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The Asia-Pacific region has been making waves in the global aerospace and defense industry in recent years. With the emergence of several key players and governments directing their focus towards cutting-edge battery technologies, modern recycling services, and the establishment of adoption-related standards, the Asia-Pacific aerospace and defense battery market is poised to claim a substantial share of the global market during the forecast period 2023-2033. It is projected to reach $5.53 billion by 2033, soaring from $2.09 billion in 2022 at a robust 9.32% CAGR.
The global trend of the aerospace industry transitioning to electric and hybrid-electric propulsion systems is driving the adoption of batteries with enhanced energy densities in the APAC region. Moreover, there’s a concerted effort to develop battery systems capable of withstanding extreme conditions, supported by regional governments promoting local innovation. This emphasis on advanced battery technology positions the APAC region to significantly expand the aerospace and defense battery market in the forecast period.
BIS Research, a leading market research firm, has released a report titled- APAC Aerospace and Defense Battery Market, which discusses the challenges, growth factors, and future opportunities driving the remarkable growth of the Asia-Pacific aerospace and defense battery market.
Some major companies operating in the Asia-Pacific aerospace and defense battery market are:
The Asia-Pacific aerospace and defense battery market segmentation comprises four key categories. In the first category, applications are divided into space (including satellites, launch vehicles, and deep space), aircraft (military and civil/commercial), UAV (military and civil/commercial), and defense (ground-based and marine-based). The second category focuses on battery types: lithium-based batteries (lithium polymer and lithium-ion), nickel-based batteries (nickel-cadmium and nickel-metal hydride), thermal batteries, and others. The third category distinguishes sales channels as OEM (original equipment manufacturer) and aftermarket. Finally, the fourth category delves into regional segmentation, focusing on China, India, Japan, Australia, and the rest of Asia-Pacific.
The aerospace and defense battery market is witnessing growth driven by the increasing electrification of aircraft, aiming for enhanced efficiency and reduced emissions. This trend involves various electric propulsion systems that demand advanced, high-capacity batteries. However, challenges arise in designing batteries for smaller aircraft, like drones, necessitating innovative approaches to address size, weight, and performance constraints. Amidst these challenges, an opportunity emerges with the rise of urban air mobility (UAM) and electric vertical take-off and landing (eVTOL) vehicles.
BIS principal analyst suggests: “The aerospace and defense battery market is currently undergoing a transformative phase, characterized by a multitude of trends and dynamics that are reshaping the industry. One of the most striking trends is the increasing prevalence of UAVs across military and civilian applications. UAVs are driving the demand for high-performance, lightweight, and durable batteries. Government investments in defense modernization programs are driving substantial growth in the defense segment. This trend includes the development of next-generation fighter jets, missile defense systems, and naval vessels, all of which rely heavily on advanced battery technologies.”
Aerospace and Defense Battery Market
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Radiation-Hardened Electronics for Space Application Market
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