Global Commercial Aircraft Battery
Market Report
2024
the global Commercial Aircraft Battery market size is USD 184251.2 million in 2023 and will expand at a compound annual growth rate (CAGR) of 6.50% from 2023 to 2030
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Commercial Aircraft Battery market size is USD 184251.2 million in 2023 and will expand at a compound annual growth rate (CAGR) of 6.50% from 2023 to 2030
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Commercial Aircraft Battery Market Sales Revenue 2023 | $ 184251 Million |
Global Commercial Aircraft Battery Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.5% |
North America Commercial Aircraft Battery Sales Revenue 2023 | $ 73700.5 Million |
North America Commercial Aircraft Battery Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.7% |
Europe Commercial Aircraft Battery Sales Revenue 2023 | $ 55275.4 Million |
Europe Commercial Aircraft Battery Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5% |
Asia Pacific Commercial Aircraft Battery Sales Revenue 2023 | $ 42377.8 Million |
Asia Pacific Commercial Aircraft Battery Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.5% |
South America Commercial Aircraft Battery Sales Revenue 2023 | $ 9212.56 Million |
South America Commercial Aircraft Battery Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.9% |
Middle East and Africa Commercial Aircraft Battery Sales Revenue 2023 | $ 3685.02 Million |
Middle East and Africa Commercial Aircraft Battery Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.2% |
Market Split by Battery Type |
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Market Split by Application |
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Market Split by Aircraft Type |
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Market Split by Aircraft Technology |
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Market Split by Power Density |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Commercial Aircraft Battery industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Commercial Aircraft Battery Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A commercial aircraft battery is a crucial component providing electrical power for essential systems, such as avionics and lighting, when the main engines are not running. Typically rechargeable and designed for safety, these batteries ensure reliable operation and emergency power supply in various flight scenarios. The rising demand for more electric aircraft, increasing use of lightweight & advanced materials, stringent environmental regulations, advancements in battery technology, increasing adoption of electric propulsion systems, a growing number of electric & hybrid-electric aircraft projects, rising focus on aviation safety, growth in air travel & fleet expansion, initiatives by government & funding and reduction in operating costs are the major factors influencing the growth of the Commercial Aircraft Battery market.
The increasing electrification of aircraft in the Commercial Aircraft Battery market is influencing its growth. Electrification involves replacing traditional mechanical and hydraulic systems with electric components, enhancing efficiency, and reducing environmental impact. As aircraft adopt more electric systems, advanced batteries become essential for power storage and distribution. Lithium-ion batteries, particularly, are gaining prominence due to their high energy density and lighter weight. The electrification trend addresses environmental concerns and improves overall aircraft performance, driving the demand for innovative and reliable batteries in the commercial aviation sector. This shift marks a significant leap towards more sustainable and technologically advanced air travel.
For instance, Air Transport Action Group (ATAG) reported that global flights produced around 915 million tons of carbon dioxide in 2019. The global aviation industry produces around 2% of all the CO2 emissions induced by humans.
New battery technologies have significantly impacted the Commercial Aircraft Battery market. Advancements in materials, such as lithium-sulfur and solid-state batteries, enhance energy density and safety, reducing weight and improving overall aircraft efficiency. These technologies address key challenges in aviation, offering higher energy storage, longer operational life, and faster charging capabilities. The ongoing efforts to create more sustainable and environmentally friendly aviation solutions further stimulate research and investment in cutting-edge battery technologies, fostering a dynamic market for commercial aircraft batteries.
For instance, in March 2022, Airbus Defence and Space announced it would be testing a new high-voltage lithium-ion battery system that will be used to power the Eco Pulse demonstrator aircraft by Daher.
The high initial cost hinders the growth of the commercial aircraft battery market. Installing advanced and reliable battery systems for modern aircraft requires substantial upfront expenses. These costs encompass the purchase of cutting-edge battery technologies and the integration and certification processes to ensure compliance with aviation safety standards. Airlines and aircraft operators may need help to justify these initial expenditures, hindering widespread adoption. The aviation industry must address these cost barriers to foster the broader implementation of advanced battery systems, enabling enhanced safety and efficiency in commercial aircraft operations.
The COVID-19 pandemic affected the Commercial Aircraft Battery market significantly. The aviation industry faced a downturn as travel restrictions and reduced passenger demand led to decreased aircraft operations. It, in turn, impacted the demand for commercial aircraft batteries. Airlines deferred or canceled orders, affecting battery manufacturers and suppliers. The pandemic also highlighted the importance of resilient and efficient energy storage solutions in aviation. As the industry gradually recovers, there is an increased focus on incorporating advanced and reliable battery technologies to enhance safety, performance, and sustainability in commercial aircraft operations.
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The major players focus on technological advancements, product innovation, strategic partnerships, and mergers to strengthen their market presence. Stringent safety regulations and the rising demand for electric aircraft components further fuel competition, fostering a dynamic landscape in the industry.
