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The commercial aircraft battery management system (BMS) market size is estimated to grow at a CAGR of 7.98% between 2023 and 2028. The market size is forecast to increase by USD 137.4 million. The growth of the market depends on several factors, such as the mandatory regular battery monitoring, the rising electrification of aviation, and the increase in aircraft deliveries. Our report examines historical data from 2018 - 2022, besides analyzing the current market scenario.
This report extensively covers market segmentation by product (centralized, modular, and primary and distributed), type (lithium-ion, nickel-cadmium, and lead-acid), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges.
Commercial Aircraft Battery Management System Market Forecast 2024-2028
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Our researchers studied the data for years, with 2023 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
Several electric and hybrid-electric aircraft rely on advanced battery technology, typically lithium-ion or other high-energy-density batteries. In addition, these batteries require sophisticated battery management systems to ensure safe and efficient operation. Furthermore, electric and hybrid-electric aircraft have more complex battery systems due to higher power demands.
Moreover, this complexity necessitates advanced BMS solutions that can manage multiple battery modules, optimize energy use, and monitor performance. In addition, electrification aims to improve energy efficiency in aviation by reducing fuel consumption and emissions. Furthermore, BMS solutions are essential for optimizing energy use and extending the battery's lifespan to achieve efficiency goals. Hence, such factors are positively impacting the commercial aircraft battery management system market. Therefore, it is expected to drive the market growth during the forecast period.
A fuel cell can be referred to as an electrochemical device that basically uses hydrogen and oxygen from the air to produce electricity, releasing water and heat as its by-products. In addition, hydrogen is generally sourced from fossil fuels, such as natural gas, propane, or renewable fuels. Furthermore, it can also be produced by the electrolysis of water, which can be done by using electricity generated from renewables like solar or wind power or from nuclear energy and the grid.
Moreover, the chemical reaction in fuel cells generates electricity, which is stored within the Li-ion battery pack within the aircraft. In addition, the use of both batteries and fuel cells in combination can deliver sustainable electrical power. Furthermore, when the stored reactants in a battery are used up, a fuel cell continues to work as long as its external fuel supply lasts. Hence, such factors are positively impacting the commercial aircraft battery management system market. Therefore, it is expected to drive the market growth during the forecast period.
One of the most appropriate technological solutions for electric aircraft is Li-ion batteries. In addition, they offer advantages, such as power density and improved charging cycle life. However, these batteries require proper monitoring and protection to operate within optimum working conditions. Furthermore, the challenge for BMS manufacturers is that there is no standard for BMS, and hence, it is difficult to maximize economies of scale.
Moreover, there is no clear and precise definition of what constitutes a BMS for Li-ion batteries, which is universally accepted by all stakeholders, including developers, manufacturers, integrators, and users. As a result, it has led to consequences, such as multiple and inconsistent BMS interpretations, ineffective battery, BMS, and system designs that may be overly complex or too simple, a rise in cost with an increase in levels and phases of development, and an increase in development time. Hence, such factors hinder the market growth during the forecast period.
The centralized segment is estimated to witness significant growth during the forecast period. This segment continuously monitors the health of individual batteries and battery modules within the aircraft's battery systems. In addition, it tracks parameters such as voltage, current, temperature, and state of charge to assess the condition of each battery. Furthermore, the BMS optimizes the use of the battery systems to ensure that they are used efficiently, extending their lifespan and maintaining their capacity.
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The centralized segment was the largest segment and was valued at USD 98.23 million in 2018. Moreover, it manages charge and discharge rates to prevent overuse or overcharging. In addition, the centralized BMS monitors and controls the temperature of the battery system, preventing overheating or extreme cold conditions, which can affect battery performance and safety. Furthermore, this segment records real-time data related to battery performance, which is valuable for monitoring, analysis, and maintenance. Hence, these data can be used to predict when maintenance is required and assess battery performance over time. Therefore, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
Based on type, the segment is classified into lithium-ion, nickel-cadmium, and lead-acid. The Li-ion batteries segment is preferred in electric aircraft because of their increased power density, which enables them to hold a larger amount of power compared to lead-acid and Ni-Cd batteries. In addition, this segment demands considerably less maintenance than Ni-Cd and lead-acid batteries. Moreover, the lifecycle of Li-ion batteries is highly dependent on the charging and discharging range. Therefore it is essential to have the aircraft battery management system ensure optimal charge limits always. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
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North America is estimated to contribute 36% to the growth by 2028. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The main factor that is fuelling the growth of the commercial aircraft battery management system (BMS) market in North America is the robust aviation base in countries including the US, Canada, and Mexico. In addition, the increase in the global demand for new aircraft procurement has also created a parallel requirement for investing in aerospace component and equipment manufacturing. Moreover, this has channelized substantial funds into the commercial aircraft battery management system market in the region. Furthermore, aircraft battery management system manufacturers have been investing in enhancing their production technologies to help aircraft original equipment manufacturers (OEMs) address the growing concerns due to battery failures. Therefore, such factors are driving the market growth in North America during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global commercial aircraft battery management system market witnessed a significant slowdown due to the closure of manufacturing facilities and disruptions in the supply chain, which reduced the demand for commercial aircraft and hindered the market in North America. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the restoration of operations in manufacturing units. Such factors are expected to drive the market during the forecast period
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Acme Aerospace Inc and Avionic Instruments LLC: The company offers commercial aircraft battery management systems with DSP converters, DSP inverters, and 270 VDC TRUs.
We also have detailed analyses of the market’s competitive landscape and offer information on 16 market companies, including:
AXTER AEROSPACE S.L., Concorde Battery Corp., Creare LLC, EaglePicher Technologies LLC, Elithion Inc., EnerSys, Kanto Aircraft Instrument Co. Ltd., MarathonNorco Aerospace Inc., MGM COMPRO International s. r. o., Mid Continent Instrument Co. Inc., PIPISTREL doo, Silicon Engineering Pty Ltd., Thales Group, and TotalEnergies SE.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The commercial aircraft battery management system market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Commercial Aircraft Battery Management System Market Scope |
|
Report Coverage |
Details |
Page number |
167 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.98% |
Market Growth 2024-2028 |
USD 137.4 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.46 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 36% |
Key countries |
US, Canada, China, France, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Acme Aerospace Inc and Avionic Instruments LLC, AXTER AEROSPACE S.L., Concorde Battery Corp., Creare LLC, EaglePicher Technologies LLC, Elithion Inc., EnerSys, Kanto Aircraft Instrument Co. Ltd., MarathonNorco Aerospace Inc., MGM COMPRO International s. r. o., Mid Continent Instrument Co. Inc., PIPISTREL doo, Silicon Engineering Pty Ltd., Thales Group, and TotalEnergies SE |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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