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Aircraft Battery Market Research Report: Information By Battery Type (Lead Acid Battery, Lithium Ion Battery, Nickel-Cadmium Battery, and Others), By Technology (Traditional Aircraft, More Electric Aircraft, Hybrid Aircraft, and Electric Aircraft), By Aircraft Type (Commercial Aviation, Military Aviation, and Unmanned Aerial Vehicles), By Application (Propulsion, Emergency, Auxiliary Power Unit, and Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

ID: MRFR/A&D/7294-HCR | 175 Pages | Author: Swapnil Palwe| June 2024

Global Aircraft Battery Market Overview

Aircraft Battery Market Size was valued at USD 0.75 Billion in 2023. The Aircraft Battery market industry is projected to grow from USD 0.806475 Billion in 2024 to USD 1.35 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.65% during the forecast period (2024 - 2032). Rising interest in brand-new planes and increased use of unmanned aircraft systems are the key market drivers enhancing market growth.

Aircraft Battery Market Overview

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Aircraft Battery Market Trends

  • Growing adoption of electric propulsion in the aviation industry is driving the market growth

Market CAGR for aircraft batteries is driven by the significant increase worldwide. The aerospace industry has been compelled to examine economic and environmental considerations due to warming and market competitiveness. More electric airplanes have entered the market because of this. Since the previous two decades, airplanes have needed more power than ever. Because of advancements in battery materials and technology, numerous high-energy-density battery options have emerged to meet this demand. The aviation industry's efforts toward a more sustainable planet are well-known and widely praised. There is no airplane noise while using electric engines because they don't produce the kinds of noise from jet or combustion engines.

Additionally, electric airplanes forgo hydraulic controls in favor of electronic ones for greater economy. Reduced fuel use, pollutants, and airplane noise are only some of the many benefits that will result from the development and implementation of MEA. Manufacturers are also working towards lightweight battery systems to reduce the aircraft's fuel consumption. The current specification for airplane batteries calls for an item with a high energy-to-weight and energy-to-density ratio and optimal safety over the service life. Climate change is inspiring the creation of new aircraft technologies. They show great potential for shaping a pollution-free future of air travel. However, there are challenges with emerging aircraft types like hybrids and electric planes that rely on battery technology. Because current batteries only store a relatively tiny amount of energy, only relatively small aircraft can be electrified. Future commercial airplanes will be electrified thanks to significant advances in battery energy density. This increase in the demand for new airplanes would directly affect aircraft battery sales.

For instance, the company has stated that the Eagle Picher batteries are being used aboard the Artemis I spacecraft. These batteries will power the Space Launch System (SLS) and the Orion crew module, making them crucial to the mission's success. As a result, the demand for aircraft batteries is forecasted to grow during the horizon of this prediction due to the rising facilities. Thus, the driving factor is aircraft battery market revenue.

Aircraft Battery Market Segment Insights

Aircraft Battery Type Insights

The aircraft battery market segmentation, based on battery type, includes lead acid battery, lithium-ion battery, nickel-cadmium battery, and others. In 2022, the lead acid battery segment led the aircraft battery market in revenue because of its ability to store and supply energy. As a result, it is the primary battery for usage in aircraft.

Aircraft Battery Technology Insights

The aircraft battery market segmentation, based on technology, includes traditional aircraft, more electric aircraft, hybrid aircraft, and electric aircraft. The traditional aircraft segment is expected to develop at a CAGR of 7.53% over the projected period, making up the largest market share due to the Pneumatic, hydraulic, and electrical power is supplied directly to conventional aircraft's main engine, wing de-icing systems, and cabin via pumps and generators. When managing hydraulic loads in the air, actuators play a vital role. Therefore, conventional aircraft employ aircraft batteries for all of these functions.

Aircraft Battery Aircraft Type Insights

The aircraft battery market segmentation, based on aircraft type, includes commercial aviation, military aviation, and unmanned aerial vehicles. The segment with the largest market share in commercial aviation is expected to grow fastest at a CAGR of 7.53% over the next several years because of the quick expansion of the hybrid aviation industry and the proliferation of electric aircraft in recent years. Electric commercial aircraft can aid in reducing carbon emissions if new technologies can deliver the unique power, weight, and dependability required for a viable commercial fleet.

Figure 1: Aircraft Battery Market by Aircraft Type, 2022 & 2032 (USD Billion)

Aircraft Battery Market by Aircraft Type, 2022 & 2032

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Aircraft Battery Application Insights

The aircraft battery market segmentation, based on application, includes propulsion, emergency, auxiliary power unit, and others. The propulsion category is expected to grow fastest at a CAGR of 7.53% in light of anticipated future growth in demand for aviation battery production has increased.

Aircraft Battery Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American aircraft battery market will dominate because of the massive quantity of airplanes manufactured for both civilian and military use and makes significant investments in research and development for cutting-edge battery technology, essential for existing and future aircraft technologies.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.



Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe’s aircraft battery market accounts for the second-largest market share because the rising prevalence of UAVs in military missions and operations for intelligence gathering. Further, the German aircraft battery market held the largest market share, and the UK aircraft battery market was the fastest-growing market in the European region.

The Asia-Pacific aircraft battery market is expected to grow at the fastest CAGR from 2023 to 2032. Due to digitalization improving the aircraft industry's technical outlook and population growth, budget airlines increasingly invest in aircraft batteries. In addition, the rising number of government programs in the region increased the need for airplane batteries. Moreover, China’s aircraft battery market held the largest market share, and the Indian aircraft battery market was the fastest-growing market in the Asia-Pacific region.

