Aircraft Battery Market

Aircraft Battery Market Segmentation by Battery Type (Nickel-Based Battery, Lead Acid Battery, and Lithium-Ion Battery); by Application {Propulsion, Auxiliary Power Unit (APU), Emergency, and Others}; by Aircraft Type (Civil Aviation, Military Aviation, and Others); by Supplier (Original Equipment Manufacturer, and Aftermarket); by Aircraft Technology (Traditional Aircraft, and Others); and by Power Density – Global Demand Analysis & Opportunity Outlook 2020-2030

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Report ID: 3518 | Published On: Apr 07, 2022
  1. Introduction
    • Market Definition
    • Market Segmentation
    • Product Overview
  2. Assumptions and Acronyms
  3. Research Methodology
  4. Research Process
    • Primary Research
    • Manufacturers
    • Distributors
    • End Users
    • Secondary Research
    • Market Size Estimation
  5. Executive Summary - Global Advanced Therapy Medicinal Products Market
  6. Analysis of Market Dynamics
  7. Drivers
  8. Trends
  9. Key Market Opportunities for Business Growth
  10. Major Roadblocks for the Market Growth
  11. Regulatory & Standard Landscape
  12. Value Chain Analysis
  13. Potential ATMP Treatment Analysis
  14. Pricing Analysis of Global Advanced Therapy Medicinal Products Market
  15. Use Case Analysis
  16. Pipeline Analysis
  17. Analysis on the Manufacturing Process
  18. Analysis of COVID-19 Impact on the Global Advanced Therapy Medicinal Products Market
  19. Analysis of End-User Market Share of Global Advanced Therapy Medicinal Products
  20. Competitive Positioning
  21. Competitive Landscape
  22. Market Share Analysis of Major Players (%), 2021
  23. Competitive Benchmarking
  24. Novartis AG.
  25. Takeda Pharmaceutical Company Limited
  26. Gilead Sciences, Inc.
  27. Bluebird Bio, Inc
  28. BioMarin Pharmaceutical Inc
  29. Vericel Corporation
  30. Mallinckrodt Pharmaceuticals
  31. UniQure N.V.
  32. JCR Pharmaceuticals Co., Ltd.
  33. Spark Therapeutics, Inc. (Parent Company: Roche)
  34. Kolon TissueGene, Inc.
  35. Global Advanced Therapy Medicinal Products Market Outlook
  36. By Value (USD million)
  37. By Product
  38. CAR-T Therapy, 2021-2031F (USD million)
  39. Gene Therapy, 2021-2031F (USD million)
  40. Cell Therapy, 2021-2031F (USD million)
  41. Tissue Engineered Product, 2021-2031F (USD million)
  42. By Disease
  43. Oncology, 2021-2031F (USD million)
  44. Genetic Disorders, 2021-2031F (USD million)
  45. CNS, 2021-2031F (USD million)
  46. Dermatology, 2021-2031F (USD million)
  47. Others, 2021-2031F (USD million)
  48. By End-User
  49. Hospitals & Clinics, 2021-2031F (USD million)
  50. Research & Academic Institutes, 2021-2031F (USD million)
  51. Global Advanced Therapy Medicinal Products Market by Region
  52. North America, 2021-2031F (USD million)
  53. Europe, 2021-2031F (USD million)
  54. Asia-Pacific, 2021-2031F (USD million)
  55. Latin America, 2021-2031F (USD million)
  56. Middle East & Africa, 2021-2031F (USD million)
  57. North America Advanced Therapy Medicinal Products Market Outlook
  58. By Value (USD million)
  59. By Product
  60. CAR-T Therapy, 2021-2031F (USD million
  61. Gene Therapy, 2021-2031F (USD million)
  62. Cell Therapy, 2021-2031F (USD million)
  63. Tissue Engineered Product, 2021-2031F (USD million)
  64. By Disease
  65. Oncology, 2021-2031F (USD million)
  66. Genetic Disorders, 2021-2031F (USD million)
  67. CNS, 2021-2031F (USD million)
  68. Dermatology, 2021-2031F (USD million)
  69. Others, 2021-2031F (USD million)
  70. By End-User
  71. Hospitals & Clinics, 2021-2031F (USD million)
  72. Research & Academic Institutes, 2021-2031F (USD million)
  73. By Country
  74. US, 2021-2031F (USD million)
  75. Canada, 2021-2031F (USD million)
  76. Europe Advanced Therapy Medicinal Products Market Outlook
  77. By Product
  78. By Disease
  79. By End User
  80. By Country
  81. UK, 2021-2031F (USD Million)
  82. Germany, 2021-2031F (USD Million)
  83. France, 2021-2031F (USD Million)
  84. Italy, 2021-2031F (USD Million)
  85. Spain, 2021-2031F (USD Million)
  86. Russia, 2021-2031F (USD Million)
  87. Netherlands, 2021-2031F (USD Million)
  88. Rest of Europe, 2021-2031F (USD Million)
  89. Asia Pacific Advanced Therapy Medicinal Products Market Outlook
  90. By Product
  91. By Disease
  92. By End User
  93. By Country
  94. China, 2021-2031F (USD Million)
  95. India, 2021-2031F (USD Million)
  96. Japan, 2021-2031F (USD Million)
  97. South Korea, 2021-2031F (USD Million)
  98. Singapore, 2021-2031F (USD Million)
  99. Australia, 2021-2031F (USD Million)
  100. Rest of Asia-Pacific, 2021-2031F (USD Million)
  101. Latin America Advanced Therapy Medicinal Products Market Outlook
  102. By Product
  103. By Disease
  104. By End User
  105. By Country
  106. Brazil, 2021-2031F (USD Million)
  107. Argentina, 2021-2031F (USD Million)
  108. Mexico, 2021-2031F (USD Million)
  109. Rest of Latin America, 2021-2031F (USD Million)
  110. Middle East & Africa Advanced Therapy Medicinal Products Market Outlook
  111. By Product
  112. By Disease
  113. By End User
  114. By Country
  115. GCC, 2021-2031F (USD Million)
  116. Israel, 2021-2031F (USD Million)
  117. South Africa, 2021-2031F (USD Million)
  118. Rest of Middle East & Africa, 2021-2031F (USD Million)

