Pune, India -- (SBWIRE) -- 09/24/2018 -- UAV Battery Market Highlights :

A battery is an integral part of Unmanned Aerial Vehicles (UAV) that consists of stored energy used to provide power during flight. The evolution of battery bus architecture in UAVs has simultaneously evolved their propulsion system. The increased need for improved endurance and longer flight duration have led to increasing demand for the development of UAV battery. The emergence of fuel cell powered drones will boost the market. The increased focus on battery with high specific energy will enable the manufacturers to offer new growth opportunities for the market players. However, there are some shortcomings such as high discharge rate, high cost, low endurance which will restrain the growth of this market. The market for UAV Battery market is estimated to witness a CAGR of 16% during the forecast period.

UAV Battery Market is estimated to witness a CAGR of 16% by 2023.

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Key Players

The key players in global UAV battery market are:

- Ballard Power Systems (Canada)
- Cella Energy Limited (U.K)
- Denchi Power Limited (U.K)
- Sion Power Corporation (U.S.)
- Tadiran Batteries (U.S.)
- OXIS Energy (U.K)
- H3 Dynamics (Singapore)
- Ultracharge (Australia)
- MicroMultiCopter Aero Technology Co. Ltd. (China)
- Hylium Industries INC (South Korea)

The scope of the Report

This study provides an overview of the Global UAV Battery Market, tracking two market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC), Middle East & Africa and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global UAV battery market by its UAV type, battery type, and region.

By UAV Type

- MALE
- HALE
- Tactical
- Small

By Battery Type

- Fuel Cell
- Lithium-ion
- Nickel Cadmium
- Lithium Polymer

By Region

- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America

Detailed Segmentation and Regional Analysis

The global UAV battery market is segmented into UAV type, battery type, and regions. Among the UAV type, the Medium-Altitude Long Endurance (MALE) UAV is most widely used and has the largest market share due to long duration flights at an altitude of 10,000-30,000 feet. In terms of segmentation based on battery type, the fuel cell is estimated to have the largest demand in the UAV battery market during the forecast period, due to increase in R&D spending in fuel cells. The main advantages offered by fuel cell powered UAVs include low maintenance, no lubricants, and higher flight duration, which can last to 8 hours. Cella Energy signed a contract with Israel Aerospace Industries (IAI) to develop and evaluate a fuel cell power system for IAI's BirdEye Mini UAV.

On the basis of region, the global market is segmented into North America, Asia Pacific, Europe, the Middle East, and South America. In the North American region, many companies have started investing in drones to utilize them in various applications, such as agriculture and military. Asia Pacific is witnessing high demand for UAV battery. Extensive use of civilian UAVs and increased defense spending by various countries in the region, such as Japan, South Korea, Malaysia, Singapore, and Indonesia have bolstered the demand for UAV battery. Furthermore, in year 2017, Ballard Power Systems signed a contract with Insitu, a Boeing subsidiary, to develop a next-generation high-performance fuel cell propulsion system to power unmanned aerial vehicles. In the year 2015, Cella Energy signed a contract with Israel Aerospace Industries (IAI) to develop and evaluate a fuel cell power system for IAI's BirdEye Mini UAV.

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Table Of Contents

1 Executive Summary

2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model

3 Market Landscape
3.1 Porter's Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Intensity Of Competitive Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

Continued.....

List Of Tables

Table 1 Global UAV Battery Market: By Region, 2018-2023
Table 2 North America UAV Battery Market: By Country, 2018-2023
Table 3 Europe UAV Battery Market: By Country, 2018-2023
Table 4 Asia Pacific UAV Battery Market: By Country, 2018-2023
Table 5 Middle East & Africa UAV Battery Market: By Country, 2018-2023
Table 6 South America UAV Battery Market: By Country, 2018-2023
Table 7 Global UAV Battery Market, By UAV Type, 2018-2023

Continued.....

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