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Global Energy Storage Market For Unmanned Aerial Vehicles (UAVs) 2019-2023 - Product Image

Global Energy Storage Market For Unmanned Aerial Vehicles (UAVs) 2019-2023

  • ID: 4774807
  • Report
  • Region: Global
  • 110 Pages
  • TechNavio
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FEATURED COMPANIES

  • Amperex Technology Ltd.
  • Intelligent Energy Ltd.
  • Kokam Co. Ltd.
  • Tadiran Batteries Ltd.
  • MORE
The growing affordability and popularity of UAVs among hobbyists is one of the critical factors that will trigger the growth of the global energy storage market for unmanned aerial vehicle (UAVs) market. The tremendous popularity that drones have gained among hobbyists has led to the sales of millions of drones. This growth in popularity can be attributed to the rise in the number of manufacturers and start-ups offering drones at various price points and provide functionalities, which mainly focus on entertainment and capturing photos/videos. The rapid advances in technology and the economies of scale resulting from higher production have led to a decline in drone prices, making them accessible to hobbyists and enthusiasts. This decline in drone prices is encouraging more consumers to buy UAVs. Consequently, the growing demand for UAVs will have a positive impact on the global energy storage market for UAVs, as it will increase the need for batteries/fuel cells that power the UAVs. Analysts have predicted that the energy storage market for unmanned aerial vehicle market will register a CAGR of almost 3% by 2023.

Market Overview

Development of alternative propulsion technologies for UAVs

UAV manufacturers have long been mulling over the adoption of alternative propulsion technologies for UAVs. With several vendors focusing on innovative technologies, the dependence of UAVs on batteries may decline significantly. Hydrogen fuel cells have emerged as a suitable replacement for Li-ion batteries in medium-sized to large-sized drones in recent years. The efficiency of fuel cells in terms of weight/power ratios is increasing rapidly. Hydrogen fuel cells offer compelling value for UAVs due to their improved reliability over small internal combustion engines, thus enhancing safety and ensuring low maintenance operations. Fuel cell-powered UAVs have a longer operational period than their battery-powered counterparts and at the same time, offer the same noise and thermal signature. Therefore, if fuel cell manufacturers continue to develop this technology at the current rate, it may lead to a wave of small UAV products with an entirely new set of capabilities in the future. Thus, the development of alternative propulsion technologies for UAVs will drive market growth.

High costs involved in R&D of UAV components

R&D costs continue to remain a significant challenge for UAV propulsion systems. Most UAVs are designed for specific applications, and thus, involve substantial development costs for each new propulsion technology. Existing technology can produce only miniature, low-performance, high-cost (per unit thrust) propulsion systems, which cannot be used to power large UAVs. Hence, the cost of new technology, especially new concepts such as fuel cells, is expected to be as high as that of a conventional aircraft, unless new ways for developing propulsion systems are not perfected. The high costs for R&D favor the adoption of existing traditional propulsion technologies in a budget-constrained, suboptimal manner, usually by sacrificing both performance and reliability. The high cost involved in the R&D of UAV components could potentially affect the technological advances in UAVs, thus hampering the growth of the global energy storage market for UAVs.

