The Latest Aircraft Battery Industry Statistics Explained
The global aircraft battery market size was valued at USD 667.8 million in 2020.
The statistic indicates that the total value of the global aircraft battery market in 2020 was USD 667.8 million. This value reflects the total revenue generated from the sales of aircraft batteries worldwide during that year. The market size is an important metric used to gauge the overall health and growth potential of the industry. The figure provides insight into the scale and economic significance of the aircraft battery market, highlighting its size and importance within the broader aviation sector. Understanding the market size can help stakeholders, such as investors, manufacturers, and policymakers, make informed decisions and strategic plans related to the aircraft battery industry.
The aircraft battery market is projected to grow at a CAGR of 7.3% during the period 2020-2027.
The statement indicates that the aircraft battery market is expected to experience a Compound Annual Growth Rate (CAGR) of 7.3% from 2020 to 2027. This growth rate serves as a measure of the average annual growth of the market over the specified period, showcasing the potential expansion and opportunities within the industry. A CAGR of 7.3% suggests a steady and consistent growth trajectory over the years, signaling positive prospects for companies operating within the aircraft battery market and indicating a potentially increasing demand for aircraft batteries during this timeframe.
The North American region dominated the global aircraft battery market with a share of 32.7% in 2020.
The statistic ‘The North American region dominated the global aircraft battery market with a share of 32.7% in 2020’ indicates that North America accounted for the largest portion of the global market for aircraft batteries in that year, holding a share of 32.7%. This suggests that North America had a significant influence on the overall performance and trends within the industry during that period. Factors such as technological advancements, regulatory environment, and market demand likely contributed to North America’s strong presence in this sector. This statistic highlights the importance of the region in the aircraft battery market and may have implications for market strategies, investment decisions, and future developments in the industry.
Asia-Pacific is predicted to grow at the fastest CAGR of 8.2% during forecast period 2020-2027.
The statistic indicates the predicted Compound Annual Growth Rate (CAGR) of the Asia-Pacific region for the period 2020-2027. A CAGR of 8.2% suggests that the economy of the Asia-Pacific region is expected to expand at an average annual rate of 8.2% during this time frame. This growth rate outpaces that of other regions, pointing towards a potential surge in economic activity, investment opportunities, and market expansion in the Asia-Pacific region. Companies looking to invest or expand their operations may find this statistic significant as it highlights the region’s potential for high growth and profitability compared to other global regions.
The lead-acid battery type dominated the aircraft battery market with a share of 61.2% in 2020.
The statistic indicates that in the year 2020, the lead-acid battery type held a significant market share of 61.2% in the aircraft battery market. This suggests that lead-acid batteries were the most commonly used type of battery for aircraft applications during that period. The dominance of lead-acid batteries could be attributed to factors such as their established presence in the market, reliability, cost-effectiveness, and compatibility with aircraft systems. This statistic highlights the preference for lead-acid batteries among aircraft operators and manufacturers, showcasing the importance of this battery type in sustaining the aviation industry’s power needs.
The commercial aviation sector accounted for the largest share of 52.3% in the aircraft battery market in 2020.
In 2020, the commercial aviation sector held the highest proportion, representing 52.3% of the total market share within the aircraft battery industry. This statistic suggests that more than half of the demand for aircraft batteries in that year came from commercial airlines operating passenger and cargo flights. The significance of this finding indicates the strong reliance of commercial aviation on batteries for powering various electrical systems onboard aircraft. Additionally, it reflects the size and influence of the commercial aviation sector within the market, highlighting its importance in driving the growth and development of aircraft battery technology and solutions.
Electric aircrafts are expected to significantly contribute to the growth of aircraft battery market during the forecast period.
The statistic suggests that electric aircraft are projected to have a substantial impact on the aircraft battery market over a specified period of time. This forecast indicates that the adoption and utilization of electric aircraft will lead to increased demand for batteries used in these aircraft, fueling growth within the market. As electric aircraft continue to evolve and gain traction in the aviation industry, their reliance on advanced battery technology for power storage and efficiency will drive market expansion. This prediction highlights the potential shift towards more sustainable and eco-friendly aviation solutions, shaping the future landscape of the aircraft battery market.
