Military Battery Market
Military Battery Market Forecasts to 2030 - Global Analysis by Type (Rechargeable Batteries, Non-Rechargeable Batteries and Other Types), Platform, Composition, Voltage, Power Requirement, End User and By Geography
According to Stratistics MRC, the Global Military Battery Market is accounted for $1489.25 million in 2024 and is expected to reach $2125.72 million by 2030 growing at a CAGR of 6.11% during the forecast period. A military battery is a unit of artillery or missile launchers designed to support combat operations by delivering firepower. It typically consists of several artillery pieces, such as cannons, howitzers, or rocket systems, along with personnel, vehicles, and equipment for firing, targeting, and maintenance. Moreover, batteries are crucial for both offensive and defensive roles, providing long-range fire support, destroying enemy targets, and protecting friendly forces.
Market Dynamics:
Driver:
Growing demand for portable power solutions
The growing demand for lightweight, high-capacity batteries are essential for powering portable communication devices, surveillance equipment, and drones, enhancing operational effectiveness. The demand for a reliable and long-lasting power source grows as military activities change, spurring advancements in battery technology. Furthermore, the emphasis on energy independence and sustainability in defense operations encourages investment in advanced battery systems, contributing to the market's expansion and the growth of the market takes place.
Restraint:
Limited battery life and disposal issues
Limited battery life and disposal issues such as posing challenges to reliability and environmental sustainability, particularly traditional lead-acid types, have shorter lifespan and require frequent replacements, increasing operational costs and logistical complexities. Additionally, improper disposal of used batteries can lead to environmental contamination and regulatory concerns, creating barriers to compliance. The need for proper recycling and management of battery waste adds to the operational burden. These factors can deter investment in certain battery technologies, causing negative impact on overall market growth.
Opportunity:
Rising adoption of renewable energy sources
The rising adoption of renewable energy sources like solar, wind, and other renewable technologies, efficient battery systems are essential for storing energy for tactical applications, reducing reliance on conventional fuel sources. Advanced batteries, such as lithium-ion and flow batteries, are crucial for powering unmanned systems, forward operating bases, and electric vehicles. However, this transition enhances energy resilience and operational efficiency, driving growth in the market as armed forces prioritize sustainability and energy independence.
Threat:
Technological obsolescence
Technological obsolescence evolve rapidly, older systems may become inefficient or incompatible with new military applications, necessitating significant investments in research and development. Additionally, reliance on outdated battery technology can compromise mission effectiveness and operational readiness. This constant need for modernization creates budgetary pressures for military organizations, potentially diverting resources from other critical areas, ultimately slowing market growth and innovation in military battery solutions.
Covid-19 Impact
COVID-19 significantly impacted the military battery market by disrupting global supply chains, delaying production, and causing shortages of raw materials. Lockdowns and travel restrictions slowed down manufacturing, testing, and deployment of defense equipment. However, the long-term impact was minimal as defense budgets remained largely stable, with governments prioritizing military readiness. Demand for advanced battery technologies continued, particularly for unmanned systems, drones, and other remote operations, leading to a gradual recovery and a renewed focus on battery innovation post-pandemic.
The marine segment is expected to be the largest during the forecast period
The marine segment is predicted to secure the largest market share throughout the forecast period, due to durable power sources in naval operations. Military vessels require advanced battery systems for propulsion, weapon systems, and onboard electronics. The shift towards electric and hybrid naval technologies enhances the need for high-performance batteries, such as lithium-ion and lead-acid. Additionally, the growing focus on energy efficiency and reduced emissions in marine applications drives innovation and investment in military battery solutions, further expanding the market.
The navy segment is expected to have the highest CAGR during the forecast period
The navy segment is projected to witness substantial growth during the projection period, due to advanced battery technologies in naval vessels, submarines, and unmanned underwater vehicles. These applications require high-performance, durable batteries capable of withstanding harsh marine environments while providing reliable power for propulsion, communication. Increased investments in naval modernization, including the shift towards electric propulsion and hybrid systems, further enhance the need for efficient energy storage solutions. As navy expand their capability, the military battery market experiences substantial growth and innovation.
