At 16.1% CAGR, Asia Pacific Drone Lithium Battery Market is Projected to be Worth US$ 3,035.78 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Asia Pacific drone lithium battery market was valued at US$ 921.65 million in 2022 and is expected to reach US$ 3,035.78 million by 2030, registering a CAGR of 16.1% from 2022 to 2030. Increase in applications of drones across different industries and significant benefits offered by lithium battery to drone are among the critical factors attributed to drive the Asia Pacific drone lithium battery market growth.

The drone industry is currently considered one of the fastest-growing industries. Drones have gained immense traction as they can facilitate data collection, mapping, and surveying in extreme environmental conditions where manual surveying techniques are risky and impossible. Using mini and micro quad drones for scanning and surveying solutions is considered extremely beneficial in places where humans cannot perform tasks promptly and efficiently.

Drones help study aerial data in construction, photography, agriculture, and other industries to capture accurate data in a short time, which would otherwise become quite tedious when performed manually. Surveillance by these drones helps better analyze situations to make certain decisions beneficial to increase productivity. For example, surveillance of drones in agricultural fields helps detect insect and pest situations that can be treated and prevented with early drone analysis. Thus, using drones as a cost-effective solution to increase productivity fuels the demand for drones, further propelling the drone battery market.

On the flip side, restriction on transport of lithium batteries hampers the growth of Asia Pacific drone lithium battery market.

Based on battery type, the Asia Pacific drone lithium battery market is categorized into Li-ion, Li-Po, and Li-S. The Li-Po segment held 78.5% market share in 2022, amassing US$ 723.74 million. It is projected to garner US$ 2,401.88 million by 2030 to register 16.2% CAGR during 2022-2030.

In terms of battery capacity, the Asia Pacific drone lithium battery market is segmented into below 3,000 mAh, 3,000-5,000 mAh, and 3,000-5,000 mAh. The below 3,000 mAh segment held 41.8% share of Asia Pacific drone lithium battery market in 2022, amassing US$ 385.51 million. It is anticipated to garner US$ 1,360.49 million by 2030 to expand at 17.1% CAGR during 2022-2030.

By drone MTOW, the Asia Pacific drone lithium battery market is divided into below 100 Kgs, 100 - 200 Kgs, and above 200 Kgs. The below 100 Kgs segment held 68.5% share of Asia Pacific drone lithium battery market in 2022, amassing US$ 631.55 million. It is projected to garner US$ 1,980.18 million by 2030 to expand at 15.4% CAGR from 2022 to 2030.

By wing type, the Asia Pacific drone lithium battery market is bifurcated into fixed wing and rotary wing. The rotary wing segment held 66.0% share of Asia Pacific drone lithium battery market in 2022, amassing US$ 608.17 million. It is projected to garner US$ 1,928.88 million by 2030 to expand at 15.5% CAGR from 2022 to 2030.

By end use, the Asia Pacific drone lithium battery market is bifurcated into commercial and military. The military segment held 64.5% share of Asia Pacific drone lithium battery market in 2022, amassing US$ 594.81 million. It is projected to garner US$ 1,869.45 million by 2030 to expand at 15.4% CAGR from 2022 to 2030. Further, the military segment is sub segmented into ISR, warfare, and others. Military segment is further categorized into ISR, warfare, and others.

Based on country, the Asia Pacific drone lithium battery market is categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 46.3% share of Asia Pacific drone lithium battery market in 2022. It was assessed at US$ 426.82 million in 2022 and is likely to hit US$ 1,490.87 million by 2030, registering a CAGR of 16.9% during 2022-2030.

Key players operating in the Asia Pacific drone lithium battery market are LG Chem Ltd, DNK Power Co Ltd, CTECHi Technology Co Ltd, RRC Power Solutions GmbH, and Shenzhen Grepow Battery Co Ltd., among others.

• In September 2020, LG Chem Ltd announced that a high-altitude long-endurance solar-powered unmanned vehicle (EAV-3) developed by the Korea Aerospace Research Institute has successfully finished flight testing in the stratosphere environment using its lithium-sulfur battery. With this new next-generation battery, EAV-3 flew at an altitude of 22kms, which is unprecedented for a domestic unmanned aircraft, and achieved a new record of flying at the highest altitude in the stratosphere in Korea. Also, it flew for 7 hours out of 13 flight hours with a stable output in the stratospheric altitude of 12-22 km, where a general aircraft cannot fly.
  
  
• In September 2022, RRC Power Solutions GmbH is adopting a dual-sourcing strategy to prevent supply shortages. The strategy helps the company develop existing standard battery packs like the RRC2054 and plan product launches with shorter delivery times.
  
  

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