A battery is a device containing one or more cells that convert chemical energy directly into electrical energy. The primary electrical system in an aircraft incorporates one or more batteries. These batteries are used during preflight to power up the electrical system and to start the auxiliary power unit and/or the engines. Once started, the APU or engines drive the generators, which then power the electrical circuits and recharge the batteries. In more futuristic applications like advanced air mobility platforms, entire subsystems of aircraft are powered by batteries.
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 dynamics of the aircraft battery market are influenced by events in the aerospace industry and global trade. With advancements in technology, the batteries that will be adopted in aircraft are expected to increase. However, the increasing adoption of more electric solutions in aircraft will reduce overall costs and drive the aircraft battery market.
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Contracts, agreements, investments, new product launches and acquisitions are among some of the key strategies adopted by the leading market players and various stakeholders to strengthen and sustain their position in the Aircraft Battery Market. For instance, In August 2022, Electric Power Systems (EPS) announced a contract award from Aura Aero to provide the battery system for the Integral E prototype and flight demonstrator. Aura Aero is bringing to market its two-seater Part 23 Integral aircraft series, with the first variant soon to be certified using a traditional combustion engine. This certified airframe will be leveraged to develop all-electric and hybrid variants known as Integral E.
These leading players have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and Asia Pacific, and Middle East.
Major players operating in the aircraft battery market include EnerSys (US), Concorde Batteries (US), Saft (France), Teledyne Battery Products (US), and EaglePicher Technologies (US) among others. These key players offer aircraft battery and services to different key stakeholders. These leading players have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and Asia Pacific, and Middle East
Saft is a global supplier of batteries and systems with critical safety applications, back-up power, and propulsion. It provides safe, innovative, and reliable technology for applications on land, at sea, and in space. Saft is a wholly owned subsidiary of TotalEnergies (France). It operates mainly through five business segments: Connected Energy, Mobility, Industrial Standby, Space & Defense, and Energy Storage Systems.
EnerSys is a leader in stored energy solutions for industrial applications. It manufactures and distributes energy systems solutions and motive power batteries, specialty batteries, battery chargers, power equipment, battery accessories, and outdoor equipment enclosure solutions to customers worldwide. The company operates through three business segments: Energy Systems, Motive Power, and Specialty.
Teledyne Battery Products, previously Gill Electric Company, produces high-quality battery products. It offers starting batteries, ground power batteries, accessories, battery chargers, and other related products for business aviation, helicopters, general aviation, and military applications. Teledyne is the wholly owned subsidiary of Teledyne Technologies (US).
Concorde Battery Corporation (Concorde) is a manufacturer of premium quality lead acid batteries. It provides valve-regulated sealed lead-acid batteries for aircraft, marine, medical, telecommunication, emergency backup, and photovoltaic applications. Concorde designs, manufactures, and certifies application-specific solutions for multiple commercial and military customers.
O EaglePicher Technologies designs, develops, and produces mission-critical power systems. It is an industry-leading producer of batteries, battery management systems, and energy devices. The company serves highly demanding requirements of the aerospace & defense and other industries. EaglePicher manufactures a diverse range of rechargeable batteries and cells, including sealed lead-acid, nickel metal hydride, nickel-cadmium, and lithium-ion batteries
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
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