The global aircraft battery market is expected to reach USD 835 Million by 2027.
This statistic indicates that the global aircraft battery market is projected to grow significantly and is expected to reach a total value of USD 835 million by the year 2027. This growth forecast suggests an increasing demand for aircraft batteries, likely driven by factors such as the expansion of the aviation industry, technological advancements in battery materials and energy storage capabilities, and an increasing focus on sustainability and efficiency in aircraft operations. The continued growth of the market reflects the importance of reliable and high-performing batteries in ensuring the safe and efficient operation of aircraft, highlighting the potential opportunities for businesses operating within the aircraft battery sector.
Saft Groupe S.A., a key player, accounted for the largest share in the aircraft battery market in 2020.
The statistic indicates that in 2020, Saft Groupe S.A. held the dominant position in the aircraft battery market in terms of market share. Saft Groupe S.A. is considered a major player in the industry, with a significant portion of the market under its control. This suggests that Saft Groupe S.A. had the highest sales volume or revenue compared to its competitors within the aircraft battery market during the specified time period. As a leader in the industry, Saft Groupe S.A. likely has a strong brand presence, quality products, and a competitive advantage that have enabled it to capture a substantial portion of the market share in 2020.
The military aviation segment is expected to grow by 9.3% CAGR during 2020-2027.
The statistic stating that the military aviation segment is expected to grow by a compound annual growth rate (CAGR) of 9.3% during the period of 2020 to 2027 indicates the anticipated average annual rate of increase in the market size for military aircraft and related services over the specified timeframe. This growth rate reflects the industry’s potential for expansion and investment opportunities in this sector. Factors such as increasing defense budgets, technological advancements, geopolitical tensions, and the need for modernization of military fleets could be driving this projected growth in military aviation. By highlighting the CAGR figure, the statistic provides a useful measure for stakeholders to understand the pace and scale of growth expected in the military aviation segment over the specified time horizon.
The fixtures & fittings application segment accounted for 43.9% of total aircraft battery market share in 2020.
In 2020, the fixtures & fittings application segment within the aircraft battery market held a significant share of 43.9%, indicating that a substantial portion of the market demand and usage was attributed to this specific application area. This statistic suggests that the need for batteries in aircraft fixtures and fittings, such as lighting, electronics, and other onboard equipment, was substantial and played a crucial role in driving the overall market dynamics. The strong market presence of this segment underscores the importance of reliable battery power for ensuring the functionality and efficiency of various aircraft systems and components, ultimately highlighting the significance of batteries in supporting the operations and safety of modern aircraft.
Nickel-cadmium batteries are expected to witness significant growth, growing at a CAGR of 8.0% during forecast period 2020-2027.
The statistic indicates that the nickel-cadmium battery market is projected to experience substantial expansion over the period spanning from 2020 to 2027, with a compounded annual growth rate (CAGR) of 8.0%. This suggests that the demand for nickel-cadmium batteries is anticipated to steadily increase each year at a consistent rate during the forecast period. Factors contributing to this growth could include the rising adoption of electric vehicles, renewable energy storage solutions, and various electronic devices that rely on rechargeable batteries. Overall, the forecast points towards a promising outlook for the nickel-cadmium battery industry, with expectations of significant market growth in the coming years.
The lithium-based batteries segment is projected to register the fastest growth in the aircraft batteries marketa CAGR of 9.5% from 2020 to 2027.
The statistic indicates that the lithium-based batteries segment within the aircraft batteries market is expected to experience substantial growth with a compound annual growth rate (CAGR) of 9.5% from 2020 to 2027. This suggests that there is an increasing demand for lithium-based batteries in the aviation industry, possibly due to their higher energy density and longer lifespan compared to traditional batteries. The projected growth rate signifies a significant opportunity for manufacturers and suppliers operating in this segment, highlighting the potential for advancements in technology and innovation within the aircraft battery market.
The aircraft battery market in Europe is expected to grow at a CAGR of 6.7% during the forecast period.
