Global Commercial Aircraft Battery Market 2016-2020

Global commercial aircraft battery market forecast

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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Competitive landscape and key vendors

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 -

• Concorde Battery
• Cella Energy
• Saft
• Sion Power
• Tadiran Batteries

Other prominent vendors in the commercial aircraft battery market include Aerolithium Batteries, EaglePitcher, Gill Battery, GS Yuasa, HBL Power Systems, and True Blue Power.

Segmentation by battery chemistry and analysis of the commercial aircraft battery market

• Lithium-based battery
• Nickel-based battery
• Lead acid battery

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.

Geographical segmentation and analysis of the commercial aircraft battery market

• Americas
• APAC
• EMEA

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.

 Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global commercial aircraft battery market?
• What are the key market trends impacting the growth of the global commercial aircraft battery market?
• What are the challenges to market growth?
• Who are the key vendors in the global commercial aircraft battery market?
• What are the market opportunities and threats faced by the vendors in the global commercial aircraft battery market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global commercial aircraft battery market?

Technavio also offers customization on reports based on specific client requirement.

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