Aug 17, 2017   SOURCE: BusinessWire

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

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.