USD 1.46 Billion
Military Battery Market Size, Share, and Growth Analysis
Military Battery Market By Platform(Ground, Airborne, Marine), By Type(Non-rechargeable, Rechargeable, Propulsion, Non-propulsion), By Composition(Rotary Lithium-based, Lead-acid, Nickel-based, Thermal), By Installation(OEM, Aftermarket), By Voltage(Less than 12V, 12–24V, and more than 24V), By Power Density(Less than 100 Wh/Kg, 100–200 Wh/Kg, and More than 200 Wh/Kg), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20A2231 |
Region:
Global |
Published Date: October, 2024
Pages:
202
|Tables:
66
|Figures:
77
Format -
Military Battery Market Insights
Military Battery Market size was valued at USD 1.46 Billion in 2023 and is poised to grow from USD 1.7 Billion in 2024 to USD 2.32 Billion by 2032, growing at a CAGR of 16.1% during the forecast period (2025-2032).
The growth in the military battery market can be attributed to advancement of technological evolution in battery chemistry and design. Increasing use of lithium-ion batteries, solid-state batteries and other next-gen batteries provide enhanced energy density, increased life cycles and safety features. Such factors are enhancing the efficiency and reliability of military applications such as drones, muscle interfaces, and electric machines. This makes them much more effective in varied operational scenarios. In addition to this, the increasing defense spending of several countries is the factor fueling the growth of the advanced military battery market. Countries are spending a lot of resources in upgrading their military capabilities which includes purchase of complex electronic warfare systems, unmanned systems and portable power sources. The increase in military spending ensures a correspondingly higher demand for sophisticated batteries. Such a capability can support a wide variety of military uses, from small handheld equipment to large sophisticated and high-tech weaponry systems.
There has been further innovation in battery capabilities, for instance, improved energy density, increased life cycle of batteries while boosting overall safety features which have fueled demand for military batteries. The improvements in lithium-ion batteries and solid-state batteries are becoming robust power sources for a variety of military equipment and operations. The rising use of military UAVs, UGVs and UUVs also contributes towards the growth of military battery market. Such systems require high energy density and low weight batteries for enduring missions which increases the need for specific battery technologies.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Non-Rechargeable
Fastest Growth
Rechargeable
Growth Rate
16.1% CAGR
Global Military Battery Market ($ Bn)
Country Share for North America Region (%)
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Military Battery Market Segments Analysis
Global Military Battery Market is segmented by Platform, Composition, Type, Installation, Application, Voltage, Power Density, and region. Based on Platform, the market is segmented into Ground (Armored Vehicles, Operating Bases, Soldiers), Airborne (Fighter Aircraft, Special Mission Aircraft, Transport Aircraft, Military Helicopters), and Marine (Destroyers, Frigates, Amphibious Ships, Submarines, Offshore Patrol Vessels, Corvettes). Based on Type, the market is segmented into Non-rechargeable (Reserve, Primary), Rechargeable. Based on Application, the market is segmented into Propulsion, and Non-propulsion. Based on Composition, the market is segmented into Rotary Lithium-based (Lithium Nickel Manganese Cobalt Oxide (LI-NMC), Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO), Lithium Titanate Oxide (LTO), Lithium Manganese Oxide (LMO), Lithium Nickel Cobalt Aluminum Oxide (NCA)), Lead-acid, Nickel-based, Thermal, and Others. Based on Installation the market is segmented into OEM, Aftermarket. Based on Voltage, the market is segmented into Less than 12V, 12–24V, and more than 24V. Based on Power density, the market is segmented into Less than 100 Wh/Kg, 100–200 Wh/Kg, and More than 200 Wh/Kg. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Type
Based on type, the non-rechargeable segment is dominating the market with the largest military battery market share. These batteries are designed for single-use applications where reliability, energy density, and an extended period of use without recharging are crucial. Some of these non-rechargeable batteries are found in portable military devices such as communication equipment, GPS and handheld radios. Additionally, the reliability and simple operation of primary batteries makes them ideal for marine applications. This is particularly accurate in critical missions where recharging is not possible. In emergency situations, like rescue operations or battlefield medical scenarios, non-rechargeable batteries offer immediate and reliable power. Their readiness for use without prior charging is an important advantage in such urgent situations.
The rechargeable segment is expected to grow at a significant CAGR during the forecast period in the military battery market. The rechargeable batteries supply power to a wide array of mobile military equipment that includes communication systems, night vision goggles and GPS units. Since they are rechargeable and reusable, they are also economical and suitable for devices that are used many times a day. Soldiers nowadays often employ the use of portable devices like health monitoring systems and exoskeletons. For such devices to enhance the operational effectiveness and the endurance of the warfighters, it is necessary to have a reliable and light-weight rechargeable battery. Moreover, rechargeable batteries are environmentally friendly and leave less carbon footprints, making it environment friendly. Due to these reasons rechargeable batteries are largely adopted by governmental bodies like U.S. for underwater vehicles, groundwater vehicles, and more. Furthermore, rechargeable batteries utilize less energy because a battery charger is more efficient, and cost-saving compared to a new battery production.
Analysis by Composition
Based on composition, the rotary lithium-based segment is dominating the military battery market. The rotary lithium-ion batteries have a considerably better power density and are much lighter compared to alkaline and carbon-zinc batteries. The rechargeable lithium-ion batteries are utilized in military applications. The military employs this battery for a large variety of applications such as radios, thermal imagers and thermal cameras. This battery works by transferring lithium ions from the negative electrode to the positive electrode during discharge and the opposite takes place during charging of the battery. So, for each use of the battery, energy is generated. Moreover, high-power density military batteries are replacing standard batteries in various types of military applications, like air defense systems and electronic warfare systems. Furthermore, the demand for unmanned aerial vehicles (UAVs) and man-portable devices are increasing for the requirement of for lightweight, high-capacity, long-duration batteries, resulting in a reduction in overall system size.
As per military battery market analysis, nickel-based segment is experiencing tremendous growth in recent years. Nickel-based batteries find application in military communication tools such radios and satellite phones. Their characteristics and capabilities enable them to deliver consistent power to field communication devices. Various portable military gear such as flashlights, night vision goggles, and also GPS devices are powered by nickel-based batteries. Such batteries can supply needed power for long periods of time in extreme conditions. The use of nickel-based batteries is rampant in the defense sector due to their affordability. Furthermore, these batteries are readily available in various kinds of off-the-shelf pack sizes with little concern for supply.
Global Military Battery Market Analysis by Type
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Military Battery Market Regional Insights
North America is dominating with the largest military battery market share. North America is at the forefront of technological developments in military batteries. There is an increasing trend of more emphasis on engineering batteries with better energy density and safety features as well as shorter recharge time frames. Furthermore, the development of lithium-ion and other advanced batteries is propelling these improvements. In North America, the military battery market is predominantly captured by the U.S. Various key trends provide a shape to the military battery market, its procurement strategies, and its technological advancement. The use of Portable and lightweight battery systems which enhances mobility and operational flexibility is the new focus of military forces. This is of particular interest for soldier-suitable devices, communication devices, and the UASs where weight minimization is critical without sacrificing power.
Over the course of the projected period, it is anticipated that the aerostat systems market in Asia Pacific would expand with the highest growth rate. This surge in defense expenditure is boosting the investments in advanced military technologies, such as batteries for improving operational capabilities. China has been actively modernizing its military forces, investing in advanced technologies, such as high-tech weaponry and equipment. This modernization needs dependable and high-performance batteries for supporting different kinds of military applications, like communication systems and unmanned vehicles. Moreover, India's current military modernization programs, like Make in India initiatives and efforts for improving indigenous defense production capabilities, are boosting demand for advanced military batteries. The purpose of the programs is to minimize dependency on foreign suppliers and strengthen domestic defense manufacturing.
Global Military Battery Market By Geography
- Largest
- Fastest
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Military Battery Market Dynamics
Drivers
Growing Demand for Lithium-Ion Battery
-
One of the major reasons for the growth of the global military battery market is the rising demand for lithium-ion batteries among end-users. Compared to alkaline and carbon-zinc batteries, lithium-based batteries demonstrate significantly lower weight and greater power density. In the military, rechargeable batteries, specifically lithium-ion batteries, come into use. This battery is employed in the military in numerous equipment, including radios, thermal imagers and cameras.
Growing Military Expenditure
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The increase in expenditure on military requirements is one of the noteworthy determinants of the market. Investments in the global military industry continue to grow significantly due to geopolitical tensions and security concerns. In 2023, the United States, China, India, Russia and Saudi Arabia were the five countries which spent around 60% of the total military expenditure which accounted for 2.3 percent of the total GDP of the world. China ranked second with a military budget of almost USD 296 billion, followed by Russia with USD 109 billion. The top position was maintained by the United States as the largest military spender, with a military expenditure of USD 196 billion in 2023.
