UAV Battery Market Strategies and Share 2031
The application of UAVs is increasing with a significant rise in commercial, civil, and military applications. The growth in the UAV market will ultimately drive the growth for UAV batteries. Also, increasing development in UAV battery technologies such as enhanced capacity, fast charging, and lowering prices has supported the market growth. UAVs are prominently used for improved cross-border surveillance to improve military intelligence, communication, and border security. Batteries for UAVs are likely to rise in demand knowingly over the forecast period. With the growing demand for drones in a wide variety of industries and applications, the UAV battery market is expected to witness significant growth. Drones are extensively in demand in various industries, including construction, agriculture, emergency response, mapping, law enforcement, surveillance, and e-commerce, which is likely to drive the UAV battery market.
MARKET SCOPE
The Global UAV battery Market Analysis to 2031 is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the UAV battery market with detailed market segmentation by UAV type, battery type, and geography. The report provides key statistics on the market status of the leading UAV battery market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
On the basis of UAV type, the market is segmented as Low-Altitude Long Endurance (LALE), Medium-Altitude Long Endurance (MALE), High-Altitude Long Endurance (HALE).
On the basis of battery type, the market is segmented as fuel cell, lithium-ion, nickel cadmium, and lithium polymer.
MARKET DYNAMICS
Drivers:
- Recent advancements in technologies and the growing adoption of drones in commercial applications such as drone delivery drive the market growth.
- The increasing popularity of modern drones systems and the thriving need for high-power backups have boosted the market growth.
Restraints:
- High initial and maintenance costs may restrain the growth of the UAV battery market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The UAV battery market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter Five Forces analysis, highlighting the factors affecting the UAV battery market in these regions
IMPACT OF COVID-19 ON UAV BATTERY MARKET
The COVID - 19 pandemic has a negative impact on the growth of aerospace, defense, aviation, law enforcement, and military industries. The disrupted supply chain and low production activities by UAV manufacturers have resulted in a slower growth rate for the market. However, the increasing spending on the defense industry even in the pandemic situation has supported the market growth. The defense and military industry experiences the minimal impact of the COVID - 19 pandemics. However, from the starting of 2021, the UAV industry started to regain its momentum which supported the drive the market growth in coming years.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The UAV battery market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter Five Forces analysis, highlighting the factors affecting the UAV battery market in these regions
IMPACT OF COVID-19 ON UAV BATTERY MARKET
The COVID - 19 pandemic has a negative impact on the growth of aerospace, defense, aviation, law enforcement, and military industries. The disrupted supply chain and low production activities by UAV manufacturers have resulted in a slower growth rate for the market. However, the increasing spending on the defense industry even in the pandemic situation has supported the market growth. The defense and military industry experiences the minimal impact of the COVID - 19 pandemics. However, from the starting of 2021, the UAV industry started to regain its momentum which supported the drive the market growth in coming years.
MARKET PLAYERS
The report covers key developments in the UAV battery market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from UAV battery market are anticipated to lucrative growth opportunities in the future with the rising demand for UAV battery in the global market.\
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the UAV battery market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Ballard Power Systems.
Denchi Group Ltd
EaglePicher Technologies
H3 Dynamics LLC
Hylium Industries, Inc.
MMC
OXIS Energy Ltd.
