Aircraft Battery Market by Offering (Product, Service), Aircraft Type (Fixed-wing, Rotary-wing, UAV, AAM), Aircraft Technology, End User (OEM, Aftermarket), Application, Power Density, Battery Capacity and Region - Global Forecast to 2027
Update: 11/22/2024
The Global Aircraft Battery Market Size was valued at USD 381 million in 2022 and is estimated to reach USD 723 million by 2027, growing at a CAGR of 13.7% during the forecast period. The growth of the Aircraft Battery Industry can be attributed to several factors, such as the need for adopting more electrical solutions to ensure sustainable operations of aircraft systems and safety of the aircraft.
Aircraft batteries are a device with one or more cells that transform chemical energy into electrical energy. Aircraft batteries are crucial for performing the critical functions of starting the Auxiliary Power Unit and/or engines as well as to power up the electrical system during preflight. As soon as they're running, the APU or engine(s) power generators, supply electricity to the electrical circuits and recharge the batteries. Battery power is accessible as a backup supply in the case that all generators fail or need to be isolated, while they normally provide all the typical electrical power when they're running.
Prominent aircraft battery technologies include Lithium-ion, Nickel-Cadmium and Lead-Acid batteries to name a few. Lightweight, High-energy density, portable and low maintenance cost are some of the key criterions that battery manufacturers aim to achieve in order to develop aircraft batteries and related products. These batteries are required to be effective across a broad of environmental conditions, while always ensuring highest level of safety
Aircraft Battery Market Forecast to 2027
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Aircraft Battery Market Dynamics:
Driver: Increasing electrification of aircraft
Global warming and market competition in the aircraft industry have forced the sector to consider economic and environmental factors. As a result, there are now more electric aircraft on the market. The increase in the power requirement of aircraft, notably in the last two decades, along with improvement in battery materials and technology has led to the development of various high energy density batteries. The aircraft industry has made significant and generally recognized contributions to a sustainable environment. The Advisory Council for Aviation Research and Innovation in Europe (ACARE) has declared that cleaner and quieter aircraft should be available by the year 2020. According to Air Transport Action Group (ATAG), global flights produced around 915 million tons of carbon dioxide in 2019. The global aviation industry produces around 2% of all the CO2 emissions induced by humans. These figures are anticipated to increase even further with an increase in the size of the global aircraft fleet and air travel. Electric aircraft are therefore urgently needed in order to lessen the aviation sector's carbon footprint. The International Civil Aviation Organization, the Federal Aviation Administration, and the European Union Aviation Safety Agency, among others, have called for sustainable alternatives to aviation fuel because they predict that by 2050, the volume of emissions produced by aircraft will have increased threefold.
Since electric engines do not have noises associated with jet or combustion engines, they result in no aircraft noise levels. In an electric aircraft, manufacturers aim to improve efficiency by replacing hydraulically controlled systems with electric systems. A more electric aircraft (MEA), which replaces conventional devices with electrical systems, has been created as a result of increased emphasis on adopting technology that can affect both overall cost and fuel usage. The creation and use of MEA will contribute to reduced fuel consumption, emissions, and aircraft noise to name a few.
Manufacturers are also aiming at battery systems that are lightweight in nature in order to reduce the fuel burned during the flight operations. The modern requirement of aircraft batteries aims at achieving a product that has high energy-to-weight as well as high energy-to-density ratio while ensuring maximum safety over the service life.
Electric aircraft manufacturers such as Airbus, Eviation, Zunum Aero, and Pipistrel identify the need for cleaner aircraft as a major opportunity in the near future. Thus, the need for sustainable air travel is a major factor driving the electric aircraft market.
Opportunity: Advancements in chemicals and battery technologies
With the innovation in materials used in battery components, battery manufacturers have been able to come up with multiple battery solutions that can cater to a wide variety of aircrafts as per their operational requirements. Prominent chemical advancements include Lithium ion, Lithium Oxyhalide, Lithium/fluorinated carbon battery, Silver Zinc, Silver Aluminum, Nickel Metal Hydride, Nickel Cadmium, Lead Acid etc. that are extensively used for a wide variety of applications with enhanced energy density and reduction in weight. These chemical advancements facilitate the development of high energy-to-weight ratio batteries that can meet the demands of futuristic aviation solutions in the form of AAMs, UAVs and eVTOLs.
Similarly, with research and development being done for different ratios of mixtures of solvents and electrolytes, battery manufacturers are coming up with solutions that have enhanced conductivity and low resistance properties that increase the operational efficiency of the battery
Challenge: Frequent Replacement Requirements
An aircraft battery can function well at low temperatures and a rapid rate of discharge. A prolonged high rate of discharge, however, frequently warps the cell plates and shorts out the battery. Some of the reasons why batteries need to be replaced frequently include the length of the service interval (in the case of vented batteries), environmental variables (such as extreme heat or cold), and electrolyte leakage. If the battery needs to be recharged frequently but there is no sign of an exterior leak, the battery, the battery charging mechanism, or an overcharge condition may need repair. Due to the criticality associated with battery-related possible hazards, it is crucial that batteries be frequently replaced to always ensure maximum safety of the flight and the aircraft. Manufacturers are developing battery systems with monitoring systems to keep a check on the battery parameters and detect any slight changes in temperature, composition, or abnormalities. Focus is also being laid upon battery systems that require low levels of maintenance and have an enhanced service life.
The OEM segment is estimated to lead the aircraft battery market in 2022
Based on End Use, the OEM segment of the aircraft battery market is accounted for the largest growth during the forecast period. Increasing demand for different aircraft across the commercial and defense sector is one of the main reasons for drive in battery market growth. Increasing developments in AAM and UAV platforms are also expected to drive the demand of the battery market in the forecast period.
The Hybrid electric aircraft segment to witness largest growth in the forecast period
Based on aircraft technology, hybrid electric aircraft technology segment is witnessing highest growth in the forecast period. Hybrid electric technology is expecting fast adoption as hybrid electric technology promises larger range and MTOW capacity compared to fully electric aircraft. Hybrid electric aircraft also promises much less emissions and noise compared to traditional aircraft.