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Inflation and Looming Recession to Haunt Businesses:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


In The News

  • June 24, 2021: Meggit PLC has announced a collaboration with Ansys, Inc. to create next-generation aircraft technologies for meeting stringent greenhouse gas reduction guidelines and for satisfying strict flight certification requirements.


Global Aircraft Battery Market Highlights Over 2020 - 2030

The global aircraft battery market is estimated to garner a revenue of USD 1068.7 Million by the end of 2030, by growing at a CAGR of 7.26% over the forecast period, i.e., 2021 – 2030. Moreover, in the year 2020, the market attained a revenue of USD 539.2 Million. The growth of the market can be attributed to growing demand for aircrafts, backed by the rising urbanization, and for the transitional shift towards electric aircrafts worldwide. According to the statistics by the World Bank, urban population as a share of global population increased from 43.029% in the year 1990 to 56.15% in the year 2020. On the other hand, according to the statistics by the General Aviation Manufacturers Association, the total number of aviation airplane shipments globally increased from 1132 units in the year 1994 to 2399 units in the year 2020. Batteries are a vital part of any modern aircraft as it is used in various applications, such as cranking of engine, starting standby power unit, canopy opening, and others. Over the last decade, the growth in passenger air travel has witnessed a massive growth, and is driving the need for advanced aircrafts. The surge in the adoption of aircrafts is therefore projected to drive the demand for aircraft batteries, and in turn drive the market growth. Moreover, growing adoption of commercial and recreational drones worldwide, along with the increasing effectiveness of aircraft batteries are also expected to create numerous opportunities for market growth.

