Aviation Battery Market
PUBLISHED: 2024 ID: SMRC27343
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Aviation Battery Market

Aviation Battery Market Forecasts to 2030 - Global Analysis by Type (Lithium Ion Batteries, Nickel Cadmium (Ni-Cd) Batteries, Lead Acid Batteries, Nickel Metal Hydride (NiMH) Batteries, Other Types) Aircraft Type, Component, Technology, Platform, End User and By Geography

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4.2 (87 reviews)
Published: 2024 ID: SMRC27343

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Aviation Battery Market is accounted for $515.6 million in 2024 and is expected to reach $1236.8 million by 2030 growing at a CAGR of 15.7% during the forecast period due to demand for advanced battery technologies. Aviation battery is a specialized energy storage device designed for use in aircraft. These batteries power critical systems, including avionics, emergency lights, and auxiliary power units, and are essential for starting engines. Aviation batteries are engineered to meet strict safety, weight, and performance standards, ensuring reliability under extreme conditions. 

According to the World Bank Group, the projected increase in global air traffic from 2.21 billion in 2007 to 4.46 billion in 2022 underscores this trend.

Market Dynamics: 

Driver: 

Demand for Electric Aircraft

The demand for electric aircraft is rapidly increasing due to the push for sustainable aviation solutions and reduced carbon emissions. This surge drives innovation in aviation batteries, necessitating advancements in energy density, weight reduction, and charging capabilities. As manufacturers focus on developing electric and hybrid aircraft, the aviation battery market experiences heightened growth, leading to investments in research and development, thus it boosts the growth of the market.

Restraint:

High Development Costs

High development costs in aviation battery technology pose a significant challenge for manufacturers. Research and development require substantial investment, which can slow innovation and market entry for new battery solutions. These financial barriers may limit the number of players in the market, ultimately affecting the pace of advancements and the adoption of efficient, sustainable batteries for electric and hybrid aircraft, thus it hampers the growth of the market.

Opportunity:

Cost Reduction in Battery Production

Cost reduction in battery production is a crucial factor influencing the aviation battery market. As manufacturing processes become more efficient and economies of scale are realized, the prices of key materials and technologies decline. This affordability enables manufacturers to produce advanced batteries at lower costs, making them more accessible for aviation applications. Consequently, reduced production costs stimulate investment in electric and hybrid aircraft development. Thus, it drives the growth of the market.

Threat:
 
Supply Chain Issues

Supply chain issues, such as disruptions in the availability of critical raw materials like lithium and cobalt, significantly impact the aviation battery market. These shortages can lead to increased production costs and delays in battery manufacturing. As a result, the overall growth of the aviation battery sector may be hindered, affecting the timely development of electric and hybrid aircraft technologies. Thus, it hinders the growth of the market.

Covid-19 Impact: 

The COVID-19 pandemic significantly impacted the aviation battery market, leading to reduced air travel and a decline in demand for aircraft batteries. Supply chain disruptions hampered production, while increased focus on health and safety shifted investments towards electric and hybrid aircraft. As the industry recovers, there’s a growing emphasis on sustainable aviation solutions, driving innovation in battery technology.

The fixed wing aircraft segment is expected to be the largest during the forecast period

The fixed wing aircraft segment is expected to be the largest during the forecast period due to their need for high-performance energy storage solutions. These aircraft, especially electric or hybrid models require lightweight, high-capacity batteries to support longer flight durations and increased payloads. The demand for efficient, durable batteries is pushing innovations in battery technology. As fixed-wing electric aircraft gain popularity for both commercial and military applications, they contribute to significant growth and development in the aviation battery market.
 
The electric aircraft segment is expected to have the highest CAGR during the forecast period

The electric aircraft segment is expected to have the highest CAGR during the forecast period due to innovations in lithium-ion and solid-state technologies. As airlines push for greener solutions, electric aviation reduces carbon emissions, creating a need for efficient, lightweight batteries. This transition is fueling growth in battery manufacturing, advanced materials, and energy storage systems, while spurring research into extended battery life and faster charging, revolutionizing the aviation industry's sustainability efforts.

Region with largest share:

North America is projected to hold the largest market share during the forecast period due to rising demand for electric and hybrid aircraft. This shift will support sustainability goals, reduce carbon emissions, and enhance operational efficiency. Advancements in battery technology, such as lithium-ion and solid-state batteries, are key enablers for this transformation. The market's growth also opens opportunities for regional manufacturers, suppliers, and job creation, fostering innovation and competitiveness in the aerospace industry.

Region with highest CAGR:

Asia Pacific is projected to witness the highest CAGR over the forecast period due to advancements in electric and hybrid electric aircraft. This shift supports the region’s goals of reducing carbon emissions and promoting sustainable aviation. Increased investment in battery technology will foster innovation, improve aircraft efficiency, and lower operating costs. Moreover, the aviation battery market is expected to generate economic growth through job creation in battery manufacturing and related industries.

Key players in the market

Some of the key players in Aviation Battery Market include Amprius Technologies Inc., BAE Systems Plc, Cella Energy Limited, Concorde Battery Corp., Customcells Itzehoe GmbH, EaglePicher Technologies LLC, EnerSys, GS Yuasa Corp., HBL Power Systems Ltd., MarathonNorco Aerospace, Marvel Aero International Inc., Meggitt Plc, Mid Continent Instrument Co. Inc., Northrop Grumman Systems Corp., Sichuan Changhong Electric, Sion Power Corp., Teledyne Technologies Inc., Thales Group, The Boeing Co. and TotalEnergies SE.

Key Developments:

In August 2024, Northrop Grumman Corporation and Genohco have signed a Memorandum of Understanding (MOU) in connection with the Republic of Korea’s Mine Countermeasures Helicopter (KMCH) program. 

In July 2024, Northrop Grumman Corporation and Mitsubishi Electric Corporation signed a Memorandum of Understanding to develop new opportunities for mission solutions in the United States and Japan to deliver key capabilities, including electronic warfare, radar, power systems, connectivity, and communications and processing, modeling and simulation, underwater sensors and uncrewed underwater vehicles.

In April 2024, Amprius Technologies, Inc. announced a strategic partnership with Stafl Systems, a pioneer in advanced battery pack manufacturing, to offer high-performance battery solutions

Types Covered:
• Lithium Ion Batteries
• Nickel Cadmium (Ni-Cd) Batteries
• Lead Acid Batteries
• Nickel Metal Hydride (NiMH) Batteries
• Other Types

Aircraft Types Covered:
• Fixed Wing Aircraft
• Rotary Wing Aircraft
• Hybrid Aircraft
• Electric Aircraft

Components Covered:
• Battery Cells
• Battery Management Systems (BMS)
• Battery Pack Modules
• Battery Enclosures
• Other Components

Technologies Covered:
• Conventional Battery Technology
• Advanced Battery Technology

Platforms Covered:
• Conventional Aircraft
• More Electric Aircraft (MEA)
• Hybrid Electric Aircraft
• Fully Electric Aircraft 

End Users Covered:
• Original Equipment Manufacturers (OEMs)
• Aftermarket
• Maintenance, Repair, and Overhaul (MRO)
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary 
   
2 Preface  
 2.1 Abstract 
 2.2 Stake Holders
 2.3 Research Scope
 2.4 Research Methodology
  2.4.1 Data Mining
  2.4.2 Data Analysis
  2.4.3 Data Validation
  2.4.4 Research Approach
 2.5 Research Sources
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions
   
3 Market Trend Analysis
 3.1 Introduction
 3.2 Drivers 
 3.3 Restraints
 3.4 Opportunities
 3.5 Threats 
 3.6 Technology Analysis
 3.7 End User Analysis
 3.8 Emerging Markets
 3.9 Impact of Covid-19
   
4 Porters Five Force Analysis
 4.1 Bargaining power of suppliers
 4.2 Bargaining power of buyers
 4.3 Threat of substitutes
 4.4 Threat of new entrants
 4.5 Competitive rivalry
   
5 Global Aviation Battery Market, By Type
 5.1 Introduction
 5.2 Lithium Ion Batteries
 5.3 Nickel Cadmium (Ni-Cd) Batteries
 5.4 Lead Acid Batteries
 5.5 Nickel Metal Hydride (NiMH) Batteries
 5.6 Other Types
   
6 Global Aviation Battery Market, By Aircraft Type
 6.1 Introduction
 6.2 Fixed Wing Aircraft
 6.3 Rotary Wing Aircraft
 6.4 Hybrid Aircraft
 6.5 Electric Aircraft
   
7 Global Aviation Battery Market, By Component
 7.1 Introduction
 7.2 Battery Cells
 7.3 Battery Management Systems (BMS)
 7.4 Battery Pack Modules
 7.5 Battery Enclosures
 7.6 Other Components
   
8 Global Aviation Battery Market, By Technology
 8.1 Introduction
 8.2 Conventional Battery Technology
 8.3 Advanced Battery Technology
   
9 Global Aviation Battery Market, By Platform
 9.1 Introduction
 9.2 Conventional Aircraft
 9.3 More Electric Aircraft (MEA)
 9.4 Hybrid Electric Aircraft
 9.5 Fully Electric Aircraft
   
10 Global Aviation Battery Market, By End User
 10.1 Introduction
 10.2 Original Equipment Manufacturers (OEMs)
 10.3 Aftermarket
 10.4 Maintenance, Repair, and Overhaul (MRO)
 10.5 Other End Users
   
