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Market Overview of Global Military Battery market:
According to our latest research, the global Military Battery market looks promising in the next 5 years. As of 2022, the global Military Battery market was estimated at USD 2451.09 million, and it's anticipated to reach USD 3381.59 million in 2028, with a CAGR of 5.51% during the forecast years.
A military battery is a power storage device that commonly features high energy and high power. It is used in military electronic equipment such as vehicles, aircraft, ships, operating bases, unmanned vehicles, and submarines. This type of batteries also acts as a backup in such conditions where electricity sources may fail.
Influence of COVID-19 Outbreak on Military Battery Industry Development
The military industry, including military batteries, is less affected by macroeconomic fluctuations and has weak cyclical properties. With the increasing degree of national defense informationization and military modernization, it is expected that countries will strengthen their investment in national defense budget in the future, thus forming a stable support for military battery demand, and the military battery industry is expected to maintain growth. Based on the urgent needs faced by the modernization of national defense, we believe that the growth of military spending in 2020 will remain stable. Although the current economic downward pressure is high, the demand in military industry is relatively independent, and military batteries will also maintain stable growth.
Supply-side shocks are some of the most obvious impacts of the epidemic on the defense sector. Companies that are located in countries severely affected by the virus, or those that rely on supply chains located in affected countries, are the direct victims of the epidemic. Disruptions in global value chains can be particularly devastating for small and medium-sized companies and niche firms. State-sponsored rescue plans may save some of these companies, more diversified firms appear to be doing better, and some may be stronger than before.
Limitations
The global supply of raw materials for military batteries is relatively concentrated, with Asia and South America being the main raw material supply regions. North America as well as Europe and other military developed regions rely on import features more obviously. A wide range of elements is used in Li-ion battery cells including lithium (Li), nickel (Ni), cobalt (Co), manganese (Mn), aluminum (Al), copper (Cu), silicon (Si), tin (Sn), titanium (Ti) and carbon (C) in a variety of forms, e.g., natural graphite. These elements are harvested from raw materials mined from the earth's crust or recovered from surface water. According to the US Geological Survey, Argentina alone accounts for 53.0% of lithium imports. Since the military batteries represents a relatively small portion of the overall market, the products delivered are built to commercial requirements and may not meet military requirements for many performance parameters. Long lead times for components and materials are also an issue. Currently, they are measured in months, which complicates sudden increases in production when needed.
As new weapons, such as new tactical ground vehicles, unmanned systems, and directed energy weapons, are designed around the high energy density and low weight of military battery technology, the reliance on them is expected to grow exponentially. So the challenge for battery manufacturers is to create a battery that when attached, directly or indirectly, does not impact the soldier's speed or performance. This means creating a device where size, weight and power are fundamental in the design without jeopardizing the quality. This can be particularly difficult for OEMs as they implement more features into communication devices or other military related systems and equipment. For example, many heavy-duty military vehicles were originally designed so that the batteries fitted supplied just enough power to turn on the engine and operate any ancillary equipment. Today's military vehicles, however, are designed to include the latest electronics and electrical advancements, including mission-critical sensors, communication devices and control systems.
Region Overview:
From 2023-2028, United States is estimated to witness robust growth prospects.
Company Overview:
Saft is one of the major players operating in the Military Battery market, holding a share of 17.07% in 2020.
Saft is a company that provides advanced technology batteries and systems. It offers design, development, production, and customization of rechargeable and non-rechargeable batteries. The company serves to the aerospace and defense, medical, telecommunication, oil and gas, transportation, and other sectors.
EnerSys is the global leader in stored energy solutions for industrial applications. They complement their extensive line of motive power, reserve power, aerospace/defense and specialty batteries with a full range of integrated services and systems.
Segmentation Overview:
Among different product types, Lithium Battery segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Backup Power segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Military Battery market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Military Battery Market Report:
Market Size Estimates: Military Battery market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Military Battery market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Military Battery market
Segment Market Analysis: Military Battery market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Military Battery market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Military Battery Market: Revenue and sales volume of major countries in each region
Military Battery Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Military Battery market in major regions.
Military Battery Industry Value Chain: Military Battery market raw materials & suppliers, manufacturing process, distributors, downstream customers
Military Battery Industry News, Policies & Regulations
Key players in the global Military Battery market are covered in Chapter 12:
Denchi Power
Arotech Corporation
Bren-Tronics, Inc.
HBL Power Systems Ltd
Mathews Associates
Lincad
EnerSys
EaglePicher Technologies
Teledyne Battery
Concorde Battery
Kokam
Ultralife
Saft
BST Systems
Navitas Systems
In Chapter 2 and Chapter 15.1, based on types, the Military Battery market from 2018 to 2028 is primarily split into:
Lithium Battery
Lead Acid Battery
Nickel Battery
Thermal Battery
Others
In Chapter 3 and Chapter 15.2, based on applications, the Military Battery market from 2018 to 2028 covers:
Propulsion Systems
Auxiliary Power Units (APU)
Backup Power
Ignition Systems
Communication & Navigation Systems
Fire Control Systems
Electro Optics & Thermal lmaging Systems
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Military Battery market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028