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Aircraft Battery Market Trends

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

Aircraft Battery Market Trends

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.

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.

Aircraft Battery Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 15
  • Tables & Figures: 348
  • Countries covered: 18
  • Pages: 210
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