20-Apr-2021 | Market Research Store
Findings from Market Research Store report “Aerospace Battery Technology Market By Offering (Nickel-Cadmium Battery, Lead Acid Battery, Lithium-Ion Battery, and Battery Management System), By Aircraft Type (Narrow Body Aircraft, Wide Body Aircraft, Very Large Aircraft, General Aviation, Helicopter, and Others), By Aircraft Technology (Traditional Aircraft, More Electric Aircraft, Hybrid Aircraft, and Electric Aircraft), By Power Density (Less Than 300 Wh/Kg and More Than 300 Wh/Kg), By Application (Propulsion, Auxiliary Power Unit (APU), Emergency, and Others), By End Use (Civil Aviation, Military Aviation, and UAV), By End Market (OEM and Aftermarket), and By Sales Channel (Direct Sales and Distributor Sales): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global demand for aerospace battery technology market in 2019 was approximately USD 430 Million. The market is expected to grow at a CAGR of 6.8% and is anticipated to reach around USD 690 Million by 2026.
A battery is a device that converts chemical energy into electrical energy using one or more cells. An aircraft has two batteries: one for the main engine and one for the auxiliary power unit (APU). And before the aircraft engine starts, the main battery powers the aircraft. The aircraft's main batteries are also used to refuel it. In the event of a power outage, the primary battery supplies backup power to the aircraft. Aircraft batteries are used to fuel the aircraft's electrical system. When the APU or engine starts up, it powers the aircraft motor, which supplies electricity to the aircraft's electrical grid as well as recharging the batteries.
The growing aircraft deliveries globally in the commercial, as well as military sector coupled with significant increase in demand for lithium ion batteries in the aerospace industry, is anticipated to drive the global aerospace battery technology market. The demand is currently also being driven by the growing interest of many aircraft batteries manufacturers in producing more batteries for electric aircraft, as well as the need to minimize emissions. In the coming years, the transition to all-electric aircraft is likely to increase demand for lithium-ion batteries. As a result, when opposed to other types of batteries, the use of lithium-ion batteries is expected to grow at the fastest pace over the projected period. Lithium-ion batteries are still used in Boeing's 787 Dreamliner aircraft, as well as the Airbus A380's emergency lighting system. In addition, Airbus had intended to use Li-ion batteries in the A-350, but after a few accidents involving Li-ion batteries in the Boeing 787, the OEM opted to use Ni-Cd batteries in the A-350. Airbus later decided to add Li-ion batteries in the A-350 after carefully considering safety concerns and other considerations.
The global aerospace battery technology market is bifurcated into its offering, aircraft type, aircraft technology, power density, application, end use, end market, sales channel and regions. Based on the offering, the global market is divided into lead acid battery, nickel-cadmium battery, lithium-ion battery, and battery management system. Based on aircraft type, the market is bifurcated into wide body aircraft, general aviation, narrow body aircraft, very large aircraft, helicopter, and others. Based on the aircraft technology category, the global market is divided into more electric aircraft, electric aircraft, traditional aircraft, and hybrid aircraft. Based on the power density, the global market is divided into less than 300 Wh/Kg and more than 300 Wh/Kg. Based on application, the market is bifurcated into auxiliary power unit (APU), propulsion, emergency, and others. Based on the end use, the global market is divided into military aviation, civil aviation, and UAV. Based on the end market, the market is bifurcated into OEM and aftermarket. Based on the end use, the global market is divided into military aviation, civil aviation, and UAV. Based on the sales channel, the market is bifurcated into direct sales and distributor sales. Geographically, the global aerospace battery technology market is divided into North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa.
North America region dominated the global aerospace battery technology market in 2019 and is anticipated to continue its dominance in the upcoming years. This is due to the growing corporate and commercial aviation industry in the country, which has the largest demand for aerospace and defence aircraft in the world. Furthermore, the rapid deployment of advanced industrial technologies and significant investment in research and development activities are expected to accelerate market growth. Many major industry players, including Concorde Battery, Gill Batteries, and Marvel Aero International would contribute to the market's continued growth. In addition, North America has seen a spike in aircraft deliveries in both commercial and defence applications over the last few years, which is expected to fuel the region's aerospace battery technology industry.
