UAV Battery Market Report, by UAV 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), by Region (North America, Europe, Asia Pacific, and LAMEA)

  • Published On : Jul 2019 |
  • Pages : 100 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Global UAV Battery Market - Insights

A drone or an unmanned aerial vehicle (UAV) refers to a non-pilot aircraft which comprises of combined technologies such as computer vision, object avoidance technology, and artificial intelligence. Drones have been used for military applications over a decade, such as the Predator UAV. Defense forces are now increasing adoption of small drone/UAV technologies for the purpose of conducting surveillance and reconnaissance during missions, which is expected to drive the market for UAV batteries during the forecast period.

The military expenditure for drone technologies has been increasing. For instance, the military budget announced by the U.S. government was US$ 583 billion in 2017, which was increased to US$ 640 billion in 2018. This will allow manufacturers of drones, UAVs and their components, higher opportunities to increase their contribution in the market share.

The global UAV battery market is expected to witness significant growth during the forecast period (2018–2026). The market growth is attributed to increasing demand for high performance, long duration flight time UAVs for military applications. Furthermore, as per Coherent Market Insights, growth of the UAV battery market is also propelled by the drone industry growth, whose production was pegged at 2.2 million units in 2016, and is expected to witness high growth during the forecast period (2018-2026).

Figure 1. Global UAV Battery Market Share (%), by Region (2017 & 2026)

UAV Battery  | Coherent Market Insights

Source: Coherent Market Insights, 2017-18

Increasing production of UAVS for deployment in the militaries across various regions is expected to aid in growth of the market

Increasing UAV production across various countries and regions is leading to high demand for different types of batteries. For instance, according to Worldwide Market Reports’ (WMR) analysis, the global military UAV production reached 3,117 units in 2017. In the UAV market, the U.S. accounted for the largest share of 37.8% by volume, and 41.9% by value, in 2017. Moreover, Asia Pacific accounted for the second largest share in the UAV market in 2017, and is the second largest market for UAV batteries, followed by Europe and the rest of the world. Therefore, increasing production of UAVs across various regions is expected to drive growth of the global UAV battery market.

As per Coherent Market Insights, in 2015, the drone industry witnessed a steep growth due to the rule by Federal Aviation Administration (FAA), which granted new exemptions for companies to operate drones in the U.S. This factor is also expected to aid the market growth.

Figure 2. Global UAV Battery Market Share (%), By UAV Type (2017)

UAV Battery  | Coherent Market Insights

Source: Coherent Market Insights, 2016-17

Increasing defense expenditure by governments is expected to aid growth of the market

Increasing military expenditure by governments across the globe is creating lucrative opportunities for market players in the global UAV battery market. Increasing adoption of UAVs for strengthening defense and military capabilities, is a major factor that is expected to aid the growth of the market. The adoption rate of UAVs is high in North America and Asia Pacific due to high military expenditure in these regions. For instance, according to WMR’s analysis, the U.S. military budget was announced as US$ 583 billion in 2017, which was later increased to US$ 640 billion in 2018. Moreover, the defense budget announced by the government of India in 2017 was US$ 52.5 billion, which increased from US$ 51.1 billion in 2016. Increasing budget for defense and military purposes has led to a high expenditure on UAVs and other related technologies, which is expected to drive growth of the market.

Increasing use of UAVs to perform patrolling operations at borders is expected to drive the market growth

Increasing demand for UAVs in border forces such as army, navy, and air force around the world for intelligence, reconnaissance, and surveillance purposes is expected to boost growth of the market. Moreover, increasing demand for electronic surveillance and high number of missions performed by drones is also expected to increase the market growth. For instance, according to WMR analysis, the U.S. Customs and Border Protection (CBP) agency completed 635 drone missions in 2017, which was the highest number of missions performed with drones till date.

Some of the key players operating in the Global UAV Battery Market include Ballard Power Systems, Cella Energy Limited, Denchi Power Ltd., EaglePicher Technologies, H3 Dynamics, Kokam, OXIS Energy Ltd., Sion Power Corporation, and Tadiran Batteries GmbH.

UAV battery market is expected to witness significant demand in terms of military application over the forecast period, owing to high performance, and long duration flight time of UAVs. However, high cost of military UAVs and their components is one of the major factors restraining growth of the UAV battery market.

Market Dynamics

The global UAV battery market growth is attributed to increasing deployment of drones for military activities globally, in addition to rising demand of medium altitude long endurance UAVs for operations such as intelligence, surveillance, and reconnaissance (ISR). For instance, in 2018, the United States Air Force (USAF) deployed drones in Afghanistan for the purpose of tracking terrorists involved in a bomb planting mission. Additionally, in June 2019, the United States Army signed a contract worth US$ 40 million with FLIR Systems to develop miniature, helicopter-like drones for conducting reconnaissance during their operational missions. Moreover, increasing deployment of tactical UAVs along with multi-mission capabilities for ISR and attack missions is another factor aiding the growth of UAV battery market globally.

