Aircraft Battery Market Research Report - Global Forecast till 2030

Global Aircraft Battery Market Research Report: By Battery Type (Lead Acid Battery, Lithium-Ion Battery, Nickel-Cadmium Battery, and others), Technology (Traditional Aircraft, More Electric Aircraft, Hybrid Aircraft, and Electric Aircraft), Aircraft Type (Commercial Aviation, Military Aviation and Unmanned Aerial Vehicles [UAV]), Application (Propulsion, Emergency, Auxiliary Power Unit (APU) and others) - Forecast till 2030

ID: MRFR/A&D/7294-HCR | 175 Pages | Published By Swapnil Palwe on March 2023         

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Aircraft Battery Market Overview

Aircraft Battery Market is projected to reach USD 1099.59 Million by 2030, registering a CAGR of 7.53% between 2020-2030

Market Overview

The demand for aircraft in various sectors and their development for proper functioning drives the¬†Aircraft Battery Market. The battery plays an important in operating the aircraft. The increased usage of aircraft in military operations is fuelling the market‚ÄĒthe military sector's demand for advanced aircraft, especially for the air forces during military operations. Military aircraft with high-quality features, especially good battery life, the¬†Market Outlook¬†will help the market to propel its business.¬†

In the commercial and civil sectors, the demand for aircraft is highly increasing for various purposes. The usage of UAVs for commercial, civil, and military purposes is even driving the Aircraft Battery Market Growth. UAVs in military sectors are used for investigation and monitoring, and commercially UAVs can be used for transporting necessary things in logistics. The use of aircraft batteries in UAVs is increasing as the application of UAVs is rising in high demand. 

Aircraft are important for a sting operation, border monitoring, investigation in military operations to locate the risk factor, transport necessary items instantly to a place, and other important applications boost the Aircraft Battery Market Share. Due to the wide usage of aircraft, the demand for aircraft batteries development is increasing simultaneously. All these sectors demand advanced featured battery types for the aircraft for long-lasting and effective applications. The batteries even come in various types according to preference; all aircraft batteries have unique properties. A battery with unique features and properties is mostly preferred. Therefore the players are focusing on further development to meet the market’s demand. The Industry will show the highest growth rate due to growth factors, as discussed earlier.

COVID-19 Analysis

The Aircraft Battery Market faced challenging situations due to the strict lockdown rules. The import and export and other transportation activities were stopped, which hampered the Market Growth. The manufacturers even faced a financial crisis due to revenue loss and the shutdown of industrial units. But the rising demand for aircraft in different sectors will help the market reach its CAGR during the evaluation period.

Chief Factors Existing In The Market

Key Market Drivers

The key drivers of the Aircraft Battery Market are successfully driving the market to grow at the global level. The development of electric aircraft for commercial aviation purposes, the increased demand for new aircraft, and the usage of UAVs in various commercial and civil sectors are the major driving factors of the Market.

Market Challenges 

The customer’s demand for high quality, highly featured battery with advanced properties is a challenging factor for the Aircraft Battery Market. The COVID-19 period has even created a challenging situation for the market. But the further development will let the market face these challenges successfully.

Market Opportunities

The Aircraft Battery Market is getting widespread opportunities from various sectors such as military, civil and commercial sectors. The large investments by the government agencies in the aviation sectors for the development of various products of aircraft are setting huge opportunities for the Industry Outlook. Increased adoption of fuel cells to reduce carbon emissions and the need for better battery management systems are major opportunities for the market.

Market Restraints

The development of advanced featured batteries needs a high-cost price, acting as a restraining factor for the Aircraft Battery Market. 

 Cumulative Evaluation Of The Market

The cumulative evaluation of the Aircraft Battery Market Analysis shows the overall market’s performance. The chief factors of the market, such as the market drivers and the opportunities, are helping the market to dive at the global level. The growth limiting factors like the challenges and restraints hamper the industry player's strategies to help the market overcome the limiting factors. Amid the COVID-19 effect, the Market Forecast will reach its CAGR successfully.  

Market Segmentation

The Aircraft Battery Market Size is segmented based on battery type, technology, aircraft type, and application.

  • By Battery Type

In the battery type, the Aircraft Battery Market is sub-divided into Lead Acid Battery, Lithium-Ion Battery, Nickel-Cadmium Battery, and others. The lead-acid battery was the largest share-holding region of the Market Share due to its good energy storage and power provision properties. Therefore, it is used as the main battery in aircraft operation. The nickel-cadmium battery records the highest CAGR during the forecast period due to its rise in demand over the past years. 

