Covina, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Aircraft Battery act as a buffer regulating DC network voltage which ensures acceptable power quality for connected equipment. They are also used for restarting the engines after rare cases of engine flame-out.
Growing demand for the electrically advanced technology in the commercial aircraft across the globe is the major factor driving growth of the global Aircraft Battery market. Additionally, growing aviation industry worldwide, coupled with increase in the number of aircraft deliveries across the globe are some among the major factors expected to propel growth of the global Aircraft Battery market in the near future.
Aircraft Battery market accounted for US$ 428.9 million in 2022 and is estimated to be US$ 1562.4 million by 2032 and is anticipated to register a CAGR of 13.9%. The Aircraft Battery market is segmented based on Type, Aircraft Type and Region.
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Key Highlights:
- In August 2023, Amprius launched silicon-anode battery for eVTOL (electric-vertical-takeoff-and-landing) vehicles and drones. With its energy-dense batteries flying in solar-power stratospheric uncrewed aircraft that is built by BAE and Airbus systems.
The aircraft battery market is segmented by type, application, and end user.
By type: The market is segmented into lead-acid batteries, nickel-cadmium batteries, lithium-ion batteries, and nickel-metal hydride batteries. Lithium-ion batteries are the most popular type of aircraft battery due to their high energy density, long lifespan, and low self-discharge rate.
By application: The market is segmented into commercial aircraft, military aircraft, and general aviation aircraft. Commercial aircraft account for the largest share of the aircraft battery market.
By end user: The market is segmented into OEMs and aftermarket. OEMs account for the largest share of the aircraft battery market.
Analyst View:
Rising adoption of UAV’s in commercial and civil applications worldwide has become a leading factor in target market growth. Huge investment in the military and space sectors, coupled with booming aviation sector in the emerging economies is likely to propel Aircraft Battery market growth.
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The key players operating the global aircraft battery market involves,
- Saft
- EnerSys
- Concorde Batteries
- EaglePicher Technologies
- Teledyne Battery Products.
These companies offer a wide range of aircraft batteries to meet the needs of different customers.
Here are some key trends in the aircraft battery market:
- Electrification of Aircraft: The aviation industry continued to explore the electrification of aircraft to reduce emissions, improve fuel efficiency, and reduce operating costs. This trend led to increased demand for advanced, high-performance batteries capable of powering electric and hybrid-electric aircraft.
- Lithium-Ion Dominance: Lithium-ion batteries remained the preferred choice for most electric aircraft due to their high energy density, lightweight characteristics, and reliability. Manufacturers continued to refine lithium-ion battery technology for aviation applications.
- Safety Innovations: Safety standards remained a top priority. Manufacturers were implementing advanced safety features, thermal management systems, and redundant designs to ensure the safe operation of aircraft batteries, particularly lithium-ion batteries.
- Regulatory Compliance: Regulatory bodies like the FAA (Federal Aviation Administration) and EASA (European Union Aviation Safety Agency) continued to set and enforce strict guidelines for the certification and use of aircraft batteries to ensure aviation safety.
- Sustainability: Environmental concerns were driving research into more sustainable battery technologies. Manufacturers were working on developing batteries with reduced environmental impact, including recycling and disposal.
- Energy Density Improvements: Research and development efforts were focused on enhancing the energy density of batteries to extend flight range and reduce the weight of battery systems.
- Modular Battery Systems: Modular battery designs gained popularity, allowing airlines to customize the capacity and arrangement of batteries to suit different aircraft types and mission profiles.
- Remote and Unmanned Aircraft: The growth of remote-piloted and unmanned aircraft for applications such as surveillance, cargo delivery, and agriculture created new opportunities for advanced battery technology.
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