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UAV Battery Market Size, Share and Global Trend By UAV Type (Medium-Altitude Long Endurance (MALE), High-Altitude Long Endurance (HALE), Tactical, Small), By Battery Type (Fuel Cell, Lithium-ion, Nickle Cadmium, Lithium Polymer, Others) and Regional Forecast, 2024-2032

Region : Global | Report ID: FBI100966 | Status : Ongoing

 

KEY MARKET INSIGHTS

UAV stands for unmanned aerial vehicles commonly known as a drone which is an aircraft without pilot on-board. A battery is an essential component of Unmanned Aerial Vehicles (UAV) which consists of stored energy used to supply flight power. The evolution of UAV's battery bus architecture has developed its propulsion scheme concurrently. For better cross-border surveillance, UAVs are used prominently to improve military intelligence, communication, and border safety. Lately, developed countries such as the United States and Japan invest actively in UAVs, which has reduced the number of human deaths and considerably enhanced input information.

Increasing demand for unmanned aerial vehicles (UAVs) is accountable for the development of the worldwide UAV battery industry. Technology for fuel cells can be a better alternative to enhance UAV working efficiency. The UAVs are smaller in size and cost-effective, and they provide reliable, secure, and modernized digital communication through various systems that are equipped with them. Developing countries such as India, China, and Brazil are increasingly demanding UAVs for command, control, communications, computers, intelligence, monitoring, and recognition activities.

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The global UAV battery market is segmented into UAV type and battery type. The Medium-Altitude Long Endurance (MALE) UAV is the most commonly used form of UAV and has the most significant market share owing to long flights at an altitude of 10,000-30,000 feet. In terms of battery-based segmentation, the fuel cell is projected to have the highest demand in the UAV battery industry during the forecast period owing to a rise in fuel cell R&D expenditure. The primary benefits provided by UAVs powered by fuel cells include low maintenance, no lubricants, and longer flight time that can last up to 8 hours.

Growing demand for UAVs has played a major role in driving the UAV battery market. UAV systems include navigation systems, sensors, engines, autopilots, and communication links. In addition, they feature onboard sensors like synthetic aperture radar (SAR), LASER light, inertial measurement unit (IMU), and GPS. The use of UAVs in business and civil apps has improved their usefulness and resulted in the upgrading of current techniques. UAVs are extensively used for better cross border surveillance in order to enhance communication, military intelligence, and border security.

However, the elevated discharge rate, high price, and low payload capability of UAVs are significant market constraints. By helping to attain high operating efficiency, the battery size has an essential effect on car weight and flight range.

Key Players Covered


Some of the major companies that are present in UAV battery market are Ballard Power Systems (Canada), Cella Energy Limited (U.K), Denchi Power Limited (U.K), Sion Power Corporation (U.S.), Tadiran Batteries, OXIS Energy, H3 Dynamics, Ultracharge, MicroMultiCopter Aero Technology Co. Ltd., Tesla, ATL, Intelligent Energy, Maxell and Hylium Industries Inc.

SEGMENTATION






















SEGMENTATION


 DETAILS


By UAV Type


· Medium-Altitude Long Endurance (MALE)

· High-Altitude Long Endurance (HALE)

· Tactical

· Small


By Battery Type


· Fuel Cell

· Lithium-ion

· Nickle Cadmium

· Lithium Polymer

· Others


By Geography


· North America (the USA and Canada)

· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

· Latin America (Brazil, Mexico, and Rest of Latin America)

· Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)


 

Regional Analysis


The global UAV battery market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America UAV battery market is expected to be a dominant player due to the rise in investments in drones in order to utilize them in several applications such as military and agriculture. European nations are expected to witness robust growth in the UAV battery market due to stringent government policies and a rise in demand for drones. Asia-Pacific is considered to be a major player over the globe due to its extensive use of civilian UAVs along with the growing defense spending in economies such as South Korea, Japan, Singapore, Malaysia, Indonesia, and Taiwan. In Latin America, economies such as Brazil have demand for UAV battery for command, control, communications, computers, intelligence, surveillance, and reconnaissance operations. In the Middle East and Africa, new applications of the drones have emerged which clearly shows have the potential for the UAV battery market in the region.

Key Industry Developments




  • In Jul 2018, Ballard Power Systems announced its acquisition of certain strategic assets of Automotive Fuel Cell Cooperation Corporation (“AFCC”), a private company owned by Daimler AG (“Daimler”) and Ford Motor Company (“Ford”).
  • In Feb 2018, Sion Power, a leading developer of lithium battery technology, announced the appointment of Dr. Jeff Britt as Vice President of Operations. Britt’s responsibilities will include overseeing the company’s operations and production readiness.
  • In Jun 2019, OXIS Energy is setting up the first-ever manufacturing plant specifically for the mass production of lithium-sulfur cells for the production of electrolyte and cathode active material. At the Kenfig Industrial Estate Port Talbot in Wales, the plant will be constructed.

  • Ongoing
  • 2023
  • 2019-2022

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