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Air Travel Surge Fuels Expansion Of Aircraft Batteries Market: A Key Catalyst Accelerating Aircraft Batteries Market Growth in 2025
Aircraft Batteries
Aircraft Batteries Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the last few years, the aircraft batteries market has seen steady expansion. The market size is set to increase from $0.74 billion in 2024 to $0.78 billion in 2025, with a compound annual growth rate (CAGR) of 5.5%. This growth during the historic period can be traced back to factors such as rising air travel, growing demand for hybrid and electric-powered aircraft, amplified military expenditures, and rising aviation emissions.
Aircraft Batteries Market Size Forecast: What's the Projected Valuation by 2029?
Anticipated to experience robust expansion in the foroming years, the aircraft batteries market is predicted to reach a value of $1.03 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.1%. This growth during the forecast period can be linked to factors such as the increase in passenger air traffic, a rising demand for new combat aircraft in emerging nations, and an intensified emphasis on curbing emissions. Noteworthy trends during this period encompass heightened voltage batteries, the creation of ultra-low maintenance batteries, technological breakthroughs, and product innovation, honing in on partnerships and collaborations, and a shift towards the usage of lithium-ion batteries.
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What Are the Drivers Transforming the Aircraft Batteries Market?
The global surge in air travel is fueling the advancement of the aircraft batteries market. Air travel, which refers to the transport of passengers and cargo by a vehicle capable of sustained and controlled flight, is expanding. This escalation in passenger traffic via air, in turn, bolsters the need for aircraft batteries. For example, a report from the International Civil Aviation Organization, a specialized United Nations agency based in Canada, revealed in May 2022 that air traveler numbers had risen by 65% and aircraft departures had seen a 30% increase between January and April 2022 compared to 2021. As a result, the global increase in air travel is acting as a significant driver for the aircraft batteries market.
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What Trends Will Shape the Aircraft Batteries Market Through 2029 and Beyond?
In the aircraft batteries market, emerging technological innovations are being observed as a leading trend. In order to solidify their presence in the market, major firms in the aircraft battery industry are centering their efforts on technology evolution and new product development. To illustrate, Ampaire, a US company specializing in hybrid-electric aircraft conversions, opted for Electric Power (EP) Systems, another US company known for energy storage systems supply, in September 2022. This was to supply propulsion battery packs for the Eco Caravan aircraft. The Cessna Grand Caravan, a nine-passenger aircraft, saw an upgrade into the hybrid-electric Eco Caravan. The EPiC energy storage system from EP Systems will be used in this Eco Caravan. Currently, other battery systems from EP Systems power various manned and unmanned aircraft, including Embraer Ipanema, Boeing CAV, NASA X-57, Diamond eDA-40, and Aurora Flight Sciences Pegasus.
Which Segments in the Aircraft Batteries Market Offer the Most Profit Potential?
The aircraft batteries market covered in this report is segmented -
1) By Type: NIMH (Nickel Metal Hydride), Nickel Cadmium (Nicd), Lithium - Ion, Other Battery Types
2) By Technology: Traditional, More Electric, Hybrid Electric, Fully Electric
3) By Platform: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles (UAVs), Advanced Air Mobility
Subsegments:
1) By NIMH (Nickel Metal Hydride): High-Capacity NIMH Batteries, Standard NIMH Batteries
2) By Nickel Cadmium (NiCd): Rechargeable NiCd Batteries, High-Rate NiCd Batteries
3) By Lithium-Ion: Lithium-Ion Polymer Batteries, Lithium Iron Phosphate Batteries
4) By Other Battery Types: Lead-Acid Batteries, Solid-State Batteries, Fuel Cell Batteries
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Which Firms Dominate the Aircraft Batteries Market by Market Share and Revenue in 2025?
Major companies operating in the aircraft batteries market include TotalEnergies SE, Eaglepicher, Teledyne Technologies Inc, HBL Power Systems Ltd, GS Yuasa, Enersys, Concorde Battery Corporation, Sion Power Corp, Mid-Continent Instruments and Avionics, Sichuan Changhong Battery Co. Ltd, High Energy Batteries Limited, Leoch International Technology Limited, Altech Batteries, China Aviation Lithium Battery Co. Ltd., Shenzhen Battery Building Industry Co. ltd., Shenzhen Resky Electronics Co. Ltd., Shenzhen Youliyuan Battery Technology Co. Ltd., Electroflight, Powervamp Ltd, Transair Flight Equipment, Custom Cells Itzehoe GmbH, Saft Company, Zavod AIT LLC, Wamtechnik Sp. z o.o, Industrias Tudor Sp De Bateriais Ltda, Acumuladores Moura S.A, Middle East Battery Company, Exide Industries Ltd, First National Battery, Monbat Batteries Plc
Which Regions Offer the Highest Growth Potential in the Aircraft Batteries Market?
North America was the largest region in the aircraft batteries market in 2024. The regions covered in the aircraft batteries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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