Military Battery Market Research Report
Growth opportunities in the Military Battery Market look
promising over the next six years. This is mainly due to the rise in the
application of high-power solidity and thin military batteries in scientific
systems.
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Military Battery Market Dynamics (including
market size, share, trends, forecast, growth, forecast, and industry analysis)
Key
Drivers
One of the prominent drivers accelerating the growth of the global
military
battery market includes the augmentation in the implementation of dynamic
density and lightweight batteries in hi-tech military systems. The ideal
battery in a military environment is specifically used for substantial
applications in underground and military ground vehicles, which is
strengthening the market demand. Also, the surge in the energy consumption from
modern technology in armed forces and their advancements will promote market
growth. In accordance with the "Council on Foreign Relations," the
modernization program for China's military, the nation spent US$ 17.5 billion
in the defense industry, which will further support the market growth.
Additionally, as per the military battery market analysis, the robust demand
for storing energy at the global level will raise the market share. The
integration of several developing electronic devices, such as wearable devices
for night vision applications, to accommodate the defense sector. These devices
need to be powered by batteries, which is bolstering the market growth.
However, charging issues associated with rechargeable military batteries and
the enlargement of enhanced battery management systems are the factors
responsible for hampering the military battery industry growth.
Type Segment
Drivers
Based on the type, lithium-ion battery is projected to
witness a faster CAGR over the forecast period. This is mainly attributed to
their superior rechargeable cycle compared to other batteries like the
lead-acid battery, making it more suitable for the military group to employ the
battery for a more extended period in worse physical conditions.
Regional
Drivers
Based on the regional coverage, Asia-Pacific is predicted to
lead the market over the forecast period. This is primarily because of the
increase in aircraft attainment and guided munitions. In addition, the
production capability is set to rise fourfold to 1.25 TWH by the end of 2030,
in which the Asia-Pacific accounts for approximately over 79% of the worldwide
production. The immense prevalence of leading players, such as Arotech
Corporation, ENERSYS, will further driving the market growth.
Military
Battery Market’s leading Manufacturers:
·
Mathews Battery Assemblers
·
Cell-Con
·
DENCHI POWER
·
Saft
·
EaglePicher Technologies
·
Arotech Corporation
·
Lincad Ltd.
·
BST SYSTEMS, Inc
·
ENERSYS
·
BREN-TRONICS, INC.
Military Battery Market Segmentation:
Segmentation by Voltage
·
Less Than 12V
·
12-24V
·
More Than 24V
Segmentation by Type
·
Lead Acid
·
Nickel-Based
·
Lithium-Ion
Segmentation by Mode
·
Rechargeable
·
Non-Rechargeable
Segmentation by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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