(Source:epsenergy.com/ampaire-selects-electric-power-systems/)
Top Companies Market Share in Commercial Aircraft Battery Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2023. It accounted for around 40% of the global revenue, owing to the region's increasing demand for more fuel-efficient and environmentally friendly aviation solutions. Stringent environmental regulations and a focus on reducing carbon emissions are driving the adoption of electric and hybrid-electric aircraft, boosting the demand for advanced batteries. Additionally, established aerospace manufacturers and a supportive regulatory framework contribute to the region's prominence in the commercial aircraft battery market. The North American market is poised for continuous expansion, driven by ongoing technological advancements and a strong commitment to sustainable aviation practices.
Europe is the fastest-growing category due to the region's rising air travel demands, stringent environmental regulations, and a focus on fuel efficiency. Increased investments in electric and hybrid aircraft technologies further propel the demand for advanced batteries. The region's commitment to sustainable aviation and the adoption of electric propulsion systems contribute to the market's positive trajectory. Collaborations between aerospace companies and battery manufacturers in Europe foster innovation and drive the development of high-performance, reliable batteries for commercial aircraft. The European market is positioned for continuous growth as the aviation industry embraces cleaner and more efficient energy solutions.
The current report Scope analyzes Commercial Aircraft Battery Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
According to Cognitive Market Research, the global Commercial Aircraft Battery market size was estimated at USD 184251.2 Million, out of which North America held the major market of more than 40% of the global revenue with market size of USD 73700.48 million in 2023 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030 due to the rising demand for fuel-efficient and electric aircraft, stringent environmental regulations, and advancements in battery technology. Increased focus on reducing carbon emissions, the growing adoption of electric propulsion systems, and the need for reliable power sources contribute to market growth. As airlines seek more sustainable solutions, North America's commercial aircraft battery market is propelled by the confluence of environmental awareness and technological innovation. Stringent safety regulations and the need for reliable power sources contribute to the market's expansion, providing opportunities for innovation in battery technologies for the aviation sector in North America.
According to Cognitive Market Research, with a market value of USD 184251.2 million in 2023 and projected to expand at a compound annual growth rate (CAGR) of 5.0% from 2023 to 2030, Europe accounted for a share of over 30% of the global market size of USD 55275.36 million due to the increasing demand for fuel-efficient and environmentally friendly aircraft, regulatory emphasis on safety and energy efficiency, and the growing adoption of electric and hybrid-electric propulsion systems. Technological advancements like lightweight and high-performance batteries further boost market growth. Additionally, the rising focus on sustainable aviation and the need for reliable power sources contribute to expanding Europe's commercial aircraft battery market. Stringent environmental regulations and a growing focus on sustainable aviation further propel market expansion, with industry players innovating to meet the evolving needs of the European aviation sector.
According to Cognitive Market Research, the global Commercial Aircraft Battery market size was estimated at USD 184251.2 Million, out of which Asia Pacific held the market of more than 23% of the global revenue with market size of USD 42377.78 million in 2023 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2023 to 2030 due to the region's increasing air travel demand, rising emphasis on fuel efficiency, and stringent safety regulations. Adopting advanced technologies, such as lithium-ion batteries, is a key driver, enhancing energy density and reliability. Moreover, the region's expanding aviation industry and a focus on environmental sustainability contribute to market growth. The demand for electric and hybrid-electric aircraft also propels the market, reflecting a broader industry shift towards cleaner and more efficient aviation solutions. Key players in the region are focusing on technological advancements and strategic collaborations to capitalize on this growing market, catering to the evolving needs of the aviation sector in the Asia-Pacific region.
According to Cognitive Market Research, the global Commercial Aircraft Battery market size was estimated at USD 184251.2 Million, out of which Latin America market of more than 5% of the global revenue with market size of USD 9212.56 million in 2023 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2023 to 2030 due to the region's growing demand for air travel, increasing focus on fuel efficiency, and the rise of electric aviation technologies. Airlines in the region are investing in modernizing their fleets, leading to a higher demand for advanced and reliable battery systems. Additionally, regulatory initiatives promoting sustainable aviation contribute to the market's growth. These drivers underscore the region's commitment to enhancing aviation efficiency and environmental sustainability through innovative battery solutions. With a focus on safety and efficiency, aviation companies in Latin America are investing in advanced battery technologies to enhance aircraft performance and meet stringent regulations, contributing to the overall expansion of the commercial aircraft battery market in the region.
According to Cognitive Market Research, the global Commercial Aircraft Battery market size was estimated at USD 184251.2 Million, out of which the Middle East and Africa held the major market of more than 2% of the global revenue with market size of USD 3685.02 million in 2023 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030 due to increasing air travel demand, modernization of fleets, and stringent safety regulations. Adopting advanced technologies, such as lithium-ion batteries, enhances performance and reduces environmental impact. As airlines prioritize fuel efficiency and sustainability, the market is propelled by the demand for more efficient and eco-friendly power solutions in the aviation sector, fostering innovation and development in the commercial aircraft battery industry across the Middle East & Africa. Key players in the region are actively investing in research and development to enhance battery performance, ensuring reliable and sustainable solutions for the aviation industry.
