Europe Aerospace and Defense Battery Market - Analysis and Forecast, 2023-2033
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Introduction to Europe Aerospace and Defense Battery Market
The Europe aerospace and defense battery market is estimated to reach $5.38 billion by 2033 from $2.30 billion in 2022, at a CAGR of 8.14% during the forecast period 2023-2033. Due to technological breakthroughs and the advent of new applications of batteries in space, aircraft, UAVs, and the defense sector, the worldwide aerospace and defense battery market has undergone significant expansion in recent years. This increase is primarily driven by the government's initiatives to enhance electrification of these industries, which have shown steady expansion and significant growth. Furthermore, the market is being driven by the increasing use of commercial UAVs by e-commerce firms and other civil professionals such as videography, remote monitoring, and so on. Authorities can improve security, reliability, and operational efficiency by incorporating UAVs and battery-powered drones into military surveillance subsystems.
Market Introduction
The European aerospace and defense battery market is witnessing substantial growth and is expected to gain a competitive share in recent years. This market primarily focuses on the manufacturing and supply of batteries and energy storage solutions that meet the stringent requirements of aerospace and defense applications. These batteries find applications in various equipment and systems, including aircraft, spacecraft, military vehicles, UAVs, submarines, and electronic devices used in defense and aerospace operations. The industry's shift towards electric and hybrid-electric propulsion systems is driving the demand for batteries with higher energy densities for improved range and efficiency in electric aircraft. Additionally, there is a strong emphasis on developing battery systems capable of withstanding extreme conditions without compromising safety. Regional governments are also supporting local manufacturers and research institutes to innovate and develop advanced battery technology, catering to temperature and altitude-related concerns in the aerospace sector. These factors are expected to contribute to the expansion of the European aerospace and defense battery market during the forecast period.
Market Segmentation:
Segmentation 1: by Application (Platform)
Product/Innovation Strategy: The product segment helps the reader understand the different types of batteries available for deployment and their potential in Europe region. Moreover, the study provides the reader with a detailed understanding of the aerospace and defense battery market.
Growth/Marketing Strategy: The Europe aerospace and defense battery market has seen major developments by key players operating in the market, such as contracts, collaborations, and joint ventures. The favored strategy for the companies has been contracted to strengthen their position in the market.
Methodology: The research methodology design adopted for this specific study includes a mix of data collected from primary and secondary data sources. Both primary resources (key players, market leaders, and in-house experts) and secondary research (a host of paid and unpaid databases), along with analytical tools, are employed to build the predictive and forecast models.
Introduction to Europe Aerospace and Defense Battery Market
The Europe aerospace and defense battery market is estimated to reach $5.38 billion by 2033 from $2.30 billion in 2022, at a CAGR of 8.14% during the forecast period 2023-2033. Due to technological breakthroughs and the advent of new applications of batteries in space, aircraft, UAVs, and the defense sector, the worldwide aerospace and defense battery market has undergone significant expansion in recent years. This increase is primarily driven by the government's initiatives to enhance electrification of these industries, which have shown steady expansion and significant growth. Furthermore, the market is being driven by the increasing use of commercial UAVs by e-commerce firms and other civil professionals such as videography, remote monitoring, and so on. Authorities can improve security, reliability, and operational efficiency by incorporating UAVs and battery-powered drones into military surveillance subsystems.
Market Introduction
The European aerospace and defense battery market is witnessing substantial growth and is expected to gain a competitive share in recent years. This market primarily focuses on the manufacturing and supply of batteries and energy storage solutions that meet the stringent requirements of aerospace and defense applications. These batteries find applications in various equipment and systems, including aircraft, spacecraft, military vehicles, UAVs, submarines, and electronic devices used in defense and aerospace operations. The industry's shift towards electric and hybrid-electric propulsion systems is driving the demand for batteries with higher energy densities for improved range and efficiency in electric aircraft. Additionally, there is a strong emphasis on developing battery systems capable of withstanding extreme conditions without compromising safety. Regional governments are also supporting local manufacturers and research institutes to innovate and develop advanced battery technology, catering to temperature and altitude-related concerns in the aerospace sector. These factors are expected to contribute to the expansion of the European aerospace and defense battery market during the forecast period.
