In 2019-23, the global aviation battery market size will grow by nearly $150 million

According to the latest report released by Technavio, an international market research institution, the global aviation battery market will grow by $148 million
from 2019 to 2023.
The increasing number of electric aircraft has been identified as one of the key trends in the
aviation battery market.

Currently, aircraft manufacturers, including Boeing and Airbus, are working to develop battery-electric aircraft
with low noise and low emissions.
However, conventional batteries do not have the energy density
required to fly an aircraft.
This has encouraged companies to develop the battery technology
needed to deploy electric aircraft.
Since electric aircraft require more batteries than conventional aircraft, the successful deployment of electric aircraft will lead to an increase
in the demand for aviation batteries.
The advent of electric aircraft will also drive the demand for aviation batteries, thereby driving the growth of the market over the next five years
.

Meanwhile, the growing demand for air transport is another major factor
contributing to the growth of the market.
Over the past few years, the demand for air transport has increased rapidly, due to the increase in the number of passengers, the increase in purchasing power, and the growth of
air traffic.
Due to rapid globalization and increased cargo transportation, the demand for freight is also increasing
.
These factors will increase the demand for aircraft, thereby driving the demand
for aviation batteries.
The growing demand for air transport is expected to drive the aviation battery market to grow
at a CAGR of over 8% during the forecast period.

From the perspective of battery materials, aviation batteries are mainly divided into nickel-based batteries, lithium batteries and lead-based batteries
.
Nickel-based cables will account for the highest share
of the aviation battery market during the forecast period.
Low maintenance, high reliability and wider operating temperature range are the key characteristics
driving the growth of demand for nickel-cadmium batteries in the field of aviation batteries.

In terms of regional market, the Americas region will be the regional market with the highest share of the aviation battery market
during the forecast period.
Increasing air traffic, increasing demand for new aircraft, increasing aircraft fleet, and increasing use of drones are all contributing to the growth of
aviation batteries in the region.