Earlier, drones had very limited applications. When drones were first introduced, they were strictly used for military purposes for training, target practices, air strikes, bomb detection, surveillance, and more. But with the adoption of technologies, the drones are used in several other industries that boosted its market. Drones are now used in construction, agriculture, mining, entertainment, photography, and other several sectors, which have gained the attention of entrepreneurs to bring drone solutions into the market and grow their businesses with the rising demand for drones. Therefore, there is a rise in drone start-ups across various regions. For instance, in June 2022, Money Control stated that there was an increase of ~34% in the number of drone start-ups in India, with 220 drone startups between August 2021 and February 2022. Rising use of drones across various industries and growing number of competitors will encourage startups to provide cost-efficient and better solutions to customers as a competitive advantage over each other. They will try to reach more industries and customers by increasing their production of drones that can be used across several industries. The production of drones is directly proportional to the production of drone batteries. Thus, the growing number of drone startups will create a lucrative opportunity for the drone battery market growth.
Based on country, the Asia Pacific drone battery market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Asia Pacific is one of the fastest-growing regions due to the presence of many drone battery manufacturers in China and India. Some Chinese and Indian companies providing lithium polymer batteries are URGENEX RC Hobby and Orange, among others. URGENEX RC Hobby provides LiPo drone batteries ranging from 380 mAh to 3000 mAh. The governments of various countries are adopting drone technology across various sectors for surveillance and mapping. For instance, in June 2022, the Department of Steel and Mines (DoSM) of Odisha, India, decided to use drones in mining operations to detect stockpiles, surveying, and maps better to maintain a safe and secure environment in the mining field.
The growing initiatives by governments and industry giants to boost drone technology in the region, coupled with the presence of several market players, supports the growth of the Asia Pacific drone battery market.
Asia Pacific Drone Battery Market Revenue and Forecast to 2028 (US$ Million)
The Asia Pacific drone battery market is segmented into drone type, battery type, battery capacity, industry, and country.
Based on drone type, Asia Pacific drone battery market is segmented into mini quad and micro quad. The mini quad segment held the largest market share in 2022.
Based on battery type, Asia Pacific drone battery market is segmented into below NiCad, NiMH, and LiPo. The LiPo segment held the largest market share in 2022.
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 the largest market share in 2022.
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 the largest market share in 2022.
Based on country, the Asia Pacific drone battery market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the market in 2022.
SZ DJI Technology Co; Drone SAS; Shenzhen Grepow Battery Co Ltd; Amperex Technology Ltd; Autel Robotics Co Ltd; and MicroMultiCopter Aero Technology Co Ltd are the leading companies operating in the Asia Pacific drone battery market.