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Premium Market Insights Analyst have added a new research study on Title “Drone Battery Market Size, Share, Growth, Trends, Industry Demand and Forecast to 2028 – COVID-19 Impact and Global Analysis – by Drone Type, Battery Type, Battery Capacity, and Industry,” the market was valued at US$ 994.97 million in 2022 and is expected to reach US$ 2,450.56 million by 2028; it is anticipated to register a CAGR of 16.2% from 2022 to 2028. While creating Drone Battery Market Report, the key attributes that have been adopted include highest level of spirit, practical solutions, committed research and analysis, innovation, integrated approaches, and most up-to-date technology. A numerous market, marketing strategies, trends, future products, and rising opportunities have been considered while studying market for preparing this industry analysis report.
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In the past years, drones had limited applications. When drones were first introduced, they were strictly used for military purposes for training, target practices, air strikes, bomb detection, surveillance, and more. However, with the adoption of technologies, drones are being used in several other industries, which is fueling the drone battery market growth.
Market Overview
The key stakeholders in the drone battery market are raw material suppliers, drone battery manufacturers, and end users. Raw material suppliers play a major role in the drone battery market. As the material sourcing and operations of the raw material suppliers were affected, the demand and supply gap increased among the raw material suppliers and battery manufacturers. During the COVID-19 pandemic, the raw material suppliers have faced several supply chain challenges in procuring logistics services, difficulties in internal production operations due to several factors such as lack of manpower and other resources and several remote operational challenges. All these factors have increased the demand and supply gap between raw material suppliers and battery manufacturers across the globe.
Drone Battery Market document is the high-quality report having in-depth market research studies. This report provides comprehensive and Statistical analysis of the market with the help of up-to-date industry share, overview, dynamics, size, growth, competitive analysis, Companies and Drone Battery strategy analysis. It presents a definite solution to obtain market insights with which businesses can think about market place clearly and thereby take important decisions for growth of the business. All the data, facts, figures and information included in this business document is backed up by well renowned analysis tools which include SWOT analysis and Porter’s Five Forces analysis. A number of steps are used while preparing a worldwide Drone Battery report by taking the inputs from a dedicated team of researchers, analysts, and forecasters.
Drone Battery Market: Competitive Landscape and Key Developments
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Moreover, several countries such as China and Russia are major providers of lithium and nickel across the world, wherein a few countries such as the US have already banned China-based products across their respective countries. Further, China accounts for more than 60% of the global drone market. The country comprises a few of the major drone manufacturing companies such as DJI, and procures several types of drone battery products from its domestic vendors. The companies constantly generate the demand for drone batteries across their respective serving countries. Such factors have also impacted the supply chain of China-based battery and drone products for different regions.
The raw material supplier provides raw materials such as lithium, polymers, and nickel alloys to drone battery manufacturers to manufacture the final drone battery product. A few of the key global drone battery providers operating in the market include AMIT industries L.T.D, Amperex Technology Limited, Autel Robotics, MMC-UAV, SES AI, Parrot Drone SAS, Maxamps, Shenzhen Grepow Battery Co, DJI, and RRC Power Solutions. These companies are constantly working with different end use industry customers to understand their respective requirements and provide them with a reliable solution to cater to the growing demand for drone batteries. Such factor also drives the drone battery market growth globally.
The Drone Battery market has been segmented as follows:
By Drone Type (Mini Quad And Micro Quad)
By Battery Type (NiCad, NiMH, And LiPo)
By Battery Capacity (Below 3,000 MAh, 3,000-5,000 MAh, 5,000-10,000 MAh, And Above 10,000 MAh)
By Industry (Agriculture & Forestry, Infrastructure Inspection, Utilities, Construction, Mining, And Others)
In addition to the above-mentioned key ecosystem players, several other peripheral stakeholders are involved in the drone battery market, which play a crucial role in enabling the growth and technological advancements related to drone batteries. A few of these stakeholders include government agencies, industry associations, network service providers, and regulatory bodies, among others. Network service providers and governments of various countries across the globe support the development and adoption of efficient drone technologies. Distributors and resellers help manufacturers distribute their products on a global level through online and offline channels. The end users of the drone battery market include drone manufacturers and drone users that constantly keep generating the demand for drone batteries for drone manufacturing and purchasing ARF drones.
The drone battery market size is categorized based on drone type, battery type, battery capacity, and industry. Based on drone type, the drone battery market is divided into mini quad and micro quad. Based on battery type, the drone battery market is segmented into NiCad, NiMH, and LiPo. Based on battery capacity, the drone battery market is segmented into below 3,000 mAh, 3,000-5,000 mAh, 5,000-10,000 mAh, and above 10,000 mAh. Based on industry, the drone battery market is segmented into agriculture & forestry, infrastructure inspection, utilities, construction, mining, and others.
Report Highlights:
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Key Findings of Market Study:
DJI, Amperex Technology Limited, Parrot Drones SAS, Autel Robotics, and Shenzhen Grepow Battery Co are the five key drone battery market players operating in the market. The listing of key drone battery market players is derived by considering multiple parameters such as overall revenue, brand image, current drone battery portfolio in terms of number of models, technology integration & product enhancements, geographic reach, new product/feature launches, market initiatives, mergers & acquisitions, and other market-related activities. AMIT industries L.T.D, MMC-UAV, SES AI, Maxamps, and RRC Power Solutions are a few other notable drone battery market players profiled in this market study. In addition to these players, multiple other leading global and regional market players, emerging companies, market disruptors, and niche market players operating in the market ecosystem were also analyzed during the course of this study.
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