About Military Battery
The global military battery market is highly competitive market. Leading players operating in this market focus more on R&D activities to develop new products. Demanding applications are developed by companies to enhancing their presence. The leading players are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global military battery market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Military Battery market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
EnerSys (United States), Arotech Corporation (United States), EaglePicher Technologies (United States), Bren-Tronics, Inc. (United States), Saft Groupe (France), Cell-Con (United States), Concorde (United States), Denchi Power (United Kingdom), Kokam (Korea) and Lincad (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Mathews Associates (United States), Navitas Systems (United States) and Teledyne Technologies (United States).
Segmentation Overview
AMA Research has segmented the market of Global Military Battery market by , Application (Propulsion Systems, Auxiliary Power Units (APU), Backup Power, Ignition Systems, Communication & Navigation Systems, Fire Control Systems, Electro-Optics & Thermal Imaging Systems and Others) and Region.
On the basis of geography, the market of Military Battery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Platforms, the sub-segment i.e. Aviation will boost the Military Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Composition, the sub-segment i.e. Aviation will boost the Military Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Lithium Titanate (LTO) will boost the Military Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offering, the sub-segment i.e. Product {Battery, Battery Management System} will boost the Military Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand for Solid-State Batteries
Market Growth Drivers:
Growing Demand of Modern Warfare Systems Based On Advanced Technologies, Rising Utilization of Lightweight and High Power Density Military Batteries in Military Systems from Developed Countries and Raise In Defense Budgets of Emerging Countries Because Of Growing Instances of Transnational Disputes
Challenges:
Rising Number Constraints for Military Batteries and Growing Number of Charging Issues Related To Rechargeable Military Batteries
Restraints:
Increasing Number of Regulations and Safety Issues Related To the Use of Lead Acid Military Batteries
Opportunities:
There is huge growth potential in this market because of rising demand UAVs equipped with high power and long endurance military batteries. Another reason is there is a huge development of batteries with different chemical compositions to provide improved power density for military batteries. Along with growing demand storage devices in the defence sector.
Market Leaders and their expansionary development strategies
In November 2021, Stryten Energy LLC, a U.S.-based energy storage solutions provider, today announced it has acquired the assets of Galvion Vehicle Power, a division of Galvion Inc., a developer of advanced protective equipment, power management and data solutions for military and tactical clients worldwide. The acquisition are redoubling the commitment to boost U.S. manufacturing capabilities of highly specialized lithium-ion batteries.
In May 2022, Epsilor, a world-recognized developer and manufacturer of mobile energy products for defense and aerospace applications has launched new Li-Ion NATO 6T Battery, Offering the highest energy density in its category, Epsilor’s rechargeable NCA type battery is offered in a heavy-duty metal case meeting MIL-PRF-32565C specifications and is equipped with a smart Battery Management System.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Military Battery Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.