  • By Technology

Based on the technology segment, the Aircraft Battery Market Size¬†is further divided into traditional aircraft, more electric aircraft, hybrid aircraft, and electric aircraft‚ÄĒall these aircraft's function with the help of batteries.¬†

  • By Aircraft Type

The aircraft type segment of the Aircraft Battery Market is divided into commercial and civil aviation, military aviation, and unmanned aerial vehicles. The civil aviation segment is estimated to record the highest growth rate during the review period due to the increase in the development of hybrid aircraft and more electric aircraft in this sector. The Military Aviation segment is to register a good CAGR value during the forecast period due to the renovation of existing military aircraft with advanced features. The UAVs segment is even anticipated to record the highest growth rate due to the rise in demand for UAVs for surveillance, border patrol, intelligence, reconnaissance, missile detection, and satellite communications in the military sectors and for commercial applications, which contribute to the growth of global Aircraft Battery Market.

  • By application

The application segment of the Aircraft Battery Market is categorized into propulsion, emergency, auxiliary power unit (APU), and others. 

Regional Analysis

The geographical report of the Aircraft Battery Market Analysis shows its tremendous growth in major regions such as North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Among these, North America is considered a dominating region of the Market due to key players who are largely investing in the development of aircraft batteries. The increase in the adoption of UAVs in military missions and operations for investigation purposes is driving the European Market. 

The Asia Pacific region is anticipated to hold the highest CAGR due to its increased growth rate. The increase in demand for new aircraft in both civil and commercial applications and the investment in defence sectors in countries such as India and China are propelling the regional growth of the market. The large investment in defence by major countries such as Saudi Arabia, UAE, and Israel in the Middle East & African region contributes to the regional Aircraft Battery Market Trends. In Latin America, the increased usage of UAVs for sting operations such as drug trafficking and rebel groups, deforestation monitoring, and illegal migration are flourishing the regional market growth.

Competitive Intensity Within The Industry

The key players of the Aircraft Battery Market are upgrading the developmental features of the market through their strategies to accelerate its growth rate. They are focusing on the opportunities to target constraints of the market. Below is the list of prominent players raising the Industry trends.

  • Concorde Battery Corporation (US)

  • Eaglepicher (US)

  • Cella Energy (US)

  • Enersys (US)

  • Kokam (South Korea)

  • Marvel Aero International (US)

  • Mid-Continent Instruments and Avionics (US)

  • GS Yuasa (Japan)

  • Teledyne Battery Products (US)

  • Saft Groupe SA (France)

Recent Market Developments

According to the reports, United Airlines is trending among others. Earlier, the company signed a deal for battery-powered electric aircraft through its new United Airlines Ventures investment fund, collaborating with Breakthrough Energy Ventures, Mesa Airlines, and Heart Aerospace.

Report Overview

The overall report of the Aircraft Battery Market shows the developmental growth of the market since recent years, and it is predicted to reach its remarkable growth rate in the future years. The prominent role and effects of key market dynamics were stated in the report.

The segmentation report shows the widespread application of various segments and their sub-segments, further diverse with its usages. The¬†Market¬†covers the major regions across the world. The development of the market in the different regions was also stated with its driving factors‚ÄĒthe recent developments of the¬†Aircraft Battery Market¬†to further diversify its value in the upcoming years. Therefore, the¬†Market Value¬†is estimated to reach its expected CAGR value in the review period.

Key Industrial Segments

By Battery Type

  • Lead Acid Battery

  • Lithium-Ion Battery

  • Nickel-Cadmium Battery

  • Others

By Technology

  • Traditional Aircraft

  • More Electric Aircraft

  • Hybrid Aircraft

  • Electric Aircraft

By Aircraft Type

  • Commercial Aviation

  • Military Aviation¬†

  • Unmanned Aerial Vehicles [UAV]

By Application 

  • Propulsion

  • Emergency

  • Auxiliary Power Unit (APU)¬†

  • Others

Report Scope:

Report Attribute/Metric Details
  Market Size   USD 1099.59 Million (2030)
  CAGR   7.53% (2020-2030)
  Base Year   2019
  Forecast Period   2030
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Battery Type, Technology, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Cella Energy (US), Concorde Battery Corporation (US), Eaglepicher (US), Enersys (US), GS Yuasa (Japan), Kokam (South Korea), Marvel Aero International (US), Mid-Continent Instruments and Avionics (US), Saft Groupe SA (France), Teledyne Battery Products (US)
  Key Market Opportunities

  • Adoption of Fuel Cells to Reduce Carbon Emissions.
  • Need for Better Battery Management Systems
  •   Key Market Drivers

  • Development of More Electric Aircraft for Commercial Aviation.
  • Increase in Demand for New Aircraft.
  • Increasing Use of UAVs in Commercial and Civil Applications

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    Frequently Asked Questions (FAQ) :

    Global aircraft battery market is estimated to grow at a CAGR of 7.53% by 2030.

    Global aircraft battery market is estimated to acquire market value of USD 1099.59 million by 2030.

    Demand for an efficient battery management system and the adoption of fuel cells to lessen carbon emission are some of the lucrative market opportunities of the global aircraft battery market.

    Global aircraft battery market can be segmented on the basis of aircraft type, battery type, and region.

    GS Yuasa (Japan), Cella Energy (US), Concorde Battery Corporation (US), Mid-Continent Instruments and Avionics (US), are some of the key players of the global aircraft battery market.