Military Battery Market Size - Growth, Share by 2031
The Military Battery Market is expected to register a CAGR of 4.5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Battery Type (Lithium-Based, Lead Acid, Nickel-Based, Thermal-Based, Others); Charge Type (Chargable, Non-Chargable); Voltage Type (Less than 12V, 12-24V, More than 24V); Platform [Ground(Vehicles, Ground Stations, Soldiers), Airborne (Combat and Surveillance Aircraft, Transport Aicraft, Helicopters, UAVs), Marine (Combat Vessels, Submarines, Patrol Vessels)]. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Military Battery Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Military Battery Market Segmentation
Battery Type- Lithium-Based
- Lead Acid
- Nickel-Based
- Thermal-Based
- Others
- Chargable
- Non-Chargable
- Less than 12V
- 12-24V
- More than 24V
- Vehicles
- Ground Stations
- Soldiers
- Airborne
- Vehicles
- Ground Stations
- Soldiers
- Airborne
Strategic Insights
Military Battery Market Growth Drivers- Increasing Adoption of Ground Vehicles: The growing procurements of different types of ground vehicles into armed forces is pushing the adoption of lead acid and lithium batteries through armored vehicles.
- Demand for Soldier Battery: The increasing deployment of compact electronics into soldier systems is propelling the adoption of military batteries for soldier appllications.
- Rising Electrification of Military Equipment: The shift from analog devices to digital/electronic devices among various military applications is pushing the growth of military battery market across different regions.
- Development of Lightweight Batteries for Compact Applications: The development of lightweight small sized batteries for specific military applications such as soldier mounted devices and small sized military drones is another major trend pushing the growth for military battery market.
- Increasing Military Spending Globally: The rising military expenditure across different regions is one of the major factors propelling the procurement of military electronics and thereby generating new opportunities for military battery market vendors operating across different countries.
- Adoption of Solar Batteries: The rising adoption of solar batteries for military electronic systems is another major factor likely to generate new opportunities for market vendors in the coming years.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Military Battery Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Military Battery Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Military Battery Market is estimated to witness a CAGR of 4.5% from 2023 to 2031
The major factors driving the military battery market are:
1. Increasing Adoption of Ground Vehicles
2. Demand for Soldier Battery
Some of the major trends driving the military battery market are:
1. Rising Electrification of Military Equipment
2. Development of Lightweight Batteries for Compact Applications
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Military Battery Market - By Type
1.3.2 Military Battery Market - By Composition
1.3.3 Military Battery Market - By End User
1.3.4 Military Battery Market - By Application
1.3.5 Military Battery Market - By Power Density
1.3.6 Military Battery Market - By Energy Consumption
1.3.7 Military Battery Market - By Region
1.3.7.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MILITARY BATTERY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. MILITARY BATTERY MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. MILITARY BATTERY MARKET - GLOBAL MARKET ANALYSIS
6.1. MILITARY BATTERY - GLOBAL MARKET OVERVIEW
