Description:The global aircraft battery market size is expected to reach USD 1065.6 Million at a steady revenue CAGR of 13.7% in 2030, according to the latest analysis by Emergen Research. Increasing deliveries of commercial and military aircraft globally can be attributed to the steady market revenue growth... moreThe global aircraft battery market size is expected to reach USD 1065.6 Million at a steady revenue CAGR of 13.7% in 2030, according to the latest analysis by Emergen Research. Increasing deliveries of commercial and military aircraft globally can be attributed to the steady market revenue growth of aircraft batteries. For instance, with 611 jet deliveries in 2021, Airbus will continue to hold the title of greatest commercial aircraft manufacturer since 2003. In 2021, their primary rival Boeing increased the globe’s fleet of aircraft by 340 jets. Boeing and Airbus are the two main manufacturers of airplanes globally. Both businesses manufacture military aircraft, rockets, satellites, communications gear, and missiles in addition to commercial aircraft. The United States accounts for more than half of Boeing's sales, with its commercial aircraft segment accounting for almost a third of total revenue. Despite having a smaller market share in North America, Airbus is more prevalent than Boeing in Europe and the Asia-Pacific area. The majority of the commercial aircraft produced by Airbus cost between USD 32 and USD 170 million each.
A recent trend in the market is the introduction of Advanced Air Mobility (AAM). AAM is a brand-new idea in aviation that uses electric Vertical Takeoff and Landing (eVTOL) aircraft to carry passengers and freight between locations that are not currently or conveniently covered by existing aviation modes or surface transit. Hybrid electric systems, batteries, or maybe hydrogen fuel cells could power EVTOL aircraft. Urban Air Mobility (UAM) is another name for AAM, even though this mode of transportation can have uses outside of densely populated areas. Cities, underserved areas, and remote locations will now have access to these aircraft, which will come in a variety of sizes, from single-passenger planes to big shuttles.
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Some Key Highlights From the Report
• On 10 October 2022, researchers believe that a new class of highly effective batteries developed by NASA can be utilized to power fully electric aircraft. Following research into solid-state batteries, which carry more energy and are lighter than industry-standard lithium-ion batteries, the U.S. space agency made the breakthrough. In addition to being less prone to overheating, fire, and charge loss over time, solid-state batteries also perform better in demanding conditions. Nevertheless, they frequently cannot discharge energy at the same rate as li-ion batteries.
• The propulsion segment is expected to account for a large revenue share over the forecast period owing to an increasing need for aircraft batteries for this purpose. Electric-powered commercial aircraft have the potential to reduce carbon dioxide emissions, but only if new technologies can provide the precise power, weight, and dependability required for a successful commercial fleet. In reality, 215 distinct types of electric-powered aircraft are already being developed internationally, and industry insiders predict that by the end of the next decade, electric airplanes will be widely used. Unmanned Aerial Systems (UAS), Urban Air Mobility (UAM) platforms, different small passenger and freight aircraft, and eventually larger commercial passenger planes can all use electric and hybrid-electric power architectures. Regardless of their shape, these new aircraft will be more efficient, quieter, secure, and eco-friendly than those that only employ traditional internal combustion engines.
• Market in North America is expected to account for the largest revenue share during the forecast period, which is attributed to increasing activities by key market players in countries in the region. In order to design, develop, and produce the battery system for the ‘SD-05,’ for instance, SkyDrive Inc., a Japanese company that creates ‘flying cars’ and ‘cargo drones,’ announced that it had partnered with Electric Power Systems, Inc., a significant provider of high-power scalable powertrains that are approved for electrified aviation with headquarters in North Logan, Utah.
• Some major companies in the global market report include SAFT, Teledyne Technologies Incorporated, Concorde Battery, Enersys, EaglePicher Technologies, GS Yuasa International Ltd., Electric Power Systems, Customcells, MGM Compro, Amprius Technologies
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For the purpose of this report, Emergen Research has segmented the global aircraft battery market on the basis of offering, aircraft technology, application, and region:
• Offering Outlook (Revenue, USD Million; 2019–2030)
o Battery Type
o Battery Management System
o Service
• Aircraft Technology Outlook (Revenue, USD Million; 2019–2030)
o Traditional... less
