USD 1.6 billion
Military Battery Market Size, Share, Growth Analysis, By Platform(Ground, Airborne, Marine), By Type(Non-rechargeable, Rechargeable, Propulsion, Non-propulsion), By Composition(Rotary Lithium-based, Lead-acid, Nickel-based, Thermal), By Installation(OEM, Aftermarket), By Voltage(Less than 12V, 12–24V, and more than 24V), By Power Density(Less than 100 Wh/Kg, 100–200 Wh/Kg, and More than 200 Wh/Kg), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20A2231 |
Region:
Global |
Published Date: October, 2024
Pages:
202
|Tables:
66
|Figures:
77
Military Battery Market Insights
Global Military Battery Market size was valued at around USD 1.4 billion in 2022 and is expected to rise from USD 1.46 billion in 2023 to reach a value of USD 2 billion by 2031, at a CAGR of 16.1% over the forecast period (2024–2031).
A military battery assists as an energy storage device crucial for powering a wide array of military electronic equipment, as well as naval vessels such as ships and marines. In the military and defense sector, batteries find versatile applications, surrounding auxiliary power units, air defense missile systems, ignition systems, propulsion systems, communication systems, underwater robots, unmanned investigation aircraft, ground vehicles, land war fighter systems and more.
Particularly, military batteries display superior performance characteristics, including extended range, improved durability, and discriminating conductivity, when compared to civilian batteries. Moreover, these batteries play a crucial role as backup power sources in backup situations where predictable electricity sources may fail.
The progress in battery technology has played a vital role in the appearance of electric aircraft within the military domain. Continuing advancements in high-energy-density batteries, chiefly lithium-ion batteries, have allowed extended flight durations, elevated power output, and improved complete routine for electric aircraft.
These technological strides have positively addressed previous restraints, making electric aircraft more possible for military applications. Consequently, defense objects are increasingly assigning investments toward military batteries containing heightened energy density and power capacities, positioning with the operational needs of electric aircraft.
Predictable to dominate lead acid battery applications in areas similar to electric vehicles, plug-in electric vehicles, storage, and automobiles, lithium-ion batteries are poised to capture a mainstream market share by 2024. The surge in demand for portable electronics, surrounding tablets, smartphones, LCDs and wearable devices, serves as a driving force for the growth of the battery market.
Particularly, the market is foreseeable to experience substantial expansion due to technological progressions, marked by product innovations, heightened efficiency, and enlarged cost-effectiveness.
Market Snapshot - 2024–2031
Global Market Size
Largest Segment
Lithium Battery
Fastest Growth
Lithium Battery
Growth Rate
6.24% CAGR
Global Military Battery Market ($ Bn)
Country Share for North America Region (%)
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Military Battery Market Segmental Analysis
Global Military Battery Market is segmented by Platform, Composition, Type, Installation, Application, Voltage, Power Density, and region. Based on Platform, the market is segmented into Ground (Armored Vehicles, Operating Bases, Soldiers), Airborne (Fighter Aircraft, Special Mission Aircraft, Transport Aircraft, Military Helicopters), and Marine (Destroyers, Frigates, Amphibious Ships, Submarines, Offshore Patrol Vessels, Corvettes). Based on Type, the market is segmented into Non-rechargeable (Reserve, Primary), Rechargeable. Based on Application, the market is segmented into Propulsion, and Non-propulsion. Based on Composition, the market is segmented into Rotary Lithium-based (Lithium Nickel Manganese Cobalt Oxide (LI-NMC), Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO), Lithium Titanate Oxide (LTO), Lithium Manganese Oxide (LMO), Lithium Nickel Cobalt Aluminum Oxide (NCA)), Lead-acid, Nickel-based, Thermal, and Others. Based on Installation the market is segmented into OEM, Aftermarket. Based on Voltage, the market is segmented into Less than 12V, 12–24V, and more than 24V. Based on Power density, the market is segmented into Less than 100 Wh/Kg, 100–200 Wh/Kg, and More than 200 Wh/Kg. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis By Product
The lithium-ion segment appropriated the lead in the market, contributing to 40.77% of the global revenue share in 2022, primarily attributed to its significant presence in the e-mobility sector. The dominance of lithium-ion battery solutions is expected to be further propelled by the continuous growth of the electric vehicle (EV) industry in the forthcoming years.
In 2022, lead-acid batteries held the second-largest share in the global battery market concerning revenue. The rising demand for rechargeable batteries, particularly starting, lighting, and ignition (SLI) batteries, within the automotive sector is poised to bolster market growth during the forecast period.
Analysis By End Use
In 2022, the automotive sector took the lead in the global market, commanding a market share of 32.37%. The increasing awareness of the advantages offered by battery-operated vehicles, particularly in regions like Asia Pacific, Europe, and North America, is anticipated to be a significant driver for the growth of lithium-ion batteries within the automotive end-use segment throughout the forecast period.
The electronics segment secured the second-largest position, driven by its widespread applications in portable consumer electronic devices. This includes mobile phones, laptops, computers, tablets, torches or flashlights, LED lights, vacuum cleaners, digital cameras, wristwatches, calculators, and hearing aids.
Global Military Battery Market By Product Type
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Military Battery Market Regional Insights
During the forecast period, North America emerged as the dominant regional market for batteries. The North American construction industry is poised for substantial growth, driven by the increasing demand for non-residential infrastructure in the years to come. The battery market in the region is expected to experience expansion, propelled by a rise in investments in eco-innovations, encompassing electric bikes, cranes, and forklifts.
In 2022, Asia Pacific secured its position as the growing force in the global market, accounting for a substantial revenue share exceeding 55.67%. The commercial, residential, and grid storage segments are projected to witness notable growth, driven by factors such as industrialization, urbanization, increased disposable income in developing countries, and favorable regulations aimed at attracting investments to the region.
