Global UAV Battery Market Overview
UAV Battery market was valued at USD 5929.08 million in 2024 and is expected to reach USD 26257.74 million by 2034, growing at a CAGR of 17.8% during the forecast period
Unmanned Aerial Vehicle (UAV) batteries are manufactured to support and power the UAV structure for a particular period of time which can be prolonged with the help of various batteries in UAVs. Growth in production of UAVs for deployment in the military across various regions is boosting the UAV battery market growth.
Global UAV Battery Market Drivers & Restraints
Rising production of UAVS for deployment in the militaries across the globe
Growing UAV production across the world is forecasting to demand high for different types of batteries. In the UAV market, the U.S. estimated for the highest share of 41.9% by value, and 37.8% by volume in 2017. Additionally, Asia Pacific estimated for the second highest market for UAV batteries and second biggest share in the UAV market in 2017, followed by Europe and the rest of the world. Hence, growing production of UAVs across various regions is projected boost the growth of the global UAV battery market.
Growth in defense expenditure by governments
Rising military expenditure by governments worldwide is gaining a lucrative opportunities for market players in the global UAV battery market. Growing adoption of UAVs for supporting military and defense capabilities, is a major factor that is projected to boost the growth of the market. North America and Asia Pacific has high adoption rate of UAVs owing to high military expenditure in these regions. Further, the defense budget declared by the government of India in 2017 was US$ 52.5 billion, which greater from US$ 51.1 billion in 2016. Rising budget for military and defense purposes has directed to a high expenditure on UAVs and other related technologies, which is anticipated to propel growth of the market.
Global UAV Battery Market Segmentations & Regional Insights
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
The global UAV battery market is segmented based on type, battery type, and region.
On the basis of type, the global UAV battery market is segmented into medium altitude long endurance, high altitude long endurance, tactical UAVs, and small UAVs. On the basis of battery type, the target market is classified into fuel cell, lithium-ion, lithium polymer, and nickel cadmium.
Regional Insights:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
On region the global UAV battery market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the most leading region in the global UAV battery market and it is projected to register high growth in the near future. This is attributed due to expanding use of UAVs/drones for military and commercial applications. Additionally, growing production and deployment of UAVs for different military applications such as surveillance, intelligence, and reconnaissance (ISR), weather analysis, and tactical warfare in the region is also boosting growth for the target market. Furthermore, China is one of the dominating countries in terms of market share in the Asia Pacific UAV battery market, and estimated for 60% of the market share in the Asia Pacific UAV battery market. Russia is anticipated to be the fastest growing market for UAV batteries in Europe due to growing adoption and development of advanced UAV technologies such as shotgun firing drones, which is rising the demand for UAV batteries in the region.
Report Scope:
Attribute |
Details |
Base year for estimation |
2023 |
Forecast period |
2024 – 2034 |
Market representation |
Revenue in USD Million & CAGR from 2024 – 2034 |
Market Segmentation |
By Type - Medium Altitude Long Endurance, High Altitude Long Endurance, Tactical UAVs, and Small UAVs By Battery Type- Fuel Cell, Lithium-Ion, Lithium Polymer, and Nickel Cadmium |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest application trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the global UAV battery market report based on type, battery type, and region.
Global UAV Battery Market, By Type:
- Medium Altitude Long Endurance
- High Altitude Long Endurance
- Tactical UAVs
- Small UAVs
Global UAV Battery Market, By Battery Type:
- Fuel Cell
- Lithium-Ion
- Lithium Polymer
- Nickel Cadmium
Global UAV Battery Market, By Region:
-
-
- North America
-
- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
-
Global UAV Battery Market Competitive Landscape & Key Players
The key players operating the global UAV battery market includes Ballard Power Systems, Cella Energy Limited, EaglePicher Technologies, Denchi Power Ltd., H3 Dynamics, Sion Power Corporation, OXIS Energy Ltd., Kokam, and Tadiran Batteries GmbH. Prominent companies are involved in merges and acquisitions in order to expand its market presence. For instance, in July 2018, Ballard Power Systems declared its acquisition of some strategic assets of Automotive Fuel Cell Cooperation Corporation (AFSS), a private company owned by Ford Motor Company and Daimler AG.
Global UAV Battery Market Company Profile
- Ballard Power Systems
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Cella Energy Limited
- EaglePicher Technologies
- Denchi Power Ltd.
- H3 Dynamics
- Sion Power Corporation
- OXIS Energy Ltd.
- Kokam
- Tadiran Batteries GmbH
“*” marked represents similar segmentation in other categories in the respective section
Global UAV Battery Market Highlights
FAQs
The UAV Battery Market is segmented into type, battery type, and region.
Market growth is propelled by the increasing use of unmanned aerial vehicles (UAVs) in various applications, advancements in battery technology, and the rising demand for longer flight durations and enhanced performance in UAV operations.
Challenges include potential issues related to limited energy density, safety concerns associated with lithium-ion batteries, and regulatory constraints on UAV operations, influencing the global UAV Battery Market.
On region the global UAV battery market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the most leading region in the global UAV battery market and it is projected to register high growth in the near future.
The key players operating the target market includes, Ballard Power Systems, Cella Energy Limited, EaglePicher Technologies, Denchi Power Ltd., H3 Dynamics, Sion Power Corporation, OXIS Energy Ltd., Kokam, and Tadiran Batteries GmbH.