Online Distribution Channels in UAV Battery Market Witness Significant Growth as Purchasing Drone Batteries Online Becomes Popular
Decrease in cost of batteries is expected to aid in growth of the UAV battery market. Over the last few years the prices of drone batteries have dropped dramatically. There used to be a time when only the military was buying them and they were very expensive. Now that all branches of the military, law enforcement agencies, media outlets, and even homeowners own UAVs (unmanned aerial vehicles) they are available at very reasonable rates. In January 2021, DJI announced to begin deployment of its Mavic 2 for commercial use in the first quarter of 2021. The Mavic 2 Enterprise Advanced is an upgraded version of DJI’s Mavic UAV.
Online distribution channel are witnessing significant growth in the UAV battery market. Purchasing UAV battery units online is becoming more popular simply because it is so convenient. You can shop from the comfort of your home or office and not have to leave your home or office to make the purchase.
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Development and launch of drone platforms is also expected to aid in growth of the UAV battery market. In January 2021, Skyfish, the U.S.-based drone company, launched their advanced autonomous work drone platform that includes work drones, Skyfish M4 and Skyfish M6, a long-lasting battery system, and a unique ruggedized remote controller. However, longer charging time and low flight time is expected to hinder growth of the market. It can take between 60 to 90 minutes to charge a commercial drone, with full charge giving a flight time of just over 30 minutes.
The UAV battery market is witnessing R&D of new drone batteries. In August 2019, researchers at UC Berkeley’s HiPeRLab reported development of swappable flying batteries for drones. The prototype created at UC Berkeley’s lab is powered by a 2.2 Ah lithium-polymer battery that can keep it aloft for about 12 minutes.
Launch of inspection drones s also expected to aid in growth of the UAV battery market. In January 2021, RIMS-BV, an approved supplier of UAV inspections in the maritime industry, announced Global Drone Inspection to focus on the drone and ROV element of the business. Players in market are focused on offering advanced batteries to enhance their market share. StoreDot, an Israeli drone start-up, offers ultra-fast charging (UFC) technology that can charge drone batteries in 5 minutes.
Frequently Asked Questions (FAQ) :
Is UAV Battery Market Booming In Near Future?
Yes, The global UAV Battery market was valued at US$ 1,165.8 Mn in 2020 and is expected to reach US$ 3,490.7 Mn by 2028 at a CAGR of 14.8 % between 2021 and 2028.
Which are the prominent UAV Battery market players across the globe? Can I Add Specific Company?
Yes, You can add Specific Company upto 3 Companies.
Companies Covered as part of this study include: Ballard Power Systems, Cella Energy Limited, Denchi Power Ltd., EaglePicher Technologies, H3 Dynamics, Kokam, OXIS Energy Ltd., Sion Power Corporation, and Tadiran Batteries,
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