North American region is expected to have the highest market share during the forecast period
North American region constitutes the largest aircraft battery manufacturers among all the regions. North America region also invests heavily in research and development of advanced battery technologies required for current aircraft technologies as well as future technologies.
Aircraft Battery Market by Region
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Key Market Players
Major players operating in the Aircraft Battery Companies include EnerSys (US), Concorde Batteries (US), Saft (France), Teledyne Battery Products (US), and EaglePicher Technologies (US) among others. These key players offer aircraft battery and services to different key stakeholders.
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Scope of the Report
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Report Metric |
Details |
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Growth Rate
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13.7% |
| Estimated Market Size in 2022 |
USD 381 Million |
| Projected Market Size in 2027 |
USD 723 Million |
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Market size available for years |
2018-2027 |
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Base year considered |
2021 |
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Forecast period |
2022-2027 |
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Forecast units |
Value (USD) |
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Segments covered |
Offering, Application, Aircraft Type, End Use, Aircraft technology, Power Density, Battery Capacity and Region |
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Geographies covered |
North America, Europe, Asia Pacific, the Middle East, Latin America and Africa. |
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Companies covered |
EnerSys (US), Concorde Batteries (US), Saft (France), Teledyne Battery Products (US), and EaglePicher Technologies (US) among others. |
Aircraft Battery Market Highlights:
This research report categorizes the aircraft battery market into Offering, Application, Aircraft Type, End Use, Aircraft technology, Power Density, Battery Capacity and Region
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Aspect |
Details |
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By End Use |
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By Offering |
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By Aircraft Type |
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By Application |
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By Aircraft Technology |
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By Power Density |
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By Battery Capacity |
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Regions |
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Recent Developments
- In September 2022, Ampaire, a leader in electric aviation, has selected Electric Power Systems (EP Systems) under an exclusive agreement to supply the propulsion battery pack for its hybrid-electric upgrade of the Cessna Grand Caravan. It is the first hybrid-electric aircraft to enter the certification process with the FAA. Supplemental type certification for the upgraded aircraft is expected in 2024.
- In July 2022, Vertical Aerospace, a global aerospace and technology company that is pioneering zero-emissions aviation announced a strategic partnership with Molicel to supply high-power cylindrical cells for Vertical's VX4 eVTOL aircraft.
Frequently Asked Questions (FAQ’s)
What is the current size of the aircraft battery market?
The Aircraft Battery Market is projected to grow from USD 381 million in 2022 to USD 723 million by 2027, at a CAGR of 13.7% during the forecast period.
Who are the winners and small enterprises in the aircraft battery market?
Major players operating in the aircraft battery market include EnerSys (US), Concorde Batteries (US), Saft (France), Teledyne Battery Products (US), and EaglePicher Technologies (US) among others. These key players offer aircraft battery and services to different key stakeholders.
What are some of the technological advancements in the market?
Aircraft battery manufacturers are constantly working on developing even more superior lithium-ion aircraft batteries in terms of performance, safety, and efficiency. For instance, lithium-sulfur batteries, which are incredibly light, with most recent models attaining an energy density that is more than double that of lithium-ion batteries, are making their mark in the aircraft battery industry. The power and durability needed for aircraft operations are provided by lithium-sulfur batteries at a lower price, and most importantly, they are safe enough. Additionally, these batteries have the strength and durability required for aircraft because of their energy density.
For high-energy, low-rate purposes where minimizing weight is essential, lithium/fluorinated carbon (Li/CFx) cells are excellent. A lithium-ion battery has graphite, which has carbon as one of the host materials on one side, and some type of transition metal oxide, such as cobalt, nickel, or iron, which stores and hosts the lithium on the other side. These hefty elements are on both sides of the battery, thereby increasing the weight of the battery. However, in Li/CFx batteries, the main distinction is the elimination of the transition metal by carbon and fluorine, which serve as hosts for lithium and reduce the overall weight of the battery. For use in portable power and aviation applications, CFx-MnO2 hybrid pouch cells are available in a variety of prismatic form factors that improve specific energy and volumetric energy density compared to cylindrically based battery packs and offer the best packaging efficiency at the battery level. In comparison to Li-SO2, high-energy CFx-MnO2 hybrid technology has two times the specific energy.
What are the factors driving the growth of the market?
Global warming and market competition in the aircraft industry have forced the sector to consider economic and environmental factors. As a result, there are now more electric aircraft on the market. The increase in the power requirement of aircraft, notably in the last two decades, along with improvement in battery materials and technology has led to the development of various high energy density batteries.
