Technavio Announces the Publication of its Research Report Global Unmanned Aerial Vehicle (UAV) Battery Market 2016-2020
Technavio recognizes the following companies as the key players in the report global unmanned aerial vehicle (UAV) battery market: Ballard Power Systems Inc., Cella Energy, Denchi Power Ltd., Sion Power, and Tadiran Batteries GmbH
Commenting on the report, an analyst from Technavios team said that emergence of fuel cells is one the key trends. A small UAV needs a lightweight and a highly efficient engine with a power source that has a high energy density. As of 2015, the battery power used in many small electric UAVs can only power the flight for less than an hour. One major limitation that small electric-powered UAVs face is the rapidly diminishing battery life. However, increased spending on battery and power systems in the R&D sector is a positive trend.
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According to the report, growing demand for UAVs is one of the drivers promoting growth. Consumers have different reasons for opting for a travel iron. The UAVs are smaller in size and cost-effective, compared to their manned counterparts. They provide reliable, secure, and modernized digital communication through various systems that are equipped with them. These systems include navigation systems, sensors, engines, autopilots, and communication links. In addition, they feature on-board sensors like synthetic aperture radar (SAR), LASER light, inertial measurement unit (IMU), and GPS.
Further, the report states that constrained endurance and payload capacity of UAVs is one of the challenges that the market is facing. The use of UAVs (mainly the small electric-powered UAVs) for military ISR and commercial applications has largely increased in the last couple of years. However, limited flight endurance and payload capacity are one of the significant challenges for the UAVs. Typically, a fixed-wing UAV has a flight time of an hour, whereas a rotary-wing UAV has a flight time of half an hour, after which the UAV must be retrieved to recharge or to be replaced with a charged battery. Therefore, the flight endurance of these UAVs is directly affected by the limited on-board power capacity.
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.
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UAVs are prominently used for better cross-border surveillance to enhance military intelligence, communication, and border security. Of late, developed countries like the US and Japan are investing heavily in UAVs, which has brought down the number of human casualties (as compared to Afghanistan and Iraq wars, which caused over 6,800 US Army casualties) and has improved the input data significantly. Their increasing deployment has also propelled the global UAV battery market
Technavios analysts forecast the global unmanned aerial vehicle (UAV) battery market to grow at a CAGR of 10.16% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global unmanned aerial vehicle (UAV) battery market for 2016-2020. The report presents the market landscape and a corresponding detailed analysis of the five major vendors operating in the market.
The market is divided into the following segments based on geography:
Technavio’s report, Global UAV Battery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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