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Aircraft Battery Market Share

Report ID: GMI12398
Published Date: Nov 2024
Report Format: PDF

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Aircraft Battery Market Share

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.

Aircraft Battery Market Companies

Major players operating in the aircraft battery industry are:

Aerovoltz
Amprius Technologies
Changhong Battery
Concorde Battery
EaglePicher Technologies
EnerSys
GS Yuasa
HBL Power Systems
Mid-Continent Instrument
Molicel
Parker-Meggitt
Saft
SolarEdge Technologies
Teledyne Technologies
Tesla

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The global aircraft battery industry was valued at USD 477.8 million in 2024 and is estimated to grow at a 13.1% CAGR from 2025 to 2034, driven by the need for lighter and more efficient energy storage solutions.

The product segment is expected to grow at a CAGR of over 13% by 2034 due to ongoing improvements in battery technology and increasing demand for sustainable aviation solutions.

North America dominated the aircraft battery market and is expected to reach a value of over USD 715 million by 2034, fueled by a strong push for sustainable aviation and advances in electric aircraft technology.

Key players in the industry include Aerovoltz, Amprius Technologies, Changhong Battery, Concorde Battery, EaglePicher Technologies, EnerSys, GS Yuasa, HBL Power Systems, Mid-Continent Instrument, and Molicel.