Drone Battery Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Drone Battery Market is segmented By Technology (Lithium-based, Nickel-based, Others), By Component (Cells, Enclosures, Connectors, Battery Management....
Drone Battery Market Size
Market Size in USD
CAGR16.1%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 16.1% |
| Market Concentration | High |
| Major Players | DJI, LG Chem, Panasonic, Samsung SDI, Tattu (Shenzhen Grepow Battery Co., Ltd) |
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Drone Battery Market Analysis
The Drone Battery Market is estimated to be valued at USD 8.7 Bn in 2024 and is expected to reach USD 39.1 Bn by 2031, growing at a compound annual growth rate (CAGR) of 16.1% from 2024 to 2031. Increased demand for commercial drones from industries like agriculture, infrastructure monitoring and filmmaking is driving the need for high-capacity lithium-ion batteries with longer flight times.
The demand for drone batteries is expected to grow significantly over the forecast period. Key market trends include a shift towards more powerful lithium polymer batteries as they allow for greater energy density and longer flight times. Manufacturers are investing in research around graphene batteries which could revolutionize the drone industry by providing superior power capacity in small lightweight packages. Innovation in battery technology will be crucial for the continued growth of the commercial drone market.