02 August 2019
The Aircraft Battery market is estimated to witness a Compound Annual Growth Rate (CAGR) of 6.1 per cent from 2019 to 2030.
Commercial aircraft manufacturers are currently renewing their push for more electric and all-electric fleets which is having a profound, driving effect on the Aircraft Battery market.
The defence sector’s widespread use of Unmanned Arial Vehicles (UAVs) is also positively affecting the growth of this market. There is a desire for cost-effective batteries that are compact yet powerful and can cope with the changing conditions of hostile environments.
Visiongain anticipates that global investment and consolidation will be healthy over the next decade or so, with demand for advanced battery solutions continuing to rise and environmental concerns becoming more and more of a priority.
Leading companies such as Tesla Industries, GS Yuasa International, Teledyne Technologies International Corp, Meggitt PLC and EnerSys, among others, are active in this USD 545.4 million market.
The Senior Aviation Analyst said: "There are several, major factors currently driving the Aircraft Battery market forward, such as the new era of electric flight and global proliferation of drone technology.
"However, we also must not dismiss the impact of other, less significant drivers. For example, we are seeing great advancements being made in aircraft manufacturing processes, the large-scale electrification of vital, onboard systems and military modernisation programmes being implemented around the world.
"Delays associated with the procurement of aircraft, especially in the defence sector, is not expected to restrain the Aircraft Battery industry substantially.
"This is why, all things considered, visiongain predicts that the market will register strong, stable growth over the next few years."
Note for Editors
If you are interested in a more detailed overview of this report, please send an email to firstname.lastname@example.org or call her on +44 (0) 207 336 6100.
Visiongain is a leading business intelligence provider, publishing market reports for the automotive, aviation, chemicals, construction, cyber, defence, electronics, energy, food & drink, IT, maritime, materials, packaging, pharmaceutical, renewable energy, telecoms and utilities sectors.
We are one of the fastest growing and most innovative independent research companies in Europe. Based in London, UK, visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional who needs independent, high-quality, original material to rely and depend on.
The global drone services market was valued at US$13,987 million in 2021 and is projected to grow at a CAGR of 19.8% during the forecast period 2022-2032.
09 May 2022
As the number of passengers increases, so do the security procedures that must be taken, demanding increased investments in passenger screening equipment.
30 March 2022
One of the significant chances for the growth of the aircraft flight control system market is the emergence of new aircraft manufacturers in the Asia Pacific and Latin American regions.
25 February 2022
Much of the rise in private aviation can be attributed to the worldwide explosion of on-demand chartering, membership programmes, and fractional ownership, all of which aim to meet the travel needs of the world’s wealthiest people and business leaders.