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The global commercial Aircraft batteries and accessories market report defines and segments the concerned market for the trends analysis and revenue forecasts. It Expects the market to grow at a CAGR of 7.3% from 2014 to reach approximately $175.9 million by 2019..
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The aircraft batteries are essential components, which are used on a large scale to start engines and auxiliary power units (APUs), for a variety of functions, such as- acting as a buffer in regulating the DC network voltage, and ensuring acceptable power quality for the equipment connected to it. In the case of in-flight general electrical failure, the aircraft depends on batteries to power the essential loads until landing and evacuation.
The report suggests that increasing cost of aviation fuel is driving the aircraft batteries and accessories market. Due to this, manufacturers are looking for more fuel efficient aircrafts. Along with fuel efficiency, manufacturers are also considering the concepts like More Electric Aircraft (MEA). According to the report, more manufacturers are investing in new technologies which are highly reliable, less hazardous, and have low maintenance cost.
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The report expects the number of aircraft in service to get double, over the next two decades, owing to the strong growth in air traffic. It suggests that there would be a rapid growth in aircraft manufacturing, which will boost the demand of battery installation, and thereby driving the growth of the aircraft and accessories market.
The Aircraft Systems Market comprises of airframe system, avionics components, cabin interiors, environmental system, fluid power, landing assembly, safety and security systems, communication system, flight management systems, imaging and visual systems, indicators and instruments, navigational aid, batteries and accessories, electrical power system, engine component system, engines, power transmission, and fuel systems. The types of aircraft systems are ARJ21, ATR72, C919, CRJ1000, CRJ700, CRJ900, E170, E175, E190, E195, Q400, and SSJ100.
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