Advanced high energy battery systems are now sought for use in the future NASA human and robotic mission. Light weight and long life battery could substantially reduce the payload for the mission and extend the mission duration. This represents significant market opportunity.
In recent years, unmanned vehicles, including UAVs, UUV and USVs, have witnessed rapid growth due to its unique capability in information gathering and surveillance. Their operation duration is limited only by the power source they carry. So we expect that high energy density battery will gain substantial market shares in this military market. Rechargeable lithium-ion batteries are now used extensively in a wide range of consumer applications where high energy densities and extended cycle life are required. Also, there is growing trend in using these batteries for EV, HEV and PHEV, as well as electric energy storage. The global market for these batteries is estimated to be US$18 billion in 2010 and is growing at double digit rate. It is expected this high energy density battery will capture certain market share in this commercial market.
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