The Worldwide Military Battery Industry is Expected to Reach $3.3 Billion by 2026 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Military Battery Market – Forecasts from 2021 to 2026” report has been added to ResearchAndMarkets.com’s offering.
The global military battery market is projected to grow at a CAGR of 5.78% to reach US$3.304 billion by 2026, from US$2.230 billion in 2019.
The military uses batteries to power a variety of devices, ranging from power tools to military portable equipment. On the military battlefield, lithium-ion batteries have proven to be the most reliable power source for portable equipment. Because military lithium batteries are particularly engineered to handle severe military conditions, they are not commonly available for commercial usage. In the event of a power outage, the military battery serves as a backup generator. In the military and defense sectors, batteries are used for a variety of purposes, including APUs, propulsion systems, backup power, and ignition systems, among others.
Over the projected period, demand for these batteries will be driven by rising military spending on sophisticated weaponry and a growing need for unmanned aerial vehicles for surveillance. Military operations are frequently carried out in remote and inaccessible places, necessitating the usage of power for a number of purposes. These military batteries need to be robust and able to resist extreme weather. Military batteries power a wide range of military electrical equipment as well as ships and submarines.
The batteries show to be a beneficial solution in emergency backup circumstances where electricity may fail. Integration of various emerging electronic gadgets, such as wearable devices for night vision applications, has grown popular in the military business. Because these technologies need the usage of batteries, military batteries are in high demand. Defense forces’ use of batteries as energy storage devices, as well as rising demand for solid-state batteries, are two significant drivers driving the worldwide military battery market forward.
Growth Factors
The surging demand for lithium-ion batteries among end-user industries is fueling the market growth
One of the major reasons for the growth of the global military battery market is the growing demand for lithium-ion batteries among end-users. Lithium-based batteries have a significantly better power density and are much lighter than alkaline and carbon-zinc batteries. In military applications, rechargeable lithium-ion batteries are used. This battery is used by the military for a number of purposes, including radios, thermal imagers, and thermal cameras.
During discharge, the battery moves lithium ions from the negative electrode to the positive electrode, and during charging, the battery does the opposite. High power density military batteries are replacing standard batteries in a variety of military applications, including air defense and electronic warfare equipment. Furthermore, high-capacity, long-duration batteries that are lightweight are in great demand for unmanned aerial vehicles (UAVs) and man-portable devices, resulting in a reduction in overall system size. Large D-sized lithium main battery packs, for example, are being phased out in favor of tiny, high-powered lithium AA batteries, which are utilized by military UAVs to assure safe landings during power outages. These batteries not only help UAVs to be smaller, but they also help them to last longer.
Restraints
Charging issues related to rechargeable military batteries and the stringent regulations hinder the market growth
A major restraint in the growth of the global military battery market is the issues with charging rechargeable military batteries, as well as restrictions and safety concerns with lead-acid military batteries. Also, the design constraints with the military batteries have proved to be a major challenge to end-users and new entrants in the market. Improved Battery Management Systems are being developed (BMS) causing a major threat to the global military battery market during the forecast period.
Market Segmentation:
The global military battery market has been analyzed through the following segments:
By Type
- Lithium Batteries
- Lead Acid Batteries
- Nickel Batteries
- Thermal Batteries
- Others
By Power Density
- Less Than 100 WH/ Kg
- Between 100 and 200 WH/ KG
- More Than 200 WH/ KG
By Application
- Propulsion System
- Backup Power
- Ignition System
- Fire Control System
- Auxiliary Power Unit
- Others
By End-User
- Aviation
- Land
- Marine
- Munition
- OEMs
By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- UK
- Germany
- France
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- Israel
- Others
- Asia Pacific
- Japan
- China
- India
- South Korea
- Indonesia
- Taiwan
- Thailand
- Others
Companies Mentioned
- EnerSys
- Arotech Corporation
- EaglePicher Technologies
- Bren-Tronics, Inc.
- Denchi Power Ltd.
- Ultralife Corporation
- JFM Engineering, Inc
- HBL Power Systems Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/1wf6pu
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
