UAV Battery Market Perspective 2021
The increasing usage of drones for goods delivery in the transportation and logistics industry is creating lucrative opportunities for existing as well as new players in the market. Moreover, key players in the market are also focused on developing drones with high flight time and payload capacity. For instance, in 2017, Airbus launched Skyways drone delivery services in Singapore for delivery of goods. Furthermore, the growing e-commerce sector worldwide and increasing adoption of drones & UAVs in the e-commerce industry is expected to propel demand for high payload capacity hybrid drones. This is expected to boost growth of the UAV battery market over the forecast period. Furthermore, in June 2019, Zomato, an India-based leading food delivery platform, verified food deliveries by using drone. In October 2019, the Directorate General of Civil Aviation accepted the application of Swiggy, Zomato, Dunzo, and Throttle Aerospace System for presenting their drone package delivery programs in India. According to DGCA, all these companies have received permission to provide delivery services in India by 2020. This, in turn, is expected to drive the market growth during the forecast period.
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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 a Specific Company?
Yes, 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,
What is the Research Methodology of UAV Battery Market?
- It provides first-hand information on the market dynamics, outlook, and growth parameters.
- Industry experts validate the estimates which help the company’s ongoing research study.
- It covers Primary research and secondary research with deep analysis.
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Which Geographic Segmentation Covered In The Market Report?
- North America
- Asia Pacific
- Latin America
- Middle East
Is Customization Available for This Report?
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