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Drone Battery Market Share

Report ID: GMI10052
Published Date: Jul 2024
Report Format: PDF

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Drone Battery Market Share

DJI and LG Chem dominate the market with around 26% of the market share. Key players are driving growth in the drone battery industry by investing in advanced battery technologies, improving energy density, and enhancing battery life. They focus on research and development, partnerships, and strategic collaborations to stay competitive.

Additionally, these companies are expanding their production capacities and global reach, catering to diverse applications such as consumer, commercial, and military drones. Their efforts in sustainability and efficient battery solutions further contribute to market growth.

Drone Battery Market Companies

Major players operating in the drone battery industry are:

Amperex Technology Limited
Autel Robotics
DJI
LG Chem
MaxAmps
Panasonic
Parrot
Samsung SDI
Tadiran Batteries
Tattu (ShenZhen Grepow Battery Co., Ltd)

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

Industry size for drone battery was worth USD 6.8 billion in 2023 and will expand at 18% CAGR between 2024 and 2032, propelled by increasing adoption of drones across various sectors, such as agriculture, logistics, and surveillance, necessitating reliable and long-lasting power solutions.

The lithium-based batteries segment held 85% of the drone battery industry share in 2023, fueled by its superior energy density, lightweight properties, and longer lifespan compared to traditional battery chemistries.

North America industry accumulated 32% share in 2023, owing to the robust drone industry, significant investments in drone technology, and high adoption rates in commercial and military applications.

Key players operating in the industry are Amperex Technology Limited, Autel Robotics, DJI, LG Chem, MaxAmps, Panasonic, Parrot, Samsung SDI, Tadiran Batteries, and Tattu (ShenZhen Grepow Battery Co., Ltd), among others.