Drone Lithium Battery Global Market Report 2024

The drone lithium battery market size has grown rapidly in recent years. It will grow from $4.82 billion in 2023 to $5.59 billion in 2024 at a compound annual growth rate (CAGR) of 16%. The growth observed during the historical period can be attributed to several factors. Notably, there has been a rising demand for drones across various industries, which has increased consumer confidence and contributed to the acceptance of drone lithium batteries. The growing adoption of drones for commercial applications, coupled with increasing awareness of electric-powered drones, has played a significant role in driving the historic growth of drone lithium batteries.

The drone lithium battery market size is expected to see rapid growth in the next few years. It will grow to $10.02 billion in 2028 at a compound annual growth rate (CAGR) of 15.7%. The anticipated growth in the forecast period can be attributed to several factors. The emergence of urban air mobility is expected to be a key driver, along with the integration of drone lithium batteries with 5G networks. The forecasted demand for lightweight and compact batteries, as well as batteries with high-temperature performance, is likely to contribute to the growth. Additionally, the development of drone swarming technology is expected to be a significant factor. Major trends anticipated in the forecast period include ongoing technological advancements in drone batteries, the increasing number of drone start-ups, and a continued focus on regulatory compliance within the industry.

The drone lithium battery market is poised for growth due to the increasing use of drones in commercial applications. Diverse industries and sectors deploy unmanned aerial vehicles (UAVs) for efficient, safe, and cost-effective task execution, compared to traditional methods. Lithium batteries, known for their high energy density, lightweight design, and flight power capabilities, play a crucial role in powering drones. According to a UK drone survey conducted by the Civil Aviation Authority (CAA) in May 2023, drone users in the UK increased to 5% from 3% in 2021. The survey also indicated a substantial growth projection in commercial drone deliveries and an increase in filming and media drone users. This surge in the commercial use of drones is a key driver for the growth of the drone lithium battery market.

Major players in the drone lithium battery market are actively developing innovative solutions, including lithium battery packs tailored for commercial drones, to enhance performance and address industry challenges. These batteries offer high energy density, power output, fast recharge times, durability, and a low self-discharge rate, contributing to improved performance and reliability. For example, in April 2021, KULR Technology Group Inc., a US-based developer of next-generation thermal management technologies, introduced high-capacity lithium battery packs designed specifically for commercial drones. These energy-efficient battery packs incorporate safe and lightweight batteries with advanced chemistry and thermal management technology. Featuring cutting-edge capabilities such as cell-level monitoring, visible warning indicators, charge control balancing, and thermal runaway mitigation, KULR's lithium battery packs address critical challenges related to battery safety and technological constraints in the drone industry.

In October 2023, Tuthill Corporation, a US-based industrial products manufacturing company, completed the acquisition of EaglePicher Technologies for an undisclosed amount. This strategic acquisition positions Tuthill to enhance its offerings across various industries, including aerospace, defense, and medical devices, where reliable power solutions are paramount. EaglePicher Technologies LLC, the acquired company, specializes in providing lithium-ion battery systems specifically designed for UAV drones.

Major companies operating in the drone lithium battery market are Sony Corporation, Panasonic Corporation, LG Chem Ltd., China Aviation Lithium Battery Co. Ltd. (CNHL), Samsung SDI Co. Ltd., HES Energy Systems Pte Ltd, Team Orion, SZ DJI Technology Co. Ltd., Max Amps Inc, Plug Power Inc., RRC Power Solutions GmbH, Horizon Hobby LLC, CTECHi Technology Co Ltd, Kokam Co. Ltd., Grepow Battery Co. Ltd., EnerDel Inc., Thunder Tiger Corp, Solid State PLC, Dualsky Motors, Hextronik Limited, Venom Group International, Tattu and Gens Ace, Thunder Power RC Corporation.

North America was the largest region in the drone lithium battery market in 2023. The regions covered in the drone lithium battery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the drone lithium battery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Drone lithium batteries are a specialized category of rechargeable batteries specifically designed for unmanned aerial vehicles, commonly referred to as drones. These batteries typically employ lithium-ion or lithium-polymer technology, providing notable features such as high energy density, lightweight construction, and prolonged power output.

The primary types of drone lithium batteries encompass lithium-ion, lithium-polymer, and lithium-sulfur. Lithium-ion batteries utilize lithium ions in their electrolyte and are fundamental to drone technology, providing high energy density, reliability, and a lightweight design crucial for powering drones during flight missions. The categorization of battery capacity includes below 3,000 mAh, 3,000-5,000 mAh, and above 5,000 mAh, tailored for drones with various wing types such as fixed wings and rotary wings. Additionally, the drone's maximum takeoff weight (MTOW) category is classified as below 100 kg, 100-200 kg, and above 200 kg, intended for use in military and commercial applications.

The drone lithium battery research report is one of a series of new reports that provides drone lithium battery market statistics, including the drone lithium battery industry's global market size, regional shares, competitors with an drone lithium battery market share, detailed drone lithium battery market segments, market trends and opportunities, and any further data you may need to thrive in the drone lithium battery industry. This drone lithium battery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The drone lithium battery market consists of sales of high-performance racing drone batteries, LiFePO4 (Lithium Iron Phosphate) batteries, and customized battery packs. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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