Asia-Pacific Commercial Aircraft Batteries and Accessories Market is Expected to Reach $68.9 Million by 2019

Date: 2015-08-06

“The Asia-Pacific commercial aircraft batteries and accessories market was valued at $47.8 million in 2014, and is expected to reach $68.9 million by 2019, at a CAGR of 7.5% from 2014 to 2019. 

The rising cost of aviation fuel has become an emerging concern for aviation companies, forcing them to look for alternatives to conventional fuel sources. Intense research is taking place to explore the use of electrical energy to operate lightweight aircraft. The focus on electrical energy as an efficient and eco-friendly alternative to conventional aviation fuel will boost the aviation batteries and accessories market in the long run.

In this report, the Asia-Pacific commercial aircraft batteries and accessories market has been classified into 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), while the battery chemistry segment is classified into Nickel Cadmium, Lithium, and Others. 

The report discusses key industry, market, and technology trends that influence the more electric aircraft market. The report tracks, analyzes, and projects the market size for major regions. It provides an insight into regional trends on spending, analyzes market size by region, and also provides the data on the spending pattern by types.

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