Europe Drone Lithium Battery Market
No. of Pages: 93 | Report Code: BMIRE00030398 | Category: Electronics and Semiconductor
No. of Pages: 93 | Report Code: BMIRE00030398 | Category: Electronics and Semiconductor
The Europe drone lithium battery market was valued at US$ 1,148.81 million in 2022 and is expected to reach US$ 3,630.29 million by 2030; it is estimated to record a CAGR of 15.5% from 2022 to 2030. Increase in Applications of Drones Across Different Industries Drives Europe Drone Lithium Battery Market
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.Europe Drone Lithium Battery Market Overview
The drone lithium battery market in Europe is segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe. With advancements in drone technologies, drone manufacturers in Europe are providing a wide range of models with various specifications, such as sizes and weights, for different applications. Along with the growth in the drone industry, micro quad and mini quad drones are transforming the traditional approach of drone surveillance of fields and land.
Major companies in the market in this region include Enix Power Solutions, Parrot Drone SAS, and RRC Power Solutions GmbH. They provide lithium batteries for drones used in commercial mining, agriculture, and photography applications. Further, drone lithium battery market players are taking various initiatives to strengthen their market positions. For instance, in March 2023, Montavista Energy Technologies Corporation (Montavista), an innovative lithium metal battery (LMB) technology company, launched a new LMB product line featuring high power and specific energy. In recent flight tests conducted by several drone developers, the commercial drones equipped with this new METARY P series product of Montavista have demonstrated ~60-80% longer flight time compared to other commercial lithium-ion batteries (LIB). Such product development initiatives are projected to propel the utilization of these batteries in drones, thereby bolstering the drone lithium battery market in Europe in the coming years.
In November 2022, the European Commission adopted the European Drone Strategy 2.0. The strategy aims to prompt the development of drones along with a safety framework for their operations to boost large-scale commercial drone production. Such initiatives by European governments to boost the drone industry are further expected to fuel the use of drone lithium batteries in the region in the coming years.
Europe Drone Lithium Battery Market Revenue and Forecast to 2030 (US$ Million)
Strategic insights for the Europe 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 Europe 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.
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Report Attribute
Details
Market size in 2022
US$ 1,148.81 Million
Market Size by 2030
US$ 3,630.29 Million
Global CAGR (2022 - 2030)
15.5%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Battery Type
By Battery Capacity
By Wing Type
By End Use
Regions and Countries Covered
Europe
Market leaders and key company profiles
Get more information on this report Europe Drone Lithium Battery Regional Insights
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Europe Drone Lithium Battery Market Segmentation
The Europe drone lithium battery market is categorized into battery type, battery capacity, drone MTOW, wing type, end use, and country.
Based on battery type, the Europe 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 Europe 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 Europe 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 Europe 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 Europe drone lithium battery market is bifurcated into commercial and military. The commercial segment held a larger market share in 2022. Further, the military segment is sub segmented into ISR, warfare, and others.
By country, the Europe drone lithium battery market is segmented into the Germany, the UK, France, Italy, Russia, and the Rest of Europe. Germany dominated the Europe drone lithium battery market share in 2022.
LG Chem Ltd, Parrot drone SAS, Upergy Ltd, RRC Power Solutions GmbH, and Shenzhen Grepow Battery Co Ltd are some of the leading companies operating in the Europe drone lithium battery market.
1. LG Chem Ltd
2. Parrot drone SAS
3. Upergy Ltd
4. RRC Power Solutions GmbH
5. Shenzhen Grepow Battery Co Ltd
6. Steatite Ltd
The Europe Drone Lithium Battery Market is valued at US$ 1,148.81 Million in 2022, it is projected to reach US$ 3,630.29 Million by 2030.
As per our report Europe Drone Lithium Battery Market, the market size is valued at US$ 1,148.81 Million in 2022, projecting it to reach US$ 3,630.29 Million by 2030. This translates to a CAGR of approximately 15.5% during the forecast period.
The Europe 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 Europe Drone Lithium Battery Market report:
The Europe Drone Lithium Battery Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Drone Lithium Battery Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Drone Lithium Battery Market value chain can benefit from the information contained in a comprehensive market report.
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