LONDON–(BUSINESS WIRE)–Technavio has been monitoring the military battery market and it is poised to grow by USD 367.84 billion during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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This Report Addresses:

• The market size from 2020-2024
• Expected market growth until 2024
• Forecast of how market drivers, restraints, and future opportunities will affect the market dynamics
• Segments and regions that will drive or lead market growth and why
• Comprehensive mapping of the competitive landscape
• In-depth analysis of key sustainability strategies adopted by market players

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Frequently Asked Questions-

• Based on segmentation by technology, which is the leading segment in the market?

• The rechargeable batteries segment is expected to be the leading segment based on technology in the global market during the forecast period.

• What are the major trends in the market?

• Increasing adoption of battery recycling is one of the major trends in the market.

• At what rate is the market projected to grow?

• Growing at a CAGR of almost 4%, the incremental growth of the market is anticipated to be USD 367.84 billion.

• Who are the top players in the market?

• 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. are some of the major market participants.

• What are the key market drivers and challenges?

• Development of efficient battery technologies is one of the major factors driving the market. However, the necessity for adherence to military standards will restrain market growth.

• How big is the APAC market?

• The APAC region will contribute 38% of market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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. are some of the major market participants. The development of efficient battery technologies will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

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Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Military Battery Market 2020-2024: Segmentation

Military Battery Market is segmented as below:

• Technology
  • Rechargeable Batteries
  • Non-rechargeable Batteries
• Geography
  • North America
  • APAC
  • Europe
  • MEA
  • South America

Military Battery Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The military battery market report covers the following areas:

• Military Battery Market Size
• Military Battery Market Trends
• Military Battery Market Analysis

This study identifies increasing adoption of battery recycling as one of the prime reasons driving the military battery market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Military Battery Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist military battery market growth during the next five years
• Estimation of the military battery market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the military battery market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of military battery market vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019-2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Technology

• Market segments
• Comparison by Technology
• Rechargeable batteries – Market size and forecast 2019-2024
• Non-rechargeable batteries – Market size and forecast 2019-2024
• Market opportunity by Technology

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America – Market size and forecast 2019-2024
• APAC – Market size and forecast 2019-2024
• Europe – Market size and forecast 2019-2024
• MEA – Market size and forecast 2019-2024
• South America – Market size and forecast 2019-2024
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Arotech Corp.
• Bren-Tronics Inc.
• Denchi Power Ltd.
• EaglePicher Technologies LLC
• EnerSys
• GS Yuasa Corp.
• Kokam Co. Ltd.
• Teledyne Technologies Inc.
• Total SA
• Ultralife Corp.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

   

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