About Aerospace Ultra-Capacitors
Ultra-capacitors are a new form of energy storage device with a near-instant recharging, high power density, and a long life cycle. An ultracapacitor is a high-capacity capacitor having a capacitance value that is higher than that of ordinary capacitors. They store 10 to 100 times more energy mass per unit than electrolytic capacitors and run at lower voltages. They're used in unmanned aerial vehicle catapults, combat tank cold cranes, GPS-guided missiles, and others. Further, the automobile industry is expected to develop at a significant rate. The growing demand for ultracapacitors in cars and buses is expected to boost market demand during the forecast period. The growing trend of renewable technology has increased the consumption of environment-friendly energy storage solutions, which, in turn, is expected to boost the overall market during the forecast period. Government-enacted carbon emission standards and regulations are expected to drive revenue generation in the worldwide ultra-capacitors market in the coming years. Automotive ultra-capacitors are one of the most common energy sources for delivering rapid bursts of energy during peak power demand.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The manufacturers operating in this are expanding their footprint in the geographical areas. This market is expanding its heavy investment in various market development across various regions by adopting various business strategies such as mergers & acquisitions, expansions, investments, new solution launches, and many others. The market-leading players are exploring growing market opportunity areas through expansions and acquisitions across the globe to benefit from competitive advantage through combined initiatives. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Aerospace Ultra-Capacitors market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
CAP-XX (Australia), LS Mtron Ltd. (South Korea), Maxwell Technologies (United States), Skeleton Technologies. (Europe), Tracxn Technologies Limited. (South Korea), VINATech Co.,Ltd. (Korea), Yunasko (Ukraine), Axion Power International Inc. (United States), Supreme Power Solutions (Germany) and Panasonic Corporation (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Aerospace Ultra-Capacitors market by Type (Pseudo Capacitors, Electric Double-Layered Capacitors and Hybrid Capacitors), Application (GPS Guided Missiles & Projectile, Cold Engine Start, Backup Power, High Power Discharge for Naval Warfare, UAV and Radar) and Region.
On the basis of geography, the market of Aerospace Ultra-Capacitors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Power Modules, the sub-segment i.e. Less Than 10 Volts will boost the Aerospace Ultra-Capacitors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Automotive Industry Boost Demand for Ultracapacitors and Increasing demand for next-generation planes that uses less fuel, and emit loss
Market Growth Drivers:
Demand for Modern Aircraft Is Growing and Increasing demand for supercapacitors
Challenges:
Cannot discharge large current
Restraints:
Market Is Hampered By Raw Material Price Volatility and Availability
Opportunities:
With the advancements in technology in aerospace applications as well as electronics applications and others, hybrid ultra-capacitor utilization is increasing
Market Leaders and their expansionary development strategies
In February 2020, Skeleton Technologies signed a contract with Attabotics to deliver ultracapacitor modules. Attabotics is a Canadian firm that specializes in the creation of a new all-in-one automated storage, order fulfillment, retrieval, and sortation system for some of North America's major retailers.
In April 2020, CAP-XX Limited produced the industry's first prismatic supercapacitors. To meet the demand for affordable, compact, and energy-efficient solutions for usage in key FOBs, thin wearables, and other IoT devices, the business initially deployed its 3V technology in thin prismatic form.
Key Target Audience
Government regulatory authorities, End User Industry, Customer and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.