Market Segmentation:
Segmentation 1: by Application (Platform)
- Space
- Satellite
- Launch Vehicle
- Deep Space
- Aircraft
- Military
- Civil and Commercial
- UAV
- Military
- Civil and Commercial
- Defense
- Ground Based
- Marine Based
- Lithium-Based Battery
- Lithium Polymer Battery
- Lithium-Ion Battery
- Nickel-Based Battery
- Nickel-Cadmium (NiCd) Battery
- Nickel-Metal Hydride Battery
- Thermal Battery
- Others
- U.K.
- France
- Germany
- Rest-of-Europe
Product/Innovation Strategy: The product segment helps the reader understand the different types of batteries available for deployment and their potential in Europe region. Moreover, the study provides the reader with a detailed understanding of the aerospace and defense battery market.
Growth/Marketing Strategy: The Europe aerospace and defense battery market has seen major developments by key players operating in the market, such as contracts, collaborations, and joint ventures. The favored strategy for the companies has been contracted to strengthen their position in the market.
Methodology: The research methodology design adopted for this specific study includes a mix of data collected from primary and secondary data sources. Both primary resources (key players, market leaders, and in-house experts) and secondary research (a host of paid and unpaid databases), along with analytical tools, are employed to build the predictive and forecast models.
Executive Summary
Scope of the Study
1 MARKET
1.1 Industry Outlook
1.1.1 Market Overview: Aerospace and Defense Battery Market
1.1.2 Current and Emerging Technological Trends
1.1.2.1 Lithium Titanate Oxide (LTO) Batteries
1.1.2.2 Conformable Wearable Batteries (CWBs)
1.1.2.3 Solid-State Battery Technologies
1.1.2.4 Nickle-Zinc Batteries for Aerospace and Defense
1.1.3 Aerospace and Defense Battery: On-going and Upcoming Projects
1.1.3.1 Innovation in Lithium-Sulfur Cathode Technology
1.1.3.2 Defense Advanced Research Agency (DARPA)’s Morphogenic Interfaces (MINT) Program
1.1.3.3 Lithium-Ion Polymer Rechargeable Battery
1.1.3.4 Sodium-Sulfur (NAS) Battery to Misasa Deep Space Station (MDSS)
1.1.3.5 Space Battery Powered by Americium-241
1.1.4 Start-up and Investment Landscape
1.1.5 Comparative Analysis
1.1.6 Patent Analysis
1.1.7 Supply Chain Analysis
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Growing Penetration of Unmanned Aerial Vehicles (UAVs) and Electric Ground Vehicles in Defense Sector