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 35)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 AIRCRAFT BATTERY MARKET SEGMENTATION
1.3.2 REGIONAL SCOPE
1.3.3 YEARS CONSIDERED
1.4 INCLUSIONS AND EXCLUSIONS
TABLE 1 INCLUSIONS AND EXCLUSIONS IN AIRCRAFT BATTERY MARKET
1.5 CURRENCY & PRICING
1.5.1 USD EXCHANGE RATES
1.6 LIMITATIONS
1.7 MARKET STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 40)
2.1 RESEARCH DATA
FIGURE 2 RESEARCH PROCESS FLOW
FIGURE 3 AIRCRAFT BATTERY MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
TABLE 2 KEY PRIMARY SOURCES
2.2 DEMAND- & SUPPLY-SIDE ANALYSIS
2.2.1 INTRODUCTION
2.2.2 DEMAND-SIDE INDICATORS
2.2.2.1 Growing trend of more electric technology
2.2.2.2 Increasing demand for new commercial aircraft
2.2.3 SUPPLY-SIDE INDICATORS
2.2.3.1 Environmental and social pressure from governments to create disruptions in battery supply chains
2.3 MARKET SIZE ESTIMATION
TABLE 3 AIRCRAFT BATTERY MARKET: SEGMENTS AND SUBSEGMENTS
2.4 RESEARCH APPROACH & METHODOLOGY
2.4.1 BOTTOM-UP APPROACH
TABLE 4 AIRCRAFT BATTERY MARKET: BOTTOM-UP APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.4.2 TOP-DOWN APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.5 MARKET BREAKDOWN & DATA TRIANGULATION
FIGURE 6 DATA TRIANGULATION
2.6 GROWTH RATE ASSUMPTIONS
2.7 STUDY ASSUMPTIONS
2.8 RISKS
3 EXECUTIVE SUMMARY (Page No. - 50)
FIGURE 7 PROPULSION SEGMENT TO HOLD LARGEST MARKET SHARE IN 2022
FIGURE 8 PRODUCT OFFERING SEGMENT TO DOMINATE IN 2022
FIGURE 9 AIRCRAFT BATTERY MARKET IN NORTH AMERICA TO REGISTER LARGEST MARKET SHARE IN 2022
4 PREMIUM INSIGHTS (Page No. - 53)
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN AIRCRAFT BATTERY MARKET
FIGURE 10 INCREASING ELECTRICAL LOAD IN AIRCRAFT TO DRIVE MARKET FROM 2022 TO 2027
4.2 AIRCRAFT BATTERY MARKET, BY END USER
FIGURE 11 OEM SEGMENT PROJECT TO LEAD MARKET FROM 2022 TO 2027
4.3 AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE
FIGURE 12 FIXED-WING SEGMENT PROJECTED TO DOMINATE MARKET FROM 2022 TO 2027
4.4 AIRCRAFT BATTERY MARKET, BY COUNTRY
FIGURE 13 AIRCRAFT BATTERY MARKET IN JAPAN PROJECTED TO REGISTER HIGHEST CAGR FROM 2022 TO 2027
5 MARKET OVERVIEW (Page No. - 55)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 14 AIRCRAFT BATTERY MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing electrification of aircraft
5.2.1.2 Rising demand for advanced air mobility solutions
5.2.1.3 Increasing deliveries of commercial and military aircraft worldwide
TABLE 5 REGIONAL OUTLOOK OF AIR TRAFFIC GROWTH, FLEET GROWTH, AND AIRCRAFT DELIVERIES
5.2.2 RESTRAINTS
5.2.2.1 Stringent aviation regulations impacting supply chain of aircraft batteries
5.2.3 OPPORTUNITIES
5.2.3.1 Advancements in chemicals and battery technologies
5.2.3.2 Reduction in battery weight
5.2.3.3 Reduction in maintenance and overall ownership cost of aircraft batteries
5.2.4 CHALLENGES
5.2.4.1 Frequent replacement requirement
5.2.4.2 Thermal heat discharge
5.2.4.3 Safeguarding batteries against probable operational failures
5.3 OPERATIONAL DATA
TABLE 6 AIRCRAFT BATTERY MARKET: COMPANY-WISE AVERAGE BATTERY DELIVERY (2021)
5.4 VOLUME DATA
TABLE 7 AIRCRAFT BATTERY MARKET: ANNUAL BATTERY VOLUME, BY AIRCRAFT TYPE
5.5 PRICING ANALYSIS
TABLE 8 AVERAGE SELLING PRICE RANGE: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE (USD)
FIGURE 15 AIRCRAFT BATTERY PRICING ANALYSIS, BY AIRCRAFT TYPE (USD)
5.5.1 AVERAGE SELLING PRICE TREND
5.6 VALUE CHAIN
FIGURE 16 VALUE CHAIN ANALYSIS
5.7 AIRCRAFT BATTERY MARKET ECOSYSTEM
5.7.1 PROMINENT COMPANIES
5.7.2 PRIVATE AND SMALL ENTERPRISES
5.7.3 END USERS
TABLE 9 AIRCRAFT BATTERY MARKET ECOSYSTEM
5.8 TRADE DATA STATISTICS
TABLE 10 AIRCRAFT BATTERIES: TRADE DATA
5.9 TECHNOLOGY TRENDS IN AIRCRAFT BATTERY MARKET
5.9.1 HIGH ENERGY DENSITY ELECTROCHEMICAL STORAGE FOR LARGE AIRCRAFT
5.9.2 REDUCED CHARGING TIME OF AIRCRAFT BATTERIES
5.9.3 SOLID-STATE AIRCRAFT BATTERIES
5.10 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.10.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR AIRCRAFT BATTERY PRODUCT AND SOLUTION MANUFACTURERS
FIGURE 17 REVENUE SHIFT IN AIRCRAFT BATTERY MARKET
5.11 PORTER'S FIVE FORCES ANALYSIS
TABLE 11 AIRCRAFT BATTERY MARKET: PORTER'S FIVE FORCES ANALYSIS
FIGURE 18 AIRCRAFT BATTERY MARKET: PORTER'S FIVE FORCES ANALYSIS
5.11.1 THREAT OF NEW ENTRANTS
5.11.2 THREAT OF SUBSTITUTES
5.11.3 BARGAINING POWER OF SUPPLIERS
5.11.4 BARGAINING POWER OF BUYERS
5.11.5 INTENSITY OF COMPETITIVE RIVALRY
5.12 KEY STAKEHOLDERS AND BUYING CRITERIA
5.12.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 19 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF AIRCRAFT BATTERY PRODUCTS AND SYSTEMS
TABLE 12 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF AIRCRAFT BATTERY PRODUCTS AND SYSTEMS (%)
5.12.2 BUYING CRITERIA
FIGURE 20 KEY BUYING CRITERIA FOR AIRCRAFT BATTERY PRODUCTS AND SYSTEMS
TABLE 13 KEY BUYING CRITERIA FOR AIRCRAFT BATTERY PRODUCTS AND SYSTEMS
5.13 KEY CONFERENCES AND EVENTS IN 2022-2023
TABLE 14 AIRCRAFT BATTERY MARKET: CONFERENCES AND EVENTS, 2022–2023
5.14 TARIFF AND REGULATORY LANDSCAPE FOR AEROSPACE INDUSTRY
TABLE 15 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 16 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 17 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 18 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6 INDUSTRY TRENDS (Page No. - 77)
