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Increasing Seaborne Trade Across The Globe To Propel Port Equipment Market

The factors that are expected to fuel the growth of the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Various countries have been focusing on developing new ports owing to the increase in vessel count and trade volume. According to the International Chamber of Shipping, 90% of the world’s trade is carried out through seaways as they are ideal for heavy and bulk goods, have large carrying capabilities, and offer competitive freight costs. The global port equipment market size is expected to grow from USD 29.2 billion in 2018 to USD 36.6 million by 2023, at a CAGR of 3.30% during the forecast period. The major driving factors for the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Based on equipment type, the straddle carriers segment is estimated to lead the port equipm
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Aircraft Battery Market Will Hit 667.8 Million USD by 2022 | Key Influcencing Factors, Segments & Scope

The global Aircraft batteries are used to start engines and auxiliary power units, provide emergency backup power for essential avionics equipment, and power for navigation units. The global aircraft battery market size is projected to grow from an estimated USD 475.0 Million in 2017 to USD 667.8 Million by 2022, at a CAGR of 7.05% from 2017 to 2022. The North America aircraft battery market is growing at a significant pace due to the rapid growth of the aircraft manufacturing industry in the region. The growth of the Asia Pacific aircraft battery market can be attributed to the rising disposable incomes and increasing air travel.


Aircraft manufacturers are increasingly shifting towards the More Electric Architecture (MEA) that involves majority of non-propulsive systems in an aircraft being powered by electricity. The growing shift toward the more electric aircraft technology is expected to propel the demand for aircraft batteries during the forecast period.

The UAV segment under the aircraft type is witnessing strong growth in the aircraft battery market. Drones are widely accepted by the defense sector worldwide, owing to their limited operational costs in comparison to manned aircraft and benefits offered by them to defense forces. Moreover, there have been huge R&D investments in the field of drones that have widened their applicability in mining, surveying, 3D mapping, and oil & gas exploration activities, among others.

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Based on end user, the OEM segment is expected to lead the aircraft battery market during the forecast period. In the aviation industry, aircraft are manufactured and delivered to airlines with aircraft battery technology already installed in the aircraft. Original Equipment Manufacturers (OEMs) are responsible for the installation of battery components. This has become a suitable alternative for airline companies, as post the delivery of aircraft, modification becomes cumbersome for aircraft manufacturers.

Based on offering, the product segment of the aircraft battery market is projected to witness the highest growth during the forecast period.

Based on offering, the product segment of the aircraft battery market is projected to witness the highest growth during the forecast period. The product segment includes all the battery types and battery management systems used in aircraft. As the aircraft architecture is moving more towards electrical systems, the need for better and more number of batteries is driving the product segment of the aircraft battery market.

The North America region is expected to lead the aircraft battery market during the forecast period 2017 to 2022.

The North America region is expected to lead the aircraft battery market during the forecast period. The growth of the North America aircraft battery market is driven by factors such as the rapid growth in the aircraft manufacturing, technological advancements in aircraft architecture, and growth in the electric aircraft industry. Thus, the market for aircraft batteries is expected to witness considerable growth in the region following the increased demand from various applications.

Major companies profiled in the aircraft battery market report are Concorde Batteries (US), Saft (France), EnerSys (US), EaglePitcher (US), and Gill Batteries (US), among others.

Concorde Batteries (US), Saft (France), and EnerSys (US) are the key players operating in the aircraft battery market. These market players have been focusing on securing contracts to ensure organic growth in the aircraft battery market. The core competencies of these market players include their widespread geographical presence and increased investments in R&D activities.

Concorde Batteries is a major player in the aircraft battery market. The company focuses on contracts through extensive R&D activities. The company’s next-generation innovation and strategic investments, coupled with a strong product portfolio, are expected to lead to its robust international growth in future. Its strong R&D capabilities have resulted in engineering successes in each of its key business sectors. For instance, Concorde Battery Corporation was awarded the Boeing Performance Excellence Award of 2016.

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