Covid-19 Impact on Aircraft Battery Market is Expected to Grow at an Impressive CAGR by 2026

Stratview Research has announced a new report on the Aircraft Battery Market. According to the report, the market is likely to reach an estimated value of US$ 198.2 million in 2026.

Market Segmentation
The Aircraft Battery Market is segmented by Platform Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, and UAV), by Battery Type (Nickel-Cadmium Battery, Lithium-Ion Battery, and Lead-Acid Battery), by Sales Channel Type (Direct Sales and Distributor Sales), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)..

According to the report, the Market is segmented the market as narrow-body aircraft, wide-body aircraft, very large body aircraft, regional aircraft, general aviation, helicopter, military aircraft, and UAV. Narrow-body aircraft is expected to maintain their unquestionable dominance till 2026. The UAV and the military aircraft segments remained relatively unflinching. Early signs of healing are discernible with the lift of FAA’s B737max grounding order (Nov. 2020) and Airbus’ highest delivery figures (Oct. 2020) since before the onset of the pandemic. The narrow-body aircraft segment to fuel the market in the long-term, logging the fastest recovery, owing to strong order backlogs of 10,403 (Airbus: 6,372 and Boeing: 4,031) aircraft as of December 2020.

Based on the battery type, we have classified the market as nickel-cadmium battery, lithium-ion battery, and lead-acid battery. Nickel-Cadmium battery is likely to hold the throne in the market till 2026, whereas lithium-ion battery is expected to grow at the fastest rate in the next five years. The shifting paradigm in the aerospace industry with the preference of key stakeholders is gradually transitioning from lead-acid to nickel-cadmium to lithium-ion batteries.

All regions took a nosedive in 2020. In spite of the grave downturn, North America is projected to remain the largest market during the forecast period owing to the region’s predilection towards new technology adoption and implementation.
Asia-Pacific is anticipated to log the quickest
recovery in the market during the forecast period. Upcoming commercial aircraft program: C919, the opening of assembly plants in China by Boeing and Airbus, and an ongoing shift in assembly plants of OEMs in the region from North America and Europe are likely to create a healthy long-term demand for aircraft batteries in the region.

How stakeholders can benefit from this report –
This report covers a thorough analysis of the following segments:
- Aircraft Battery Market Dynamics.
- Market Size and forecast from 2021 till 2026.
- Supply & Demand Value Chain.
- Aircraft Battery Market Current Trends/Issues/Challenges.
- Competition & Companies involved.
- Effecting Technology.
- Aircraft Battery Market Drivers and Restraints.

Research Methodology
The report provides a thorough analysis that reflects today’s Aircraft Battery Market realities and future market possibilities. The information provided in the report can play a crucial role for the users as well as investors, or those who are planning to step into the industry, in formulating the growth strategies to expedite their growth process.
Experts at Stratview have compiled this report after following a detailed research methodology comprising secondary research, and primary interviews with industry stakeholders. Several authenticated sources such as company annual reports, fact books, press releases, white papers, and articles have been leveraged to gather the data.

Key Players
The following are the key players in the Aircraft Battery Market.
• Saft Groupe S.A.
• GS Yuasa Corporation
• Concorde Battery Corporation
• Securaplane Technologies, Inc.

Read More: https://www.stratviewresearch.com/201/aerospace-and-defense-battery-market.html

Report Customization Options
With this detailed report, Stratview Research also offers one of the following (complementary) customization options to our valued clients:
- Company Profiling -Detailed profiling of additional market players (up to three players)
- Competitive Benchmarking - Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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This release was published on openPR.