Innovations in battery technology and its applications is one of the fastest growing markets in aerospace industry in the recent past. Aerospace battery technology is used to start the engines of aircraft or start the Auxiliary Power Unit (APU). APU allows the engine to operate independently without any ground support. However aerospace battery technology helps in electrical generation failure to create emergency until the flight landing and evacuation. These batteries are also used to restart the engines after rare case of engine flameout. The batteries also acts as buffer regulator for the DC network voltage ensuring the acceptable power to the device connected to it. As these batteries serve as crucial component of aircraft, hence they need to be maintained with proper care. Two main chemicals that are used in aircraft batteries are nickel cadmium (Ni-Cd) and lead-acid, either of the two have wide application in aviation industry. Lead acid batteries are vented or valve regulated (VRLA). Smaller aircrafts make use of Ni-Cd and valve regulated type of battery whereas bigger aircrafts make use of vented Ni-Cd type of battery. On the other hand batteries needs to be checked on the efficiency, performance, and avoid on board failures by checking on the regular maintenance services which might lead to costly delays for operators. Due to high temperature generation when batteries are used by internal parts of the aircrafts, 80% of life of the turbine is used up and hence maintenance is very important for the batteries that are used in aviation industries.
Scope of the Report:This report studies the Aerospace Battery Technology market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Aerospace Battery Technology market by product type and applications/end industries.
The global aerospace battery technology market is mainly driven by its capacity to remain high energy density which means batteries with high power capacity without being bulky. Light weight batteries are considered in terms of selling points in this industry. Batteries with low self-discharge factor is mainly driving the aerospace Battery technology market. However even the batteries with the longer lifespan have driven this market. ÊThe need for more advanced battery technology is driven by the requirement of weight reduction and electric aircraft. Increase in the commercial aircraft, growing aircraft fleet and advancement in the technology had also driven the global aerospace battery technology market. On the other side the global aerospace battery technology is restrained by its deep discharge property and its sensitivity to high temperature.Ê
The global Aerospace Battery Technology market is valued at xx million USD in 2020 and is expected to reach xx million USD by the end of 2026, growing at a CAGR of xx% between 2020 and 2026.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Aerospace Battery Technology.
Europe also play important roles in global market, with market size of xx million USD in 2020 and will be xx million USD in 2026, with a CAGR of xx%.
Market Segment by Companies, this report covers GS Yuasa
Concorde Aircraft Batteries
Quallion
Aerospace Corporation
EnerSys
EaglePicher Technologies
TransDigm Group Incorporated
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Nickel-Cadmium Battery
Lead Acid Battery
Lithium-Ion Battery
Market Segment by Applications, can be divided into Narrow Body Aircraft
Wide Body Aircraft
Very Large Aircraft
General Aviation
Helicopter
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
