The commercial applications of drones are expected to foster the market growth. As per the secondary sources, the usage of drones has increased rapidly in various industries due to its efficiency and data analytics features. So, the usage of drone batteries in these devices is expected to boost the market growth during the forecast period. With the increase in technological advancements used in drones and medical devices, there is a growth in demand for lightweight, flexible, waterproof, high-capacity drone batteries. In addition, Increasing investment for development in drone technology by both public and private sectors is also supplementing the market growth. Due to the restrictions laid down by various governments globally in order to curb the spread of the pandemic, manufacturing companies came up with new ideas to transport the necessities and at the same time maintain least surface contact. Performance of drone batteries used in IoT devices has become one of the essential factors to consider while designing IoT-based drones. With the growing rise in IoT, drones are utilized to combat the pandemic by providing public surveillance for social distancing and transportation of urgent medical necessities. The growth in demand of drones for commercial and medical use is one of the major factors driving the growth of global drone battery market. However, the overall impact on drone battery market due to the pandemic depends on various other factors such as the duration and spread of the disease worldwide, regulations imposed by various governments in the view of it, pace of the research work with respect to Covid-19, and others. These were also used for Covid-19 situational monitoring and mass gatherings during the pandemic. As per a secondary source, drones were used for transport of samples, blood, vaccines, medicines, organs and other life-saving medical equipments. On the other hand, end-users like medical equipments, samples transport and IoT based manufacturers had to speed up their production capacity in response to the growth in demand and increased consumption. They had to slow down the production due to shortage of manpower and disruption in transportation of goods and raw materials. Due to lockdowns, some of its end-users like consumer driven electronics, commercial and construction sites were terribly affected by the pandemic. North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and AfricaĬovid-19 has made a strong impact on the growth of global drone battery market. Ltd., and Epsilor, and others.īy Drone Type, By Type of Drone Battery Material, By Capacity, By Application Ltd., SolidEnergy Systems, Sion Power, Doosan Mobility Innovation, Shenzhen Grepow Battery Co. Report AnalysisĮaglepicher Technologies, Oxis Energy Ltd, Plug Power Inc, HES Energy Systems (H3 Systems), Intelligent Energy, RRC Power Solutions, Micromulticopter Aero Technology Co. A LiPO has a resting or nominal voltage of 3.7V versus a LiHV which has a storage voltage of 3.8V. The battery pack voltage is important as it impacts the maximum motor speed of a quadcopter. The primary difference between the two is that a LiPO cell has a fully charged voltage of 4.2V compared to a LiHV cell which has a voltage of 4.35V at full charge. The lithium battery packs used to power quadcopters are of two types: Lithium polymer (LiPO) and lithium polymer high voltage (LiHV). Lithium batteries are the most common batteries used to power quadcopters due to their higher energy densities and discharge capabilities. Scope of Global Drone Battery Market:-Ī drone battery is the primary and most important component of a quadcopter and is selected ideally to gain a perfect balance between it’s performance and flight time. Global Drone Battery Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2028: The growth in demand of drones for commercial and medical use and increasing investment for development in drone technology by both public and private sectors are some of the major factors driving the growth of the Global Drone Battery Market. Global Drone Battery Market is valued at USD 3.60 Billion in 2021 and is expected to reach USD 12.52 Billion by 2028 with a CAGR of 19.5% over the forecast period.
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