1.2.1.2 Increasing Electrification of Aircraft
1.2.1.3 Rising Investment Activities to Support Deep Space Exploration
1.2.2 Business Challenges
1.2.2.1 Stringent Regulation Impacting the Sales of Lithium Batteries
1.2.2.2 Design Challenges Associated with the Size of Aircraft
1.2.3 Business Strategies
1.2.3.1 New Product Launches, Developments, and Others
1.2.4 Corporate Strategies
1.2.4.1 Partnerships, Collaborations, Agreements, Contracts, and Others
1.2.5 Business Opportunities
1.2.5.1 Growing Advancements in Battery Cell Materials for Long Endurance
1.2.5.2 Emergence of Urban Air Mobility and eVTOL Vehicles
1.2.5.3 Adoption of Miniaturized Electronic Devices and Wearable Technologies in Military
1.2.5.4 Rising Integration of Space-Grade Batteries for Satellite Launch Missions
2 EUROPE
2.1 Aerospace and Defense Battery Market (by Region)
2.2 Europe
2.2.1 Market
2.2.1.1 Key Manufacturers and Suppliers in Europe
2.2.1.2 Business Drivers
2.2.1.3 Business Challenges
2.2.2 Application
2.2.2.1 Europe Aerospace and Defense Battery Market (by Platform)
2.2.3 Product
2.2.3.1 Europe Aerospace and Defense Battery Market (by Battery Type)
2.2.4 Europe (by Country)
2.2.4.1 France
2.2.4.1.1 Market
2.2.4.1.1.1 Key Manufacturers and Suppliers in France
2.2.4.1.2 Product
2.2.4.1.2.1 France Aerospace and Defense Battery Market (by Battery Type), Value
2.2.4.2 Germany
2.2.4.2.1 Market
2.2.4.2.1.1 Key Manufacturers and Suppliers in Germany
2.2.4.2.2 Product
2.2.4.2.2.1 Germany Aerospace and Defense Battery Market (by Battery Type), Value
2.2.4.3 U.K.
2.2.4.3.1 Market
2.2.4.3.1.1 Key Manufacturers and Suppliers in the U.K.
2.2.4.3.2 Procuct
2.2.4.3.2.1 U.K. Aerospace and Defense Battery Market (by Battery Type), Value
2.2.4.4 Rest-of-Europe
2.2.4.4.1 Market
2.2.4.4.1.1 Key Manufacturers and Suppliers in Rest-of-Europe
2.2.4.4.2 Product
2.2.4.4.2.1 Rest-of-Europe Aerospace and Defense Battery Market (by Battery Type), Value
3 MARKET – COMPETITIVE BENCHMARKING & COMPANY PROFILES
3.1 Competitive Benchmarking
3.2 Company Profiles
3.2.1 Lincad
3.2.1.1 Company Overview
3.2.1.1.1 Role of Lincad in the Aerospace and Defense Battery Market
3.2.1.1.2 Product Portfolio
3.2.1.2 Business Strategies
3.2.1.2.1 Product Developments and Fundings
3.2.1.3 Corporate Strategies
3.2.1.3.1 Partnerships, Collaborations, Contracts, and Agreements
3.2.1.4 Analyst View
3.2.2 WAE Technologies Limited
3.2.2.1 Company Overview
3.2.2.1.1 Role of WAE Technologies Limited in the Aerospace and Defense Battery Market
3.2.2.1.2 Product Portfolio
3.2.2.2 Corporate Strategies
3.2.2.2.1 Partnerships, Collaborations, Contracts, and Agreements
3.2.2.3 Analyst View
3.3 Other Key Player Profiles
4 RESEARCH METHODOLOGY
4.1 Factors for Data Prediction and Modeling
Scope of the Study
1 MARKET
1.1 Industry Outlook
1.1.1 Market Overview: Aerospace and Defense Battery Market
1.1.2 Current and Emerging Technological Trends
1.1.2.1 Lithium Titanate Oxide (LTO) Batteries
1.1.2.2 Conformable Wearable Batteries (CWBs)
1.1.2.3 Solid-State Battery Technologies
1.1.2.4 Nickle-Zinc Batteries for Aerospace and Defense
1.1.3 Aerospace and Defense Battery: On-going and Upcoming Projects
1.1.3.1 Innovation in Lithium-Sulfur Cathode Technology
1.1.3.2 Defense Advanced Research Agency (DARPA)’s Morphogenic Interfaces (MINT) Program
1.1.3.3 Lithium-Ion Polymer Rechargeable Battery
1.1.3.4 Sodium-Sulfur (NAS) Battery to Misasa Deep Space Station (MDSS)
1.1.3.5 Space Battery Powered by Americium-241
1.1.4 Start-up and Investment Landscape
1.1.5 Comparative Analysis
1.1.6 Patent Analysis
1.1.7 Supply Chain Analysis
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Growing Penetration of Unmanned Aerial Vehicles (UAVs) and Electric Ground Vehicles in Defense Sector
1.2.1.2 Increasing Electrification of Aircraft
1.2.1.3 Rising Investment Activities to Support Deep Space Exploration
1.2.2 Business Challenges
1.2.2.1 Stringent Regulation Impacting the Sales of Lithium Batteries
1.2.2.2 Design Challenges Associated with the Size of Aircraft
1.2.3 Business Strategies
1.2.3.1 New Product Launches, Developments, and Others
1.2.4 Corporate Strategies
1.2.4.1 Partnerships, Collaborations, Agreements, Contracts, and Others
1.2.5 Business Opportunities
1.2.5.1 Growing Advancements in Battery Cell Materials for Long Endurance
1.2.5.2 Emergence of Urban Air Mobility and eVTOL Vehicles
1.2.5.3 Adoption of Miniaturized Electronic Devices and Wearable Technologies in Military
1.2.5.4 Rising Integration of Space-Grade Batteries for Satellite Launch Missions
2 EUROPE
2.1 Aerospace and Defense Battery Market (by Region)
2.2 Europe
2.2.1 Market
2.2.1.1 Key Manufacturers and Suppliers in Europe
2.2.1.2 Business Drivers
2.2.1.3 Business Challenges
2.2.2 Application
2.2.2.1 Europe Aerospace and Defense Battery Market (by Platform)
2.2.3 Product
2.2.3.1 Europe Aerospace and Defense Battery Market (by Battery Type)
2.2.4 Europe (by Country)
2.2.4.1 France
2.2.4.1.1 Market
2.2.4.1.1.1 Key Manufacturers and Suppliers in France
2.2.4.1.2 Product
2.2.4.1.2.1 France Aerospace and Defense Battery Market (by Battery Type), Value
2.2.4.2 Germany
2.2.4.2.1 Market
2.2.4.2.1.1 Key Manufacturers and Suppliers in Germany
2.2.4.2.2 Product
2.2.4.2.2.1 Germany Aerospace and Defense Battery Market (by Battery Type), Value
2.2.4.3 U.K.
2.2.4.3.1 Market
2.2.4.3.1.1 Key Manufacturers and Suppliers in the U.K.
2.2.4.3.2 Procuct
2.2.4.3.2.1 U.K. Aerospace and Defense Battery Market (by Battery Type), Value
2.2.4.4 Rest-of-Europe
2.2.4.4.1 Market
2.2.4.4.1.1 Key Manufacturers and Suppliers in Rest-of-Europe
2.2.4.4.2 Product
2.2.4.4.2.1 Rest-of-Europe Aerospace and Defense Battery Market (by Battery Type), Value
3 MARKET – COMPETITIVE BENCHMARKING & COMPANY PROFILES
3.1 Competitive Benchmarking
3.2 Company Profiles
3.2.1 Lincad
3.2.1.1 Company Overview
3.2.1.1.1 Role of Lincad in the Aerospace and Defense Battery Market
3.2.1.1.2 Product Portfolio
3.2.1.2 Business Strategies
3.2.1.2.1 Product Developments and Fundings
3.2.1.3 Corporate Strategies
3.2.1.3.1 Partnerships, Collaborations, Contracts, and Agreements
3.2.1.4 Analyst View
3.2.2 WAE Technologies Limited
3.2.2.1 Company Overview
3.2.2.1.1 Role of WAE Technologies Limited in the Aerospace and Defense Battery Market
3.2.2.1.2 Product Portfolio
3.2.2.2 Corporate Strategies
3.2.2.2.1 Partnerships, Collaborations, Contracts, and Agreements
3.2.2.3 Analyst View
3.3 Other Key Player Profiles
4 RESEARCH METHODOLOGY
4.1 Factors for Data Prediction and Modeling
LIST OF FIGURES
Figure 1: Aerospace and Defense Battery Market, $Billion, 2022-2033
Figure 2: Aerospace and Defense Battery Market (by Platform), $Billion, 2023 and 2033
Figure 3: Aerospace and Defense Battery Market (by Battery Type), $Billion, 2023 and 2033
Figure 4: Aerospace and Defense Battery Market (by Lithium-Based Battery), $Billion, 2023 and 2033
Figure 5: Aerospace and Defense Battery Market (by Nickel-Based Battery), $Billion, 2023 and 2033
Figure 6: Aerospace and Defense Battery Market (by Region), $Billion, 2033
Figure 7: Supply Chain Analysis for Aerospace and Defense Battery Market
Figure 8: Aerospace and Defense Battery Market, Business Dynamics
Figure 9: Share of Key Business Strategies and Developments, January 2020-August 2023
Figure 10: Aerospace and Defense Battery Market, Competitive Benchmarking
Figure 11: Research Methodology
Figure 12: Top-Down and Bottom-Up Approach
Figure 13: Assumptions and Limitations
Figure 1: Aerospace and Defense Battery Market, $Billion, 2022-2033
Figure 2: Aerospace and Defense Battery Market (by Platform), $Billion, 2023 and 2033
Figure 3: Aerospace and Defense Battery Market (by Battery Type), $Billion, 2023 and 2033
Figure 4: Aerospace and Defense Battery Market (by Lithium-Based Battery), $Billion, 2023 and 2033
Figure 5: Aerospace and Defense Battery Market (by Nickel-Based Battery), $Billion, 2023 and 2033
Figure 6: Aerospace and Defense Battery Market (by Region), $Billion, 2033
Figure 7: Supply Chain Analysis for Aerospace and Defense Battery Market
Figure 8: Aerospace and Defense Battery Market, Business Dynamics
Figure 9: Share of Key Business Strategies and Developments, January 2020-August 2023
Figure 10: Aerospace and Defense Battery Market, Competitive Benchmarking
Figure 11: Research Methodology
Figure 12: Top-Down and Bottom-Up Approach
Figure 13: Assumptions and Limitations
LIST OF TABLES
Table 1: Funding and Investment Scenario, January 2021-August 2023
Table 2: Comparative Landscape (by Application)
Table 3: Patent Landscape
Table 4: New Product Launches, Developments, and Others, January 2020-August 2023
Table 5: Partnerships, Collaborations, Agreements, Contracts, and Others, January 2020-August 2023
Table 6: Aerospace and Defense Battery Market (by Region), $Million, 2022-2033
Table 7: Europe Aerospace and Defense Battery Market (by Platform), $Million, 2022-2033
Table 8: Europe Aerospace and Defense Battery Market (by Space), $Million, 2022-2033
Table 9: Europe Aerospace and Defense Battery Market (by Aircraft), $Million, 2022-2033
Table 10: Europe Aerospace and Defense Battery Market (by UAV), $Million, 2022-2033
Table 11: Europe Aerospace and Defense Battery Market (by Defense), $Million, 2022-2033
Table 12: Europe Aerospace and Defense Battery Market (by Ground-Based), $Million, 2022-2033
Table 13: Europe Aerospace and Defense Battery Market (by Marine-Based), $Million, 2022-2033
Table 14: Europe Aerospace and Defense Battery Market (by Battery Type), $Million, 2022-2033
Table 15: Europe Aerospace and Defense Battery Market (by Lithium-Based Battery Type), $Million, 2022-2033
Table 16: Europe Aerospace and Defense Battery Market (by Nickel-Based Battery Type), $Million, 2022-2033
Table 17: France Aerospace and Defense Battery Market (by Battery Type), $Million, 2022-2033
Table 18: France Aerospace and Defense Battery Market (by Lithium-Based Battery Type), $Million, 2022-2033
Table 19: France Aerospace and Defense Battery Market (by Nickel-Based Battery Type), $Million, 2022-2033
Table 20: Germany Aerospace and Defense Battery Market (by Battery Type), $Million, 2022-2033
Table 21: Germany Aerospace and Defense Battery Market (by Lithium-Based Battery Type), $Million, 2022-2033
Table 22: Germany Aerospace and Defense Battery Market (by Nickel-Based Battery Type), $Million, 2022-2033
Table 23: U.K. Aerospace and Defense Battery Market (by Battery Type), $Million, 2022-2033
Table 24: U.K. Aerospace and Defense Battery Market (by Lithium-Based Battery Type), $Million, 2022-2033
Table 25: U.K. Aerospace and Defense Battery Market (by Nickel-Based Battery Type), $Million, 2022-2033
Table 26: Rest-of-Europe Aerospace and Defense Battery Market (by Battery Type), $Million, 2022-2033
