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Aircraft Battery Market to Reach $2,012.3 million, Globally, by 2033 at 14.5% CAGR: Allied Market Research

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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.

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David Correa
United States
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Delaware 19801 USA.
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Chemours Announces Dates for Third Quarter 2026 Earnings Release and Webcast Conference Call

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WILMINGTON, Del., Oct. 21, 2026 /PRNewswire/ — The Chemours Company (“Chemours” or “the Company”) (NYSE: CC) today announced that the Company expects to issue its third quarter 2026 financial results after market on Monday, November 2, 2026.

The Company expects to hold its conference call to discuss its third quarter 2026 financial results at 8:00 a.m. Eastern Standard Time on Tuesday, November 3, 2026. The call is open to the public and can be accessed via the webcast information below. The webcast and materials can be accessed by visiting the “Events and Presentations” section of the Investor Relations section of Chemours’ website at investors.chemours.com.

Conference Call: Please visit investors.chemours.com for a link to the live webcast and to view the accompanying slides.

Replay: A webcast replay will be available at investors.chemours.com.

About The Chemours Company
The Chemours Company (NYSE: CC) is a global leader in providing industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and advanced electronics, general industrial, and oil and gas. Through our three businesses – Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials – we deliver application expertise and chemistry-based innovations that solve customers’ biggest challenges. Our flagship products are sold under prominent brands such as Opteon™, Freon™, Ti-Pure™, Nafion™, Teflon™, Viton™, and Krytox™. Headquartered in Wilmington, Delaware and listed on the NYSE under the symbol CC, Chemours has approximately 5,700 employees and 28 manufacturing sites and serves approximately 2,400 customers in approximately 110 countries. For more information, visit chemours.com or follow us on LinkedIn. 

CONTACTS:

INVESTORS
Brandon Ontjes
Vice President, Head of Strategy & Investor Relations
+1.302.773.3300 
investor@chemours.com 

NEWS MEDIA
Cassie Olszewski
Media Relations & Reputation Leader
+1.302.219.7140
media@chemours.com  

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SOURCE The Chemours Company

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AGEDB Announces Preliminary Technical Evaluation of Graph Database and AI Data Platform Opportunities

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VANCOUVER, BC, Oct. 21, 2026 /CNW/ — AGEDB Technology Ltd. (TSXV: AGET) (“AGEDB” or the “Company”) announces that it is evaluating opportunities to re-engage in its historical graph database business area through preliminary architectural design and technical assessment of potential AI data platform applications, following its entry, on September 16, 2026, into a memorandum of understanding (the “MOU”) with a Korea-listed company exploring opportunities to enter the AI sector (the “Korean Company”).

The Company previously disclosed that it had discontinued its graph database management system operations during the year ended April 30, 2025 and was seeking new business opportunities. The Company is now assessing potential opportunities to leverage its existing Apache AGE-related technology and experience. These preliminary evaluations should not be interpreted as a resumption of full-scale development or commercial operations.

Under the MOU, AGEDB and the Korean Company contemplate evaluating an integrated package combining locally installed PostgreSQL and Apache AGE relationship-analysis database technology with an AI agent. The MOU also contemplates a separate “Personal AI Operating System” evaluation track, referred to as “AGE Brain,” for potential use in user-controlled computing environments. The proposed applications remain conceptual and subject to further technical and commercial assessment.

The contemplated preliminary work includes architectural design and technical evaluation of approaches to connecting relational data with graph-based relationships and supporting AI-assisted information retrieval and analysis. The parties may consider proof-of-concept testing and pilot activities, but no timeline or commitment to undertake such activities has been established under the MOU.

The MOU has a one-year term. Except for provisions expressly identified as binding, it is non-binding and does not require either party to complete development, launch or commercialize a product, make an investment, commit personnel, pay development fees, or enter into a definitive commercial agreement. Specific project scope, deliverables, schedules, responsibilities, costs and any commercialization terms remain subject to further discussions and, where applicable, separate written agreements. Each party will bear its own evaluation costs unless otherwise agreed in writing.

The Company’s evaluation remains preliminary. No product launch, commercial revenue or definitive commercialization arrangement has been agreed, and there can be no assurance that the parties will proceed with development, that the proposed platform will be completed or commercialized, or that the Company will obtain the resources required to advance the opportunity.

AGEDB may also explore potential collaborations with AI development companies in Korea and other markets, subject to available resources and further assessment.

AGEDB Technology Ltd.

On behalf of the board of directors,

“Jungsoo Kim”
CEO

About AGEDB Technology Ltd.

AGEDB Technology Ltd. is a technology company listed on the TSX Venture Exchange under the symbol “AGET.” The Company is focused on developing and pursuing opportunities in data intelligence, graph database technology and applied artificial intelligence.

