Global UAV Battery Market is estimated to witness a CAGR of 16% from 2018 till 2023.

Market Highlights:

A battery is an integral part of Unmanned Aerial Vehicles (UAV) that consists of stored energy used to provide power during flight. The evolution of battery bus architecture in UAVs has simultaneously evolved their propulsion system.
The increased need for improved endurance and longer flight duration have led to increasing demand for the development of UAV battery. The emergence of fuel cell powered drones will boost the market. The increased focus on battery with high specific energy will enable the manufacturers to offer new growth opportunities for the market players.

However, there are some shortcomings such as high discharge rate, high cost, low endurance which will restrain the growth of this market. The market for UAV Battery market is estimated to witness a CAGR of 16% during the forecast period.

On the basis of region, the global market is segmented into North America, Asia Pacific, Europe, the Middle East, and South America. In the North American region, many companies have started investing in drones to utilize them in various applications, such as agriculture and military. Asia Pacific is witnessing high demand for UAV battery. Extensive use of civilian UAVs and increased defense spending by various countries in the region, such as Japan, South Korea, Malaysia, Singapore, and Indonesia have bolstered the demand for UAV battery. Furthermore, in year 2017, Ballard Power Systems signed a contract with Insitu, a Boeing subsidiary, to develop a next-generation high-performance fuel cell propulsion system to power unmanned aerial vehicles. In the year 2015, Cella Energy signed a contract with Israel Aerospace Industries (IAI) to develop and evaluate a fuel cell power system for IAI’s BirdEye Mini UAV.

The scope of the Report

This study provides an overview of the Global UAV Battery Market, tracking two market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC), Middle East & Africa and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global UAV battery market by its UAV type, battery type, and region.


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