The Asia Pacific drone lithium battery market was valued at US$ 921.65 million in 2022 and is expected to reach US$ 3.03 billion by 2030; it is estimated to record a CAGR of 16.1% from 2022 to 2030.
The rising use of drones across various industries and the growing number of competitors will encourage start-ups to come up with cost-efficient and better solutions. They try to reach more industries and customers by increasing their production of drones that can be used across several industries. The production of drones is directly proportional to the production of drone batteries. Thus, the growing number of drone start-ups will create a lucrative opportunity for the drone lithium battery market.
In June 2022, the Department of Steel & Mines (DoSM) of Odisha, planned to utilize drones in mining operations to reinforce surveying, detect stockpiles, and read maps more effectively to maintain a safe and secure environment within mines. The DoSM seeks for using drones in mining operations. It invites interested agencies to submit their solutions for developing and implementing intelligent software platforms. Further, in September 2023, Panasonic Holdings (Japan) announced their plans to commence the sales of all-solid-state batteries for small drones and factory robots by 2029. Such initiatives by governments and market players support the growth of the Asia Pacific drone lithium battery market.
Growing Number of Drone Start-ups Boosts Asia Pacific Drone Lithium Battery Market
When drones were first introduced, they were strictly used for military purposes, such as training, target practices, air strikes, bomb detection, surveillance, and more. With technology advancements, drones are being adopted in several industries. Drones have now gained attention in construction, agriculture, mining, entertainment, photography, and other sectors, which have gained the attention of entrepreneurs to bring drone solutions into the market. Therefore, there is a rise in drone start-ups across various regions to meet the demand for drones. For instance, there was an increase of ~34% in the number of drone start-ups in India, with 220 drone start-ups between August 2021 and February 2022.The rising use of drones across various industries and the growing number of competitors will encourage start-ups to come up with cost-efficient and better solutions. They try to reach more industries and customers by increasing their production of drones that can be used across several industries. The production of drones is directly proportional to the production of drone batteries. Thus, the growing number of drone start-ups will create a lucrative opportunity for the drone lithium battery market.
Asia Pacific Drone Lithium Battery Market Overview
The Asia Pacific drone lithium battery market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The market in this region is growing at a high pace, which can be attributed to a large number of drone battery manufacturers operating in China and India. A few of the Chinese and Indian companies offering lithium polymer batteries are URGENEX RC Hobby, CTECHi Technology Co Ltd, and Shenzhen Grepow Battery Co Ltd. URGENEX RC Hobby offers LiPo drone batteries with capacities ranging from 380 mAh to 3000 mAh. Government authorities in several countries are adopting drone technologies across diverse sectors for mapping and surveillance applications.In June 2022, the Department of Steel & Mines (DoSM) of Odisha, planned to utilize drones in mining operations to reinforce surveying, detect stockpiles, and read maps more effectively to maintain a safe and secure environment within mines. The DoSM seeks for using drones in mining operations. It invites interested agencies to submit their solutions for developing and implementing intelligent software platforms. Further, in September 2023, Panasonic Holdings (Japan) announced their plans to commence the sales of all-solid-state batteries for small drones and factory robots by 2029. Such initiatives by governments and market players support the growth of the Asia Pacific drone lithium battery market.
Asia Pacific Drone Lithium Battery Market Segmentation
The Asia Pacific drone lithium battery market is categorized into battery type, battery capacity, drone MTOW, wing type, end use, and country.- Based on battery type, the Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific drone lithium battery market is bifurcated into commercial and military. The military segment held a larger market share in 2022. Further, the military segment is sub segmented into ISR, warfare, and others.
- By country, the Asia Pacific drone lithium battery market is segmented into the Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific drone lithium battery market share in 2022.
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. Drone Lithium Battery Market Landscape
5. Asia Pacific Drone Lithium Battery Market - Key Market Dynamics
6. Drone Lithium Battery Market - Asia Pacific Market Analysis
7. Asia Pacific Drone Lithium Battery Market Analysis - by Battery Type
8. Asia Pacific Drone Lithium Battery Market Analysis - by Battery Capacity
9. Asia Pacific Drone Lithium Battery Market Analysis - by Drone MTOW
10. Asia Pacific Drone Lithium Battery Market Analysis - by Wing Type
11. Asia Pacific Drone Lithium Battery Market Analysis - by End Use
12. Asia Pacific Drone Lithium Battery Market - Country Analysis
13. Industry Landscape
14. Company Profiles
15. Appendix
Companies Mentioned
- LG Chem Ltd
- DNK Power Co Ltd
- CTECHi Technology Co Ltd
- RRC Power Solutions GmbH
- Shenzhen Grepow Battery Co Ltd
