Aircraft Battery Global Market Report 2022: Reduction in Maintenance and Overall Ownership Cost of Aircraft Batteries to Drive Adoption

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Dec 12, 2022, 14:15 ET

DUBLIN, Dec. 12, 2022 /PRNewswire/ -- The "Aircraft Battery Market by Offering (Product, Service), Aircraft Type (Fixed-wing, Rotary-wing, UAV, AAM), Aircraft Technology, End User (OEM, Aftermarket), Application, Power Density, Battery Capacity and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The Aircraft Battery Market is projected to grow from USD 381 million in 2022 to USD 723 million by 2027, at a CAGR of 13.7% during the forecast period.

The aviation industry is witnessing major transformations in terms of technological advancements in aircraft models. This has given rise to improvements in the batteries used in aircraft. Increasing developments are being made to make aircraft more electric emission less.

UAV segment to witness largest market share in the forecast period

By Aircraft Type, the UAV segment is expected to growth the highest in the forecast period. UAVs are increasingly being adopted in commercial and defense industries for various applications. UAVs are being used for cargo carrying, surveillance to photography and firefighting. This surge in demand for UAVs driving the demand for the market.

More than 300Wh/kg to witness highest growth in the forecast period.

Based on Power Density, the more than 300 Wh/kg segment is witnessing the highest growth in the forecast period. With the increasing developments in electric aircraft and the need for high power density battery solutions with low weight increasing developments are being made in the more than 300Wh/kg power density batteries for adoption in aviation.

Market Dynamics

Drivers

Increasing Electrification of Aircraft
Rising Demand for Advanced Air Mobility Solutions
Increasing Deliveries of Commercial and Military Aircraft Worldwide

Restraints

Stringent Aviation Regulations Impacting Supply Chain of Aircraft Batteries

Opportunities

Advancements in Chemicals and Battery Technologies
Reduction in Battery Weight
Reduction in Maintenance and Overall Ownership Cost of Aircraft Batteries

Challenges

Frequent Replacement Requirement
Thermal Heat Discharge
Safeguarding Batteries Against Probable Operational Failures

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Aircraft Battery Market, by Offering

8 Aircraft Battery Market, by Application

9 Aircraft Battery Market, by Aircraft Technology

10 Aircraft Battery Market, by End-user

11 Aircraft Battery Market, by Power Density

12 Aircraft Battery Market, by Battery Capacity

13 Aircraft Battery Market by Aircraft Type

14 Regional Analysis

15 Competitive Landscape

16 Company Profiles

17 Appendix

Companies Mentioned

Aerovoltz
Amprius Technologies, Inc.
Concorde Battery Corporation
Cuberg
Customcells
Eaglepicher Technologies
Earthx, Inc.
Electric Power Systems
Electroflight
Enersys
GS Yuasa
H55
Inobat
Marathonnorco Aerospace
Maxamp Lithium Batteries
Mgm Compro
Molicel
Saft
Securaplane
Sichuan Changhong Battery Co. Ltd.
Sion Power
Tadiran Batteries
Teledyne Battery Products
True Blue Power
Zenlabs Energy

For more information about this report visit https://www.researchandmarkets.com/r/iosq72

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Research and Markets
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[email protected]

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SOURCE Research and Markets