Region with largest share:
During the projected timeframe, the Asia Pacific region is expected to hold the largest market share due to modernization of military forces, and rising geopolitical tensions. Countries like China, India, Japan, and South Korea are investing in advanced technologies, including military batteries for applications in drones, communication systems, and electric vehicles. The demand for long-lasting, high-performance batteries is driving innovations, particularly in lithium-ion and other advanced battery technologies. Additionally, domestic battery production capabilities and government defense initiatives further support the market's expansion.
Region with highest CAGR:
Over the forecasted timeframe, the North America region is anticipated to exhibit the highest CAGR, owing to defense spending and advanced military capabilities. Key applications include powering communication devices, unmanned vehicles, and various defense systems. The U.S., with its high military budget, is the dominant player, focusing on modernizing its defense infrastructure, including battery technologies for drones, aircraft, and portable soldier systems. Growing investments in research and development, along with the increasing demand for efficient, long-lasting, and lightweight batteries, are key factors fuelling market growth in the region.
Key players in the market
Some of the key players profiled in the Military Battery Market include Arotech Corporation, BAE Systems, Bren-Tronics, Inc., BST Systems, Inc., BYD Company Ltd., Denchi Power Ltd., EaglePicher Technologies, EnerSys, Epsilor Electric Fuel Ltd., Exide Technologies, Grepow Inc., GS Yuasa Corporation, Kokam Co., Ltd., Lincad Ltd., Panasonic Corporation, Saft Groupe S.A., Tadiran Batteries, Teledyne Technologies, Tesla, Inc. and Ultralife Corporation
Key Developments:
In August 2024, Hitachi and Gencurix, have entered a strategic partnership in the field of cancer molecular diagnostics. The Partnership aims to develop a testing service for the cancer molecular diagnostics by combining Hitachi High-Tech's core expertise in R&D and manufacturing of in vitro diagnostic products and digital technology.
In August 2024, Hitachi and Singtel Expanded Collaboration to Next-Generation Data Centers and GPU Cloud to Accelerate Enterprise Digital Transformation by AI Adoption.
In May 2024, Panasonic launched new LUMIX S9 compact full-frame mirrorless camera. With this Panasonic aims to bring a new enjoyable shooting experience for creators, making the journey from capturing moments to sharing them with the world.
Types Covered:
• Rechargeable Batteries
• Non-Rechargeable Batteries
• Other Types
Platforms Covered:
• Ground
• Airborne
• Marine
• Other Platforms
Compositions Covered:
• Rotary Lithium-based
• Lead-acid
• Nickel-based
• Thermal
• Other Compositions
Voltages Covered:
• Less than 12V
• 12–24V
• More than 24V
Power Requirements Covered:
• Low Power (<12V)
• Medium Power (12-24V)
• High Power (>24V)
End Users Covered:
• Army
• Navy
• Air Force
• Homeland Security
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Military Battery Market, By Type
