Aircraft Battery Market 2022 Outlook, Current and Future Industry Landscape Analysis 2028

Preference for Electrical Systems to Offer Promising Opportunities for Aircraft Battery Market Manufacturers

Emergence of aircrafts payload reduction is likely to witness a significant contribution from aircraft battery manufacturers in the near future. While aircraft OEMs are extending their efforts towards the development of lightweight products, aircraft battery manufacturers have been recently focusing on manufacturing batteries that are lightweight, low maintenance, and easy to operate. With growing shift towards electrical systems, demand and supply of better and advanced batteries is expected to provide promising opportunities for manufacturers in the aircraft battery market. In addition, long-term contracts with key market stakeholders is likely to be the key strategy adopted by leading players for gaining competitive edge in aircraft battery market.

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Technological Advancements to Play a Significant Role in Aircraft Battery Market Growth

Stellar increase in air travel is leading to the launch of new aircrafts, thereby driving the growth of the aircraft battery market. OEMs are working towards increasing production output for aircraft, which is likely to bode well for acceleration of aircraft battery market growth. Growing demand for unmanned aerial vehicles in civil and commercial applications is expected to significantly drive the demand and supply of aircraft battery. Increasing adoption of electric aircraft technology, especially in commercial aircrafts is anticipated to stimulate the growth of the aircraft battery market.

Rapidly increasing need for longevity and high-energy storage capacities is turning to be the major trend in the aircraft battery market. Growing need for innovative and advanced battery solutions for non-traditional aircraft is expected to create significant growth opportunities for the aircraft battery market. In addition, increasing usage of fuel cells for reducing carbon emissions and surging need for enhanced battery management systems will further create growth opportunities for aircraft battery market.

Lithium Ion Batteries to Gain Significant Traction in the Aircraft Battery Market

Compared to other batteries such as nickel cadmium batteries, lithium ion batteries are considered more efficient. Aircraft manufacturers such as Boeing exhibit surging demand for lithium ion batteries in their main batteries and APU. Rising need for electric aircraft across the commercial aviation fleet will further drive demand for lithium ion batteries in the aircraft battery market.

Rapidly Increasing Aircraft Fleet Size to Accelerate Growth of theAircraft Battery Market in Developing Regions

The aviation industry in Asia Pacific is taking immense efforts to stay at the forefront of all regions on account of rising inclination towards air travel. Narrow body aircrafts are witnessing significant demand in the APAC aircraft battery market. China has been heading towards making heavy investments in manufacturing its own aircraft by breaking the duopoly of Airbus and Boeing. This is done for reducing cost and improving its manufacturing prowess, positively impacting the growth of APAC aircraft battery market. Furthermore, surging demand for commercial aircrafts and emerging regional aircraft and increasing defense spending is likely to accelerate the growth of APAC aircraft battery market.

• Supply chain analysis, industry life-cycle study and overview
• DROTs analysis
• Attractive market segments with related growth opportunities
• Aircraft battery market size
• Supply and demand
• Forecast study and market trend
• Detailed profiling of existing and emerging market players
• Technological developments and its scope

Aircraft Battery Market Geographical Landscape Includes:

• Aircraft Battery Market of North America (Canada, U.S.)
• Aircraft Battery Market of Latin America (Rest of the Latin America, Brazil, Mexico)
• Aircraft Battery Market of Eastern Europe (Rest Of the Eastern Europe, Russia, Poland)
• Aircraft Battery Market of Western Europe (Luxembourg, Netherlands, Belgium, Nordic Countries, Spain, U.K, France, Italy, Germany)
• Aircraft Battery Market of Asia Pacific (New Zealand, Australia, ASEAN, India and China)
• Aircraft Battery Market of Japan
• Aircraft Battery Market of Middle East and Africa (North Africa, South Africa, GCC Countries, Rest of MEA)

Aircraft Battery Market Is Categorized Based on Sales Channel, Battery Type and Aircraft Type