6.2. MILITARY BATTERY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MILITARY BATTERY MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. RECHARGEABLE
7.3.1. Overview
7.3.2. Rechargeable Market Forecast and Analysis
7.4. NON-RECHARGEABLE
7.4.1. Overview
7.4.2. Non-Rechargeable Market Forecast and Analysis
8. MILITARY BATTERY MARKET - REVENUE AND FORECASTS TO 2028 - COMPOSITION
8.1. OVERVIEW
8.2. COMPOSITION MARKET FORECASTS AND ANALYSIS
8.3. NICKEL BATTERY
8.3.1. Overview
8.3.2. Nickel Battery Market Forecast and Analysis
8.4. LITHIUM BATTERY
8.4.1. Overview
8.4.2. Lithium Battery Market Forecast and Analysis
8.5. LEAD ACID BATTERY
8.5.1. Overview
8.5.2. Lead Acid Battery Market Forecast and Analysis
8.6. THERMAL BATTERY
8.6.1. Overview
8.6.2. Thermal Battery Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. MILITARY BATTERY MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. NAVY
9.3.1. Overview
9.3.2. Navy Market Forecast and Analysis
9.4. AIR FORCE
9.4.1. Overview
9.4.2. Air Force Market Forecast and Analysis
9.5. GROUND FORCE
9.5.1. Overview
9.5.2. Ground Force Market Forecast and Analysis
10. MILITARY BATTERY MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. PROPULSION SYSTEMS
10.3.1. Overview
10.3.2. Propulsion Systems Market Forecast and Analysis
10.4. BACKUP POWER
10.4.1. Overview
10.4.2. Backup Power Market Forecast and Analysis
10.5. COMMUNICATION AND NAVIGATION SYSTEMS
10.5.1. Overview
10.5.2. Communication and Navigation Systems Market Forecast and Analysis
10.6. AUXILIARY POWER UNITS (APU)
10.6.1. Overview
10.6.2. Auxiliary Power Units (APU) Market Forecast and Analysis
10.7. FIRE CONTROL SYSTEMS
10.7.1. Overview
10.7.2. Fire Control Systems Market Forecast and Analysis
10.8. ELECTRO OPTICS AND THERMAL IMAGING SYSTEMS
10.8.1. Overview
10.8.2. Electro Optics and Thermal Imaging Systems Market Forecast and Analysis
10.9. IGNITION SYSTEMS
10.9.1. Overview
10.9.2. Ignition Systems Market Forecast and Analysis
10.10. OTHERS
10.10.1. Overview
10.10.2. Others Market Forecast and Analysis
11. MILITARY BATTERY MARKET - REVENUE AND FORECASTS TO 2028 - POWER DENSITY
11.1. OVERVIEW
11.2. POWER DENSITY MARKET FORECASTS AND ANALYSIS
11.3. LESS THAN 100 WH/KG
11.3.1. Overview
11.3.2. Less than 100 Wh/Kg Market Forecast and Analysis
11.4. 100-200 WH/KG
11.4.1. Overview
11.4.2. 100-200 Wh/Kg Market Forecast and Analysis
11.5. MORE THAN 200 WH/KG
11.5.1. Overview
11.5.2. More than 200 Wh/Kg Market Forecast and Analysis
12. MILITARY BATTERY MARKET - REVENUE AND FORECASTS TO 2028 - ENERGY CONSUMPTION
12.1. OVERVIEW
12.2. ENERGY CONSUMPTION MARKET FORECASTS AND ANALYSIS
12.3. LESS THAN 12 V
12.3.1. Overview
12.3.2. Less than 12 V Market Forecast and Analysis
12.4. 12 -24 V
12.4.1. Overview
12.4.2. 12 -24 V Market Forecast and Analysis
12.5. MORE THAN 24 V
12.5.1. Overview
12.5.2. More than 24 V Market Forecast and Analysis
13. MILITARY BATTERY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
13.1. NORTH AMERICA
13.1.1 North America Military Battery Market Overview
13.1.2 North America Military Battery Market Forecasts and Analysis
13.1.3 North America Military Battery Market Forecasts and Analysis - By Type
13.1.4 North America Military Battery Market Forecasts and Analysis - By Composition
13.1.5 North America Military Battery Market Forecasts and Analysis - By End User
13.1.6 North America Military Battery Market Forecasts and Analysis - By Application
13.1.7 North America Military Battery Market Forecasts and Analysis - By Power Density
13.1.8 North America Military Battery Market Forecasts and Analysis - By Energy Consumption
13.1.9 North America Military Battery Market Forecasts and Analysis - By Countries
