Global Energy Storage Market for Drones 2017-2021

Overview of the global energy storage market for drones

Drone manufacturers are extensively offering drones at various prices and are providing functionalities to improve photo and video capturing features. Technological advancements are boosting the popularity of drones and smartphones especially among millennials and outdoor enthusiasts. According to Technavio's market research study, the growing popularity and affordability of drones will be one of the primary factors fueling the growth of the energy storage market for drones in the coming years. Owing to rapid technological advancements and improvement in the economy, there will be a reduction in drone prices. This will increase their affordability to hobbyists and enthusiasts, driving the need for drone energy storage. Our market analysts estimate that the market will grow steadily at a CAGR of almost 12% by 2021.

According to our energy storage market analysis, the emergence of drones for delivery services will be one of the key trends that will gain traction in the market in the coming years. Since the utilization of drones helps in reducing costs and increasing productivity, they are increasingly used in several service sectors such as e-commerce and transportation for faster product delivery.  A major e-commerce player Amazon has started delivering products through its Prime Air services to customers within 30 mins using drones. Dubai has already planned to introduce autonomous drone taxi services, equipped with high battery capacity and capability to carry a passenger and small luggage. Steady investments in the R&D of battery technology and the emergence of new entrants into the market will result in the upgradation of battery and improvement in flight time, driving the market's growth prospects.

What's your takeaway?

Technavio's industry research report titled - Global Energy Storage Market for Drones will help you-

• Identify latent opportunities and explorative solutions in the energy storage market for drones
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, all permutations and combinations inclusive

Next step: Download FREE sample report | Talk to us

Competitive landscape and key vendors

The energy storage market for drones is highly fragmented due to the presence of several international and regional vendors. Owing to the intense competition and the preference of consumers towards extended flight time, the players in this market are focusing extensively on developing high energy density batteries and fuel cells. To attain a competitive advantage over the other players, these energy storage providers have the need to offer updated and innovative products

The leading vendors in the market are

• Amperex Technology
• Ballard Power Systems
• DJI
• Highpower International
• Kokam

The other prominent vendors in the market are Grepow, H3 Dynamics, Intelligent Energy, Lumenier, MicroMultiCopter Aero Technology, Shenzhen Herewin Technology, Vcanz, and Vertical Partners West (Venom Group International).

Segmentation by product and analysis of the energy storage market for drones

• Batteries
• Fuel cell

The drone battery market segment will account for the major share of the energy storage market for drones throughout the next few years. This is mainly due to the low cost and convenience offered by batteries over fuel cells. Advantages of these batteries including the ease of use, zero spillage, easy transportability, and easy replicability in case of the low charge, will further drive the growth of the energy storage market for drones in the drone battery market segment.

Geographical segmentation and analysis of the energy storage market for drones

• Americas
• APAC
• EMEA

The Americas will be the major revenue contributor to the energy storage market for drones due to the high-income potential and the early adoption of drones in the cinematography, telecom, power, and agricultural industries. The increasing popularity of drones for recreation and playing and the rise in the number of consumers preferring outdoor activities will further drive the growth of this market in the Americas.

Key questions answered in the report include

• What will the energy storage market size for drones and the growth rate be in 2021?
• What are the key factors driving the global energy storage market for drones?
• What are the key market trends impacting the growth of the global energy storage market for drones?
• What are the challenges to market growth?
• Who are the key vendors in the global energy storage market for drones?
• What are the market opportunities and threats faced by the vendors in the global energy storage market for drones?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global energy storage market for drones?

Technavio also offers customization on reports based on specific client requirement.

It has been observed that drones, also known as unmanned aerial vehicles (UAVs), are exponentially gaining popularity in several industries across the globe. With drones being equipped with better technologies like sensors and high precision cameras, it has become imperative for manufacturers to provide them with advanced energy storage capabilities. To gain a better understanding of this market, our market analysts are conducting an extensive analysis on the products and services offered by the players operating in this market space. Few of the vendors identified in this market are Kokam, Protonex, and Intelligent Energy. This market research report encompasses present and future market aspects like drivers, trends, and challenges and their impact on the market dynamics. Further, to deliver deep insight into the changing market scenario, market research analysts have bifurcated the global market into niche segments primarily based on product type and geography.   

Technavio's market analysis is based on information gathered from multiple channels like focus group discussions and online market surveys. This method helps us understand the market better, which in turn, directly contributes to the accurate prediction of the future markets. These drivers are derived from a comprehensive framework structured by our industry experts and is based on the data collected from channel partners, industry experts, and strategic decision makers. The report also takes into account the demand-supply ecosystem in several regions such as the Americas, APAC, and EMEA.

Apart from providing information on changing trends and prominent drivers, this report also provides intelligence that will help clients expand their market presence and increase revenue. Market experts have also considered the growth of similar markets, such as the global commercial drones market which is expected to grow at a CAGR of above 35%, to forecast the growth of the energy storage market for drones over the next few years.

Technavio also offers clients the advantage to customize every report to suit their specific requirements and offers attractive discounts on all forthcoming reports and future purchases.