In the forecast period, the Asia Pacific aerospace battery technology market is expected to expand at a significant rate. The increased focus on the development of aircraft manufacturing facilities in the Asia Pacific region has contributed to the region's development. Government policies that encourage investment and a rising defence budget are fueling the market's development. The market's growth is projected to be fueled by the region's expanded commercial and military aircraft demand and acquisition programmes. The Boeing Company and the Commercial Aircraft Corporation of China, for example, formed a joint venture in December 2018 to develop the first 737 aircraft in China. Future commercial aircraft projects, such as the C919, the opening of Boeing and Airbus assembly plants in China, and the continuing transfer of OEM assembly plants in the region from Europe and North America are all expected to drive long-term demand for aircraft batteries in the region.
Browse the full “Aerospace Battery Technology Market By Offering (Nickel-Cadmium Battery, Lead Acid Battery, Lithium-Ion Battery, and Battery Management System), By Aircraft Type (Narrow Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, General Aviation, Helicopter, and Others), 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 Application (Propulsion, Auxiliary Power Unit (APU), Emergency, Others), By End-Use (Civil Aviation, Military Aviation, UAV), By End Market (OEM, Aftermarket), Sales Channel (Direct Sales, Distributor Sales): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.marketresearchstore.com/market-insights/aerospace-battery-technology-market-828570
Europe aerospace battery technology industry followed that of North America in 2019, but it is expected to develop at a healthy rate in the years ahead. The reason for this is the increased demand for aerospace batteries from core Airbus SE and ATR aircraft production facilities in Germany, the United Kingdom, France, and Italy. Leading manufacturers such as Saft Groupe S.A. and Cella Energy are also present in the market, which will fuel its expansion over the forecast period. Furthermore, UK officials' assurances that the UK will remain a member of the European Aviation Safety Agency would have no impact on the BREXIT contract reassured UK-based manufacturers. Brazil and Mexico dominate the Latin American aerospace battery technology market, with Brazil becoming the main consumer. Despite its small size, the Middle East and Africa aerospace market is expected to grow rapidly due to aeroplane manufacturers' ambitious plans to open new bases in the region and its strategic location.
Some of the key players in the aerospace battery technology market are Kokam, Marathonnorco Aerospace, Concorde Battery Corporation, Quallion LLC, HBL Power Systems Ltd, Mid-Continent Instruments and Avionics, Securaplane Technologies Inc, Meggitt PLC, EaglePicher Technologies, Saft Groupe S.A., GS Yuasa International Ltd, Marvel Aero International, Cella Energy, Teledyne Battery Products (Teledyne Technologies), Gill Battery, True Blue Power, TransDigm Group, Tesla, Enersys, Aero Lithium Batteries, and Sichuan Changhong Battery Co. Ltd. among others.
This report segments the aerospace battery technology market as follows:
Global Aerospace Battery Technology Market: By Offering Segmentation Analysis
Global Aerospace Battery Technology Market: By Aircraft Type Segmentation Analysis
Global Aerospace Battery Technology Market: By Aircraft Technology Segmentation Analysis
Global Aerospace Battery Technology Market: By Power Density Segmentation Analysis
Global Aerospace Battery Technology Market: By Application Segmentation Analysis
Global Aerospace Battery Technology Market: By End Use Segmentation Analysis
Global Aerospace Battery Technology Market: By End Market Segmentation Analysis
Global Aerospace Battery Technology Market: By Sales Channel Segmentation Analysis
Global Aerospace Battery Technology Market: Regional Segmentation Analysis
About Us:
Market Research Store is a single destination for all types of industries, global, and regional reports. We feature large repository of latest industry reports and market statistics published by reputed private publishers and public organizations. Market Research Store is the comprehensive collection of market intelligence products and services available. Our vast database of reports enables our clients to benefit from expert insights on global industries, products, and market trends.
Contact Us:
Market Research Store
244 Fifth Avenue, Suite N202
New York, 10001, United States
US OFFICE NO +1-386-310-3803
US/CAN TOLL FREE +1-855-465-4651
Email: sales@MarketResearchStore.com
Website: https://www.marketresearchstore.com