The global energy storage market for unmanned aerial vehicles (UAVs) is
expected to post a CAGR of more than 19% during the period 2019-2023,
according to the latest market research report by Technavio.
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Technavio has published a new market research report on the global energy storage market for unmanned aerial vehicles (UAVs) from 2019-2023. (Graphic: Business Wire)
A key factor driving the growth of the global energy storage market for
unmanned aerial vehicles (UAVs) is the augmented application profile of
UAVs. UAVs are gaining acceptance in various applications such as
providing Internet in remote places, aerial photography and video
recording, surveying and documenting wildlife, and public service
missions. This is encouraging UAV manufacturers to offer UAVs that can
be used in numerous commercial applications. Besides the commercial
segment, UAVs are also gaining adoption in the industrial sector. Mining
is one of the new industrial segments, where UAVs perform several tasks.
Thus, the ongoing developments in the use of UAVs are driving their
adoption, resulting in higher demand for advanced UAV batteries.
As per Technavio, the use of artificial intelligence in autonomous UAVs
will have a positive impact on the market and contribute to its growth
significantly over the forecast period. This global
energy storage market for unmanned aerial vehicles (UAVs) 2019-2023
research report also analyzes other important trends and market
drivers that will affect market growth over 2019-2023.
Global energy storage market for unmanned
aerial vehicles (UAVs): Use of artificial intelligence in autonomous UAVs
Drones have become an integral part of numerous industries within a
short period. They are being deployed for security monitoring, safety
inspections, border surveillance, and storm tracking. Moreover, the
next-generation of drones are expected to be equipped with artificial
intelligence (AI). The use of aerial AI will allow the generation of
huge volumes of real-time data, which will open new avenues for
analyzing captured data and studying complex physical structures and
terrains. Such benefits of integrating AI with UAV are encouraging
several companies to offer the installation of AI software in drones.
This will increase the adoption of UAVs, which will eventually increase
the demand for advanced batteries for UAV.
“Apart from the growing use of artificial intelligence (AI) in
autonomous UAVs, other factors such as the development of drone swarm
technology, and increasing strategic partnerships among vendors will
have a positive impact on the growth of the energy storage market for
unmanned aerial vehicles (UAVs) during the forecast period,” says a
senior research analyst at Technavio.
Global energy storage market for unmanned
aerial vehicles (UAVs): Segmentation analysis
This market research report segments the global energy storage market
for unmanned aerial vehicles (UAVs) by product (battery, and fuel cell),
and geographic regions (the Americas, EMEA, and APAC).
The Americas region led the energy storage market for unmanned aerial
vehicles (UAVs) in 2018, followed by EMEA, and APAC, respectively. The
expansion of the application portfolio of UAVs and the development of
alternative propulsion technologies to increase the performance of UAVs
will lead to an increase in the demand for ESS for UAVs, which will
drive the growth of the market in the Americas during the forecast
period.
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Market Landscape
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Market Sizing
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- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
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Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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