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Aircraft Battery Market

Aircraft Battery Market Size, Share & Trends Analysis Report

Aircraft Battery Market Size, Share & Trends Analysis Report By Battery Type (Lead Battery, Lithium-Ion Battery, Nickel Cadmium Battery) By Power Density (Less Than 300 Wh/Kg, More Than 300 Wh/Kg) By Aircraft Type (Commercial Aircraft, Military Aircraft, Unmanned Aerial Vehicle (UAV) Aircraft) By Aircraft Technology (Traditional, Hybrid, Electric) Based On Region, And Segment Forecasts, 2022 - 2028

Published
Report ID : BMRC 2009
Number of pages : 300
Published Date : Nov 2022
Category : Battery
Delivery Timeline : 48 hrs

The Aircraft Battery Market is valued at USD 610.4 Million in 2021 and is expected to reach USD 1012.7 Million by 2028 with a CAGR of 7.5% over the forecast.

Global Aircraft Battery Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2028: The growing demand for air transport and defense aircraft is driving the need for aircraft, which in turn fosters the growth of the Global Aircraft Battery Market. ­­­

Scope of Global Aircraft Battery Market-

A battery is a device with one or more cells that convert chemical energy into electrical energy. The aircraft has the main battery and an auxiliary power unit (APU) battery. The main battery activates the aircraft before the aircraft engine starts. The main batteries are also used to refuel the aircraft. The primary battery provides backup power to the aircraft in case of emergency power failure. Aircraft batteries help out power the aircraft's electrical system. When the APU or engine starts, they run an aircraft generator that powers the aircraft's electrical system and recharges the aircraft's battery. The APU also acts as a redundancy in case of emergency power failure. Lithium-ion batteries are used in principal and APU batteries. These batteries are made up of eight cells that make up ~ 32-V DC. Lithium-ion batteries have redundancies that help the aircraft to fly if the battery is at Fault.

The Covid-19 pandemic has had a negative impact on the global aircraft battery market. Moreover, consumer demand has also declined since then as people are now more eager to remove unnecessary expenses from their respective budgets as the outbreak has seriously affected the general financial condition of most consumers. The above factors are expected to weigh on the forecast timeline of the earnings path of the global aircraft battery market. However, after lifting the lockdown imposed by the concerned authorities, the global aircraft battery market is recovering very fast.

Global Aircraft Battery Market Segmentation:-

The global aircraft battery market is segmented based on battery type, power density, aircraft type, aircraft technology, and geography. Based on battery type, the market is segmented into lead batteries, lithium-ion batteries, and nickel-cadmium batteries. Based on power density, the market is segmented into less than 300 Wh/Kg and more than 300 Wh/Kg. Based on aircraft type, the market is segmented into commercial aircraft, military aircraft, and unmanned aerial vehicle (UAV) aircraft. Based on aircraft technology, the market is segmented into traditional, hybrid, and electric.

By Battery Type:

  • Lead Battery
  • Lithium-Ion Battery
  • Nickel Cadmium Battery

By Power Density:

  • Less than 300 Wh/Kg
  • More than 300 Wh/Kg

By Aircraft Type:

  • Commercial Aircraft
  • Military Aircraft
  • Unmanned Aerial Vehicle (UAV) Aircraft

By Aircraft Technology:

  • Traditional
  • Hybrid
  • Electric

Aircraft Battery Manufacturers

The key players operating in the global aircraft battery market are

  • Saft
  • Total EnerSys.
  • Concorde Battery Corporation
  • Sion Power Corporation
  • Tesla
  • Kokam
  • The Boeing Company
  • HBL Power Systems Ltd.
  • Teledyne Technologies Incorporated
  • others.

Recent Developments

News- Saft Batteries Power Embraer Midsize Business Jets

On October 19th, 2021; Saft announced that Embraer has selected its Ultra-Low Maintenance (ULM) batteries as the original equipment for the Praetor 500 and 600 fleets. The agreement also includes batteries as aftermarket equipment for the Praetor 500, Praetor 600, Legacy 450, and Legacy 500 aircraft models.

Lilium Announced New Partnership to Manufacture Batteries for its eVTOL Aircraft

In July 28th, 2021; the German company Lilium announced a new partnership with battery manufacturer CUSTOMCELLS to provide batteries for Lilium's 7-seater jets. He had planned to use Lilium's licensed technology to make lithium-ion batteries for CUSTOMCELLS jets.

Global Aircraft Battery Market Dynamics-

The growing demand for air transport and defense aircraft, which in turn is driving the need for aircraft, and also supplementing the demand for aircraft batteries. The choice of air transport for a particular product defines two main factors: the value of the goods and the speed at which they are to be transported. Urgent materials such as radiopharmaceuticals for medical diagnosis or treatment or high-value items such as technical products and high-value items are usually shipped by air cargo. Air transport is also ideal for some foods such as fresh fish, exotic fruits, and cut flowers. New regulations have been enacted for proper handling of time and temperature-sensitive shipments due to increasing demand for transportation of pharmaceutical and healthcare products. According to the BrandEssence market survey, approximately 328 billion letters and 7.4 billion postal parcels are sent each year, and Air Mail plays a key role in their delivery. This has led to a huge increase in the demand for airplanes and as a result, the demand for aircraft has also increased over time.