Table 27: Rest-of-Europe Aerospace and Defense Battery Market (by Lithium-Based Battery Type), $Million, 2022-2033
Table 28: Rest-of-Europe Aerospace and Defense Battery Market (by Nickel-Based Battery Type), $Million, 2022-2033
Table 29: Benchmarking and Weightage Parameters
Table 30: Lincad: Product Portfolio
Table 31: Lincad: Product Developments and Fundings
Table 32: Lincad: Partnerships, Collaborations, Contracts, and Agreements
Table 33: WAE Technologies Limited: Product Portfolio
Table 34: WAE Technologies Limited: Partnerships, Collaborations, Contracts, and Agreements
Table 35: Other Key Player Profiles
Table 1: Funding and Investment Scenario, January 2021-August 2023
Table 2: Comparative Landscape (by Application)
Table 3: Patent Landscape
Table 4: New Product Launches, Developments, and Others, January 2020-August 2023
Table 5: Partnerships, Collaborations, Agreements, Contracts, and Others, January 2020-August 2023
Table 6: Aerospace and Defense Battery Market (by Region), $Million, 2022-2033
Table 7: Europe Aerospace and Defense Battery Market (by Platform), $Million, 2022-2033
Table 8: Europe Aerospace and Defense Battery Market (by Space), $Million, 2022-2033
Table 9: Europe Aerospace and Defense Battery Market (by Aircraft), $Million, 2022-2033
Table 10: Europe Aerospace and Defense Battery Market (by UAV), $Million, 2022-2033
Table 11: Europe Aerospace and Defense Battery Market (by Defense), $Million, 2022-2033
Table 12: Europe Aerospace and Defense Battery Market (by Ground-Based), $Million, 2022-2033
Table 13: Europe Aerospace and Defense Battery Market (by Marine-Based), $Million, 2022-2033
Table 14: Europe Aerospace and Defense Battery Market (by Battery Type), $Million, 2022-2033
Table 15: Europe Aerospace and Defense Battery Market (by Lithium-Based Battery Type), $Million, 2022-2033
Table 16: Europe Aerospace and Defense Battery Market (by Nickel-Based Battery Type), $Million, 2022-2033
Table 17: France Aerospace and Defense Battery Market (by Battery Type), $Million, 2022-2033
Table 18: France Aerospace and Defense Battery Market (by Lithium-Based Battery Type), $Million, 2022-2033
Table 19: France Aerospace and Defense Battery Market (by Nickel-Based Battery Type), $Million, 2022-2033
Table 20: Germany Aerospace and Defense Battery Market (by Battery Type), $Million, 2022-2033
Table 21: Germany Aerospace and Defense Battery Market (by Lithium-Based Battery Type), $Million, 2022-2033
Table 22: Germany Aerospace and Defense Battery Market (by Nickel-Based Battery Type), $Million, 2022-2033
Table 23: U.K. Aerospace and Defense Battery Market (by Battery Type), $Million, 2022-2033
Table 24: U.K. Aerospace and Defense Battery Market (by Lithium-Based Battery Type), $Million, 2022-2033
Table 25: U.K. Aerospace and Defense Battery Market (by Nickel-Based Battery Type), $Million, 2022-2033
Table 26: Rest-of-Europe Aerospace and Defense Battery Market (by Battery Type), $Million, 2022-2033
Table 27: Rest-of-Europe Aerospace and Defense Battery Market (by Lithium-Based Battery Type), $Million, 2022-2033
Table 28: Rest-of-Europe Aerospace and Defense Battery Market (by Nickel-Based Battery Type), $Million, 2022-2033
Table 29: Benchmarking and Weightage Parameters
Table 30: Lincad: Product Portfolio
Table 31: Lincad: Product Developments and Fundings
Table 32: Lincad: Partnerships, Collaborations, Contracts, and Agreements
Table 33: WAE Technologies Limited: Product Portfolio
Table 34: WAE Technologies Limited: Partnerships, Collaborations, Contracts, and Agreements
Table 35: Other Key Player Profiles
