Market Research Report
Asia-pacific Uav Battery Market Forecast 2022-2030
|Asia-pacific Uav Battery Market Forecast 2022-2030|
Published: August 1, 2022
Content info: 145 Pages
Delivery time: 2-3 business days
The Asia-Pacific UAV battery market is anticipated to surge with a 16.88% CAGR between the forecasted years 2022 and 2030. Growing demand for UAV applications, innovations in battery technology, and investments in research & development of UAVs drive the market growth.
The Asia-Pacific UAV battery market growth analysis includes the assessment of Vietnam, India, Thailand, Australia & New Zealand, China, South Korea, Japan, Indonesia, and Rest of World. South Korea is one of the prominent in the Asia-Pacific region, working toward developing UAVs. The country strongly focuses on major technological developments and security activities in the region. Various leading companies provide surveillance of South Korea's challenging geopolitical neighborhood, particularly of nuclear-armed North Korea. The country saw many innovations in the field of UAV systems, driving UAV battery market growth.
As of February 2020, President Joko Widodo of Indonesia has asked to produce drones or UAVs called Elang Hitam two years earlier than anticipated. The medium-altitude long-endurance UAV is set to be the first of its kind to be mass-produced locally. Also, the rising number of applications in the delivery, transport, logistics, healthcare, agriculture, construction, and investments for research and development is prompting market growth for UAV batteries.
On the other hand, drones are widely used in Thailand. Farmers have witnessed a growth in crop yields by saving time spraying and fertilizing crops using drones. Also, using UAVs in other sectors such as delivery, construction, and other commercial uses demands long-range and high-endurance batteries. This is expected to boost the market growth of the UAV battery in Thailand.
Some key market players include: Shenzhen Grepow Battery, Doosan, HES Energy Systems, etc.