Aircraft Battery

Aircraft Battery Market by Technology (Electric Aircraft, Hybrid Aircraft, More Electric Aircraft), Power Density (Less Than 300 Wh/Kg, More Than 300 Wh/Kg), Offering, Aircraft, Application, End User - Global Forecast 2024-2030

SKU
MRR-031BF22F9547
Region
Global
Publication Date
February 2024
Delivery
Immediate
2023
USD 587.20 million
2030
USD 993.92 million
2024
USD 632.50 million
CAGR
7.80%
360iResearch Analyst
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[191 Pages Report] The Aircraft Battery Market size was estimated at USD 587.20 million in 2023 and expected to reach USD 632.50 million in 2024, at a CAGR 7.80% to reach USD 993.92 million by 2030.

Aircraft Battery Market
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An aircraft battery serves as a critical power component within an airplane, responsible for starting the engines, powering onboard electronics prior to the engines being active, and acting as a backup power source in case of system failures. These batteries are created to withstand the rigors of aviation, including extreme temperatures, vibrations, and pressures. The utilization of aircraft batteries is primarily driven by increasing demand for lightweight and high-power batteries, the emergence of more electric aircraft (MEA), advancements in battery technology, and a surging emphasis on improving fuel efficiency and reducing carbon emissions. The industry faces challenges such as stringent regulatory standards, demands for batteries with higher energy densities and longer life, and the need for improved safety measures to prevent issues such as thermal runaway. Additionally, the complex and expensive recycling process of these high-powered batteries remains a concern. Opportunities for aircraft batteries include the potential integration of advanced battery chemistries, including lithium-sulfur and solid-state batteries, and the expansion of electric propulsion systems, which increases the dependency on efficient batteries. Additionally, the growth of the unmanned aerial vehicle (UAV) sector also presents significant opportunities for the deployment of innovative battery solutions.
Aircraft Battery Market - Global Forecast 2024-2030
To learn more about this report, request a free PDF copy
FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Aircraft Battery Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Aircraft Battery Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Aircraft Battery Market, highlighting leading vendors and their innovative profiles. These include AEROLITHIUM, Aircraft Battery Shop LLC, Cella Energy Limited by GX Group Limited, Concorde Battery Corporation, EaglePicher Technologies, Emergency Beacon Corporation, EnerSys, GS Yuasa Corporation, HBL Power Systems Limited, Kokam by SolarEdge Technologies, Inc., MarathonNorco Aerospace, Inc. by Transdigm Group, Inc., Marvel Aero International, Inc., Meggitt PLC by Parker-Hannifin Corporation, Mid-Continent Instrument Co., Inc., Saft Groupe SAS by TotalEnergies SE, Sichuan Changhong Battery Co., Ltd., Sion Power Corporation by LG Chem, Teledyne Technologies Incorporated, Tesla, The Boeing Company, Total Battery Inc., and True Blue Power by Mid-Continent Instrument Co., Inc..

Market Segmentation & Coverage

This research report categorizes the Aircraft Battery Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Technology
    • Electric Aircraft
    • Hybrid Aircraft
    • More Electric Aircraft
    • Traditional Aircraft
  • Power Density
    • Less Than 300 Wh/Kg
    • More Than 300 Wh/Kg
  • Offering
    • Product
      • Battery
      • Battery Management System
    • Services
      • Maintenance
      • Overhaul
  • Aircraft
    • Civil Aviation
      • Business Jets
      • Commercial Aircraft
      • Commercial Helicopter
      • Ultralight Aircraft
    • Military Aviation
      • Military Helicopter
      • Military Jet
    • Unmanned Aerial Vehicle
  • Application
    • Auxiliary Power Unit
    • Emergency
    • Propulsion
  • End User
    • Aftermarket
    • Original Equipment Manufacturer

