Global Aircraft Battery Market

Aircraft Battery Market Size, Share, Growth Analysis, By Type(Lithium - based Batteries and Nickel - based Batteries.), By Application(Starting Battery, Emergency Battery and Ground Power Unit Battery.), By Region - Industry Forecast 2024-2031


Report ID: SQMIG20A2109 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 60 |Figures: 75

Aircraft Battery Market Insights

Aircraft Battery Market size was valued at USD 3.3 billion in 2021 and is poised to grow from USD 3.75 billion in 2022 to USD 10.48 billion by 2030, growing at a CAGR of 13.7% in the forecast period (2023-2030).

The global aircraft batteries market has witnessed significant growth in recent years, aircraft batteries play a critical role in providing backup power to various systems, ensuring safety, and enabling essential operations in case of emergencies or power failure. Moreover, the rising number of aircraft deliveries, both commercial and military, has further boosted the demand for advanced and high-performance batteries, fostering market expansion. Manufacturers are investing heavily in research and development to introduce lightweight, high-energy-density, and environmentally friendly battery solutions. Lithium-ion (Li-ion) batteries, in particular, have gained prominence due to their superior energy-to-weight ratio and longer lifespan compared to traditional battery technologies. The shift towards electric and hybrid-electric aircraft has also bolstered the demand for innovative battery systems, supporting the market's upward trajectory. The commercial aviation sector constitutes a significant share of the aircraft batteries market. The steady increase in air passenger traffic, along with the expansion of airline fleets to cater to the rising demand, has led to higher investments in modernizing and upgrading aircraft systems, including batteries. Airlines are increasingly seeking batteries with improved performance and safety features to comply with stringent aviation regulations and to enhance the overall reliability of their operations. Furthermore, the military segment is another vital contributor to the aircraft batteries market. With countries focusing on strengthening their defense capabilities and modernizing their air forces, there is a growing need for advanced military aircraft equipped with cutting-edge battery technologies. These batteries support various applications in military aircraft, such as starting the engines, emergency power backup, and powering avionics and weapon systems, thus bolstering market growth.

US Aircraft Battery Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 3.3 billion

Largest Segment

Lithium - Based Batteries

Fastest Growth

Growth Rate

13.7% CAGR

Global Aircraft Batteries Market ($ Bn)
Country Share for North America Region (%)

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Aircraft Battery Market Segmental Analysis

The Global Aircraft Battery Market is segmented by type, Application, and region. Based on type, the market can be segmented into Lithium - based Batteries and Nickel - based Batteries. Based on application, the market is segmented into Starting Battery, Emergency Battery and Ground Power Unit Battery. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Aircraft Battery Market Analysis by Type

The dominant type in the global aircraft batteries market is Lithium-based Batteries. These batteries have gained significant traction in the aviation industry due to their high energy density, lightweight nature, and ability to deliver consistent power over extended periods. Their superior performance characteristics have made them the preferred choice for various aircraft applications, ranging from small general aviation aircraft to large commercial airliners.

The fastest-growing type in the global aircraft batteries market is Nickel-based Batteries. The market for nickel-based aircraft batteries has been experiencing rapid growth in recent years, primarily driven by advancements in battery technology, increased demand for electric and hybrid-electric aircraft, and efforts by the aviation industry to reduce carbon emissions and improve fuel efficiency. These factors have led to a surge in research and development, resulting in more efficient and reliable nickel-based batteries for aircraft applications.

Aircraft Battery Market Analysis by Application

Among the various applications of aircraft batteries in the global market, the most dominant type is the Ground Power Unit (GPU) Battery. Ground Power Unit batteries play a critical role in supplying power to aircraft systems while on the ground, such as during pre-flight preparations, maintenance, and passenger boarding. Their ability to provide a stable and reliable power source makes them an essential component for airport operations and aircraft handling.

On the other hand, the fastest growing application in the aircraft batteries market is the Emergency Battery. Emergency batteries serve as a backup power source during critical situations, such as power failures or emergencies in flight. These batteries are designed to ensure the continuous operation of essential systems, including communication, navigation, and lighting, which are vital for the safety and well-being of passengers and crew during unforeseen circumstances.

Global Aircraft Batteries Market By Type, 2023 (%)

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Aircraft Battery Market Regional Insights

The global aircraft batteries market exhibits diverse dynamics across different regions. Among the various regions, North America stands out as the most dominant region in the global aircraft batteries market. North America boasts a robust aerospace industry, with major aircraft manufacturers, airlines, and defense entities. The region's strong presence in the aviation sector drives the demand for technologically advanced and reliable aircraft batteries to support various applications, including commercial aviation, military aircraft, and general aviation.

