Global Aircraft Battery Market size is projected to be valued $916 Million by 2025; with a CAGR of 8.6% from 2017 to 2025. An aircraft battery is used during preflight to power up the electrical system and to start the engines and the APU (Auxiliary Power Unit). Aircraft batteries are mainly used for functions such as emergency power, ground power, improving DC bus stability, and fault clearing. There are two most common types of battery used in aircrafts system namely lead-acid and NiCd batteries. Many small private aircraft use lead acid batteries while most of the corporate and commercial aircrafts use nickel-cadmium (NiCd) batteries.
Some of the factors driving the growth of the global aircraft battery market include growing acceptance of UAVs in civil & commercial applications, growing number of aircraft deliveries, and rising implementation of more electric aircraft technology in commercial aircraft. One of the roadblocks associated with the market growth is high initial cost of battery. Moreover, acceptance of fuel cells to decrease carbon emissions and requirement of better battery management systems would create new opportunities for players in this market.
The aircraft battery market has been categorized on the basis of offering, application, aircraft technology, power density, aircraft type, end user, and geography. Offering includes product (battery and battery management system) and service (maintenance & overhaul and other services). Battery is further sub segmented as (nickel cadmium battery, lead acid battery, and lithium ion battery). Application includes auxiliary power unit (APU), propulsion, emergency, and other applications. By aircraft technology, the market is sub segmented into hybrid aircraft, traditional aircraft, more electric aircraft, and electric aircraft. By power density, the market is separated into more than 300 Wh/Kg and less than 300 Wh/Kg. Aircraft type comprises civil aviation (business jets, commercial aircraft, ultra-light aircraft, and commercial helicopters), military aviation (military helicopters and military jets), and unmanned aerial vehicle (UAV). On the basis of end user, the market is divided into OEM (by component (product and service)) and aftermarket (by component (product and service)).
Global aircraft battery market, on the basis of geography is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Russia, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
Major companies operating in the global Aircraft Battery Market areGill Batteries, EnerSys, Saft, Sichuan Changhong Battery Co., Ltd., Cella Energy, GS Yuasa Corporation, EaglePicher Technologies, Kokam, Concorde Battery Corporation, and Marvel Aero International, Inc., among other.
The key takeaways from the report
Scope of the Global Aircraft Battery Market
Aircraft Technology Segments
Aircraft Type Segments
End User Segments