The North America drone lithium battery market was valued at US$ 1.47 billion in 2022 and is expected to reach US$ 4.48 billion by 2030; it is estimated to record a CAGR of 14.9% from 2022 to 2030.
They were used for aerial surveillance, anti-aircraft target practice, intelligence gathering, weaponry, and artillery spotting. Primarily developed for military and law enforcement purposes, drones rapidly found their way into the commercial and civilian sectors, owing to technological advancements that made them more reasonably priced, accessible, and capable.
Commercial users are already showing interest in an extensive spectrum of probable assignments. For instance, in October 2023, Amazon Pharmacy announced the launch of its first drone delivery in College Station, Texas. With this, Amazon packages will be dropped by drones within 60 minutes of being ordered via Amazon Pharmacy
North America has a well-developed aerospace & defense sector. In September 2023, Amprius and Tenergy launched a revolutionary high-performance drop-in drone battery pack that is 31% lighter than competing products in the market; moreover, the pack has a 6% greater energy capacity than other products.
In October 2021, DroneBase, a company providing drones for aerial imaging, raised US$ 20 million for the global expansion of its business in the renewable energy industry and other industries. Through its products, the company helps reduce risks by enabling the continuous monitoring of various fields.
In June 2021, Skyfish, a drone manufacturer, received US$ 20 million from venture-backed Series Seed funding. The company specializes in providing drone solutions for precise data collection and analysis for critical situations. The funding helped it expand its portfolio of solutions to various sectors.
In May 2023, Walmart planned to expand drone deliveries to 4 million potential households. For this, the retail chain plans to expand its drone delivery network to 34 sites in Arkansas, Arizona, Florida, Texas, Virginia, and Utah, allowing it to deliver a vast number of orders (more than a million) to customers' homes each year.
These investments and funding are expected to help drone providers expand their businesses and provide solutions to end users from various sectors. The growing demand for drones propels the need for batteries in North America, which is likely to benefit the drone lithium battery market in the region.
Technological advancements in lithium batteries for drones Fuel North America Drone Lithium Battery Market
Lithium batteries have arisen as the frontrunners in the ever-evolving landscape of energy storage technology, providing compact and efficient power solutions for an extensive range of applications. Among these, lithium-polymer (LiPo) and lithium-ion (Li-ion) batteries have established themselves as protuberant choices for power delivery and energy storage for numerous industries. Since the Second World War, UAVs or drones were principally associated with defense and the military.They were used for aerial surveillance, anti-aircraft target practice, intelligence gathering, weaponry, and artillery spotting. Primarily developed for military and law enforcement purposes, drones rapidly found their way into the commercial and civilian sectors, owing to technological advancements that made them more reasonably priced, accessible, and capable.
Commercial users are already showing interest in an extensive spectrum of probable assignments. For instance, in October 2023, Amazon Pharmacy announced the launch of its first drone delivery in College Station, Texas. With this, Amazon packages will be dropped by drones within 60 minutes of being ordered via Amazon Pharmacy
North America Drone Lithium Battery Market Overview
The US, Canada, and Mexico are among the major countries in North America. These countries have robust economies, and they are hubs of technological developments, which makes them potential markets for drone lithium battery implementations. The use of drones in the agriculture and mining industries has become common in North American countries. Thus, various companies are developing drones for surveillance activities. Many of them are also investing in the expansion and sophistication of drone technologies.North America has a well-developed aerospace & defense sector. In September 2023, Amprius and Tenergy launched a revolutionary high-performance drop-in drone battery pack that is 31% lighter than competing products in the market; moreover, the pack has a 6% greater energy capacity than other products.
In October 2021, DroneBase, a company providing drones for aerial imaging, raised US$ 20 million for the global expansion of its business in the renewable energy industry and other industries. Through its products, the company helps reduce risks by enabling the continuous monitoring of various fields.
In June 2021, Skyfish, a drone manufacturer, received US$ 20 million from venture-backed Series Seed funding. The company specializes in providing drone solutions for precise data collection and analysis for critical situations. The funding helped it expand its portfolio of solutions to various sectors.
In May 2023, Walmart planned to expand drone deliveries to 4 million potential households. For this, the retail chain plans to expand its drone delivery network to 34 sites in Arkansas, Arizona, Florida, Texas, Virginia, and Utah, allowing it to deliver a vast number of orders (more than a million) to customers' homes each year.
These investments and funding are expected to help drone providers expand their businesses and provide solutions to end users from various sectors. The growing demand for drones propels the need for batteries in North America, which is likely to benefit the drone lithium battery market in the region.
North America Drone Lithium Battery Market Segmentation
The North America drone lithium battery market is categorized into battery type, battery capacity, drone MTOW, wing type, end use, and country.- Based on battery type, the North America drone lithium battery market is categorized into Li-ion, Li-Po, and Li-S. The Li-Po segment held the largest market share in 2022.
- In terms of battery capacity, the North America drone lithium battery market is categorized into below 3,000 mAh, 3,000-5,000 mAh, and 3,000-5,000 mAh. The below 3,000 mAh segment held the largest market share in 2022.
- By drone MTOW, the North America drone lithium battery market is segmented into below 100 Kgs, 100 - 200 Kgs, and above 200 Kgs. The below 100 Kgs segment held the largest market share in 2022.
- In terms of wing type, the North America drone lithium battery market is bifurcated into fixed wing and rotary wing. The rotary wing segment held a larger market share in 2022.
- Based on end use, the North America drone lithium battery market is bifurcated into commercial and military. The commercial segment held a larger market share in 2022. Further, the military segment is sub segmented into ISR, warfare, and others.
- By country, the North America drone lithium battery market is segmented into the US, Canada, and Mexico. The US dominated the North America drone lithium battery market share in 2022.
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. North America Drone Lithium Battery Market Landscape
5. North America Drone Lithium Battery Market - Key Market Dynamics
6. Drone Lithium Battery Market - North America Market Analysis
7. North America Drone Lithium Battery Market Analysis - by Battery Type
8. North America Drone Lithium Battery Market Analysis - by Battery Capacity
9. North America Drone Lithium Battery Market Analysis - by Drone MTOW
10. North America Drone Lithium Battery Market Analysis - by Wing Type
11. North America Drone Lithium Battery Market Analysis - by End Use
12. North America Drone Lithium Battery Market - Country Analysis
13. Industry Landscape
14. Company Profiles
15. Appendix
Companies Mentioned
- LG Chem Ltd
- Max Amps Inc
- Eaglepicher technologies LLC
- RRC Power Solutions GmbH
- Shenzhen Grepow Battery Co Ltd
