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Share this article Share this article ResearchAndMarkets.com s offering. Global Defense Battery Market accounted for USD 1.87 Billion in the year 2020 and it is anticipated to reach a value of around USD 3.36 Billion by the year 2029. The market growth dynamics account for a CAGR of around 6.47% With a combination of higher economies of scale and research and development, existing technologies, such as lithium-ion (Li-ion) batteries, have seen rapid performance and cost improvements. There are still unmet needs, however, to be fully addressed. It would be expected that next-generation technologies would deliver a step-change in the performance of key battery characteristics. In this area, much of the development is being driven by innovative start-ups, working both on the Li-ion market, such as on silica anodes, solid-state electrolytes, and advanced cathodes, and alternative technologies, such as flow and zinc-air batteries.

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