Aircraft Battery Market Graph

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Regionally, the global aircraft battery market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America region garnered the largest revenue of USD 194.3 Million in the year 2020, and is further expected to touch USD 394.3 Million by the end of 2030. The growth of the market in the region can primarily be attributed to the growing demand for air transport, which in turn is driving the need for aircrafts, and in turn the demand for aircraft batteries. In the other statistics by the World Bank, the number of passengers carried through air transport increased from 732006924 numbers in the year 2009 to 1.02 Billion in the year 2019. On the other hand, the market in the Asia Pacific is anticipated to grow with the highest CAGR of 8.35% during the forecast period, and further touch a revenue of USD 260.4 Million by the end of 2030. The market in the region is further segmented by country into India, China, Japan, South Korea, Australia, and the Rest of Asia Pacific. Out of the market in these countries, the market in China is projected to garner the largest revenue of USD 119.9 Million by the end of 2030, up from USD 51.9 Million in the year 2020. Alternatively, the market in India is anticipated to grow with the highest CAGR of 9.87% during the forecast period. 

The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).


Aircraft Battery Market Regional Synopsis

Growth Drivers

  • Increasing Aircraft Shipments Worldwide
  • Growing Adoption of Unmanned Aerial Vehicles (UAVs)

Challenges

  • Operational Challenges with Batteries


Aircraft Battery Market Graph
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Growth Drivers and Challenges Impacting the Growth of the Global Aircraft Battery Market

The global aircraft battery market is segmented by battery type into nickel-based battery, lead acid battery, and lithium-ion battery. Out of these segments, the lead acid battery segment is anticipated to garner the largest revenue of USD 597.6 Million by the end of 2030, up from USD 289.9 Million in the year 2020. On the basis of application, the market is segmented into propulsion, auxiliary power unit (APU), emergency, and others. Amongst these segments, the auxiliary power unit (APU) segment garnered the largest revenue of USD 385.0 Million in the year 2020 and is further expected to touch a revenue of USD 786.0 Million by the end of 2030. By aircraft type, the market is segmented into civil aviation, military aviation, and others, out of which, the civil aviation segment is projected to garner the largest revenue of USD 887.4 Million by the end of 2030. Further, the market is segmented by supplier into original equipment manufacturer and aftermarket, out of which, the aftermarket segment is projected to grow with the highest CAGR of 7.70% during the forecast period. On the basis of aircraft technology, the market is segmented into traditional aircraft, and others. Amongst these, the traditional aircraft segment is projected to grow with a CAGR of 7.24% during the forecast period. Based on power density, the market is segmented into less than 100 Wh/Kg, and more than 100 Wh/Kg, out of which, the more than 100 Wh/Kg segment is projected to grow with the highest CAGR of 8.53% during the forecast period.


Global Aircraft Battery Market Segmentation Synopsis

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global aircraft battery market that are included in our report are Teledyne Technologies Incorporated, Concorde Battery Corporation, Kokam Co., Ltd., EnerSys, Sichuan Changhong Battery Co., Ltd., Mid-Continent Instrument Co., Inc., Saft, EaglePicher Technologies, HBL Power Systems Ltd., Meggit PLC, and others.


Key Questions Answered in the Report

1) What are the major factors driving the growth of the aircraft battery market?

Ans: The rising number of aircraft shipments around the world is one of the major factors anticipated to drive the growth of the market during the forecast period.

2) What would be the CAGR of aircraft battery market over the forecast period?

Ans: The market is anticipated to attain a CAGR of 7.26% over the forecast period, i.e., 2021-2030.

3) What are the challenges affecting the aircraft battery market growth?

Ans: The operational challenges that remain with batteries is one of the major factors estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of aircraft battery market in future?

Ans: The market in the Asia Pacific is anticipated to display significant business opportunities in the coming years.

5) Who are the major players dominating the aircraft battery market?

Ans: The major players in the market are Teledyne Technologies Incorporated, Concorde Battery Corporation, Kokam Co., Ltd., EnerSys, Sichuan Changhong Battery Co., Ltd., and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the aircraft battery market?

Ans: The market is segmented by battery type, application, aircraft type, supplier, aircraft technology, power density, and by region.

8) Which segment captures the largest market size in battery type segment in the aircraft battery market?

Ans: The lead acid battery segment is anticipated to garner the largest revenue of USD 597.6 Million by the end of 2030 and display significant growth opportunities.

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