Aircraft Battery Market Overview
Aircraft Battery Market is likely to witness an impressive CAGR of 8.2% during the forecast period. The most significant factor which is acting as a catalyst for the market is the rising demand for UAVs. This, in turn, is estimated to drive the growth of the global aircraft battery market.
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Aircraft Battery Market- Snapshot
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Growth
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8.2% for the next five years
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Major Offering Type
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Product
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Major Application Type
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Auxiliary Power Unit (APU)
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Dominant End-User Type
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Original Equipment Manufacturer (OEM)
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Region with the highest demand
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North America
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Key Players
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Cella Energy Ltd., Concorde Battery Corporation, Enersys, EaglePicher Technologies, LLC, GS Yuasa Corporation, Marvel Aero International Inc., Marathon Norco Aerospace Inc., Mid-Continent Instruments and Avionics, Sichuan Changhong Battery Co., Ltd., and Teledyne Battery Products (Teledyne Technologies).
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Aircraft Battery Market Share: By Offering Type
Based on the offering type, the market is segmented as product and service. The product segment dominated the market in 2019, and is expected to maintain its dominance during the forecast period. The product segment comprises all the battery categories and battery management systems employed in aircraft. Since, the aircraft construction is surging ahead toward better electric architecture, the demand for more enhanced and greater number of batteries is fueling the growth of the product segment in the coming five years.
Aircraft Battery Market Share: By Application Type
Based on the application type, the market is segmented as propulsion, auxiliary power unit (APU), emergency, and others. The APU segment led the market in 2019, and is likely to maintain its stature during the forecast period. An APU is a small jet engine employed to commence the main engines of any commercial airplane. It is normally installed in the aft portion of the aircraft, under the tail. The main aircraft engines are weighty and demand for a large amount of torque, more than the starter generator can yield. The demand for significantly small aircraft, with the most adequate space utilization, is growing in the recent market scenario, mainly owing to the budget factor. Hence, the small aircraft segments, such as the narrow-body and the wide-body aircraft are garnering more traction, leading to the growth of the global aircraft battery market during the forecast period.
Aircraft Battery Market Share: By End-User Type
Based on the end-user type, the market is segmented as original equipment manufacturer (OEM) and aftermarket. The OEM segment is expected to depict a higher growth during the forecast period. Original Equipment Manufacturers (OEMs) are accountable for the installation of battery components. This has become a convenient option for various airline companies, as post the delivery of the aircraft, alterations become quite onerous for the aircraft manufacturers.
Aircraft Battery Market Share: By Region
In terms of regions, the North American region dominated the aircraft battery market in 2019, owing to the rising demand for aircraft batteries triggered off by the large prevalent fleet size and increase in the production of commercial and military aircraft in the region. The North American aircraft battery market is estimated to govern the market during the forecast period. On the other hand, Asia-Pacific and Europe are also expected to offer substantial growth opportunities during the forecast period.
Some of the major players in the aircraft battery market are Cella Energy Ltd., Concorde Battery Corporation, Enersys, EaglePicher Technologies, LLC, GS Yuasa Corporation, Marvel Aero International Inc., Marathon Norco Aerospace Inc., Mid-Continent Instruments and Avionics, Sichuan Changhong Battery Co., Ltd., and Teledyne Battery Products (Teledyne Technologies).
Market Scope & Segmentation
Aircraft battery contains more than one cells responsible for converting chemical energy into useful electrical energy. The battery is useful in a number of functions such as ground power, fault clearing, emergency power, and others. Lead-acid batteries are used mainly in the case of small and private aircraft, while corporate and commercial aircraft make use of the nickel-cadmium batteries.
Aircraft battery for a particular application is basically selected depending upon a number of factors and characteristics of the battery such as weight, volume, discharge rate, charging rate, maintenance, shelf life, and cost.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Aircraft Battery Market Research Report - Features
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Market Segmentation
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7
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Regions Covered
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4
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Countries/Sub-Regions Covered
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17
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No. of Figures & Tables
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>150
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Company Profiles
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10
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The aircraft battery market is segmented into the following categories.
Aircraft Battery Market Size, Share, & Forecast, by Offering Type:
- Product
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Offering Type Analysis: Battery and Battery Management System)
- Service
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Offering Type Analysis: Maintenance and Overhaul, and Others)
Aircraft Battery Market Size, Share, & Forecast, by Application Type:
- Propulsion (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Auxiliary Power Unit (APU) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Emergency (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Battery Market Size, Share, & Forecast, by Aircraft Technology Type:
- Traditional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Hybrid Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- More Electric Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Electric Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Battery Market Size, Share, & Forecast, by Aircraft Type:
- Civil Aviation
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Aircraft Type Analysis: Commercial Aircraft, Business Jets, Ultralight Aircraft, and Commercial Helicopters)
- Military Aviation
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Aircraft Type Analysis: Military Jets and Military Helicopters)
- UAV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Battery Market Size, Share, & Forecast, by End-User Type:
- Original Equipment Manufacturer (OEM) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Battery Market Size, Share, & Forecast, by Power Density Type:
- Less Than 300 Wh/Kg (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- More Than 300 Wh/Kg (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Battery Market Size, Share, & Forecast, by Region:
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Report Features
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. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Market Segmentation
- Current market segmentation of any one of application types by end-user type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
