Global aircraft battery market is expected to be driven by increasing demand for electric aircraft technology in next 10 years

The global aircraft battery market revenue is expected to register a moderate CAGR over the forecast period. Preference towards use of electric aircraft technology is expected to create demand for aircraft batteries during the forecast period. Favorable government initiatives coupled with rapidly growing aerospace industry is expected to support growth of the market over the forecast period.

The global aircraft battery market report has been segmented on the product type, aircraft type, and region.

On the basis of product type, the global aircraft battery market is segmented based on nickel cadmium battery, lead acid battery, and lithium ion battery. The lithium ion battery segment is expected to account for significant revenue share of the market and is expected to register a CAGR of XX.X% over the forecast period.

On the basis of aircraft type, the global aircraft battery market is segmented based on civil aviation, military aviation, and unmanned aerial vehicle. The unmanned aerial vehicle segment is expected to witness fastest growth rate and is projected to register a CAGR of XX.X% over the forecast period.

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On the basis of region, the global market is segmented based on North America, Europe, Latin America, Asia Pacific and Middle East and Africa. Market in North America accounted for major revenue share of the market, when compared to other regions. Increasing adoption of UAVs in civil applications is expected to support growth of the market in the region over the forecast period. Market in Asia Pacific is expected to register a significant growth rate over the forecast period. Countries like China, Japan, and India is expected to boost the growth of the market in the region.

Some prominent players in the global aircraft battery market are Cella Energy, Concorde Battery Corporation, Enersys, EaglePicher Technologies, LLC, GS Yuasa, Kokam, Marvel Aero International, Marathonnorco Aerospace, Mid-Continent Instrument Co., Inc., and Saft.

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Michelle Boyd
Michelle does an outstanding job, related to the Health and Medicine background. Having experience of more than 8years, have been working before with other companies related to the same field, been an expert in resolving whatever queries are being approached by the team. She likes to enjoy each and every moment of life.

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