Military Battery Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Military Battery Market covers analysis By Type (Rechargeable, Non-Rechargeable); Composition (Nickel Battery, Lithium Battery, Lead Acid Battery, Thermal Battery, Others); End User (Navy, Air Force, Ground Force); Application (Propulsion Systems, Backup Power, Communication and Navigation Systems, Auxiliary Power Units (APU), Fire Control Systems, Electro Optics and Thermal Imaging Systems, Ignition Systems, Others); Power Density (Less than 100 Wh/Kg, 100-200 Wh/Kg, More than 200 Wh/Kg); Energy Consumption (Less than 12 V, 12 -24 V, More than 24 V) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Feb 2024

  • Report Code : TIPTE100001279
  • Category : Aerospace and Defense
  • Status : Upcoming
  • No. of Pages : 150
Inquire Before Buy

PRICING

$5190

$4671

MARKET OVERVIEW

The operations of military typically is carried out in the remote and less accessible areas, and they require power for various applications. These military batteries require to be robust and capable of handling extreme weather conditions. The military batteries are used to power different electronic equipment of military forces, and is also used in ships & submarines. The batteries prove to be a helpful solution in emergency backup situations wherein electricity may fail. The integration of various emerging electronic devices such as wearable devices for night vision applications have been trending in the defense sector. These devices require to be powered by batteries and thus demand for military batteries.

MARKET SCOPE

The "Global Military Battery Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the military battery market with detailed market segmentation by type, composition, end user, application, power density, energy consumption, and geography. The report provides key statistics on the market status of the leading Military battery market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  •   On the basis of type, the market is segmented as rechargeable and non-rechargeable.
  •   On the basis of composition, the market is segmented as nickel battery, lithium battery, lead acid battery, thermal battery, and others.
  •   On basis of end user, the market is segmented as navy, air force, and ground force.
  •   On basis of application, the market is segmented as propulsion systems, backup power, communication and navigation systems, Auxiliary Power Units (APU), fire control systems, electro optics and thermal imaging systems, ignition systems, and others.
  •   On basis of power density, the market is segmented as less than 100 Wh/Kg, 100-200 Wh/Kg, and More than 200 Wh/Kg.
  •   On basis of energy consumption, the market is segmented as less than 12 V, 12 -24 V, and more than 24 V.

MARKET DYNAMICS
Drivers:

  •   The increasing military modernization programs across the major countries of the world, and rising demands for unmanned vehicles in the defense sector are driving the adoptions of these systems.
  •   Growing investments by Government of various countries in the development of the defense sector is anticipated to provide ample opportunities for the market players.

Restraints:

  •   Concerns around the proper functioning of these batteries in extreme weather conditions as well as lack of technological expertise in handling these systems is expected to hinder the growth of the Military Battery market in coming years.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Military battery market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Military battery market in these regions

IMPACT OF COVID-19 ON MILITARY BATTERY MARKET

The major players in the military battery market includes Arotech Corporation, Concorde Battery, and ENERSYS. The COVID-19 pandemic has severely impacted their businesses. The shortage of raw material is expected to hamper the growth the military battery market. However, the demand for military batteries market is expected to increase in the forecast period.

World Geography

Have a question?

Analyst

Naveen

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst   Speak to Analyst
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
MARKET PLAYERS


The report covers key developments in the Military battery market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Military battery market are anticipated to lucrative growth opportunities in the future with the rising demand for Military battery in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Military battery market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •   Arotech Corporation
  •   BREN-TRONICS,INC.
  •   BST Systems, Inc.
  •   Concorde Battery
  •   Denchi Group Ltd
  •   EaglePicher Technologies
  •   ENERSYS
  •   Kokam by SolarEdge
  •   Saft Groupe SAS
  •   Teledyne Technologies Incorporated.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

The List of Companies

1.Arotech Corporation
2.BREN-TRONICS,INC.
3.BST Systems, Inc.
4.Concorde Battery
5.Denchi Group Ltd
6.EaglePicher Technologies
7.ENERSYS
8.Kokam by SolarEdge
9.Saft Groupe SAS
10.Teledyne Technologies Incorporated.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Military Battery Market