Drone Charging Station Market Size

Drone Charging Station Market size is set to register remarkable growth rate during the forecast period i.e., between 2024-2036.  The growth of the market can be attributed to the increase in implementation of drone-based applications across the globe, and rapid rate of globalization leading to an increase in the number of companies and industries. The total shipments of internet of things (IoT) enterprise drones were more than 350,000 in the year 2019, increasing up to almost 520,000 drones by the end of 2020. By 2023, the number is estimated to reach a value of about 1.2 million. Along with these, growing adoption of the concept of wireless charging in the drone industry for promoting a level of autonomy in the drones is also expected to boost the growth of the market in the near future. Furthermore, companies are launching enhanced products, including the launch of charging stations with automatic, on-demand and programmed missions. This in turn is projected to offer lucrative opportunities for market growth in the near future.