Commercial Aircraft Battery Management System (BMS) Market Report Overview
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The global commercial aircraft battery management system (BMS) market size was USD 323.2 million in 2021, as per our research, the market is expected to reach USD 589.67 million in 2031, exhibiting a CAGR of 6.1% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with the commercial aircraft battery management system (BMS) market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
A battery management system (BMS) is a controlled by computers system that regulates both the charging and discharging of cells in commercial flights. The commercial aircraft battery management system (BMS) regulates the amount of power each battery receives and measures the current, temperature, and voltage of every battery in the aircraft to make sure that they are all charged equally and don't overheat. This guarantees that regardless of whether one or more of the aircraft's cells fail, it can still fly.
There are various reasons why the market for commercial aircraft battery management system (BMS) is expanding. First, the need for effective and dependable battery systems is being driven by the rising demand for commercial airplanes globally. Second, more sophisticated BMS technology is necessary due to the increasing use of electric and hybrid-electric aircraft. Additionally, complex BMS solutions are being purchased by aircraft manufacturers as a result of strict safety standards and the focus on cutting carbon emissions. The market is expanding as a result of developments in battery technology as well as the demand for improved battery performance and longevity.
COVID-19 Impact: Decrease in Air Travel Led to the Reduction in Aircraft Production and Delivery
The market for commercial airplane battery management system (BMS) has been significantly impacted by the COVID-19 epidemic, as has the commercial aircraft sector as a whole. During the pandemic, there was a substantial downturn in the demand for air travel, which led to a reduction in aircraft production and delivery. The demand for BMS systems was subsequently impacted since fewer new aircraft were being built or ordered as a result. Due to travel limitations and a decline in customer demand, airlines experienced serious financial difficulties. Budget reductions and delays in fleet expansion or upgrades, such as the adoption of new BMS technology, were the result of this.
Latest Trends
"Increasing Popularity of Condition-based Monitoring to Improve the Operational Effectiveness of Batteries"
In the aviation sector, conventional maintenance procedures frequently follow predetermined schedules. However, condition-based monitoring is becoming more popular as commercial aircraft battery management system (BMS) technology develops. Battery health and performance are regularly monitored by BMS systems, which also offer real-time information about their state of health. This enables maintenance teams to do focused maintenance, respond quickly to any problems, and replace batteries as needed, improving operational effectiveness and cutting costs.
Commercial Aircraft Battery Management System (BMS) Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into centralized, modular, and distributed.
- By Application Analysis
Based on application, the market can be divided into OEM and aftermarket.
Driving Factors
"Increasing Adoption of Electric Aircrafts is Growing the Need for Effective Battery Systems"
As a way to cut carbon emissions and increase sustainability, the commercial aviation sector is seeing a rise in interest in electric and hybrid-electric aircraft. The propulsion and other vital systems of these aircraft are primarily dependent on sophisticated battery systems. Thus, in order to support the safe operation of these aircraft, there is an increasing need for effective and trustworthy commercial aircraft battery management system (BMS). The safety of the electrical power system and the monitoring, management, and optimization of the performance of the batteries are all made possible by BMS systems.
"Stringent Safety and Regulatory Standards is Increasing the Demand for BMS"
In the aviation sector, safety is of utmost significance, and commercial planes are operated under rigorous standards. Battery management systems are essential for ensuring that aircraft batteries operate safely. The use of sophisticated commercial aircraft battery management system (BMS) technology is required by stringent safety and regulatory standards in order to monitor battery health, avoid overcharging or discharging, find defects, and put preventative measures in place. The demand for sophisticated BMS solutions that adhere to industry standards is being driven by the increased focus on safety standards and regulations.
Restraining Factors
"High Expense of Deploying Modern BMS Technology is Adversely Affecting the Market’s Expansion"
The high expense of deploying modern BMS technology is one factor limiting the commercial aircraft battery management system (BMS) market growth. Airlines and aircraft manufacturers may have difficulties as a result of the high cost of developing and integrating advanced BMS systems into commercial aircraft, particularly during times of tight budgets or unpredictable market circumstances. Cost concerns could prevent some airlines from implementing advanced BMS solutions, especially those with smaller fleets or limited resources, which would have an adverse effect on the market's overall expansion.
Commercial Aircraft Battery Management System (BMS) Market Regional Insights
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"Strong and Expanding Commercial Aviation Sector is Leading Asia Pacific to Dominate the Market"
Due to a number of variables, Asia Pacific is anticipated to rule the commercial aircraft battery management system (BMS) market share. First off, the region boasts a strong and expanding commercial aviation sector, with a sizable number of carriers and rising demand for air travel. To support the growing fleet and ensure safe operations, new BMS systems are required. Second, nations in the region, including China and India, have grand plans for the electrification of aviation and the creation of electric aircraft. The demand for BMS systems designed for electric propulsion and energy management is increased by these activities. The region's growth prospects for the aircraft market in Asia Pacific are further strengthened by the presence of significant aircraft manufacturers and suppliers.
Key Industry Players
"Key Players are Establishing Strategic Alliances in order to Obtain Long-term Contracts"
Players are concentrating on different methods to control the commercial aviation battery management system (BMS) industry. First, they are spending money on R&D to create modern BMS systems with improved features, dependability, and safety. Second, they are diversifying their product lines to accommodate a variety of aircraft models and battery kinds. In order to obtain long-term contracts, participants are also establishing strategic alliances and collaborations with suppliers and manufacturers of aircraft. In addition, they actively participate in trade shows, exhibitions, and advertising campaigns to broaden their brand recognition and market presence.
List of Market Players Profiled
- Concorde Battery (U.S.)
- MarathonNorco Aerospace (U.S.)
- Saft (France)
- Acme Aerospace (U.S.)
- EaglePicher Technologies (U.S.)
Report Coverage
This report covers the commercial aircraft battery management system (BMS) market. The CAGR expected to be in during the forecast period, and also the USD value in 2021 and what it is expected to be in 2031. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 323.2 Million in 2021 |
Market Size Value By |
US$ 589.67 Million by 2031 |
Growth Rate |
CAGR of 6.1% from 2021 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2023 |
Historical Data Available |
yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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1. What value is the global commercial aircraft battery management system (BMS) market expected to touch by 2031?
The global commercial aircraft battery management system (BMS) market is expected to touch USD 589.67 million in 2031.
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2. What CAGR is the commercial aircraft battery management system (BMS) market expected to exhibit during 2022-2031?
The commercial aircraft battery management system (BMS) market is expected to exhibit a CAGR of 6.1% over 2022-2031.
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3. Which are the driving factors of the market?
The driving factors of the market are increasing adoption of electric aircraft and stringent safety and regulatory standards.
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4. Which are the top companies operating in the market?
The top companies operating in the market are Concorde Battery, MarathonNorco Aerospace, Saft, Acme Aerospace, and EaglePicher Technologies.