Empowering Communication: Military Batteries Market is Predicted to zoom past US$ 2.2 Billion at a CAGR of 4.7% by forecast 2033 | Future Market Insights, Inc.
The Military Batteries Market is a crucial sector that supplies advanced power solutions to armed forces worldwide. These batteries play a vital role in powering various military equipment, ranging from communication devices, night vision goggles, and drones to vehicles and artillery systems. As defense technology continues to evolve, the demand for more efficient, durable, and lightweight battery solutions is on the rise.
NEWARK, Del, July 23, 2023 (GLOBE NEWSWIRE) — According to Future Market Insights (FMI) latest report, the global Military Batteries Market value is forecast to rise from US$ 1.4 billion in 2023 to US$ 2.2 billion by 2033. Over the forecast period, global sales of Military Batteries are likely to soar at 4.7% CAGR. The target market is expected to create an absolute incremental opportunity of around US$ 0.805 billion through 2033.
Most of the military battery demand is expected to emerge from the land platform. This is due to rising adoption of land-based military equipment, such as land vehicles and missile systems that require batteries.
As per the latest analysis, the land platform segment is projected to thrive at a steady CAGR of 4.5% during the assessment period. Hence, it is likely to create lucrative revenue-generation opportunities for military battery manufacturers.
To find out more about the global Military Batteries Market, request your sample copy: https://www.futuremarketinsights.com/reports/sample/rep-gb-17686
The exponential growth of the military & defense sector coupled with the rising adoption of advanced military systems is expected to boost the global Military Batteries Market.
Military Batteries are used to power a wide range of military and defense systems and equipment. These batteries are specifically designed for military applications as they offer improved energy density, reduced weight, and longer lifespan.
Rising spending on military & defense systems by governments across the globe is expected to elevate demand for Military Batteries during the forecast period.
Similarly, the growing popularity of unmanned aerial vehicles (UAVs) and high adoption of lithium-ion batteries is likely to boost the target market.
Other factors that are anticipated fuel market expansion are the development of compact, lightweight, and high-power density batteries and the rising electrification of military & defense equipment.
Growing environmental concerns and fluctuation in fuel prices are prompting military and defense organizations to explore the potential of electric aircraft in military applications. This is expected to create a high demand for Military Batteries.
Key Takeaways from this Market Research Study:
- The global Military Batteries industry is predicted to cross a valuation of US$ 2.2 billion by 2033.
- By platform, land segment is poised to exhibit a CAGR of 4.5% during the assessment period.
- Based on capacity, below 12V segment is projected to thrive at 4.4% CAGR through 2033.
- The United States Military Batteries Market is forecast to attain a valuation of over US$ 0.371 billion by 2033.
- Military battery demand in Japan market is set to increase at 4.7% CAGR between 2023 and 2033.
- China Military Batteries industry is projected to cross a valuation of US$ 0.480 billion by 2033.
- The United Kingdom market is poised to exhibit a CAGR of 4.5% through 2033.
- Military battery sales in Korea are likely to soar at 4.3% CAGR during the forecast period.
Utilise regionally specific data to generate targeted insights. now and save up to 30%! Set Your Objectives Now:
https://www.futuremarketinsights.com/customization-available/rep-gb-17686
Competitive Landscape:
- Arotech Corporation
- Bren-Tronics, Inc.
- BST Systems, Inc.
- Cell-Con, Inc
- Concorde Battery Corporation
- Denchi Power Ltd.
- EaglePicher Technologies LLC
- EnerSys, Inc.
- Kokam Co., Ltd.
- Lincad Ltd
These key players are introducing new batteries for specific military applications to increase their revenues. They are also employing strategies such as acquisitions, mergers, agreements, partnerships, and facility expansions to stay ahead in the market.
Recent developments:
- In February 2021, Advent Technologies Holdings, Inc. announced the acquisition of UltraCell LLC, a leader in lightweight fuel technology.
- In August 2019, Saft introduced new Xcelion 6T Type 1-A batteries for military ground vehicles and other applications.
More Insights Available:
Future Market Insights (FMI), in its new offering, presents an unbiased analysis of the Military Batteries Market presenting historical data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study reveals market projections based on platform (land, marine, aviation), capacity (below 12V, 12 to 24V, and above 24V), type (rechargeable and non-rechargeable), end use (OEM and aftermarket), and region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa).
Get a Special Discount on the Analysis of Market Shares of the Major Players in the Military Batteries Sector and Make Knowledgeable Decisions: Purchase this Report Now! https://www.futuremarketinsights.com/checkout/17686
Market Segmentation:
By Platform:
- Land
- Marine
- Aviation
By Capacity:
- Below 12V
- 12 to 24V
- Above 24V
By Type:
- Rechargeable
- Non-Rechargeable
By End Use:
- OEM
- Aftermarket
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia and Pacific
- Middle East and Africa
Explore Future Market Insights, Inc. Extensive Coverage in Industrial Automation Domain:
Therapeutic Robots Market Size: The therapeutic robots market is expected to record a CAGR of 22.1% during the forecast period 2022 to 2032, up from US$ 529.8 Million in the year 2022 to reach a valuation of US$ 3901.83 Million by 2032.
RFID Kanban Systems Market Review: Future Market Insights (FMI) has projected the global RFID kanban systems market size to reach US$ 1.6 Billion in 2022. With a favorable demand outlook, sales are forecast to increase at an impressive 18.1% CAGR, reaching US$ 8.4 Billion by 2032.
Screw Air End Market Outlook: The screw air end market is projected to grow year-on-year in 3.4% in 2022, reaching a valuation of about US$ 4 Bn. With automation trends gaining traction, increasing adoption of oil-free screw air compressors is one of the key trends which is expected to drive sales in the market. Between 2022 and 2032.
Dispensing Robots Market Overview: The dispensing robots market is expected to record a CAGR of 13.8% during the forecast period 2022 to 2032, up from US$ 1.5 Billion in the year 2022 to reach a valuation of US$ 5.46 Billion by 2032.
Test and Measurement Equipment Market Key Trends: The global test and measurement equipment market is predicted to witness a moderate CAGR of 5.6% during the forecast period of 2022 to 2032.
Concrete Placing Booms Market Review: The global concrete placing booms market size is expected to reach US$ 4.1 Billion in 2022. The rapid expansion of the construction industry and rising urbanization are anticipated to drive the demand for concrete placing booms in future.
Lightning Arrester Market Share: The global lightning arrester market is expected to reach US$ 782.1 Million in 2022, at a CAGR of 6.5% to reach a valuation of US$ 1,466.7 Million by 2032.
Surge Arrester Market Analysis: The global surge arrester market reached US$ 1.5 Billion in 2021, registering Y-o-Y growth of 4.1%. Surge arrester sales are forecast to increase at a CAGR of 5.0% and are expected to top a valuation of US$ 2.6 Billion by 2032.
Dairy Machines Market Demand: The global dairy machines market is estimated to growth at a CAGR of around 6% to 7% during the forecast period 2022 to 2032.
Mining Hoses Market Sales: The mining hoses market is anticipated to have a steady CAGR of 6.7% during the period 2022 to 2032. The mining hoses market is predicted to grow from US$ 390.6 Million in 2022 to US$ 749.3 Million in 2032.
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
Contact Us:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn | Twitter | Blogs | YouTube
For Sales Enquiries: [email protected]
