Commercial Aircraft Battery Market Growth by Applications, Region and Market Trends Forecast 2017-2022

Moreover, it plays a major role in assisting the functioning of electrical power equipment in the
situations of a power failure. The manufacturers are advancing the product with the help of
nanotechnology in order to raise the operation and performance level of the batteries. The market is
gaining huge recognition across the globe due to rising applications and prerequisites.
The factors that are acting as major boosters to the Commercial Aircraft Battery market growth may
include rise in the industrialization, urbanization, economic development, augmented demands by
the commercial aircraft and aviation sector, product differentiation, constant innovations, rise in the
awareness among the end users, increase in the production, rise in the employment of Li-ion
batteries, and mounting investments by the leading manufacturers. The challenges that the
Commercial Aircraft Battery market is facing may include thermal runaway confrontations linked with
Li-on batteries, probability of malfunctioning, and rise in the risks of fire incidents and aircrafts
accidents.
Commercial Aircraft Battery Market is classified by battery chemistry as Lithium-Based, Lead Acid
Batteries, Nickel-Based, and others. Among all the battery chemistries, it has been noticed that the
Lithium-Based sector is currently holding a significant share in the market, due to its durability
feature, effective functioning, low maintenance requirement, and high fuel efficiency. Commercial
Aircraft Battery Industry is segregated by geographical region as North America, Europe, China, Japan,
Southeast Asia, and India. Among all the geographical regions, Asia Pacific is currently been
considered as the dominant region in the market and is accounting for a significant share in the
market. It is anticipated that the region will go on growing with the same pace until next few years.
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The factors that can be attributed to the particular regions growth may include rise in the number of
aircrafts in the particular region, innovations, burgeoning demands, easy availability of the product at
much lower prices, and rise in the focus on the manufacturing of aircraft batteries by the government
authorities. Countries including South Korea, Taiwan, Japan, and China have been deemed as the
major contributors to the market growth. On the other hand, North America and Europe are also
showing a robust growth due to rising market growth opportunities in these regions. The key players
operating in the Commercial Aircraft Battery Market are recognized as Cella Energy, Saft, Aerolithium