Global Military Battery Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Lead Acid Batteries, Lithium Batteries, Nickel Batteries, Thermal Batteries and Others.

By Material;

Aviation, Land, Marine and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn245494691 Published Date: March, 2024 Updated Date: April, 2024

Introduction

Global Military Battery Market (USD Million), 2020 - 2030

In the year 2023, the Global Military Battery Market was valued at USD 1,490.41 million. The size of this market is expected to increase to USD 2,069.36 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 4.8%.

Military batteries serve as essential energy storage devices powering a wide range of electronic equipment and naval vessels, including ships and marine vehicles. In the military and defense sector, batteries find diverse applications, supporting auxiliary power units, propulsion systems, communication systems, air defense missile systems, ground vehicles, and more. These batteries exhibit superior performance characteristics, such as extended range, enhanced durability, and reliable conductivity, compared to civilian batteries, making them indispensable for critical military operations and as backup power sources in contingency situations.

Advancements in battery technology, particularly in high-energy-density batteries like lithium-ion batteries, have revolutionized the landscape of electric aircraft within the military domain. These technological strides have addressed previous constraints, enabling extended flight durations, increased power output, and improved overall performance for electric aircraft. Consequently, defense entities are increasingly investing in military batteries with heightened energy density and power capacities, aligning with the operational requirements of electric aircraft and driving the evolution of battery technologies in the military sector towards greater efficiency and effectiveness.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Material
    3. Market Snapshot, By Region
  4. Global Military Battery Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rise of Advanced Weaponry and Electronics
        2. Increasing Focus on Mobility and Maneuverability
        3. Demand for Extended Operational Range and Endurance
        4. Stringent Military Specifications and Harsh Environments
        5. Growing Importance of Sustainability
      2. Restraints
        1. Regulations on Lithium Batteries
        2. Limited Range and Runtime
        3. Extreme Environmental Conditions
        4. Disposal and Environmental Impact
      3. Opportunities
        1. Powering the Battlefield
        2. Surge in Lithium-Ion Technology
        3. Integration with Emerging Technologies
        4. Focus on Sustainability and Logistics
        5. Ruggedization and Environmental Resilience
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Military Battery Market, By Type, 2022 - 2032 (USD Million)
      1. Lead Acid Batteries
      2. Lithium Batteries
      3. Nickel Batteries
      4. Thermal Batteries
      5. Others
    2. Global Military Battery Market, By Material, 2022 - 2032 (USD Million)
      1. Aviation
      2. Land
      3. Marine
      4. Others
    3. Global Military Battery Market, By Geography, 2022 - 2032 (USD Million)
      1. North America

        1. United States

        2. Canada

      2. Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Nordic

        7. Benelux

        8. Rest of Europe

      3. Asia Pacific

        1. Japan

        2. China

        3. India

        4. Australia & New Zealand

        5. South Korea

        6. ASEAN (Association of South East Asian Countries)

        7. Rest of Asia Pacific

      4. Middle East & Africa

        1. GCC

        2. Israel

        3. South Africa

        4. Rest of Middle East & Africa

      5. Latin America

        1. Brazil

        2. Mexico

        3. Argentina

        4. Rest of Latin America

  6. Competitive Landscape
    1. Company Profiles
      1. Arotech Corporation
      2. Bren-Tronics
      3. Eaglepicher
      4. Enersys
      5. Saft
      6. BST Systems, Inc.
      7. Cell-Con
      8. Concorde
      9. Denchi Power
      10. Kokam
  7. Analyst Views
  8. Future Outlook of the Market

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