Market Research Report
China Uav Battery Market Forecast 2022-2028
|China Uav Battery Market Forecast 2022-2028|
Published: August 1, 2022
Content info: 115 Pages
Delivery time: 2-3 business days
The China UAV battery market is set to grow with a 16.83% CAGR during the estimated period, 2022-2028. High military & defense budgets, massive demand for unmanned aerial vehicles (UAVs), and upgraded military expenditure are expected to accelerate the market growth in the country.
Growing demand for UAVs has played a major role in driving the UAV battery market in China. UAV systems include engines, communication links, navigation systems, autopilots, and sensors. Moreover, they feature onboard sensors like LASER light, synthetic aperture radar (SAR), GPS, and inertial measurement unit (IMU). Using UAVs in business and civil apps have improved their usefulness and improved current techniques. UAVs are extensively going for better cross-border surveillance to enhance communication, military intelligence, and border security.
In the present scenario, China is focusing on expanding its surveillance capabilities & upgrading its military expenditure, whereas drones are considered most crucial considering security & surveillance, creating a huge demand for unmanned aerial vehicles (UAVs) in the country. This trend is further expected to boost demand for the UAV battery market to meet the needs of high-endurance level and long-range operations in the defense sector.
Some important market players include: Shenzhen Grepow Battery, Doosan, HES Energy Systems, BYD, etc.