Aircraft Battery Market Size, Share, Analysis, Trends, Growth, Forecasts, 2032

Aircraft Battery Industry Prospective

According to Zion Market Research, the global Aircraft Battery Market was worth USD 413.48 Million in 2023. The market is forecast to reach USD 843.22 Million by 2032, growing at a compound annual growth rate (CAGR) of 8.24% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Aircraft Battery industry over the next decade.

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The report offers a valuation and analysis of the Aircraft Battery market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on value (USD Million).

Aircraft Battery Market: Overview

An aircraft battery is equipment comprising of one cell or many cells and helps in converting chemical energy into electrical energy. Moreover, an aircraft is fitted with a main as well as an auxiliary power unit battery. The device provides power to the electrical system of the airplane. Additionally, the main battery provides power backup to the airplane or jet during a power failure in case of emergencies. It also activates the airplane before the starting of the engine of jet. These main batteries are utilized for refueling the aircraft.

Aircraft Battery Market: Growth Dynamics

Thriving aerospace & aviation sectors are predicted to make major contributions toward the expansion of the aircraft battery market over the forthcoming years. Apart from this, surging demand for unmanned aerial vehicles in commercial & civil aviation sectors will define the growth of the aircraft battery business during the assessment period. The rapid acceptance of new technologies in the aviation sector will boost market trends.

Apparently, escalating acceptance of electric airplane technology in commercial aircraft will boost business growth over the estimated timespan. In addition to this, the massive requirement for longevity as well as high power storage capacity is likely to favorably impact the business growth over the forecast timeline. The shifting trend toward electrical systems is projected to result in a concurrent supply of aircraft batteries embedded with new technologies, thereby fulfilling the massive product demand. This will help in not only maintaining the demand-supply equilibrium but also contributing lucratively towards the market size.

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Aircraft Battery Market: Report Scope

Aircraft Battery Market: Regional Insights

North American Market To Retain Dominant Position Over 2024-2032

The expansion of the market in the sub-continent over the forecast timeline can be ascribed to a rise in air traffic as well as an increase in the number of passengers preferring to travel through aerial routes. The surge in transportation activities through aircraft will unravel new growth avenues for the market in the region over the projected timespan.   

Furthermore, a prominent increase in reputed airline carriers in the region and a substantial upsurge in aircraft fleet due to the growing manufacturing of aircraft for defense & commercial purposes will steer the regional market growth in the near future. Countries like the U.S. and Canada are predicted to be the major regional revenue contributors over the ensuing years.

Aircraft Battery Market: Competitive Space

Key players profiled in the report are

• EnerSys
• Saft
• Gill Batteries
• Concorde Battery
• Sichuan Changhong Battery.

The global aircraft battery market is segmented as follows:

By Offering

• Product
  • Battery
    • Nickel Cadmium Battery
    • Lead Acid Battery
    • Lithium Ion Battery
  • Battery Management System
• Service
  • Maintenance & Overhaul
  • Others

By Application

• Propulsion
• Auxiliary Power Unit (APU)
• Emergency
• Others

By Aircraft Type

• Civil Aviation
  • Commercial Aircraft
  • Business Jets
  • Ultralight Aircraft
  • Commercial Helicopters
• Military Aviation
  • Military Jets
  • Military Helicopters
• UAV

By End User

• OEM
  • By Component
    • Product
    • Service
• Aftermarket
  • By Component
    • Product
    • Service

By Aircraft Technology

• Traditional Aircraft
• More Electric Aircraft
• Hybrid Aircraft
• Electric Aircraft

By Power Density

• Less Than 300 Wh/Kg
• More Than 300 Wh/Kg

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa