Aircraft Battery Market To Reach USD 0.7 Billion By 2025 | CAGR 7.1% - Forencis Research

Aircraft Battery Market Size, Share, Trends, Growth, Analysis, Research

Global Aircraft Battery Market: Key Highlights

  • According to the new market research report “Aircraft Battery Market by Offering (Battery, Battery Management System, Services), by Type (Lead Acid, Nickel Cadmium (NiCd), Nickel-Metal Hydride (Ni-MH), and Lithium-ion) by Aircraft Type (Commercial, Helicopter, Business Jet and Military), by Application (Auxiliary Power Unit, Canopy Operation, Emergency, Control Backup, and Others) by Region (Asia Pacific, Europe, Middle East and Africa, South America, North America) – Global Forecast (2018 to 2025)”, the global aircraft battery market is estimated to reach USD 0.7 Billion by 2025 at a CAGR of 7.1% during forecast period 2020-2025.
  • Increasing adoption of electric aircrafts and growing adoption of unmanned aerial vehicles, are few factors among others which are expected to drive the aircraft battery market during the forecast period.
  • However, low current density of the current available designs is expected to challenge the growth of the market during the forecast period.

Aircraft Battery Market

Global Aircraft Battery Market: Key Market Dynamics

  • Increasing adoption of electric aviation is expected to drive the market of aircraft battery system as the aircrafts will be based on electrical energy completely which will be provided by the batteries incorporated in the aircraft.
  • Increasing adoption of unmanned aerial vehicle is expected to drive the growth of the market as the system of UAVs is based on the battery attached to it.
  • Adoption of fuel cell technology is expected to rise the market in near future as the governing authorities are making regulations for clean environment practices fuel cell technology can help in fulfilling such initiatives.
  • Low current density can hinder the growth of the market as the current density of the designs available in the market is not economically feasible which pushes aircraft manufacturers to incorporate combustion engines.

Global Aircraft Battery Market: Regional Overview

  • Asia-Pacific

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.

  • Europe

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.:

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:

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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Rep Id : AnD 040

Published : 2020-01-29