The growing establishment of start-ups across the globe is the major factor driving the growth of the market. Start-up companies are involving in development and launch of new product which will drive the drone battery market. For instance, in July 2020, StoreDot, an Israeli start-up battery and materials company launched an ultra-fast charging (UFC) solution, a FlashBattery technology which reduces the drone charging time. Generally, the charging time of a drone is 60 to 90 minutes which is too far longer time to charge a drone, so to reduce its company offers an ultra-fast charging solution which can charge a commercial drone in five minutes. Adding on the company developed metalloid nanotechnology alloys, which have similar properties to silicone, known for high diffusion and low resistance.

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Additionally, in April 2019, Cuberg, a start-up, with backing from Boeing, venture capitalists, and the U.S. Department of Energy launched a vertical drone powered by a lithium metal battery. The drone with a lithium metal battery flew 70 % longer than the one powered by a lithium-ion battery. The use of lithium metal batteries reduces the excess weight, which makes it an essential ingredient to be used in electric aircraft, flying taxis, and large military cargo drones.

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Market Coverage
Market number available for – 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Global Drone Battery Market Report Segment

By Technology

Lithium-based
Nickel-based
Fuel Cell

By Drone Type 

Fixed-wing
Fixed-wing VTOL
Rotary-wing

By Drone Type 

Cell
Battery Management Systems (BMS)
Enclosure
Connector

Global Drone Battery Market Report Segment by Region

North America

United States
Canada

Europe

UK
Germany
Italy
Spain
France
Rest of Europe

Asia-Pacific

China
India
Japan
South Korea
Rest of Asia-Pacific

Rest of the World

Latin America
Middle East & Africa

The Report Covers

Market value data analysis of 2021 and forecast to 2028.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global drone battery market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.

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