The analysts forecast global energy storage market for drones to grow at a CAGR of 11.56% during the period 2017-2021. One trend in the market is increasing strategic partnerships.
A drone is a complex assortment of hardware, software, and mechanics meant to work together.
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Several drone companies specialize in one aspect alone, which require interdisciplinary expertise. The huge potential drones hold in commercial applications has led to the formation of strategic partnerships and investment by vendors and technology providers alike to develop more capable devices.
Major key players in the global energy storage market for drones: Amperex Technology, Ballard Power Systems, DJI, Highpower International, Kokam, Grepow, H3 Dynamics, Intelligent Energy, Lumenier, MicroMultiCopter Aero Technology, Shenzhen Herewin Technology, Vcanz, and Vertical Partners West (Venom Group International).
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According to the energy storage market report, one driver in the market is growing commercial use. Applications of drones have expanded beyond the initial use in the military sector to commercial use in segments such as agriculture, construction, power and water utility, real estate, journalism, cinematography, transportation, and the energy sector, which includes the mining, oil and gas, and clean energy sectors.
Drones are being used in these segments for monitoring, mapping, surveying, and maintenance activities to increase productivity with greater efficiency than conventional methods.
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Further, the energy storage market report states that one challenge in the market is uncertain market conditions limiting market growth potential. With the rapid rise in demand for consumer drones in the historical period, the number of unregistered, unmonitored, and untraceable drones has increased.
The tracking of unregistered drones is difficult, which is a major concern for governments and the general masses. For instance, in 2015, an unregistered consumer drone crashed into the White House grounds.
In 2016, British Airways' international passenger carrier was reported to have apparently hit a flying drone while landing at the Heathrow International Airport, London, UK. Since then, stringent rules have been drawn, which makes it illegal to fly drones near the UK airport, and those found violating the rules can face up to five years in prison.
Complete report on energy storage market for drones spread across 92 pages, analyzing 13 major companies and providing 29 data exhibits now available at www.reportsnreports.com/reports/12…es-2017-2021.html.
Few Points from List of Exhibits:
Exhibit 1: Applications of Drones
Exhibit 2: Types of Drones By Size
Exhibit 3: Related Market
Exhibit 4: Global Drones Market
Exhibit 5: Market Characteristics
Exhibit 6: Market Segments
Exhibit 7: Market Definition - Inclusions and Exclusions Checklist
Exhibit 8: Market Size 2016
Exhibit 9: Validation Techniques Employed For Market Sizing 2016
Exhibit 10: Global Energy Storage Market For Drones Market Size and Forecast 2016-2021 ($ Millions)
Exhibit 11: Global Energy Storage Market For Drones Year-Over-Year Growth 2017-2021 (%)
Exhibit 12: Five Forces Analysis 2016
Exhibit 13: Five Forces Analysis 2021
Exhibit 14: Bargaining Power of Buyers
Exhibit 15: Bargaining Power of Suppliers
Exhibit 16: Threat of New Entrants
Exhibit 17: Threat of Substitutes
Exhibit 18: Threat of Rivalry
Exhibit 19: Market Condition - Five Forces
Exhibit 20: Product Market Share 2016-2021 (%)