Batteries in Aerospace and Defense (2024) - Thematic Research

Batteries in Aerospace and Defense (2024) - Thematic Research


In the coming decades, advancements in energy storage will play a critical role in the future of aerospace, defense, and security. The development of electric military vehicles, electric aircraft, electric vertical take-off and landing (eVTOL) aircraft, and other electronics will have a sizable impact on warfare. Moreover, the risks of a global battery shortage and a geopolitical battery arms race heighten the importance of early investment.

China’s control of the entire global supply chain, from mines and refiners to component markers and cell producers, is a mounting geopolitical issue. The US and Europe are taking significant steps to reduce the dependence on China within their battery supply chains by 2030.

Key Highlights
  • Studies of emerging technological trends and their broader impact on the defense market.
  • Analysis of the various batteries variants, designs and projects currently under development, as well as the impact that emerging technologies such as eVTOL, EVs, and solid-state batteries will have on the future outlook of the batteries theme.
Who Should Buy

Our thematic research product, supported by our thematic engine, is aimed at senior (C-Suite) executives in the corporate world, decision makers, and institutional investors.
Corporations: Helps CEOs, CTOs, and other senior executives of companies understand this key theme, the competitive environment, and the market opportunities.
Investors: Helps fund managers and other major investors focus on investment opportunities in Defense and understand the market around batteries

  • The key defense challenges that forces and defense sector suppliers face are covered.
  • The investment opportunities for armed forces, suppliers, and institutional investors, across the whole batteries value chain are covered.
  • Highlights from different batteries related research and development programs that are currently being undertaken by various military organizations and defense companies.
Reasons to Buy
  • Determine potential investment companies based on trend analysis and market projections.
  • Gaining an understanding of the market challenges and opportunities surrounding the batteries theme.
  • Understanding how spending on battery technologies and related segments will fit into the overall market and which spending areas are being prioritized.

Executive Summary
Technology Briefing
It is all about energy, and batteries store it
Batteries convert chemical energy into electrical energy
There are many different battery technologies
What happens after a battery is used up?
There are alternatives to batteries
Hydrogen fuel cells
Thermal energy storage systems
Batteries in electric aircraft
Batteries in eVTOL
Batteries in electric vehicles in defense
Technology trends
Macroeconomic trends
Regulatory trends
Industry Analysis
Market size and growth forecasts
Demand for Li-ion batteries is soaring
The industry needs to build a more sustainable supply chain
EV growth requires gigafactory investment
There are many challenges in the factory
The battery industry is likely to consolidate…
…increasing the risks of crowding out…
…and compounding raw material problems
Some players are turning to AI and quantum computing
Recycling is imperative
Different battery chemistries are taking off in different geographies
Advantages of electric vehicle batteries in defense
Challenges facing electric vehicle batteries in defense
The use of eVTOL batteries in defense
M&A trends
Patent trends
Hiring trends
Value Chain
Raw materials
Smelting and refining
Component makers
Battery technologies
End markets
End of life
Public companies
Private companies
Sector Scorecards
Defense sector scorecard
Who’s who
Thematic screen
Valuation screen
Risk screen
Further Reading
GlobalData reports
Our Thematic Research Methodology
About GlobalData
Contact Us
List of Tables
Table 1: Selection of battery technologies, the components, and the end markets
Table 2: Technology trends
Table 3: Macroeconomic trends
Table 4: Regulatory trends
Table 5: M&A transactions associated with the batteries theme and defense sector in the last five years
Table 6: Public companies
Table 7: Private companies
Table 8: Glossary
Table 9: GlobalData reports
List of Figures
Figure 1: Who are the leading players in the batteries theme, and where do they sit in the value chain?
Figure 2: Who are the leading players in battery technologies, and where do they sit in the market?
Figure 3: Electrons flow from the anode to the cathode during discharge
Figure 4: Advanced battery chemistries span the periodic table
Figure 5: The Li-ion battery market will grow to over $400 billion by 2035
Figure 6: EV battery gigafactory capacity development by country, 2022-2030
Figure 7: The batteries story
Figure 8: Batteries: value and volume of all deals involving defense companies, last five years
Figure 9: Batteries: Leading patent assignees in the defense sector (2021–2023)
Figure 10: Batteries: Authorities with the most patents in the defense sector, (January 2021–January 2024)
Figure 11: Batteries: Most active recruiters in the defense sector, (2023)
Figure 12: The batteries value chain
Figure 13: Batteries value chain: battery raw materials
Figure 14: Batteries value chain: smelting and refining
Figure 15: Batteries value chain: component makers
Figure 16: Batteries value chain: battery technologies
Figure 17: Batteries value chain: end markets
Figure 18: Batteries value chain: end of life
Figure 19: Who does what in the defense space?
Figure 20: Thematic screen
Figure 21: Valuation screen
Figure 22: Risk screen
Figure 23: Our five-step approach for generating a sector scorecard

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