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3. EnerSys (US) and Arotech Corporation (US) are the Key Players in the Military Battery Market

Military batteries are used to power various types of electronic equipment used by military forces across different platforms such as aircraft, vehicles, soldiers, operating bases, ships, submarines, and unmanned vehicles. These batteries are also used as an emergency backup in conditions wherein electricity sources may fail. 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. 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.

EnerSys (US), Arotech Corporation (US), EaglePicher Technologies (US), Bren-Tronics, Inc. (US), and Saft Groupe (France), among others, are some of the key players operating in the military battery market. These market players are focused on the adoption of the new product launch strategy to expand their product portfolio in the military battery market. Other strategies taken up by companies is supply contracts which help them gain market share in the military battery market. Core competencies of these players include wide regional presence and increased investments in R&D activities.

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Saft is a pioneer in manufacturing military batteries and has been in the military battery market for more than 100 years. The company is focused on developing future technological products and custom battery solutions for high-demand applications. For instance, in May 2018, Saft developed 4 Xcelion 6T-E lithium battery primarily designed for military vehicles. The company has its presence in 49 nations and a wide sales and distribution network. It is striving to achieve profitable growth in the future by concentrating on improving operational excellence. The US Defense Logistics Agency (DLA) is a key customer of the company.

EnerSys (US) is a leading provider of stored energy solutions. The company offers a wide range of military batteries with applications in aircraft & helicopters; combat, tactical & unmanned ground vehicles (UGVs); directed energy weapons; microgrids & forward operating bases (FOB); missiles & smart weapons; submarines & unmanned underwater vehicles (UUVs); and torpedoes. In March 2017, EnerSys received a long-term contract worth USD 71 million from the US Defense Logistics Agency (DLA) to supply thin plate pure lead (TPPL) Hawker ARMASAFE Plus batteries for combat and tactical vehicles.

Arotech Corporation (US) accounts for a major share of the military battery market. The company supplies batteries and chargers, advanced power supplies, and multimedia interactive simulators for the defense and security sectors. It offers mobile electric hybrid power system (MEHPS) portable solutions to its customers. In May 2018, Epsilor-Electric Fuel Ltd., a subsidiary of Arotech Corporation, received a contract from Harris Corporation to supply rechargeable batteries for its Falcon PRC-152 handheld and PRC-117 manpack radios for a Southeast Asian customer.

Related Reports:

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

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