13.1.9.1 United States Military Battery Market
13.1.9.1.1 United States Military Battery Market by Type
13.1.9.1.2 United States Military Battery Market by Composition
13.1.9.1.3 United States Military Battery Market by End User
13.1.9.1.4 United States Military Battery Market by Application
13.1.9.1.5 United States Military Battery Market by Power Density
13.1.9.1.6 United States Military Battery Market by Energy Consumption
13.1.9.2 Canada Military Battery Market
13.1.9.2.1 Canada Military Battery Market by Type
13.1.9.2.2 Canada Military Battery Market by Composition
13.1.9.2.3 Canada Military Battery Market by End User
13.1.9.2.4 Canada Military Battery Market by Application
13.1.9.2.5 Canada Military Battery Market by Power Density
13.1.9.2.6 Canada Military Battery Market by Energy Consumption
13.1.9.3 Mexico Military Battery Market
13.1.9.3.1 Mexico Military Battery Market by Type
13.1.9.3.2 Mexico Military Battery Market by Composition
13.1.9.3.3 Mexico Military Battery Market by End User
13.1.9.3.4 Mexico Military Battery Market by Application
13.1.9.3.5 Mexico Military Battery Market by Power Density
13.1.9.3.6 Mexico Military Battery Market by Energy Consumption
13.2. EUROPE
13.2.1 Europe Military Battery Market Overview
13.2.2 Europe Military Battery Market Forecasts and Analysis
13.2.3 Europe Military Battery Market Forecasts and Analysis - By Type
13.2.4 Europe Military Battery Market Forecasts and Analysis - By Composition
13.2.5 Europe Military Battery Market Forecasts and Analysis - By End User
13.2.6 Europe Military Battery Market Forecasts and Analysis - By Application
13.2.7 Europe Military Battery Market Forecasts and Analysis - By Power Density
13.2.8 Europe Military Battery Market Forecasts and Analysis - By Energy Consumption
13.2.9 Europe Military Battery Market Forecasts and Analysis - By Countries
13.2.9.1 Germany Military Battery Market
13.2.9.1.1 Germany Military Battery Market by Type
13.2.9.1.2 Germany Military Battery Market by Composition
13.2.9.1.3 Germany Military Battery Market by End User
13.2.9.1.4 Germany Military Battery Market by Application
13.2.9.1.5 Germany Military Battery Market by Power Density
13.2.9.1.6 Germany Military Battery Market by Energy Consumption
13.2.9.2 France Military Battery Market
13.2.9.2.1 France Military Battery Market by Type
13.2.9.2.2 France Military Battery Market by Composition
13.2.9.2.3 France Military Battery Market by End User
13.2.9.2.4 France Military Battery Market by Application
13.2.9.2.5 France Military Battery Market by Power Density
13.2.9.2.6 France Military Battery Market by Energy Consumption
13.2.9.3 Italy Military Battery Market
13.2.9.3.1 Italy Military Battery Market by Type
13.2.9.3.2 Italy Military Battery Market by Composition
13.2.9.3.3 Italy Military Battery Market by End User
13.2.9.3.4 Italy Military Battery Market by Application
13.2.9.3.5 Italy Military Battery Market by Power Density
13.2.9.3.6 Italy Military Battery Market by Energy Consumption
13.2.9.4 United Kingdom Military Battery Market
13.2.9.4.1 United Kingdom Military Battery Market by Type
13.2.9.4.2 United Kingdom Military Battery Market by Composition
13.2.9.4.3 United Kingdom Military Battery Market by End User
13.2.9.4.4 United Kingdom Military Battery Market by Application
13.2.9.4.5 United Kingdom Military Battery Market by Power Density
13.2.9.4.6 United Kingdom Military Battery Market by Energy Consumption
13.2.9.5 Russia Military Battery Market
13.2.9.5.1 Russia Military Battery Market by Type
13.2.9.5.2 Russia Military Battery Market by Composition
13.2.9.5.3 Russia Military Battery Market by End User
