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The aircraft batteries and accessories are majorly used to start engines and auxiliary power units (APUs) for a variety of functions, such as acting as a buffer in regulating DC network voltage, and ensuring acceptable power quality for the equipment connected to it. In case of in-flight general electrical failure, the aircraft depends on batteries to power the essential loads until landing and evacuation. The commercial aircraft batteries and accessories market is expected to grow at a CAGR of more than 6% from 2014 to 2019.
The global aircraft batteries and accessories market will be driven mainly due to the increasing cost of aviation fuel, which is forcing manufacturers to opt for more fuel efficient aircraft. Along with fuel efficient aircraft, manufacturers are also looking at More Electric Aircraft (MEA) concepts. With most of the primary functions of the aircraft being powered by the electrical system, manufacturers want to invest in new technologies that are highly reliable, less hazardous, and offer reduced maintenance cost.
Asia Pacific market for commercial aviation batteries is expected to dominate other regions in near future. China is the key market accounting for almost half the market share followed by Japan and India.
The analysis is based on various segmentations that include battery chemistry, aircraft type, and regional analysis. By battery chemistry, the market is sub-segmented into Nickel Cadmium, Lithium Ion, and other battery types, while by aircraft type it is sub-segmented into very large aircrafts, wide body aircrafts, narrow body aircrafts, and regional jets. The regional analysis includes the Asia Pacific (APAC), North American, Latin American, European, and Middle East, and African regions.
Complete report is available @ http://www.reportsnreports.com/reports/317884-global-batteries-and-accessories-market-research-report.html .