Military Battery Market Size, Share & Trends Analysis Report By Platform (Ground, Airborne, Marine), By Type (Non-Rechargeable, Rechargeable, Propulsion), By Composition, By Installation, By Region, And Segment Forecasts, 2024 - 2030
Military Battery Market Size, Share & Trends Analysis Report By Platform (Ground, Airborne, Marine), By Type (Non-Rechargeable, Rechargeable, Propulsion), By Composition, By Installation, By Region, And Segment Forecasts, 2024 - 2030
Military Battery Market Size & Trends
The global military battery market size was estimated USD 1,403.50 million in 2023 and is expected to grow at a CAGR of 4.11% from 2024 to 2030. Technological advancements in battery chemistry and design significantly impact the military battery market. Developments in lithium-ion, solid-state, and other advanced battery technologies provide higher energy densities, longer life cycles, and improved safety features. These improvements enhance the performance and reliability of military equipment, including drones, communication devices, and electric vehicles, making them more efficient and effective in various operational scenarios.
Rising defence budgets of various countries drive the demand for advanced military batteries. Governments are investing heavily in modernizing their armed forces, which includes procuring sophisticated electronic warfare systems, unmanned systems, and portable power solutions. This increase in military expenditure ensures a steady demand for high-performance batteries that can power a wide range of military applications, from handheld devices to large-scale weaponry.
Global Military Battery Market Segmentation
This report forecasts revenue growth and provides an analysis on the latest trends in each of the sub-segments from 2018 to 2030. For the purpose of this report, Grand View Research has segmented the global military battery market on the basis platform, type, composition, and installation.
Platform Outlook (Revenue, USD Million, 2018 - 2030)
Ground
Airborne
Marine
Type Outlook (Revenue, USD Million, 2018 - 2030)
Non-Rechargeable
Rechargeable
Propulsion
Non-Propulsion
Composition Outlook (Revenue, USD Million, 2018 - 2030)
Rotary Lithium-based
Lead acid
Nickel-based
Thermal
Others
Installation Outlook (Revenue, USD Million, 2018 - 2030)
OEM
Aftermarket
Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Russia
Spain
Italy
Asia Pacific
China
Japan
India
Australia
Central & South America
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
South Africa
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