Aircraft Battery Market Worth 667.8 Million USD by 2022

PUNE, India, March 7, 2018 /PRNewswire/ --

According to the new market research report "Aircraft Battery Market by Offering (Product- Battery (NICAD, Lithium Ion, Lead Acid, Others), BMS, Services) Application (Propulsion, APU, Emergency), Aircraft Type, End User, Power Density, Aircraft Technology, and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market is projected to grow from an estimated USD 475.0 Million in 2017 to USD 667.8 Million by 2022, at a CAGR of 7.05% from 2017 to 2022.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 85 Tables and 37 Figures spread through 131 Pages and in-depth TOC on "Aircraft Battery Market - Global Forecast to 2022"

https://www.marketsandmarkets.com/Market-Reports/aircraft-battery-market-50723530.html

Early buyers will receive 10% customization on this report 

Aircraft manufacturers are increasingly shifting towards the More Electric Architecture (MEA) that involves majority of non-propulsive systems in an aircraft being powered by electricity. The growing shift toward the more electric aircraft technology is expected to propel the demand for aircraft batteries during the forecast period.

The UAV segment under the aircraft type is witnessing strong growth in the aircraft battery market. Drones are widely accepted by the defense sector worldwide, owing to their limited operational costs in comparison to manned aircraft and benefits offered by them to defense forces. Moreover, there have been huge R&D investments in the field of drones that have widened their applicability in mining, surveying, 3D mapping, and oil & gas exploration activities, among others.

Based on end user, the OEM segment is projected to lead the aircraft battery market during the forecast period. 

Based on end user, the OEM segment is expected to lead the aircraft battery market during the forecast period. In the aviation industry, aircraft are manufactured and delivered to airlines with aircraft battery technology already installed in the aircraft. Original Equipment Manufacturers (OEMs) are responsible for the installation of battery components. This has become a suitable alternative for airline companies, as post the delivery of aircraft, modification becomes cumbersome for aircraft manufacturers.

Download PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=50723530

Based on offering, the product segment of the aircraft battery market is projected to witness the highest growth during the forecast period. 

Based on offering, the product segment of the aircraft battery market is projected to witness the highest growth during the forecast period. The product segment includes all the battery types and battery management systems used in aircraft. As the aircraft architecture is moving more towards electrical systems, the need for better and more number of batteries is driving the product segment of the aircraft battery market.

The North America region is expected to lead the aircraft battery market during the forecast period 2017 to 2022. 

The North America region is expected to lead the aircraft battery market during the forecast period. The growth of the North America aircraft battery market is driven by factors such as the rapid growth in the aircraft manufacturing, technological advancements in aircraft architecture, and growth in the electric aircraft industry. Thus, the market for aircraft batteries is expected to witness considerable growth in the region following the increased demand from various applications.

Major companies profiled in the aircraft battery market report are Concorde Batteries (US), Saft (France), EnerSys (US), EaglePitcher (US), and Gill Batteries (US), among others.

Know more about Aircraft Battery Market:  

https://www.marketsandmarkets.com/Market-Reports/aircraft-battery-market-50723530.html

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit Our Blog@ http://mnmblog.org/market-research/aerospace-defence

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets



Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos and customised feeds just for media.

View and download archived video content distributed by MultiVu on The Digital Center.

 

Get content for your website

Enhance your website's or blog's content with PR Newswire's customised real-time news feeds.
Start today.

 

 
 

Contact PR Newswire

Send us an email at indiasales@prnewswire.co.in or call us at +91 22 6169 6000

 

 
 

Become a PR Newswire client

Request more information about PR Newswire products & services or call us at +91 22 6169 6000

 

 
  1. Products & Services
  2. Knowledge Centre
  3. Browse News Releases
  4. Contact PR Newswire