DUBLIN, Dec. 12, 2022 /PRNewswire/ — The “Aircraft Battery Market by Offering (Product, Service), Aircraft Type (Fixed-wing, Rotary-wing, UAV, AAM), Aircraft Technology, End User (OEM, Aftermarket), Application, Power Density, Battery Capacity and Region – Global Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.
The Aircraft Battery Market is projected to grow from USD 381 million in 2022 to USD 723 million by 2027, at a CAGR of 13.7% during the forecast period.
The aviation industry is witnessing major transformations in terms of technological advancements in aircraft models. This has given rise to improvements in the batteries used in aircraft. Increasing developments are being made to make aircraft more electric emission less.
UAV segment to witness largest market share in the forecast period
By Aircraft Type, the UAV segment is expected to growth the highest in the forecast period. UAVs are increasingly being adopted in commercial and defense industries for various applications. UAVs are being used for cargo carrying, surveillance to photography and firefighting. This surge in demand for UAVs driving the demand for the market.
More than 300Wh/kg to witness highest growth in the forecast period.
Based on Power Density, the more than 300 Wh/kg segment is witnessing the highest growth in the forecast period. With the increasing developments in electric aircraft and the need for high power density battery solutions with low weight increasing developments are being made in the more than 300Wh/kg power density batteries for adoption in aviation.
Market Dynamics
Drivers
Increasing Electrification of Aircraft
Rising Demand for Advanced Air Mobility Solutions
Increasing Deliveries of Commercial and Military Aircraft Worldwide
Restraints
Stringent Aviation Regulations Impacting Supply Chain of Aircraft Batteries
Opportunities
Advancements in Chemicals and Battery Technologies
Reduction in Battery Weight
Reduction in Maintenance and Overall Ownership Cost of Aircraft Batteries
Challenges
Frequent Replacement Requirement
Thermal Heat Discharge
Safeguarding Batteries Against Probable Operational Failures
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Aircraft Battery Market, by Offering
8 Aircraft Battery Market, by Application
9 Aircraft Battery Market, by Aircraft Technology
10 Aircraft Battery Market, by End-user
11 Aircraft Battery Market, by Power Density
12 Aircraft Battery Market, by Battery Capacity
13 Aircraft Battery Market by Aircraft Type
14 Regional Analysis
15 Competitive Landscape
16 Company Profiles
17 Appendix
Companies Mentioned
Aerovoltz
Amprius Technologies, Inc.
Concorde Battery Corporation
Cuberg
Customcells
Eaglepicher Technologies
Earthx, Inc.
Electric Power Systems
Electroflight
Enersys
GS Yuasa
H55
Inobat
Marathonnorco Aerospace
Maxamp Lithium Batteries
Mgm Compro
Molicel
Saft
Securaplane
Sichuan Changhong Battery Co. Ltd.
Sion Power
Tadiran Batteries
Teledyne Battery Products
True Blue Power
Zenlabs Energy
For more information about this report visit https://www.researchandmarkets.com/r/iosq72
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SOURCE Research and Markets
