The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.
The Aircraft Batteries by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Aircraft Batteries, The aircraft batteries market size has grown strongly in recent years. It will grow from $0.7 billion in 2023 to $0.76 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to the rise in air travel, increase in demand for hybrid and electric propulsion aircraft, increasing military spending and increasing emissions from aviation. The aircraft batteries market size is expected to see strong growth in the next few years. It will grow to $1.01 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%.
The surge in global air travel has driven the growth of the aircraft batteries market. Air travel, involving the transportation of passengers and cargo via controlled flight, has witnessed significant growth in recent years. This increase in air passenger traffic directly correlates with a rise in the demand for aircraft batteries. For example, data from the International Civil Aviation Organization, a specialized agency of the United Nations, reveals a substantial increase in air travelers and aircraft departures between January and April 2022 compared to the previous year. Specifically, there was a 65% rise in air travelers and a 30% increase in aircraft departures during this period. Consequently, the upward trend in global air travel is fueling the demand for aircraft batteries, propelling the growth of this market segment.
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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
Top Major Players
TotalEnergies SE,
Eaglepicher,
Teledyne Technologies Inc.,
HBL Power Systems Ltd.,
GS Yuasa, Enersys
The aircraft batteries market report table of contents includes:
1. Executive Summary
- Aircraft Batteries Market Characteristics
- Aircraft Batteries Market Trends And Strategies
- Aircraft Batteries Market – Macro Economic Scenario
- Global Aircraft Batteries Market Size and Growth
- Aircraft Batteries Market Segmentation
- Aircraft Batteries Market Regional And Country Analysis
………………
- Key Mergers And Acquisitions In The Aircraft Batteries Market
- Aircraft Batteries Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Aircraft Batteries Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Aircraft Batteries Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Aircraft Batteries Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
………
Table 74: TotalEnergies SE Financial Performance
Table 75: Eaglepicher Financial Performance
Table 76: Teledyne Technologies Inc Financial Performance
Table 77: HBL Power Systems Ltd Financial Performance
Table 78: GS Yuasa Financial Performance
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