Military Battery Market

Military Battery Market size reached USD 1.3 billion in 2022 and is estimated to reach USD 1.8 billion in 2030 and the market is estimated to grow at a CAGR of 4.0% from 2023-2030.

Overview of the Military battery Market Report

The battery has become an inevitable part of modern military. Each military program is different and has a distinct set of requirements for power. Military batteries are different from normal batteries as they are used in very harsh extreme conditions like very high or very low temperature. It is used in several military applications like underwater vehicles, military ground vehicles, and forward operating bases. Various advantages offered by the military batteries are higher safety level, efficient electronics management, and others.

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Market Dynamic

Key Drivers and Emerging Trends

The rise in the use of high-power density and lightweight military batteries in hi-tech military systems is a major factor responsible for the growth of the military battery market.  In the military environment, an ideal battery is particularly used for heavy applications in underground vehicles, military ground vehicles, and others, which is surging the market’s overall growth. With the rise in power consumption from the latest technology in armed forces, the military battery market is expected to witness strong military battery demand across the regions. Furthermore, modernization in the military forces across the nations has surged the growth of the market. For example, according to the “Council on Foreign Relations”, China’s military modernization program in which the country spent US$ 17.5 billion in defense sector is going to drive the market growth.

Increasing demand for energy storage at the global level is expected to drive the global military market’s overall demand. The incorporation of various emerging electronic devices that include wearable devices for night vision applications has been serving in the defense sector. These devices need to be powered by batteries, thus the demand for military batteries is expected to propel over the forecast period.

Restraint in the Military battery Market

As per the Military battery market research, charging issues related to rechargeable military batteries and the development of improved battery management systems are the factors responsible for hampering the military battery market’s growth.

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Voltage – Segment Analysis

Based on the voltage, 12-24V is expected to dominate the market over the forecast period. The reason behind the growth of the market is the decrease in the logistics cost and reduced burden of carrying extra batteries. These batteries are used in speed control systems, streetlights etc. With these factors, the 12-24 segment is anticipated to make a hold on the dominancy over the market.

Type – Segment Analysis

Based on the type, lithium-ion battery is expected to increase at a higher CAGR over the forecast period. The better rechargeable cycle of the lithium-ion battery as compared to other batteries like the lead-acid battery, is a major factor that makes it more suitable for the military group to use the battery for a longer period of time in worse physical conditions.

Mode – Segment Analysis

Based on the Mode, rechargeable is expected to dominate the military battery market over the forecast period. Rechargeable batteries are environmentally friendly and leave fewer carbon footprints, thus making it environment friendly and are largely adopted by governmental bodies like U.S for underwater vehicles, groundwater vehicles, etc. Furthermore, rechargeable batteries use less energy because a battery charger is more efficient and cost-saving than a new battery production.

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Regional – Segment Analysis:

Based on the region, Asia-Pacific is expected to dominate the global military battery market over the forecast period. The rise in military aircraft procurement and guided munitions are projected to drive the military battery’s demand in this region. According to GMI analysis, battery manufacturing capacity is set to increase fourfold to 1.25 TWH by the end of 2030, in which Asia-Pacific accounts for more than 79% of the global manufacturing. With the strong presence of key players in the region, such as Arotech Corporation, ENERSYS, the region is expected to dominate the market over the forecast period during the long run.

Top Market Players

Various notable players operating in the market include Arotech Corporation, BREN-TRONICS, INC., EaglePicher Technologies, ENERSYS, Saft, BST SYSTEMS, Inc.,  Cell-Con, DENCHI POWER, Lincad Ltd., and Mathews Battery Assemblers, among others. 

Key Developments:

• • In 2020, ENERSYS officially launched range of TPPL batteries for hazardous environment for the use of military. This launch helped the company in expanding the product portfolio and generating more sales.

Segments Covered in the Report:

The global military battery market has been segmented based on voltage, type, mode, and regions. Based on voltage, the market is segmented into less than 12v, 12-24v and more than 24v. Based on type, the market is segmented into lead acid, nickel-based and lithium-ion. Based on mode, the market is segmented into rechargeable and non-rechargeable. 

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Key questions answered in this research report:

• • At what pace is global military battery market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in military battery market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global military battery market?
  • Which voltage generated maximum revenues in 2019 and identify the most promising Voltage during the forecast period?
  • What are the various type areas of global military battery market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2022)	USD 1.3 billion
Market Base Year	2022
Market Forecast Period	2023-2030
Base Year & Forecast Units	Revenues (USD billion)
Market Segment	By Voltage, By Type, By Mode, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Arotech Corporation, BREN-TRONICS, INC., Eagle Picher Technologies, ENERSYS, Saft, BST SYSTEMS, Inc., Cell-Con, DENCHI POWER, Lincad Ltd., Mathews Battery Assemblers, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Military battery Market by Voltage

• • Less Than 12V
  • 12-24V
  • More Than 24V

Global Military battery Market by Type

• • Lead Acid
  • Nickel-Based
  • Lithium-Ion

Global Military battery Market by Mode

• • Rechargeable
  • Non-Rechargeable

Global Military battery Market by Region

• • North America Military battery Market (Option 1: As a part of the free 25% customization)

    • By Voltage
    • By Type
    • By Mode
    • US Market All-Up
    • Canada Market All-Up

  • Europe Military battery Market (Option 2: As a part of the free 25% customization)

    • By Voltage
    • By Type
    • By Mode
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Military battery Market (Option 3: As a part of the free 25% customization)

    • By Voltage
    • By Type
    • By Mode
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Military battery Market (Option 4: As a part of the free 25% customization)

    • By Voltage
    • By Type
    • By Mode
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Military battery (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Arotech Corporation
  • BREN-TRONICS,INC.
  • EaglePicher Technologies
  • ENERSYS
  • Saft
  • BST SYSTEMS, Inc.
  • Cell-Con
  • DENCHI POWER
  • Lincad Ltd.
  • Mathews Battery Assemblers