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IoT Battery Market Size

  • Report ID: 6308
  • Published Date: Aug 08, 2024
  • Report Format: PDF, PPT

IoT Battery Market Size

IoT Battery Market size was over USD 9.5 billion in 2023 and is expected to exceed USD 25.9 billion by the end of 2036, witnessing over 10.1% CAGR during the forecast period i.e., between 2024-2036. In 2024, the industry size of IoT battery is assessed at USD 10.2 billion.

The demand for IoT devices in consumer electronics, home automation, and wearable devices, BFSI, aerospace & military, and healthcare is driving IoT battery market. Industry players are accelerating their product innovation to tap into opportunities in robotics, automotive solutions, manufacturing, and edge AI. Printed Energy collaborated with the IoT M2M Council (IMC) in March 2024 to launch integrated batteries for smart labels, RFID tags, wearable biosensors, and medical devices.

IoT Battery Market Overview
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Author Credits:  Abhishek Verma


  • Report ID: 6308
  • Published Date: Aug 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of IoT battery was valued at USD 9.5 billion.

The market size for IoT battery is expected to cross USD 25.9 billion by the end of 2036 expanding at a CAGR of 10.1% during the forecast period i.e., between 2024-2036.

The major players in the market are LG Chem Ltd, AFT Group, STMicroelectronics, Ultralife corporation, Cymbet Corporation, Enfucell, Rocket Electric Co. Ltd, Tadiran Batteries, Samsung SDI Co, and others.

The chemical battery segment is anticipated to garner a significant share during 2024-2036.

North America IoT battery sector is poised to hold 35.0% share by the end of 2036.
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