PUBLISHER: Inkwood Research | PRODUCT CODE: 1108349
PUBLISHER: Inkwood Research | PRODUCT CODE: 1108349
The North America UAV battery market is anticipated to record a CAGR of 16.39% during the forecasted period of 2022 to 2030. The market growth of the region is facilitated by technological advancements as well as the presence of major players and intense competition among them.
The North America UAV battery market growth analysis encompasses the assessment of Canada and the United States. Canada is the second-largest player following the United States in the North America UAV market. The introduction of UAVs within the Canadian aeronautical landscape has delivered exceptional advantages to both operators as well as end-users, thus further prompting growth in adjacent markets such as UAV battery.
On the other hand, major companies operating in the country's market have adopted the strategy of contracts and partnerships for the development of long-lasting relationships with partners. This factor also plays a vital role in offering product enhancement as well as product differentiation. Moreover, the number of drones utilized for surveillance, monitoring, and training purposes has significantly increased in Canada over recent years, thus further fueling the demand for UAV batteries. As a result, these factors are set to propel the UAV battery market growth in North America over the estimated years.
The top firms operating in the market are: Sion Power, Plug Power, Eagle Picher Technologies, etc.