Press release
Aircraft Battery Market Report 2017 - Latest Growth, Current Trends and Forecast till 2025
This exclusive report will provide you with the market size and forecast (US$ Mn) for the global market and its segments for the period from 2015 to 2025 along with the growth rate (CAGR) from 2017 to 2025, considering 2016 as base year. In addition, drivers, restraints and opportunities, competitive landscape have also been covered under the current proposed table of contents, which will in due course help you to take strategic decisions with respect to the market.
A battery is a device containing single or multiple cells that convert chemical energy into electrical energy. An aircraft has a main battery and auxiliary power unit (APU) battery. The main battery activates the aircraft even before the aircraft engine has started. Main batteries are also used in refueling the plane. The main battery provides backup power to the aircraft in case of emergency power failure. Aircraft batteries help to power the electrical system in an aircraft. When the APU or engine starts, they drive the aircraft generator which power the aircraft’s electrical system and also recharges the aircraft batteries. APU also acts as redundancies in case of emergency power failure. Lithium ion batteries are used in main and APU batteries. These batteries are made of eight cells that produce ~32-V DC. Lithium ion batteries contain redundancies that help the aircraft to fly even in case of battery fault.
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Rising demand for lithium ion based battery compared to nickel cadmium batteries are increasing the market size of the global aircraft battery market. For instance, aircraft manufacturer Boeing has selected 787 Lithium ion batteries for both main and APU batteries. This is expected to increase the demand for Lithium ion batteries that further drives the aircraft battery market. Nickel cadmium batteries are larger and heavier and less efficient than Lithium ion batteries. Rising demand for military aircraft batteries are also driving the size of the aircraft battery market. With rise in demand for highly sophisticated aircrafts for defense forces, there is a need for advanced, light weight batteries for aircrafts. This is subsequently driving the demand for light weight aircraft batteries and increasing the market size of the global aircraft battery market.
In terms of type, the global aircraft battery market has been segmented into Lithium based battery, Nickel based battery, and Lead acid battery. Lithium based batteries are also known as secondary batteries and can be recharged. Lithium battery cells consist of a graphite anode and a cathode that can accept and release lithium ion repeatedly for battery recharging. Nickel based batteries are of two types: Nickel Cadmium based battery and Nickel Metal Hydride. Nickel Cadmium batteries consists of cadmium hydroxide anode and nickel hydroxide cathode. Nickel Cadmium batteries are used in the main battery of the aircraft and other applications. Lead acid battery consists of lead oxide anode and element lead cathode. By application, the aircraft battery market is fragmented into engine operation, hydraulic operation, navigation, and lighting among others.
Geographically, the aircraft battery market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is a prominent market with the U.S. expected to be the largest aircraft battery market for both commercial and military aircrafts followed by Canada and Mexico. Europe is a major market for aircraft batteries. The major markets in Europe are Germany, the U.K., France, Italy, and Spain. Asia Pacific is one of the dominant markets with China expected to the largest aircraft battery market in the region. Other significant markets in the region are Japan, South Korea, and India. Middle East & Africa is a significant market. GCC (Gulf Cooperation Council) is expected to be a major market in the region followed by South Africa. GCC consists of UAE, Saudi Arabia, Qatar, Oman, Kuwait and Bahrain. South America is another significant market with Brazil expected to the largest aircraft battery market in the region.
The major players operating in the global aircraft battery market are Tadiran Batteries, Sion Power, Saft, Cella Energy, Concorde Battery, True Blue Power, HBL Power Systems, GS Yuasa, Gill Battery and Aerolithium Batteries among others.
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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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