13.2.9.5.4 Russia Military Battery Market by Application
13.2.9.5.5 Russia Military Battery Market by Power Density
13.2.9.5.6 Russia Military Battery Market by Energy Consumption
13.2.9.6 Rest of Europe Military Battery Market
13.2.9.6.1 Rest of Europe Military Battery Market by Type
13.2.9.6.2 Rest of Europe Military Battery Market by Composition
13.2.9.6.3 Rest of Europe Military Battery Market by End User
13.2.9.6.4 Rest of Europe Military Battery Market by Application
13.2.9.6.5 Rest of Europe Military Battery Market by Power Density
13.2.9.6.6 Rest of Europe Military Battery Market by Energy Consumption
13.3. ASIA-PACIFIC
13.3.1 Asia-Pacific Military Battery Market Overview
13.3.2 Asia-Pacific Military Battery Market Forecasts and Analysis
13.3.3 Asia-Pacific Military Battery Market Forecasts and Analysis - By Type
13.3.4 Asia-Pacific Military Battery Market Forecasts and Analysis - By Composition
13.3.5 Asia-Pacific Military Battery Market Forecasts and Analysis - By End User
13.3.6 Asia-Pacific Military Battery Market Forecasts and Analysis - By Application
13.3.7 Asia-Pacific Military Battery Market Forecasts and Analysis - By Power Density
13.3.8 Asia-Pacific Military Battery Market Forecasts and Analysis - By Energy Consumption
13.3.9 Asia-Pacific Military Battery Market Forecasts and Analysis - By Countries
13.3.9.1 Australia Military Battery Market
13.3.9.1.1 Australia Military Battery Market by Type
13.3.9.1.2 Australia Military Battery Market by Composition
13.3.9.1.3 Australia Military Battery Market by End User
13.3.9.1.4 Australia Military Battery Market by Application
13.3.9.1.5 Australia Military Battery Market by Power Density
13.3.9.1.6 Australia Military Battery Market by Energy Consumption
13.3.9.2 China Military Battery Market
13.3.9.2.1 China Military Battery Market by Type
13.3.9.2.2 China Military Battery Market by Composition
13.3.9.2.3 China Military Battery Market by End User
13.3.9.2.4 China Military Battery Market by Application
13.3.9.2.5 China Military Battery Market by Power Density
13.3.9.2.6 China Military Battery Market by Energy Consumption
13.3.9.3 India Military Battery Market
13.3.9.3.1 India Military Battery Market by Type
13.3.9.3.2 India Military Battery Market by Composition
13.3.9.3.3 India Military Battery Market by End User
13.3.9.3.4 India Military Battery Market by Application
13.3.9.3.5 India Military Battery Market by Power Density
13.3.9.3.6 India Military Battery Market by Energy Consumption
13.3.9.4 Japan Military Battery Market
13.3.9.4.1 Japan Military Battery Market by Type
13.3.9.4.2 Japan Military Battery Market by Composition
13.3.9.4.3 Japan Military Battery Market by End User
13.3.9.4.4 Japan Military Battery Market by Application
13.3.9.4.5 Japan Military Battery Market by Power Density
13.3.9.4.6 Japan Military Battery Market by Energy Consumption
13.3.9.5 South Korea Military Battery Market
13.3.9.5.1 South Korea Military Battery Market by Type
13.3.9.5.2 South Korea Military Battery Market by Composition
13.3.9.5.3 South Korea Military Battery Market by End User
13.3.9.5.4 South Korea Military Battery Market by Application
13.3.9.5.5 South Korea Military Battery Market by Power Density
13.3.9.5.6 South Korea Military Battery Market by Energy Consumption
13.3.9.6 Rest of Asia-Pacific Military Battery Market
13.3.9.6.1 Rest of Asia-Pacific Military Battery Market by Type
13.3.9.6.2 Rest of Asia-Pacific Military Battery Market by Composition
13.3.9.6.3 Rest of Asia-Pacific Military Battery Market by End User
13.3.9.6.4 Rest of Asia-Pacific Military Battery Market by Application
13.3.9.6.5 Rest of Asia-Pacific Military Battery Market by Power Density
