InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Aerospace and Defense Battery Market- (By Application (Space (Satellite, Launch Vehicle, Deep Space), Aircraft (Military, Civil and Commercial), UAV (Military, Civil and Commercial), Defense (Ground-Based (Armored Vehicle, Operating Base), Marine Based (Destroyer, Frigate, Submarine, Unmanned Underwater Vehicles)), By Battery Type (Lithium-Based Battery (Lithium Polymer Battery, Lithium-Ion Battery), Nickel-Based Battery (Nickel-Cadmium (NiCd) Battery, Nickel-Metal Hydride Battery), Thermal Battery, Others), By Sales (OEM, Aftermarket)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031.”
According to the latest research by InsightAce Analytic, the Global Aerospace and Defense Battery Market is valued at US$ 9.08 Bn in 2023, and it is expected to reach US$ 16.39 Bn by 2031, with a CAGR of 7.84% during the forecast period of 2024-2031.
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Battery devices utilized in Defense and Aerospace sectors consist of one or more cells that transform chemical energy into electrical energy. Aircraft batteries are vital for starting the Auxiliary Power Unit (APU) and/or engines, as well as powering up the electrical system during pre-flight. The APU or engine(s) power generators give electricity to electrical circuits and recharge batteries as soon as they start up. When all generators fail or need to be isolated, battery power is available as a backup.
In contrast, they ordinarily offer the usual electrical power when functioning. To address this demand, various high-energy-density battery solutions have arisen as a result of developments in battery materials and technology. The aviation industry’s contributions to a more sustainable world are well-known and widely lauded. There is no airplane noise when employing electric engines because they do not generate the noise as jet or combustion engines do. The growing usage of UAVs (unmanned aerial vehicles) and drones for surveillance, reconnaissance, and combat activities increases demand for lightweight, high-capacity batteries. To support their missions, these systems require improved energy storage options.
List of Prominent Players in the Aerospace and Defense Battery Market:
- Bren-Tronics, Inc.
- Concorde
- ECOBAT
- GS Yuasa International Ltd.
- Lincad
- Navitas System
- Saft
- Sion Power Corporation
- WAE Technologies Limited
- Shift
- DENCHI POWER
- Kokam
- Enersys
- EXIDE Technologies
- Mathew Associates
- Navitas Systems
- Teledyne Technologies
- Cell-Con
- Leclanche Sa
- Sterling Planb Energy Solutions
- Lifeline Batteries
- BST Systems, Inc.
- Eaglepicher Technologies
- Arotech Corporation
- Ultralife Corporation
- Korea Special Battery Co., Ltd.
Market Dynamics:
Drivers-
Due to technological breakthroughs and the advent of new applications of batteries in space, aircraft, UAVs, and the defense sector, the worldwide aerospace and defense battery market has grown exceptionally in recent years. This increase is primarily driven by the government’s initiatives to enhance the electrification of these industries, which have shown steady expansion and significant growth. Furthermore, the market is being boosted by the increasing use of commercial UAVs by e-commerce firms and other civil professionals such as videography, remote monitoring, and others. Moreover, battery makers have developed different battery solutions that can cater to a variety of aircraft based on their operational requirements due to advancements in materials used in battery components.
Challenges:
An aviation battery can operate effectively at low temperatures and a high discharge rate. A high rate of discharge for an extended period, on the other hand, typically warps the cell plates and shorts out the battery. The duration of the service interval (in the case of vented batteries), climatic variables (such as excessive heat or cold), and electrolyte leakage are all reasons why batteries must be replaced on a regular basis. If the battery requires regular charging yet there is no trace of an outside leak, the battery, the battery charging mechanism, or an overcharge issue may require repair. Because of the criticality of battery-related potential risks, it is critical that batteries be replaced on a regular basis to maintain optimal flying and aircraft safety.
Regional Trends:
The North America Aerospace and Defense Battery Market is expected to register a major market share in terms of revenue and it is projected to grow at a high CAGR in the near future. The North American region has the most aerospace battery manufacturers of any location. North America also spends extensively on research and development of innovative battery technology essential for current and future aircraft technologies. Furthermore, increased alliances and partnerships in North America involving battery producers, aerospace businesses, and academic institutes promote innovation. These agreements aim to create cutting-edge battery technologies, such as solid-state batteries and enhanced energy storage solutions, having significant impact on market growth in the next years.
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Recent Developments:
- In Feb 2023, Ecobat initiated the construction of its third facility dedicated to recycling lithium-ion batteries, representing its inaugural foray into North America. The newly established factory in Casa Grande, Arizona, initially generated an expected annual output of 10,000 tons of recycled material, with intentions to enhance its capacity to meet the increasing requirement for recycling lithium-ion batteries.
- In July 2022, Exide Industries started an establishment of a facility in Bengaluru dedicated to the production of lithium-ion battery cells. It was reported to the exchange by the company that a sales agreement for the establishment of an 80-acre facility had been executed by its subsidiary.
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Segmentation of Aerospace and Defense Battery Market-
By Application-
- Space
- Satellite
- Launch Vehicle
- Deep Space
- Aircraft
- Military
- Civil and Commercial
- UAV
- Military
- Civil and Commercial
- Defense
- Ground-Based
- Armored Vehicle
- Operating Base
- Marine Based
- Destroyer
- Frigate
- Submarine
- Unmanned Underwater Vehicles
- Ground-Based
By Battery Type-
- Lithium-Based Battery
- Lithium Polymer Battery
- Lithium-Ion Battery
- Nickel-Based Battery
- Nickel-Cadmium (NiCd) Battery
- Nickel-Metal Hydride Battery
- Thermal Battery
- Others
By Sales-
- OEM
- Aftermarket
By Region-
North America-
- The US
- Canada
- Mexico
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific-
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America-
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of Middle East and Africa
Details insights on this market: https://www.insightaceanalytic.com/report/aerospace-and-defense-battery-market/2312
Why should buy this report:
- To receive a comprehensive analysis of the prospects for the global Aerospace and Defense Battery Market
- To receive an industry overview and future trends in the global Aerospace and Defense Battery Market
- To analyze the Aerospace and Defense Battery Market drivers and challenges
- To get information on the Aerospace and Defense Battery Market size value (US$ Mn) forecast till 2031
- Major Investments, Mergers & Acquisitions in the global Aerospace and Defense Battery Market industry
Other Related Reports Published by InsightAce Analytic:
Battery Manufacturing Scrap Recycling Market
Lithium-ion Battery Recycling Market
Hydrogen Energy Storage Market
Lithium Iron Phosphate Batteries Market
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