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Technavio’s global commercial aircraft battery market analysis predicts the market to grow at a CAGR of more than 6% between 2016 and 2020. Li-ion batteries are gaining momentum for their application in commercial aircraft and are growing rapidly in the battery market. In a conventional commercial aircraft, such as the Boeing 787 Dreamliner, Li-ion batteries are used extensively as a major power source positioned in the forward electrical equipment bay and APU. These batteries support the refueling functions and power braking systems when the aircraft is towed. They also back the operations of critical electrical power equipment in case of a power failure. The Li-ion batteries have a high energy density that enables greater capacity with lesser weight. They have low self-discharge time as compared to Ni-Cd batteries. Also, they are low maintenance as electrolyte filling, or conditioning cycles are not needed while they offer very high current.
To avoid aircraft accidents or dysfunction, several companies are shifting to alternative lithium battery technologies. For instance, the use of both lithium iron phosphate and lithium nickel manganese oxide chemistries project high temperature for thermal runaway and subsequently bring down the risk of fire hazard due to thermal runaway. Manufacturers in the market are also increasingly using nanotechnology to enhance the high performance of the lithium iron phosphate batteries. This battery chemistry provides good electrochemical functioning with low resistance, which is accomplished through the use of a nano-scale phosphate cathode material.
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According to the global commercial aircraft battery market research report, the market highly competitive and is further characterized by the existence of many global, regional, and local vendors . Vendors contend with each other in terms of in-house manufacturing capabilities, product offerings, global footprint network, R&D investments, and strong client base to gain greater shares in the market. Concorde Battery, Cella Energy, Saft, Sion Power, and Tadiran Batteries are the five leading companies in the market, who are focusing on the implementation of lightweight materials, electronic technologies, and robust systems in airplanes.
Leading vendors in the market are -
Other prominent vendors in the commercial aircraft battery market include Aerolithium Batteries, EaglePitcher, Gill Battery, GS Yuasa, HBL Power Systems, and True Blue Power.
The lithium-based battery segment dominated the market and accounted for the highest market share in 2015. The lithium-based batteries are low-maintenance batteries that do not need to be completely recharged, which is an advantage that most batteries chemistries do not possess. Self-discharge time for these batteries is less than half that of the nickel-based battery systems, which helps to increase the fuel efficiency. Moreover, these batteries have a longer shelf life as compared with other Li-ion batteries such as Li-manganese, Li-cobalt, Li-nickel-manganese, Li-nickel-manganese-cobalt oxide, and Li-titanate batteries.
The market in APAC is expected to grow significantly in the coming years because of the availability of large producers that offer lithium-based batteries at relatively lower prices. The key revenue-generating countries in APAC include Japan, China, South Korea, and Taiwan. China is one of the leading countries, where a high growth of lithium-based, nickel-cadmium, and lead acid batteries market is anticipated during the forecast period. Moreover, with the growing number of aircraft, several governments in the region are focusing more on the production and procurement of aircraft batteries, which will drive further growth in the market during the forecast period.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by battery chemistry
PART 07: Market drivers
PART 08: Impact of drivers
PART 09: Market challenges
PART 10: Impact of drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Appendix
PART 14: Explore Technavio
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