The Drone Battery Market is projected to grow from USD 4.0 Billion in 2021 to USD 9.6 Billion by 2026, at a CAGR of 19.0% from 2021 to 2026. Increasing demand of drones for various applications such as e-commerce, healthcare, and food delivery; limited charge capacity of current batteries in commercial drones; rising amendments in regulatory frameworks to encourage drone battery; and innovations in smart battery technologies to increase the flight endurance and also lower the carbon emission are some of the factors fueling the growth of the market.
Major Drone Battery Companies Include:
These are established companies with manufacturing facilities, warehouses, and strong distribution networks across major regions such as North America, Europe, Asia Pacific, the Middle East, Latin America, and Africa.
EaglePicher Technologies is a leading manufacturer of batteries and energetic devices. Its aerospace product portfolio includes batteries for launch vehicles, satellites, space exploration, civil & commercial aviation, and unmanned aerial vehicles. EaglePicher currently supplies energy storage systems for several drone applications. In January 2019, CFD Research Corporation signed an exclusive agreement with EaglePicher Technologies for the usage of its high-voltage battery materials. This is expected to improve the capacity of its future batteries.
Oxis Energy Ltd is a manufacturer of lithium-sulfur batteries. It collaborates with NASA to develop high energy density Li-S cells for weight crucial applications such as drones and high-altitude vehicles. OXIS also develops cells for several European and US companies. These cells would be used in high-altitude drones and other aerospace applications such as stratospheric balloons. In November 2019, OXIS Energy partnered with Sanyo Trading Co. Ltd to target key markets in Japan. This is expected to bolster its distribution network.
Plug Power Inc. is an American company engaged in the development of hydrogen fuel cell systems and primarily operates in the field of hydrogen power solutions. Its product portfolio consists of hydrogen fuel cell-based power systems such as ProGen Fuel Cell systems, GenDrive systems for material handling operations, and GenSure systems for power backup. Its ProGen Fuel Cell systems are tailored for drone applications and have two power capacity variants: 300W and 1000W. In November 2019, Plug Power announced the acquisition of EnergyOr (a fuel cell and drone manufacturer).
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RRC Power Solutions / Ruffing Ruth Computers Power Solutions is a battery manufacturer that currently operates out of Germany, the US, Hong Kong, and China. It delivers standardized as well as customized power solutions for medical, robotics, aviation, and defense applications. The company offers several variants in its PowerPAQ and FlatPAQ product range. In January 2021, RRC Power Solutions launched a newer version of the RRC1120 battery, with an increased capacity and a lower rate of self-discharge
Shenzhen Grepow Battery Co. Ltd. specializes in the production of NiMH and Li-po batteries, LiFePO4 batteries, and the development of power management systems. Its product portfolio includes pouch, cylindrical, and button type cells well as shaped battery packs, modular battery packs, and battery packs for drone applications. In February 2021, Shenzhen Grepow Battery co. Ltd. launched a newer version of the Tattu plus1.0 16000mAh 12S compact smart battery. This model is lighter than its predecessor.
HES Energy Systems was known as Hydrogen Aerial Mobility Lab when it was started by Horizon Fuel Cell Technologies in 2009 in Singapore. In 2015, it was acquired by H3 Dynamics. The company’s product portfolio consists of hydrogen-powered aircraft, hydrogen-powered drones, and hydrogen-electric power solutions. It offers two categories of fuel cells, namely, the AEROSTAK series which consists of super lightweight hydrogen energy conversion devices that include a special grade PEM fuel cell stack, control electronics, lightweight casings with integrated air-cooling fans, and a hybrid LiPo-compatible hybrid electronic board; and the AEROPAK H2 Power System series, which combines its extremely lightweight fuel cells to high energy density hydrogen energy storage, allowing flight duration extensions by several orders of magnitude compared to lithium batteries.
Drone Battery Market by Technology (Lithium-based, Nickel-based, Fuel Cell), Component (Cell, BMS, Enclosure, Connector), Drone Type (Fixed-wing, Fixed-wing VTOL, Rotary-wing), Platform, Function, Point of Sale, Region - Global Forecast to 2026
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