Aerospace and Defense Battery Market Report on the Untapped Growth Opportunities in the Industry

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Aerospace and Defense Battery Market- (By Application (Space (Satellite, Launch Vehicle, Deep Space), Aircraft (Military, Civil and Commercial), UAV (Military, Civil and Commercial), Defense (Ground-Based (Armored Vehicle, Operating Base), Marine Based (Destroyer, Frigate, Submarine, Unmanned Underwater Vehicles)), By Battery Type (Lithium-Based Battery (Lithium Polymer Battery, Lithium-Ion Battery), Nickel-Based Battery (Nickel-Cadmium (NiCd) Battery, Nickel-Metal Hydride Battery), Thermal Battery, Others), By Sales (OEM, Aftermarket)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Aerospace and Defense Battery Market is valued at US$ 9.08 Bn in 2023, and it is expected to reach US$ 16.39 Bn by 2031, with a CAGR of 7.84% during the forecast period of 2024-2031.

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Battery devices employed in the Defense and Aerospace sectors consist of one or more cells that convert chemical energy into electrical energy. Aircraft batteries play a crucial role in powering the Auxiliary Power Unit (APU) and/or engines, as well as providing electrical power during pre-flight operations. When the APU or engine generators are running, they supply electricity to the aircraft's electrical circuits and recharge the batteries. In the event of generator failure or when isolation is necessary, the batteries serve as a reliable backup power source, although they typically supply regular electrical power during normal operations. In response to the increasing demand for efficient energy storage, advancements in battery materials and technologies have led to the development of high-energy-density battery solutions.

The aviation industry is also contributing to a more sustainable future, with electric engines offering a quieter alternative to traditional jet or combustion engines. Additionally, the growing utilization of unmanned aerial vehicles (UAVs) and drones for surveillance, reconnaissance, and combat missions has driven the demand for lightweight, high-capacity batteries. These systems require enhanced energy storage solutions to effectively support their operational needs.

List of Prominent Players in the Aerospace and Defense Battery Market:

• Bren-Tronics, Inc.
• Concorde
• ECOBAT
• GS Yuasa International Ltd.
• Lincad
• Navitas System
• Saft
• Sion Power Corporation
• WAE Technologies Limited
• Shift
• DENCHI POWER
• Kokam
• Enersys
• EXIDE Technologies
• Mathew Associates
• Navitas Systems
• Teledyne Technologies
• Cell-Con
• Leclanche Sa
• Sterling Planb Energy Solutions
• Lifeline Batteries
• BST Systems, Inc.
• Eaglepicher Technologies
• Arotech Corporation
• Ultralife Corporation
• Korea Special Battery Co., Ltd.

Market Dynamics:
Drivers-
The global aerospace and defense battery market has experienced significant growth in recent years, driven by technological advancements and the expanding applications of batteries in space, aviation, UAVs, and the defense sector. This growth is primarily fueled by government initiatives aimed at advancing the electrification of these industries, which have demonstrated consistent expansion and substantial progress. Additionally, the increasing adoption of commercial UAVs by e-commerce companies and various civilian sectors, including videography and remote monitoring, is further propelling market demand.

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Challenges:
Aerospace batteries must function effectively under low temperatures and high discharge rates. However, prolonged high discharge rates can cause the cell plates to warp and short-circuit the battery. Several factors, including service intervals (for vented batteries), environmental conditions (such as extreme heat or cold), and electrolyte leakage, necessitate the regular replacement of batteries. In cases where a battery requires frequent recharging and no external leakage is observed, issues such as malfunctioning battery charging mechanisms or overcharging may arise, requiring attention.

Regional Trends:
The North American aerospace and defense battery market is expected to capture a significant share of global revenue and experience robust growth in the coming years. This region leads in the number of aerospace battery manufacturers and is a major hub for research and development in advanced battery technologies crucial for current and future aircraft applications. Additionally, strategic collaborations and partnerships between battery manufacturers, aerospace companies, and academic institutions in North America are driving innovation in the field. These collaborations focus on the development of cutting-edge technologies such as solid-state batteries and enhanced energy storage solutions, which are expected to significantly impact market growth in the near future.

Recent Developments:
• In Feb 2023, Ecobat initiated the construction of its third facility dedicated to recycling lithium-ion batteries, representing its inaugural foray into North America. The newly established factory in Casa Grande, Arizona, initially generated an expected annual output of 10,000 tons of recycled material, with intentions to enhance its capacity to meet the increasing requirement for recycling lithium-ion batteries.
• In July 2022, Exide Industries started an establishment of a facility in Bengaluru dedicated to the production of lithium-ion battery cells. It was reported to the exchange by the company that a sales agreement for the establishment of an 80-acre facility had been executed by its subsidiary.

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Segmentation of Aerospace and Defense Battery Market-
By Application-
• Space
o Satellite
o Launch Vehicle
o Deep Space
• Aircraft
o Military
o Civil and Commercial
• UAV
o Military
o Civil and Commercial
• Defense
o Ground-Based
 Armored Vehicle
 Operating Base
o Marine Based
 Destroyer
 Frigate
 Submarine
 Unmanned Underwater Vehicles
By Battery Type-
• Lithium-Based Battery
o Lithium Polymer Battery
o Lithium-Ion Battery
• Nickel-Based Battery
o Nickel-Cadmium (NiCd) Battery
o Nickel-Metal Hydride Battery
• Thermal Battery
• Others
By Sales-
• OEM
• Aftermarket
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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