Energy Storage for Drone Trends and Forecast
The future of the global energy storage for drone market looks promising with opportunities in the agriculture, construction, power and water utility, real estate, journalism, cinematography, transportation, and energy sector markets. The global energy storage for drone market is expected to grow with a CAGR of 23.4% from 2024 to 2030. The major drivers for this market are growing adoption of electric drones powered by energy storage systems and rising applications of drones across various industries, such as agriculture, construction, logistics, and entertainment.
• Lucintel forecasts that battery is expected to witness the higher growth over the forecast period.
• Within this market, agriculture is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
United States: Company Initiative: Tesla, a leading US-based technology company, has announced plans to develop high-energy-density batteries specifically tailored for drone applications. The initiative aims to leverage TeslaÄX%$%Xs expertise in battery technology to address the growing demand for longer flight times and improved performance in drones. The US government, through initiatives such as the Department of EnergyÄX%$%Xs (DOE) Advanced Research Projects Agency-Energy (ARPA-E), aims to support research and development efforts in advanced battery technologies. Targets include increasing energy density, reducing costs, and enhancing safety for a wide range of applications, including drones.
India: Company Initiative: Amara Raja Batteries Limited, an Indian battery manufacturer, has announced the development of lightweight and high-capacity batteries suitable for drone applications. The initiative aims to cater to the growing demand for energy storage solutions in the Indian drone market and support the countryÄX%$%Xs emerging drone industry.The Indian government aims to promote indigenous manufacturing and innovation in the drone sector through initiatives such as the Drone Promotion Council. Targets include enhancing domestic production capacity and fostering collaboration between industry players and research institutions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Energy Storage for Drone by Segment
The study includes a forecast of the global energy storage for drone by type, application, and region.
Energy Storage for Drone Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Battery
• Fuel Cell
Energy Storage for Drone Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Agriculture
• Construction
• Power & Water Utility
• Real Estate
• Journalism
• Cinematography
• Transportation
• Energy Sector
• Others
Energy Storage for Drone Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Energy Storage Companies for Drone Market
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies energy storage companies for drone market cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the energy storage companies for drone market profiled in this report include-
• Ballard Power Systems
• DJI
• Highpower International
• Kokam
• Grepow
• H3 Dynamics
• Intelligent Energy
Recent Development in the Energy Storage for Drone Market
DJI: DJI, a leading drone manufacturer, has announced the development of a high-capacity battery for its Phantom series drones. The new battery features advanced lithium-ion technology, providing increased energy density and longer flight times for Phantom drones. With improved energy storage capabilities, DJI aims to enhance the performance and versatility of its drones, catering to the evolving needs of professional and commercial users.
Lumenier: Lumenier, a manufacturer specializing in racing drones, has introduced graphene battery technology for its drone lineup. The new graphene batteries offer higher energy density and faster charging rates compared to traditional lithium-polymer (LiPo) batteries. With this initiative, Lumenier aims to improve the agility and speed of its racing drones, providing competitive advantages to drone racing enthusiasts and professional pilots.
Tattu: Tattu, a renowned battery manufacturer, has launched a series of high-performance battery packs specifically designed for industrial drones. The new battery packs feature advanced cell chemistry and intelligent management systems, optimizing energy storage and distribution for prolonged flight missions. TattuÄX%$%Xs initiative addresses the growing demand for reliable and efficient energy storage solutions in industries such as agriculture, construction, and aerial photography.
Turnigy: Turnigy, a leading provider of RC (remote control) components, has developed smart LiPo batteries with built-in safety features for drones. The new batteries incorporate features such as overcharge protection, thermal monitoring, and cell balancing, ensuring safe and reliable operation during drone flights. TurnigyÄX%$%Xs initiative aims to enhance the safety and longevity of drone batteries, addressing concerns related to battery performance and reliability in various operating conditions.
Features of the Global Energy Storage for Drone Market
Market Size Estimates: Energy storage for drone market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Energy storage for drone market size by type, application, and region in terms of value ($B).
Regional Analysis: Energy storage for drone market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions of the energy storage for drone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the energy storage for drone market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for energy storage for drone market?
Answer: The global energy storage for drone market is expected to grow with a CAGR of 23.4% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the energy storage for drone market?
Answer: The major drivers for this market are growing adoption of electric drones powered by energy storage systems and rising applications of drones across various industries, such as agriculture, construction, logistics, and entertainment.
Q3. What are the major segments for energy storage for drone market?
Answer: The future of the energy storage for drone market looks promising with opportunities in the agriculture, construction, power and water utility, real estate, journalism, cinematography, transportation, and energy sector markets.
Q4. Who are the key energy storage companies for drone market?
Answer: Some of the key energy storage companies for drone market are as follows:
• Ballard Power Systems
• DJI
• Highpower International
• Kokam
• Grepow
• H3 Dynamics
• Intelligent Energy
Q5. Which energy storage for drone market segment will be the largest in future?
Answer: Lucintel forecasts that battery is expected to witness the higher growth over the forecast period.
Q6. In energy storage for drone market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities of the energy storage for drone market by type (battery and fuel cell), application (agriculture, construction, power & water utility, real estate, journalism, cinematography, transportation, energy sector, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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