Albany, NY -- (SBWire) -- 07/27/2017 --This industry research report identifies Concorde Battery, Cella Energy, Saft, Sion Power, and Tadiran Batteries as the key vendors in the global military aircraft battery market. This industry research report also presents a competitive analysis of the market by battery chemistry (lithium based, nickel based, and lead acid) and by geography (the Americas, APAC, and EMEA).
Overview of the global military aircraft battery market -
Market research analysts at Technavio predict that the global military aircraft battery market will grow steadily at a CAGR of more than 4% by 2021. Li-ion batteries are highly-efficient rechargeable batteries that provide efficient usage in portable devices that have less memory effect and high energy density. These batteries are the major source for backup power in the forward electrical equipment bay and the auxiliary power units (APU). In addition to supporting refueling operations and enabling power braking systems, these batteries also support critical electrical power equipment. As a result, the coming years will witness a significant increase in the usage of Li-ion batteries, which will be one of the primary factors that will have a positive impact on the growth of the military aircraft battery market.
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This market research report identifies the growing demand for more electric aircraft (MEA) as one of the key trends behind the growth of the military aircraft battery market. The demand for MEA is increasing due to the changes in industry dynamics in favor of fuel-efficient aircraft. The designs for MEA will be impacted by innovations in battery designs and further innovations in electric motors. Reducing the weight and size of electromagnetic interference filters will proportionately influence the success of MEA by implementing the wideband gap devices that feature high operating temperature, low losses, and high switching efficiency. Innovations towards improving the efficiency and performance of MEA will trigger the growth of the military aircraft battery market.
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The military aircraft battery market is highly-competitive and fragmented due to the presence of numerous global, regional, and local vendors who constantly compete to gain maximum market shares. The growth of the vendors in the market is impacted by various factors including intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations. To acquire a competitive advantage, the vendors should increase their R&D investments and should also focus on providing cost-effective and high-quality aircraft batteries and enhancing their product offerings.
The leading vendors in the market are -
- Concorde Battery
- Cella Energy
- Saft
- Sion Power
- Tadiran Batteries
The other prominent vendors in the market are EaglePicher, Teledyne Technologies, and GS Yuasa International.
Segmentation by battery chemistry and analysis of the military aircraft battery market
- Lithium-based batteries
- Nickel-based batteries
- Lead Acid batteries
During 2016, the lithium-based battery segment accounted for the major shares of the military aircraft battery market. Factors such as the longer self-discharge time that results in increased efficiency and low maintenance contributes to the growth of this market segment. Additionally, advantages such as the light-weight, lower fuel consumption, and reduced carbon emissions that will enhance the performance of the aircraft, will also fuel the growth of the market in this segment.
Geographical segmentation and analysis of the military aircraft battery market
- Americas
- APAC
- EMEA
This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the military aircraft battery market by 2021. North America will be the major contributor in this region where increased expenditure and technological advancements drive the demand for military aircraft batteries. Additionally, the high investment towards procurement, sustainment, and modernization and the advanced R&D programs will also drive the demand for military aircraft batteries in the Americas.
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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Global Military Aircraft Battery Market to Grow Steadily at a CAGR of More Than 4% by 2021 - Concorde Battery, Cella Energy, Saft, Sion Power, Tadiran Batteries