DUBLIN--(BUSINESS WIRE)--The "Aircraft Battery Market by Offering (Product- Battery (NICAD, Lithium Ion, Lead Acid, Others), BMS, Services) Application (Propulsion, APU, Emergency), Aircraft Type, End User, Power Density, Aircraft Technology, and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The aircraft battery market is projected to grow from an estimated USD 475.0 Million in 2017 to USD 667.8 Million by 2022, at a CAGR of 7.05% from 2017 to 2022.
The major factor which is expected to act as a major driver for the market is the increasing demand for UAVs. This, in turn, is expected to drive the growth of the aircraft battery market during the forecast period 2017 to 2022. The aircraft battery market has been segmented based on offering, application, aviation type, end user, aviation technology, power density, and region.
Based on offering, the aircraft battery market has been segmented into product and service. The product segment is expected to lead the aircraft battery market in 2017. The product segment includes all the battery types and battery management systems used in aircraft. As the aircraft architecture is moving toward more electric architecture, the need for better and more number of batteries is driving the product segment of the aircraft battery market.
Based on application, the aircraft battery market has been segmented into propulsion, Auxiliary Power Unit (APU), emergency, and others. The APU segment is expected to lead the aircraft battery market in 2017. The demand for considerably small aircraft, with maximum space utilization, is growing in the current market scenario, mainly because of the cost factor. Thus, the small aircraft segments such as the narrow body and wide body aircraft are gaining more market share, which directly impacts the growth of the battery market.
Based on end user, the aircraft battery market has been segmented into OEM and aftermarket. The OEM segment of the aircraft battery market is projected to witness the highest growth during the forecast period. This has become a suitable alternative for airline companies, as post the delivery of aircraft, modification becomes cumbersome for aircraft manufacturers.
The North American region is expected to lead the aircraft battery market in 2017 due to the increasing demand for aircraft batteries owing to the large existing fleet and growth in the manufacturing of commercial and military aircraft in the region.
Products offered by various companies operating in the aircraft battery market have been listed in the report. The recent developments section of the report provides information on the strategies adopted by various companies between November 2010 and October 2017 to strengthen their positions in the aircraft battery market. Major players in the aircraft battery market include Concorde Battery (US), Saft (France), EnerSys (US), Gill Batteries (US), and Sichuan Changhong Battery (China), among others. These companies have significant geographic reach and distribution channels.
Market Dynamics
Drivers
- Increasing Adoption of More Electric Aircraft Technology in Commercial Aircraft
- Increase in the Number of Aircraft Deliveries
- Increasing Adoption of UAVs in Commercial and Civil Applications
Opportunities
- Need for Advanced Battery Solutions for Non-Traditional Aircraft
- Adoption of Fuel Cells to Reduce Carbon Emissions
- Need for Better Battery Management Systems
Challenges
- Operational Challenges Associated With Lithium-Based Aircraft Battery
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Aircraft Battery Market, by Offering
8 Aircraft Battery Market, by Application
9 Aircraft Battery Market, by Aircraft Technology
10 Aircraft Battery Market, by Aircraft Type
11 Aircraft Battery Market, by End User
12 Aircraft Battery Market, by Power Density
13 Aircraft Battery Market, by Geography
14 Competitive Landscape
15 Company Profiles
- Cella Energy
- Concorde Battery Corporation
- Eaglepicher
- Enersys
- GS Yuasa
- Kokam
- Marathonnorco Aerospace
- Marvel Aero International
- Mid-Continent Instruments and Avionics
- Saft
- Sichuan Changhong Battery
- Teledyne Battery Products (Teledyne Technologies)
For more information about this report visit https://www.researchandmarkets.com/research/qcp88f/global_aircraft?w=4