On the other hand, the fastest growing region in the global aircraft batteries market is Asia-Pacific. The Asia-Pacific region has been experiencing rapid economic growth, leading to an increase in air travel and cargo transportation. The expansion of commercial airlines, coupled with the rising defense budgets of several countries in the region, has created a substantial demand for aircraft batteries. Additionally, the emergence of low-cost carriers and the growing trend of fleet modernization have further propelled the adoption of advanced aircraft batteries in the Asia-Pacific market.

Global Aircraft Batteries By Geography, 2024-2031
  • Largest
  • Fastest

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Aircraft Battery Market Dynamics

Aircraft Battery Market Drivers

Shift Towards Electric Aircraft

  • The aerospace industry is exploring the concept of electric and hybrid-electric aircraft to reduce emissions and enhance fuel efficiency. Electric aircraft require cutting-edge battery systems capable of powering electric propulsion systems, thus creating new opportunities for battery manufacturers.

Aircraft Battery Market Restraints

Weight and Space Constraints

  • Aircraft design considerations prioritize weight reduction to improve fuel efficiency and performance. Thus, aircraft batteries need to strike a balance between providing sufficient power and being lightweight to avoid compromising the overall aircraft's performance.

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Aircraft Battery Market Competitive Landscape

Aircraft battery manufacturers are continually engaged in research and development activities to improve battery efficiency, durability, and safety standards. As aviation technology evolves, the demand for advanced battery solutions that can support the power requirements of modern aircraft is increasing. Market players are investing in innovative technologies and materials to develop lightweight yet high-capacity batteries that can enhance the aircraft's overall performance and fuel efficiency.

Aircraft Battery Market Top Player’s Company Profiles

  • Concorde Battery Corporation (US)
  • Saft Groupe S.A. (France)
  • Cella Energy Limited (UK)
  • EnerSys (US)
  • Enersys Energy Products Inc. (US)
  • GS Yuasa Corporation (Japan)
  • Teledyne Technologies Incorporated (US)
  • Sichuan Changhong Battery Co., Ltd. (China)
  • EaglePicher Technologies, LLC (US)
  • MarathonNorco Aerospace, Inc. (US)
  • Axion Power International, Inc. (US)
  • Hawker Pacific Pty Limited (Australia)
  • Arotech Corporation (US)
  • Aero Lithium Batteries LLC (US)
  • Gill Batteries (US)
  • Kokam Co., Ltd. (South Korea)
  • Mid-Continent Instrument Co., Inc. (US)
  • Navitas Systems LLC (US)
  • Electrochem Solutions, Inc. (US)
  • Safran Electrical & Power (France)

Aircraft Battery Market Recent Developments

  • In May 2023, Thales announced that it had developed a new lithium-ion battery for aircraft. The battery is said to be more powerful and safer than previous lithium-ion batteries, and it is being developed for use in a variety of aircraft, including commercial airliners and military aircraft.
  • In April 2023, Airbus and Rolls-Royce announced a partnership to develop electric aircraft. The partnership is focused on developing a new generation of electric aircraft that will be more efficient and environmentally friendly than traditional aircraft.
  • In March 2023, Safran announced that it had developed a new lithium-ion battery for APUs. The battery is said to be more powerful and efficient than previous APU batteries, and it is being developed for use in a variety of aircraft, including commercial airliners and business jets.
  • In February 2023, Boeing announced that it was working on a new electric aircraft. The aircraft is said to be a small, short-range aircraft that will be powered by electric motors.
  • In January 2023, United Airlines announced that it was ordering 100 electric aircraft from Boeing. The aircraft are expected to be delivered in the early 2030s.

Aircraft Battery Key Market Trends

  • Advanced and Lightweight Battery Technologies: As the aviation industry continues to focus on enhancing fuel efficiency and reducing carbon emissions, there is an increasing need for innovative battery solutions that can support the electrification of aircraft systems. Lithium-ion batteries, in particular, have gained significant attention due to their high energy density, longer lifespan, and relatively lower weight compared to traditional lead-acid batteries. The adoption of advanced battery technologies enables aircraft manufacturers to optimize aircraft performance, extend electric flight capabilities, and reduce operational costs. Additionally, advancements in battery management systems and safety features are crucial aspects of this trend, ensuring reliable and safe operation throughout the aircraft's lifecycle. As the industry strives for greener and more sustainable aviation solutions, the pursuit of advanced and lightweight aircraft batteries is expected to remain a prominent market trend in the foreseeable future.

Aircraft Battery Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to the global aircraft batteries market analysis, the increasing demand for reliable and efficient power sources in the aviation industry is a key driver for market growth. Aircraft batteries play a crucial role in providing electrical power for various aircraft systems, including starting the engines, supplying power during ground operations, and acting as a backup power source during emergencies. The growing focus on safety and performance optimization in the aviation sector is fueling the demand for advanced and high-quality aircraft batteries. The market is also influenced by factors such as the increasing number of commercial and military aircraft, the rise in air passenger traffic, and the expansion of aviation fleets worldwide.

