Military Battery Market - Global Forecast to 2023

DUBLIN, July 16, 2018 /PRNewswire/ --

The "Military Battery Market by Platform, End User, Type, Offering, Power Density, Energy Consumption, Application, Composition, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The military battery market is projected to grow from USD 2.42 billion in 2018 to USD 3.17 billion by 2023, at a CAGR of 5.57% during the forecast period.

The growth in the military battery market can be attributed to the various army modernization programs and rising demand for unmanned vehicles by militaries across the world.

The military battery market has been segmented on the basis of offering, end user, platform, type, power density, energy consumption, application, composition, and region. Based on offering, the military battery market has been segmented into product and service. The product segment is projected to lead the military battery market during the forecast period, owing to increasing defense procurements mainly in countries such as the US, China, and India.

Based on platform, the military battery market has been segmented into aviation, ground, marine, space, munition. The land segment is projected to grow at the highest CAGR from 2018 to 2023. Increasing adoption of unmanned vehicles and procurement of ground vehicles is expected to drive the land segment.

Based on power density, the market is segmented into less than 100 Wh/Kg, 100-200 Wh/Kg, and more than 200 Wh/Kg. The less than 100 Wh/Kg segment is estimated to lead the military battery market in 2018. This growth can be attributed to the increasing demand for military vehicles among armies across the world.

Based on composition, the market is segmented into lithium battery, lead acid battery, nickel battery, thermal battery, and others. The lithium battery segment is estimated to lead the military battery market in 2018. Factors such as high density, power, and recharge cycle as compared to traditional batteries such as lead acid are driving this segment.

Based on type, the market is segmented into rechargeable and non-rechargeable. The rechargeable segment is estimated to lead the military battery market in 2018. Benefits such as reduced logistics cost and reduced of carrying extra batteries has led to the growth of this segment.

Based on end user, the market is segmented into OEM and aftermarket. The OEM segment is estimated to lead the military battery market in 2018. Defense forces across the world are increasing procurement of unmanned systems, aircraft, munitions and ground vehicles procurements, which has led to the growth of this segment.

Based on energy consumption, the market is segmented into less than 12 V, 12-24V, and more than 24V. The 12-24 V segment is estimated to lead the military battery market in 2018. Factors such as reduced logistics cost and reduced burden of carrying extra batteries has led to the growth of this segment.

Based on region, the military battery market has been segmented into North America, Europe, Asia Pacific, the Middle East, and Rest of the World (RoW). The North American region is estimated to lead the military battery market in 2018. The US and Canada are the key countries considered for market analysis in this region. Increasing procurement of guided munitions and military aircraft are expected to fuel the growth of the military battery market in North America.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Growth Opportunities in the Military Battery Market
4.2 Military Battery Market, By Type
4.3 Military Battery Market, By End User
4.4 North America Military Battery Market, By Platform
4.5 Military Battery Market, By Offering
4.3 Military Battery Market, By Region

5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Emergence of Modern Warfare Systems Based on Advanced Technologies
5.1.1.2 Increased Use of Lightweight and High Power Density Military Batteries in Sophisticated Military Systems
5.1.1.3 Increased Defense Budgets of Various Countries Due to Growing Instances of Transnational Disputes
5.1.2 Opportunities
5.1.2.1 Increased Demand for UAVS Equipped With High Power and Long Endurance Military Batteries
5.1.2.2 Development of Batteries With Different Chemical Compositions to Offer Improved Power Density
5.1.2.3 Preference for Rechargeable Military Batteries
5.1.2.4 Use of Batteries as Energy Storage Devices By Defense Forces
5.1.2.5 Stringent Military Standards for the Manufacturers of Military Batteries
5.1.2.6 Increased Demand for Solid-State Batteries
5.1.3 Challenges
5.1.3.1 Design Constraints for Military Batteries
5.1.3.2 Development of Improved Battery Management Systems (BMS)
5.1.3.3 Regulations and Safety Issues Related to the Use of Lead Acid Military Batteries
5.1.3.4 Charging Issues Related to Rechargeable Military Batteries

