Global Drone Battery Market on Track to Triple Valuation by 2032
Monday, 1 April 2024, 13:30
Drone Battery Market Continues to Surge
The global drone battery market is booming, driven by advancements in lithium-based technologies, soaring adoption of drones, and a focus on enhanced flight performance.
Market Growth Projection
- Valuation: Set to increase from US$ 5.21 billion in 2023 to US$ 15.40 billion by 2032.
- CAGR: Expected to reach 12.80% during the forecast period of 2024–2032.
The industry's rapid growth is fueled by the need for improved flight times and payload capabilities, showcasing a shift towards Asia Pacific's dominance.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.