Military Battery Market worth 3.17 billion USD by 2023

1. Military Battery Market Expected to Reach $3.17 Billion by 2023, at a CAGR of 5.57% from 2017 to 2023 - Exclusive Report by MarketsandMarkets The report "Military Battery Market by Platform (Aviation, Land, Marine, Space, Munition), End User (OEM, Aftermarket), Type (Rechargeable, Non-Rechargeable), Offering, Power Density, Energy Consumption, Application, Composition, and Region - Global Forecast to 2023", The military battery market is estimated to be USD 2.42 billion in 2018 and is projected to reach USD 3.17 billion by 2023, at a CAGR of 5.57% from 2018 to 2023. Increasing modernization among armies to replace technologically obsolete armaments and increasing use of unmanned vehicles are driving the growth of the market. The growth of the military battery market can be attributed to the various army modernization programs and rising demand for unmanned vehicles in militaries across the world. Ask for Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=135165088 Browse 71 market data Tables and 46 Figures spread through 150 Pages and in- depth TOC on "Military Battery Market" https://www.marketsandmarkets.com/Market-Reports/military-battery-market- 135165088.html Early buyers will receive 10% customization on this report. The product offering segment is projected to grow at the highest CAGR during the forecast period. Based on offering, the product segment of the military battery market is projected to grow at a higher CAGR from 2018 to 2023. The increasing defense procurements in countries such as China, India, are expected to fuel this segment’s growth.

2. The 100 Wh/Kg segment is projected to grow at the highest CAGR during the forecast period. Based on power density, the 100 Wh/Kg segment of the military battery market is projected to witness the highest growth during the forecast period. This growth can be attributed to the increasing demand for military vehicles among armies across the world. The land platform segment is projected to grow at the highest CAGR during the forecast period. Based on offering, the land segment of the military battery market is projected to grow at the highest CAGR from 2018 to 2023. The increasing defense procurements for army modernizations and procurement of technologically-advanced combat vehicles such as UGVs will drive the land segment. Asia Pacific is projected to be the fastest-growing market for military battery during the forecast period. The military battery market in Asia Pacific is projected to grow at the highest CAGR during the forecast period. The growth of the military battery market in Asia Pacific can be attributed to factors such as increasing modernization to replace obsolete weapons, aircraft, and ground vehicles. Key Market Players Major players operating in the Military Battery Market include EnerSys (US), Arotech Corporation (US), EaglePicher Technologies (US), Bren-Tronics, Inc. (US), and Saft Groupe (France), among others. Don’t miss out on business opportunities in Military Battery Market. Speak to our analyst and gain crucial industry insights that will help your business grow. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies

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