The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increase in global air travel is likely to stimulate innovation in aircraft battery manufacturing, propelling the market during the forecast period.

The global aircraft batteries market is expected to grow from $0.65 billion in 2022 to $0.70 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The global aircraft batteries market size is expected to reach $0.93 billion in 2027 at a CAGR of 7.5%.

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Global Aircraft Batteries Market Segments Include:

• By Battery Type: NiMH (Nickel Metal Hydride), Nickel Cadmium (NiCd), Lithium – Ion, Other Types
• By Technology: Traditional Aircraft, More Electric Aircraft, Hybrid Aircraft, Fully Electric Aircraft
• By Platform: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles (UAVs), Advanced Air Mobility
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global aircraft batteries market in 2021.

Major Market Players in the aircraft batteries market include TotalEnergies SE, Eagle-Picher Technologies, Teledyne Technologies Inc, HBL Power Systems Ltd, GS Yuasa Corporation, Concorde Battery Corporation, EnerSys, Zavod AIT LLC.

Technological progress is a crucial trend that is gaining pace in the aviation battery industry. To strengthen their market position, major aviation battery firms are focusing on technological advancements and the development of new products. For example, Ampaire, a US-based hybrid-electric aircraft conversion company, chose Electric Power (EP) Systems, a US-based manufacturer of energy storage systems, to provide propulsion battery packs for the Eco Caravan aircraft in September 2022. The Cessna Grand Caravan, which seats nine passengers, has been updated to the hybrid-electric Eco Caravan. EP Systems’ EPiC energy storage system will be used in the Eco Caravan. Among the manned and unmanned aircraft powered by EP Systems’ other battery systems are the Embraer Ipanema, Boeing CAV, NASA X-57, Diamond eDA-40, and Aurora Flight Sciences Pegasus.

The Aircraft Batteries Global Market Report 2023  provides a aircraft batteries market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The aircraft batteries market forecast analyzes aircraft batteries market size, aircraft batteries market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Aircraft batteries are preflight batteries that aid in the start-up of the engines and/or auxiliary power unit, as well as the electrical system. They are utilised to power ground operations and to turn on the APU.

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