Aerospace Battery Technology Market: Overview

The high capacity energy carrier element and an integral component in an aircraft called heavy batteries was developed to power aircrafts in the early nineteenth century. With the advent of innovations in technology, by the end of the 20th century, battery technology underwent several developments; for example, nickel-cadmium rechargeable batteries (NiCad) were introduced. Different types of batteries are developed today. Few of the types of batteries include lead acid battery, nickel-cadmium battery, nickel-metal hydride battery, lithium-ion/lithium-polymer battery and lithium metal battery. The lead acid batteries, either valve regulated or vented, are heavy with low energy density and are often used in aircrafts as the main battery. Nickel-cadmium batteries require very low maintenance, have a wide operating range and are reliable. Nickel-metal hydride batteries are the ideal batteries for higher requirements w.r.t capacity as they possess high energy density.

In aircrafts, they are generally used to power complementary systems such as emergency doors, entertainment devices and escape path lighting. Lithium-ion and lithium-polymer batteries are rechargeable and are called as lithium secondary batteries. Lithium-metal batteries are lithium primary batteries and are non-rechargeable.

The choice of battery used in an aircraft depends upon the type of aircraft and the feasibility quotient of the battery in alignment with the usability in that aircraft. Big air carriers and helicopters use nickel-cadmium batteries; small aircrafts and some business jets use valve regulated lead acid batteries (VRLA) and nickel-cadmium batteries. The global aerospace battery technology market is expected to experience good growth potential in the forecasted period.

Aerospace Battery Technology Market: Growth Drivers

Due to increased fuel costs in aviation, manufacturers are compelled to develop fuel efficient air carriers and also adopt the MEA (More Electric Aircraft) concept. In the MEA concept, all the main functions in an aircraft would be driven electrically. The manufacturers would be investing in technologies that provide efficiency; are highly reliable; have lower maintenance costs; and are less hazardous. Weight reduction is another upcoming trend and is creating the need for advanced battery technology. Lithium-ion is a possible option serving this change. Low self-discharging ability of batteries contribute to the growth of the global aerospace battery technology market. The adoption of technologies that are reliable, fuel efficient and have low maintenance; along with an increase in the number of aircraft carriers has accelerated the growth of the global aerospace battery technology market.

Aerospace Battery Technology Market: Growth Restraints & Challenges

Challenges associated with the global aerospace battery technology market are owing to the limitations of the batteries used in aircraft carriers. Limitations such as battery leakages, battery internal short circuit causing battery failure, explosions due to overcharging of the batteries, excessive charging rates resulting in fuming and battery over discharge are major hindrances challenging the growth of the global aerospace battery technology market. To solve the problems caused due to the abovementioned battery limitations, more cost needs to be incurred and also the system needs high maintenance, thereby increasing the maintenance costs. These restraints are hampering the growth of the global aerospace battery technology market.

Aerospace Battery Technology Market: Key Regions

Regions such as North America, Europe, APEJ, Japan, China, Latin America, Middle East and Africa are likely to show good growth movements with respect to the global aerospace battery technology market. The U.S market dominates the North America region. North America has shown a steady growth rate and is expected to lead in the global aerospace battery technology market. Eastern and Western European regions are striving to restore their hold in the battery technology for aircraft carriers, thereby showing potential growth indications in the global aerospace battery technology market. The Asia Pacific region is expected to grow at a higher rate during the forecast period; China showing signs to be the key market followed by India and Japan in the global aerospace battery technology market.

Aerospace Battery Technology Market: Key Manufacturers

Some of the manufacturers operating in the global aerospace battery technology market include the SAFT Group, Eagle Picher Technologies, Concorde Battery Corporation, TransDigm Group Inc. and EnerSys.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

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