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Commercial Aircraft Battery Management System Market to grow by USD 137.4 million during 2023-2028, The rising electrification of aviation drives market growth.- Technavio


NEW YORK, Nov. 30, 2023 /PRNewswire/ -- The commercial aircraft battery management system market size is expected to grow by USD 137.4 million between 2023 and 2028. However, the growth momentum of the market will progress at a CAGR of 7.98% during the forecast period. The market is segmented by Product (Centralized, Modular, and Primary and distributed), Type (Lithium-ion, Nickel-cadmium, and Lead-acid), and Geography (North America, Europe, APAC, South America, and Middle East and Africa).

The rising electrification of aviation drives market growth. Generally, various electric and hybrid-electric aircraft rely on advanced battery technology. This can be particularly observed in lithium-ion or other high-energy-density batteries. They require sophisticated battery management systems to ensure safe and efficient operation. Owing to the higher power demands, electric and hybrid-electric aircraft have more complex battery systems, which necessitates advanced BMS solutions that can manage multiple battery modules, optimize energy use, and monitor performance. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View a Free PDF Sample 

Key Highlights:

Market Dynamics:

Trend

Challenge

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Keg Segments:

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Related Reports:

The aviation battery market size is estimated to grow at a CAGR of 7.26% between 2022 and 2027. The market size is forecast to increase by USD 317.81 million.

The fuel cells for military unmanned aerial vehicle (UAV) market size is estimated to grow at a CAGR of 9.82% between 2023 and 2028. The market size is forecast to increase by USD 232.91 million.

Commercial Aircraft Battery Management System Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.98%

Market growth 2024-2028

USD 137.4 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.46

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 36%

Key countries

US, Canada, China, France, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Acme Aerospace Inc and Avionic Instruments LLC, AXTER AEROSPACE S.L., Concorde Battery Corp., Creare LLC, EaglePicher Technologies LLC, Elithion Inc., EnerSys, Kanto Aircraft Instrument Co. Ltd., MarathonNorco Aerospace Inc., MGM COMPRO International s. r. o., Mid Continent Instrument Co. Inc., PIPISTREL doo, Silicon Engineering Pty Ltd., Thales Group, and TotalEnergies SE

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Product

Market Segmentation by Type

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio


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