Autonomous Drone Wireless Charging and Infrastructure Market to Grow at a CAGR of 34.78% Between 2019 to 2024

Posted May 18, 2020 by bisrsrch

The increasing demand for BVLOS drones in different commercial applications in future is expected to help in fueling the market for wireless drone charging system

Wireless charging as a concept was first introduced more than 130 years ago. Moreover, the wireless power transmission concept was first developed by Nikola Tesla, a Serbian-American engineer, and physicist, between 1888 and 1906. In the 19th century, Tesla devised a system to demonstrate wireless power transmission. Further, most of the wireless power transmission technologies have been based on Michael Faraday's theory of electromagnetic induction. Prior to several technological advancements, wireless charging technology is presently gaining widespread prominence among consumer electronic goods such as smartphones, electric toothbrushes, wearable devices, and kitchen appliances.

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Over the last decade, drones have been adopted in various commercial, government, and military operations. In enhancing the efficiency of an electric-powered UAV, their low battery life acts as a significant restraint. In an attempt to overcome this challenge, drone operators are trying to adopt wireless charging technologies. The average battery life of a mid-sized commercial drone is 10-20 minutes, while a drone with an advanced battery has a life of 30 minutes. However, these types of drones are costly and not feasible for commercial applications.

Drones operating in the BVLOS range have to travel long distances, due to which they require an adequate electrical power supply. In drones, the electrical power is provided by a rechargeable battery installed in the drones. It becomes difficult for drones to carry many extra batteries during operations, as it increases the weight of the drone. Furthermore, due to the distinct remoteness between a flying drone and the ground station, there arises a need for a solution that can enable an autonomous drone to recharge its battery automatically. It can be achieved with the development of intermediary landing platforms in which the autonomous drone’s battery can be charged. Developing intermediary landing platforms enable the drones to take long flights. An advanced wireless charging system is used at this intermediary platform due to its low maintenance and higher safety. In this system, multiple power transmitter systems that make use of resonance inductive coupling-based wireless power transmission techniques are used.

Electric-powered drones use Li-Po batteries that consume a significant amount of power for the operation. Drones that are used for long-range applications, such as mapping and inspection, need a battery that provides longer flight time. The battery capacity of mid-sized drones limits their flight time and mission duration. To tackle this issue, various companies and researches around the world are working on developing a wireless charging technology for drones. This technology could enable the drone to charge automatically during the mission instead of carrying an extra set of batteries or large batteries.

BVLOS operations can be performed for certain specific applications, such as inspection, search and rescue, package delivery, and border patrol. For military and government-related applications, the drones already fly in the BVLOS range, while in commercial applications, the BVLOS operations are expected to commence by 2021. In most countries, BVLOS flights are either not permitted or highly regulated, as of now. According to the FAA, numerous applications are currently emerging with regard to BVLOS operations, further creating ample opportunities for the autonomous drone wireless charging and infrastructure market.

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Therefore, recharging the UAV battery is a feasible solution for attaining more flight time to complete the mission. By charging wirelessly, drone operations are more productive and help the drone in achieving increased flight time. Global Energy Transmission is one such company that developed a power transmission cord to charge the drone wirelessly while in airborne. Moreover, the company claims that its fast charging technology reduces the charging time of a drone to less than the discharging time of the same. Thus, the wireless charging technology for drones helps in enabling longer flight duration in many emerging application areas.

Key Questions Answered in this Report:

• What is the expected revenue to be generated by different technologies for wireless charging system during the forecast period 2019-2024?
• What are the major growth opportunities for drone manufacturers in applications such as commercial, military and government, and personal and hobbyist?
• What is the expected revenue to be generated by different regions such as North America, Europe, Asia-Pacific, and Rest-of-the-World (RoW) during the forecast period 2019-2024?
• Which are the key companies currently operating in the autonomous wireless drone charging and infrastructure market?
• Which global factors are expected to impact the wireless charging system for drones in the next five years?
• What are the key market strategies adopted by the autonomous wireless drone charging and infrastructure market players?

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Tags Autonomous Drone Wireless Charging and Infrastructure
Last Updated May 18, 2020