Aviation Battery Market Analysis North America,Europe,APAC,South America,Middle East and Africa - US,Israel,China,Japan,Russia - Size and Forecast 2023-2027

Aviation Battery Market Forecast 2023-2027

The aviation battery market size is estimated to increase by USD 317.81 million, growing at a CAGR of 7.26% between 2022 and 2027. Market growth hinges on various factors, notably the rising demand for air transportation, escalating disposable income among consumers, and the expanding utilization of military UAVs.  Recent years have seen a notable increase in the demand for air transportation, spurred by the escalating global air traffic volume. According to the World Bank Group, the projected surge in global air traffic from 2.21 billion in 2007 to 4.46 billion in 2022 emphasizes this trend.

What will be the Size of the Aviation Battery Market During the Forecast Period?

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Market Segmentation

This aviation battery market report extensively covers market segmentation by battery type (nickel-based batteries, lithium-based batteries, and lead-based batteries), distribution channel (OEM and aftermarket), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

By Type

The market share growth by the nickel-based batteries segment will be significant during the forecast period. This segment includes nickel-based rechargeable batteries such as Ni-Cd rechargeable and NiMH rechargeable. Ni-Cd are more commonly used than NiMH batteries because they have a lower self-discharge rate than NiMH batteries.

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The nickel-based batteries segment was valued at USD 271.12 million in 2017 and continued to grow until 2021. Ni-Cd are highly reliable, requires little maintenance, and have a wide operating temperature range. These are suitable for a variety of aircraft applications, are robust, and are widely used in the aviation industry. Ni-Cd cells used in the aviation industry are typically of the vent cell type. Vented cells are equipped with a low-pressure dump valve to vent hydrogen or oxygen gas produced during discharge or rapid overcharge, preventing battery damage from over-discharging, over-charging, or even negative charging. increase. However, the combination of overcharging and high battery temperatures can lead to a so-called thermal runaway. To avoid this condition, the battery temperature must be monitored continuously. All the factors cumulatively drive the growth of the segment during the forecast period.

Which are the Key Regions for the Market?

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North America is estimated to contribute 31% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The growth of the regional market is fueled by the huge fleets of North American countries, especially the United States. The region has technologically advanced countries and mature markets such as the United States and Canada, enabling the development in the region. The rapid increase in global demand for new equipment has also created a concurrent demand in the region. The aerospace industry in the US is highly competitive. Regional aircraft manufacturers (OEMs) such as Boeing are competing with companies from Europe and Asia to increase their global market share. Canada's aerospace industry is highly integrated into global value chains, with the aerospace supply chain representing more than USD 10 billion and approximately 4-5% of Canada's global aerospace product exports in 2021.

Rising air travel in North America, especially in the US, has increased the demand for batteries in the region. However, the growth potential of the market is diminishing as US airports are unable to accommodate the increasing number of passengers. Therefore, systematic measures are needed to deal with airport congestion. The costs associated with delays and congestion add up to billions of dollars each year. This will hit the regional aviation industry, thereby hampering the growth of the regional market during the forecast period.

Market Dynamics and Customer Landscape

The Aviation Battery Market is propelled by the increasing need for reliable electrical solutions in aircraft operations. With a focus on sustainable practices, the industry seeks batteries that ensure safety and efficiency in systems. These batteries serve critical functions such as providing electrical energy for preflight operations and powering auxiliary power units (APUs) in both manned and unmanned aircraft systems. As the aerospace sector continues to prioritize economic and environmental considerations, advancements in battery materials and technology play a crucial role. The development of high-energy-density battery options supports the aviation industry's efforts towards a sustainable planet by reducing airplane noise and transitioning towards electric engines, thus reducing reliance on traditional combustion engines and hydraulic controls. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The surge in demand for air transport stands out as a key driver propelling market growth in the aviation battery industry. Recent years have witnessed a remarkable uptick in the demand for air transportation, driven by the escalating global air traffic volume. 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. This surge in air travel has translated into a heightened demand for aircraft worldwide, particularly in emerging markets like India and China. Moreover, rapid globalization has spurred a significant uptick in air freight transportation globally.

This robust growth in air freight transport is poised to further fuel the demand for aircraft batteries in the foreseeable future. The upswing in air transportation demand is primarily fueled by a surge in passenger numbers and air freight volumes. Projections indicate a need for approximately 40,000 commercial aircraft over the next two decades, underscoring the substantial demand, particularly in China. The APAC region, buoyed by increased air traffic in developing nations, is anticipated to witness a significant uptick in demand. Additionally, as the purchasing power of individuals worldwide continues to rise, facilitating faster and more comfortable travel, the demand is expected to soar. Consequently, the escalating numbers are driving demand for batteries, thereby fostering the growth of the global aviation battery market during the forecast period.

Significant Market Trends

The emergence of electric aircraft is the key trend shaping the market. The concept of electric type has been around for decades, but major developments in this technology have only recently begun. Several companies are currently working on prototype electric and hybrid types. Many major manufacturers, including Boeing and Airbus, are focused on developing battery-electric segments to reduce noise and emissions from planes, helicopters, and jets. However, flying an airplane requires a lot of energy, and today's batteries do not provide the energy density needed to fly an airplane. Energy density is an essential parameter for batteries to fly airplanes, but batteries do not have enough energy for the task.

