Aircraft Battery Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024

Report Code: ZMR-3071 | Report Format : | Status : Upcoming |

Abstract

Global Aircraft Battery Market: Overview

Aircraft batteries are used to serve the functions of the engines and also restart the engines in rare cases of engine flame-out. These are rechargeable energy storing devices which are constructed within the aircraft for powering up the aircraft engines during any in-flight electrical generation failure. They also serve to back-up the power source and initiate the auxiliary power units and aircraft electrical systems. It is made of eight cells and the lithium-ion batteries contain redundancies which help aircraft to fly even in cases of a battery fault. These avoid any aircraft accidents or dysfunction and support the refueling functions.

Global Aircraft Battery Market: Growth Factors

Rising popularity of the more electric aircraft is increasing the need for better and more number of batteries which is expected to drive the aircraft battery market. Increasing electrical instruments, navigational devices, light accommodated with aircraft and the advanced cabin interior systems are attributed to increasing the growth of the aircraft battery market. Features of the battery like high reliability, low maintenance, ease of operation, being the lightweight and minimal impact on the environment have led to a steady growth of the aircraft battery market.

Global Aircraft Battery Market: Segmentation

The global aircraft battery market is segmented on basis of the offering, aircraft type, end user, application, power density, aircraft technology, and region. Based on the offering, the aircraft battery market is divided into products and services. Further, products are divided into battery and battery management system. The battery is categorized into Lead acid battery, Nickel Cadmium battery, and Lithium-Ion battery. Services are grouped into maintenance and overhaul, and others. In terms of aircraft type, the aircraft battery market is categorized into civil aviation, UAV and military aviation. Civil aviation is grouped into business jets, commercial helicopters, commercial aircraft and ultralight aircraft. Military aviation is classified into military helicopters and military jets. On the basis of the end user, the aircraft battery market is divided into OEM and aftermarket. OEM is further divided by component into product and services. Aftermarket is segmented into products and services. In terms of application, the aircraft battery market is segmented into emergency, propulsion, auxiliary power unit, and others. Based on power density, the market is classified into more than 300 Wh/kg and less than 300 Wh/kg. On basis of aircraft technology, it is divided into hybrid, traditional, electric and more electric aircraft. On the basis of region, the aircraft battery market is divided into North America, Europe, APAC, and RoW.

Global Aircraft Battery Market: Regional Analysis

North America is estimated to be the market leader in the aircraft battery market. The growth in this region is driven by the rapid increase in the aircraft manufacturing and technological innovations in aircraft architecture. Increased air passenger traffic is also contributing to the growth in this region. APAC is expected to lead after North America owing to the huge amount of capital investment in aircraft manufacturing and growing popularity of air travel. The Middle East and Africa are growing significantly.

Global Aircraft Battery Market: Competitive Players

Some of the key players in global aircraft battery market are, Saft, Gill Batteries, Concorde Batteries, EaglePitcher, Cella Energy, KOKAM, Marvel Aero International, GS Yuasa, HBL Power Systems Lyd., AeroBatteries and EnerSys, among others.

Global Aircraft Battery Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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