Aircraft Battery Market estimated to reach US$ 224.5 million in the forecast period (2019-2024)

The report on the Aircraft Battery Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2019-2024. The report also offer insights into different market segments and other factors affecting the market.

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Aircraft Battery Market is expected to reach US$ 224.5 million by the forecast period (2019 – 2024).

As per the report, the market is segmented by:
●by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, and Others) – Narrow-body aircraft will remain the largest segment of the market.
●by Battery Type (Nickel-Cadmium Battery, Lead Acid Battery, and Others) – Nickel-Cadmium will remain the largest battery type in the market.
●by Channel Type (Direct Sales and Distributor Sales)
●and by Region (North America, Europe, Asia-Pacific, and RoW) – North America to remain the largest market.

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

Highlights of the Report:
Based on the aircraft type, the aircraft 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.

Based on the battery type, the aircraft 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 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 the 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 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.

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Key Players of the Market
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.

Features of the Report
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

Know more about us and our reports:
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