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Energy Storage Market for Unmanned Aerial Vehicles (UAVs) by Product and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 138
  • SKU: IRTNTR70320
Technavio

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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 market for unmanned aerial vehicles (UAVs) 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 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?

Download the Free Report Sample to Unlock the Energy Storage Market for Unmanned Aerial Vehicles (UAVs) Size for the Forecast Period and Other Important Statistics

 

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 is 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 is 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 energy storage 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 energy storage market for UAVs 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 market for drones.

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 energy storage 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 energy storage 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 market for unmanned aerial vehicles (UAVs) encompasses successful business strategies deployed by the key vendors. The energy storage 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 vehicle namely, Sparrowhawk, which is designed for the need of light weight and high power storage devices.
  • Doosan.com - The company offers energy storage for unmanned aerial vehicle 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 energy storage 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 market for unmanned aerial vehicles (UAVs), 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 the energy storage 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 market for unmanned aerial vehicles (UAVs) 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 energy storage market for unmanned aerial vehicles (UAVs) size and actionable market insights on post COVID-19 impact on each segment.

 

Energy Storage Market for Unmanned Aerial Vehicles (UAVs) Scope

Report Coverage

Details

Page number

120

Base year

2021

forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 17.97%

Market growth 2022-2026

$ 2.26 billion

Market structure

Fragmented

YoY growth (%)

13.54

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 41%

Key consumer countries

US, Israel, China, Russia, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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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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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 Battery - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Battery - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Battery - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Battery - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Battery - Year-over-year growth 2021-2026 (%)
    • 5.4 Fuel cell - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Fuel cell - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Fuel cell - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Fuel cell - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Fuel cell - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Product
      • Exhibit 36: Market opportunity by Product ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Russia - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Russia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Russia - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Russia - Year-over-year growth 2021-2026 (%)
    • 7.11 UK - Market size and forecast 2021-2026
      • Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.12 Israel - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Israel - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Israel - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Israel - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Israel - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Ballard Power Systems Inc.
              • Exhibit 89: Ballard Power Systems Inc. - Overview
              • Exhibit 90: Ballard Power Systems Inc. - Business segments
              • Exhibit 91: Ballard Power Systems Inc. - Key news
              • Exhibit 92: Ballard Power Systems Inc. - Key offerings
              • Exhibit 93: Ballard Power Systems Inc. - Segment focus
            • 10.4 Denchi Group Ltd.
              • Exhibit 94: Denchi Group Ltd. - Overview
              • Exhibit 95: Denchi Group Ltd. - Product / Service
              • Exhibit 96: Denchi Group Ltd. - Key offerings
            • 10.5 Doosan Corp.
              • Exhibit 97: Doosan Corp. - Overview
              • Exhibit 98: Doosan Corp. - Business segments
              • Exhibit 99: Doosan Corp. - Key news
              • Exhibit 100: Doosan Corp. - Key offerings
              • Exhibit 101: Doosan Corp. - Segment focus
            • 10.6 Highpower International Inc.
              • Exhibit 102: Highpower International Inc. - Overview
              • Exhibit 103: Highpower International Inc. - Product / Service
              • Exhibit 104: Highpower International Inc. - Key offerings
            • 10.7 Intelligent Energy Ltd.
              • Exhibit 105: Intelligent Energy Ltd. - Overview
              • Exhibit 106: Intelligent Energy Ltd. - Product / Service
              • Exhibit 107: Intelligent Energy Ltd. - Key offerings
            • 10.8 Kokam Co. Ltd.
              • Exhibit 108: Kokam Co. Ltd. - Overview
              • Exhibit 109: Kokam Co. Ltd. - Product / Service
              • Exhibit 110: Kokam Co. Ltd. - Key offerings
            • 10.9 Sion Power Corp.
              • Exhibit 111: Sion Power Corp. - Overview
              • Exhibit 112: Sion Power Corp. - Product / Service
              • Exhibit 113: Sion Power Corp. - Key offerings
            • 10.10 TDK Corp.
              • Exhibit 114: TDK Corp. - Overview
              • Exhibit 115: TDK Corp. - Business segments
              • Exhibit 116: TDK Corp. - Key news
              • Exhibit 117: TDK Corp. - Key offerings
              • Exhibit 118: TDK Corp. - Segment focus
            • 10.11 TotalEnergies SE
              • Exhibit 119: TotalEnergies SE - Overview
              • Exhibit 120: TotalEnergies SE - Business segments
              • Exhibit 121: TotalEnergies SE - Key news
              • Exhibit 122: TotalEnergies SE - Key offerings
              • Exhibit 123: TotalEnergies SE - Segment focus
            • 10.12 Veken Technology Co. Ltd.
              • Exhibit 124: Veken Technology Co. Ltd. - Overview
              • Exhibit 125: Veken Technology Co. Ltd. - Product / Service
              • Exhibit 126: Veken Technology Co. Ltd. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 127: Inclusions checklist
                • Exhibit 128: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 129: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 130: Research methodology
                • Exhibit 131: Validation techniques employed for market sizing
                • Exhibit 132: Information sources
              • 11.5 List of abbreviations
                • Exhibit 133: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The energy storage market for unmanned aerial vehicles (uavs) market growth will increase by $$ 2.26 bn during 2023-2026.
              The energy storage market for unmanned aerial vehicles (uavs) market is expected to grow at a CAGR of 17.97% during 2023-2026.
              Technavio has segmented the energy storage market for unmanned aerial vehicles (uavs) market by product (Battery and Fuel cell) ,geography (North America, Europe, APAC, Middle East and Africa, and South America) , and geographic (North America, Europe, APAC, MEA, and South America).
              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. are a few of the key vendors in the energy storage market for unmanned aerial vehicles (uavs) market.
              North America will register the highest growth rate of 41% among the other regions. Therefore, the energy storage market for unmanned aerial vehicles (uavs) market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the energy storage market for unmanned aerial vehicles (uavs) market growth are:
              • Growing affordability and popularity of UAVs among hobbyists
              • Use of artificial intelligence in autonomous UAVs
              The energy storage market for unmanned aerial vehicles (uavs) market vendors should focus on grabbing business opportunities from the battery segment as it accounted for the largest market share in the base year.
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