The Aircraft Batteries Global Market Report 2023, provides comprehensive information on the aircraft batteries market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Aircraft Batteries Global Market Report 2023, the global aircraft batteries market size is expected to grow from $0.65 billion in 2022 to $0.70 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global aircraft batteries market size is expected to reach $0.93 billion in 2027 at a CAGR of 7.5%.
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Technological advancements are a key trend gaining traction in the aircraft batteries market. Major companies operating in aircraft batteries are focusing on technological advancements and developing new products to strengthen their position in the market. For instance, in September 2022, Ampaire, a US-based hybrid-electric aircraft conversion firm, selected Electric Power (EP) Systems, a US-based provider of energy storage systems, to provide propulsion battery packs for the Eco Caravan aircraft. The nine-passenger Cessna Grand Caravan was upgraded to the hybrid-electric Eco Caravan. The Eco Caravan will incorporate the EPiC energy storage system from EP Systems. Embraer Ipanema, Boeing CAV, NASA X-57, Diamond eDA-40 and Aurora Flight Sciences Pegasus are just a few of the manned and unmanned aircraft that are currently powered by other battery systems from EP Systems.
The aircraft batteries market is segmented:
1) By Battery Type: NiMH (Nickel Metal Hydride), Nickel Cadmium (NiCd), Lithium – Ion, Other Types
2) By Technology: Traditional Aircraft, More Electric Aircraft, Hybrid Aircraft, Fully Electric Aircraft
3) By Platform: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles (UAVs), Advanced Air Mobility
North America was the largest region in the aircraft batteries market in 2022.
Major Players:
The table of contents in TBRC’s aircraft batteries market report includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Aircraft Batteries Market – Macro Economic Scenario
5. Aircraft Batteries Market Size And Growth
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26. Competitive Landscape And Company Profiles
27. Key Mergers And Acquisitions
28. Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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