Global Transportation Li ion Battery Market by Type (LiCoO2 Battery, NMC/NCA Battery, LiFePO4 Battery, Others), By Application (Electric Vehicle (EV), Aerospace Transportation, Military Transportation, Marine Transportation) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The Global Transportation Li-ion Battery Market Size is expected to grow from USD 1.0 billion in 2021 to USD X.X billion by 2028, at a CAGR of 23%. The major factor driving the market growth is the increasing demand for electric vehicles (EV) and hybrid vehicles across different industrial applications including aerospace, military, marine transportation sectors.

Li-ion batteries are rechargeable, lightweight, and compact. They are the most common type of battery used in electric vehicles and hybrid vehicle applications because they have a high energy density that maximizes range per charge. Li-ion batteries also feature low maintenance requirements and produce minimal pollution during operation, making them an environmentally friendly choice for transportation use.

On the basis of Types, the market is segmented into LiCoO2 Battery, NMC/NCA Battery, LiFePO4 Battery, and Others.

LiCoO2 Battery:

The LiCoO₂ battery, also known as the lithium cobalt oxide or LCO battery is a type of rechargeable non-recycled Lithium-ion battery with a typical voltage range from about 0.65 volts to about 0.75 volts per cell (depending on discharge rate). The LiCoO₂ battery is similar to the older Lithium-cobalt dioxide or LCO² cell. The main difference between them is that while both use lithium and cobalt, the LCO also employs manganese oxide as a cathode material in addition to carbon (0.005% for each).

NMC/NCA Battery:

NMC stands for Nickel Manganese Cobalt and NCA is Nickel Cobalt Aluminum. The two different chemistries have great similarities in performance, that's why they are often grouped together as one type. NMC has a higher capacity than LFP, but it is less stable and more expensive. NCA batteries are often used in electric vehicles that have to last up to 500 cycles for long periods of time without needing replacement.

LiFePO4 Battery:

LiFePO4 is a lithium battery that utilizes Lithium Iron Phosphate as the cathode material. The technology offers high energy densities and long cycle life, but it is not rechargeable. LiFePO4 batteries are low-cost rechargeable batteries that can be used for the same purposes as standard LiCoO4 batteries, but without some of their disadvantages. For example, they don't suffer from 'coulombic inefficiency' and are more stable than other chemistries (such as Lithium-Ion) when exposed to high temperatures.

On the basis of Application, the market is segmented into Electric Vehicle (EV), Aerospace Transportation, Military Transportation, and Marine Transportation.

Electric Vehicle (EV):

Li-ion battery is one of the key components in electric vehicles (EV), which provides power to a number of vehicles for range. It stores energy from a grid or renewable source and converts it into electricity that powers motors with direct current (DC) voltage, acting as an onboard generator. For long-distance travel, EVs can use charging stations set up at various locations along their routes so they never need to worry about running out of power while driving. The major benefits are low emissions, zero gasoline consumption, and fast recharge time when needed; however, there are still some challenges such as cost implications due to battery life cycle and limited available space among others.

Aerospace Transportation:

Aerospace Transportation is a segment of the market where Li-ion batteries are used in various applications. These include electric propulsion for aircraft, electric power generation, and onboard auxiliary power supply (APU). The use of Li-ion cells has become an important factor due to their high energy density which enables them to store more charge.

The global aerospace transportation lithium-ion battery market size will witness significant growth over the forecast period owing to an increase in demand from different end-users such as aerospace industry segments including military, commercial aviation, business jet or rotorcraft, and private aviation.

Military Transportation:

Military Transportation is one of the major application segments for Li-ion batteries. The use of Li-ion batteries in Military transportation has been increasing rapidly owing to its low weight and lower cost, which makes it a favorable choice as compared to other primary energy sources like fossil fuels or hydrocarbons. Countries such as China have taken up significant investment opportunities into military ground vehicles due to their country’s ongoing territorial disputes with neighboring countries such as India and Japan; this development may lead to higher demand from this sector globally.

Marine Transportation:

Marine transportation is one of the major applications for Li-ion batteries. The use of these batteries in this sector could be attributed to their low cost and high energy density, which makes them a good option for powering electric boats or yachts that are not within easy reach from land-based power supply lines. Further, the environmental benefits associated with lithium-ion battery-powered vessels have also attracted many buyers towards this mode of marine transport.

On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. The driving factors of this market are largely attributed to the growing government initiatives for electric vehicles in countries such as Norway and China.

Growth Factors For The Global Transportation Li-ion Battery Market:

Increased government support for electric vehicles in countries such as Norway and China has led to an increase in demand for lithium-ion batteries-powered vessels that are not within easy reach from land-based power supply lines. Further, the environmental benefits associated with lithium-ion battery-powered vessels have also attracted many buyers towards this mode of marine transport. Other growth factors are the growing investments in the development of new battery technologies and the need for efficient power management in order to increase vehicle range. With the growth in research and development investment, manufacturers are expanding their product lines into this market space leading to an increased demand for transportation li-ion batteries.

Up Market Research published a new report titled “Transportation Li ion Battery Market research report which is segmented by Types (LiCoO2 Battery, NMC/NCA Battery, LiFePO4 Battery, Others), By Applications (Electric Vehicle (EV), Aerospace Transportation, Military Transportation, Marine Transportation), By Players/Companies Panasonic, Samsung SDI, BYD, SONY, Toshiba, GS Yuasa, LG Chem, Johnson Controls, Saft, Hitachi, Lishen Battery, Kokam, EnerSys, CBAK Energy, East Penn Manufacturing, Leoch International, Automotive Energy Supply, Narada Power, Tianneng Power, Wanxiang Group”. 

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Transportation Li ion Battery Market Report Segments:

The market is segmented by Type LiCoO2 Battery, NMC/NCA Battery, LiFePO4 Battery, Others and By Application Electric Vehicle (EV), Aerospace Transportation, Military Transportation, Marine Transportation.

Some of the companies that are profiled in this report are:

1. Panasonic
2. Samsung SDI
3. BYD
4. SONY
5. Toshiba
6. GS Yuasa
7. LG Chem
8. Johnson Controls
9. Saft
10. Hitachi
11. Lishen Battery
12. Kokam
13. EnerSys
14. CBAK Energy
15. East Penn Manufacturing
16. Leoch International
17. Automotive Energy Supply
18. Narada Power
19. Tianneng Power
20. Wanxiang Group

Transportation Li ion Battery Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Transportation Li ion Battery Market

Overview of the regional outlook of the Transportation Li ion Battery Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Transportation Li ion Battery Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Transportation Li ion Battery Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. LiCoO2 Battery

                2. NMC/NCA Battery

                3. LiFePO4 Battery

                4. Others

                1. Electric Vehicle (EV)

                2. Aerospace Transportation

                3. Military Transportation

                4. Marine Transportation

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Transportation Li ion Battery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
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• Understanding Competition Scenario
• Product & Brand Management
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• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Transportation Li ion Battery Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.