Aerospace Battery Market is Forecasted to Reach US$ 334.8 Million in 2034, Says Stratview Research
/EIN News/ -- Detroit, March 31, 2025 (GLOBE NEWSWIRE) -- The global aerospace battery market is projected to witness a growth rate of 4.9% annually from 2024 to 2034, with an anticipated size of US$ 334.8 million by 2034, according to an analysis by Stratview Research.
Stratview Research, a global market research firm, has launched a report on the global aerospace battery market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/201/aerospace-and-defense-battery-market.html#form
Report Highlights
| Market Size in 2034 (million US$) | 334.8 |
| Growth (CAGR) | 4.9% during 2024-2034 |
| Forecast Period | 2024-2034 |
| Trend Period | 2018-2022 |
| Base Year | 2023 |
| Number of Segments Covered | 4 |
| Number of Tables & Graphs | 100+ |
| Country-Level Market Assessment | 20 |
Segment Insights on the Aerospace Battery Market:
The global aerospace battery market is segmented based on aircraft type, battery type, sales channel type, and region.
Based on aircraft type - The aerospace battery market is segmented into narrow-body aircraft, wide-body aircraft, regional aircraft, general aviation, helicopters, military aircraft, and UAVs. Narrow-body aircraft continue to be the backbone of the aviation industry, favoured for their adaptability and efficiency on short- to medium-haul routes. Their appeal lies in lower operating costs and the ability to serve domestic and regional markets, where demand for air travel is consistently high. Airlines, particularly low-cost carriers, rely heavily on these planes to connect smaller airports and cater to routes with moderate passenger volumes. This segment of the market is essential for handling the bulk of global air traffic. Wide-body aircraft are poised for significant growth in the years ahead. These planes are designed for long-haul travel, offering larger seating capacities and enhanced passenger comfort. Their development aligns with the increasing globalization of economies, the rising popularity of international travel, and the growing demand for premium travel experiences. With technological advancements such as lighter composite materials and more fuel-efficient engines, wide-body aircraft are becoming more economical to operate, reducing barriers to their adoption.
Based on the battery type – The market is segmented into nickel-cadmium, lithium-ion, and lead-acid batteries. Lithium-ion batteries are poised to experience the fastest growth in the aerospace industry over the next few years, driven by their superior energy density, reduced weight, and increasing adoption in advanced aircraft designs. However, nickel-cadmium batteries are expected to remain dominant during this period, valued for their robustness, reliability, and established use across a wide range of aircraft models. The industry is steadily moving away from lead-acid batteries toward more efficient options like nickel-cadmium and lithium-ion, a transition supported by major stakeholders aiming to enhance performance and sustainability.
To know the most attractive segments, click here for a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/201/aerospace-and-defense-battery-market.html#form
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that North America is expected to remain the largest region in the aerospace battery market during the forecast period. This growth outlook is majorly attributed to the following:
- Driven by its strong track record in adopting and implementing modern technologies.
Meanwhile, the Asia-Pacific region, particularly China and India, will likely experience the fastest market recovery. The C919 commercial aircraft program, along with the establishment of Boeing and Airbus assembly facilities in China and the ongoing shift of OEM production from North America and Europe to Asia-Pacific, is expected to support a robust long-term demand for aerospace batteries in the region.
Aerospace Battery Market Drivers:
Some of the key drivers listed in the report are given below.
- Increasing demand for electric and hybrid-electric aircraft, advancements in battery technologies, and stringent aviation regulations promoting fuel efficiency.
- Growing air traffic, rising defense expenditures, and the need for lightweight, high-performance energy storage solutions.
Top 5 Companies in the Aerospace Battery Market:
The aerospace battery market is highly consolidated, with the presence of a handful of players. Most of the major players compete in some of the governing factors, including price, service offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players (arranged alphabetically).
- Concorde Battery Corporation
- EnerSys
- GS Yuasa Corporation
- Saft Groupe S.A.
- Securaplane Technologies, Inc.
What Deliverables Will You Get in This Report?
| Key questions this report answers | Relevant contents in the report |
| How big is the sales opportunity? | In-depth analysis of the Aerospace Battery Market |
| How lucrative is the future? | Market forecast and trend data and emerging trends |
| Which regions offer the best sales opportunities? | Global, regional, and country-level historical data and forecasts |
| Which are the most attractive market segments? | Market segment analysis and forecast |
| Who are the top players and their market positioning? | Competitive landscape analysis, Market share analysis |
| How complex is the business environment? | Porter’s five forces analysis, PEST analysis, Life cycle analysis |
| What are the factors affecting the market? | Drivers & challenges |
| Will I get the information on my specific requirements? | 10% free customization |
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
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About us –
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
Are you looking for any specific data customized to your objectives? We are just a mail away.
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Visit : www.stratviewresearch.com
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