Military Battery Market by Type (Rechargeable and Non-Rechargeable), Composition (Nickel Battery, Lithium Battery, Lead Acid Battery, and Others), End User (Naval Forces, Air Forces, and Ground Forces), Application (Propulsion Systems, Backup Power, Communication & Navigation Systems, Auxiliary Power Units, Fire Control Systems, Electro Optics & Thermal Imaging Systems, and Others), Power Density (Less than 100 Wh/Kg, 100-200 Wh/Kg, and More than 200 Wh/Kg), Energy Consumption (Less than 12 V, 12 -24 V, and More than 24 V): Global Market Size Estimates and Forecast (2019–2030)

Code: BMIRE00025799 | Pages: 100 | Industry: Aerospace and Defense | Date: Sep 2022 | Type: Global

The market was valued at US$ 1.73 billion in 2021 and is expected to hit US$ 2.56 billion by 2030, recording a CAGR of 4.6% during the forecast period.

The Increasing Military Electronics Penetration across Armed Forces has been Significantly Boosting the Market Growth.

The rise in adoption of electronic devices across the armed forces is one of the major factors generating the demand for batteries and power supplies in the military sector. Moreover, the growth in military UAVs and procurement of different types of aircraft by various armed forces is another major factor supporting the military battery market growth. This is further supported by the rising defense expenditure across different countries worldwide. Several countries are investing heavily in their military expenditure that supports the adoption of different types of technologies to strengthen their respective armed forces through acquisition of advanced warfare and communication technologies. These technologies run on power and requires continuous power supply to be operated during any mission or operation. Such need of backup power is propelling the demand for batteries across the military sector.

The rechargeable battery segment is expected to pace up the adoption of military battery globally. The constant demand for fast rechargeable batteries for immediate reuse application is driving the demand for rechargeable segment in the military battery market. Also, rechargeable batteries are more expensive compared to non-rechargeable battery for military applications, as these are used in main communication equipment for generating radio communications between the troops and the base, which is one of the major reasons behind the higher share of rechargeable batteries in the military sector. Rechargeable batteries are also used in military UAVs, thus, with the rise in manufacturing of military UAVs, the demand for batteries would surge. This is another factor expected to boslter the market growth through the rising procurement of UAV systems across the defense forces globally.

Within the report, the market is segmented into type, composition, end user, application, power density, energy consumption, and geography. By type, the market is further bifurcated into rechargeable and non-rechargeable. On the basis of composition, the market is segmented into nickel battery, lithium battery, lead acid battery, and others. By end user, the market is segmented into naval forces, air forces, and ground forces. Based on application, the market is segmented on propulsion systems, backup power, communication & navigation systems, auxiliary power units, fire control systems, electro optics & thermal imaging systems, and others. Based on power density, the market is segmented on the basis of less than 100 Wh/Kg, 100-200 Wh/Kg, and more than 200 Wh/Kg. Based on energy consumption, the market is segmented into less than 12 V, 12 -24 V, and more than 24 V. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

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Military Battery Market Report Scope & Strategic Developments:

Report CoverageDetails
Base Year:2021
Market Size in 2022:1.73 Billion (USD)
Forecast Period:2019 to 2030
Forecast Period 2022 to 2030 CAGR:4.60%
2030 Value Projection:2.56 billion (USD)
No. of Pages:100
Segments covered:Type, Composition, End User, Application, Power Density, Energy Consumption 


Military Wearables are a Far-Reaching Technology that Empowered the Growth of Futuristic Innovations.

The growing dependence on smart/advanced wearable technologies among the different defense forces is one of the major factors expected to generate huge opportunities for market vendors during the forecast period. Moreover, several armed forces are focusing to procure wearable battery technologies for better battlefield support for their armed forces. As the demand for smart wearables across the military sector is burgeoning rapidly, the demand for batteries also grows simultaneously, as it is required to recharge the military electronic equipment. Further, the ongoing research & development of exoskeleton technologies for military forces is also likely to generate huge opportunities for market vendors during the forecast period. Exoskeleton suits require continuous power to operate for longer duration during any mission. Several defense forces, governments, and companies are collaboratively working to develop the desired technology for future applications in the military forces. For instance, in May 2021, the US Army awarded a contract worth US$ 1.25 billion to four different companies for nine years including Bren-Tronics, Inventus Power, Navitas Systems, and Ultralife Corp. for the supply of wearable batteries. Such instances are expected to catalyze the market growth during the forecast period.

