Dublin, Dec. 15, 2014 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/hq3msk/micro_market) has announced the addition of the "Micro Market Monitor: Global Battery Commercial Aviation Market" report to their offering.
The global commercial aircraft batteries and accessories market is estimated to grow at a CAGR of 7.3% from 2014 to 2019. Although the developing markets (such as the China, India, and Japan) hold larger shares in the global commercial aircraft batteries and accessories market, the Middle East region is expected to grow at the fastest CAGR of 8.4% during the forecast period, 2014 to 2019. The growth of the commercial aircraft batteries and accessories market is driven by factors such as rapid growth in the aircraft manufacturing, technological advancements, and growth in the electric aircraft industry. However, factors such as high maintenance and risk of fire are restraining factors to the batteries market.
In this report, the global commercial aircraft batteries and accessories market has been classified in terms of aircraft type, battery chemistry, and geography. The aircraft type segment is further categorized into Very Large Aircraft (VLA), Wide Body Aircraft (WB), Narrow Body Aircraft (NB), and Regional Jets (RJ). The battery chemistry segment is classified into nickel cadmium and lithium, among others. Narrow body aircrafts are expected to lead the aircraft type segment, whereas the battery chemistry segment is expected to be dominated by the nickel cadmium batteries market in 2014.
Geographically, Asia-Pacific (comprising the China, Japan, and Rest of Asia-Pacific) is estimated to command the largest share of 38.7% of the global commercial aircraft batteries and accessories market in 2014, followed by North America. The commercial aircraft batteries and accessories market in the Asia-Pacific region is primarily driven by factors including rising disposable incomes, positive GDP forecast for next 10 years, and increasing air traffic.
The global commercial aircraft batteries and accessories market is a competitive market with a number of market players with niche technologies. As of 2014, the global commercial aircraft batteries and accessories market is dominated by Enersys (U.S.), Saft Groupe SA (France), Eagle Picher Corporation (U.S.), and GS Yuasa Corporation (Japan), among others. New product launches, partnerships, agreements, collaborations, and joint ventures are the major strategies adopted by most market players to achieve growth in the commercial aircraft batteries and accessories market.
Reasons to Buy the Report:
From an insight perspective, this research report has focused on various levels of analysis, such as market share analysis of top players, supply chain analysis, and company profiles, which together provide the basic views on the competitive landscape, and the emerging and high-growth segments of the commercial aircraft batteries and accessories market; high-growth regions and their respective regulatory policies; government initiatives; and market drivers, restraints, and opportunities.
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms in garnering a greater share in the global market. Firms purchasing the report could use any one or combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market share.
- Concorde Battery Corporation
- Eagle Picher Corporation
- Gill Electric Company
- Gs Yuasa Corporation
- Saft Groupe S.A.
For more information visit http://www.researchandmarkets.com/research/hq3msk/micro_marke
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Source:Research and Markets