At 16.7% CAGR, the North America Drone Battery Market is projected to be worth US$ 737.62 Million by 2028, says Business Market Insights

According to Business Market Insights’ research, the North America drone battery market was valued at US$ 291.47 million in 2022 and is expected to reach US$ 737.62 million by 2028, registering a CAGR of 16.7% 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 North America drone battery market expansion.  

Drone battery endurance is one of the major issues for the drone industry. A drone battery with a good charging capacity can resolve this issue. Charge capacity is the amount of energy used in charging a battery. Mini and micro drones used for surveying and mapping in several applications, such as construction, mining, and agriculture, require battery capacities ranging from 10,000 mAh to 15,000 mAh. These drones use rechargeable batteries. Therefore, companies are engaged in providing good battery charging solutions. For instance, according to GensTattu, in January 2022, Tattu launched NMC 532 fast-charging battery for drones. These batteries are made with a 15% reduction in weight which improves their performance. One of the main features of these batteries is their specialist cathode ratio, which improved the battery efficiency by 60%. Mini and micro drones are used for up to 1 hour which get charged with limited charging capacity. Thus, the limited charging capacity required for drone batteries, coupled with manufacturers launching advanced battery solutions, is driving the drone battery market.

On the contrary, introduction of fuel cell technologies for small drone applications hurdles the growth of North America drone battery market.

Based on drone type, North America drone battery market is segmented into mini quad and micro quad. The mini quad segment held 71.3% market share in 2022, amassing US$ 207.73 million. It is projected to garner US$ 537.16 million by 2028 to expand at 17.2% CAGR during 2022–2028.

Based on battery type, North America drone battery market is segmented into below NiCad, NiMH, and LiPo. LiPo segment held 83.4% market share in 2022, amassing US$ 242.97 million. It is projected to garner US$ 632.88 million by 2028 to expand at 17.3% CAGR during 2022–2028.

Based on battery capacity, North America 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 41.6% market share in 2022, amassing US$ 121.31 million. It is projected to garner US$ 322.57 million by 2028 to expand at 17.7% CAGR during 2022–2028.

Based on Industry, North America drone battery market is segmented into agriculture and forestry, infrastructure inspection, utilities, construction, mining, others. The agriculture and forestry segment held 32.0% market share in 2022, amassing US$ 93.37 million. It is projected to garner US$ 259.43 million by 2028 to expand at 18.6% CAGR during 2022–2028.

Based on country, the North America drone battery market is segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 86.1% market share in 2022. It was assessed at US$ 250.85 million in 2022 and is likely to hit US$ 643.20 million by 2028, exhibiting a CAGR of 17.0% during the forecast period.

Key players dominating the North America drone battery market are AMIT industries L.T.D; SES AI Corporation; RRC Power Solutions; Austin Else LLC; and SZ DJI Technology Co Ltd, among others.      

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com