Aircraft Battery Market Research Report - Global Forecast till 2027

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 2027

ID: MRFR/A&D/7294-HCR | February 2021 | Region: Global | 175 pages

Please note that the assessment period of report has been updated from 2019-2025 to 2020-2027. Cordially fill the sample form for updated data.

Market Scenario


Global Aircraft Battery Market is projected to reach USD 807.34 Million by 2025, registering a CAGR of 6.8% between 2019 and 2025. A battery contains one or more cells that convert chemical energy into electrical energy. Batteries are used during preflight to power up electrical systems and to start auxiliary power units (APU).


Market Synopsis


The global aircraft battery market has registered high growth over the past few years owing to the development of more electric aircraft for commercial aviation and an increase in demand for new aircraft. Moreover, the growing use of UAVs in commercial and civil applications are some factors driving the growth of the market.


Market USP


Increase in Electrification of Aircraft Requires Advanced Batteries


Market Drivers



  • Development of More Electric Aircraft for Commercial Aviation: The demand for more electric aircraft has increased owing to declined aircraft noise and emission and reduced operational and maintenance costs. Owing to the rise in the demand for new aircraft, it is expected that there would be larger participation of the regional companies in the manufacturing of more electric aircraft. The more electric aircraft requires high capacity batteries, which is expected to drive the growth of the global aircraft battery market.



  • Increase in Demand for New Aircraft



  • Increasing Use of UAVs in Commercial and Civil Applications


Market Opportunities



  • Adoption of Fuel Cells to Reduce Carbon Emissions

  • Need for Better Battery Management Systems


Segmentation


By Battery Type



  • Lead-acid Battery: The segment accounted for the larger market share in 2018. A lead-acid battery cell includes an anode made of lead oxide and a cathode of elemental lead submerged in an electrolyte solution of sulfuric acid. The lead-acid batteries have good energy storage and power provision properties and are often used as the main battery in an aircraft.



  • Nickel-Cadmium Battery: The segment is expected to record higher CAGR during the forecast period. Nickel-cadmium cells have an anode made from cadmium hydroxide and a cathode of nickel hydroxide that are submerged in an electrolyte made up of potassium, sodium, and lithium hydroxides. Nickel-cadmium batteries are reliable, require relatively low maintenance, and have a wide operating temperature range. Thus, the demand for these batteries has been increasing over the last few years.


By Aircraft Type



  • Civil Aviation: The segment is expected to record a high growth rate during the forecast period from 2019 to 2025. This is due to the increasing development of hybrid aircraft and more electric aircraft for civil aviation. Moreover, the rise in demand for new aircraft with advance systems is driving the growth of this segment.



  • Military Aviation: The segment expected to register a steady CAGR during the forecast period. This is due to the modernization of existing military aircraft with advanced systems.



  • UAV: The segment is expected to record the highest growth during the forecast period from 2019 to 2025. The increasing use of UAVs for surveillance, border patrol, intelligence, reconnaissance, missile detection, and satellite communications by the military agencies and for commercial applications globally is driving the growth of this segment.


By Region



  • North America: North America dominates the aircraft battery market. This trend is projected to continue during the forecast period due to the presence of prominent players such as Eaglepicher, Enersys, Marvel Aero International, and Teledyne Battery Products, and high investments by them in the development of aircraft batteries.



  • Europe: The increasing adoption of UAVs by the military forces for tactical missions is expected to drive the growth of the European market in the review period.



  • Asia-Pacific: The market in this region is projected to exhibit a high CAGR during the forecast period. The increasing demand for new aircraft and increasing defense expenditure in countries such as India and China are expected to drive market growth.



  • Middle East & Africa: The increase in defense expenditures by countries such as Saudi Arabia, UAE, and Israel is driving the market growth in the Middle East & African region.



  • Latin America: In Latin America, there has been an increase in the use of UAVs for intelligence gathering on drug trafficking and rebel groups, deforestation monitoring, and control of illegal migration, which is expected to drive the market growth.


Key Players



  • 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)



Frequently Asked Questions (FAQ) :


Global aircraft battery market is estimated to grow at a CAGR of 6.8% by 2025.

Global aircraft battery market is estimated to acquire market value of USD 807.34 million by 2025.

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.