The global aircraft battery market is expanding due to rise in demand for electric and hybrid aircraft, advancements in battery technology, increased air traffic, and growth in the adoption of lightweight, high-performance energy storage solutions.
WILMINGTON, Del., May 5, 2025 /PRNewswire/ — Allied Market Research published a report, titled, “Aircraft Battery Market by Battery Type (Lead Acid Battery, Nickel Cadmium Battery, Lithium-ion Battery, and Solid-State Battery), Aircraft Type (Fixed-Wing, Rotary-Wing, Unmanned Aerial Vehicles, and Advanced Air Mobility), Sales Channel (OEM and Aftermarket), and Application (Auxiliary Power Unit, Emergency Power, Propulsion, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the aircraft battery market was valued at $531.9 million in 2023, and is estimated to reach $2012.3 million by 2033, growing at a CAGR of 14.5% from 2024 to 2033.
Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/5500
Prime determinants of growth
The growth of the aircraft battery market is driven by increase in the adoption of electric and hybrid-electric aircraft is boosting demand for advanced battery technologies. Rising air traffic and the need for fuel-efficient solutions are also contributing to market expansion. In addition, advancements in lithium-ion and solid-state batteries are improving energy density, safety, and lifespan, making them more viable for aviation applications. Government initiatives supporting sustainable aviation and stricter environmental regulations further encourage the development of battery-powered aircraft. The expansion of unmanned aerial vehicles (UAVs) and modern avionics systems also plays a crucial role in market growth.
Report coverage & details:
Report Coverage
Details
Forecast Period
2024–2033
Base Year
2023
Market Size in 2023
$531.9 million
Market Size in 2034
$2012.3 million
CAGR
14.5 %
No. of Pages in Report
459
Segments Covered
Battery Type, Aircraft Type, Sales Channel, Application, and Region.
Drivers
• Rise in Demand for Electric and Hybrid-Electric Aircraft
• Advancement in Battery Technology
• Rise in Demand for Commercial and Military Aircraft
Opportunities
• Development of Solid-state Batteries
• Expansion of Electric and Hybrid Aircraft
Restraint
• High Initial Costs
• Limited Energy Density
Buy This Research Report (459 Pages PDF with Insights, Charts, Tables, and Figures): https://www.alliedmarketresearch.com/checkout-final/542f3c1136679e74ff96ee6cd2f659b1
Impact of Russia-Ukraine War Scenario
On February 24, 2022, the Russia–Ukraine war has significantly impacted the aircraft battery market by disrupting supply chains, increasing raw material costs, and creating market uncertainties. The conflict has led to shortages of essential battery components, such as lithium, nickel, and cobalt, as supply routes from affected regions have been restricted.Rise in geopolitical tensions have resulted in fluctuating fuel prices, prompting greater interest in alternative power sources, including advanced aircraft batteries. Defense budgets have shifted toward military applications, increasing demand for batteries in drones, surveillance aircraft, and other defense-related aviation systems. However, commercial aviation has faced slowdowns in certain regions due to economic instability, affecting overall market growth. These factors have reshaped the aircraft battery industry’s dynamics, emphasizing supply chain resilience and technological advancements.
The lithium-ion Battery segment to maintain its leadership status throughout the forecast period
On the basis of battery type, the lithium-ion battery vehicles segment held the highest market share in 2023, accounting for more than one-third of the global aircraft battery market revenue owing to its high energy density, lightweight properties, and longer cycle life compared to traditional lead-acid and nickel-cadmium batteries. These batteries offer improved power efficiency, faster charging, and better performance, making them ideal for modern aircraft, including electric and hybrid-electric models. However, the solid-state battery segment is projected to manifest the fastest CAGR of 18.2% from 2023 to 2033, due to its higher energy density, improved safety, longer lifespan, and growing adoption in electric aircraft, enhancing efficiency and reducing maintenance costs in aviation applications.
The fixed wing segment to maintain its leadership status throughout the forecast period
On the basis of aircraft type, the fixes wing segment held the highest market share in 2023, accounting for around two-fifths of the global aircraft battery market revenue owing to its high energy density, lightweight properties, and longer cycle life compared to traditional lead-acid and nickel-cadmium batteries. These batteries offer improved power efficiency, faster charging, and better performance, making them ideal for modern aircraft, including electric and hybrid-electric models. However, the advanced air mobility segment is projected to manifest the fastest CAGR of 18.1% from 2023 to 2033, due to rising investments in electric vertical takeoff and landing (eVTOL) aircraft, increasing urban air mobility demand, and the need for high-performance, lightweight, and energy-efficient battery systems.
