Global Military Battery Market - Forecasts From 2018 to 2023

The global military battery market is projected to grow at a CAGR of 4.85% to reach US$2.815 billion by 2023, from US$2.119 billion in 2017. Batteries are used in the military and defence industry for varied applications including APUs, propulsion systems, providing backup power, and for ignition systems among many others. Increasing military expenditure on acquiring advanced weapons coupled with budding demand for unmanned aerial vehicles for surveillance purposes will drive the demand for these batteries over the forecast period.

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the global military battery value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the global military battery market.

Major industry players profiled as part of the report are Epsilor- Electric Fuel Ltd., Tadiran Batteries, Bren- Tronics, Inc., Saft Groupe SA, Military Battery Systems, Inc., Denchi Power Limited, Kokam, and Teledyne Technologies Incorporated among others.

Segmentation

The global military battery market has been analyzed through the following segments:

By Type

Lithium Batteries
Lead Acid Batteries
Nickel Batteries
Thermal Batteries
Others

By Power Density

Less Than 100 WH/ Kg
Between 100 and 200 WH/ KG
More Than 200 WH/ KG

By Application

Propulsion System
Backup Power
Ignition System
Fire Control System
Auxiliary Power Unit
Others

By End- User

Aviation
Land
Marine
Munition
OEMs

By Geography

North America
USA
Canada
Mexico
Others

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
Saudi Arabia
Israel
Others

Asia Pacific
China
Japan
South Korea
India
Others