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Aircraft Battery Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Aircraft Battery Market?
  3. What are the technology trends and regulatory frameworks in the Aircraft Battery Market?
  4. What is the market share of the leading vendors in the Aircraft Battery Market?
  5. Which modes and strategic moves are suitable for entering the Aircraft Battery Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Aircraft Battery Market, by Technology
  7. Aircraft Battery Market, by Power Density
  8. Aircraft Battery Market, by Offering
  9. Aircraft Battery Market, by Aircraft
  10. Aircraft Battery Market, by Application
  11. Aircraft Battery Market, by End User
  12. Americas Aircraft Battery Market
  13. Asia-Pacific Aircraft Battery Market
  14. Europe, Middle East & Africa Aircraft Battery Market
  15. Competitive Landscape
  16. Competitive Portfolio
  17. List of Figures [Total: 28]
  18. List of Tables [Total: 908]
  19. List of Companies Mentioned [Total: 22]
The Rising Demand for Lithium-Ion-Based Aircraft Batteries
January 18, 2024
BLOG
The Rising Demand for Lithium-Ion-Based Aircraft Batteries
Aircraft technology has been evolving rapidly in the past few years. The industry is shifting towards sustainable and electric technologies to address climate change concerns. One of the primary components of electric aircraft is the battery. With the soaring demand for electric airplanes, the market for aircraft batteries is growing exponentially. Lithium-ion-based batteries have emerged as the preferred choice for electric aircraft due to their lightweight and high energy density features. This blog will discuss the rising demand for lithium-ion-based aircraft batteries and their scope in the aviation industry.

The demand for lithium-ion aircraft batteries is driven by the increasing demand for electric aircraft, the need for low power consumption, and the longer lifespan of lithium-ion batteries. The lightweight and high energy density feature of lithium-ion batteries makes them the ideal choice for electric aircraft. They can also operate in harsh conditions and provide high power output, making them suitable for military applications.

The aviation industry has been one of the most severely hit industries due to the pandemic. However, the rising demand for electric aircraft in the post-pandemic era has given a new ray of hope. Electric aircraft are expected to reduce air pollution, fuel consumption, and noise levels. Advancements in battery technology have made electric aircraft a more viable option and increased the demand for aircraft batteries. Lithium-ion-based batteries have a higher energy density than nickel-cadmium batteries, making them the preferred choice for electric aircraft.

The increasing shift toward electric aircraft has created significant opportunities for battery manufacturers. Major aircraft manufacturers are investing heavily in electric aircraft development, and battery manufacturers are vying for a share of the market. Moreover, the market for aircraft battery management systems is also growing as the demand for smart and intelligent battery management systems is increasing. The battery management system monitors and controls the battery's charging and discharging cycles, ensuring optimal performance and safety.

Lithium-ion-based batteries have some inherent risks if not handled properly. In the past, there have been instances of lithium-ion battery explosions and fires. Thus, battery manufacturers are taking steps to increase safety and minimize risks. The demand for safe and reliable batteries has given rise to the development of new battery technologies, such as solid-state batteries and lithium-sulfur batteries. These batteries have higher energy density and are safer than lithium-ion batteries.

The rising demand for electric aircraft has increased the demand for aircraft batteries, and lithium-ion-based batteries have emerged as the preferred choice. The market for aircraft batteries is expected to grow exponentially in the coming years, providing significant opportunities for battery manufacturers. The shift towards electric aircraft has also created a market for battery management systems, which are essential for ensuring safe and optimal battery performance. While lithium-ion-based batteries have some inherent risks, battery manufacturers are developing new battery technologies to minimize the risks and increase safety. The future of aircraft batteries looks promising, and they are expected to play a crucial role in the growth of electric aircraft.

Frequently Asked Questions
  1. How big is the Aircraft Battery Market?
    Ans. The Global Aircraft Battery Market size was estimated at USD 587.20 million in 2023 and expected to reach USD 632.50 million in 2024.
  2. What is the Aircraft Battery Market growth?
    Ans. The Global Aircraft Battery Market to grow USD 993.92 million by 2030, at a CAGR of 7.80%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
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