The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increase in the adoption of drones for commercial and defense applications are expected to drive innovation in drone battery manufacturing, thus driving the market during the forecast period.

The global drone battery market is expected to grow from $4.01 billion in 2022 to $4.94 billion in 2023 at a compound annual growth rate (CAGR) of 23.2%. The drone battery market size is expected to grow to $10.29 billion in 2027 at a CAGR of 20.1%.

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Global Drone Battery Market Segments Include:

• By Component: Cell, BMS, Enclosure, Connector
• By Battery: Fuel Cell, Lithium-Ion, Lithium-Polymer, Nickel Cadmium
• By Drone Type: Medium Altitude Long Endurance (MALE), High Altitude Long Endurance (HALE), Tactical, Small
• By Function: Special Purpose Drones, Passenger Drones, Inspection And Monitoring Drones, Surveying And Mapping Drones, Agriculture Drones, Cargo Air Vehicles, Other Functions
• By End-User: Commercial, Military, Government and Law Enforcement, Other End Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North Americ is the largest region in the global drone battery market in 2021.

Major Market Players in the drone battery market include Amperex Technology Limited, Skydio, Yuneec International, SolidEnergy Systems, Genspow GmbH, H3 Dynamics, Plug Power, Epsilor, Shenzhen Grepow Battery Co. Ltd.

Strategic partnerships have emerged as the key trend gaining popularity in the drone batteries market. Major companies operating in the drone batteries sector are focused on partnerships to meet consumer demand and strengthen their position. For instance, in March 2021, Axon, a US-based provider of electronic control devices, partnered with Skydio, a US-based drone manufacturer. Through this partnership, Skydio’s autonomous drones will be available to law enforcement and emergency services through Axon’s unmanned aircraft program, Axon Air. Furthermore, in November 2020, AggieAir, a Utah State University, partnered with Arctech Charge, a US-based company operating in drone batteries. This collaboration intends to develop crucial technology for drone battery charging and life extension, as well as other novel ways to charge and manage drone fleet batteries for the viability and sustainability of any drone operation.

The Drone Battery Global Market Report 2023  provides a drone battery market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The drone battery market forecast analyzes drone battery market size, drone battery market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A drone battery refers to the power system of a drone that allows the drone to fly high and runs the drone’s onboard systems.

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