13.3.9.6.6 Rest of Asia-Pacific Military Battery Market by Energy Consumption
13.4. MIDDLE EAST AND AFRICA
13.4.1 Middle East and Africa Military Battery Market Overview
13.4.2 Middle East and Africa Military Battery Market Forecasts and Analysis
13.4.3 Middle East and Africa Military Battery Market Forecasts and Analysis - By Type
13.4.4 Middle East and Africa Military Battery Market Forecasts and Analysis - By Composition
13.4.5 Middle East and Africa Military Battery Market Forecasts and Analysis - By End User
13.4.6 Middle East and Africa Military Battery Market Forecasts and Analysis - By Application
13.4.7 Middle East and Africa Military Battery Market Forecasts and Analysis - By Power Density
13.4.8 Middle East and Africa Military Battery Market Forecasts and Analysis - By Energy Consumption
13.4.9 Middle East and Africa Military Battery Market Forecasts and Analysis - By Countries
13.4.9.1 South Africa Military Battery Market
13.4.9.1.1 South Africa Military Battery Market by Type
13.4.9.1.2 South Africa Military Battery Market by Composition
13.4.9.1.3 South Africa Military Battery Market by End User
13.4.9.1.4 South Africa Military Battery Market by Application
13.4.9.1.5 South Africa Military Battery Market by Power Density
13.4.9.1.6 South Africa Military Battery Market by Energy Consumption
13.4.9.2 Saudi Arabia Military Battery Market
13.4.9.2.1 Saudi Arabia Military Battery Market by Type
13.4.9.2.2 Saudi Arabia Military Battery Market by Composition
13.4.9.2.3 Saudi Arabia Military Battery Market by End User
13.4.9.2.4 Saudi Arabia Military Battery Market by Application
13.4.9.2.5 Saudi Arabia Military Battery Market by Power Density
13.4.9.2.6 Saudi Arabia Military Battery Market by Energy Consumption
13.4.9.3 U.A.E Military Battery Market
13.4.9.3.1 U.A.E Military Battery Market by Type
13.4.9.3.2 U.A.E Military Battery Market by Composition
13.4.9.3.3 U.A.E Military Battery Market by End User
13.4.9.3.4 U.A.E Military Battery Market by Application
13.4.9.3.5 U.A.E Military Battery Market by Power Density
13.4.9.3.6 U.A.E Military Battery Market by Energy Consumption
13.4.9.4 Rest of Middle East and Africa Military Battery Market
13.4.9.4.1 Rest of Middle East and Africa Military Battery Market by Type
13.4.9.4.2 Rest of Middle East and Africa Military Battery Market by Composition
13.4.9.4.3 Rest of Middle East and Africa Military Battery Market by End User
13.4.9.4.4 Rest of Middle East and Africa Military Battery Market by Application
13.4.9.4.5 Rest of Middle East and Africa Military Battery Market by Power Density
13.4.9.4.6 Rest of Middle East and Africa Military Battery Market by Energy Consumption
13.5. SOUTH AND CENTRAL AMERICA
13.5.1 South and Central America Military Battery Market Overview
13.5.2 South and Central America Military Battery Market Forecasts and Analysis
13.5.3 South and Central America Military Battery Market Forecasts and Analysis - By Type
13.5.4 South and Central America Military Battery Market Forecasts and Analysis - By Composition
13.5.5 South and Central America Military Battery Market Forecasts and Analysis - By End User
13.5.6 South and Central America Military Battery Market Forecasts and Analysis - By Application
13.5.7 South and Central America Military Battery Market Forecasts and Analysis - By Power Density
13.5.8 South and Central America Military Battery Market Forecasts and Analysis - By Energy Consumption
13.5.9 South and Central America Military Battery Market Forecasts and Analysis - By Countries
13.5.9.1 Brazil Military Battery Market
13.5.9.1.1 Brazil Military Battery Market by Type
