The market growth is credited to growing demand for long duration flight time, high performance, UAVs for military applications.

The global UAV battery market accounted for US$ 1137.4 Million in 2020 and is estimated to be 3244.9 Million by 2029 and is anticipated to register a CAGR of 12.4%. The report. "Global UAV Battery Market, 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), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029”.

Key Highlights:

In February 2018, Sion Power, a global developer of lithium battery technology, declared the appointment of Dr. Jeff Britt as Vice President of operations. Britt’s duties will include overseeing the company’s and production easiness.
In June 2019, OXIS Energy is setting up the first-ever manufacturing plant specifically for the mass production of lithium-suffer cells for the production of electrolyte and cathode active material. At the Kenfig Industrial Estate Port Talbot in Wales, the plant will be constructed.
Analyst View:

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.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global UAV Battery Market”, 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), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Key Market Insights from the report:

The global UAV battery market accounted for US$ 1137.4 Million in 2020 and is estimated to be 3244.9 Million by 2029 and is anticipated to register a CAGR of 12.4%. The market report has been segmented on type, battery type, and region.

By type, the tactical UAVs segment is projected to register the largest growth rate over the forecast period due to growing deployment of UAVs for surveillance, intelligence, and reconnaissance operations by defense forces around the globe.
By battery type, lithium-Ion (Li-Ion) segment accounted the leading share in the global UAV battery market in 2017 due to its high use in commercial drones and are measured as the most cost-effective solution to power drones. These batteries are also utilized along with hybrid fuel cell powered drones.
By region, 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.
To know the upcoming trends and insights prevalent in this market, click the link below:

https://www.prophecymarketinsights.com/market_insight/Global-UAV-Battery-Market-4344

Competitive Landscape:

The prominent player operating in 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.

The market provides detailed information regarding industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included into the report.

About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces Analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period
Key Topics Covered

Introduction
Study Deliverables
Study Assumptions
Scope of the Study
Research Methodology
Executive Summary
Opportunity Map Analysis
Market at Glance
Market Share (%) and BPS Analysis, by Region
Competitive Landscape
Heat Map Analysis
Market Presence and Specificity Analysis
Investment Analysis
Competitive Analysis
To know more

Contact Us:

Sales

Prophecy Market Insights

Email- [email protected]