Report : Asia Pacific Drone Battery Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Drone Type (Mini Quad and Micro Quad), Battery Type (NiCad, NiMH, and LiPo), Battery Capacity (Below 3,000 mAh, 3,000-5,000 mAh, 5,000-10,000 mAh, and Above 10,000 mAh), and Industry (Agriculture & Forestry, Infrastructure Inspection, Utilities, Construction, Mining, and Others)
At 17.1% CAGR, the Asia Pacific Drone Battery Market is speculated to be worth US$ 1,013.31 Million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific drone battery market was valued at US$ 392.43 million in 2022 and is expected to reach US$ 1,013.31 million by 2028, registering a CAGR of 17.1% from 2022 to 2028. Rise in applications of drones across different industries and limited charging capacity of drone batteries are the critical factors attributed to the Asia Pacific drone battery market expansion.
Industry players are engaged in introducing various technologies to ease workflow and boost productivity. The growing population worldwide is remarkably impacting the demand for the solutions from construction, agriculture, mining, and many other industries. To cater to this enormously increasing demand, industry players are engaged in using drones to save time and cost to generate more productivity in less time. For more efficient working, the inclusion of smart batteries in drones can help boost the market.
Intelligent battery systems (IBS) can help improve the reliability, safety, and efficiency of drones. IBS provides accurate and robust information about the state of the battery, and it can control the current flow. It can perform advanced functions such as energy balancing strategies and fault diagnostics for better energy storage systems. This technology helps monitor battery health, track cycle counts, and record the discharge profiles. It also helps provide a longer flight time. It keeps a record of minimum and maximum voltage and current. With the increasing demand for drones, the need for more flight time with the same battery capacity is also increasing. Power management with the help of smart batteries increases the flight time of drones. Thus, the introduction of smart batteries with intelligent battery systems is expected to be a trend in the drone battery market.
On the contrary, introduction of fuel cell technologies for small drone applications hurdles the growth of Asia Pacific drone battery market.
Based on drone type, Asia Pacific drone battery market is segmented into mini quad and micro quad. The mini quad segment held 69.0% market share in 2022, amassing US$ 270.59 million. It is projected to garner US$ 719.76 million by 2028 to expand at 17.7% CAGR during 2022–2028.
Based on battery type, Asia Pacific drone battery market is segmented into below NiCad, NiMH, and LiPo. LiPo segment held 87.8% market share in 2022, amassing US$ 344.38 million. It is projected to garner US$ 901.84 million by 2028 to expand at 17.4% CAGR during 2022–2028.
Based on battery capacity, Asia Pacific drone battery market is segmented into below 3,000 mAh, 3,000-5,000 mAh, 5,000-10,000 mAh, above 10,000 mAh. The below 3000 mAh segment held 42.7% market share in 2022, amassing US$ 167.76 million. It is projected to garner US$ 457.44 million by 2028 to expand at 18.2% CAGR during 2022–2028.
Based on Industry, Asia Pacific drone battery market is segmented into agriculture and forestry, infrastructure inspection, utilities, construction, mining, others. The agriculture and forestry segment held 32.5% market share in 2022, amassing US$ 127.52 million. It is projected to garner US$ 357.14 million by 2028 to expand at 18.7% CAGR during 2022–2028.
Based on country, the Asia Pacific drone battery market is segmented into the Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 46.3% market share in 2022. It was assessed at US$ 181.75 million in 2022 and is likely to hit US$ 491.45 million by 2028, exhibiting a CAGR of 18.0% during the forecast period.
Key players dominating the Asia Pacific drone battery market are SZ DJI Technology Co; Drone SAS; Shenzhen Grepow Battery Co Ltd; Amperex Technology Ltd; Autel Robotics Co Ltd; and MicroMultiCopter Aero Technology Co Ltd, among others.
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