Aviation Battery Market Forecasts to 2030 - Global Analysis by Type Aircraft Type, Component, Technology, Platform, End User and By Geography

According to Stratistics MRC, the Global Aviation Battery Market is accounted for $515.6 million in 2024 and is expected to reach $1236.8 million by 2030 growing at a CAGR of 15.7% during the forecast period due to demand for advanced battery technologies. Aviation battery is a specialized energy storage device designed for use in aircraft. These batteries power critical systems, including avionics, emergency lights, and auxiliary power units, and are essential for starting engines. Aviation batteries are engineered to meet strict safety, weight, and performance standards, ensuring reliability under extreme conditions.

According to the World Bank Group, the projected increase in global air traffic from 2.21 billion in 2007 to 4.46 billion in 2022 underscores this trend.

Market Dynamics:

Driver:

Demand for Electric Aircraft

The demand for electric aircraft is rapidly increasing due to the push for sustainable aviation solutions and reduced carbon emissions. This surge drives innovation in aviation batteries, necessitating advancements in energy density, weight reduction, and charging capabilities. As manufacturers focus on developing electric and hybrid aircraft, the aviation battery market experiences heightened growth, leading to investments in research and development, thus it boosts the growth of the market.

Restraint:

High Development Costs

High development costs in aviation battery technology pose a significant challenge for manufacturers. Research and development require substantial investment, which can slow innovation and market entry for new battery solutions. These financial barriers may limit the number of players in the market, ultimately affecting the pace of advancements and the adoption of efficient, sustainable batteries for electric and hybrid aircraft, thus it hampers the growth of the market.

Opportunity:

Cost Reduction in Battery Production

Cost reduction in battery production is a crucial factor influencing the aviation battery market. As manufacturing processes become more efficient and economies of scale are realized, the prices of key materials and technologies decline. This affordability enables manufacturers to produce advanced batteries at lower costs, making them more accessible for aviation applications. Consequently, reduced production costs stimulate investment in electric and hybrid aircraft development. Thus, it drives the growth of the market.

Threat:

Supply Chain Issues

Supply chain issues, such as disruptions in the availability of critical raw materials like lithium and cobalt, significantly impact the aviation battery market. These shortages can lead to increased production costs and delays in battery manufacturing. As a result, the overall growth of the aviation battery sector may be hindered, affecting the timely development of electric and hybrid aircraft technologies. Thus, it hinders the growth of the market.

Covid-19 Impact:

The COVID-19 pandemic significantly impacted the aviation battery market, leading to reduced air travel and a decline in demand for aircraft batteries. Supply chain disruptions hampered production, while increased focus on health and safety shifted investments towards electric and hybrid aircraft. As the industry recovers, there's a growing emphasis on sustainable aviation solutions, driving innovation in battery technology.

The fixed wing aircraft segment is expected to be the largest during the forecast period

The fixed wing aircraft segment is expected to be the largest during the forecast period due to their need for high-performance energy storage solutions. These aircraft, especially electric or hybrid models require lightweight, high-capacity batteries to support longer flight durations and increased payloads. The demand for efficient, durable batteries is pushing innovations in battery technology. As fixed-wing electric aircraft gain popularity for both commercial and military applications, they contribute to significant growth and development in the aviation battery market.

The electric aircraft segment is expected to have the highest CAGR during the forecast period

The electric aircraft segment is expected to have the highest CAGR during the forecast period due to innovations in lithium-ion and solid-state technologies. As airlines push for greener solutions, electric aviation reduces carbon emissions, creating a need for efficient, lightweight batteries. This transition is fueling growth in battery manufacturing, advanced materials, and energy storage systems, while spurring research into extended battery life and faster charging, revolutionizing the aviation industry's sustainability efforts.

Region with largest share:

North America is projected to hold the largest market share during the forecast period due to rising demand for electric and hybrid aircraft. This shift will support sustainability goals, reduce carbon emissions, and enhance operational efficiency. Advancements in battery technology, such as lithium-ion and solid-state batteries, are key enablers for this transformation. The market's growth also opens opportunities for regional manufacturers, suppliers, and job creation, fostering innovation and competitiveness in the aerospace industry.

Region with highest CAGR:

Asia Pacific is projected to witness the highest CAGR over the forecast period due to advancements in electric and hybrid electric aircraft. This shift supports the region's goals of reducing carbon emissions and promoting sustainable aviation. Increased investment in battery technology will foster innovation, improve aircraft efficiency, and lower operating costs. Moreover, the aviation battery market is expected to generate economic growth through job creation in battery manufacturing and related industries.

Key players in the market

Some of the key players in Aviation Battery Market include Amprius Technologies Inc., BAE Systems Plc, Cella Energy Limited, Concorde Battery Corp., Customcells Itzehoe GmbH, EaglePicher Technologies LLC, EnerSys, GS Yuasa Corp., HBL Power Systems Ltd., MarathonNorco Aerospace, Marvel Aero International Inc., Meggitt Plc, Mid Continent Instrument Co. Inc., Northrop Grumman Systems Corp., Sichuan Changhong Electric, Sion Power Corp., Teledyne Technologies Inc., Thales Group, The Boeing Co. and TotalEnergies SE.

Key Developments:

In August 2024, Northrop Grumman Corporation and Genohco have signed a Memorandum of Understanding (MOU) in connection with the Republic of Korea's Mine Countermeasures Helicopter (KMCH) program.

In July 2024, Northrop Grumman Corporation and Mitsubishi Electric Corporation signed a Memorandum of Understanding to develop new opportunities for mission solutions in the United States and Japan to deliver key capabilities, including electronic warfare, radar, power systems, connectivity, and communications and processing, modeling and simulation, underwater sensors and uncrewed underwater vehicles.

In April 2024, Amprius Technologies, Inc. announced a strategic partnership with Stafl Systems, a pioneer in advanced battery pack manufacturing, to offer high-performance battery solutions

Types Covered:

• Lithium Ion Batteries
• Nickel Cadmium (Ni-Cd) Batteries
• Lead Acid Batteries
• Nickel Metal Hydride (NiMH) Batteries
• Other Types

Aircraft Types Covered:

• Fixed Wing Aircraft
• Rotary Wing Aircraft
• Hybrid Aircraft
• Electric Aircraft

Components Covered:

• Battery Cells
• Battery Management Systems (BMS)
• Battery Pack Modules
• Battery Enclosures
• Other Components

Technologies Covered:

• Conventional Battery Technology
• Advanced Battery Technology

Platforms Covered:

• Conventional Aircraft
• More Electric Aircraft (MEA)
• Hybrid Electric Aircraft
• Fully Electric Aircraft

End Users Covered:

• Original Equipment Manufacturers (OEMs)
• Aftermarket
• Maintenance, Repair, and Overhaul (MRO)
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances