Global Military Battery Market size is projected to be valued $XX Billion by 2025; with a CAGR of XX% from 2017 to 2025. Military batteries are the technology for military and aerospace applications that are used for a diversity of critical military applications ranging from communication equipment and night vision goggles to unmanned aerial vehicle (UAV) drones. Some of the basic features of military batteries include high energy density, easy integration into compact and light systems, maintenance free and low self-discharge among others. And applications of military batteries involve military and civil portable radio communications, remote control electronics, and surveillance equipment along with remote sensor devices.
Increasing acceptance of UAVs in civil & defense applications, growing number of aircraft deliveries, and rising implementation of more electric aircraft technology in military aircraft are boosting the growth of the global military battery market. Moreover, growing use of high power density and lightweight military batteries in advanced military systems are also expected to fuel the growth of the market. However, safety and regulations issues involved in the use of lead acid military batteriesmay hinder the growth of the market. Furthermore, ongoing research & development and opportunities among various industries from emerging economies would provide growth in the upcoming years.
The global military battery market is segmented based on the end user, platform, type, energy consumption, application, composition and geography. End user segment can be further segmented into OEM and aftermarket.The platform segment is further divided into aviation, ground, marine, space, munitions segment. Type segment can be bifurcated into rechargeable and non-rechargeable. Furthermore, energy consumption segment includes less than 12 V, 12-24V, and more than 24V. The application segment is further divided into propulsion systems, auxiliary power units (APU), backup power, ignition systems, communication &navigation systems, fire control systems, electro optics &thermal imaging systems, and others.
The global military battery market by geography is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S. and Canada are covered under North America wherein Europe covers U.K, Germany, France, Russia, Italy, and others. Asia-Pacific covers China, India, Japan, South Korea, Australia and others. RoW covers South America, Middle East and Africa.
Major companies operating in the global Military Batterymarket areArotech Corporation, Bren-Tronics, Eaglepicher, Enersys, Saft, BST Systems, Inc., Cell-Con, Concorde, Denchi Power, Kokam andLincad among others.
The key takeaways from the report
Scope of Military Battery Market
End User Segments
Energy Consumption Segments