6.1 INTRODUCTION
6.2 TECHNOLOGICAL ADVANCEMENTS IN AIRCRAFT BATTERIES
6.2.1 ADVANCED CHEMISTRIES FOR IMPROVED BATTERY PERFORMANCE
6.2.2 BLOCKCHAIN
6.2.3 ROBOTICS
6.3 EMERGING TRENDS IN AIRCRAFT BATTERY MANUFACTURING
6.3.1 3D PRINTING
6.3.2 BIG DATA
6.3.3 PREDICTIVE MAINTENANCE
6.4 SUPPLY CHAIN ANALYSIS
FIGURE 21 SUPPLY CHAIN ANALYSIS
6.5 USE CASES
6.5.1 APWORKS MANUFACTURES ENHANCED 3D-PRINTED COOLING PLATES FOR AIRCRAFT BATTERIES
6.5.2 CONCORDE BATTERY INTRODUCES ENHANCED DESIGN WITH INCREASED CAPACITY
6.5.3 SEALED LEAD-ACID BATTERIES PROVIDE OPTIMAL SAFETY UNDER EXTREME OPERATIONAL CONDITIONS
6.5.4 INTRODUCTION OF PLASTIC-BONDED ELECTRODES TO INCREASE SERVICE LIFE
6.6 PATENT ANALYSIS
TABLE 19 AIRCRAFT BATTERY MARKET: KEY PATENTS
7 AIRCRAFT BATTERY MARKET, BY OFFERING (Page No. - 85)
7.1 INTRODUCTION
FIGURE 22 PRODUCT SEGMENT TO LEAD AIRCRAFT BATTERY MARKET FROM 2022 TO 2027
TABLE 20 AIRCRAFT BATTERY MARKET, BY OFFERING, 2018–2021 (USD MILLION)
TABLE 21 AIRCRAFT BATTERY MARKET, BY OFFERING, 2022–2027 (USD MILLION)
TABLE 22 PRODUCT: AIRCRAFT BATTERY MARKET, BY OFFERING, 2018–2021 (USD MILLION)
TABLE 23 PRODUCT: AIRCRAFT BATTERY MARKET, BY OFFERING, 2022–2027 (USD MILLION)
TABLE 24 AIRCRAFT BATTERY PRODUCT MARKET, BY BATTERY TYPE, 2018–2021 (USD MILLION)
TABLE 25 AIRCRAFT BATTERY PRODUCT MARKET, BY BATTERY TYPE, 2022–2027 (USD MILLION)
7.2 BATTERY TYPE
7.2.1 LEAD-ACID BATTERY
7.2.1.1 Increasing usage due to low cost and maintenance
7.2.2 NICKEL-CADMIUM BATTERY
7.2.2.1 High capacity and quick charging capabilities drive usage
7.2.3 LITHIUM-ION BATTERY
7.2.3.1 Wide-scale adoption in futuristic applications that require high energy density and low weight
7.2.4 OTHERS
7.2.4.1 Increasing development of chemistries to develop high-energy and low-weight batteries
7.3 BATTERY MANAGEMENT SYSTEM
7.3.1 INCREASING ADOPTION TO SAFEGUARD BATTERY OPERATIONS AND PROVIDE EFFICIENCY
7.4 SERVICE
7.4.1 REQUIRED TO ENSURE CORRECT INSTALLATION AND EFFICIENT FUNCTIONING OF BATTERIES
8 AIRCRAFT BATTERY MARKET, BY APPLICATION (Page No. - 91)
8.1 INTRODUCTION
FIGURE 23 PROPULSION SEGMENT TO HOLD LARGEST MARKET SHARE FROM 2022 TO 2027
TABLE 26 AIRCRAFT BATTERY MARKET, BY APPLICATION 2018–2021 (USD MILLION)
TABLE 27 AIRCRAFT BATTERY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
8.2 PROPULSION
8.2.1 INCREASING DEVELOPMENTS IN ELECTRIC AIRCRAFT TO DRIVE MARKET GROWTH
8.3 AUXILIARY POWER UNIT
8.3.1 BATTERIES INTEGRAL TO STARTING AUXILIARY POWER SOURCE
8.4 EMERGENCY
8.4.1 BATTERIES – KEY POWER SOURCE DURING EMERGENCY SITUATIONS
8.5 FLIGHT DECK & FLIGHT CONTROL
8.5.1 INCREASING NEED FOR BATTERIES AS POWER SOURCE FOR FLIGHT CONTROL
8.6 NAVIGATION & COMMUNICATION
8.6.1 ADVANCEMENTS IN NAVIGATION & COMMUNICATION SYSTEMS DRIVE NEED FOR ADVANCED BATTERY SYSTEMS
8.7 CABIN & CARGO ENVIRONMENT CONTROL
8.7.1 RISING DEVELOPMENTS IN ELECTRIC AIRCRAFT FUEL NEED FOR BATTERIES
9 AIRCRAFT BATTERY MARKET, BY AIRCRAFT TECHNOLOGY (Page No. - 96)
9.1 INTRODUCTION
FIGURE 24 HYBRID ELECTRIC AIRCRAFT SEGMENT TO GROW FASTEST IN AIRCRAFT BATTERY MARKET FROM 2022 TO 2027
TABLE 28 AIRCRAFT BATTERY MARKET, BY AIRCRAFT TECHNOLOGY, 2018–2021 (USD MILLION)
TABLE 29 AIRCRAFT BATTERY MARKET, BY AIRCRAFT TECHNOLOGY, 2022–2027 (USD MILLION)
9.2 TRADITIONAL AIRCRAFT
9.2.1 EXHIBIT LOWER DEPENDENCE ON BATTERY SYSTEMS
9.3 HYBRID AIRCRAFT
9.3.1 INCREASING DEVELOPMENTS TO PROVIDE SUSTAINABLE SOLUTIONS FOR LONG-DISTANCE TRAVEL
9.4 MORE ELECTRIC AIRCRAFT
9.4.1 INCREASING ELECTRIC LOADS TO REQUIRE LARGE CAPACITY BATTERY SYSTEMS
9.5 ELECTRIC AIRCRAFT
9.5.1 MULTIPLE COLLABORATIONS UNDERWAY FOR SUSTAINABLE URBAN TRAVEL
10 AIRCRAFT BATTERY MARKET, BY END USER (Page No. - 100)
10.1 INTRODUCTION
FIGURE 25 OEM SEGMENT PROJECTED TO DOMINATE MARKET DURING FORECAST PERIOD
TABLE 30 AIRCRAFT BATTERY MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 31 AIRCRAFT BATTERY MARKET, BY END USER, 2022–2027 (USD MILLION)
10.2 ORIGINAL EQUIPMENT MANUFACTURERS (OEM)
10.2.1 INCREASING NEED FOR SAFE AND RELIABLE BATTERY SYSTEMS
10.3 AFTERMARKET
10.3.1 COMPLEXITY OF OPERATIONS AND LANDING CYCLES CALLS FOR FREQUENT REPLACEMENT OF AIRCRAFT BATTERIES
11 AIRCRAFT BATTERY MARKET, BY POWER DENSITY (Page No. - 103)
11.1 INTRODUCTION
FIGURE 26 LESS THAN 100 WH/KG BATTERIES TO LEAD MARKET FROM 2022 TO 2027
TABLE 32 AIRCRAFT BATTERY MARKET, BY POWER DENSITY, 2018–2021 (USD MILLION)
TABLE 33 AIRCRAFT BATTERY MARKET, BY POWER DENSITY, 2022–2027 (USD MILLION)
11.2 LESS THAN 100 WH/KG
11.2.1 INCREASING USAGE IN CONVENTIONAL AIRCRAFT WITH LOW ELECTRIC LOAD
11.3 100–300 WH/KG
11.3.1 WIDELY USED IN FUTURISTIC APPLICATIONS LIKE MEA AND ELECTRIC AIRCRAFT
11.4 MORE THAN 300 WH/KG
11.4.1 DEVELOPMENTS IN LARGE ELECTRIC AIRCRAFT DRIVE REQUIREMENT FOR HIGH-POWER DENSITY BATTERIES
12 AIRCRAFT BATTERY MARKET, BY BATTERY CAPACITY (Page No. - 106)
12.1 INTRODUCTION
FIGURE 27 MORE THAN 20 AH BATTERIES TO DOMINATE MARKET FROM 2022 TO 2027
TABLE 34 AIRCRAFT BATTERY MARKET, BY BATTERY CAPACITY, 2018–2021 (USD MILLION)
TABLE 35 AIRCRAFT BATTERY MARKET, BY BATTERY CAPACITY, 2022–2027 (USD MILLION)
12.2 LESS THAN 20 AH
12.2.1 INCREASING USAGE IN LOW-LOAD AND LOW-RISK APPLICATIONS
12.3 MORE THAN 20 AH
12.3.1 INCREASING NEED FOR ELECTRIC LOAD TO DRIVE DEMAND FOR HIGH-CAPACITY BATTERIES
13 AIRCRAFT BATTERY MARKET BY AIRCRAFT TYPE (Page No. - 109)
