV battery market?
• The UAV battery market was valued at 4500.80
  million in 2021 and is expected to attain around
  13481.66 million by the year 2028.
• Q2) Who are the big players in the UAV battery
  market?
• Plug Power, Intelligent Energy, Sion Power,
  Eagle Picher Technologies, Inventus Power,
  Shenzhen Grepow Battery, Epsilor, HES Energy
  Systems, RRC Power Solutions, and Doosan
  Corporation are some players studied in the
  report.