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Unmanned aerial vehicles are gaining strong popularity across the globe owing to the strong endurance capability to fly for many hours to collect information. The drone technology has become very effective for numerous applications such as aerial imaging, precision farming, and real-time monitoring. Drone battery system supplies the actual energy required to the motors for the takeoff. The drone battery system has three main types such as fuel cell, lithium-ion, nickel-cadmium and lithium polymer. The energy requirement depends on the size and type of unmanned technology. The high altitude long endurance (HALE) and medium altitude long endurance (MALE) drones required a large amount of supply. Moreover, tactical drones and small drones require less amount of energy. The four to eight number of motors are used in the quadcopter and octa copter drones which sustain for a few hours. The increase in demand for drones in a military application for performing surveillance and intelligent missions.
These drones require a power supply which can sustain for hours during the flight operations. Growing demand for unmanned aerial vehicles is projected to fuel drone battery system market during the forecast period
By UAV type, the market is segmented into the High Altitude Long Endurance (HALE), Middle Altitude Long Endurance (MALE), Tactical, and Small. Based on battery type, the market is segmented into the fuel cell, lithium-ion, nickel cadmium, and lithium polymer. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, and Rest of the world.
Key Market Driver -
Increase in investment in drone technology is projected to fuel the market growth
Key Market Restraint -
Expensive product range and restrictions of drone use in several countries
The major companies in the global drone battery system market report includes Ballard Power Systems (Canada), Cella Energy Limited (UK), Denchi Power Ltd (UK)., EaglePicher Technologies (U.S.), H3 Dynamics (Singapore), Kokam (Korea), OXIS Energy Ltd. (UK), Sion Power Corporation (U.S.), and Tadiran Batteries GmbH (Germany) and among other.
Drone battery system market has been segmented into North America, Europe, Asia Pacific, and Rest of the world. North America estimated to be the leading market during the forecast period. North America is projected to hold a major share in the drone battery system market during the forecast period. Furthermore, the U.S. has a strong prominence of key players such as Eagle Picher Technologies (U.S.), and Sion Power Corporation (U.S.). These companies are key players in the market providing an effective battery system to a wide range of unmanned aerial vehicles. Asia-Pacific is expected to be the fastest-growing region in the future years. The major growth in the market is expected to be carried by the emerging economies such as China, India and Japan due to the high demand for Drone Battery System by the drone manufacturing companies. Growing investment in the Asia Pacific countries is projected to fuel the market growth during the forecast period. Europe is likely to grow at a moderate pace owing to the strong presence of key companies such as Cella Energy Limited (UK), and Denchi Power Ltd (UK)., is likely to drive the market growth in the coming years. In the Rest of the world is projected to grow at a sluggish pace due to rising industrial development in the countries such as Brazil, South Africa and Saudi Arabia to fuel demand in the future years.
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By UAV Type
By Battery Type
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