Low-cost batteries are also used as a substitute battery for drone operations.
This restricts the customers to buy expensive battery solutions for their respective drone solutions. In addition, the introduction of large capacity batteries at a lower cost by local vendors across different regions is one of the major factors hindering the drone battery market growth. This factor also acts as another factor that propels the drone battery market growth. To overcome this challenge the end users also keep additional charged batteries for immediate replacement at the time of battery discharge. Several end users often face challenges in using the small sized drones with a limited operational time due to their battery operational limitations. Further, the demand for mini and micro drones is also propelled by the growth in demand from the end use industries. The rise in applications of drones across various industries is one of the major factors driving the drone battery market across the globe. In 2021, the agriculture & forestry segment led the market with largest drone battery market share. Based on industry, the market is segmented into agriculture & forestry, infrastructure inspection, utilities, construction, mining, and others. The below 3000 mAh segment contributed the largest revenue share in 2021. Based on battery capacity, the market is segmented into below 3,000 mAh, 3,000-5,000 mAh, 5,000-10,000 mAh, and above 10,000 mAh. The LiPo segment contributed the largest drone battery market share in 2021. Based on battery type, the market is segmented into NiCad, NiMH, and LiPo.
The mini quad segment held a larger revenue share in 2021. Based on drone type, the drone battery market is divided into mini quad and micro quad. The drone battery market analysis is segmented on the basis of drone type, battery type, battery capacity, and industry.
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