13.1 INTRODUCTION
FIGURE 28 FIXED-WING SEGMENT TO HOLD LARGEST MARKET SHARE FROM 2022 TO 2027
TABLE 36 AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)
TABLE 37 AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2022–2027 (USD MILLION)
13.2 FIXED-WING
13.2.1 SEGMENT DRIVEN BY INCREASED AVIATION TRAFFIC AND FLEET SIZE
FIGURE 29 COMMERCIAL AVIATION PROJECTED TO DOMINATE FROM 2022 TO 2027
TABLE 38 FIXED-WING AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)
TABLE 39 FIXED-WING AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2022–2027 (USD MILLION)
13.2.2 COMMERCIAL AVIATION
13.2.2.1 Narrow-body aircraft
13.2.2.1.1 Rising domestic travel to increase demand
13.2.2.2 Wide-body aircraft
13.2.2.2.1 Increased airline focus on long-haul routes to drive demand
13.2.2.3 Regional transport aircraft
13.2.2.3.1 Segment links underserved and unserved tier ii cities
13.2.3 BUSINESS & GENERAL AVIATION
13.2.3.1 Business jets
13.2.3.1.1 Growth of private aviation companies to drive demand
13.2.3.2 Light aircraft
13.2.3.2.1 Low operating and maintenance costs boost segment
13.2.4 MILITARY AVIATION
13.2.4.1 Fighter aircraft
13.2.4.1.1 Backed by development projects and higher military spending
13.2.4.2 Transport aircraft
13.2.4.2.1 Growing military use to drive demand
13.2.4.3 SPECIAL MISSION AIRCRAFT
13.2.4.3.1 Enhanced warfare tactics and strategies drive demand
13.3 ROTARY-WING AIRCRAFT
13.3.1 RISING POPULARITY DUE TO OPERATIONAL CAPABILITIES
TABLE 40 ROTARY-WING AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)
TABLE 41 ROTARY-WING AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2022–2027 (USD MILLION)
13.3.2 COMMERCIAL HELICOPTERS
13.3.2.1 Increased demand for civil and special-purpose operations
13.3.3 MILITARY HELICOPTERS
13.3.3.1 Increased focus on military applications and border security
13.4 UNMANNED AERIAL VEHICLES
13.4.1 INCREASED CIVIL AND MILITARY APPLICATIONS DRIVE MARKET
TABLE 42 UAV: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)
TABLE 43 UAV: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2022–2027 (USD MILLION)
13.4.1.1 Fixed-wing UAVs
13.4.1.1.1 Long-distance endurance capability
13.4.1.2 Fixed-wing VTOL UAVs
13.4.1.2.1 Independent take-off and landing
13.4.1.3 Rotary-wing UAVs
13.4.1.3.1 Higher level of aircraft control
13.5 ADVANCED AIR MOBILITY
13.5.1 LARGE INVESTMENTS IN DEVELOPING COUNTRIES
TABLE 44 AAM: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2022–2027 (USD MILLION)
13.5.1.1 Air taxis
13.5.1.1.1 Viable and efficient mode of tackling on-road traffic congestion
13.5.1.2 Air shuttles & air metros
13.5.1.2.1 Quick and efficient way of commuting
13.5.1.3 Personal aerial vehicles
13.5.1.3.1 Increased R&D for economical vehicles capable of longer-range flights
13.5.1.4 Cargo drones
13.5.1.4.1 Offer efficiency and ease of operation
13.5.1.5 Air ambulances & medical emergency vehicles
13.5.1.5.1 Life-saving asset for emergency transport
13.5.1.6 Last-mile delivery vehicles
13.5.1.6.1 Demand driven by need for faster and efficient delivery methods in e-commerce
14 REGIONAL ANALYSIS (Page No. - 121)
14.1 INTRODUCTION
FIGURE 30 NORTH AMERICA ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE IN 2022
TABLE 45 AIRCRAFT BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 46 AIRCRAFT BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)
14.2 NORTH AMERICA
14.2.1 PESTLE ANALYSIS: NORTH AMERICA
FIGURE 31 NORTH AMERICA: AIRCRAFT BATTERY MARKET SNAPSHOT
TABLE 47 NORTH AMERICA: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)
TABLE 48 NORTH AMERICA: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2022–2027 (USD MILLION)
TABLE 49 NORTH AMERICA: AIRCRAFT BATTERY MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 50 NORTH AMERICA: AIRCRAFT BATTERY MARKET, BY END USER, 2022–2027 (USD MILLION)
TABLE 51 NORTH AMERICA: AIRCRAFT BATTERY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 52 NORTH AMERICA: AIRCRAFT BATTERY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
14.2.2 US
14.2.2.1 Presence of major industrial OEMs and small players to drive market
TABLE 53 US: AIRCRAFT BATTERY MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 54 US: AIRCRAFT BATTERY MARKET, BY END USER, 2022–2027 (USD MILLION)
TABLE 55 US: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)
TABLE 56 US: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2022–2027 (USD MILLION)
14.2.3 CANADA
14.2.3.1 Increased focus on development of advanced military fleet to drive market
TABLE 57 CANADA: AIRCRAFT BATTERY MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 58 CANADA: AIRCRAFT BATTERY MARKET, BY END USER, 2022–2027 (USD MILLION)
TABLE 59 CANADA: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)
TABLE 60 CANADA: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2022–2027 (USD MILLION)
14.3 EUROPE
14.3.1 PESTLE ANALYSIS: EUROPE
FIGURE 32 EUROPE: AIRCRAFT BATTERY MARKET SNAPSHOT
TABLE 61 EUROPE: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)
TABLE 62 EUROPE: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2022–2027 (USD MILLION)
TABLE 63 EUROPE: AIRCRAFT BATTERY MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 64 EUROPE: AIRCRAFT BATTERY MARKET, BY END USER, 2022–2027 (USD MILLION)
