Dublin, Aug. 27, 2019 (GLOBE NEWSWIRE) -- The "Aviation Battery Market by Type and Geography - Global Forecast and Analysis 2019-2023" report has been added to ResearchAndMarkets.com's offering.
Increasing demand for air transport
Owing to the rapid globalization and cargo movement, there has been a significant increase in air freight transportation across the world. This increasing demand is mainly driven by the rising number of passengers, rising purchasing power, and growing air traffic. Hence, the increase in the number of aircraft will spur the demand for aviation batteries driving the growth of the global aviation battery market at a CAGR of over 8% during the forecast period.
Increasing emergence of electric aircraft
Major aircraft manufacturers are focusing on developing battery-electric aerial vehicles to reduce noise and emissions from aircraft, helicopters, and jetliners. This is leading the companies to work on prototypes of electric aircraft and hybrid aircraft. The successful deployment of electric aircraft will drive the consumption of aviation batteries. This development is expected to have a positive impact on the overall market growth.
Market Dynamics
The report looks at factors such as increasing demand for air transportation, increasing disposable income of consumers, and increasing application of military UAVs. However, competition from fuel cells, safety concerns regarding Li-ion batteries, and stringent regulations regarding the use of military UAVs may hamper the growth of the aviation battery industry over the forecast period.
Segment Analysis
The aviation battery market analysis considers sales from nickel-based batteries, lithium-based batteries, and lead-based batteries. The analysis also considers the sales of aviation battery in America, APAC, Europe, and MEA.
In 2018, the nickel-based batteries segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as high reliability, minimal maintenance, and wide operating temperature range of Ni-Cd batteries will help the nickel-based batteries segment to maintain its market position.
Competitive Landscape
With the presence of several major players, the global aviation battery market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading aviation battery manufacturers, that include:
- Concorde Battery Corp.
- EaglePicher Technologies LLC
- GS Yuasa Corp.
- Kokam Co. Ltd.
- Saft Groupe S.A.
- Teledyne Technologies Inc.
Also, the aviation battery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Key Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY TYPE
- Comparison by type
- Nickel-based batteries - Market size and forecast 2018-2023
- Lithium-based batteries - Market size and forecast 2018-2023
- Lead-based batteries - Market size and forecast 2018-2023
- Market opportunity by type
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic comparison
- Americas - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
- Declining prices of Li-ion batteries
- Increasing emergence of electric aircraft
- Development of drone swarm technology
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Concorde Battery Corp.
- EaglePicher Technologies LLC
- GS Yuasa Corp.
- Kokam Co. Ltd.
- Saft Groupe S.A.
- Teledyne Technologies Inc.
For more information about this report visit https://www.researchandmarkets.com/r/877ibm
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.