The OEM segment to maintain its leadership status throughout the forecast period
On the basis of sales channel, the OEM segment held the highest market share in 2023, accounting for more than half of the global aircraft battery market revenue. This was primarily due to increased aircraft production, growth in the adoption of advanced battery technologies in new aircraft models, and strong partnerships between manufacturers and battery suppliers to ensure high-quality, reliable energy solutions. However, the aftermarket segment is projected to manifest the fastest CAGR of 15.0% from 2023 to 2033, due to the rise in demand for battery replacements, increase in aircraft fleet aging, frequent maintenance requirements, and advancements in battery technology, driving airlines and operators to upgrade existing battery systems.
The auxiliary power unit segment to maintain its leadership status throughout the forecast period
On the basis of application, the auxiliary power unit segment held the highest market share in 2023, accounting for more than one-third of the global aircraft battery market revenue. This was primarily due to increased aircraft production, growing adoption of advanced battery technologies in new aircraft models, and strong partnerships between manufacturers and battery suppliers to ensure high-quality, reliable energy solutions. However, the emergency power segment is projected to manifest the fastest CAGR of 17.5% from 2023 to 2033, This is due to the growing emphasis on aviation safety, increased regulatory requirements, and rising adoption of advanced backup power solutions for critical systems.
Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/5500
North America to maintain its dominance by 2032
On the basis of region, North America held the highest market share in terms of revenue in 2023, accounting for more than one-third of the global aircraft battery market revenue owing to strong aviation infrastructure, high defense spending, and the presence of major aircraft manufacturers. Increase in the adoption of electric aircraft, technological advancements, and strict regulatory standards have fueled demand for advanced aircraft batteries in the region.
However, Asia-Pacific is expected to witness the fastest CAGR of 16.9% from 2023 to 2033, due to rising air passenger traffic, increasing defense budgets, and expanding airline fleets. Growth in investments in electric aircraft, advancements in battery technology, and strong manufacturing capabilities have contributed to the region’s rapid market expansion.
Players: –
Concorde Battery CorporationTeledyne Technologies IncorporatedSaft Groupe SASGS Yuasa GroupHBL Power Systems LimitedAMETEK, Inc.Eagle-PicherBoeingAirbusEnerSys
The report provides a detailed analysis of these key players of the global aircraft battery market. These players have adopted different strategies such as expansion and product launch to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Explore AMR’s Extensive ongoing Aerospace and Defence Domain:
Electronic Warfare Market Opportunity Analysis and Industry Forecast, 2021-2028Zero-Emission Aircraft Market Opportunity Analysis and Industry Forecast, 2030-2040Military Robots Market Opportunity Analysis and Industry Forecast, 2021-20305G in Aviation Market Opportunity Analysis and Industry Forecast, 2021-2030Missile Defense System Market Opportunity Analysis and Industry Forecast, 2021-2030Smart Weapons Market Opportunity Analysis and Industry Forecast, 2021-2030Unmanned Ground Vehicle Market Opportunity Analysis and Industry Forecast, 2021-2030Aerospace 3D Printing Market Opportunity Analysis and Industry Forecast, 2021-2030Airborne Fire Control Radar Market Opportunity Analysis and Industry Forecast, 2021-2030Navigation Satellite Systems Market Opportunity Analysis and Industry Forecast, 2021-2030
About Us:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides end-to-end solutions along with information, education, advocacy, and networking resources to SMEs and early-stage start-ups to bring excellence to their processes. In addition, we offer a nurturing environment required to develop and grow businesses, including business planning; virtual support; market intelligence; acquiring resources; and getting direct access to finance, suppliers, and other experts to boost the growth of businesses and entrepreneurs.
Our bundled and hassle-free business support systems are customized to meet the needs of SME consultants and industry leaders. Moreover, our large network of skilled consultants and experts help start-ups get the business on a roll.
Contact:
David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube |
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/aircraft-battery-market-to-reach-2-012-3-million-globally-by-2033-at-14-5-cagr-allied-market-research-302445978.html
Technology3 days ago
Technology4 days ago
Technology4 days ago