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Global Military Battery Market Size, Share, Growth, Forecast: By Type: Rechargeable, Non-Rechargeable; By Composition: Lithium Based, Lead Acid Based, Nickel Based, Others; By Platform: Air, Ground, Marine; By Voltage: Less than 12V, 12 to 24V, More than 24V; By Application; Regional Analysis; Market Dynamics; Competitive Landscape; 2023-2028
Global Military Battery Market Outlook
The global military battery market size reached nearly USD 1.87 billion in 2022. The market is projected to grow at a CAGR of 4.8% between 2023 and 2028 to reach a value of around USD 2.48 billion by 2028.
Key Trends in the Market
A military battery refers to a power storage device which is used to provide energy to various military equipment, devices, and gadgets. Military batteries play indispensable roles in the military sector to power crucial vehicles, such as ships and aircraft.
- The increasing application of military batteries in onboard aircraft to facilitate various operations such as engine cracking, auxiliary starting, and flight control back-up, among others, is driving the military battery market growth.
- Advancements in military technologies, coupled with the utilisation of smart devices across military units, are further propelling the demand for military batteries. Additionally, the growing research and development activities aimed towards producing high-end light combat aircraft are expected to be crucial military battery market trends.
- Over the forecast period, surging geopolitical tensions and increasing investments by governments to augment their military infrastructure are likely to fuel the demand for battery-operated military components.
Market Analysis
Based on type, the market is segmented into rechargeable and non-rechargeable. On the basis of composition, the market is classified into lithium based, lead acid based, and nickel based, among others. By platform, the market is segmented into air, ground, and marine. By voltage, the market is categorised into less than 12V, 12 to 24V, and more than 24V.
On the basis of application, the military battery market segmentations include communication and navigation systems, fire control systems and ammunition, thermal imaging and surveillance, and propulsion systems, among others. The major regional markets for military battery include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global military battery market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- EnerSys
- Exide Technologies, LLC
- Lincad Limited
- EaglePicher Technologies, LLC
- Denchi Group Limited
- Bren-Tronics, Inc.
- Saft Group SA
- Cell-Con, Inc.
- Ultralife Corporation
- Teledyne Technologies Incorporated
- Others
Market Share by Type
Non-rechargeable batteries account for a significant portion of the military battery market share. Non-rechargeable batteries can meet power requirements during critical military situations when facilities like charging sources are not available.
Additionally, some of the notable advantages offered by non-rechargeable military batteries are their grab-and-go convenience, easy identification, low cost, and high shelf-life.
Market Share by Region
As per the military battery market analysis, Europe is poised to grow at a steady rate in the forecast period, owing to the well-established battery manufacturing units in countries such as the United Kingdom, Germany, and France, among others. In addition, the growing military expenditures of various countries in the region are escalating the adoption of modern military arms and equipment, which is, in turn, boosting the military battery market demand.
Competitive Landscape
EnerSys is a company which manufactures and sells different types of batteries and related products, including motive power batteries, reserve power, and battery chargers, among others. It was founded in 2000 and is headquartered in Pennsylvania, the United States.
Exide Technologies, LLC is a leading company which manufactures storage batteries. The product portfolio of this company includes automotive, industrial, and acid batteries, among others. It was founded in 1888 and is headquartered in Georgia, the United States.
Lincad Limited is a leading manufacturer of power management systems, catering to the needs of various sectors such as defence, medical and healthcare, retail, and robotics, among others. The company was founded in 1986 and is headquartered in Hampshire, England.
