The Aerospace Battery Market to experience an impressive growth to reach US$ 224.5 million in 2024

Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Aerospace Battery Market, answers all the important questions.

Getting to the bare bones of the issues and factors which are sculpturing the market, Stratview Research brings out the best actionable market intelligence for the global Aerospace Battery Market.
The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2019-2024.
The important questions the report answers are:
1. What will be the market growth rate in the near future?
2. What are the major developments in the market wrt regulations, acquisitions and innovations?
3. What are the growth drivers as well as the constraints?
4. What are the regional growth hotspots?
5. What are the segmental growth forecasts?
These questions and many more, big and small, are all discussed in the report in great detail.

Get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/201/aerospace-and-defense-battery-market.html

The strategic Market dissection
The dissection of the market is done to enlighten the aspects which are of interest to firms across the value chain.
Dissection by Segments
Battery Type Nickel-Cadmium Battery, Lead Acid Battery etc.
Sales Channel Type Direct Sales & Distributor Sales
Aircraft Type Narrow-Body Aircraft, military aircraft etc.
by Region North America, Europe, Asia-Pacific, and RoW

The Growth Prognosis & its Drivers
The aerospace & defense battery market is forecasted to reach US$ 224.5 million in 2024. 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 advancement in technology are the key growth drivers of the global aerospace & defense battery market.

The Hegemony of Airbus.
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 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.

Table Of Contents: https://www.stratviewresearch.com/toc/201/aerospace-and-defense-battery-market.html

The undisputed Dominance of the North America
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.

Emerging Trends: Introduction of fuel-efficient variants of major narrow-body aircraft
Based on the aircraft type, the 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 2019 to 2024. 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.

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This release was published on openPR.