Drone Battery Market Worth $9.6 Billion by 2026, at a CAGR of 19.0%

Northbrook, IL -- (SBWIRE) -- 11/23/2021 -- According to a research report "Drone Battery Market by Technology (Lithium-based, Nickel-based, Fuel Cell), Component (Cell, BMS, Enclosure, Connector), Drone Type (Fixed-wing, Fixed-wing VTOL, Rotary-wing), Platform, Function, Point of Sale, Region - Global Forecast to 2026" published by MarketsandMarkets, The report on the drone battery market provides an analysis of the market from 2021 to 2026. It discusses industry and technology trends currently prevailing in the market, along with drivers, restraints, challenges, and opportunities that influence the growth of the market. The drone battery market is projected to grow from USD 4.0 billion in 2021 to USD 9.6 billion by 2026, at a CAGR of 19.0% from 2021 to 2026. The drone battery market in the North America and Asia Pacific regions are expected to witness the highest growth during the forecast period due to the increasing demand for drones and a rise in investments in drone technologies.