TABLE 65 EUROPE: AIRCRAFT BATTERY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 66 EUROPE: AIRCRAFT BATTERY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
14.3.2 GERMANY
14.3.2.1 Rise in passenger traffic and procurement of advanced fighter jets
TABLE 67 GERMANY: AIRCRAFT BATTERY MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 68 GERMANY: AIRCRAFT BATTERY MARKET, BY END USER, 2022–2027 (USD MILLION)
TABLE 69 GERMANY: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)
TABLE 70 GERMANY: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2022–2027 (USD MILLION)
14.3.3 UK
14.3.3.1 Ongoing technological developments and expansion of commercial aircraft fleets
TABLE 71 UK: AIRCRAFT BATTERY MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 72 UK: AIRCRAFT BATTERY MARKET, BY END USER, 2022–2027 (USD MILLION)
TABLE 73 UK: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)
TABLE 74 UK: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2022–2027 (USD MILLION)
14.3.4 FRANCE
14.3.4.1 Increased competition in airline industry
TABLE 75 FRANCE: AIRCRAFT BATTERY MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 76 FRANCE: AIRCRAFT BATTERY MARKET, BY END USER, 2022–2027 (USD MILLION)
TABLE 77 FRANCE: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)
TABLE 78 FRANCE: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2022–2027 (USD MILLION)
14.3.5 REST OF EUROPE
14.3.5.1 Growing air passenger traffic
TABLE 79 REST OF EUROPE: AIRCRAFT BATTERY MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 80 REST OF EUROPE: AIRCRAFT BATTERY MARKET, BY END USER, 2022–2027 (USD MILLION)
TABLE 81 REST OF EUROPE: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)
TABLE 82 REST OF EUROPE: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2022–2027 (USD MILLION)
14.4 ASIA PACIFIC
14.4.1 PESTLE ANALYSIS: ASIA PACIFIC
FIGURE 33 ASIA PACIFIC: AIRCRAFT BATTERY MARKET SNAPSHOT
TABLE 83 ASIA PACIFIC: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)
TABLE 84 ASIA PACIFIC: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2022–2027 (USD MILLION)
TABLE 85 ASIA PACIFIC: AIRCRAFT BATTERY MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 86 ASIA PACIFIC: AIRCRAFT BATTERY MARKET, BY END USER, 2022–2027 (USD MILLION)
TABLE 87 ASIA PACIFIC: AIRCRAFT BATTERY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 88 ASIA PACIFIC: AIRCRAFT BATTERY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
14.4.2 CHINA
14.4.2.1 Increased investment in helicopter medical services
TABLE 89 CHINA: AIRCRAFT BATTERY MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 90 CHINA: AIRCRAFT BATTERY MARKET, BY END USER, 2022–2027 (USD MILLION)
TABLE 91 CHINA: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)
TABLE 92 CHINA: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2022–2027 (USD MILLION)
14.4.3 INDIA
14.4.3.1 Improved domestic airline connectivity
TABLE 93 INDIA: AIRCRAFT BATTERY MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 94 INDIA: AIRCRAFT BATTERY MARKET, BY END USER, 2022–2027 (USD MILLION)
TABLE 95 INDIA: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)
TABLE 96 INDIA: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2022–2027 (USD MILLION)
14.4.4 JAPAN
14.4.4.1 Expanding military and commercial fleets
TABLE 97 JAPAN: AIRCRAFT BATTERY MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 98 JAPAN: AIRCRAFT BATTERY MARKET, BY END USER, 2022–2027 (USD MILLION)
TABLE 99 JAPAN: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)
TABLE 100 JAPAN: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2022–2027 (USD MILLION)
14.4.5 SOUTH KOREA
14.4.5.1 Rising air traffic and cargo operations
TABLE 101 SOUTH KOREA: AIRCRAFT BATTERY MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 102 SOUTH KOREA: AIRCRAFT BATTERY MARKET, BY END USER, 2022–2027 (USD MILLION)
TABLE 103 SOUTH KOREA: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)
TABLE 104 SOUTH KOREA: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2022–2027 (USD MILLION)
14.4.6 REST OF ASIA PACIFIC
14.4.6.1 Government support for advanced avionics systems
TABLE 105 REST OF ASIA PACIFIC: AIRCRAFT BATTERY MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 106 REST OF ASIA PACIFIC: AIRCRAFT BATTERY MARKET, BY END USER, 2022–2027 (USD MILLION)
TABLE 107 REST OF ASIA PACIFIC: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)
TABLE 108 REST OF ASIA PACIFIC: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2022–2027 (USD MILLION)
14.5 MIDDLE EAST
14.5.1 PESTLE ANALYSIS: MIDDLE EAST
FIGURE 34 MIDDLE EAST: AIRCRAFT BATTERY MARKET SNAPSHOT
TABLE 109 MIDDLE EAST: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)
TABLE 110 MIDDLE EAST: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2022–2027 (USD MILLION)
TABLE 111 MIDDLE EAST: AIRCRAFT BATTERY MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 112 MIDDLE EAST: AIRCRAFT BATTERY MARKET, BY END USER, 2022–2027 (USD MILLION)
TABLE 113 MIDDLE EAST: AIRCRAFT BATTERY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 114 MIDDLE EAST: AIRCRAFT BATTERY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
14.5.2 UAE
14.5.2.1 Increasing demand for private planes
TABLE 115 UAE: AIRCRAFT BATTERY MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 116 UAE: AIRCRAFT BATTERY MARKET, BY END USER, 2022–2027 (USD MILLION)
TABLE 117 UAE: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)