11 Global Aviation Battery Market, By Geography
 11.1 Introduction
 11.2 North America
  11.2.1 US
  11.2.2 Canada
  11.2.3 Mexico
 11.3 Europe 
  11.3.1 Germany
  11.3.2 UK
  11.3.3 Italy
  11.3.4 France
  11.3.5 Spain
  11.3.6 Rest of Europe
 11.4 Asia Pacific
  11.4.1 Japan
  11.4.2 China
  11.4.3 India
  11.4.4 Australia
  11.4.5 New Zealand
  11.4.6 South Korea
  11.4.7 Rest of Asia Pacific
 11.5 South America
  11.5.1 Argentina
  11.5.2 Brazil
  11.5.3 Chile
  11.5.4 Rest of South America
 11.6 Middle East & Africa
  11.6.1 Saudi Arabia
  11.6.2 UAE
  11.6.3 Qatar
  11.6.4 South Africa
  11.6.5 Rest of Middle East & Africa
   
12 Key Developments 
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
 12.2 Acquisitions & Mergers
 12.3 New Product Launch
 12.4 Expansions
 12.5 Other Key Strategies
   
13 Company Profiling 
 13.1 Amprius Technologies Inc.
 13.2 BAE Systems Plc
 13.3 Cella Energy Limited
 13.4 Concorde Battery Corp.
 13.5 Customcells Itzehoe GmbH
 13.6 EaglePicher Technologies LLC
 13.7 EnerSys 
 13.8 GS Yuasa Corp.
 13.9 HBL Power Systems Ltd.
 13.10 MarathonNorco Aerospace
 13.11 Marvel Aero International Inc.
 13.12 Meggitt Plc
 13.13 Mid Continent Instrument Co. Inc.
 13.14 Northrop Grumman Systems Corp.
 13.15 Sichuan Changhong Electric
 13.16 Sion Power Corp.
 13.17 Teledyne Technologies Inc.
 13.18 Thales Group
 13.19 The Boeing Co.
 13.20 TotalEnergies SE
   
List of Tables  
1 Global Aviation Battery Market Outlook, By Region (2022-2030) ($MN)
2 Global Aviation Battery Market Outlook, By Type (2022-2030) ($MN)
3 Global Aviation Battery Market Outlook, By Lithium Ion Batteries (2022-2030) ($MN)
4 Global Aviation Battery Market Outlook, By Nickel Cadmium (Ni-Cd) Batteries (2022-2030) ($MN)
5 Global Aviation Battery Market Outlook, By Lead Acid Batteries (2022-2030) ($MN)
6 Global Aviation Battery Market Outlook, By Nickel Metal Hydride (NiMH) Batteries (2022-2030) ($MN)
7 Global Aviation Battery Market Outlook, By Other Types (2022-2030) ($MN)
8 Global Aviation Battery Market Outlook, By Aircraft Type (2022-2030) ($MN)
9 Global Aviation Battery Market Outlook, By Fixed Wing Aircraft (2022-2030) ($MN)
10 Global Aviation Battery Market Outlook, By Rotary Wing Aircraft (2022-2030) ($MN)
11 Global Aviation Battery Market Outlook, By Hybrid Aircraft (2022-2030) ($MN)
12 Global Aviation Battery Market Outlook, By Electric Aircraft (2022-2030) ($MN)
13 Global Aviation Battery Market Outlook, By Component (2022-2030) ($MN)
14 Global Aviation Battery Market Outlook, By Battery Cells (2022-2030) ($MN)
15 Global Aviation Battery Market Outlook, By Battery Management Systems (BMS) (2022-2030) ($MN)
16 Global Aviation Battery Market Outlook, By Battery Pack Modules (2022-2030) ($MN)
17 Global Aviation Battery Market Outlook, By Battery Enclosures (2022-2030) ($MN)
18 Global Aviation Battery Market Outlook, By Other Components (2022-2030) ($MN)
19 Global Aviation Battery Market Outlook, By Technology (2022-2030) ($MN)
20 Global Aviation Battery Market Outlook, By Conventional Battery Technology (2022-2030) ($MN)
21 Global Aviation Battery Market Outlook, By Advanced Battery Technology (2022-2030) ($MN)
22 Global Aviation Battery Market Outlook, By Platform (2022-2030) ($MN)
23 Global Aviation Battery Market Outlook, By Conventional Aircraft (2022-2030) ($MN)
24 Global Aviation Battery Market Outlook, By More Electric Aircraft (MEA) (2022-2030) ($MN)
25 Global Aviation Battery Market Outlook, By Hybrid Electric Aircraft (2022-2030) ($MN)
26 Global Aviation Battery Market Outlook, By Fully Electric Aircraft (2022-2030) ($MN)
27 Global Aviation Battery Market Outlook, By End User (2022-2030) ($MN)
28 Global Aviation Battery Market Outlook, By Original Equipment Manufacturers (OEMs) (2022-2030) ($MN)
29 Global Aviation Battery Market Outlook, By Aftermarket (2022-2030) ($MN)
30 Global Aviation Battery Market Outlook, By Maintenance, Repair, and Overhaul (MRO) (2022-2030) ($MN)
31 Global Aviation Battery Market Outlook, By Other End Users (2022-2030) ($MN)
   
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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