Aircraft Battery Management System Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
The battery management system (BMS) is any electronic system that manages a rechargeable battery (cell or battery pack) such as protecting the battery from operating outside its safe operating area, monitoring its status, calculating secondary data, reporting that data, controlling its environment, authenticating it and/or balancing it. Such systems which are used for managing and monitoring the battery of aircraft is known as aircraft battery management system. The battery management system is a key enabling technology for aircraft. Its function in aircraft is to control battery charging/discharge cycles, while also providing battery self-protection functionality by preventing over-voltage, under-voltage and over-temperature events. The design of the BMS proved that the selected airborne qualification tests had been carried out. There are different types of battery management system that are present such as centralized, modular, and distributed. More advancement in these systems are expected to drive the market during forecast period.
MARKET DYNAMICS
Growing aircraft deliveries due to rise in no. of air travelers and advantages of BMS such as improve lifespan of battery, ensure safety of battery packs, performance optimization etc. is driving the growth of the aircraft battery management system market. However, high initial and maintenance cost may restrain the growth of the aircraft battery management system market. Further, more advancement in aircraft battery management system such as portability, miniaturization etc. is anticipated to create market opportunities for the aircraft battery management system market during the forecast period.
MARKET SCOPE
The "Global Aircraft Battery Management System Market Analysis to 2028" is a specialized and in-depth study of the aircraft battery management system market with a special focus on the global market trend analysis. The report aims to provide an overview of aircraft battery management system market with detailed market segmentation by type, application, and geography. The global aircraft battery management system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading aircraft battery management system market players and offers key trends and opportunities in the aircraft battery management system market.
MARKET SEGMENTATION
The global aircraft battery management system market is segmented on the basis of type and application. On the basis of type, the market is segmented as centralized, modular, and distributed. Similarly, based on application, market is segmented into the OEM and aftermarket.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global aircraft battery management system market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The aircraft battery management system market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting aircraft battery management system market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the aircraft battery management system market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global aircraft battery management system market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The aircraft battery management system market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting aircraft battery management system market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the aircraft battery management system market in these regions.
MARKET PLAYERS
The reports cover key developments in the aircraft battery management system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from aircraft battery management system market are anticipated to lucrative growth opportunities in the future with the rising demand for aircraft battery management system. Below mentioned is the list of few companies engaged in the aircraft battery management system market.
The report also includes the profiles of key aircraft battery management system market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Acme Aero
- Concorde Battery Corporation
- Curtiss-Wright Corporation
- EaglePicher Technologies
- EchoBlue Ltd.
- HBL Power Systems Ltd.
- Kanto Aircraft Instrument Co., Ltd.
- MarathonNorco Aerospace, Inc.
- OXIS Energy Ltd.
- Saft Groupe SA
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Aircraft Battery Management System Market - By Type
1.3.2 Aircraft Battery Management System Market - By Application
1.3.3 Aircraft Battery Management System Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AIRCRAFT BATTERY MANAGEMENT SYSTEM MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AIRCRAFT BATTERY MANAGEMENT SYSTEM MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. AIRCRAFT BATTERY MANAGEMENT SYSTEM MARKET - GLOBAL MARKET ANALYSIS
6.1. AIRCRAFT BATTERY MANAGEMENT SYSTEM - GLOBAL MARKET OVERVIEW
6.2. AIRCRAFT BATTERY MANAGEMENT SYSTEM - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AIRCRAFT BATTERY MANAGEMENT SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. CENTRALIZED
7.3.1. Overview
7.3.2. Centralized Market Forecast and Analysis
7.4. MODULAR
7.4.1. Overview
7.4.2. Modular Market Forecast and Analysis
7.5. DISTRIBUTED
7.5.1. Overview
7.5.2. Distributed Market Forecast and Analysis
8. AIRCRAFT BATTERY MANAGEMENT SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. OEM
8.3.1. Overview
8.3.2. OEM Market Forecast and Analysis
8.4. AFTERMARKET
8.4.1. Overview
8.4.2. Aftermarket Market Forecast and Analysis
9. AIRCRAFT BATTERY MANAGEMENT SYSTEM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Aircraft Battery Management System Market Overview
9.1.2 North America Aircraft Battery Management System Market Forecasts and Analysis
9.1.3 North America Aircraft Battery Management System Market Forecasts and Analysis - By Type
9.1.4 North America Aircraft Battery Management System Market Forecasts and Analysis - By Application
9.1.5 North America Aircraft Battery Management System Market Forecasts and Analysis - By Countries
9.1.5.1 United States Aircraft Battery Management System Market
9.1.5.1.1 United States Aircraft Battery Management System Market by Type
9.1.5.1.2 United States Aircraft Battery Management System Market by Application
9.1.5.2 Canada Aircraft Battery Management System Market
9.1.5.2.1 Canada Aircraft Battery Management System Market by Type
9.1.5.2.2 Canada Aircraft Battery Management System Market by Application
9.1.5.3 Mexico Aircraft Battery Management System Market
9.1.5.3.1 Mexico Aircraft Battery Management System Market by Type
9.1.5.3.2 Mexico Aircraft Battery Management System Market by Application
9.2. EUROPE
9.2.1 Europe Aircraft Battery Management System Market Overview
