Global Military Battery Market Report and Forecast 2024-2032

Global Military Battery Market Outlook

The global military battery market size reached nearly USD 1.96 billion in 2023. The market is projected to grow at a CAGR of 4.8% between 2024 and 2032 to reach a value of around USD 2.99 billion by 2032.

Key Trends in the Market

A military battery refers to a power storage device which is used to provide energy to various military equipment, devices, and gadgets. Military batteries play indispensable roles in the military sector to power crucial vehicles, such as ships and aircraft.

• The increasing application of military batteries in onboard aircraft to facilitate various operations such as engine cracking, auxiliary starting, and flight control back-up, among others, is driving the military battery market growth.

• Advancements in military technologies, coupled with the utilisation of smart devices across military units, are further propelling the demand for military batteries. Additionally, the growing research and development activities aimed towards producing high-end light combat aircraft are expected to be crucial military battery market trends.

• Over the forecast period, surging geopolitical tensions and increasing investments by governments to augment their military infrastructure are likely to fuel the demand for battery-operated military components.

Market Analysis

Based on type, the market is segmented into rechargeable and non-rechargeable. On the basis of composition, the market is classified into lithium based, lead acid based, and nickel based, among others. By platform, the market is segmented into air, ground, and marine. By voltage, the market is categorised into less than 12V, 12 to 24V, and more than 24V.

On the basis of application, the military battery market segmentations include communication and navigation systems, fire control systems and ammunition, thermal imaging and surveillance, and propulsion systems, among others. The major regional markets for military battery include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global military battery market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• EnerSys 

• Exide Technologies, LLC 

• Lincad Limited 

• EaglePicher Technologies, LLC 

• Denchi Group Limited 

• Bren-Tronics, Inc. 

• Saft Group SA 

• Cell-Con, Inc. 

• Ultralife Corporation 

• Teledyne Technologies Incorporated 

• Others

Market Share by Type

Non-rechargeable batteries account for a significant portion of the military battery market share. Non-rechargeable batteries can meet power requirements during critical military situations when facilities like charging sources are not available.

Additionally, some of the notable advantages offered by non-rechargeable military batteries are their grab-and-go convenience, easy identification, low cost, and high shelf-life.

Market Share by Region

As per the military battery market analysis, Europe is poised to grow at a steady rate in the forecast period, owing to the well-established battery manufacturing units in countries such as the United Kingdom, Germany, and France, among others. In addition, the growing military expenditures of various countries in the region are escalating the adoption of modern military arms and equipment, which is, in turn, boosting the military battery market demand.

Competitive Landscape

EnerSys is a company which manufactures and sells different types of batteries and related products, including motive power batteries, reserve power, and battery chargers, among others. It was founded in 2000 and is headquartered in Pennsylvania, the United States.

Exide Technologies, LLC is a leading company which manufactures storage batteries. The product portfolio of this company includes automotive, industrial, and acid batteries, among others. It was founded in 1888 and is headquartered in Georgia, the United States.

Lincad Limited is a leading manufacturer of power management systems, catering to the needs of various sectors such as defence, medical and healthcare, retail, and robotics, among others. The company was founded in 1986 and is headquartered in Hampshire, England.

Other market players include EaglePicher Technologies, LLC, Denchi Group Limited, Bren-Tronics, Inc., Saft Group SA, Cell-Con, Inc., Ultralife Corporation, and Teledyne Technologies Incorporated, among others.

Key Highlights of the Report