NEW YORK, July 22, 2021 /PRNewswire/ -- The commercial aircraft battery management system market is expected to grow by USD 99.69 million, progressing at a CAGR of over 7% during the forecast period.
NEW YORK, July 22, 2021 /PRNewswire/ -- The commercial aircraft battery management system market is expected to grow by USD 99.69 million, progressing at a CAGR of over 7% during the forecast period.
The inclination toward the development of MEA and hybrid aircraft is one of the major factors propelling the market growth. However, the lack of proper BMS standards will hamper market growth.
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Commercial Aircraft Battery Management System Market: Type Landscape
Based on the type, the market witnessed maximum growth in the nickel-cadmium battery segment. The segment is driven by the increased use of nickel-cadmium batteries in aircraft applications such as APUs, generators, and other electrical components. The market growth in the segment will be significant during the forecast period.
Commercial Aircraft Battery Management System Market: Geographic Landscape
By geography, North America is going to have lucrative growth during the forecast period. About 36% of the market's overall growth is expected to originate from North America. The presence of a robust aviation base in the US and Canada will be crucial in driving the growth of the commercial aircraft battery management system market in North America during the forecast period.
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Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Battery type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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