UAV Battery Market - Global Size, Share & Industry Trends 2024-2032

UAV Battery Market Synopsis:

UAV Battery Market Size Was Valued at USD 6.22 Billion in 2023, and is Projected to Reach USD 16.17 Billion by 2032, Growing at a CAGR of 11.2 % From 2024-2032.

UAV Battery Market captures aspects of design, manufacturing and supply of a power source for energies required in UAVs. These batteries are critical in meeting power requirements of the UAVs across different uses, for example, surveillance, delivery and reconnaissance purposes for military, commercial, and industrial uses.

The global market for UAV batteries has been growing steadily over the recent past, being occasioned by the rising use of UAVs for various uses inclusive of security surveillance, and consumer delivery services among others. Thus, requirements for effective, compact, and high-power density energy storage systems, which will bring benefits in terms of extending flight duration, increasing payload, and improving the reliability of UAVs, have been established. Several changes in the battery design and its properties have accordingly played the role of driving forces within the battery market wherein the energy density, density of power, and the charge cycles which are rechargeable have come up with the best chances of displaying the market growth.

Governments in different countries are now spending a lot of money on UAV technology primarily for military use therefore boosting the market for battery systems. At the same time, the growth of electronic commerce and delivery logistics pushes for the use of UAVs with highly reliable power systems. Promising factors for the market growth include the advances in wind and solar energy technologies and coming up with a better battery chemistry to develop long-lasting UAV power systems.

UAV Battery Market Trend Analysis:

Transition to Solid-State Battery Technology

• The UAV battery market is also slowly evolving from lithium-ion batteries to new state-of-the-art more secure, denser, and longer-lasting batteries called the solid-state battery application. Solid-state batteries yield no threat associated with liquid counterparts including leakage and combustion making them suitable for UAV use particularly in sensitive operations. The advancements in exploring new knowledge in this area are growing due to manufacturers’ desire to bring solid-state solutions to market. The prognosticated trend in this market is likely to alter the energy power capacity which ultimately is likely to give better operating reach as well as dependability to UAVs.

Growing Demand for Commercial UAV Applications

• The commercial use of UAVs in aerial photography, farming, and logistics are the leading opportunities the UAV battery market. Businesses of all types are adopting UAVs for lower costs and improved efficiency, demanding more power and faster charging from batteries. Such a shift is supported by changes in regulations and improvements in drone technology, which make it possible. The increasing application area of commercial UAVs provides battery makers with increased opportunities and new demands for UAV batteries.

UAV Battery Market Segment Analysis:

UAV Battery Market is Segmented on the basis of Type, Battery Type, End User, and Region.

By Type, Medium Altitude Long Endurance (MALE) segment is expected to dominate the market during the forecast period

• The MALE UAV segment is estimated to capture a larger share of the market in the forecast period due to increased usage in military and defense situations. MALE UAVs are intended for long-enduring missions at mid-altitude and that makes higher, more-capacitated, and long-lasting batteries necessary. These UAVs are predominantly used for ISR missions, hence; the need to ensure constant and reliable power supply. MALE UAVs are also being used with a higher demand in disaster management and environment monitoring, which is making them dominate most of the markets.

By Battery Type, the Lithium-Ion segment is expected to held the largest share

• Lithium-Ion (Li-ion) segment is expected to dominate the market thanks to high energy density, low weight and high cycle life. Li-ion batteries are more popular than other UAV batteries as they help support long flight times and the capacity to charge up very quickly, important in civil and military use. They are Li-ion technologies are further improving in safety features like, improved heat dissipation and other advancing factors, this is why Li- ion is being advanced. There is also the awareness that UAV segment is experiencing such growth due to their growing application on the commercial, logistical, farming and movie making industries among others.

UAV Battery Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

• North America is likely to remain the largest consumer of UAV Battery Market over the forecast period as a result of high UAV innovation and investment within this region. The most significant promotion in the use of UAVs for military and commercial applications has been witnessed in the United States, and this-alone market has immensely driven the need for sophisticated battery systems. Unmanned aerial vehicles UUVs are attaining growing popularity in defense intelligence and combat operations in the region and requires high performance and durable batteries. Also, the increasing adoption of UAVs across e-commerce companies and their logistics supply chain partners across North America is fueling market growth.
• The region benefits from good governmental and private partnerships for encouraging research in the R&D of batteries leading to better battery technologies. Further, trends toward industrial UAV use and positive regulations and measures that support the market are also boosting the market. North America UAV battery market is expected to grow at a strong pace due to shifting towards renewable energy storage systems, improving chemistries like solid-state and hybrid batteries.