13.5.9.1.2 Brazil Military Battery Market by Composition
13.5.9.1.3 Brazil Military Battery Market by End User
13.5.9.1.4 Brazil Military Battery Market by Application
13.5.9.1.5 Brazil Military Battery Market by Power Density
13.5.9.1.6 Brazil Military Battery Market by Energy Consumption
13.5.9.2 Argentina Military Battery Market
13.5.9.2.1 Argentina Military Battery Market by Type
13.5.9.2.2 Argentina Military Battery Market by Composition
13.5.9.2.3 Argentina Military Battery Market by End User
13.5.9.2.4 Argentina Military Battery Market by Application
13.5.9.2.5 Argentina Military Battery Market by Power Density
13.5.9.2.6 Argentina Military Battery Market by Energy Consumption
13.5.9.3 Rest of South and Central America Military Battery Market
13.5.9.3.1 Rest of South and Central America Military Battery Market by Type
13.5.9.3.2 Rest of South and Central America Military Battery Market by Composition
13.5.9.3.3 Rest of South and Central America Military Battery Market by End User
13.5.9.3.4 Rest of South and Central America Military Battery Market by Application
13.5.9.3.5 Rest of South and Central America Military Battery Market by Power Density
13.5.9.3.6 Rest of South and Central America Military Battery Market by Energy Consumption
14. INDUSTRY LANDSCAPE
14.1. MERGERS AND ACQUISITIONS
14.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
14.3. NEW PRODUCT LAUNCHES
14.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
15. MILITARY BATTERY MARKET, KEY COMPANY PROFILES
15.1. AROTECH CORPORATION
15.1.1. Key Facts
15.1.2. Business Description
15.1.3. Products and Services
15.1.4. Financial Overview
15.1.5. SWOT Analysis
15.1.6. Key Developments
15.2. BREN-TRONICS,INC.
15.2.1. Key Facts
15.2.2. Business Description
15.2.3. Products and Services
15.2.4. Financial Overview
15.2.5. SWOT Analysis
15.2.6. Key Developments
15.3. BST SYSTEMS, INC.
15.3.1. Key Facts
15.3.2. Business Description
15.3.3. Products and Services
15.3.4. Financial Overview
15.3.5. SWOT Analysis
15.3.6. Key Developments
15.4. CONCORDE BATTERY
15.4.1. Key Facts
15.4.2. Business Description
15.4.3. Products and Services
15.4.4. Financial Overview
15.4.5. SWOT Analysis
15.4.6. Key Developments
15.5. DENCHI GROUP LTD
15.5.1. Key Facts
15.5.2. Business Description
15.5.3. Products and Services
15.5.4. Financial Overview
15.5.5. SWOT Analysis
15.5.6. Key Developments
15.6. EAGLEPICHER TECHNOLOGIES
15.6.1. Key Facts
15.6.2. Business Description
15.6.3. Products and Services
15.6.4. Financial Overview
15.6.5. SWOT Analysis
15.6.6. Key Developments
15.7. ENERSYS
15.7.1. Key Facts
15.7.2. Business Description
15.7.3. Products and Services
15.7.4. Financial Overview
15.7.5. SWOT Analysis
15.7.6. Key Developments
15.8. KOKAM BY SOLAREDGE
15.8.1. Key Facts
15.8.2. Business Description
15.8.3. Products and Services
15.8.4. Financial Overview
15.8.5. SWOT Analysis
15.8.6. Key Developments
15.9. SAFT GROUPE SAS
15.9.1. Key Facts
15.9.2. Business Description
15.9.3. Products and Services
15.9.4. Financial Overview
15.9.5. SWOT Analysis
15.9.6. Key Developments
15.10. TELEDYNE TECHNOLOGIES INCORPORATED.
15.10.1. Key Facts
15.10.2. Business Description
15.10.3. Products and Services
15.10.4. Financial Overview
15.10.5. SWOT Analysis
15.10.6. Key Developments
16. APPENDIX
16.1. ABOUT THE INSIGHT PARTNERS
16.2. GLOSSARY OF TERMS
1.Arotech Corporation
2.BREN-TRONICS,INC.
3.BST Systems, Inc.
4.Concorde Battery
5.Denchi Group Ltd
6.EaglePicher Technologies
7.ENERSYS
8.Kokam by SolarEdge
9.Saft Groupe SAS
10.Teledyne Technologies Incorporated.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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