Stratview Research announces the launch of a new market research report on Global Aerospace & Defense Battery Market by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, General Aviation, Helicopter, and Military Aircraft), by Battery Type (Nickel-Cadmium Battery, Lithium-Ion Battery, and Lead-Acid Battery), by Sales Channel (Direct Sales and Distributors), and by Region (NA, Europe, APAC, and RoW), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018 – 2023.
This market report from Stratview Research studies the aerospace and defense battery market over the period 2011 to 2022. The research 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.
The Global Aerospace & Defense Battery Market: Highlights
Stratview Research foresees a sustainable growth of 4.8% CAGR in the aerospace & defense battery market over the next five years (2018 – 2023) and reach US$ 211.8 million in 2023, which offers an opportunity to the aerospace industry players to align themselves with the market growth.
The author of the report stated that increasing production rates of major aircraft, such as B737, B787, A320, and A350XWB; 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.
Narrow-body aircraft is expected to remain the largest segment in the global aerospace & defense battery market during the forecast period driven by high production rates of major aircraft (B737 and A320 family); upcoming aircraft, such as C919 and MC-21; and growing fleet size. However, wide-body aircraft is projected to witness the highest growth in the same period, driven by increasing deliveries of B787 and A350XWB aircraft and upcoming aircraft, such as B777x and A330neo.
Avail free customization options which are listed in the link given below along with the detailed Table of Contents and Report Description.
In terms of battery type, nickel-cadmium is projected to remain the largest battery type in the global aerospace & defense industry during the forecast period, whereas lithium-ion is likely to be the fastest growing battery type in the same period.
As per the study, North America is expected to remain the largest market for battery in the aerospace & defense industry during the forecast period due to manufacturing base of commercial, regional, business jets, and military aircraft. However, Asia-Pacific is projected to grow at the highest rate over the next five years, driven by China, India, and Japan.
The global battery market in the aerospace & defense industry is highly consolidated with the presence of less than a dozen players. The key manufacturers are Saft Groupe S.A., GS Yuasa Corporation, Concorde Aircraft Batteries, Securplane Technologies Inc., and EnerSys. New product development and long term contacts with customers are the key strategies adopted by the major players to gain a competitive edge in the market.
This industry research report from Stratview Research provides market intelligence in the most comprehensive manner. 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 research report:
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences and Oil & Gas.
We have a strong team of industry veterans and analysts having an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy and Voice of Customer studies.
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
For any enquiries,
E-mail: [email protected]