Based on Technavio's market sizing methodology, the energy storage market share for unmanned aerial vehicles (UAVs) is predicted to surge by USD 2.26 billion from 2021 to 2026 at a CAGR of 17.97%%.

This energy storage for drones market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The energy storage market for unmanned aerial vehicles (UAVs) report also offers information on several market vendors, including Ballard Power Systems Inc., Denchi Group Ltd., Doosan Corp., EaglePicher Technologies LLC, H3 Dynamics Holdings Pte. Ltd., Highpower International Inc., Hylium Industries Inc., Intelligent Energy Ltd., Kokam Co. Ltd., Lumenier, MicroMultiCopter Aviation, Shenzhen Grepow Battery Co. Ltd., Sion Power Corp., TotalEnergies SE, Vcanz Co. Ltd., Veken Technology Co. Ltd., and TDK Corp. among others.

This report further entails the energy storage market for unmanned aerial vehicles (UAVs) segmentations, including:

• Product - Battery and Fuel cell
• Geography - North America, Europe, APAC, Middle East and Africa, and South America

What will the Energy Storage Market Size for Unmanned Aerial Vehicles (UAVs) be During the Forecast Period?

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Energy Storage Market for Unmanned Aerial Vehicles (UAVs): Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post-COVID-19 era. The growing affordability and popularity of UAVs among hobbyists are notably driving the energy storage market growth for unmanned aerial vehicles (UAVs), although factors such as SWaP and other network-based constraints may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the energy storage industry for unmanned aerial vehicles (UAVs). The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Energy Storage Market Driver for Unmanned Aerial Vehicles (UAVs)

• The growing affordability and popularity of UAVs among hobbyists are one of the key drivers fueling the energy storage market growth for drones.
• The rapid advances in technology and the economies of scale resulting from higher production have led to a decline in drone prices, making them accessible to hobbyists and enthusiasts.
• Numerous manufacturers sell drones that have identical functioning, leading to intense competition in the global UAV market, which, in turn, is driving down the cost of drones as manufacturers strive to maintain or increase their market shares.
• As of May 2019, China's Shenzhen Hubsan Technology Co. Ltd. was offering quadcopter UAVs for prices as low as $65 and $69. This decline in drone prices is encouraging more consumers to buy UAVs. Such an increase in demand will drive the growth of the market for drones during the forecast period.

Key Energy Storage Market Trend for Unmanned Aerial Vehicles (UAVs) 

• The use of artificial intelligence in autonomous UAVs is one of the key energy storage market trends for unmanned aerial vehicles (UAVs) supporting the market growth.
• The use of aerial artificial intelligence (AI) will enable the generation of loads of real-time data, which will open up new avenues for analyzing the captured data and studying complex physical structures or terrains.
• Due to the benefits of incorporating AI with UAVs, several companies have started offering the installation of AI software in drones.
• Nano-drones lack autonomous navigation capabilities as their computational power is constrained by their small form factor. However, the advent of AI is expected to overcome these limitations in the future. Therefore, the need to increase operational efficiency is leading to the introduction of AI in the global UAV market, which will lead to the growth of the global market during the forecast period.

Key Energy Storage Market Challenge for Unmanned Aerial Vehicles (UAVs)

• SWaP and other network-based constraints is one of the challenges limiting the energy storage market growth for drones.
• The need for smart sensors with increased /imagery capabilities is driving the payload capacity of UAVs.
• As each subsystem requires a certain amount of power to maintain its optimal performance. Hence, the integration of many payloads in a single UAV requires an uninterrupted supply of a large quantity of power.
• The restrictions on defense spending for technology development have forced many integrators to turn toward standards such as VPX for their payload designs.
• Small UAVs need to be outfitted with more mission autonomy for increased situational awareness. Thus, it is challenging for developers to integrate more sensor modules onboard a UAV system and still adhere to the SWaP footprint of current propulsion systems. This, in turn, is hampering the growth of the energy storage for drones market.

This energy storage market for unmanned aerial vehicles (UAVs) analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global market for unmanned aerial vehicles (UAVs) market as a part of the global renewable electricity market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market for unmanned aerial vehicles (UAVs) during the forecast period.

Who are the Major Energy Storage Market Vendors for Unmanned Aerial Vehicles (UAVs)?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Ballard Power Systems Inc.
• Denchi Group Ltd.
• Doosan Corp.
• EaglePicher Technologies LLC
• H3 Dynamics Holdings Pte. Ltd.
• Highpower International Inc.
• Hylium Industries Inc.
• Intelligent Energy Ltd.
• Kokam Co. Ltd.
• Lumenier
• MicroMultiCopter Aviation
• Shenzhen Grepow Battery Co. Ltd.
• Sion Power Corp.
• TotalEnergies SE
• Vcanz Co. Ltd.
• Veken Technology Co. Ltd.
• TDK Corp.

This statistical study of the energy storage for drones market encompasses successful business strategies deployed by the key vendors. The market for unmanned aerial vehicles (UAVs) is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Ballard.com - The company offers energy storage for unmanned aerial vehicles namely, BFD H2 multi-rotor UAV, powered by FCair 600 and FCair 1200 liquid-cooled fuel cell power systems, with built-in hybrid battery control and charging, and delivering 600 and 1200 watts of power, respectively.
• Denchigroup.com - The company offers energy storage for unmanned aerial vehicles namely, Sparrowhawk, which is designed for the need of lightweight and high-power storage devices.
• Doosan.com - The company offers energy storage for unmanned aerial vehicles namely, DP30 Powerpack, with 2 hours of flight time and less than 10 minutes of charging time.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The market for unmanned aerial vehicles (UAVs) forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Energy Storage Market for Unmanned Aerial Vehicles (UAVs) Value Chain Analysis

Our report provides extensive information on the value chain analysis for the energy storage for drones market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Energy Storage Market for Unmanned Aerial Vehicles (UAVs)?

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41% of the market's growth will originate from North America during the forecast period. The US is the key market for market for unmanned aerial vehicles (UAVs) in North America. Market growth in this region will be slower than the growth of the market in APAC.

Product innovation will facilitate the energy storage market for unmanned aerial vehicles (UAVs) growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, despite the challenges faced by several industries in the wake of the COVID-19 pandemic, the market for UAVs remained resilient. Moreover, several initiatives by the US government will contribute to the development of new UAVs, which will subsequently drive the growth of the market in focus in the region during the forecast period.

What are the Revenue-generating Product Segments in the Energy Storage Market for Unmanned Aerial Vehicles (UAVs)?

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The energy storage for drones market share growth by the battery segment will be significant during the forecast period. In a battery-based UAV, electric power is derived from stored energy. Parameters such as efficiency, lifespan, discharge rate, and charge density are critical in the selection of a battery. The adoption rate of lithium-ion (Li-ion) and lithium-polymer (LiPo) batteries has increased due to the high demand for UAVs. Many small UAVs utilize high-density Li-ion or LiPo batteries for power. Such increasing demand for batteries will drive the energy storage for drones market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the market for unmanned aerial vehicles (UAVs) size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Energy Storage Market for Unmanned Aerial Vehicles (UAVs) Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive energy storage market growth for unmanned aerial vehicles (UAVs) during the next five years
• Precise estimation of the energy storage market size for unmanned aerial vehicles (UAVs) and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the energy storage industry for unmanned aerial vehicles (UAVs) across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of energy storage market vendors for unmanned aerial vehicles (UAVs) 

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