At 14.9% CAGR, North America Drone Lithium Battery Market is Projected to be Worth US$ 4,485.37 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the North America drone lithium battery market was valued at US$ 1,472.85 million in 2022 and is expected to reach US$ 4,485.37 million by 2030, registering a CAGR of 14.9% from 2022 to 2030. Increasing focus on research and development of high-performance drones and significant benefits offered by lithium battery to drone are among the critical factors attributed to drive the North America drone lithium battery market growth.

In recent years, drones have become an essential component of several business applications, such as delivery services, surveying, photography, agriculture, etc. Drones rely on efficient power sources to ensure longer flight times and peak performance. Growing demand for high-performance drones among customers worldwide encourages manufacturers to increase their research for developing high-grade lithium-ion batteries for drones.

The growing demand for high-performance drones encourages manufacturers to develop higher energy storage capacity batteries, enabling drones to fly for longer periods. These higher energy storage capacity batteries are highly beneficial in aerial photography and surveying applications, where longer flight lengths are essential for continuous data collection. Furthermore, these high-performance drone lithium batteries are sophisticated battery management systems that feature critical metrics such as temperature, current flow, and voltage to guarantee peak performance and prevent safety risks in harsh environments. Thus, increasing focus on research and development of high-performance drones is anticipated to fuel the drone lithium battery market in the coming years.

On the flip side, availability of substitute products hampers the growth of North America drone lithium battery market.

Based on battery type, the North America drone lithium battery market is categorized into Li-ion, Li-Po, and Li-S. The Li-Po segment held 83.3% market share in 2022, amassing US$ 1,226.75 million. It is projected to garner US$ 3,787.63 million by 2030 to register 15.1% CAGR during 2022-2030.

In terms of battery capacity, the North America 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 41.6% share of North America drone lithium battery market in 2022, amassing US$ 612.76 million. It is anticipated to garner US$ 1,988.60 million by 2030 to expand at 15.9% CAGR during 2022-2030.

By drone MTOW, the North America drone lithium battery market is divided into below 100 Kgs, 100 - 200 Kgs, and above 200 Kgs. The below 100 Kgs segment held 68.9% share of North America drone lithium battery market in 2022, amassing US$ 1,015.24 million. It is projected to garner US$ 2,962.74 million by 2030 to expand at 14.3% CAGR from 2022 to 2030.

By wing type, the North America drone lithium battery market is bifurcated into fixed wing and rotary wing. The rotary wing segment held 64.7% share of North America drone lithium battery market in 2022, amassing US$ 953.14 million. It is projected to garner US$ 2,828.76 million by 2030 to expand at 14.6% CAGR from 2022 to 2030.

By end use, the North America drone lithium battery market is bifurcated into commercial and military. The commercial segment held 63.3% share of North America drone lithium battery market in 2022, amassing US$ 931.93 million. It is projected to garner US$ 2,742.65 million by 2030 to expand at 14.4% CAGR from 2022 to 2030. Further, the military segment is sub segmented into ISR, warfare, and others.

Based on country, the North America drone lithium battery market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 88.3% share of North America drone lithium battery market in 2022. It was assessed at US$ 1,299.79 million in 2022 and is likely to hit US$ 4,026.51 million by 2030, registering a CAGR of 15.2% during 2022-2030.

Key players operating in the North America drone lithium battery market are LG Chem Ltd, Max Amps Ins, Eaglepicher technologies LLC, RRC Power Solutions GmbH, and Shenzhen Grepow Battery Co Ltd., among others.

• In September 2023, EaglePicher Technologies was selected by Saab AB to develop and manufacture lithium-ion main and emergency batteries used in E-series fighter aircraft. The new 24-volt, 36 amp-hour lithium-ion main and emergency batteries add robustness and improve redundancy on the Gripen E-series. The batteries power avionics and weapon systems to deliver enhanced, instantaneous power for engine start in austere and cold-weather operations.
  
  
• 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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