Dublin, Dec. 13, 2023 (GLOBE NEWSWIRE) -- The "Asia-Pacific Aerospace and Defense Battery Market - Analysis and Forecast, 2023-2033" report has been added to ResearchAndMarkets.com's offering.
The Asia-Pacific aerospace and defense battery market is not just on the rise; it's soaring to new heights. By 2033, it's projected to reach an impressive $5.537 billion, a remarkable leap from $2.097 billion in 2022 with a growth rate of 9.32% during the forecast period from 2023 to 2033.
The Asia-Pacific region has been making waves in the global industry in recent years. With several emerging players and governments directing their focus towards cutting-edge battery technologies, modern recycling services, and the establishment of adoption-related standards, the aerospace and defense battery market in Asia-Pacific is poised to claim a substantial share of the global market during the forecast period.
The aerospace and defense battery market is currently witnessing remarkable growth and is all set to carve out a competitive niche in the industry. This market centers around the development, manufacturing, and supply of batteries and energy storage solutions meticulously crafted to meet the exacting demands of aerospace and defense applications.
These batteries power an extensive array of equipment and systems, from aircraft, spacecraft, and UAVs to military vehicles, submarines, and various electronic devices crucial for defense and aerospace operations. Moreover, the persistent trend in the aerospace sector shifting towards electric and hybrid-electric propulsion systems is propelling the adoption of these batteries. This transition has fueled the demand for batteries with enhanced energy densities, extending the range and efficiency of electric aircraft.
What's more, there's a robust emphasis on creating battery systems capable of enduring extreme conditions. These conditions include high temperatures, rapid altitude changes, and mechanical stress, all while ensuring safety remains uncompromised.
Regional governments are lending their support to local manufacturers and research institutions, empowering them to innovate and pioneer advanced battery technology. Such technology can address temperature and altitude-related concerns within the aerospace sector with precision and sophistication. This, in turn, will further fuel the expansion of the aerospace and defense battery market during the forecast period.
Industry Outlook
- Current and Emerging Technological Trends
- Lithium Titanate Oxide (LTO) Batteries
- Conformable Wearable Batteries (CWBs)
- Solid-State Battery Technologies
- Nickle-Zinc Batteries for Aerospace and Defense
- Supply Chain Analysis
Growth Opportunities and Recommendations
- Development of Lightweight Batteries for UAVs in Defense Sector
- Adoption of Solid-State Batteries in Space Sector
- Innovation and Development of Lithium Metal Battery for Aircraft Applications
Key Players on the Horizon
- Hanwha Aerospace
- Amita Technologies
- Synergy ScienTech Corp
- Coslight Technology
- LG Chem
- Guoxuan High-Tech
- Lishen Technology
- EVE Energy
- Amperex Technology Limited (ATL)
- BAK Battery
- China Aviation Lithium Battery
- Shenzhen BAK Battery
- Exide Industries
- Amara Raja Batteries
- Luminous Power Technologies
- Simplicell Technologies
- Zener Power
- Coslight India
- Globe Batteries
- Hindustan Zinc
- Bharat Heavy Electricals Limited (BHEL)
- Tata Power
- GS Yuasa International Ltd.
- Hitachi Chemical
- NEC Energy Solutions
- Toshiba Corporation
Navigating the Market Landscape
Application (Platform)
- Space (Satellite, Launch Vehicle, Deep Space)
- Aircraft (Military, Civil and Commercial)
- UAV (Military, Civil and Commercial)
- Defense (Ground Based, Marine Based)
Battery Type
- Lithium-Based Battery
- Nickel-Based Battery
- Thermal Battery
- Others
Sales
- OEM
- Aftermarket
Region
- China, India, Japan, Australia, and Rest-of-Asia-Pacific
For more information about this report visit https://www.researchandmarkets.com/r/6cyr6i
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