Battery Market in Aerospace industry is likely to reach US$ 211.8 million in 2023. – Stratview Research Market Report

The research studies Aerospace Battery Market in the trend period of 2012 to 2017 and forecasted period of 2018 to 2023 under given segments - by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, General Aviation, Helicopter, and Military Aircraft), by Battery Type (Nickel-Cadmium Battery, Lithium-Ion Battery, and Lead-Acid Battery), by Sales Channel (Direct Sales and Distributors), and by Region (NA, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.

The study finds –
 North America is expected to remain the largest market for batteries in the aerospace & defense industry during the forecast period. The region is the manufacturing capital of commercial, regional, business jets, and military aircraft.
 Nickel-Cadmium is projected to remain the largest battery type in the global aerospace & defense industry during the forecast period, whereas lithium-ion is likely to be the fastest-growing battery type during the same period.
 The global aerospace & defense battery market is segmented as Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, General Aviation, Helicopter, and Military Aircraft.

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The Aerospace & Defense Battery Market: Highlights

The aerospace & defense battery market is forecasted to reach US$ 211.8 million in 2023. Increasing production rates of major aircraft, such as B737, B787, A320, and A350XWB; an expected entry of upcoming aircraft, such as MRJ and C919; growing aircraft fleet size, and an advancement in technology are the key growth drivers of the global aerospace & defense battery market.

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Batteries are used mainly for power backup and emergency systems, starting the engine and auxiliary power units, and flight preparation in the aerospace & defense industry. They play a very crucial role as they supply power to the aircraft in the case of power failure. Batteries in the aircraft must be reliable, durable, lower in maintenance, low weight, lower in the cost of ownership, and have an extended life. Nickel-Cadmium, Lead-Acid, and Lithium-Ion are the types of batteries used in the aerospace & defense industry. The industry is witnessing a gradual transition from the nickel-cadmium and lead-acid batteries to lithium-ion batteries.

Based on the aircraft type, the global aerospace & defense battery market is segmented as Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, General Aviation, Helicopter, and Military Aircraft. The narrow-body aircraft is expected to remain the largest segment of the global aerospace & defense battery market during the forecast period of 2018 to 2023. High production rates of major aircraft (B737 and A320 family); introduction of fuel-efficient variants of major narrow-body aircraft (B737 Max and A320neo); upcoming aircraft programs, such as C919 and MC-21; and growing fleet size are the major factors driving the demand for batteries in the segment. Wide-body aircraft is projected to witness the highest growth during the same period, driven by increased deliveries of B787 and A350XWB aircraft and upcoming variants of the major aircraft, such as B777x and A330neo.

Based on the battery type, the global aerospace & defense battery market is segmented as Nickel-Cadmium Battery, Lithium-Ion Battery, and Lead-Acid Battery. Nickel-Cadmium is projected to remain the largest battery type in the global aerospace & defense industry during the forecast period, whereas lithium-ion is likely to be the fastest-growing battery type during the same period. All major commercial and regional aircraft rely on nickel-based batteries, whereas general aviation mainly relies on lead-acid batteries. All major aircraft manufacturers have started opting lithium-ion batteries in their next-generation aircraft, such as B787, A350XWB, and F35.

North America is expected to remain the largest market for batteries in the aerospace & defense industry during the forecast period. The region is the manufacturing capital of commercial, regional, business jets, and military aircraft. The region also holds one of the largest commercial aircraft fleet size worldwide. Asia-Pacific is projected to grow at the highest rate over the next five years, driven by China, India, and Japan. High demand for commercial aircraft to support rising passenger traffic, increasing defense spending, and upcoming commercial and regional aircraft, such as C919 and MRJ are the major growth drivers of the region.

The supply chain of this market comprises raw material suppliers, battery manufacturers, aircraft OEMs, distributors, and airline companies. The key aerospace OEMs are Boeing, Airbus, Bombardier, Lockheed Martin, Embraer, ATR, and Mitsubishi Heavy Industries and key airline companies are Lufthansa, Delta Air, Air China, and Singapore Airlines. The global battery market in the aerospace & defense industry is a highly consolidated with the presence of less than a dozen player. The key battery manufacturers are Saft Groupe S.A., GS Yuasa Corporation, Concorde Aircraft Batteries, Securplane Technologies Inc., and EnerSys. New product development and long-term contracts with customers are the key strategies adopted by the major players to gain a competitive edge in the market.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum input to the entire value chain of Aerospace Battery. The key features of the report are -
 Market structure: Overview, industry life cycle analysis, supply chain analysis
 Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
 Market trend and forecast analysis
 Market segment trend and forecast
 Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
 Attractive market segments and associated growth opportunities
 Emerging trends
 Strategic growth opportunities for the existing and new players
 Key success factors.

Stratview follows a rigorous process for conducting business research from primary and secondary sources to understand the entire market ecosystem. It has several high value market reports in the Aerospace & defence industry. Please refer to the following link to browse through the reports:

Click Here for Other Reports from Stratview Research in the Aerospace & Defence Industry: https://www.stratviewresearch.com/market-reports/Aerospace-Defense.html

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