Global Commercial Aircraft Battery Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Commercial Aircraft Battery Industry growth. Commercial Aircraft Battery market has been segmented with the help of its Battery Type, Application Aircraft Type, and others. Commercial Aircraft Battery market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, lead batteries held the major market share over the forecast period. With their reliable performance and cost-effectiveness, these batteries remain a staple in certain aviation applications.
The lithium-ion battery is the fastest-growing category over the forecast period. Lithium-ion batteries are gaining prominence in modern aircraft, enhancing efficiency and meeting the industry's growing demand for lightweight and high-performance energy storage solutions.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Commercial Aircraft Battery Industry. Request a Free Sample PDF!
According to Cognitive Market Research, propulsion holds a prominent market share. Batteries are crucial in electric and hybrid-electric aircraft, providing power for takeoff, climb, and sometimes cruise phases. This segment is driven by the growing interest in electric aviation for reduced emissions.
Auxiliary power units are the fastest-growing category over the forecast period. It involves batteries supporting non-propulsion functions like starting the main engines, providing power during ground operations, and acting as a backup during emergencies.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Commercial Aircraft Battery market report 2024 Edition by contacting our team.
According to Cognitive Market Research, commercial aircraft hold a prominent market share. In the Commercial Aircraft segment, the demand for batteries is driven by the increasing number of passenger and cargo flights, emphasizing fuel efficiency and environmental sustainability.
Military aircraft is the fastest-growing category over the forecast period. It relies on batteries for critical functions such as communication, navigation, and powering advanced avionics systems. Military requirements often prioritize high-performance and durable batteries to support mission-critical operations.
According to Cognitive Market Research, traditional held a prominent market share. It encompasses standard batteries commonly used in conventional aircraft, providing essential power for various onboard systems.
Hybrid is the fastest-growing category over the forecast period. It represents a growing trend in aviation, incorporating advanced technologies to enhance efficiency and reduce environmental impact. Hybrid aircraft technology combines traditional power sources with electric propulsion systems, offering a more sustainable and fuel-efficient alternative.
Cognitive Market Research shows less than 300 wh/kg holds a prominent market share. Batteries with less than 300 Wh/kg may cater to conventional aircraft, providing reliable power but with lower energy density.
More than 300 wh/kg is the fastest-growing category over the forecast period. Batteries exceeding 300 Wh/kg will likely target advanced electric or hybrid aircraft, offering higher energy density for increased efficiency and range.
Senior Analyst at Cognitive Market Research
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building. I fulfill data requirements with thorough research and analytics. ME and My research team provide intelligence on industry stats, market structure, company profiles/Competition Analysis, Forecast Mapping, and Recently started providing the COVID-19 Impact Analysis.
Specialties: Industry research, Company analysis, Location Strategy, Tech Research, Change Management, Process Improvement, Peer Group Benchmarking, Startup Ecosystem, Crypto Research, COVID19 Impact Analysis, etc.
https://www.epa.gov/regulatory-information-sector/construction-sector-naics-23
https://www.usace.army.mil/Missions/Civil-Works/Engineering-and-Construction/
https://www.abs.gov.au/statistics/industry/building-and-construction
https://business.gov.au/planning/industry-information/construction-industry
https://www.usitc.gov/research_and_analysis/tradeshifts/2021/footwear
Disclaimer:
Battery Type | Lead Battery, Lithium Ion Battery, Nickel Cadmium Battery |
Application | Propulsion, Auxiliary Power Unit, Emergency, Others |
Aircraft Type | Commercial Aircraft, Military Aircraft, Unmanned Aerial Vehicle (UAV) Aircraft |
Aircraft Technology | Traditional, Hybrid, Electric |
Power Density | Less than 300 Wh/kg, More than 300 Wh/kg |
List of Competitors | HBL Power Systems Ltd., Total, Saft, Concorde Battery Corporation, Tesla, Teledyne Technologies Incorporated, Enersys., Sion Power Corporation, The Boeing Company, Kokam |
This chapter will help you gain GLOBAL Market Analysis of Commercial Aircraft Battery. Further deep in this chapter, you will be able to review Global Commercial Aircraft Battery Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Commercial Aircraft Battery Market Trends North America Commercial Aircraft Battery Technological Road Map North America Commercial Aircraft Battery Market Drivers North America Commercial Aircraft Battery Market Restraints North America Commercial Aircraft Battery Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Battery Type Analysis 2019 -2031, will provide market size split by Battery Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Battery Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Aircraft Type Analysis 2019 -2031
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Chapter 13 Market Split by Aircraft Technology Analysis 2019 -2031
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Chapter 14 Market Split by Power Density Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Commercial Aircraft Battery market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Lead Battery have a significant impact on Commercial Aircraft Battery market? |
What are the key factors affecting the Lead Battery and Lithium Ion Battery of Commercial Aircraft Battery Market? |
What is the CAGR/Growth Rate of Propulsion during the forecast period? |
By type, which segment accounted for largest share of the global Commercial Aircraft Battery Market? |
Which region is expected to dominate the global Commercial Aircraft Battery Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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