UAV Battery Market is estimated to be 3244.9 Million by 2029 with a CAGR of 12.4% during the forecasted period.
The market growth is credited to growing demand for long duration flight time, high performance, UAVs for military applications. The global UAV battery market accounted for US$ 1137.4 Million in 2020 and is estimated to be 3244.9 Million by 2029 and is anticipated to register a CAGR of 12.4%. The report. " Global UAV Battery Market, By Type (Medium Altitude Long Endurance, High Altitude Long Endurance, Tactical UAVs, and Small UAVs), By Battery Type (Fuel Cell, Lithium-Ion, Lithium Polymer, and Nickel Cadmium), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029” . Key Highlights: In February 2018, Sion Power, a global developer of lithium battery technology, declared the appointment of Dr. Jeff Britt as Vice President of operations. Britt’s duties will include overseeing the company’s and production easiness. In June 2019, OXIS Energy is setting up the first-ever manufacturing plant speci