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Aircraft Battery Market - by Application (APU, Propulsion, and Emergency), by Offering (Product- Battery (Lead Acid, Lithium Ion, NICAD, and Others) and BMS), and Services), End User, Aircraft Type, Aircraft Technology, Power Density, and Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 08-Oct-2020 Category: Automotive Report Format : PDF Pages: 110 Report Code: ZMR-3071 Status : Published

Global Aircraft Battery market, which was estimated at nearly 521 (USD Million) in 2019 and projected to amass revenue worth 866.16 (USD Million) by 2026, is set to record a CAGR of nearly 8% over 2020-2026.

Description

The global Aircraft Battery market, which was estimated at nearly 521 (USD Million) in 2019 and projected to amass revenue worth 866.16 (USD Million) by 2026, is set to record a CAGR of nearly 8% over 2020-2026. The report offers valuation and analysis of Aircraft Battery market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Million).

Introduction

Aircraft battery is equipment comprising of one cell or many cells and helps in converting chemical energy into electrical energy. Moreover, an aircraft is fitted with main as well as auxiliary power unit battery. The device provides power to electrical system of the airplane. Additionally, the main battery provides power backup to the airplane or jet during power failure in case of emergencies. It also activates the airplane before the starting of engine of the jet. These main batteries are utilized for refueling the aircraft.

Market Growth Dynamics

Thriving aerospace & aviation sectors are predicted to make major contributions towards the expansion of aircraft battery market over the forthcoming years. Apart from this, surging demand for unmanned aerial vehicles in commercial & civil aviation sectors will define the growth of the aircraft battery business during the assessment period. The rapid acceptance of new technologies in the aviation sector will boost the market trends.

Apparently, escalating acceptance of electric airplane technology in commercial aircrafts will boost the business growth over the estimated timespan. In addition to this, massive requirement for longitivity as well as high power storage capacity is likely to favorably impact the business growth over the forecast timeline. Shifting trend towards electrical systems is projected to result into concurrent supply of aircraft batteries embedded with new technologies, thereby fulfilling the massive product demand. This will help in not only maintaining the demand-supply equilibrium but also contributing lucratively towards the market size.         

North American Market To Retain Dominant Position Over 2020-2026

The expansion of the market in the sub-continent over the forecast timeline can be ascribed to rise in the air traffic as well increase in the number of passengers preferring travelling through aerial route. Surge in transportation activities through aircraft will unravel new growth avenues for the market in the region over the projected timespan.   

Furthermore, a prominent increase in reputed airline carriers in the region and substantial upsurge in aircraft fleet due to growing manufacturing of aircrafts for defense & commercial purpose will steer the regional market growth in the near future. Countries like the U.S. and Canada are predicted to be the major regional revenue contributors over the ensuing years.

Key players profiled in the report are EnerSys, Saft, Gill Batteries, Concorde Battery, and Sichuan Changhong Battery.

The global aircraft battery market is segmented as follows:

By Offering

  • Product
    • Battery
      • Nickel Cadmium Battery
      • Lead Acid Battery
      • Lithium Ion Battery
    • Battery Management System
  • Service
    • Maintenance & Overhaul
    • Others

By Application

  • Propulsion
  • Auxiliary Power Unit (APU)
  • Emergency
  • Others

By Aircraft Type

  • Civil Aviation
    • Commercial Aircraft
    • Business Jets
    • Ultralight Aircraft
    • Commercial Helicopters
  • Military Aviation
    • Military Jets
    • Military Helicopters
  • UAV

By End User

  • OEM
    • By Component
      • Product
      • Service
  • Aftermarket
    • By Component
      • Product
      • Service

By Aircraft Technology

  • Traditional Aircraft
  • More Electric Aircraft
  • Hybrid Aircraft
  • Electric Aircraft

By Power Density

  • Less Than 300 Wh/Kg
  • More Than 300 Wh/Kg

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Aircraft Battery Market , 2016–2026 (USD Million)
    • 2.2. Aircraft Battery Market : Snapshot
  • Chapter 3. Global Aircraft Battery Market – Industry Analysis
    • 3.1. Aircraft Battery Market : Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Escalating acceptance of electric airplane technulogy in commercial aircrafts will boost the business growth over the estimated timespan.
      • 3.2.2. Shifting trend towards electrical systems is projected to result into concurrent supply of aircraft batteries embedded with new technulogies, thereby fulfilling the massive product demand. This will help in not only maintaining the demand-supply equilibrium but also contributing lucratively towards the market size.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Application
      • 3.4.2. Market attractiveness analysis By Offering
  • Chapter 4. Global Aircraft Battery Market – Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Aircraft Battery Market : company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Aircraft Battery Market – Application Analysis
    • 5.1. Global Aircraft Battery Market overview: By Application
      • 5.1.1. Global Aircraft Battery Market share, By Application , 2019 and 2026
    • 5.2. APU
      • 5.2.1. Global Aircraft Battery Market By APU, 2016–2026 (USD Million)
    • 5.3. Propulsion
      • 5.3.1. Global Aircraft Battery Market By Propulsion, 2016–2026 (USD Million)
    • 5.4. Emergency
      • 5.4.1. Global Aircraft Battery Market By Emergency, 2016–2026 (USD Million)
  • Chapter 6. Global Aircraft Battery Market – Offering Analysis
    • 6.1. Global Aircraft Battery Market overview: By Offering
      • 6.1.1. Global Aircraft Battery Market share, By Offering, 2019 and 2026
    • 6.2. Product
      • 6.2.1. Global Aircraft Battery Market By Product, 2016–2026 (USD Million)
    • 6.3. Services
      • 6.3.1. Global Aircraft Battery Market By Services, 2016–2026 (USD Million)
  • Chapter 7. Company Profiles
    • 7.1. Saft
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Product Portfolio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. Concorde Battery
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Product Portfolio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. Gill Batteries
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Product Portfolio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Developments
    • 7.4. EnerSys
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Product Portfolio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Developments
    • 7.5. Sichuan Changhong Battery
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Product Portfolio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Development

Methodology


Frequently Asked Questions

Thriving aerospace & aviation sectors are predicted to make major contributions towards the expansion of aircraft battery market over the forthcoming years. Apart from this, surging demand for unmanned aerial vehicles in commercial & civil aviation sectors will define the growth of the aircraft battery business during the assessment period. The rapid acceptance of new technologies in the aviation sector will boost the market trends.

According to Zion Market Research report, the global aircraft battery market, which was estimated at nearly 521 (USD Million) in 2019 and projected to amass revenue worth 866.16 (USD Million) by 2026, is set to record a CAGR of nearly 8% over 2020-2026.

North America is likely to make noteworthy contributions towards overall market revenue during 2020-2026. The growth of the market in the region over the estimated timeline can be attributed to rise in the air traffic as well increase in the number of passengers preferring travelling through aerial route. Surge in transportation activities through aircraft will unravel new growth avenues for the market in the region over the projected timespan. Furthermore, a prominent increase in reputed airline carriers in the region and substantial upsurge in aircraft fleet due to growing manufacturing of aircrafts for defense & commercial purpose will steer the regional market growth in the near future.

The key players profiled in the report include EnerSys, Saft, Gill Batteries, Concorde Battery, and Sichuan Changhong Battery.
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