Aircraft Battery Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Market Report Covers Global Aircraft Battery Industry Manufacturers and is Segmented by Type (Lead Acid Battery, Nickel Cadmium Battery, and Lithium-ion Battery), Aircraft Type (Commercial Aviation, Military Aviation, General Aviation, and Unmanned Aerial Vehicles), Supplier (Original Equipment Manufacturer and Aftermarket), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa).

Aircraft Battery Market Size

Aircraft Battery Market Summary
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Study Period 2018 - 2028
Base Year For Estimation 2022
CAGR > 7.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Aircraft Battery Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Aircraft Battery Market Analysis

The aircraft battery market is anticipated to register a CAGR of over 7% during the forecast period.

The COVID-19 pandemic has severely impacted the global aviation sector. In the commercial sector, passenger traffic fell dramatically in 2020 and 2021. However, the aviation industry has started to improve during 2022 and is gradually returning to its pre-COVID-19 level. According to the latest updates from IATA, ICAO, the Airports Council International (ACI), the UN World Tourism Organization (UNWTO), the World Trade Organization (WTO), and the International Monetary Fund (IMF), the international air passenger traffic in 2022 has improved compared to that of 2021. The international air passenger traffic in June 2022 increased by 229.5% compared to June 2021, and the revenue passenger kilometers (RPK) in June 2022 reached 65% of that of June 2019.

There has been a significant rise in demand for helicopters and business jets to transport medical supplies, cargo, VIPs, and charter operations. The orders and deliveries improved during 2022 compared to 2021, signifying the growth in demand for general aviation aircraft and recovering the market to its pre-COVID-19 level.

Owing to the shift toward more electric architecture, including several electrical systems used in aircraft. The aircraft require high energy storage capacity and longevity, which further generates opportunities for advancement and innovation in aircraft batteries. The astral rise in air travel, further leading to augmented demand for new aircraft and an increase in demand for unmanned vehicles in the aviation industry, also fosters the growth of the market. In the civil and commercial sectors, the use of UAVs is growing for various applications in the agriculture, mining, construction, and entertainment sectors, among others. UAVs in military sectors are used for monitoring and investigation, and commercial UAVs can be utilized in logistics. The demand for batteries in UAVs is growing as the application of UAVs is increasing in the aviation sector. The growing use of UAVs for military, civil, and commercial applications is expected to accelerate the aircraft battery market growth. The operational risk from lithium-based batteries, government rules & regulations, risk hazards, and the high initial cost of raw aircraft technologies hinder the aircraft battery market growth.

Aircraft Battery Market Trends

Li-ion Batteries Segment Projected to Grow at a High Pace During the Forecast Period

The shift toward all-electric aircraft is expected to generate demand for lithium-ion batteries in the coming years. Lithium-ion (or Li-ion) batteries are smaller in size, require low maintenance, and are environmentally safer than Nickel-cadmium (also called NiCad, NiCd, or Ni-Cd) batteries. Due to this, the use of lithium-ion batteries is likely to increase at the highest rate when compared to other types during the forecast period. Currently, lithium-ion batteries are being used in Boeing 787 Dreamliner aircraft and are also used in Airbus A380 to power its emergency lighting system. Also, Airbus decided to install Li-ion batteries in Airbus 350. In addition to commercial aircraft programs, military aircraft like Lockheed Martin F-35 Lightning II aircraft also deploy Li-ion batteries. The F-35 fighter jet utilizes Li-ion batteries for flight control actuation backup power. Furthermore, companies are developing new battery technologies that can efficiently power aircraft. For instance, in March 2022, Airbus Defence and Space announced it would be testing a new high-voltage lithium-ion battery system that will be used to power the EcoPulse demonstrator aircraft by Daher. Increasing demand for lithium ion-based batteries matched to nickel-cadmium batteries is boosting the market size of the aircraft battery market. Furthermore, the rising need for electric aircraft across commercial aviation will drive the demand for the aircraft battery market.

Aircraft Battery Market: Worldwide Airbus Aircraft Deliveries (Units), 2017 to 2021

Asia-Pacific Region is Expected to Grow at Highest CAGR During the Forecast Period

The Asia-Pacific is expected to grow at the highest growth during the forecast period owing to the robust procurement of commercial aircraft from the airlines due to the region's recovering passenger traffic. The airlines in China, India, Japan, and South Korea have huge order books for narrow-body and wide-body aircraft to aircraft OEMs as a part of fleet expansion and modernization programs. According to Boeing, the Asia-Pacific region will receive 8,595 aircraft deliveries during the 2022 - 2041 period. About 76% of the delivered aircraft are expected to be single-aisle aircraft, and approximately 50% of aircraft will be delivered to airlines in China. The recovery of domestic passenger traffic is propelling narrow-body aircraft procurement in the coming years. In addition to this, the growth in military spending of the countries in the region due to the ongoing geopolitical tensions between the countries is expected to propel the investment of the armed forces into the procurement of new-generation military aircraft to strengthen their aerial capabilities. Similarly, the proliferation of drones for commercial applications is expected to boost the growth of the market.