As airlines and aircraft operators strive for improved operational efficiency and environmental sustainability, the demand for modern and energy-efficient aircraft batteries continues to grow. In terms of regional analysis, North America holds a significant market share in the aircraft batteries market, primarily driven by the presence of prominent aerospace and defense industries, as well as ongoing technological advancements. Europe is also a prominent region, with a strong emphasis on aircraft safety and the adoption of advanced battery technologies. Furthermore, the Asia Pacific region is witnessing rapid growth in the aircraft batteries market, supported by the growing aviation sector, increasing air travel, and the expansion of airline fleets.

Report Metric Details
Market size value in 2023 USD 3.3 billion
Market size value in 2031 USD 10.48 billion
Growth Rate 13.7%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Lithium - based Batteries and Nickel - based Batteries.
  • Application
    • Starting Battery, Emergency Battery and Ground Power Unit Battery.
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Concorde Battery Corporation (US)
  • Saft Groupe S.A. (France)
  • Cella Energy Limited (UK)
  • EnerSys (US)
  • Enersys Energy Products Inc. (US)
  • GS Yuasa Corporation (Japan)
  • Teledyne Technologies Incorporated (US)
  • Sichuan Changhong Battery Co., Ltd. (China)
  • EaglePicher Technologies, LLC (US)
  • MarathonNorco Aerospace, Inc. (US)
  • Axion Power International, Inc. (US)
  • Hawker Pacific Pty Limited (Australia)
  • Arotech Corporation (US)
  • Aero Lithium Batteries LLC (US)
  • Gill Batteries (US)
  • Kokam Co., Ltd. (South Korea)
  • Mid-Continent Instrument Co., Inc. (US)
  • Navitas Systems LLC (US)
  • Electrochem Solutions, Inc. (US)
  • Safran Electrical & Power (France)
Customization scope

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  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Aircraft Battery Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Aircraft Battery Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Aircraft Battery Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aircraft Battery Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aircraft Battery Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Aircraft Battery Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Aircraft Battery Market size was valued at USD 3.3 billion in 2021 and is poised to grow from USD 3.75 billion in 2022 to USD 10.48 billion by 2030, growing at a CAGR of 13.7% in the forecast period (2023-2030).

Aircraft battery manufacturers are continually engaged in research and development activities to improve battery efficiency, durability, and safety standards. As aviation technology evolves, the demand for advanced battery solutions that can support the power requirements of modern aircraft is increasing. Market players are investing in innovative technologies and materials to develop lightweight yet high-capacity batteries that can enhance the aircraft's overall performance and fuel efficiency. 'Concorde Battery Corporation (US)', 'Saft Groupe S.A. (France)', 'Cella Energy Limited (UK)', 'EnerSys (US)', 'Enersys Energy Products Inc. (US)', 'GS Yuasa Corporation (Japan)', 'Teledyne Technologies Incorporated (US)', 'Sichuan Changhong Battery Co., Ltd. (China)', 'EaglePicher Technologies, LLC (US)', 'MarathonNorco Aerospace, Inc. (US)', 'Axion Power International, Inc. (US)', 'Hawker Pacific Pty Limited (Australia)', 'Arotech Corporation (US)', 'Aero Lithium Batteries LLC (US)', 'Gill Batteries (US)', 'Kokam Co., Ltd. (South Korea)', 'Mid-Continent Instrument Co., Inc. (US)', 'Navitas Systems LLC (US)', 'Electrochem Solutions, Inc. (US)', 'Safran Electrical & Power (France)'

The aerospace industry is exploring the concept of electric and hybrid-electric aircraft to reduce emissions and enhance fuel efficiency. Electric aircraft require cutting-edge battery systems capable of powering electric propulsion systems, thus creating new opportunities for battery manufacturers.

Advanced and Lightweight Battery Technologies: As the aviation industry continues to focus on enhancing fuel efficiency and reducing carbon emissions, there is an increasing need for innovative battery solutions that can support the electrification of aircraft systems. Lithium-ion batteries, in particular, have gained significant attention due to their high energy density, longer lifespan, and relatively lower weight compared to traditional lead-acid batteries. The adoption of advanced battery technologies enables aircraft manufacturers to optimize aircraft performance, extend electric flight capabilities, and reduce operational costs. Additionally, advancements in battery management systems and safety features are crucial aspects of this trend, ensuring reliable and safe operation throughout the aircraft's lifecycle. As the industry strives for greener and more sustainable aviation solutions, the pursuit of advanced and lightweight aircraft batteries is expected to remain a prominent market trend in the foreseeable future.

The aircraft batteries market exhibits diverse dynamics across different regions. Among the various regions, North America stands out as the most dominant region in the aircraft batteries market. North America boasts a robust aerospace industry, with major aircraft manufacturers, airlines, and defense entities. The region's strong presence in the aviation sector drives the demand for technologically advanced and reliable aircraft batteries to support various applications, including commercial aviation, military aircraft, and general aviation.

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