Restraints
Growing Charging Problems with Rechargeable Batteries
-
A major restraint in the growth of the global military battery market is the issues with charging rechargeable military batteries, along with restrictions and safety concerns with lead-acid military batteries. Moreover, the design constraints with the military batteries have also become a major challenge to end-users and new entrants in the market. Improved battery management systems (BMS) are being developed creating a major threat to the global military battery market during the forecast period.
Necessity to Comply with Military Standards
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The necessity to comply with military standards is a key challenge affecting market growth. Military applications need reliable and safe energy storage solutions, such as batteries. This is for powering various defense systems, including ships, submarines, unmanned reconnaissance aircraft, and underwater robots. But the use of batteries in military equipment comes with certain challenges. Before utilizing batteries in military use, it is ensured that batteries go through a strict evaluation process. The first stage is to offer a safety data package (SDP) that describes the design of the battery and its use to the specific military authority.
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Military Battery Market Competitive Landscape
As with any industry, the competitive environment within the military battery industry includes all categories of companies, each with its own distinctive competitive advantages and capabilities. The market is characterized by continuous growth and development as well as strict requirements for military professionals. In this technologically advanced and specialized market, organizations are spending a lot of money on research and development in order to gain an edge over their rivals. The increased spending on defense worldwide gives these companies a solid base from which to meet the rising needs for advanced battery solutions which will assist the growth of the market during the forecast period. Additionally, companies have employed a number of various strategies to boost their participation in the market, these include, strategic alliances, partnerships, mergers and acquisitions, expansion of the geographical scope of operations, and launching of new products and services.
Top Players in Military Battery Market
- EnerSys
- BAE Systems PLC
- GS Yuasa International Ltd
- Total Energies
- Exide Technologies
- Ultralife Corporation
- Arotech Corporation
- Bren-Tronics
- EaglePicher Technologies
- BST Systems, Inc.
- Concorde
- Lincad
- Korea Special Battery Co., Ltd.
- Ecobat Battery Technologies
- Denchi Power
- Kokam
- Mathew Associates
- Navitas Systems
- Teledyne Technologies
- Cell-Con
- Leclanché SA
- Sterling PlanB Energy Solutions
- Sion Power
- Lifeline Batteries
Recent Developments
- In August 2023, Collins Aerospace, which is a subsidiary of RTX Corporation, signed a contract worth $24 million for the manufacture and supply of containerized electric generators to the US Army Anniston Depot in support of its Abrams M1A2 Main Battle Tank.
- In April 2023, EnerSys, the world’s largest manufacturer of stored energy systems for industrial use, purchased Industrial Battery and Charger Services Limited (IBCS), a major player in the battery servicing and maintenance industry in the UK. EnerSys’s acquisition is a strategic fit within the company as it allows the company to enhance its motive power services provision and solidify its foothold in the UK market.
- In January 2024, the second Typhon battery was introduced by the US army and utilized for the ground-based Typhon missile system at Joint Base Lewis-McChord in the state of Washington, U.S.
Military Battery Key Market Trends
- Growing Adoption of Military Drones: Growing adoption of military drones is the upcoming trend in the market. The utilization of unmanned aerial vehicles (UAVs) in military applications is experiencing significant growth because of their application in surveillance tasks. Many organizations are focusing on the development of batteries for both military and commercial UAVs. In military contexts, UAVs provide real-time imagery for battle damage assessment.
- Advancement in Material Science and Battery Technology: There have been major changes in the area of material science. In recent years, the energies required for batteries have increased. There is a huge discrepancy between the specific energies of lead-acid batteries (30 Wh/Kg) and lithium-ion batteries (205-220 Wh/kg). This has very quickly enhanced the development of batteries which are small, light in weight and more compact in size with large energy storage capacities.
Military Battery Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the military battery industry serves the power needs of a variety of defense applications, including aircraft, auxiliary power units, backup generators, communication equipment, and navigation systems. Military batteries are critical for ensuring the effectiveness of defense forces in emergencies and in times of power failure. The market consists of a vast range of battery types, like lead-acid batteries and lithium-ion batteries. The sector comprises various conventional batteries like lead-acid batteries and lithium batteries. All of them have excellent characteristics in power density, durability, and long-endurance capability. The military batteries must be of high-density and lightweight for using in power military vehicles, portable equipment, and communication systems. They should also follow standards and legal requirements authorizing adequate battery sources and efficient electricity sources. The defense sector for military batteries is huge, with various applications in ground vehicles, ships, submarines, unmanned reconnaissance aircraft, which propel the expansion of the market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.46 Billion |
| Market size value in 2032 | USD 2.32 Billion |
| Growth Rate | 16.1% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Military Battery Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Military Battery Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Military Battery Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Military Battery Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Military Battery Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Military Battery Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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