Aviation Battery Market by Type and Geography - Forecast and Analysis 2019-2023

The global aviation battery market size will grow by USD 148.12 million during 2019-2023. This market report provides a detailed analysis of the market by type (nickel-based batteries, lithium-based batteries, and lead-based batteries) and geography (Americas, APAC, Europe, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Concorde Battery Corp., EaglePicher Technologies LLC, GS Yuasa Corp., Kokam Co. Ltd., Saft Groupe SA, and Teledyne Technologies Inc.

Key Insights on Aviation Battery Market - Global Forecast 2019-2023

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Industry Overview

The increasing emergence of electric aircraft has been identified as one of the critical aviation battery market trends. Aircraft manufacturers, including Boeing and Airbus, are focusing on the development of battery-electric aerial vehicles that have low noise and emissions. However, traditional batteries do not have the required amount of energy density to fly an aircraft. This has encouraged companies to develop various technologies that can deploy battery electric aircraft. As electric aircraft require a greater number of batteries than traditional aircraft, the successful deployment of electric aircraft will result in increasing demand for aviation batteries. The emergence of electric aircraft will boost the demand for aviation batteries and consequently drive the growth of the market during the next five years.

The aviation battery market forecast report highlights the increasing demand for air transportation as another major factor that will contribute to the growth of the market. The demand for air transportation has increased rapidly in the last few years. This rising demand can be attributed to the increasing number of passengers, rising purchasing power, and growing air traffic. The demand for air freight transportation has also increased because of rapid globalization and increasing cargo movement. These factors will boost the demand for aircraft and consequently fuel the demand for aviation batteries. The increasing demand for air transportation is expected to drive the growth of the aviation battery market at a CAGR of over 8% during the forecast period.

Top Companies in Aviation Battery Market

This global market is fragmented. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this aviation battery market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.

The report offers a detailed analysis of several leading aviation battery manufacturers, including:

• Concorde Battery Corp.
• EaglePicher Technologies LLC
• GS Yuasa Corp.
• Kokam Co. Ltd.
• Saft Groupe SA
• Teledyne Technologies Inc.

Market Segmentation

Aviation Battery Market by Type

• Nickel-based batteries
• Lithium-based batteries
• Lead-based batteries

The nickel-based batteries segment will account for the highest aviation battery market share. The low maintenance, high reliability, and wide operating temperature range of Ni-Cd batteries will boost the growth of the aviation battery market in this segment. This market research report provides an accurate prediction of the contribution of all segments to the growth of the aviation battery market size.

Aviation Battery Market by Region

• Americas
• APAC
• Europe
• MEA

With a complete study of the growth opportunities for companies, it has been identified that the Americas will account for the highest share of the aircraft battery market throughout the forecast period. Factors such as increasing air traffic, rising demand for new aircraft, the presence of huge aircraft fleet, and increasing use of UAVs will contribute to the aviation battery market growth in this region.

Major Highlights of the Aviation Battery Market - Global Forecast 2019-2023

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the aviation battery market during the next five years
• Precise estimation of the global aircraft battery market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the aviation battery industry across APAC, Europe, MEA, and the Americas
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details of factors that will challenge the growth of aviation battery companies

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