Aircraft Battery Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the aircraft battery market grow even more. There are some strategies for action that market participants are implementing to increase their presence around the world's footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the aircraft battery industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturer use in the aircraft battery industry to benefit clients and increase the market sector. In recent years, the aircraft battery industry has offered some of the most significant technological advancements. Major players in the aircraft battery market, including Concorde Battery Corporation (US), Eaglepicher (US), Cella Engery (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), and others, are attempting to increase market demand by investing in research and development operations.

Marvel Aero International has everything you want or need regarding Christie Aircraft Battery Charger/Analyzer Products. Christie offers a variety of Aircraft Battery chargers/Analyzers and Universal Battery Support Systems for use in demanding applications using rechargeable batteries. Since its founding in 1929, Christie has been at the forefront of developing innovative battery charging, analysis, and power supply systems for the aviation industry, earning the company numerous patents and exclusive designations. Marvel Aero offers state-of-the-art data collection software and hardware solutions for improved aircraft battery shop productivity. In April 2022, the NEW CHRISTIE® RF80-M® Aircraft Battery Charger/Analyzer was the most recent model in the acclaimed RF80 series, which has set the standard for aircraft battery chargers and analyzers around the world for decades. The RF80-M's advanced microcontroller and touchscreen display set it apart from similar products.

GS Yuasa is a manufacturer and supplier of automotive and industrial batteries, power distribution systems, switchgear, lighting, and ultraviolet systems. Our logo's curved line and straight edge represent teamwork, forward movement, centrifugal force, a giant leap, and swinging acceleration. Since its inception, by utilizing state-of-the-art technology, the GS Yuasa Group has consistently been among the first to create ground-breaking answers to pressing social issues. Here, we showcase some of the technology that made this product a reality, the incremental improvements we've made via routine work, and the massive leaps forward due to years of research and development. In February 2023, S Yuasa Group company GS Yuasa Technology Ltd. ("GYT") developed and manufactured batteries for the H3 Launch Vehicle (H3 TF1: Test Flight No.1) created by Mitsubishi Heavy Industries, Ltd. (Tokyo Stock Exchange: 7011; "MHI") and the Japan Aerospace Exploration Agency ("JAXA") in preparation for a launch from the Tanegashima Space Center.

Key Companies in the Aircraft Battery market include

  • 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)

Aircraft Battery Industry Developments

September 2022: Saft, a Total Energies subsidiary, developed a novel high-energy density storage system (ESS) tailored for time-shifting applications, which would greatly facilitate the widespread adoption of renewable energy sources with a low carbon footprint.

May 2023: Honda Motor Co., Ltd. (Honda) and GS Yuasa International Ltd. (GS Yuasa), have announced that they have entered a joint venture agreement to form a new business. Details for collaboration on high-capacity, high-output lithium-ion batteries, primarily for EVs, have been discussed by Honda and GS Yuasa, as announced in a press release titled "Honda and GS Yuasa Reach Basic Agreement toward Collaboration for a High-capacity, High-output Lithium-ion Battery" on January 23, 2023.

Aircraft Battery Market Segmentation

Aircraft Battery Type Outlook

  • Lead Acid Battery

  • Lithium-Ion Battery

  • Nickel-Cadmium Battery

  • Others

Aircraft Battery Technology Outlook

  • Traditional Aircraft

  • More Electric Aircraft

  • Hybrid Aircraft

  • Electric Aircraft

Aircraft Battery Aircraft Type Outlook

  • Commercial Aviation

  • Military Aviation

  • Unmanned Aerial Vehicles

Aircraft Battery Application Outlook

  • Propulsion

  • Emergency

  • Auxiliary Power Unit

  • Others

Aircraft Battery Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

Report Attribute/Metric Details
Market Size 2023 USD 0.75 Billion
Market Size 2024 USD 0.806475 Billion
Market Size 2032 USD 1.35 Billion
Compound Annual Growth Rate (CAGR) 6.65% (2024-2032)
Base Year 2023
Market Forecast Period 2024-2032
Historical Data 2019- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Battery Type, Technology, Aircraft Type, Application, and Region
Geographies Covered North America, Europe, Asia Pacific, Aircraft Type, and the Rest of the World
Countries Covered The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Concorde Battery Corporation (US), Eaglepicher (US), Cella Engery (US), Enersys (US), Kokam (South Korea), Marvel Aero International (US), Mid-Continent Instruments and Avionics (US), GS Yuasa (Japan), Teledyne Battery Products (US), and Saft Groupe SA (France)
Key Market Opportunities Chemical and battery technology developments
Key Market Dynamics The rising demand for innovative air mobility systems, The rising use of electric propulsion in airplanes

Frequently Asked Questions (FAQ) :

The aircraft battery market size was valued at USD 0.75  0.806475 Billion in 2024.

The market is projected to grow at a CAGR of 6.65% during the forecast period, 2024-2032.

North America had the largest share of the market.

The key players in the market are Concorde Battery Corporation (US), Eaglepicher (US), Cella Engery (US), Enersys (US), Kokam (South Korea), Marvel Aero International (US), Mid-Continent Instruments and Avionics (US), GS Yuasa (Japan), Teledyne Battery Products (US), and Saft Groupe SA (France).

The commercial aircraft type category dominated the market in 2023.

The propulsion had the largest share of the market.

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