Other market players include EaglePicher Technologies, LLC, Denchi Group Limited, Bren-Tronics, Inc., Saft Group SA, Cell-Con, Inc., Ultralife Corporation, and Teledyne Technologies Incorporated, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Composition |
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| Breakup by Platform |
|
| Breakup by Voltage |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Military Battery Market Analysis
8.1 Key Industry Highlights
8.2 Global Military Battery Historical Market (2018-2022)
8.3 Global Military Battery Market Forecast (2023-2028)
8.4 Global Military Battery Market by Type
8.4.1 Rechargeable
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Non-Rechargeable
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Military Battery Market by Composition
8.5.1 Lithium Based
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Lead Acid Based
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Nickel Based
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Military Battery Market by Platform
8.6.1 Air
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Ground
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Marine
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.7 Global Military Battery Market by Voltage
8.7.1 Less than 12V
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 12 to 24V
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 More than 24V
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.8 Global Military Battery Market by Application
8.8.1 Communication and Navigation Systems
8.8.1.1 Historical Trend (2018-2022)
8.8.1.2 Forecast Trend (2023-2028)
8.8.2 Fire Control Systems and Ammunition
8.8.2.1 Historical Trend (2018-2022)
8.8.2.2 Forecast Trend (2023-2028)
8.8.3 Thermal Imaging and Surveillance
8.8.3.1 Historical Trend (2018-2022)
8.8.3.2 Forecast Trend (2023-2028)
8.8.4 Propulsion Systems
8.8.4.1 Historical Trend (2018-2022)
8.8.4.2 Forecast Trend (2023-2028)
8.8.5 Others
8.9 Global Military Battery Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2022)
8.9.1.2 Forecast Trend (2023-2028)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2022)
8.9.2.2 Forecast Trend (2023-2028)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2022)
8.9.3.2 Forecast Trend (2023-2028)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2022)
8.9.4.2 Forecast Trend (2023-2028)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2022)
8.9.5.2 Forecast Trend (2023-2028)
9 North America Military Battery Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Military Battery Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Military Battery Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Military Battery Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Military Battery Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 EnerSys
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Exide Technologies, LLC
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Lincad Limited
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 EaglePicher Technologies, LLC
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Denchi Group Limited
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Bren-Tronics, Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Saft Group SA
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Cell-Con, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Ultralife Corporation
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Teledyne Technologies Incorporated
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Military Battery Market: Key Industry Highlights, 2018 and 2028
2. Global Military Battery Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Military Battery Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Military Battery Historical Market: Breakup by Composition (USD Billion), 2018-2022
5. Global Military Battery Market Forecast: Breakup by Composition (USD Billion), 2023-2028
6. Global Military Battery Historical Market: Breakup by Platform (USD Billion), 2018-2022
7. Global Military Battery Market Forecast: Breakup by Platform (USD Billion), 2023-2028
8. Global Military Battery Historical Market: Breakup by Voltage (USD Billion), 2018-2022
9. Global Military Battery Market Forecast: Breakup by Voltage (USD Billion), 2023-2028
10. Global Military Battery Historical Market: Breakup by Application (USD Billion), 2018-2022
11. Global Military Battery Market Forecast: Breakup by Application (USD Billion), 2023-2028
12. Global Military Battery Historical Market: Breakup by Region (USD Billion), 2018-2022
13. Global Military Battery Market Forecast: Breakup by Region (USD Billion), 2023-2028
14. North America Military Battery Historical Market: Breakup by Country (USD Billion), 2018-2022
15. North America Military Battery Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Europe Military Battery Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Europe Military Battery Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Asia Pacific Military Battery Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Asia Pacific Military Battery Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Latin America Military Battery Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Latin America Military Battery Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Middle East and Africa Military Battery Historical Market: Breakup by Country (USD Billion), 2018-2022
23. Middle East and Africa Military Battery Market Forecast: Breakup by Country (USD Billion), 2023-2028
24. Global Military Battery Market Structure
Key Questions Answered in the Report
The market reached a value of nearly USD 1.87 billion in 2022.
The market is estimated to grow at a CAGR of 4.8% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a value of around USD 2.48 billion by 2028.
The increasing application of military batteries in onboard aircraft to facilitate various operations, such as engine cracking, surging geopolitical tensions, and increasing investments by various governments to augment their military infrastructure are the major drivers of the market.
The key trends in the market include the deployment of innovative technologies in military equipment and the growing usage of smart devices across military units.
Rechargeable and non-rechargeable are the different types of military batteries.
Lithium based, lead acid based, and nickel based, among others, are the major segments based on composition of military battery.
EnerSys, Exide Technologies, LLC, Lincad Limited, EaglePicher Technologies, LLC, Denchi Group Limited, Bren-Tronics, Inc., Saft Group SA, Cell-Con, Inc., Ultralife Corporation, and Teledyne Technologies Incorporated, among others, are the key market players.
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