The Business Research Company’s Aircraft Batteries Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Aircraft Batteries Global Market Report 2023 evaluates aircraft batteries market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global aircraft batteries market is expected to grow from $931.8 million in 2027 at a rate of 7.5%. The market is then expected to grow at a CAGR of 7.8% from 2027 and reach $1,358.9 million in 2032.
An increase in passenger air traffic is expected to propel the growth of the aircraft batteries market going forward. The growing airline passenger traffic is expected to generate higher demand for commercial airplanes, thus contributing to the demand for aircraft batteries. For instance, in July 2022, according to the International Air Transport Association, a Canada-based trade association of the world's airlines, total air traffic in May 2022 was up by 83.1%, compared to May 2021. Further, in April 2021, according to Boeing, a US-based corporation that develops, produces and markets missiles, satellites, rockets, rotorcraft, rocket boosters and telecommunications equipment, around 42,730 new jets, valued at $6.3 trillion, will be required over the next 20 years, to accommodate increasing passenger demand and impending jet retirements. Therefore, the increase in passenger air traffic is expected to drive the growth of the aircraft batteries market.
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The aircraft batteries market segments in the report are:
1) By Type: NIMH (Nickel Metal Hydride); Nickel Cadmium (Nicd); Lithium – Ion; Other Battery Types
2) By Technology: Traditional; More Electric; Hybrid Electric; Fully Electric
3) By Platform: Fixed Wing; Rotary Wing; Unmanned Aerial Vehicles (UAVs); Advanced Air Mobility
The table of contents in TBRC’s aircraft batteries market report includes:
1. Executive Summary
2. Aircraft Batteries Market Characteristics
3. Aircraft Batteries Market Trends And Strategies
4. Aircraft Batteries Market Size And Growth
5. Aircraft Batteries Segmentation
22. Aircraft Batteries Competitive Landscape And Company Profiles
23. Aircraft Batteries Key Mergers And Acquisitions
24. Aircraft Batteries Future Outlook and Potential Analysis
25. Aircraft Batteries Market, Conclusions And Recommendations
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