Aircraft Battery Market Size (2024 - 2029)

The aircraft battery market is projected to experience significant growth over the forecast period, driven by increasing demand across various sectors, including commercial aviation, general aviation, and military applications. The expansion of the market is fueled by the rising need for advanced energy storage solutions in modern aircraft, particularly with the shift towards more electric architectures. Despite challenges such as operational risks associated with lithium-based batteries and regulatory hurdles, the market is supported by the growing use of unmanned vehicles in civil, commercial, and military sectors. This trend underscores the increasing importance of aircraft batteries in meeting the evolving demands of the aviation industry.

Market Size of Aircraft Battery Industry

Aircraft Battery Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 0.78 Billion
Market Size (2029) USD 1.09 Billion
CAGR (2024 - 2029) 6.91 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Aircraft Battery Market Major Players

*Disclaimer: Major Players sorted in no particular order

Aircraft Battery Market Analysis

The Aircraft Battery Market size is estimated at USD 0.78 billion in 2024, and is expected to reach USD 1.09 billion by 2029, growing at a CAGR of 6.91% during the forecast period (2024-2029).

In a modern aircraft, a battery acts as an inevitable part as it is used for various applications on board aircraft, such as starting auxiliary/standby power unit, engine cranking, canopy opening, emergency power, flight control backup, or a combination of the above. The demand for aircraft batteries in the commercial aviation sector is driven by the rising air passenger, which, in turn, drives airlines to procure new aircraft that use different types of aircraft batteries.

In the general aviation sector, the demand for helicopters and business jets to transport medical supplies, cargo, VIPs, and charter operations experienced a significant rise, supporting the growth of the market. In the military aircraft segment, factors such as increasing geopolitical tensions and aircraft modernization programs by various countries to bolster their security are driving the market demand.

The shift toward more electric architecture, including several electrical systems used in aircraft, requires high energy storage capacity and longevity, which further generates opportunities for advancement and innovation in aircraft batteries. However, factors such as the operational risk from lithium-based batteries, government rules and regulations, risk hazards, and the high initial cost of raw aircraft technologies are expected to hinder the aircraft battery market growth.

Despite this challenge, an increase in demand for unmanned vehicles in the civil and commercial sectors for various applications is also driving market growth. UAVs are also used in the military sectors for surveillance and combat applications. Overall, the growing use of UAVs for military, civil, and commercial applications is expected to accelerate the aircraft battery market growth during the forecast period.

Aircraft Battery Industry Segmentation

A battery is a cell or combination of cells that convert chemical energy into electrical energy. An aircraft system contains two battery systems: the main battery and the auxiliary power unit. The main battery is used during preflight to activate the aircraft's electrical system and auxiliary power unit. The main battery provides backup power in case of emergencies. It is also used to refuel the plane. The batteries used must be reliable, low-weight, durable, and lower in maintenance. Lithium-ion batteries are used in both the main and auxiliary power units.

The aircraft battery market is segmented based on type, aircraft type, supplier, and geography. By type, the market is segmented into lead acid batteries, nickel-cadmium batteries, and lithium-ion batteries. By aircraft type, the market is segmented into civil aviation, military aviation, general aviation, and unmanned aerial vehicles. By supplier, the market is segmented into original equipment manufacturer (OEM) and aftermarket. The report also covers the market sizes and forecasts for the aircraft battery market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).

Type
Lead Acid Battery
Nickel Cadmium Battery
Lithium-ion Battery
Aircraft Type
Civil Aviation
Military Aviation
General Aviation
Unmanned Aerial Vehicles
Supplier
Original Equipment Manufacturer (OEM)
Aftermarket
Geography
North America
United States
Canada
Europe
United Kingdom
France
Germany
Russia
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Australia
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
Saudi Arabia
Egypt
Israel
Rest of Middle East and Africa
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Aircraft Battery Market Size Summary

The aircraft battery market is poised for significant growth, driven by the increasing demand for batteries in various aviation sectors, including commercial, general, and military aviation. The market is experiencing a shift towards more electric aircraft architectures, which require advanced battery technologies with high energy storage capacity and longevity. This transition is fueled by the rising air passenger traffic, prompting airlines to procure new aircraft equipped with modern battery systems. The demand for lithium-ion batteries is particularly strong due to their smaller size, low maintenance requirements, and environmental benefits compared to traditional nickel-cadmium batteries. Major aircraft manufacturers like Airbus and Boeing are incorporating these batteries into their commercial aircraft models, further propelling market expansion.

The Asia-Pacific region is expected to witness the highest growth in the aircraft battery market, driven by robust procurement of commercial aircraft and increased military spending due to geopolitical tensions. Countries in this region are expanding and modernizing their fleets, with a significant focus on single-aisle aircraft and new-generation military aircraft. The general aviation sector is also contributing to market growth, with increased procurement of helicopters and business jets for civil and commercial applications. The market is characterized by fragmentation, with several key players like Concorde Battery Corporation, GS Yuasa Group, and Saft Groupe SAS holding significant shares. These companies are actively developing advanced battery technologies to meet the evolving demands of the aviation industry.

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Aircraft Battery Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Buyers/Consumers

      2. 1.4.2 Bargaining Power of Suppliers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Lead Acid Battery

      2. 2.1.2 Nickel Cadmium Battery

      3. 2.1.3 Lithium-ion Battery

    2. 2.2 Aircraft Type

      1. 2.2.1 Civil Aviation

      2. 2.2.2 Military Aviation

      3. 2.2.3 General Aviation

      4. 2.2.4 Unmanned Aerial Vehicles

    3. 2.3 Supplier

      1. 2.3.1 Original Equipment Manufacturer (OEM)

      2. 2.3.2 Aftermarket

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

      2. 2.4.2 Europe

        1. 2.4.2.1 United Kingdom

        2. 2.4.2.2 France

        3. 2.4.2.3 Germany

        4. 2.4.2.4 Russia

        5. 2.4.2.5 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 India

        2. 2.4.3.2 China

        3. 2.4.3.3 Japan

        4. 2.4.3.4 South Korea

        5. 2.4.3.5 Australia

        6. 2.4.3.6 Rest of Asia-Pacific

      4. 2.4.4 Latin America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Mexico

        3. 2.4.4.3 Rest of Latin America

      5. 2.4.5 Middle East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 Egypt

        3. 2.4.5.3 Israel

        4. 2.4.5.4 Rest of Middle East and Africa

Aircraft Battery Market Size FAQs

The Aircraft Battery Market size is expected to reach USD 0.78 billion in 2024 and grow at a CAGR of 6.91% to reach USD 1.09 billion by 2029.

In 2024, the Aircraft Battery Market size is expected to reach USD 0.78 billion.

Aircraft Battery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)