SION POWER CORPORATION
Tadiran
Steatite Ltd
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1UAV Battery Market - By UAV type
1.3.2UAV Battery Market - By Battery Type
1.3.3UAV Battery Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.UAV BATTERY MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.UAV BATTERY MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.UAV BATTERY MARKET - GLOBAL MARKET ANALYSIS
6.1.UAV BATTERY - GLOBAL MARKET OVERVIEW
6.2.UAV BATTERY - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.UAV BATTERY MARKET - REVENUE AND FORECASTS TO 2028 â UAV TYPE
7.1.OVERVIEW
7.2.UAV TYPE MARKET FORECASTS AND ANALYSIS
7.3.LOW-ALTITUDE LONG ENDURANCE (LALE)
7.3.1.Overview
7.3.2.Low-Altitude Long Endurance (LALE) Market Forecast and Analysis
7.4.MEDIUM-ALTITUDE LONG ENDURANCE (MALE)
7.4.1.Overview
7.4.2.Medium-Altitude Long Endurance (MALE) Market Forecast and Analysis
7.5.HIGH-ALTITUDE LONG ENDURANCE (HALE)
7.5.1.Overview
7.5.2.High-Altitude Long Endurance (HALE) Market Forecast and Analysis
7.6.SMALL UAV
7.6.1.Overview
7.6.2.Small UAV Market Forecast and Analysis
8.UAV BATTERY MARKET - REVENUE AND FORECASTS TO 2028 â BATTERY TYPE
8.1.OVERVIEW
8.2.BATTERY TYPE MARKET FORECASTS AND ANALYSIS
8.3.FUEL CELL
8.3.1.Overview
8.3.2.Fuel cell Market Forecast and Analysis
8.4.LITHIUM-ION
8.4.1.Overview
8.4.2.Lithium-ion Market Forecast and Analysis
8.5.NICKEL CADMIUM
8.5.1.Overview
8.5.2.Nickel cadmium Market Forecast and Analysis
8.6.LITHIUM POLYMER
8.6.1.Overview
8.6.2.Lithium polymer Market Forecast and Analysis
9.UAV BATTERY MARKET REVENUE AND FORECASTS TO 2028 â GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America UAV Battery Market Overview
9.1.2North America UAV Battery Market Forecasts and Analysis
9.1.3North America UAV Battery Market Forecasts and Analysis - By UAV type
9.1.4North America UAV Battery Market Forecasts and Analysis - By Battery Type
9.1.5North America UAV Battery Market Forecasts and Analysis - By Countries
9.1.5.1United States UAV Battery Market
9.1.5.1.1United States UAV Battery Market by UAV type
9.1.5.1.2United States UAV Battery Market by Battery Type
9.1.5.2Canada UAV Battery Market
9.1.5.2.1Canada UAV Battery Market by UAV type
9.1.5.2.2Canada UAV Battery Market by Battery Type
9.1.5.3Mexico UAV Battery Market
9.1.5.3.1Mexico UAV Battery Market by UAV type
9.1.5.3.2Mexico UAV Battery Market by Battery Type
9.2.EUROPE
9.2.1Europe UAV Battery Market Overview
9.2.2Europe UAV Battery Market Forecasts and Analysis
9.2.3Europe UAV Battery Market Forecasts and Analysis - By UAV type
9.2.4Europe UAV Battery Market Forecasts and Analysis - By Battery Type
9.2.5Europe UAV Battery Market Forecasts and Analysis - By Countries
9.2.5.1Germany UAV Battery Market
9.2.5.1.1Germany UAV Battery Market by UAV type
9.2.5.1.2Germany UAV Battery Market by Battery Type
9.2.5.2France UAV Battery Market
9.2.5.2.1France UAV Battery Market by UAV type
9.2.5.2.2France UAV Battery Market by Battery Type
9.2.5.3Italy UAV Battery Market
9.2.5.3.1Italy UAV Battery Market by UAV type
9.2.5.3.2Italy UAV Battery Market by Battery Type
9.2.5.4United Kingdom UAV Battery Market
9.2.5.4.1United Kingdom UAV Battery Market by UAV type
9.2.5.4.2United Kingdom UAV Battery Market by Battery Type
9.2.5.5Russia UAV Battery Market
9.2.5.5.1Russia UAV Battery Market by UAV type
9.2.5.5.2Russia UAV Battery Market by Battery Type
9.2.5.6Rest of Europe UAV Battery Market
9.2.5.6.1Rest of Europe UAV Battery Market by UAV type
9.2.5.6.2Rest of Europe UAV Battery Market by Battery Type
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific UAV Battery Market Overview
9.3.2Asia-Pacific UAV Battery Market Forecasts and Analysis
9.3.3Asia-Pacific UAV Battery Market Forecasts and Analysis - By UAV type
9.3.4Asia-Pacific UAV Battery Market Forecasts and Analysis - By Battery Type
9.3.5Asia-Pacific UAV Battery Market Forecasts and Analysis - By Countries
9.3.5.1Australia UAV Battery Market
9.3.5.1.1Australia UAV Battery Market by UAV type
9.3.5.1.2Australia UAV Battery Market by Battery Type
9.3.5.2China UAV Battery Market
9.3.5.2.1China UAV Battery Market by UAV type
9.3.5.2.2China UAV Battery Market by Battery Type
9.3.5.3India UAV Battery Market
9.3.5.3.1India UAV Battery Market by UAV type
9.3.5.3.2India UAV Battery Market by Battery Type
9.3.5.4Japan UAV Battery Market
9.3.5.4.1Japan UAV Battery Market by UAV type
9.3.5.4.2Japan UAV Battery Market by Battery Type
9.3.5.5South Korea UAV Battery Market
9.3.5.5.1South Korea UAV Battery Market by UAV type
9.3.5.5.2South Korea UAV Battery Market by Battery Type
9.3.5.6Rest of Asia-Pacific UAV Battery Market
9.3.5.6.1Rest of Asia-Pacific UAV Battery Market by UAV type
9.3.5.6.2Rest of Asia-Pacific UAV Battery Market by Battery Type
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa UAV Battery Market Overview
9.4.2Middle East and Africa UAV Battery Market Forecasts and Analysis
9.4.3Middle East and Africa UAV Battery Market Forecasts and Analysis - By UAV type
9.4.4Middle East and Africa UAV Battery Market Forecasts and Analysis - By Battery Type
9.4.5Middle East and Africa UAV Battery Market Forecasts and Analysis - By Countries
9.4.5.1South Africa UAV Battery Market
9.4.5.1.1South Africa UAV Battery Market by UAV type
9.4.5.1.2South Africa UAV Battery Market by Battery Type
9.4.5.2Saudi Arabia UAV Battery Market
9.4.5.2.1Saudi Arabia UAV Battery Market by UAV type
9.4.5.2.2Saudi Arabia UAV Battery Market by Battery Type
9.4.5.3U.A.E UAV Battery Market
9.4.5.3.1U.A.E UAV Battery Market by UAV type
9.4.5.3.2U.A.E UAV Battery Market by Battery Type
9.4.5.4Rest of Middle East and Africa UAV Battery Market
9.4.5.4.1Rest of Middle East and Africa UAV Battery Market by UAV type
9.4.5.4.2Rest of Middle East and Africa UAV Battery Market by Battery Type
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America UAV Battery Market Overview
9.5.2South and Central America UAV Battery Market Forecasts and Analysis
9.5.3South and Central America UAV Battery Market Forecasts and Analysis - By UAV type
9.5.4South and Central America UAV Battery Market Forecasts and Analysis - By Battery Type
9.5.5South and Central America UAV Battery Market Forecasts and Analysis - By Countries
9.5.5.1Brazil UAV Battery Market
9.5.5.1.1Brazil UAV Battery Market by UAV type
9.5.5.1.2Brazil UAV Battery Market by Battery Type
9.5.5.2Argentina UAV Battery Market
9.5.5.2.1Argentina UAV Battery Market by UAV type
9.5.5.2.2Argentina UAV Battery Market by Battery Type
9.5.5.3Rest of South and Central America UAV Battery Market
9.5.5.3.1Rest of South and Central America UAV Battery Market by UAV type
9.5.5.3.2Rest of South and Central America UAV Battery Market by Battery Type
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.UAV BATTERY MARKET, KEY COMPANY PROFILES
11.1.BALLARD POWER SYSTEMS.
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.DENCHI POWER LIMITED
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.EAGLEPICHER TECHNOLOGIES
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.H3 DYNAMICS LLC
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.HYLIUM INDUSTRIES INC.
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.MMC
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.OXIS ENERGY LTD
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.SION POWER CORPORATION
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.STEATITE LTD
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.TADIRANÂ
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1.Ballard Power Systems.
2.Denchi Power Limited
3.EaglePicher Technologies
4.H3 Dynamics LLC
5.Hylium Industries INC.
6.MMC
7.OXIS Energy Ltd
8.SION POWER CORPORATION
9.Steatite Ltd
10.TadiranÂ
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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