Additionally, increased investment from many countries for fighter jets or the purchase of fighter jets for national security is also giving a big boost to the aircraft battery market. On June 2nd, 2022; an Indian military official announced that the Indian Air Force (IAF) plans to build about 100 advanced fighter jets in India to boost the Make in India initiative, for which it has begun negotiations with global aircraft. On February 25th, 2022, the UAE announced that it had purchased dozens of advanced Chinese jet trainers. As of February 15th, 2022; the Indian Air Force (IAF) is in the process of acquiring 114 multi-role aircraft, a project costing about Rs 1.3 trillion and is expected to take at least a decade to complete before the first fighter jets are built. Chinese airlines will buy more than 7,000 aircraft worth 1 1.1 trillion over the next 20 years as they expand their fleet to meet strong demand for domestic and international travel. Given the importance of national security, many such countries are currently investing heavily in it. Thus, the growing demand for aircraft is having a positive effect on the aircraft battery market as well.

However, the initial cost of raw aircraft technology aircraft, risks, government regulations and laws, and operational challenges with lithium-based batteries may hinder the growth of the global aircraft battery market. In spite of that, growing adoption of electrical technology in aircraft electrical systems is also good for the aircraft battery industry. Aircraft require longevity and high energy storage capacity, which may create more opportunities for further progress in the global aircraft battery market.

Global Aircraft Battery Market Regional Analysis-

Geographically, North America is expected to dominate the global aircraft battery market. The growth of the market in this region can be attributed mainly to the increasing demand for air transport, which in turn increases the demand for aircraft and supplements the demand for aircraft batteries. According to BrandEssence Market Research Survey, every day, FAA's Air Traffic Organization (ATO) provides service to more than 45,000 flights and 2.9 million airline passengers across more than 29 million square miles of airspace. daily average of 45,000 flights handled by the FAA (Federal Aviation Administration). The number of passengers carried through air transport was 1.03 billion in the year 2019. These statistics show that the number of commercial and passenger flights in the United States has increased in big diced, thus factors boosting the manufacturing of new aircraft, and boosting the growth of aircraft batteries. Also increasing government investment in defense aircraft literature is also fostering the market growth in this region.

Due to the growing aviation industry in emerging economies such as China and India, Asia-Pacific currently is expected to witness the fastest growth in the global aircraft battery market. As of January 2020, Asia-Pacific accounts for approximately 40% of the total airbus distribution worldwide. More than 3,400 aircraft were in service across the region, with about 100 airlines, and Asia-Pacific customers had approximately 2,100 aircraft on order for future delivery. The company delivered about 367 new aircraft to 50 operators across the region in 2017. Also, with a significant increase in the military spending of countries to strengthen their military capabilities, and increasing the purchase of military aircraft, the aircraft battery market is expected to support the growth of this sector. According to Airbus, the Asia-Pacific region will need more than 17,600 new aircraft by 2040. Over the next 20 years, the Asia-Pacific region will need 17,620 new passenger and cargo planes due to the rapid growth of passenger transport by 5.3% per annum and the rapid retirement of old low-fuel-efficient aircraft. About 30% of these will replace older low-fuel-efficient models. As a result, demand for aircraft batteries will increase significantly in the coming Asia Pacific.

On Special Requirement aircraft battery market Report is also available for the below Regions and Countries:

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Sweden
  • Netherland
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
  • Japan
  • China
  • India
  • Australia
  • Philippines
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Rest Of APAC

Latin America

  • Mexico
  • Colombia
  • Brazil
  • Argentina
  • Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest Of MEA
Report Analysis Details
Historical data 2018 - 2021
Forecast Period 2021 - 2028
Market Size in 2021: USD 610.4 Million 
Base year considered 2020
Forecast Period CAGR %:

7.5% 

Market Size Expected in 2028: USD 1012.7 Million 
Tables, Charts & Figures: 175
Pages 200
Aircraft Battery Manufacturers Saft, Total EnerSys., Concorde Battery Corporation, Sion Power Corporation, Tesla, Kokam, The Boeing Company, HBL Power Systems Ltd., Teledyne Technologies Incorporated and others.
Segments Covered By Battery Type, By Power Density, By Aircraft Type, By Aircraft Technology
Regional Analysis North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

 

Key Benefits Global Aircraft Battery Market:-

  • Global aircraft battery Market report covers in-depth historical and forecasts analysis.
  • Global aircraft battery research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, and Regional and Country levels.
  • Global aircraft battery Market report helps to identify opportunities in the marketplace.
  • The global aircraft battery Market report covers extensive analysis of emerging trends and the competitive landscape.
SUMMARY
VishalSawant
Vishal Sawant
Business Development
vishal@brandessenceresearch.com
+91 8830 254 358
Segmentation
Segments

By Battery Type:

  • Lead Battery
  • Lithium-Ion Battery
  • Nickel Cadmium Battery

By Power Density:

  • Less than 300 Wh/Kg
  • More than 300 Wh/Kg

By Aircraft Type:

  • Commercial Aircraft
  • Military Aircraft
  • Unmanned Aerial Vehicle (UAV) Aircraft

By Aircraft Technology:

  • Traditional
  • Hybrid
  • Electric
Country
Regions and Country

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Sweden
  • Netherlands
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
  • Japan
  • China
  • India
  • Australia
  • Philippines
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Rest of APAC

Latin America

  • Mexico
  • Colombia
  • Brazil
  • Argentina
  • Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of MEA
Company
Key Players
  • Saft
  • Total EnerSys.
  • Concorde Battery Corporation
  • Sion Power Corporation
  • Tesla
  • Kokam
  • The Boeing Company
  • HBL Power Systems Ltd.
  • Teledyne Technologies Incorporated
  • others.

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