This statistic indicates that the aircraft battery market in Europe is projected to experience a Compound Annual Growth Rate (CAGR) of 6.7% over a specific forecast period. This means that the market for aircraft batteries is expected to expand at an average annual rate of 6.7% during this period. Such growth suggests an increasing demand for aircraft batteries in the European market, likely driven by factors such as the rise in air travel, advancements in aircraft technology requiring more sophisticated batteries, and an increasing focus on energy efficiency and sustainability. This projection can be used by industry stakeholders to make informed decisions and strategic planning for investments, production, and marketing strategies within the aircraft battery sector.
Over 40% of aircraft batteries market revenues are attributed to sales of Ni-Cd (Nickel-Cadmium) batteries.
The statistic stating that over 40% of aircraft batteries market revenues are attributed to sales of Ni-Cd (Nickel-Cadmium) batteries indicates that a significant portion of the market is dominated by the sales of this particular type of battery technology. This suggests that Ni-Cd batteries are popular and widely used in the aviation industry, possibly due to their specific characteristics such as high energy density, reliable performance, and proven track record. The statistic highlights the importance and influence of Ni-Cd batteries in the aircraft batteries market, likely making them a key player in the industry in terms of revenue generation.
OEMs dominates the global aircraft battery market holding more than 60% of the overall market share in 2020.
This statistic indicates that Original Equipment Manufacturers (OEMs) are the dominant players in the global aircraft battery market, with a market share exceeding 60% in 2020. This suggests that a significant majority of the market is controlled by the companies that manufacture aircraft batteries directly, as opposed to aftermarket suppliers or other players in the industry. The strong market presence of OEMs signifies their established reputation, technological expertise, and likely preference by aircraft manufacturers for their products. This statistic highlights the competitive landscape of the aircraft battery market and underscores the importance of OEMs in shaping the industry dynamics.
North American countries, especially the U.S., are home to the world’s most prominent aircraft battery manufacturers.
The statistic indicates that North American countries, particularly the United States, are leading in the global aircraft battery manufacturing industry. This suggests that the region is home to the most well-known and influential companies that specialize in producing batteries for aircraft applications. This could be attributed to factors such as advanced technology, research and development capabilities, infrastructure, and a history of innovation in the aerospace sector. The prominence of North American companies in this field signifies their significant market share, expertise, and likely dominance in supplying high-quality batteries for airplanes and other aerospace vehicles worldwide.
By 2026, annual installations of aircraft batteries are likely to surpass 200 thousand units.
The statistic indicates a projected increase in the annual installations of aircraft batteries, with the expectation that by the year 2026, the number of units installed per year will exceed 200 thousand. This suggests a growing demand for aircraft batteries, likely driven by factors such as the expanding global aviation industry, advancements in electric aircraft technology, and increasing emphasis on sustainability and energy efficiency. The forecasted growth in installations signals a significant market trend that stakeholders in the aviation and battery industries should take note of, as it could have implications for production, supply chains, and overall market dynamics.
In 2020, the market for aircraft batteries in Middle East & Africa was valued at over USD 39 Million.
The statistic stating that the market for aircraft batteries in the Middle East & Africa was valued at over USD 39 million in 2020 indicates the total monetary worth of sales or revenue generated from the trading of aircraft batteries within the specified region during that year. This figure serves as a quantitative measure of the economic activity and demand for aircraft batteries in the Middle East & Africa region, reflecting the level of investment and usage of these batteries within the aviation industry. The statistic provides insight into the market size, growth potential, and opportunities present in the region for aircraft battery manufacturers, suppliers, and other stakeholders involved in this sector.
Growing at a CAGR of 3.5%, the auxiliary power unit application segment is expected to reach USD 220 million in terms of value by 2027.
The statistic indicates that the auxiliary power unit application segment is forecasted to experience a Compound Annual Growth Rate (CAGR) of 3.5% over a specified period, resulting in an anticipated value of USD 220 million by the year 2027. This growth rate suggests a steady and consistent increase in the value of the auxiliary power unit market within this specific application segment. The CAGR metric provides a measure of the annual growth rate over time, allowing for a projection of future market size based on historical data and expected trends. This information is valuable for companies and investors looking to understand the potential growth and opportunities in the auxiliary power unit market.
References
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