Global Aircraft Battery Market: Key Highlights
Global Aircraft Battery Market: Key Market Dynamics
Global Aircraft Battery Market: Regional Overview
Asia-Pacific is the fastest growing market share in the aircraft battery market. The market is expected to show notable long term growth in Asia Pacific region as the aviation is increasing in the developing countries such as India and China. This high growth rate is likely to continue in coming decades, as large number of aircrafts are scheduled for future delivery to airlines in the region.
Aircraft battery market is predicted to expand remarkably in European region. The features compelling growth of the market in this region covers investments in research and development for electric aviation and growing profit in the aircraft sector. According to International Air Transport Association, aircraft carriers in European region are forecast to report a $7.9 billion net profit in 2020. Hence, increasing adoption of aviation services is expected to expand the market in the region.
Global Aircraft Battery Market: Key Players Overview
Saft Groupe S.A. is a France-based international manufacturing firm which designs, develops, and produces batteries, used in transport, defense, and industrial sector. Company provides Ni-Cd and Li-ion chemistries in battery solutions with different battery designs. It also provides repair and maintenance service as well as in-house battery maintenance training to the customers.
Concorde Battery is a manufacturing company which designs, produces and sells lead-acid battery worldwide. Company product line includes valve regulated sealed lead-acid batteries for aircraft, marine medical, telecommunications, emergency backup, and photovoltaic applications. The product gives customer low maintenance and high reliable service.
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