Aircraft Battery Market (2019 - 2024)

Market Overview

The aircraft battery market is anticipated to reach over USD 400 million by 2024, with a CAGR of 7.24%, during the forecast period.

The growing interest of many aircraft battery manufacturers in developing more electric aircraft, combined with the need to reduce emissions, has been driving the market currently.

The growth in aircraft deliveries in the military and commercial sectors, over the years, has been driving the market for aircraft battery.

The need for better battery management systems is expected to help the aircraft battery market grow in the coming future.

Scope of the Report

Batteries convert chemical energy directly into electrical energy. All aircraft that are currently operational incorporate an electrical system. The primary electrical system includes one or more batteries. Batteries are used during preflight to power up the electrical system and to start the auxiliary power unit.

Key Market Trends

Segment Trends

The shift toward all-electric aircraft is expected to generate demand for lithium-ion batteries in the coming years. Due to this, the use of the lithium-ion battery is likely to increase at the highest rate, when compared to other types during the forecast period. Currently, lithium-ion batteries are being used in Boeing 787 Dreamliner aircraft, and are also used in Airbus A380 to power its emergency lighting system. Also, Airbus initially planned to use Li-ion batteries in A-350, but following the few accidents in Boeing 787 due to Li-ion batteries, the OEM decided to use Ni-Cd batteries for A-350. Later, after considering the safety issues and other factors in detail, Airbus is installing Li-ion batteries in A-350.

Geography Trends

The Asia Pacific currently has the highest share of aircraft battery market due to the booming aviation industry in emerging economies like China and India. As of January 2017, Asia-Pacific accounts for 32% of Airbus total orders worldwide, and there were more than 3,400 aircraft in service with about 100 airlines across the region and approximately 2,400 aircraft on order with Asia-Pacific customers for future delivery. The company delivered about 367 new planes to 50 operators across the region in 2017. Also, the increasing military aircraft procurements with a significant increase in military expenditures of the countries to strengthen their military strength is support this growth of the region in the battery market.

Competitive Landscape

The market is fragmented and about four companies had significant market shares in 2017. Owing to the growth of commercial aviation, along with increase in procurement of military aircraft, the aircraft battery market is expected to grow rapidly. The maintenance and replacement of batteries in aircraft have also increased the demand for batteries from companies, like True Blue Power and Kokam, among others. Concorde Battery Corporation hds the major share market in terms of revenue in 2017, as it provides aircraft batteries for general aviation aircraft and helicopters, commercial aircraft, and military aircraft, like CH-47, AV-8B, EA-6B, CH-53, F-117A (Stealth), F/A-18, UH-60, KC-135, and V-22 among others, to the US military.

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– The market estimate (ME) sheet in Excel format

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– 3 months of analyst support

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

2.1 Study Deliverables

2.2 Study Assumptions

2.3 Research Phases

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Industry Attractiveness – Porter’s Five Forces Analysis

4.4.1 Bargaining Power of Buyers/Consumers

4.4.2 Bargaining Power of Suppliers

4.4.3 Threat of New Entrants

4.4.4 Threat of Substitute Products

4.4.5 Intensity of Competitive Rivalry 

5 MARKET SEGMENTATION

5.1 Type

5.1.1 Lead Acid Battery

5.1.2 Nickel Cadmium Battery

5.1.3 Lithium-ion Battery

5.2 Aircraft Type

5.2.1 Civil Aviation

5.2.2 Military Aviation

5.2.3 UAV

5.3 Supplier

5.3.1 Original Equipment Manufacturer

5.3.2 Aftermarket

5.4 Geography

5.4.1 North America

5.4.1.1 United States

5.4.1.2 Canada

5.4.1.3 Mexico

5.4.1.4 Rest of North America

5.4.2 Europe

5.4.2.1 United Kingdom

5.4.2.2 France

5.4.2.3 Germany

5.4.2.4 Italy

5.4.2.5 Switzerland

5.4.2.6 Rest of Europe

5.4.3 Asia-Pacific

5.4.3.1 China

5.4.3.2 Japan

5.4.3.3 India

5.4.3.4 South Korea

5.4.3.5 Rest of Asia-Pacific

5.4.4 South America

5.4.4.1 Brazil

5.4.4.2 Argentina

5.4.4.3 Rest of South America

5.4.5 Middle East & Africa

5.4.5.1 Saudi  Arabia

5.4.5.2 United Arab Emirates

5.4.5.3 South Africa

5.4.5.4 Qatar

5.4.5.5 Rest of Middle East & Africa

6 COMPETITIVE LANDSCAPE

6.1 Market Share Analysis

6.2 Company Profiles

6.2.1 Tesla Industries Inc.

6.2.2 Concorde Battery Corporation

6.2.3 GS Yuasa Corporation

6.2.4 Kokam Co. Ltd

6.2.5 Teledyne Technologies Incorporated

6.2.6 True Blue Power

6.2.7 Saft Groupe SA

6.2.8 Sichuan Changhong Battery Co. Ltd

6.2.9 Meggitt PLC

6.2.10 EnerSys

6.2.11 EaglePitcher Technologies LLC

6.2.12 HBL Power Systems Ltd

* List not exhaustive

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

MARKET SEGMENTATION

Type

Lead Acid Battery

Nickel Cadmium Battery

Lithium-ion Battery

Aircraft Type

Civil Aviation

Military Aviation

UAV

Supplier

Original Equipment Manufacturer

Aftermarket

Geography

North America

United States

Canada

Mexico

Rest of North America

Europe

United Kingdom

France

Germany

Italy

Switzerland

Rest of Europe

Asia-Pacific

China

Japan

India

South Korea

Rest of Asia-Pacific

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Saudi  Arabia

United Arab Emirates

South Africa

Qatar

Rest of Middle East & Africa