TABLE 118 UAE: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2022–2027 (USD MILLION)
14.5.3 SAUDI ARABIA
14.5.3.1 Modernization of existing fleets
TABLE 119 SAUDI ARABIA: AIRCRAFT BATTERY MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 120 SAUDI ARABIA: AIRCRAFT BATTERY MARKET, BY END USER, 2022–2027 (USD MILLION)
TABLE 121 SAUDI ARABIA: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)
TABLE 122 SAUDI ARABIA: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2022–2027 (USD MILLION)
14.5.4 REST OF MIDDLE EAST
14.5.4.1 Market expansion due to growing tourism sector
TABLE 123 REST OF MIDDLE EAST: AIRCRAFT BATTERY MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 124 REST OF MIDDLE EAST: AIRCRAFT BATTERY MARKET, BY END USER, 2022–2027 (USD MILLION)
TABLE 125 REST OF MIDDLE EAST: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)
TABLE 126 REST OF MIDDLE EAST: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2022–2027 (USD MILLION)
14.6 LATIN AMERICA
14.6.1 PESTLE ANALYSIS: LATIN AMERICA
FIGURE 35 LATIN AMERICA: AIRCRAFT BATTERY MARKET SNAPSHOT
TABLE 127 LATIN AMERICA: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)
TABLE 128 LATIN AMERICA: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2022–2027 (USD MILLION)
TABLE 129 LATIN AMERICA: AIRCRAFT BATTERY MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 130 LATIN AMERICA: AIRCRAFT BATTERY MARKET, BY END USER, 2022–2027 (USD MILLION)
TABLE 131 LATIN AMERICA: AIRCRAFT BATTERY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 132 LATIN AMERICA: AIRCRAFT BATTERY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
14.6.2 BRAZIL
14.6.2.1 Increasing demand for modern narrow-body aircraft
TABLE 133 BRAZIL: AIRCRAFT BATTERY MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 134 BRAZIL: AIRCRAFT BATTERY MARKET, BY END USER, 2022–2027 (USD MILLION)
TABLE 135 BRAZIL: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)
TABLE 136 BRAZIL: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2022–2027 (USD MILLION)
14.6.3 MEXICO
14.6.3.1 Domestic airline demand for commercial aircraft
TABLE 137 MEXICO: AIRCRAFT BATTERY MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 138 MEXICO: AIRCRAFT BATTERY MARKET, BY END USER, 2022–2027 (USD MILLION)
TABLE 139 MEXICO: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)
TABLE 140 MEXICO: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2022–2027 (USD MILLION)
14.6.4 REST OF LATIN AMERICA
14.6.4.1 Increasing aircraft fleet size to drive market growth
TABLE 141 REST OF LATIN AMERICA: AIRCRAFT BATTERY MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 142 REST OF LATIN AMERICA: AIRCRAFT BATTERY MARKET, BY END USER, 2022–2027 (USD MILLION)
TABLE 143 REST OF LATIN AMERICA: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)
TABLE 144 REST OF LATIN AMERICA: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2022–2027 (USD MILLION)
14.7 AFRICA
14.7.1 PESTLE ANALYSIS: AFRICA
FIGURE 36 AFRICA: AIRCRAFT BATTERY MARKET SNAPSHOT
TABLE 145 AFRICA: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)
TABLE 146 AFRICA: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2022–2027 (USD MILLION)
TABLE 147 AFRICA: AIRCRAFT BATTERY MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 148 AFRICA: AIRCRAFT BATTERY MARKET, BY END USER, 2022–2027 (USD MILLION)
TABLE 149 AFRICA: AIRCRAFT BATTERY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 150 AFRICA: AIRCRAFT BATTERY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
14.7.2 SOUTH AFRICA
14.7.2.1 Increased use of private jets and expanding tourism industry
TABLE 151 SOUTH AFRICA: AIRCRAFT BATTERY MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 152 SOUTH AFRICA: AIRCRAFT BATTERY MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 153 SOUTH AFRICA: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)
TABLE 154 SOUTH AFRICA: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2022–2027 (USD MILLION)
14.7.3 REST OF AFRICA
14.7.3.1 Rising need for modern commercial aircraft to meet demand
TABLE 155 REST OF AFRICA: AIRCRAFT BATTERY MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 156 REST OF AFRICA: AIRCRAFT BATTERY MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 157 REST OF AFRICA: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)
TABLE 158 REST OF AFRICA: AIRCRAFT BATTERY MARKET, BY AIRCRAFT TYPE, 2022–2027 (USD MILLION)
The research study conducted on the aircraft battery market involved extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, and Factiva to identify and collect information relevant to the aircraft battery market. The primary sources considered included industry experts from the aircraft battery market as well as raw material providers, aircraft battery manufacturers, solution providers, technology developers, alliances, government agencies, and aftermarket service providers related to all segments of the value chain of this industry. In-depth interviews with various primary respondents, including key industry participants, Subject Matter Experts (SMEs), industry consultants, and C-level executives have been conducted to obtain and verify critical qualitative and quantitative information pertaining to the aircraft battery market as well as to assess the growth prospects of the market.