Active Key Players in the UAV Battery Market:

• Amperex Technology Limited (China)
• Ballard Power Systems Inc. (Canada)
• BYD Company Ltd. (China)
• Cella Energy Limited (UK)
• EaglePicher Technologies (USA)
• EnerSys (USA)
• General Electric (USA)
• GS Yuasa Corporation (Japan)
• Kokam Co., Ltd. (South Korea)
• LG Chem Ltd. (South Korea)
• Lithium Werks (Netherlands)
• Panasonic Corporation (Japan)
• Saft Groupe S.A. (France)
• Toshiba Corporation (Japan)
• Ultralife Corporation (USA)
• Other Active Players

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: UAV Battery Market by Vehicle Type
 4.1 UAV Battery Market Snapshot and Growth Engine
 4.2 UAV Battery Market Overview
 4.3 Battery Electric Vehicles (BEVs) Plug-in Hybrid Electric Vehicles (PHEVs) Hybrid Electric Vehicles (HEVs)
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Battery Electric Vehicles (BEVs) Plug-in Hybrid Electric Vehicles (PHEVs) Hybrid Electric Vehicles (HEVs): Geographic Segmentation Analysis

Chapter 5: UAV Battery Market by Battery Type
 5.1 UAV Battery Market Snapshot and Growth Engine
 5.2 UAV Battery Market Overview
 5.3 Lithium-Ion Solid-State Nickel-Metal Hydride
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Lithium-Ion Solid-State Nickel-Metal Hydride: Geographic Segmentation Analysis

Chapter 6: UAV Battery Market by Range
 6.1 UAV Battery Market Snapshot and Growth Engine
 6.2 UAV Battery Market Overview
 6.3 150-300 miles Below 150 miles Above 300 mil
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 150-300 miles Below 150 miles Above 300 mil: Geographic Segmentation Analysis

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Benchmarking
  7.1.2 UAV Battery Market Share by Manufacturer (2023)
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Mergers and Acquisitions  
 7.2 BAIC GROUP (CHINA)
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Role of the Company in the Market
  7.2.5 Sustainability and Social Responsibility
  7.2.6 Operating Business Segments
  7.2.7 Product Portfolio
  7.2.8 Business Performance
  7.2.9 Key Strategic Moves and Recent Developments
  7.2.10 SWOT Analysis
 7.3 BMW GROUP (GERMANY)
 7.4 BYD AUTO CO. LTD. (CHINA)
 7.5 CHANGAN AUTOMOBILE (CHINA)
 7.6 CHERY AUTOMOBILE CO. LTD. (CHINA)
 7.7 DAIMLER AG (GERMANY)
 7.8 GEELY AUTOMOBILE HOLDINGS LTD. (CHINA)
 7.9 GENERAL MOTORS COMPANY (USA)
 7.10 GREAT WALL MOTORS (CHINA)
 7.11 HYUNDAI MOTOR COMPANY (SOUTH KOREA)
 7.12 NIO INC. (CHINA)
 7.13 SAIC MOTOR CORPORATION LIMITED (CHINA)
 7.14 TESLA INC. (USA)
 7.15 TOYOTA MOTOR CORPORATION (JAPAN)
 7.16 VOLKSWAGEN AG (GERMANY)
 7.17 OTHER ACTIVE PLAYERS