Competitive Landscape

The market appears to be moderately fragmented. The presence of several companies, including Amperex Technology Ltd. and Ballard Power Systems Inc. makes the competitive environment quite intense. Factors such as the growing affordability and popularity of UAVs among hobbyists and the development of alternative propulsion technologies for UAVs will provide significant growth opportunities to the energy storage market for unmanned aerial vehicle (UAVs) manufacturers. Intelligent Energy Ltd., Kokam Co. Ltd., and Tadiran Batteries Ltd. are some of the major companies covered in this report.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Amperex Technology Ltd.
  • Intelligent Energy Ltd.
  • Kokam Co. Ltd.
  • Tadiran Batteries Ltd.
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
  • Market segmentation by product
  • Comparison by product
  • Battery - Market size and forecast 2018-2023
  • Fuel cell - Market size and forecast 2018-2023
  • Market opportunity by product
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • Americas - Market size and forecast 2018-2023
  • EMEA - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Use of artificial intelligence in autonomous UAVs
  • Development of drone swarm technology
  • Increasing strategic partnerships
PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Amperex Technology Ltd.
  • Ballard Power Systems Inc.
  • Intelligent Energy Ltd.
  • Kokam Co. Ltd.
  • Tadiran Batteries Ltd.
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of vendor positioning
List of Exhibits:
Exhibit 01: Global unmanned aerial vehicle (UAV) market
Exhibit 02: Segments of global unmanned aerial vehicle (UAV) market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Product - Market share 2018-2023 (%)
Exhibit 18: Comparison by product
Exhibit 19: Battery - Market size and forecast 2018-2023 ($ millions)
Exhibit 20: Battery - Year-over-year growth 2019-2023 (%)
Exhibit 21: Fuel cell - Market size and forecast 2018-2023 ($ millions)
Exhibit 22: Fuel cell - Year-over-year growth 2019-2023 (%)
Exhibit 23: Market opportunity by product
Exhibit 24: Customer landscape
Exhibit 25: Market share by geography 2018-2023 (%)
Exhibit 26: Geographic comparison
Exhibit 27: Americas - Market size and forecast 2018-2023 ($ millions)
Exhibit 28: Americas - Year-over-year growth 2019-2023 (%)
Exhibit 29: EMEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 30: EMEA - Year-over-year growth 2019-2023 (%)
Exhibit 31: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 32: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 33: Key leading countries
Exhibit 34: Market opportunity
Exhibit 35: Impact of drivers and challenges
Exhibit 36: Vendor landscape
Exhibit 37: Landscape disruption
Exhibit 38: Vendors covered
Exhibit 39: Vendor classification
Exhibit 40: Market positioning of vendors
Exhibit 41: Amperex Technology Ltd. - Vendor overview
Exhibit 42: Amperex Technology Ltd. - Key offerings
Exhibit 43: Ballard Power Systems Inc. - Vendor overview
Exhibit 44: Ballard Power Systems Inc. - Business segments
Exhibit 45: Ballard Power Systems Inc. - Organizational developments
Exhibit 46: Ballard Power Systems Inc. - Geographic focus
Exhibit 47: Ballard Power Systems Inc. - Key offerings
Exhibit 48: Intelligent Energy Ltd. - Vendor overview
Exhibit 49: Intelligent Energy Ltd. - Organizational developments
Exhibit 50: Intelligent Energy Ltd. - Key offerings
Exhibit 51: Kokam Co. Ltd. - Vendor overview
Exhibit 52: Kokam Co. Ltd. - Organizational developments
Exhibit 53: Kokam Co. Ltd. - Key offerings
Exhibit 54: Tadiran Batteries Ltd. - Vendor overview
Exhibit 55: Tadiran Batteries Ltd. - Key offerings
Exhibit 56: Validation techniques employed for market sizing
Exhibit 57: Definition of vendor positioning
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Amperex Technology Ltd.
  • Intelligent Energy Ltd.
  • Kokam Co. Ltd.
  • Tadiran Batteries Ltd.
  • MORE
The following companies are recognised as the key players in the global energy storage market for unmanned aerial vehicle (UAVs) market: Amperex Technology Ltd., Ballard Power Systems Inc., Intelligent Energy Ltd., Kokam Co. Ltd., and Tadiran Batteries Ltd.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the development of drone swarm technology.”

According to the report, one of the major drivers in this market is the augmented application profile of UAVs.

Further, the report states that one of the major factors hindering the growth of this market is the non-uniformity in laws and regulations regarding the scope of UAV utilization.

The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Amperex Technology Ltd.
  • Ballard Power Systems Inc.
  • Intelligent Energy Ltd.
  • Kokam Co. Ltd.
  • Tadiran Batteries Ltd.
Note: Product cover images may vary from those shown
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