Secondary Research
The ranking of companies operating in the aircraft battery market was arrived at based on secondary data made available through paid and unpaid sources, the analysis of product portfolios of the major companies in the market and rating them on the basis of their performance and quality. These data points were further validated by primary sources.
Secondary sources referred for this research study on the aircraft battery market included government sources, such as corporate filings that included annual reports, investor presentations, and financial statements, and trade, business, and professional associations. Secondary data was collected and analyzed to arrive at the overall market size, which was further validated by various primary respondents.
Primary Research
In the primary research process, various sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side included industry experts, such as CEOs, VPs, marketing directors, technology and innovation directors, and key executives from major companies and organizations operating in the Aircraft Battery Market.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the size of the aircraft battery market. The following figure offers a representation of the overall market size estimation process employed for the purpose of this study on the aircraft battery market.
The research methodology used to estimate the market size includes the following details:
- Key players in this market were identified through secondary research, and their market share was determined through primary and secondary research. This included a study of the annual and financial reports of top market players and extensive interviews of leaders such as Chief Executive Officers (CEOs), directors, and marketing executives of leading companies operating in the aircraft battery market.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
Market size estimation methodology: Bottom-up approach
Market size estimation methodology: Top-Down approach
Data triangulation
After arriving at the overall market size through the market size estimation process explained above, the total market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegments, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Technology Growth Factor: Improved Energy Density of Aircraft Lithium Batteries and Propulsion Batteries
The aviation batteries industry has seen significant developments in technology with the introduction of aircraft lithium batteries and aircraft propulsion batteries. These batteries have various applications in the aviation industry, including starting and auxiliary power, emergency power, and hybrid electric propulsion systems. The use of these batteries has led to improved efficiency, reliability, and safety in aviation applications.
One of the main technology growth factors of aircraft lithium batteries and aircraft propulsion batteries is improved energy density. The energy density of lithium batteries has increased significantly over the past decade, allowing for more compact and lightweight battery packs that can provide high-power output in a smaller package. Additionally, the development of advanced materials such as lithium iron phosphate and lithium polymer has improved the safety and reliability of lithium batteries.
Another growth factor in aircraft battery technology is the development of more efficient charging systems. These charging systems have reduced the time required for maintenance and charging, leading to increased aircraft availability. Additionally, the integration of battery management systems and other automation technologies has improved the safety and efficiency of aircraft batteries. These systems can monitor battery performance and detect potential issues before they become critical, leading to increased reliability and safety in aviation applications.
The development of aircraft lithium batteries and aircraft propulsion batteries has led to significant improvements in aviation battery technology, leading to increased efficiency, reliability, and safety in aviation applications. The continued development of these technologies is expected to further enhance the capabilities of aircraft batteries and lead to continued growth in the aviation batteries industry.
The Future of Aircraft Lithium Batteries and Aircraft Propulsion Batteries in Driving Growth and Innovation in the Aviation Batteries Industry
The aviation batteries industry is set to benefit significantly from the introduction of aircraft lithium batteries and aircraft propulsion batteries. These batteries offer weight savings, improved energy density, and increased safety and reliability compared to traditional lead-acid batteries. They are also expected to reduce emissions and maintenance costs, leading to cost savings for aviation companies.
The aviation industry's demand for more environmentally friendly solutions is expected to increase, driving the adoption of aircraft propulsion batteries in hybrid electric propulsion systems. The use of automation technologies and real-time monitoring in these batteries also enhances safety and reliability, while efficient charging systems reduce downtime and increase aircraft availability. The introduction of aircraft lithium batteries and aircraft propulsion batteries is expected to drive growth and innovation in the aviation batteries industry.
Report Objectives
- To define, describe, segment, and forecast the aircraft battery market based on Offering, Application, Aircraft Type, End Use, Aircraft technology, Power Density, Battery Capacity and Region.
- To analyze demand- and supply-side indicators influencing the growth of the market
- To understand the market structure by identifying high-growth segments and subsegments of the market
- To provide in-depth market intelligence regarding key market dynamics, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
- To forecast the revenues of market segments with respect to 6 main regions: North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America
- To analyze technological advancements and new product launches in the market from 2017 to 2022
- To provide a detailed competitive landscape of the market, in addition to market share analysis of leading players
- To identify the financial position, product portfolio, and key developments of leading players operating in the market
- To analyze micromarkets with respect to their individual growth trends, prospects, and contribution to the overall market
- To provide a comprehensive analysis of business and corporate strategies adopted by key market players
- To profile key market players and comprehensively analyze their core competencies
Available customizations
Along with the market data, MarketsandMarkets offers customizations as per the specific needs of companies. The following customization options are available for the report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis
- Further breakdown of the market segments at country-level
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Generating Response ...
Growth opportunities and latent adjacency in Aircraft Battery Market