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    Aerospace And Defense Battery Market

    Aerospace And Defense Battery Market
    Report code - SRAD132 Published On : Jul,2019 No. of Pages: 205

    Aircraft Battery Market by Aircraft Type (Narrow-Body A See more...

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    Aircraft Battery Market Insights

    The global aircraft battery market size is forecasted to reach US$ 224.5 million in 2024. Increasing production rates of major aircraft, such as B737, B787, A320, and A350XWB; an expected entry of upcoming aircraft, such as MRJ and C919; growing aircraft fleet size, and advancement in technology are the key growth drivers of the global aerospace & defense battery market.

    Aircraft Battery Market Share - By Aircraft Type

    Based on the aircraft type, the aircraft battery market is segmented as Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, General Aviation, Helicopter, and Military Aircraft. The narrow-body aircraft is expected to remain the largest segment of the global aerospace & defense battery market during the forecast period of 2019 to 2024. High production rates of major aircraft (B737 and A320 family); introduction of fuel-efficient variants of major narrow-body aircraft (B737 Max and A320neo); upcoming aircraft programs, such as C919 and MC-21; and growing fleet size are the major factors driving the demand for batteries in the segment. Wide-body aircraft is projected to witness the highest growth during the same period, driven by increased deliveries of B787 and A350XWB aircraft and upcoming variants of the major aircraft, such as B777x.

    Aircraft Battery Market Share - By Battery Type

    Based on the battery type, the aircraft battery market is segmented as Nickel-Cadmium Battery, Lithium-Ion Battery, and Lead-Acid Battery. Nickel-Cadmium is projected to remain the largest battery type in the aerospace & defense industry during the forecast period, whereas lithium-ion is likely to be the fastest-growing battery type during the same period. All major commercial and regional aircraft rely on nickel-based batteries, whereas general aviation mainly relies on lead-acid batteries. All the major aircraft manufacturers have started opting lithium-ion batteries in their next-generation aircraft, such as B787, A350XWB, and F35. 

    Aircraft Battery Market Share - By Region

    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 size worldwide. Asia-Pacific is projected to grow at the highest rate over the next five years, driven by China, India, and Japan. High demand for commercial aircraft to support rising passenger traffic, increasing defense spending, and upcoming commercial and regional aircraft, such as C919 and MRJ are the major growth drivers of the region.

    Aircraft Battery Market - Key Players

    The supply chain of this market comprises raw material suppliers, battery manufacturers, aircraft OEMs, distributors, and airline companies. The key aerospace OEMs are Boeing, Airbus, Bombardier, Lockheed Martin, Embraer, ATR, and Mitsubishi Heavy Industries and key airline companies are Lufthansa, Delta Air, Air China, and Singapore Airlines. The global battery market in the aerospace & defense industry is highly consolidated with the presence of less than a dozen player. The key battery manufacturers are Saft Groupe S.A., GS Yuasa Corporation, Concorde Aircraft Batteries, Securplane Technologies Inc., and EnerSys. New product development, the formation of long-term contracts with customers, and the execution of mergers & acquisitions are the key strategies adopted by the key players to gain a competitive edge in the market.

     

    Research Methodology

    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.

     

    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 on 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

     

    Market Scope & Segmentation

    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. Batteries in the aircraft must be reliable, durable, lower in maintenance, low weight, lower in the cost of ownership, and have an extended life. Nickel-Cadmium, Lead-Acid, and Lithium-Ion are the types of batteries used in the aerospace & defense industry. The industry is witnessing a gradual transition from the nickel-cadmium and lead-acid batteries to lithium-ion batteries.

    This report, from Stratview Research, studies the global aerospace & defense battery market over the trend period of 2013 to 2018 and the forecast period of 2019 to 2024. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Research Scope

    Trend & Forecast Period

    2013-2024

    Size in 2024

    US$ 224.5 Million

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Countries/Sub-regions Covered

    US, Canada, Mexico, France, Germany, UK, Russia, Rest of Europe, Japan, China, India, Rest of APAC, Latin America, Middle-East, Rest of the World

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

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    The aerospace & defense battery market is segmented into the following categories. 

    Aircraft Battery Market Size, Share & Forecast by Aircraft Type:

    • Narrow-Body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Wide-Body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Very Large Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Battery Market Size, Share & Forecast by Battery Type:

    • Nickel-Cadmium Battery (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Lead Acid Battery (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Lithium-Ion Battery (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Battery Market Size, Share & Forecast by Sales Channel Type:

    • Direct Sales (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Distributor Sales (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)

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    Snapshot of the Global Aircraft Batteries Market

    What will be the size of aircraft battery market in foreseeable future?

    Driven by a number of factors including increasing production of major aircraft, such as B737, B787, A320, and A350XWB; entry of upcoming aircraft such as MRJ and C919; and advancement in technology, the aircraft battery market should reach US$ 224.5 million in 2024.

    Which region will witness the highest growth in the aircraft battery market?

    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 size worldwide.

    Who are the key players in aircraft battery market?

    The key battery manufacturers are Saft Groupe S.A., GS Yuasa Corporation, Concorde Aircraft Batteries, Securplane Technologies Inc., and EnerSys.

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