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The global aircraft battery market size was valued at USD 477.8 million in 2024 and is estimated to grow at a CAGR of 13.1% from 2025 to 2034. The industry is growing rapidly as airlines and manufacturers seek lighter, more efficient energy storage solutions. This development is driven by the need to cut fuel use and reduce CO2 emissions.
The industry is moving away from traditional lead-acid batteries towards advanced lithium-ion and other high-performance options. These new batteries are lighter and store more energy, which helps improve aircraft performance and reduce reliance on fossil fuels. The push for greener aviation and the development of electric and hybrid aircraft are also boosting demand for reliable, high-capacity batteries.
For instance, in October 2024, Saft, a battery manufacturer, introduced a new 28V lithium-ion battery for aviation use. This innovative battery packs more than double the energy for the same weight and 1.5 times the energy for the same volume compared to traditional lead-acid batteries. By adopting these lithium-ion batteries, aircraft can shed 20-30 kg of weight, resulting in less fuel use and lower CO2 emissions. Saft created this maintenance-free battery with its unique cell chemistry. Already, over 20,000 of these batteries are in use, proving their reliability even in tough conditions.
The aircraft battery market is shifting towards advanced, high-energy-density technologies such as lithium-ion and solid-state batteries. These innovations are set to improve aviation by enabling more sustainable and efficient flight operations. As the industry focuses on fuel efficiency and reducing carbon emissions, the demand for electric and hybrid aircraft is growing. This trend drives the need for lighter batteries with longer life cycles and faster charging capabilities.
Report Attribute | Details |
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Base Year: | 2024 |
Aircraft Battery Market Size in 2024: | USD 477.8 Million |
Forecast Period: | 2025 to 2034 |
Forecast Period 2025 to 2034 CAGR: | 13.1% |
2034 Value Projection: | USD 1.6 Billion |
Historical Data for: | 2021 – 2024 |
No. of Pages: | 210 |
Tables, Charts & Figures: | 348 |
Segments covered: | Offering, capacity, power density, supplier, application |
Growth Drivers: |
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Pitfalls & Challenges: |
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The electric aviation market is changing fast, driven by important trends which is making better batteries that can store more energy while staying light. This is crucial for electric planes to fly farther and more efficiently. Scientists are improving lithium-ion batteries and developing new types like solid-state batteries. The industry also wants batteries that last longer and cost less to run, making electric planes more practical for commercial use. There's more money being spent on getting new technologies certified and making sure they're safe for flying.
Another trend is creating better electric power systems. Manufacturers are working on ways to make electric engines work better and be less complicated. All these changes are pushing the market towards cleaner and more efficient flying, helping to reduce pollution from aviation.
For instance, in June 2024, magniX, a company specializing in electric aviation, unveiled its new Samson battery. This battery, designed specifically for electric aircraft, meets aviation regulations and industry standards. The company claims that Samson offers a fully integrated electric powertrain optimized for aerospace use, particularly for electric engines. With its impressive energy density of 300 watt-hours per kilogram and a lifespan of over 1,000 full-depth discharge cycles, the Samson battery is expected to significantly cut operating costs for electric aircraft.
High costs of advanced battery technologies can make adoption difficult, especially for smaller operators. Current batteries also can't match jet fuel's energy density, limiting flight ranges. Strict safety regulations create another obstacle, as new battery technologies must pass rigorous tests. Growing interest in sustainable aviation and the shift towards electric and hybrid aircraft are creating new opportunities. As industry aims to reduce carbon emissions, demand for eco-friendly solutions is rising. Advances in battery technology, like solid-state batteries, coupled with ongoing innovation and cost-cutting efforts, offer significant progress potential.
Based on offering, the aircraft battery market is segmented into product and services. The product segment is expected to grow at a CAGR of over 13% by 2034.
Based on capacity, the aircraft battery market is segmented into less than 20 AH and more than 20 AH. The less than 20 AH segment held a market share of over 57% in 2024 and is expected to grow at a lucrative pace.
North America dominated the aircraft battery market and is expected to reach a value of over USD 715 million by 2034. The U.S. market is growing rapidly, fueled by a strong push for sustainable aviation and advances in electric aircraft technology. The U.S. government and the Federal Aviation Administration (FAA) are key players in this progression. They're introducing incentives and regulations that encourage the adoption of eco-friendly aviation solutions.
Germany's thriving automotive industry, led by giants like Volkswagen and BMW, plays a key role in the electric aviation market. These companies invest in electric propulsion and battery technologies that can be adapted for aircraft. The European Union's supportive regulatory framework further boosts the market by introducing measures to cut carbon emissions and promote the use of electric aviation. This combination of industrial expertise and favorable policies creates a promising environment for electric aviation development in Germany and across Europe.
China is making rapid progress in the aircraft battery market, driven by its aim to lead in electric aviation. The country's growing focus on sustainability and eco-friendly technologies has led to significant investments in electric and hybrid-electric aircraft. These efforts reflect China's commitment to developing greener aviation solutions and positioning itself at the forefront of this emerging industry.
Japan is emerging as a key player in the aircraft battery industry. The country's focus on sustainable aviation and advanced battery technology is driving this expansion. Japanese companies are investing heavily in electric and hybrid-electric aircraft. There's also increasing interest in electric vertical takeoff and landing (eVTOL) aircraft and drones, especially for urban air mobility (UAM) solutions. This push aligns with Japan's goals of environmental sustainability and maintaining its position as a technology leader. The country's commitment to innovation in this field is likely to shape the future of aviation.
The market is fiercely competitive, with major players like Concorde Battery, EnerSys, Amprius Technologies, and GS Yuasa vying for dominance. These companies are investing heavily in research and development to advance battery technologies, including lithium-ion, solid-state, and high-energy-density options.
Their focus is on meeting the growing demand for electric aircraft and urban air mobility solutions while improving efficiency, reducing costs, and extending battery life. As the aviation industry shifts towards sustainability, competition in this market is intensifying, driving innovation and shaping the sector's future. The landscape is further defined by strategic partnerships and the need to comply with evolving regulations.
Major players operating in the aircraft battery industry are:
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Market By Offering
Market, By Capacity
Market, By Power Density
Market, By Supplier
Market, By Application
The above information is provided for the following regions and countries: