Aerospace Battery Technology Market

Innovations in battery technology and its applications is one of the fastest growing markets in aerospace industry in the recent past. Aerospace battery technology is used to start the engines of aircraft or start the Auxiliary Power Unit (APU). APU allows the engine to operate independently without any ground support. However aerospace battery technology helps in electrical generation failure to create emergency until the flight landing and evacuation. These batteries are also used to restart the engines after rare case of engine flameout. The batteries also acts as buffer regulator for the DC network voltage ensuring the acceptable power to the device connected to it. As these batteries serve as crucial component of aircraft, hence they need to be maintained with proper care. Two main chemicals that are used in aircraft batteries are nickel cadmium (Ni-Cd) and lead-acid, either of the two have wide application in aviation industry. Lead acid batteries are vented or valve regulated (VRLA). Smaller aircrafts make use of Ni-Cd and valve regulated type of battery whereas bigger aircrafts make use of vented Ni-Cd type of battery. On the other hand batteries needs to be checked on the efficiency, performance, and avoid on board failures by checking on the regular maintenance services which might lead to costly delays for operators. Due to high temperature generation when batteries are used by internal parts of the aircrafts, 80% of life of the turbine is used up and hence maintenance is very important for the batteries that are used in aviation industries.
Aerospace Battery Technology Market aims to provide a comprehensive presentation of the global market for Aerospace Battery Technology, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Aerospace Battery Technology. Aerospace Battery Technology Market contains market size and forecasts of Aerospace Battery Technology in global, including the following market information:
Global Aerospace Battery Technology Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Aerospace Battery Technology market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The global aerospace battery technology market is mainly driven by its capacity to remain high energy density which means batteries with high power capacity without being bulky. Light weight batteries are considered in terms of selling points in this industry. Batteries with low self-discharge factor is mainly driving the aerospace Battery technology market. However even the batteries with the longer lifespan have driven this market. ?The need for more advanced battery technology is driven by the requirement of weight reduction and electric aircraft. Increase in the commercial aircraft, growing aircraft fleet and advancement in the technology had also driven the global aerospace battery technology market. On the other side the global aerospace battery technology is restrained by its deep discharge property and its sensitivity to high temperature.?
We surveyed the Aerospace Battery Technology companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Aerospace Battery Technology Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Aerospace Battery Technology Market Segment Percentages, by Type, 2022 (%)
Nickel-Cadmium Battery
Lead Acid Battery
Lithium-Ion Battery
Global Aerospace Battery Technology Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Aerospace Battery Technology Market Segment Percentages, by Application, 2022 (%)
Narrow Body Aircraft
Wide Body Aircraft
Very Large Aircraft
General Aviation
Helicopter
Global Aerospace Battery Technology Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Aerospace Battery Technology Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Aerospace Battery Technology revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Aerospace Battery Technology revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
GS Yuasa
Concorde Aircraft Batteries
Quallion
Aerospace Corporation
EnerSys
EaglePicher Technologies
TransDigm Group Incorporated
Outline of Major Chapters:
Chapter 1: Introduces the definition of Aerospace Battery Technology, market overview.
Chapter 2: Global Aerospace Battery Technology market size in revenue.
Chapter 3: Detailed analysis of Aerospace Battery Technology company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Aerospace Battery Technology in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.