Global Military Aircraft Battery Market 2017-2021
About Military Aircraft Battery
Military aircraft forms an important part of any country’s arsenal, and the global military aircraft market is expected to register a high growth rate during the forecast period. The investment in the sector is growing driven by ongoing international territorial disputes, civil unrest, internal and external security threats, and existing fleet replacement and modernization programs across the world. Countries are increasingly focusing on developing and procuring aircraft of the most advanced generation, manufactured with the latest composite materials and equipped with high-end engines, landing gear, and batteries.
Technavio’s analysts forecast the global military aircraft battery market to grow at a CAGR of 4.04% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global military aircraft battery market for 2017-2021. To calculate the market size, the report considers new installations of batteries in military aircraft.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Military Aircraft Battery Market 2017-2021
Technavio recognizes the following companies as the key players in the global military aircraft battery market: Concorde Battery, Cella Energy, Sion Power, Saft, and Tadiran Batteries Germany.
Other Prominent Vendors in the market are: EaglePicher, Teledyne Technologies, and GS Yuasa International.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growing demand for more electric aircraft (MEA). The growing demand for MEA is having a positive impact on the global military airborne platform market. The change in industry dynamics in favor of fuel-efficient aircraft is one of the major factors boosting the demand for MEA. The first phase of MEA development is expected to extend till 2023 and will focus on leveraging the current technologies and their improved versions for use in aircraft engines and systems.”
According to the report, one of the major drivers for this market is growing usage of Li-ion batteries. Li-ion batteries are highly efficient rechargeable batteries that are used in portable electronic devices. These batteries have very less memory effect and high energy density and ensure the efficient use of charge. Because of these properties, the use of Li-ion batteries in aircraft is gaining momentum. However, it can be slightly challenging to use these batteries for military applications because they contain a flammable electrolyte. Despite this drawback, the high-power density of these batteries is driving their use in military aircraft. As a result, the demand for Ni-Cd and nickel-metal-hydride (batteries is decreasing significantly.
Further, the report states that one of the major factors hindering the growth of this market is thermal challenges associated with li-on batteries. The market for military aircraft batteries (Li-on batteries) is growing rapidly due to the increasing demand for airborne platforms, globally. Parameters such as efficiency, life span, discharge rate, and density play a pivotal role in selecting batteries for aircraft. Li-ion batteries possess the thermal management property, which is critical to maintaining a long life span. However, high temperature and pressure can degrade or shorten the life span of these batteries.
Concorde Battery, Cella Energy, Sion Power, Saft, Tadiran Batteries Germany, EaglePicher, Teledyne Technologies, and GS Yuasa International.
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