Forward-Looking Information

This news release contains forward-looking information, including statements regarding the Company’s development activities, the proposed AI data platform, potential proof-of-concept and pilot activities, and possible future collaborations and commercialization. Forward-looking information is based on management’s current expectations and assumptions and is subject to risks and uncertainties that could cause actual results to differ materially. The memorandum of understanding is generally non-binding, and there can be no assurance that the parties will proceed with or complete any development, pilot, product launch or commercial arrangement, or that AGEDB will enter into additional collaborations. Readers are cautioned not to place undue reliance on forward-looking information. AGEDB undertakes no obligation to update such information except as required by applicable securities laws.

SOURCE AGEDB Technology Ltd.

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Bose Corporation Acquires Skullcandy, Expanding Its Consumer Audio Portfolio to Reach New Audiences

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Acquisition follows a successful partnership between the two companies and advances Bose’s evolution into a multi-brand products and technology company

FRAMINGHAM, Mass. and PARK CITY, Utah, Oct. 21, 2026 /PRNewswire/ — Bose Corporation, a global leader in audio innovation and research, announced today it has acquired Skullcandy, a lifestyle audio brand known for its bold products that bring together sound, style and performance. Bose and Skullcandy have each spent decades finding new ways to bring people closer to the music they love. Together, they’ll combine Bose’s audio expertise, technology and global reach with Skullcandy’s design, understanding of its consumers and authentic community connections to create new products and experiences and accelerate growth.

The acquisition follows a multi-year partnership that has already brought Sound by Bose technology to Skullcandy earbuds and headphones. The companies have seen firsthand how their strengths can come together to create products consumers love while staying true to what makes Skullcandy special, providing a foundation to accelerate further collaboration and innovation.

With a strong position at the intersection of audio, lifestyle and culture, Skullcandy will remain a separate brand within Bose’s Premium Consumer Audio business. Skullcandy’s deep roots in boardsports, including longstanding relationships with passionate supporters of the culture and its athletes, and authentic connections across music, gaming, fitness and other communities present new ways for Bose to meaningfully connect with consumers where it has less presence today.

“For more than 60 years, Bose has been committed to delivering incredible audio experiences however and wherever people choose to listen. As we work to reach even more people, we’re expanding how we do that, not only through Bose products, but through technology partnerships and a growing portfolio of brands,” said Lila Snyder, Chief Executive Officer of Bose Corporation. “As a privately held company, we have the freedom to make bold, long-term investments in opportunities we believe in, and Skullcandy is a great example of that. They have an established, thriving brand, and together we see tremendous opportunity to create new products and experiences and reach more consumers around the world.”

“We believe this is a win for Skullcandy and our fans,” said Brian Garofalow, Chief Executive Officer of Skullcandy. “Skullcandy was born on a chairlift in Park City, Utah, over 20 years ago, and we’ve always believed great music should be part of the experiences people love. Joining Bose gives us the opportunity to make those experiences even better by bringing more of their audio expertise and technology to our products, and it opens up even more ways to take Skullcandy further.”

Bose plans to invest in Skullcandy’s continued growth, providing greater access to technology, resources, global distribution and commercial relationships while giving the brand the freedom to continue evolving in ways that are authentic to its identity and consumers. Skullcandy will continue to be based in Park City, Utah.

Bose acquired Skullcandy from a fund managed by Mill Road Capital Management LLC, a Connecticut-based private investment firm. Jones Day acted as Bose’s legal counsel. Additional information, including financial and other terms of the transaction, will remain confidential.

About Bose Corporation
Bose Corporation is a global leader in audio innovation, driven by a singular belief: sound has the power to transform the way people connect with the world. For more than 60 years, Bose has combined pioneering research, engineering excellence, and a deep understanding of human perception to create products and technologies that deliver extraordinary experiences. Through its portfolio of iconic brands, including Bose, McIntosh, Sonus faber, and Skullcandy, the company offers premium and luxury audio solutions for the home, on the go, and in the car. Bose also collaborates with leading companies across industries, extending its audio expertise and technologies into new products, platforms, and applications beyond its own brands. 

Guided by a relentless spirit of innovation and a passion for what sound makes possible, Bose continues to advance the science and art of sound while expanding its impact on everyday life. From music and entertainment to communication, wellness, and emerging applications, Bose is creating new ways for people around the world to feel more connected, inspired, and engaged through the power of sound.

About Skullcandy
Founded in 2003 on a chairlift in Park City, Utah, Skullcandy is the original lifestyle audio brand. With deep roots in action sports culture, Skullcandy creates headphones, earbuds, and speakers that deliver powerful sound, bold style, and immersive experiences. Designed to move with you—from the mountains to the streets—Skullcandy gear is built to perform and made to stand out. Learn more at www.Skullcandy.com.

Contact

Joanne Berthaume
Joanne_berthaume@bose.com

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SOURCE Bose Corporation

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