Growing Fleet of Combat/ISR Aircraft, Naval Fleet, and Military Vehicles is Another Major Factor Accelerating the Market Growth.

The increasing procurement of different types of military aircraft such as combat aircraft, ISR aircraft, military helicopters across different military forces is one of the major factors propelling the growth of military battery market globally. Several countries are procuring military aircraft in large quantities which is supporting the deployment of batteries across the military sector. The advancements in the military aircraft technologies such as rising electrification of aircraft models requires a regular high-power source for its operations. Such instances are propelling the military battery market growth.

The growing adoption of military vehicles across various armed forces is another key influential factor in the military battery market. Further, the introduction of battery electric military vehicles for more efficient operations is supporting the battery market growth for military vehicle category. Several governments are collaborating with different vendors to procure and test the operational usage of battery-operated electric military vehicles for future use and deployment of the vehicle into their respective forces. For instance, in July 2022, the US Army selected GM Defense company (a subsidiary of General Motors) to provide a battery electric vehicle called GMC HUMMER EV for analysis and demonstration in the military applications. Such initiatives are likely to generate huge opportunities for military battery market vendors during the forecast period.

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Recent Strategic Developments in Military Battery Market

The military battery market has undergone several significant developments, and a few of these have been mentioned below:

  • In July 2022, Epsilor won several contracts worth more than US$ 5 million to provide thousands of Li-ion batteries and hundreds of battery chargers for several international unmanned aerial systems (UAS) programs.
  • In June 2022, the US Army awarded a contract to Lockheed Martin Corporation to build a high-capacity long duration energy storage system for the US DoD wherein the company will install its redox flow battery for renewable energy power storage system.
  • In January 2022, Philippines finalized a deal to acquire a shore-based anti-ship missile system from India for nearly US$ 375 million wherein BrahMos Aerospace Private Ltd is also involved to supply 3 batteries for the systems.

The military battery market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Arotech Corporation, BREN-TRONICS INC., BST Systems Inc., Concorde Battery, Denchi Group Ltd., EaglePicher Technologies, ENERSYS, Kokam, Saft Groupe SAS, and Teledyne Technologies Inc. are among the prominent players operating in the market.

Target audience for the report:

  • Component providers
  • UAV battery manufacturers
  • Armored vehicle battery manufacturers
  • Combat aircraft battery manufacturers
  • Military helicopter battery manufacturers
  • Military communication system battery manufacturers
  • Naval power supply companies
  • Ground forces battery companies
  • Propulsion systems manufacturers
  • Commercial and Military aviation related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type:
    • Rechargeable
    • Non-Rechargeable
  • Composition
    • Nickel Battery
    • Lithium Battery
    • Lead Acid Battery
    • Others
  • End User
    • Naval Force
    • Air Force
    • Ground Force
  • Application
    • Propulsion Systems
    • Backup Power
    • Communication & Navigation Systems
    • Auxiliary Power Units
    • Fire Control Systems
    • Electro Optics & Thermal Imaging Systems
    • Others
  • Power Density
    • Less than 100 Wh/Kg
    • 100-200 Wh/Kg
    • More than 200 Wh/Kg
  • Energy Consumption
    • Less than 12 V
    • 12 -24 V
    • More than 24 V
  • Region
    • North America
      • US
      • Canada
      • Mexico
    • Europe
    • Asia Pacific (APAC)
    • Middle East & Africa
    • South America
  • Companies profiled
    • Arotech Corporation
    • BST Systems, Inc.
    • Concorde Battery
    • Denchi Group Ltd
    • EaglePicher Technologies
    • Kokam
    • Saft Groupe SAS
    • Teledyne Technologies Incorporated
  • Arotech Corporation
  • BST Systems, Inc.
  • Concorde Battery
  • Denchi Group Ltd
  • EaglePicher Technologies
  • Kokam
  • Saft Groupe SAS
  • Teledyne Technologies Incorporated
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