
Asia Pacific Drone Lithium Battery Market
No. of Pages: 90 | Report Code: BMIRE00030352 | Category: Electronics and Semiconductor
No. of Pages: 90 | Report Code: BMIRE00030352 | Category: Electronics and Semiconductor
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; it is estimated to record a CAGR of 16.1% from 2022 to 2030. Growing Number of Drone Start-ups Boosts Asia Pacific Drone Lithium Battery Market
When drones were first introduced, they were strictly used for military purposes, such as training, target practices, air strikes, bomb detection, surveillance, and more. With technology advancements, drones are being adopted in several industries. Drones have now gained attention in construction, agriculture, mining, entertainment, photography, and other sectors, which have gained the attention of entrepreneurs to bring drone solutions into the market. Therefore, there is a rise in drone start-ups across various regions to meet the demand for drones. For instance, there was an increase of ~34% in the number of drone start-ups in India, with 220 drone start-ups between August 2021 and February 2022.
The rising use of drones across various industries and the growing number of competitors will encourage start-ups to come up with cost-efficient and better solutions. They 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 start-ups will create a lucrative opportunity for the drone lithium battery market.Asia Pacific Drone Lithium Battery Market Overview
The Asia Pacific drone lithium battery market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The market in this region is growing at a high pace, which can be attributed to a large number of drone battery manufacturers operating in China and India. A few of the Chinese and Indian companies offering lithium polymer batteries are URGENEX RC Hobby, CTECHi Technology Co Ltd, and Shenzhen Grepow Battery Co Ltd. URGENEX RC Hobby offers LiPo drone batteries with capacities ranging from 380 mAh to 3000 mAh. Government authorities in several countries are adopting drone technologies across diverse sectors for mapping and surveillance applications. In June 2022, the Department of Steel & Mines (DoSM) of Odisha, planned to utilize drones in mining operations to reinforce surveying, detect stockpiles, and read maps more effectively to maintain a safe and secure environment within mines. The DoSM seeks for using drones in mining operations. It invites interested agencies to submit their solutions for developing and implementing intelligent software platforms. Further, in September 2023, Panasonic Holdings (Japan) announced their plans to commence the sales of all-solid-state batteries for small drones and factory robots by 2029. Such initiatives by governments and market players support the growth of the Asia Pacific drone lithium battery market.
Asia Pacific Drone Lithium Battery Market Revenue and Forecast to 2030 (US$ Million)
Strategic insights for the Asia Pacific Drone Lithium Battery provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Asia Pacific Drone Lithium Battery refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.Asia Pacific Drone Lithium Battery Strategic Insights
Asia Pacific Drone Lithium Battery Report Scope
Report Attribute
Details
Market size in 2022
US$ 921.65 Million
Market Size by 2030
US$ 3,035.78 Million
Global CAGR (2022 - 2030)
16.1%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Battery Type
By Battery Capacity
By Drone MTOW
By Wing Type
By End Use
Regions and Countries Covered
Asia-Pacific
Market leaders and key company profiles
Asia Pacific Drone Lithium Battery Regional Insights
Asia Pacific Drone Lithium Battery Market Segmentation
The Asia Pacific drone lithium battery market is categorized into battery type, battery capacity, drone MTOW, wing type, end use, and country.
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 the largest market share in 2022.
In terms of battery capacity, the Asia Pacific drone lithium battery market is categorized into below 3,000 mAh, 3,000-5,000 mAh, and 3,000-5,000 mAh. The below 3,000 mAh segment held the largest market share in 2022.
By drone MTOW, the Asia Pacific drone lithium battery market is segmented into below 100 Kgs, 100 - 200 Kgs, and above 200 Kgs. The below 100 Kgs segment held the largest market share in 2022.
In terms of wing type, the Asia Pacific drone lithium battery market is bifurcated into fixed wing and rotary wing. The rotary wing segment held a larger market share in 2022.
Based on end use, the Asia Pacific drone lithium battery market is bifurcated into commercial and military. The military segment held a larger market share in 2022. Further, the military segment is sub segmented into ISR, warfare, and others.
By country, the Asia Pacific drone lithium battery market is segmented into the Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific drone lithium battery market share in 2022.
LG Chem Ltd, DNK Power Co Ltd, CTECHi Technology Co Ltd, RRC Power Solutions GmbH, and Shenzhen Grepow Battery Co Ltd are some of the leading companies operating in the Asia Pacific drone lithium battery market.
1. LG Chem Ltd
2. DNK Power Co Ltd
3. CTECHi Technology Co Ltd
4. RRC Power Solutions GmbH
5. Shenzhen Grepow Battery Co Ltd
The Asia Pacific Drone Lithium Battery Market is valued at US$ 921.65 Million in 2022, it is projected to reach US$ 3,035.78 Million by 2030.
As per our report Asia Pacific Drone Lithium Battery Market, the market size is valued at US$ 921.65 Million in 2022, projecting it to reach US$ 3,035.78 Million by 2030. This translates to a CAGR of approximately 16.1% during the forecast period.
The Asia Pacific Drone Lithium Battery Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Drone Lithium Battery Market report:
The Asia Pacific Drone Lithium Battery Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Drone Lithium Battery Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Drone Lithium Battery Market value chain can benefit from the information contained in a comprehensive market report.