6 Industry Trends
6.1 Introduction
6.2 Emerging Technologies
6.2.1 Smart Batteries
6.2.2 Energy Harvesting
6.2.3 Conformable Wearable Batteries (CWB)
6.2.4 Development of Various Chemistries in Military Batteries
6.2.5 Solid State Batteries
6.2.6 Hybrid Batteries
6.3 Patent Analysis

7 Military Battery Market, By Platform
7.1 Introduction
7.2 Aviation
7.2.1 Military Aircraft
7.2.1.1 Fixed Wing
7.2.1.2 Rotary Wing
7.2.2 UAV
7.3 Land
7.3.1 Vehicles
7.3.2 Soldiers
7.3.3 Base Stations
7.3.4 UGV
7.4 Marine
7.4.1 Ships
7.4.2 Submarines
7.4.3 Unmanned Maritime Vehicles (UMV)
7.5 Space
7.6 Munition
7.6.1 Ammunition
7.6.1.1 Missiles/Guided Rockets
7.6.1.2 Torpedoes
7.6.1.3 Guided Projectiles
7.6.2 Weapon
7.6.2.1 Artillery System
7.6.2.2 Directed Energy Weapons

8 Military Battery Market, By Offering
8.1 Introduction
8.2 Product
8.2.1 Battery
8.2.2 Battery Management System
8.3 Service
8.3.1 Product Integration
8.3.2 Spare Part Management
8.3.3 Field Maintenance & Repair

9 Military Battery Market, By End User
9.1 Introduction
9.2 Original Equipment Manufacturer (OEM)
9.3 Aftermarket

10 Military Battery Market, By Type
10.1 Introduction
10.2 Non-Rechargeable Batteries
10.2.1 Reserve
10.2.2 Primary
10.3 Rechargeable Batteries

11 Military Battery Market, By Power Density
11.1 Introduction
11.2 Less Than 100 Wh/Kg
11.3 100 to 200 Wh/Kg
11.4 More Than 200 Wh/Kg

12 Military Battery Market, By Energy Consumption
12.1 Introduction
12.2 Less Than 12v
12.3 12-24 V
12.4 More Than 24 V

13 Military Battery Market, By Composition
13.1 Introduction
13.2 Lithium Batteries
13.2.1 Lithium Nickel Manganese Cobalt (Li-NMC)
13.2.2 Lithium Iron Phosphate (LFP)
13.2.3 Lithium Thionyl Chloride
13.2.4 Lithium Oxide
13.3 Lead Acid Battery
13.3.1 Flooded
13.3.2 Sealed
13.4 Nickel Battery
13.4.1 Nickel Cadmium
13.4.2 Nickel Metal Hydride (NIMH)
13.5 Thermal Battery
13.6 Others

14 Military Battery Market, By Application (Qualitative)
14.1 Introduction
14.2 Propulsion Systems
14.3 Auxiliary Power Units (APU)
14.4 Backup Power
14.5 Ignition Systems
14.6 Communication & Navigation Systems
14.7 Fire Control Systems
14.8 Electro Optics & Thermal Imaging Systems
14.9 Others

15 Regional Analysis

16 Competitive Landscape
16.1 Introduction
16.2 Competitive Analysis
16.3 Market Ranking Analysis
16.4 Competitive Scenario
16.4.1 Contracts
16.4.2 New Product Launches
16.4.3 Partnerships and Acquisitions

17 Company Profiles

• Arotech Corporation
• BST Systems, Inc.
• Bren-Tronics
• Cell-Con
• Concorde
• Denchi Power
• Eaglepicher
• Enersys
• Kokam
• Lincad
• Mathews Associates
• Navitas Systems
• Saft
• Teledyne Battery Products (Teledyne Technologies)
• Ultralife

For more information about this report visit https://www.researchandmarkets.com/research/wqr2rm/military_battery?w=5

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