According to the report by Expert Market Research (EMR), the global military battery market size is projected to grow at a CAGR of 4.8% between 2024 and 2032. Aided by rising application in emerging sectors such as renewable energy systems and rapid industrialisation, the market is expected to grow significantly by 2032.
Military battery vehicles are essential components of modern armed forces. These vehicles, powered either partially or entirely by electric batteries, range from small, unmanned ground vehicles (UGVs) to full-scale trucks and transport vehicles. As sustainability becomes a growing concern even in defence circles, these vehicles are seen as a crucial part of a more efficient and environmentally responsible military strategy.
Rapid innovations in battery technology, including increased energy density and faster charging capabilities, have made electric and hybrid vehicles more practical for military applications. Advanced batteries can now meet the demanding performance requirements of military operations.
Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/military-battery-market/requestsample
There is a growing recognetition globally of the need for cleaner and more sustainable options in all sectors, including defence, propelling the military battery market growth. Battery vehicles produce zero emissions at the point of use, which is a significant advantage in an increasingly eco-conscious world.
Electric vehicles can be powered by domestically produced electricity, reducing dependence on potentially volatile foreign oil markets. For military planners, this is a major strategic advantage, ensuring consistent access to energy resources.
North America, led by the United States, is expected to continue holding a large military battery market share due to high defence budgets and a focus on modernising military equipment. Asia Pacific, with increasing defence budgets in countries like China and India, is anticipated to witness substantial growth.
The ongoing research into new battery technologies, such as solid-state batteries, promises to continue improving the range and performance of electric vehicles, making them increasingly viable for military use. Moreover, as renewable energy becomes more widespread, the strategic case for electric military vehicles will strengthen.
Emerging military battery market trends also include the integration of artificial intelligence in military battery vehicles, which may play a crucial role in unmanned and autonomous military vehicle operations.
The global military battery vehicles market outlook is set for robust growth in the coming years, driven by technological advancements, energy security considerations, environmental concerns, and the strategic advantages offered by these vehicles.
Military Battery Market Segmentation
The market can be divided based on type, composition, platform, voltage, application, and region.
Market Breakup by Type
- Rechargeable
- Non-Rechargeable
Market Breakup by Composition
- Lithium Based
- Lead Acid Based
- Nickel Based
- Others
Market Breakup by Platform
- Air
- Ground
- Marine
Market Breakup by Voltage
- Less than 12V
- 12 to 24V
- More than 24V
Market Breakup by Application
- Communication and Navigation Systems
- Fire Control Systems and Ammunition
- Thermal Imaging and Surveillance
- Propulsion Systems
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/military-battery-market
Competitive Landscape of Military Battery Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global military battery market. Some of the major players explored in the report by Expert Market Research are as follows:
- 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
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analysis provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.
Don’t miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.
Media Contact:
Company Name: Claight Corporation
Contact Person: Tom Anderson, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
