LONDON--(EON: Enhanced Online News)--Technavio has announced the top five leading vendors in their recent global commercial aircraft battery market report. According to this report, the market is expected to grow at a CAGR of more than 7% during the forecast period. The report also lists six other prominent vendors which are expected to impact the market during the forecast period.
“Globally, the introduction of ultra-low maintenance batteries is influencing the market because they are light, energy efficient, require low maintenance, and effectively improve aircraft operations”
Competitive vendor landscape
According to the market research analysis, the global commercial aircraft battery market is characterized by the presence of many global, regional, and local vendors competing to gain the maximum market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront the market growth. It is crucial for the vendors to provide cost-effective and high-quality aircraft batteries, to survive and succeed in this intensely competitive market environment. In addition, in-house manufacturing capabilities, global footprint network, product offerings, R&D investments, and strong client base have become the key areas to have the edge over the competitors.
Concorde Battery, Cella Energy, Saft, Sion Power, and Tadiran Batteries are the five major companies in the market, which compete in terms of availability, quality, price, and technology. They primarily focus on the implementation of lightweight materials, electric technologies, and robust systems.
“Globally, the introduction of ultra-low maintenance batteries is influencing the market because they are light, energy efficient, require low maintenance, and effectively improve aircraft operations,” says Avimanyu Basu, a lead analyst at Technavio for aerospace components research.
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About the top five commercial aircraft battery market vendors
The US-based Concorde Battery develops innovative Li-ion battery chemistries for aircraft. precautions. In order to enhance the safety feature of the Li-ion chemistry, the company integrates a cathode material of lithium iron phosphate in its battery that prevents oxygen generation, which is one of the main reasons for fire hazards in Li-ion batteries. The battery features high energy density potential for higher capacities, promising superior lifespan. These batteries also have reduced weight by almost 50% than the previous generations of Li-ion aircraft batteries. Also, the battery is expected to be recharged in a lesser amount of time than its lead acid and Ni-Cd counterparts.
The company works independently or in partnership with aerospace and unmanned aerial systems manufacturers to develop bespoke power systems that have three times the specific energy compared with Li-ion batteries based on the company’s advanced hydrogen storage material. It is estimated that the hydrogen storage material could be used to produce a new source of low-emission transport fuel in the long term.
Saft deals in the design and development of high-technology battery systems that are used in aircraft. They provide batteries with longer shelf lives, high reliability, and energy. Saft promises better safety features associated with the battery, as it can withstand higher temperatures due to the reduced overcharge current.
Sion Power, US
Sion Power develops high-energy rechargeable batteries based on the elements lithium and sulfur. The company primarily focuses on providing batteries for running aircraft. The company developed the Licerion battery technology that significantly enhances the capacity and lifecycle of rechargeable lithium batteries. It also reduces battery weight by up to 60%.
Tadiran Batteries, Germany
Tadiran Batteries designs, develops, manufactures, supplies, and markets lithium batteries worldwide. It provides batteries and power solutions for the industrial, aerospace, automotive, defense, and medical sectors. The company designs and develops batteries for aircraft and UAVs. These batteries offer unique characteristics such as long shelf life, high energy resistance, and ability to withstand rough environments.
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