Global Military Battery Market By Region
- Largest
- Fastest
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Military Battery Market Dynamics
Drivers
Growing Demand for Portable Power
- The market is grieving a surge in growth due to the increasing demand for portable power solutions within the defense sector. As modern military operations progressively rely on an assembly of electronic devices and equipment, the need for reliable and efficient portable power sources has become supreme. Military batteries play a crucial role in driving a wide array of applications, including GPS units, communication systems, night vision devices, portable medical devices and unmanned aerial vehicles used in field operations. The growing trend towards the digitization and electrification of military systems has strengthened the demand for advanced and lightweight batteries capable of carrying sustained power in challenging operational environments. Moreover, the stress on enhancing the mobility and agility of military forces further underscores the rank of compact and high-performance batteries.
Growing Adoption of Unmanned Systems
- Unmanned systems, ranging from aerial drones to ground-based robots, have become essential components of modern military strategies. These unmanned platforms rely heavily on advanced battery technologies to power their electronic systems and ensure sustained operational capabilities. The growing need for surveillance, investigation, and strategic intelligence in military missions has led to an increased reliance on unmanned aerial vehicles and unmanned ground vehicles. These unmanned systems demand reliable and high-performance military batteries to support their extended operational range and mission durations. As defense forces worldwide continue to invest in and organize unmanned systems for various applications, the military battery market is experiencing a surge in demand for advanced and robust power solutions to meet the developing requirements of modern warfare.
Restraints
Environmental concerns and regulations
- The stringent regulatory landscape underlines the authority for eco-friendly and sustainable battery solutions, encouraging military organizations to invest in technologies that minimize environmental impact. As anxieties over the disposal and management of hazardous materials from traditional batteries intensify, there is a growing stress on developing military batteries with reduced ecological footprints. Stringent regulations also drive innovation towards more energy-efficient and recyclable battery technologies, positioning with global efforts to moderate the environmental impact of military operations.
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Military Battery Market Competitive Landscape
The market exhibitions a moderate level of merging, with a handful of major players imposing a significant share of the revenue. These key industry participants are advantageously intent on the introduction of innovative products to support their market positioning. Additionally, their focus extends to performing strategic initiatives, including partnerships, product launches, and collaborations, enhancing their overall market presence.
Top Player’s Company Profiles
- EnerSys
- BAE Systems PLC
- GS Yuasa International Ltd
- Total Energies
- Exide Technologies
- Ultralife Corporation
- Arotech Corporation
- Bren-Tronics
- EaglePicher Technologies
- BST Systems, Inc.
- Concorde
- Lincad
- Korea Special Battery Co., Ltd.
- Ecobat Battery Technologies
- Denchi Power
- Kokam
- Mathew Associates
- Navitas Systems
- Teledyne Technologies
- Cell-Con
- Leclanché SA
- Sterling PlanB Energy Solutions
- Sion Power
- Lifeline Batteries
Recent Developments
- In April 2023, BAE Systems and Heart Aerospace, a Swedish electric aircraft manufacturer, joined forces to outline the battery system specifications for Heart's ES-30 regional electric airplane. This groundbreaking battery system is set to become the inaugural of its kind to be seamlessly integrated into an electric conventional takeoff and landing (eVTOL) regional aircraft. This integration will enable the aircraft to operate with optimal efficiency, boasting zero emissions and minimal noise.
- In March 2022, Epsilor, a leading developer of mobile energy products for aerospace and defense applications, introduced a Li-Ion NATO 6T battery at Eurosatory 2022 that complies with the safety requirements of the United States Army. Featuring a smart battery management system (BMS), this newly unveiled battery is well-suited for deployment in autonomous ground vehicles (AGV) and military armored vehicles, thanks to its elevated energy density.
- In January 2022, C&L Aerospace entered into a distribution agreement with Concorde for the distribution of sealed lead-acid (SLA) batteries designed for ERJ 135/145 aircraft.
Military Battery Key Market Trends
Rise of Wearable Technologies
- The rise of vesture technologies has become a transformative factor, redesigning the landscape of modern warfare. Wearable devices, ranging from smart helmets and augmented reality headsets to health monitoring systems, have become integral components of military operations, pretty soldier capabilities and situational awareness. The swelling adoption of these wearable technologies necessitates advanced, lightweight, and high-performance batteries to power these devices seamlessly during mission-critical tasks. Military personnel now exploit wearables for communication, navigation, real-time data analysis, and health monitoring, among other applications.
Military Battery Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analyses, the military battery market is experiencing significant growth driven by the increasing demand for advanced energy storage solutions in defense applications. With a focus on enhancing the operational capabilities of military equipment, there is a rising need for reliable and high-performance batteries across various platforms such as ground vehicles, aircraft, naval vessels, and communication systems. Technological advancements in battery technologies, including lithium-ion and other advanced chemistries, are playing a crucial role in meeting the energy requirements of modern military operations. Additionally, the growing emphasis on electrification and the integration of renewable energy sources in defense systems further propel the market. The military battery market is characterized by ongoing research and development activities, strategic collaborations, and a shift towards more environmentally sustainable and efficient power sources, reflecting the evolving landscape of defense technologies. As military organizations worldwide continue to modernize their capabilities, the demand for innovative and ruggedized batteries is anticipated to remain robust in the foreseeable future.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.4 billion |
| Market size value in 2031 | USD 2 billion |
| Growth Rate | 16.1% |
| Base year | 2023 |
| Forecast period | 2024–2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Military Battery Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Military Battery Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Military Battery Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Military Battery Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Military Battery Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Military Battery Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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