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Aerospace And Defense Battery Market Report
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 ...
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
In the aircraft industry, batteries are used mainly for power backup and emergency systems, starting the engine and auxiliary power units, and flight preparation. They play a very crucial role as they supply power to the aircraft in the case of power failure. Batteries in the aircraft must be reliable, durable, lower in maintenance, low weight, lower in the cost of ownership, and have an extended life. The industry is witnessing a gradual transition from lead-acid batteries to nickel-cadmium batteries to lithium-ion batteries.
With unending orders and booming demand, the aerospace industry exhibited an uphill trajectory up until 2019. The market underwent a minimal impact of B737MAX grounding, only the North American demand suffered a minor downturn in 2019. However, this flourishing industry could not escape from the ravaging pandemic in 2020. What initially seemed like a viable hitch, lately has metamorphosed into an obstruction for survival for many stakeholders across industries.
The aircraft battery market is expected to mirror the industry’s fitful path, marking a grave decline in 2020. The short-term impact on the market is apparent including but not limited to employee layoffs, cash-burnouts of several players including the big guns, production halts, and reductions, etc. However, unceasing demand from the relatively unstirred defense industry offered a supporting hand to the batteries’ falling demand in 2020.
The long-term outlook still seems hopeful with a gradual rebound in aircraft production, ultimately imprinting a positive impact on the market. Stratview Research’s estimates suggest that the market is likely to pick up the pace from 2021 onwards to reach an estimated value of US$ 198.2 million in 2026.
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Based on the platform type, we have 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.
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Research Scope |
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|---|---|
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Trend & Forecast Period |
2015-2026 |
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Size in 2026 |
US$ 198.2 million |
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Regions Covered |
North America, Europe, Asia-Pacific, Rest of the World |
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Countries Covered |
The US, Canada, Mexico, Germany, France, the UK, Russia, China, Japan, India, Middle East, Latin America and Others |
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Figures & Tables |
>150 |
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Customization |
Up to 10% customization available free of cost |
The aircraft battery market is segmented into the following categories.
The supply chain of this market comprises raw material suppliers, aircraft battery manufacturers, distributors, OEMs, and MRO companies.
The key Aircraft battery manufacturers include-
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The formation of long-term contracts, application development, and development of innovative products are some of the key strategies adopted by the major players in order to gain a competitive edge in the market. The prevalent COVID-19 crisis has pushed leading players to realign their strategies to adapt to the need of the hour.
For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are 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. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.
This report, from Stratview Research, studies the aircraft battery market over the trend period of 2015 to 2020 and the forecast period of 2021 to 2026. After a continuous interest in our space battery market report from the industry stakeholders, we have tried to further accentuate our research scope to the aircraft battery market to provide the most crystal-clear picture of the market. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Competitive Benchmarking
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 to [email protected]
Aircraft batteries are used mainly for power backup and emergency systems, starting the engine and auxiliary power units, and flight preparation in the aerospace & defense industry. They play a very crucial role as they supply power to the aircraft in the case of power failure.
The aircraft battery market is likely to pick up the pace from 2021 onwards to reach an estimated value of US$ 198.2 million in 2026.
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 sizes worldwide.
The key battery manufacturers are Saft Groupe S.A., GS Yuasa Corporation, Concorde Aircraft Batteries, Securplane Technologies Inc., and EnerSys.
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