Navigant Research Expects Global Advanced Battery Pack Revenue for Traction and Propulsion Energy in Drones to Reach $225 Million by 2026

Advanced battery chemistries experiencing price declines are
replacing traditional lead-acid batteries and nickel-metal hydride
chemistries in unmanned vehicles, report finds

BOULDER, Colo.–(BUSINESS WIRE)–#AdvancedBatteries–A new report from Navigant
Research focuses on the drivers, barriers, and technological trends
affecting the deployment of unmanned vehicles (UVs), providing global
market forecasts for energy capacity and revenue, segmented by region,
technology, and UV type, through 2026.

Intelligent UVs, also known as drones, can provide increased efficiency,
higher resolution visuals inspections, and can function in environments
that are physically unsuitable for human operators. Power requirements
and battery suitability must be given serious consideration in the
design of the UVs, and advanced batteries are expected to play a key
role in the further proliferation of unmanned aerial vehicles (UAVs),
unmanned ground vehicles (UGVs), and unmanned underwater vehicles
(UUVs). Click
to tweet: According to a new report from @NavigantRSRCH,
global advanced battery energy capacity and pack revenue for traction
and propulsion energy in UVs are expected to reach 727.9 MWh and $224.9
million by 2026.

“The provision of technology options that are quicker, easier, safer,
and less costly is considered high priority for stakeholders that
utilize UVs in day-to-day operations,” says Ian McClenny, research
analyst with Navigant Research. “Advanced battery chemistries like
lithium ion (Li-ion) have seen recent price declines and, consequently,
are increasingly being used in UVs.”

While the power requirements for commercial UVs can be moderate,
according to the report, they are strictly dependent on the vehicle
carriage weight, distance traveled, and sensor/data collection
requirements. Traditionally, power options have been limited to
lead-acid batteries and nickel-metal hydride (NiMH) because of their
mature supply chains and (in some cases) silver-zinc because of its
robust architecture.

The report, Advanced
Batteries for Unmanned Vehicles, focuses on the drivers,
barriers, and technological trends affecting the deployment of UVs. The
study provides an analysis of the market issues associated with UAVs for
wind turbine inspection, UGVs for the materials handling sector, and
UUVs for energy resource exploration. Global market forecasts for energy
capacity and revenue, segmented by region, technology, and UV type,
extend through 2026. The report also examines the key design issues and
battery technologies and requirements related to UAVs, UGVs, and UUVs.
An Executive Summary of the report is available for free download on the Navigant
Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report, Advanced Batteries for Unmanned Vehicles, is a summary
and reflects Navigant Research’s current expectations based on market
data and trend analysis. Market predictions and expectations are
inherently uncertain and actual results may differ materially from those
contained in this press release or the report. Please refer to the full
report for a complete understanding of the assumptions underlying the
report’s conclusions and the methodologies used to create the report.
Neither Navigant Research nor Navigant undertakes any obligation to
update any of the information contained in this press release or the
report.

Contacts

Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
[email protected]