Military Battery Market Report: Trends, Forecast and Competitive Analysis to 2030

Military Battery Trends and Forecast

The future of the global military battery market looks promising with opportunities in the communication and navigation system, fire control system and ammunition, thermal imaging and surveillance, and propulsion system applications. The global military battery market is expected to reach an estimated $2.5 billion by 2030 with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are increasing adoption of unmanned aerial vehicles and rising demand for electronic warfare.

A more than 150-page report is developed to help in your business decisions.

Military Battery by Segment

The study includes a forecast for the global military battery by battery type, platform, application, and region.

Military Battery Market by Battery Type [Shipment Analysis by Value from 2018 to 2030]:

• Lithium Based
• Lead Acid Based
• Others

Military Battery Market by Platform [Shipment Analysis by Value from 2018 to 2030]:

• Air
• Ground
• Sea

Military Battery Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Communication and Navigation Systems
• Fire Control Systems and Ammunition
• Thermal Imaging and Surveillance
• Propulsion Systems
• Others

Military Battery Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Military Battery Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies military battery companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the military battery companies profiled in this report include-

• Bren-Tronics
• Cell-Con
• Denchi
• EaglePicher Technologies
• Eco-bat Technologies

Military Battery Market Insights

Lucintel forecasts that lithium based is expected to witness the highest growth over the forecast period due to itsvarious advantages, such as fast charging, longer life cycle and high energy density.

Within this market, communication and navigation system is expected to witness the highest growth over the forecast period.

North America is expected to witness highest growth over the forecast period due to rising supportive governemnt expenditure in military sector and presence of major military powers in this region.

Features of the Global Military Battery Market

Market Size Estimates: Military battery market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Military battery market size by battery type, platform, application, and region in terms of value ($B).

Regional Analysis: Military battery market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different battery types, platforms, applications, and regions for the military battery market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the military battery market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the military battery market size?

Answer: The global military battery market is expected to reach an estimated $2.5 billion by 2030.

Q2. What is the growth forecast for military battery market?

Answer: The global military battery market is expected to grow with a CAGR of 5.2% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the military battery market?

Answer: The major drivers for this market are increasing adoption of unmanned aerial vehicles and rising demand for electronic warfare.

Q4. What are the major segments for military battery market?

Answer: The future of the military battery market looks promising with opportunities in the communication and navigation system, fire control system and ammunition, thermal imaging and surveillance, and propulsion system applications.

Q5. Who are the key military battery market companies?

Answer: Some of the key military battery companies are as follows:

• Bren-Tronics
• Cell-Con
• Denchi
• EaglePicher Technologies
• Eco-bat Technologies

Q6. Which military battery market segment will be the largest in future?

Answer: Lucintel forecasts that lithium based is expected to witness the highest growth over the forecast period due to itsvarious advantages, such as fast charging, longer life cycle and high energy density.

Q7. In military battery market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to rising supportive governemnt expenditure in military sector and presence of major military powers in this region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the military battery market by battery type (lithium based, lead acid based, and others), platform (air, ground, and sea), application (communication and navigation systems, fire control systems and ammunition, thermal imaging and surveillance, propulsion systems, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?