The Report “Global Commercial Aircraft Batteries and Accessories Market- by Aircraft Type (Very Large Aircraft, Wide-Body Aircraft, Narrow-Body Aircraft & Regional Jets), by Battery Chemistry (Nickel Cadmium, Lithium Ion & Others) - Trend & Forecast to 2019”, is estimated to reach $175.9 million by 2019, growing at a CAGR of 7.3% from 2014 to 2019.
Browse through the TOC of the Global Commercial Aircraft Batteries and Accessories Market for an analysis of industry trends and segments, with the help of various tables and figures.
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The aircraft batteries are essential component which are majorly used to start engines and auxiliary power units (APUs) for a variety of functions, such as acting as a buffer in regulating DC network voltage, and ensuring acceptable power quality for the equipment connected to it. In case of in-flight general electrical failure, the aircraft depends on batteries to power the essential loads until landing and evacuation.
The global aircraft batteries and accessories market will be driven due to the increasing cost of aviation fuel, which is forcing manufacturers to opt for more fuel efficient aircrafts. Along with fuel efficient aircraft, manufacturers are also looking at More Electric Aircraft (MEA) concepts. With most of the primary functions of the aircraft being powered by the electrical system, manufacturers want to invest in new technologies that are highly reliable, less hazardous, and offer reduced maintenance cost.
Also, the number of aircraft in service are expected to double in number over the next two decades keeping in mind the demand for air traffic and GDP. This indicates that there would be a rapid growth in manufacturing of new aircraft demanding installation of new technology aircraft batteries that will drive the aircraft and accessories market.
With GDP forecast to rise in next 10 years, developing countries such as China and India have huge potential in the market. China, in recent times, has become a market for huge foreign investments due to the stable growth and the robust developments made within the economy. Because of the aforementioned reasons, the Asia-Pacific market is expected to gain the supremacy in the aircraft batteries and accessories market and the rest regions to follow.
The batteries and accessories market has been classified into battery chemistries, type of aircraft, and geography. Battery chemistries are further classified into Nickel Cadmium batteries, Lithium Ion batteries, and others. Others include battery chemistries like Lead Acid batteries, Nickel Metal Hydride batteries, hydrogen-based fuel cells, and flywheels. The aircrafts included in segmentation of the batteries and accessories market are Very Large Aircraft (VLA), Wide Body Aircraft (WBA), Narrow Body Aircraft (NBA), and Regional Jets (RJ). This report discusses the market opportunities for the above mentioned categories across all regions of North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
This report includes market share and value chain analyses, along with the market metrics, such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in the market.
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