Key features of the study:

  • This report provides in-depth analysis of the global UAV battery market size (US$ Million), and Compound Annual Growth Rate (CAGR %) for the forecast period (2018– 2026), considering 2017 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global UAV battery market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and key strategies
  • Companies covered as part of this study include Ballard Power Systems, Cella Energy Limited, Denchi Power Ltd., EaglePicher Technologies, H3 Dynamics, Kokam, OXIS Energy Ltd., Sion Power Corporation, and Tadiran Batteries GmbH.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, product upgrades, market expansion, and marketing tactics
  • The global UAV battery market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global UAV battery market.

Detailed Segmentation:

  • Global UAV Battery Market, By UAV Type:
    • Medium Altitude High Endurance (MALE)
    • High Altitude High Endurance (HALE)
  • Global UAV Battery Market, By Battery Type:
    • Fuel Cell
    • Lithium-Ion
    • Lithium Polymer
    • Nickel Cadmium
  • Global UAV Battery Market, By Geography:
    • North America
      • By UAV Type:
        • Medium Altitude High Endurance (MALE)
        • High Altitude High Endurance (HALE)
      • By Battery Type:
        • Fuel Cell
        • Lithium-Ion
        • Lithium Polymer
        • Nickel Cadmium
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By UAV Type:
        • Medium Altitude High Endurance (MALE)
        • High Altitude High Endurance (HALE)
      • By Battery Type:
        • Fuel Cell
        • Lithium-Ion
        • Lithium Polymer
        • Nickel Cadmium
      • By Country:
        • U.K.
        • Germany
        • Russia
        • France
        • Italy
        • Rest of Europe
    • Asia Pacific
      • By UAV Type:
        • Medium Altitude High Endurance (MALE)
        • High Altitude High Endurance (HALE)
      • By Battery Type:
        • Fuel Cell
        • Lithium-Ion
        • Lithium Polymer
        • Nickel Cadmium
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • Rest of Asia Pacific
    • LAMEA (Latin America, Middle East, and Africa)
      • By UAV Type:
        • Medium Altitude High Endurance (MALE)
        • High Altitude High Endurance (HALE)
      • By Battery Type:
        • Fuel Cell
        • Lithium-Ion
        • Lithium Polymer
        • Nickel Cadmium
      • By Sub-Region:
        • Latin America
        • Middle East
        • Africa
  • Company Profiles
    • Ballard Power Systems*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/ Updates
    • Cella Energy Limited
    • Denchi Power Ltd
    • EaglePicher Technologies
    • H3 Dynamics
    • Kokam
    • OXIS Energy Ltd.
    • Sion Power Corporation
    • Tadiran Batteries GmbH

“*” marked represents similar segmentation in other categories in the respective section.

 

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By UAV Type
      • Market Snippet, By Battery Type
      • Market Snippet, By Region
    • WMR Opportunity Map (WOM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Impact Analysis – Market Dynamics
      • Market Opportunities
      • Partnerships & Acquisitions
      • Porter’s Five Forces Analysis
      • SWOT Analysis
  4. Global UAV Battery Market, By UAV Type, 2018-2026  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Segment Trends
    • Medium Altitude Long Endurance (MALE)
      • Introduction
      • Market Size and Forecast, 2018–2026, (US$ Million)
    • High Altitude Long Endurance (HALE)
      • Introduction
      • Market Size and Forecast, 2018–2026, (US$ Million)
    • Tactical UAVs
      • Introduction
      • Market Size and Forecast, 2018–2026, (US$ Million)
    • Small UAVs
      • Introduction
      • Market Size and Forecast, 2018–2026, (US$ Million)
  5. Global UAV Battery Market, By Battery Type, 2018-2026  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Segment Trends
    • Fuel Cell
      • Introduction
      • Market Size and Forecast, 2018–2026, (US$ Million)
    • Lithium-Ion
      • Introduction
      • Market Size and Forecast, 2018–2026, (US$ Million)
    • Lithium Polymer
      • Introduction
      • Market Size and Forecast, 2018–2026, (US$ Million)
    • Nickel Cadmium
      • Introduction
      • Market Size and Forecast, 2018–2026, (US$ Million)
  6. Global UAV Battery Market, By Region, 2018-2026 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2026 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By UAV Type, 2018–2026 (US$ Million)
      • Market Size and Forecast, By Battery Type, 2018–2026 (US$ Million)
      • Market Share Analysis, By Country, 2017–2026 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By UAV Type, 2018–2026 (US$ Million)
      • Market Size and Forecast, By Battery Type, 2018–2026 (US$ Million)
      • Market Share Analysis, By Country, 2017 and 2026 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By UAV Type, 2018–2026 (US$ Million)
      • Market Size and Forecast, By Battery Type, 2018–2026 (US$ Million)
      • Market Share Analysis, By Country, 2017 and 2026 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America, Middle East, and Africa
      • Regional Trends
      • Market Size and Forecast, By UAV Type, 2018–2026 (US$ Million)
      • Market Size and Forecast, By Battery Type, 2018–2026 (US$ Million)
      • Market Share Analysis, By Country, 2017 and 2026 (%)
        • Latin America
        • Middle East
        • Africa
  7. Competitive Landscape
    • Company Profiles
      • Ballard Power Systems
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Cella Energy Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Denchi Power Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • EaglePicher Technologies
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • H3 Dynamics
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Kokam
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • OXIS Energy Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sion Power Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Tadiran Batteries  GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 16 market data tables and 16 figures on "Global UAV Battery Market - Global forecast to 2026”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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