Military Battery Market
PUBLISHED: 2024 ID: SMRC27399
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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

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4.7 (27 reviews)
Published: 2024 ID: SMRC27399

This report covers the impact of COVID-19 on this global market
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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


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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