Global Military Battery Market 2020-2024
Technavio has been monitoring the military battery market and it is poised to grow by $ 367.84 bn during 2020-2024 progressing at a CAGR of 4% during the forecast period. Our reports on military battery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing military spending, growing use of batteries for backup power, and development of efficient battery technologies. In addition, increasing military spending is anticipated to boost the growth of the market as well.
The military battery market analysis includes technology segment and geographic landscapes
Technavio's military battery market is segmented as below:
- Rechargeable batteries
- Non-rechargeable batteries
By Geographic Landscapes
- North America
- South America
This study identifies the increasing adoption of battery recycling as one of the prime reasons driving the military battery market growth during the next few years. Also, advent of wearable devices for military operations and growing adoption of military drones will lead to sizable demand in the market.
"Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our military battery market covers the following areas:
- Military battery market sizing
- Military battery market forecast
- Military battery market industry analysis"
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading military battery market vendors that include Arotech Corp., Bren-Tronics Inc., Denchi Power Ltd., EaglePicher Technologies LLC, EnerSys, GS Yuasa Corp., Kokam Co. Ltd., Teledyne Technologies Inc., Total SA, and Ultralife Corp.. Also, the military battery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.