5.1 Introduction
5.2 Rechargeable Batteries
5.2.1 Lithium-Ion
5.2.2 Nickel Metal Hydride
5.2.3 Nickel Cadmium
5.3 Non-Rechargeable Batteries
5.3.1 Alkaline
5.3.2 Zinc-Carbon
5.4 Other Types
6 Global Military Battery Market, By Platform
6.1 Introduction
6.2 Ground
6.3 Airborne
6.4 Marine
6.5 Other Platforms
7 Global Military Battery Market, By Composition
7.1 Introduction
7.2 Rotary Lithium-based
7.3 Lead-acid
7.4 Nickel-based
7.5 Thermal
7.6 Other Compositions
8 Global Military Battery Market, By Voltage
8.1 Introduction
8.2 Less than 12V
8.3 12–24V
8.4 More than 24V
9 Global Military Battery Market, By Power Requirement
9.1 Introduction
9.2 Low Power (<12V)
9.3 Medium Power (12-24V)
9.4 High Power (>24V)
10 Global Military Battery Market, By End User
10.1 Introduction
10.2 Army
10.3 Navy
10.4 Air Force
10.5 Homeland Security
10.6 Other End Users
11 Global Military Battery Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Arotech Corporation
13.2 BAE Systems
13.3 Bren-Tronics, Inc.
13.4 BST Systems, Inc.
13.5 BYD Company Ltd.
13.6 Denchi Power Ltd.
13.7 EaglePicher Technologies
13.8 EnerSys
13.9 Epsilor Electric Fuel Ltd.
13.10 Exide Technologies
13.11 Grepow Inc.
13.12 GS Yuasa Corporation
13.13 Kokam Co., Ltd.
13.14 Lincad Ltd.
13.15 Panasonic Corporation
13.16 Saft Groupe S.A.
13.17 Tadiran Batteries
13.18 Teledyne Technologies
13.19 Tesla, Inc.
13.20 Ultralife Corporation
List of Tables
1 Global Military Battery Market Outlook, By Region (2022-2030) ($MN)
2 Global Military Battery Market Outlook, By Type (2022-2030) ($MN)
3 Global Military Battery Market Outlook, By Rechargeable Batteries (2022-2030) ($MN)
4 Global Military Battery Market Outlook, By Lithium-Ion (2022-2030) ($MN)
5 Global Military Battery Market Outlook, By Nickel Metal Hydride (2022-2030) ($MN)
6 Global Military Battery Market Outlook, By Nickel Cadmium (2022-2030) ($MN)
7 Global Military Battery Market Outlook, By Non-Rechargeable Batteries (2022-2030) ($MN)
8 Global Military Battery Market Outlook, By Alkaline (2022-2030) ($MN)
9 Global Military Battery Market Outlook, By Zinc-Carbon (2022-2030) ($MN)
10 Global Military Battery Market Outlook, By Other Types (2022-2030) ($MN)
11 Global Military Battery Market Outlook, By Platform (2022-2030) ($MN)
12 Global Military Battery Market Outlook, By Ground (2022-2030) ($MN)
13 Global Military Battery Market Outlook, By Airborne (2022-2030) ($MN)
14 Global Military Battery Market Outlook, By Marine (2022-2030) ($MN)
15 Global Military Battery Market Outlook, By Other Platforms (2022-2030) ($MN)
16 Global Military Battery Market Outlook, By Composition (2022-2030) ($MN)
17 Global Military Battery Market Outlook, By Rotary Lithium-based (2022-2030) ($MN)
18 Global Military Battery Market Outlook, By Lead-acid (2022-2030) ($MN)
19 Global Military Battery Market Outlook, By Nickel-based (2022-2030) ($MN)
20 Global Military Battery Market Outlook, By Thermal (2022-2030) ($MN)
21 Global Military Battery Market Outlook, By Other Compositions (2022-2030) ($MN)
22 Global Military Battery Market Outlook, By Voltage (2022-2030) ($MN)
23 Global Military Battery Market Outlook, By Less than 12V (2022-2030) ($MN)
24 Global Military Battery Market Outlook, By 12–24V (2022-2030) ($MN)
25 Global Military Battery Market Outlook, By More than 24V (2022-2030) ($MN)
26 Global Military Battery Market Outlook, By Power Requirement (2022-2030) ($MN)
27 Global Military Battery Market Outlook, By Low Power (<12V) (2022-2030) ($MN)
28 Global Military Battery Market Outlook, By Medium Power (12-24V) (2022-2030) ($MN)
29 Global Military Battery Market Outlook, By High Power (>24V) (2022-2030) ($MN)
30 Global Military Battery Market Outlook, By End User (2022-2030) ($MN)
31 Global Military Battery Market Outlook, By Army (2022-2030) ($MN)
32 Global Military Battery Market Outlook, By Navy (2022-2030) ($MN)
33 Global Military Battery Market Outlook, By Air Force (2022-2030) ($MN)
34 Global Military Battery Market Outlook, By Homeland Security (2022-2030) ($MN)
35 Global Military Battery Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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