Aerospace Battery Market Projected to Reach an estimated value of US$ 211.8 million in 2023


Posted October 30, 2018 by Stratview_Research

This report, from Stratview Research, studies the global aerospace & defense battery market over the trend period of 2012 to 2017 and the forecast period of 2018 to 2023.
 
The Global Aerospace & Defense Battery Market: Highlights
As per Stratview Research,the aerospace & defense battery market to reach an estimated value of US$ 211.8 million during the forecast period of 2012 to 2023, which offers an opportunity to the aerospace industry players to align themselves with the market growth.The author of the report stated that increasing production rates of major aircraft, such as B737, B787, A320, and A350XWB; expected entry of upcoming aircraft, such as MRJ and C919; growing aircraft fleet size, and advancement in technology are the key growth drivers of the aerospace & defense battery market.
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Narrow-body aircraft is expected to remain the largest segment in the aerospace & defense battery market during the forecast period driven by high production rates of major aircraft (B737 and A320 family); upcoming aircraft, such as C919 and MC-21; and growing fleet size. However, wide-body aircraft is projected to witness the highest growth in the same period, driven by increasing deliveries of B787 and A350XWB aircraft and upcoming aircraft, such as B777x and A330neo.
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In terms of battery type, nickel-cadmium is projected to remain the largest battery type in the global aerospace & defense industry during the forecast period, whereas lithium-ion is likely to be the fastest growing battery type in the same period.
As per the study, North America is expected to remain the largest market for battery in the aerospace & defense industry during the forecast period due to manufacturing base of commercial, regional, business jets, and military aircraft. However, Asia-Pacific is projected to grow at the highest rate over the next five years, driven by China, India, and Japan.
The global battery market in the aerospace & defense industry is highly consolidated with the presence of less than a dozen players. The key manufacturers are Saft Groupe S.A., GS Yuasa Corporation, Concorde Aircraft Batteries, Securplane Technologies Inc., and EnerSys. New product development and long term contacts with customers are the key strategies adopted by the major players to gain a competitive edge in the market.
Report Features
This industry research report from Stratview Research provides market intelligence in the most comprehensive manner. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the research report:
• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.
Category:Aerospace & Defence
https://www.stratviewresearch.com/market/report/Aerospace-Defense.html

Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
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Last Updated October 30, 2018