Global Aircraft Battery Market Outlook 2030

In aircraft, batteries are used for various functions such as for emergency power or during preflight to start the auxiliary power unit or the engines. The global aircraft battery market is anticipated to grow with a CAGR of 7.26% during the forecast period, i.e., 2021-2030. Factors such as the growing adoption of unmanned aerial vehicles (UAVs) worldwide, owing to the increasing concerns for aviation emissions, followed by the surge in shipments of different types of aircrafts, are anticipated to drive the demand for aircraft batteries, and in turn accelerate the market growth. Moreover, increasing advancements in battery technology and the rising focus to develop high-efficient batteries to meet the operational challenges of batteries in aircrafts, are also anticipated to drive the market growth. The global aircraft battery market is estimated to garner a revenue of around USD 1070 Million by the end of 2030, up from a revenue of close to USD 540 Million in the year 2020.

The global aircraft battery market is segmented by numerous segments which include segmentation by battery type, application, aircraft type, supplier, aircraft technology, power density, and by region. On the basis of battery type, the market is segmented into nickel-based battery, lead acid battery, and lithium-ion battery. The lead acid battery segment, amongst all the other segments, is anticipated to garner the largest revenue of close to USD 560 Million by the end of 2030, up from about USD 290 Million in the year 2020.

On the basis of region, the global aircraft battery market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America, out of the market in all other regions, is expected to register the largest revenue of over USD 390 Million by the end of 2030, up from USD 190 Million approximately in the year 2020.

Some of the prominent industry leaders in the global aircraft battery market that are included in our report are Teledyne Technologies Incorporated, Concorde Battery Corporation, Kokam Co., Ltd., EnerSys, Sichuan Changhong Battery Co., Ltd., Mid-Continent Instrument Co., Inc., Saft, EaglePicher Technologies, HBL Power Systems Ltd., Meggit PLC, and others.