MRC Announces the Publication of its Research Report – Global Energy Storage Market for Drones 2017-2021
MRC recognizes the following companies as the key players in the global energy storage market for drones: Amperex Technology, Ballard Power Systems, DJI, Highpower International, and Kokam.
Other Prominent Vendors in the market are: Grepow, H3 Dynamics, Intelligent Energy, Lumenier, MicroMultiCopter Aero Technology, Shenzhen Herewin Technology, Vcanz, and Vertical Partners West (Venom Group International).
Commenting on the report, an analyst from MRC’s team said: “One trend in the market is increasing strategic partnerships. A drone is a complex assortment of hardware, software, and mechanics meant to work together. 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.”
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According to the 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.
Further, the 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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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