Research Nester released a report titled “Drone Battery Market: Global Demand Analysis Opportunity Outlook 2029″which delivers a detailed overview of the global drone battery market in terms of market segmentation by type, end-user, and region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion on current and future market trends that are associated with the growth of the market.
The drone battery market is projected to grow with a moderate CAGR during the forecast period, i.e., 2021-2029 on account of the increasing amount of air pollution regulations along with the application of drone batteries.
The United States Environmental Protection Agency has developed the National Ambient Air Quality Standards (NAAQS) set attainment thresholds for sulfur dioxide, particulate matter (PM10 and PM2.5), carbon monoxide, ozone, nitrogen oxides NOx, and lead (Pb) in outdoor air throughout the United States.
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On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East Africa, out of which, the drone battery market in the Asia Pacific is projected to grow at the highest CAGR throughout the forecast period. Currently, the market in North America holds the largest share. This can be attributed to the presence of stringent and well-established laws and regulations by the U.S. EPA (Environmental Protection Agency) and Canada’s CEAA (Canadian Environmental Assessment Agency).
The health and environmental risks posed by poor air quality have led to a rise in regulations for the reduction of air pollution by governments and regulatory bodies globally. The PM2.5 and PM10 are supposed to be the most dangerous air pollutants to human life and pose a serious threat of diseases such as stroke, heart disease, lung cancer, chronic obstructive pulmonary diseases and respiratory infections among humans, which is expected to boost the market growth in upcoming years. However, the high costs of maintenance and the presence of cheap alternatives are some of the factors that are estimated to restrain market growth in the near future.
This report also provides the existing competitive scenario of some of the key players of the global drone battery market which includes company profiling of Ballard Power Systems Inc., Parrot Drone SAS., SKYDIO, INC., Autel Robotics, Genspow GmbH, H3 Dynamics, Yuneec Holding Ltd. Company, OXIS Energy Ltd. and others.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts a detailed overview of the global drone battery market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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Research Nester
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