Aircraft Battery Charging And Testing MarketSize and Trends

Aircraft Battery Charging and Testing Market Report Coverage

The global aircraft battery charging and testing market is estimated to be valued at US$ 652.57 Mn in 2022 and is expected to reach US$ 1120.40 Mn by 2030 at a CAGR of 7.7% between 2022 and 2030.

Statistics:

North America held dominant position in the global aircraft battery charging and testing market in 2021, accounting for 35% share, in terms of value, followed by Europe and Asia Pacific.

Figure 1: Global Aircraft Battery Charging and Testing Market Share (%), By Region, 2021

Market Trends

The growing usage of unmanned aerial vehicle (UAVs) for military tasks and responsibilities, such as object inspection, is driving the growth of the European market. Asia Pacific is anticipated to have the highest CAGR throughout the projection period due to its expanding development rate. The need to conserve land in nations like China and India, as well as the rising demand for new aircraft for both general aviation and commercial use, are driving the regional market to expand.

Lithium-ion battery segment is expected to drive the market growth during the forecast period

The market is segmented into lead-acid batteries, lithium-ion batteries, and nickel-cadmium batteries based on battery type. The nickel-cadmium battery segment is expected to retain its dominance up to 2030, while lithium-ion battery segment is expected to grow at fastest rate. With the assistance of important stakeholders, the aircraft industry is gradually switching from lead-acid batteries to nickel-cadmium and lithium-ion batteries as programs for new-generation aircraft are relying more on lithium-ion batteries.

Figure 2: Global Aircraft Battery Charging and Testing Market Share (%), By Battery Type, 2021