The military aircraft manufacturers are witnessing high demand of lithium based batteries on the aircraft. This is due to the capabilities offered by lithium based batteries such as increased efficiency and rechargeable capabilities. This has led the aircraft manufacturers to integrate the aircrafts with lithium based batteries. The increasing demand for lithium based batteries among the defense forces are acting as a driving factor for the military aircraft battery technology market. In addition, the warfare scenario has changed a lot over the years, owing to this, the defense forces are adopting technologically advanced aircrafts in order to combat the enemy efficiently. This is demanding for lightweight and fuel efficient power batteries on the aircrafts. Hence, the changing warfare scenario and high rate of adoption of next generation military aircrafts are also boosting the growth of market for military aircraft battery technology over the years.
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The major challenge faced by the military aircraft battery manufacturers is the increasing concerns regarding the thermal problems associated with lithium based batteries. The lithium based batteries or Li-ion batteries are highly efficient for prolonged usage and are rechargeable, however, at the same time, the batteries generate huge heat which causes thermal problems on the aircraft. This is a major concern among the defense forces across the globe, which in turn is leading to limited procurement of military aircrafts with lithium based batteries. This is acting as an inhibiting factor for the growth of the market in the future.
The military aircraft manufacturers are witnessing a huge demand for electric aircrafts, which is anticipated to impact positively on the growth of the market for military aircraft battery technology market. The manufacturing companies along with the defense forces across the globe are researching on development of electric aircraft for usage in defense sectors.
The market for military aircraft battery technology is segmented on basis of types and geography. The various types of batteries used in military aircrafts are lithium based batteries, lead based batteries and nickel based batteries. The lithium based batteries are the most widely used batteries on any modern military aircrafts. This is due to their enhanced efficiency and rechargeable capabilities which provide increased usage time in portable devices. In addition, the lithium based batteries are the most prominent source of backup power in the auxiliary power units and forward electrical bay. This factor is also acting as a bolstering factor for the growth of lithium based batteries in the military aircraft batteries market. Moreover, owing to these facts, the lithium based batteries are also expected to witness a significant growth in the coming years.
Geographically, the military aircraft battery market is segmented on basis of five region globally. The five region across the globe includes, North America, Europe, Asia Pacific, Middle East and Africa and Latin America. The most significant market for military aircraft battery accounted for North America, followed by Europe. The United States Department of Defense is investing huge amounts in developing lightweight, technologically robust military aircraft batteries. This factor is helping the region to lead the market and is expected to dominate in the coming years. Countries in Asia Pacific such as China, India, and South Korea among others are also investing significant amounts in developing and procuring advanced military aircraft batteries. This factor is boosting the market in the region at a faster pace.
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The major participants operating in the market for military aircraft battery across the globe are listed as Saft (France), Tadiran Batteries GmbH (Germany), Sion Power (United States), Cella Energy Limited (United Kingdom), Concord Battery Corporation (United States), Teledyne Technologies Inc. (United States), GS Yuasa International (Japan), EaglePitcher Technologies, LLC (United States) and Gill Batteries (United States) among others.
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