9.2.2 Europe Aircraft Battery Management System Market Forecasts and Analysis
9.2.3 Europe Aircraft Battery Management System Market Forecasts and Analysis - By Type
9.2.4 Europe Aircraft Battery Management System Market Forecasts and Analysis - By Application
9.2.5 Europe Aircraft Battery Management System Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Aircraft Battery Management System Market
9.2.5.1.1 Germany Aircraft Battery Management System Market by Type
9.2.5.1.2 Germany Aircraft Battery Management System Market by Application
9.2.5.2 France Aircraft Battery Management System Market
9.2.5.2.1 France Aircraft Battery Management System Market by Type
9.2.5.2.2 France Aircraft Battery Management System Market by Application
9.2.5.3 Italy Aircraft Battery Management System Market
9.2.5.3.1 Italy Aircraft Battery Management System Market by Type
9.2.5.3.2 Italy Aircraft Battery Management System Market by Application
9.2.5.4 United Kingdom Aircraft Battery Management System Market
9.2.5.4.1 United Kingdom Aircraft Battery Management System Market by Type
9.2.5.4.2 United Kingdom Aircraft Battery Management System Market by Application
9.2.5.5 Russia Aircraft Battery Management System Market
9.2.5.5.1 Russia Aircraft Battery Management System Market by Type
9.2.5.5.2 Russia Aircraft Battery Management System Market by Application
9.2.5.6 Rest of Europe Aircraft Battery Management System Market
9.2.5.6.1 Rest of Europe Aircraft Battery Management System Market by Type
9.2.5.6.2 Rest of Europe Aircraft Battery Management System Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Aircraft Battery Management System Market Overview
9.3.2 Asia-Pacific Aircraft Battery Management System Market Forecasts and Analysis
9.3.3 Asia-Pacific Aircraft Battery Management System Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Aircraft Battery Management System Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Aircraft Battery Management System Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Aircraft Battery Management System Market
9.3.5.1.1 Australia Aircraft Battery Management System Market by Type
9.3.5.1.2 Australia Aircraft Battery Management System Market by Application
9.3.5.2 China Aircraft Battery Management System Market
9.3.5.2.1 China Aircraft Battery Management System Market by Type
9.3.5.2.2 China Aircraft Battery Management System Market by Application
9.3.5.3 India Aircraft Battery Management System Market
9.3.5.3.1 India Aircraft Battery Management System Market by Type
9.3.5.3.2 India Aircraft Battery Management System Market by Application
9.3.5.4 Japan Aircraft Battery Management System Market
9.3.5.4.1 Japan Aircraft Battery Management System Market by Type
9.3.5.4.2 Japan Aircraft Battery Management System Market by Application
9.3.5.5 South Korea Aircraft Battery Management System Market
9.3.5.5.1 South Korea Aircraft Battery Management System Market by Type
9.3.5.5.2 South Korea Aircraft Battery Management System Market by Application
9.3.5.6 Rest of Asia-Pacific Aircraft Battery Management System Market
9.3.5.6.1 Rest of Asia-Pacific Aircraft Battery Management System Market by Type
9.3.5.6.2 Rest of Asia-Pacific Aircraft Battery Management System Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Aircraft Battery Management System Market Overview
9.4.2 Middle East and Africa Aircraft Battery Management System Market Forecasts and Analysis
9.4.3 Middle East and Africa Aircraft Battery Management System Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Aircraft Battery Management System Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Aircraft Battery Management System Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Aircraft Battery Management System Market
9.4.5.1.1 South Africa Aircraft Battery Management System Market by Type
9.4.5.1.2 South Africa Aircraft Battery Management System Market by Application
9.4.5.2 Saudi Arabia Aircraft Battery Management System Market
9.4.5.2.1 Saudi Arabia Aircraft Battery Management System Market by Type
9.4.5.2.2 Saudi Arabia Aircraft Battery Management System Market by Application
9.4.5.3 U.A.E Aircraft Battery Management System Market
9.4.5.3.1 U.A.E Aircraft Battery Management System Market by Type
9.4.5.3.2 U.A.E Aircraft Battery Management System Market by Application
9.4.5.4 Rest of Middle East and Africa Aircraft Battery Management System Market
9.4.5.4.1 Rest of Middle East and Africa Aircraft Battery Management System Market by Type
9.4.5.4.2 Rest of Middle East and Africa Aircraft Battery Management System Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Aircraft Battery Management System Market Overview
9.5.2 South and Central America Aircraft Battery Management System Market Forecasts and Analysis
9.5.3 South and Central America Aircraft Battery Management System Market Forecasts and Analysis - By Type
9.5.4 South and Central America Aircraft Battery Management System Market Forecasts and Analysis - By Application
9.5.5 South and Central America Aircraft Battery Management System Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Aircraft Battery Management System Market
9.5.5.1.1 Brazil Aircraft Battery Management System Market by Type
9.5.5.1.2 Brazil Aircraft Battery Management System Market by Application
9.5.5.2 Rest of South and Central America Aircraft Battery Management System Market
9.5.5.2.1 Rest of South and Central America Aircraft Battery Management System Market by Type
9.5.5.2.2 Rest of South and Central America Aircraft Battery Management System Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. AIRCRAFT BATTERY MANAGEMENT SYSTEM MARKET, KEY COMPANY PROFILES
11.1. ACME AERO
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CONCORDE BATTERY CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CURTISS-WRIGHT CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. EAGLEPICHER TECHNOLOGIES
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ECHOBLUE LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HBL POWER SYSTEMS LTD.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. KANTO AIRCRAFT INSTRUMENT CO., LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MARATHONNORCO AEROSPACE, INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. OXIS ENERGY LTD.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SAFT GROUPE SA
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Acme Aero
2.Concorde Battery Corporation
3.Curtiss-Wright Corporation
4.EaglePicher Technologies
5.EchoBlue Ltd.
6.HBL Power Systems Ltd.
7.Kanto Aircraft Instrument Co., Ltd.
8.MarathonNorco Aerospace, Inc.
9.OXIS Energy Ltd.
10.Saft Groupe SA
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.