Chapter 8: Global UAV Battery Market By Region
 8.1 Overview
 8.2. North America UAV Battery Market
  8.2.1 Key Market Trends, Growth Factors and Opportunities
  8.2.2 Top Key Companies
  8.2.3 Historic and Forecasted Market Size by Segments
  8.2.4 Historic and Forecasted Market Size By Vehicle Type
  8.2.4.1 Battery Electric Vehicles (BEVs) Plug-in Hybrid Electric Vehicles (PHEVs) Hybrid Electric Vehicles (HEVs)
  8.2.5 Historic and Forecasted Market Size By Battery Type
  8.2.5.1 Lithium-Ion Solid-State Nickel-Metal Hydride
  8.2.6 Historic and Forecasted Market Size By Range
  8.2.6.1 150-300 miles Below 150 miles Above 300 mil
  8.2.7 Historic and Forecast Market Size by Country
  8.2.7.1 US
  8.2.7.2 Canada
  8.2.7.3 Mexico
 8.3. Eastern Europe UAV Battery Market
  8.3.1 Key Market Trends, Growth Factors and Opportunities
  8.3.2 Top Key Companies
  8.3.3 Historic and Forecasted Market Size by Segments
  8.3.4 Historic and Forecasted Market Size By Vehicle Type
  8.3.4.1 Battery Electric Vehicles (BEVs) Plug-in Hybrid Electric Vehicles (PHEVs) Hybrid Electric Vehicles (HEVs)
  8.3.5 Historic and Forecasted Market Size By Battery Type
  8.3.5.1 Lithium-Ion Solid-State Nickel-Metal Hydride
  8.3.6 Historic and Forecasted Market Size By Range
  8.3.6.1 150-300 miles Below 150 miles Above 300 mil
  8.3.7 Historic and Forecast Market Size by Country
  8.3.7.1 Russia
  8.3.7.2 Bulgaria
  8.3.7.3 The Czech Republic
  8.3.7.4 Hungary
  8.3.7.5 Poland
  8.3.7.6 Romania
  8.3.7.7 Rest of Eastern Europe
 8.4. Western Europe UAV Battery Market
  8.4.1 Key Market Trends, Growth Factors and Opportunities
  8.4.2 Top Key Companies
  8.4.3 Historic and Forecasted Market Size by Segments
  8.4.4 Historic and Forecasted Market Size By Vehicle Type
  8.4.4.1 Battery Electric Vehicles (BEVs) Plug-in Hybrid Electric Vehicles (PHEVs) Hybrid Electric Vehicles (HEVs)
  8.4.5 Historic and Forecasted Market Size By Battery Type
  8.4.5.1 Lithium-Ion Solid-State Nickel-Metal Hydride
  8.4.6 Historic and Forecasted Market Size By Range
  8.4.6.1 150-300 miles Below 150 miles Above 300 mil
  8.4.7 Historic and Forecast Market Size by Country
  8.4.7.1 Germany
  8.4.7.2 UK
  8.4.7.3 France
  8.4.7.4 The Netherlands
  8.4.7.5 Italy
  8.4.7.6 Spain
  8.4.7.7 Rest of Western Europe
 8.5. Asia Pacific UAV Battery Market
  8.5.1 Key Market Trends, Growth Factors and Opportunities
  8.5.2 Top Key Companies
  8.5.3 Historic and Forecasted Market Size by Segments
  8.5.4 Historic and Forecasted Market Size By Vehicle Type
  8.5.4.1 Battery Electric Vehicles (BEVs) Plug-in Hybrid Electric Vehicles (PHEVs) Hybrid Electric Vehicles (HEVs)
  8.5.5 Historic and Forecasted Market Size By Battery Type
  8.5.5.1 Lithium-Ion Solid-State Nickel-Metal Hydride
  8.5.6 Historic and Forecasted Market Size By Range
  8.5.6.1 150-300 miles Below 150 miles Above 300 mil
  8.5.7 Historic and Forecast Market Size by Country
  8.5.7.1 China
  8.5.7.2 India
  8.5.7.3 Japan
  8.5.7.4 South Korea
  8.5.7.5 Malaysia
  8.5.7.6 Thailand
  8.5.7.7 Vietnam
  8.5.7.8 The Philippines
  8.5.7.9 Australia
  8.5.7.10 New Zealand
  8.5.7.11 Rest of APAC
 8.6. Middle East & Africa UAV Battery Market
  8.6.1 Key Market Trends, Growth Factors and Opportunities
  8.6.2 Top Key Companies
  8.6.3 Historic and Forecasted Market Size by Segments
  8.6.4 Historic and Forecasted Market Size By Vehicle Type
  8.6.4.1 Battery Electric Vehicles (BEVs) Plug-in Hybrid Electric Vehicles (PHEVs) Hybrid Electric Vehicles (HEVs)
  8.6.5 Historic and Forecasted Market Size By Battery Type
  8.6.5.1 Lithium-Ion Solid-State Nickel-Metal Hydride
  8.6.6 Historic and Forecasted Market Size By Range
  8.6.6.1 150-300 miles Below 150 miles Above 300 mil
  8.6.7 Historic and Forecast Market Size by Country
  8.6.7.1 Turkiye
  8.6.7.2 Bahrain
  8.6.7.3 Kuwait
  8.6.7.4 Saudi Arabia
  8.6.7.5 Qatar
  8.6.7.6 UAE
  8.6.7.7 Israel
  8.6.7.8 South Africa
 8.7. South America UAV Battery Market
  8.7.1 Key Market Trends, Growth Factors and Opportunities
  8.7.2 Top Key Companies
  8.7.3 Historic and Forecasted Market Size by Segments
  8.7.4 Historic and Forecasted Market Size By Vehicle Type
  8.7.4.1 Battery Electric Vehicles (BEVs) Plug-in Hybrid Electric Vehicles (PHEVs) Hybrid Electric Vehicles (HEVs)
  8.7.5 Historic and Forecasted Market Size By Battery Type
  8.7.5.1 Lithium-Ion Solid-State Nickel-Metal Hydride
  8.7.6 Historic and Forecasted Market Size By Range
  8.7.6.1 150-300 miles Below 150 miles Above 300 mil
  8.7.7 Historic and Forecast Market Size by Country
  8.7.7.1 Brazil
  8.7.7.2 Argentina
  8.7.7.3 Rest of SA

Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies

Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research