The Europe drone lithium battery market was valued at US$ 1.14 billion in 2022 and is expected to reach US$ 3.63 billion by 2030; it is estimated to record a CAGR of 15.5% from 2022 to 2030.
Drones help study aerial data in construction, photography, agriculture, and other industries to capture accurate data in a short time, which would otherwise become quite tedious when performed manually. Surveillance by these drones helps better analyze situations to make certain decisions beneficial to increase productivity. For example, surveillance of drones in agricultural fields helps detect insect and pest situations that can be treated and prevented with early drone analysis. Thus, using drones as a cost-effective solution to increase productivity fuels the demand for drones, further propelling the drone battery market.
Major companies in the market in this region include Enix Power Solutions, Parrot Drone SAS, and RRC Power Solutions GmbH. They provide lithium batteries for drones used in commercial mining, agriculture, and photography applications. Further, drone lithium battery market players are taking various initiatives to strengthen their market positions. For instance, in March 2023, Montavista Energy Technologies Corporation (Montavista), an innovative lithium metal battery (LMB) technology company, launched a new LMB product line featuring high power and specific energy.
In recent flight tests conducted by several drone developers, the commercial drones equipped with this new METARY P series product of Montavista have demonstrated ~60-80% longer flight time compared to other commercial lithium-ion batteries (LIB). Such product development initiatives are projected to propel the utilization of these batteries in drones, thereby bolstering the drone lithium battery market in Europe in the coming years.
In November 2022, the European Commission adopted the European Drone Strategy 2.0. The strategy aims to prompt the development of drones along with a safety framework for their operations to boost large-scale commercial drone production. Such initiatives by European governments to boost the drone industry are further expected to fuel the use of drone lithium batteries in the region in the coming years.
Increase in Applications of Drones Across Different Industries Drives Europe Drone Lithium Battery Market
The drone industry is currently considered one of the fastest-growing industries. Drones have gained immense traction as they can facilitate data collection, mapping, and surveying in extreme environmental conditions where manual surveying techniques are risky and impossible. Using mini and micro quad drones for scanning and surveying solutions is considered extremely beneficial in places where humans cannot perform tasks promptly and efficiently.Drones help study aerial data in construction, photography, agriculture, and other industries to capture accurate data in a short time, which would otherwise become quite tedious when performed manually. Surveillance by these drones helps better analyze situations to make certain decisions beneficial to increase productivity. For example, surveillance of drones in agricultural fields helps detect insect and pest situations that can be treated and prevented with early drone analysis. Thus, using drones as a cost-effective solution to increase productivity fuels the demand for drones, further propelling the drone battery market.
Europe Drone Lithium Battery Market Overview
The drone lithium battery market in Europe is segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe. With advancements in drone technologies, drone manufacturers in Europe are providing a wide range of models with various specifications, such as sizes and weights, for different applications. Along with the growth in the drone industry, micro quad and mini quad drones are transforming the traditional approach of drone surveillance of fields and land.Major companies in the market in this region include Enix Power Solutions, Parrot Drone SAS, and RRC Power Solutions GmbH. They provide lithium batteries for drones used in commercial mining, agriculture, and photography applications. Further, drone lithium battery market players are taking various initiatives to strengthen their market positions. For instance, in March 2023, Montavista Energy Technologies Corporation (Montavista), an innovative lithium metal battery (LMB) technology company, launched a new LMB product line featuring high power and specific energy.
In recent flight tests conducted by several drone developers, the commercial drones equipped with this new METARY P series product of Montavista have demonstrated ~60-80% longer flight time compared to other commercial lithium-ion batteries (LIB). Such product development initiatives are projected to propel the utilization of these batteries in drones, thereby bolstering the drone lithium battery market in Europe in the coming years.
In November 2022, the European Commission adopted the European Drone Strategy 2.0. The strategy aims to prompt the development of drones along with a safety framework for their operations to boost large-scale commercial drone production. Such initiatives by European governments to boost the drone industry are further expected to fuel the use of drone lithium batteries in the region in the coming years.
Europe Drone Lithium Battery Market Segmentation
The Europe drone lithium battery market is categorized into battery type, battery capacity, drone MTOW, wing type, end use, and country.- Based on battery type, the Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe drone lithium battery market is segmented into the Germany, the UK, France, Italy, Russia, and the Rest of Europe. Germany dominated the Europe drone lithium battery market share in 2022.
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. Europe Drone Lithium Battery Market Landscape
5. Europe Drone Lithium Battery Market - Key Market Dynamics
6. Drone Lithium Battery Market - Europe Market Analysis
7. Europe Drone Lithium Battery Market Analysis - by Battery Type
8. Europe Drone Lithium Battery Market Analysis - by Battery Capacity
9. Europe Drone Lithium Battery Market Analysis - by Drone MTOW
10. Europe Drone Lithium Battery Market Analysis - by Wing Type
11. Europe Drone Lithium Battery Market Analysis - by End Use
12. Europe Drone Lithium Battery Market - Country Analysis
13. Industry Landscape
14. Company Profiles
15. Appendix
Companies Mentioned
- LG Chem Ltd
- Parrot drone SAS
- Upergy Ltd
- RRC Power Solutions GmbH
- Shenzhen Grepow Battery Co Ltd
- Steatite Ltd
