Aircraft Battery Charging and Testing Market, By Aircraft Type (Commercial Aircraft, Private Aircraft), By Battery Type (Nickel Cadmium battery, Lead Acid battery, Lithium-ion battery, By Battery Charging Type (Constant Voltage Charging (CP) , Constant Current Charging), By Battery Testing Type (Capacity Test, Charge Acceptance Test) and by Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Nov 2022

Code : CMI5363

Pages :172

Formats :

Excel and PDF

Industry : Semiconductors

Market Challenges And Opportunities

Restraint:

Testing batteries is difficult and important. Aircraft battery manufacturers face a number of difficulties including setup and system complexity, lengthy testing periods, adherence to evolving safety regulations. Moreover due to complicated systems and dangerous materials used in batteries, battery testing has turned into a difficult and drawn-out process. Batteries can explode due to their high currents, toxic compounds, and high voltages. For instance, the majority of battery manufacturers do life cycle tests, which can take up to six months or longer. It takes a lot of time because separate tests are needed for each application.

Restraints & Challenges:

High complexity and maintenance of the batteries

Figure 1: Global Aircraft Battery Charging and Testing Market Share (%), By Region, 2021

The global aircraft battery charging and testing market is estimated to be valued at US$ 652.57 Mn in 2022 and is expected to reach US$ 1120.40 Mn by 2030 at a CAGR of 7.7% between 2022 and 2030.

Global Aircraft Battery Charging and Testing Market - Impact of Coronavirus (Covid-19) Pandemic:

The COVID-19 pandemic had a negative impact on the aviation business, and those effects are estimated to last throughout the forecast period. Passenger traffic in the commercial sector fell significantly between 2020 and 2021. It is estimated that it will take two to three years to fully recover due to the emergence of many pandemic waves in numerous countries. The COVID-19 epidemic and containment measures have dramatically reduced demand for passenger air travel (and freight, to a lesser extent), endangering the future of the industry. The battery manufacturers were heavily affected as demand reduced at the beginning of the pandemic during Q1 2020. The sales decline in various sectors such as consumer electronics, electric vehicles, aircraft, manufacturing and others. Thus, the battery manufacturers had to reduce battery production to avoid oversaturation in the market.

Moreover, declining lithium-ion battery prices and increase in demand of electric vehicles, tend to increase the battery production, which would directly affect the aircraft battery charging and testing market.