Companies have developed technology for using battery-electric type. For example, in March 2021, Harbor Air, Magnix, and H55 partnered to develop the world's first certified all-electric commercial type. The H55 offers proven modular battery technology to improve the eBeaver's weight-to-balance ratio and durability. Electric planes use more batteries than conventional planes powered by engines and kerosene. Therefore, the successful deployment of electric type will significantly drive the deployment of batteries, thereby supporting the growth of the global market during the forecast period. 

Major Market Challenge

Competition from fuel cells may impede the growth of the market. Fuel cells convert chemical energy into electricity through an electrochemical reaction. This process is greener and more efficient than fuel combustion because the fuel is converted through an electrochemical process rather than combustion. Fuel cells are very expensive, so many companies invest in research and development activities to develop low-cost fuel cells. In civil aviation, fuel cells are considered a potential energy source for aircraft. As an auxiliary energy unit, fuel cells can power the aircraft's onboard network.

In the aviation industry, hybrid models of batteries and fuel cells are used to power aircraft and other auxiliary power units. In this model, part of the required energy is supplied by the battery, and the energy requirements of other auxiliary components are covered by the fuel cell. This model has a high energy density and is suitable for small and medium-sized passenger aircraft. Therefore, the increased use of fuel cells may adversely affect the deployment of aircraft batteries, thereby hampering the growth of the global market during the forecast period. 

Key Market Customer Landscape

The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major Aviation Battery Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Aerolithium Aviation Batteries: The company offers aviation batteries such as Aerolithium Lithium battery technology and experimental backup battery.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

• Amprius Technologies Inc.
• BAE Systems Plc
• 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.
• Sion Power Corp.
• Teledyne Technologies Inc.
• Thales Group
• The Boeing Co.
• TotalEnergies SE
• Sichuan Changhong Electric

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

• Battery Type Outlook
  • Nickel-based batteries
  • Lithium-based batteries
  • Lead-based batteries

• Distribution Channel Outlook 
  • OEM
  • Aftermarket

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • South America
    • Argentina
    • Brazil
    • Chile

Market Analyst Overview

The market is witnessing robust growth driven by advancements in electrical solutions and the increasing focus on sustainable operations within aircraft systems. Safety remains paramount, with electrical energy powering critical preflight checks and auxiliary power units (APUs) providing backup supply in case generators fail. Key battery types dominating the market include Lithium-ion, Nickel-Cadmium, and Lead-Acid batteries, known for their high-energy density, portability, and low maintenance costs. The market dynamics are shaped by factors such as the electrification of aircraft, aimed at reducing carbon dioxide (CO2) emissions and noise levels, in line with initiatives by organizations like the Air Transport Action Group (ATAG) and the International Civil Aviation Organization.

Advancements in battery technologies, including Lithium Oxyhalide, Silver Zinc, and Nickel Metal Hydride batteries, are driving the industry toward cleaner and quieter aircraft operations. The shift toward more electric aircraft (MEA) and the emergence of electric vertical takeoff and landing vehicles (eVTOLs) are further propelling market growth. Challenges such as frequent replacement requirements, environmental variables like extreme temperatures, and the need for optimal safety and service life are being addressed through innovations in battery materials and technology. As the aviation industry strives for a sustainable and pollution-free future, demand for high-energy-density battery options and lightweight battery systems continues to soar, supporting economic and environmental considerations across commercial, military, and unmanned aerial vehicle segments.

The Aircraft Battery Market and Aircraft Battery Industry play pivotal roles in the aviation sector, powering electrical systems and circuits essential for aircraft operation. The demand for portable, high energy density batteries is driven by various Aircraft Battery Market Dynamics, including the need to reduce global warming and meet the power requirements of a growing global aircraft fleet. In the quest for sustainable air travel, electric aircraft manufacturers like Zunum Aero and Pipistrel are driving advancements in chemicals and battery technologies. Lithium ion, Lithium/fluorinated carbon, Silver Aluminum, Nickel Cadmium, and Lead Acid batteries are among the key battery types utilized in aircraft.

These batteries offer high energy-to-weight and energy-to-density ratios, enabling operational efficiency while minimizing fuel consumption and pollutants. However, challenges such as extreme temperatures, electrolyte leakage, and the risk of shorts demand enhanced conductivity and low resistance properties in electrolytes and cell plates. The Aircraft Battery market industry is evolving rapidly, driven by advancements in Aircraft technologies and emerging aircraft types like hybrids and unmanned aerial vehicles (UAVs). Demand for new airplanes, including those powered by Eagle Picher batteries, is fueling revenue growth in the Aircraft Battery market. In addition to commercial and military aviation, Aircraft Battery Application extends to propulsion systems in traditional aircraft and emerging platforms like the Artemis I spacecraft, Space Launch System (SLS), and Orion crew module. Lead acid, Lithium-ion, and Nickel-cadmium batteries are commonly used in these applications, each tailored to specific aircraft types and operational requirements. As the aviation industry continues to innovate, the Aircraft Battery Market remains integral to ensuring reliable power supply for electronic controls, reducing aircraft noise levels, and optimizing fuel use to mitigate the impact of climate change.

Aviation Battery Market Scope
Report Coverage	Details
Page number	161
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 7.26%
Market growth 2023-2027	USD 317.81 million
Market structure	Fragmented
YoY growth 2022-2023(%)	6.78
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 31%
Key countries	US, Israel, China, Japan, and Russia
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Aerolithium Aviation Batteries, Amprius Technologies Inc., BAE Systems Plc, 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., Sion Power Corp., Teledyne Technologies Inc., Thales Group, The Boeing Co., TotalEnergies SE, and Sichuan Changhong Electric
Market dynamics	Parent market analysis, Market forecasting, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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