: Aircraft Battery Market - Growth Rate by Region (2023 - 2028)

Aircraft Battery Industry Overview

The aircraft battery market is fragmented in nature with several players holding significant shares in the market. Some of the prominent players in the aircraft battery market are Concorde Battery Corporation, GS Yuasa International Ltd, Kokam, Teledyne Technologies Incorporated, and Saft Groupe SAS. Concorde Battery Corporation is one of the major companies that provide aircraft batteries for military aircraft programs like Boeing CH-47 Chinook, Northrop Grumman EA-6B Prowler, Sikorsky CH-53K King Stallion, Boeing F/A-18 Super Hornet, and Bell Boeing V-22 Osprey, among others. Similarly, Saft Groupe SAS supports major commercial aircraft programs of Airbus and Boeing like ATR 42/72, Airbus A320, Airbus A330, Boeing 737, Boeing 777, and Embraer E-Jet 170/190 series aircraft, along with military and general aviation aircraft like Falcon 2000, Falcon 900LX, Airbus A400M and Lockheed Martin F-35, among others. Owing to the growth of commercial aviation, along with an increase in the procurement of military aircraft, the aircraft battery market is expected to grow rapidly. Also, with the ongoing electrification of aircraft, companies are developing new and advanced battery technologies. In July 2021, Rolls-Royce announced its plan to invest GBP 80 million (USD 96.91 million) by 2030 to develop new energy storage systems for eVTOLs and electric commuter aircraft. The maintenance and replacement of batteries in aircraft have also increased the demand for batteries from companies, like True Blue Power and Kokam, among others.

Aircraft Battery Market Leaders

  1. Concorde Battery Corporation

  2. GS Yuasa Corporation

  3. Kokam

  4. Teledyne Technologies Incorporated

  5. Saft Groupe SAS

*Disclaimer: Major Players sorted in no particular order

Aircraft Battery Market Concentration

Aircraft Battery Market News

  • In April 2023, BAE Systems and Heart Aerospace, a Swedish electric airplane maker, will collaborate to define the battery system for Heart’s ES-30 regional electric airplane. The battery will be the first of its kind to be integrated into an electric conventional takeoff and landing (eVTOL) regional aircraft, allowing it to operate efficiently with zero emissions and low noise.
  • In September 2022, Ampaire, a leader in electric aviation, selected Electric Power Systems (EP Systems) under an exclusive agreement to supply the propulsion battery pack for its hybrid electric upgrade of the Cessna Grand Caravan.

Aircraft Battery Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Buyers/Consumers

      2. 4.4.2 Bargaining Power of Suppliers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry


    1. 5.1 Type

      1. 5.1.1 Lead Acid Battery

      2. 5.1.2 Nickel Cadmium Battery

      3. 5.1.3 Lithium-ion Battery

    2. 5.2 Aircraft Type

      1. 5.2.1 Civil Aviation

      2. 5.2.2 Military Aviation

      3. 5.2.3 General Aviation

      4. 5.2.4 Unmanned Aerial Vehicles

    3. 5.3 Supplier

      1. 5.3.1 Original Equipment Manufacturer

      2. 5.3.2 Aftermarket

    4. 5.4 Geography

      1. 5.4.1 North America

        1. United States

        2. Canada

      2. 5.4.2 Europe

        1. United Kingdom

        2. France

        3. Germany

        4. Italy

        5. Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. South Korea

        5. Rest of Asia-Pacific

      4. 5.4.4 Latin America

        1. Brazil

        2. Rest of Latin America

      5. 5.4.5 Middle-East and Africa

        1. Saudi Arabia

        2. United Arab Emirates

        3. Qatar

        4. Rest of Middle-East and Africa


    1. 6.1 Company Profiles

      1. 6.1.1 Tesla

      2. 6.1.2 Concorde Battery Corporation

      3. 6.1.3 GS Yuasa Corporation

      4. 6.1.4 Kokam

      5. 6.1.5 Teledyne Technologies Incorporated

      6. 6.1.6 Mid-Continent Instrument Co., Inc.

      7. 6.1.7 Saft Groupe SAS

      8. 6.1.8 Sichuan Changhong Battery Co. Ltd

      9. 6.1.9 Meggitt PLC

      10. 6.1.10 ENERSYS

      11. 6.1.11 EaglePicher Technologies

      12. 6.1.12 HBL Power Systems Ltd


Aircraft Battery Industry Segmentation

A battery is a cell or combination of cells that convert chemical energy into electrical energy. The aircraft system contains two battery systems—the main battery and the auxiliary power unit. The main battery is used during preflight for activation of the aircraft's electrical system and auxiliary power unit. The main battery provides backup power in case of emergencies. It is also used to refuel the plane. The batteries used must be reliable, low weighted, durable, and lower in maintenance. Lithium-ion batteries are used in both the main and auxiliary power units.

The aircraft battery market is segmented based on type, aircraft type, supplier, and geography. By type, the market is segmented into lead acid batteries, nickel-cadmium batteries, and lithium-ion batteries. By aircraft type, the market is segmented into civil aviation, military aviation, general aviation, and unmanned aerial vehicles. By supplier, the market is segmented into original equipment manufacturers (OEMs) and aftermarket. By geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. For each segment, the market sizing and forecasts have been represented based on value (USD million).

Lead Acid Battery
Nickel Cadmium Battery
Lithium-ion Battery
Aircraft Type
Civil Aviation
Military Aviation
General Aviation
Unmanned Aerial Vehicles
Original Equipment Manufacturer
North America
United States
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Latin America
Rest of Latin America
Middle-East and Africa
Saudi Arabia
United Arab Emirates
Rest of Middle-East and Africa

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Aircraft Battery Market Research FAQs

The Aircraft Battery Market is projected to register a CAGR of greater than 7% during the forecast period (2023-2028).

Concorde Battery Corporation, GS Yuasa Corporation, Kokam, Teledyne Technologies Incorporated and Saft Groupe SAS are the major companies operating in the Aircraft Battery Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).

In 2023, the North America accounts for the largest market share in the Aircraft Battery Market.

Aircraft Battery Industry Report

Statistics for the 2023 Aircraft Battery market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Aircraft Battery analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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