Global Aircraft Battery Market is estimated to reach $916 million by 2025
Global Aircraft Battery Market is estimated to reach $916 million by 2025; growing at a CAGR of 8.6% from 2017 to 2025. An aircraft has a main battery & auxiliary power unit (APU) battery. The main battery is useful in refueling the plane, also offers backup power to the aircraft in emergency power failure. Aircraft batteries assist to power the electrical system in an aircraft. Lithium ion batteries are used in main & APU batteries. Increasing demand of unmanned aerial vehicle (UAV) is expected to act as a major driver for the growth of the aircraft battery market during the forecast period. Rising number of navigational devices, electrical instruments, advanced cabin interior systems and lighting within an aircraft drive the requirement of battery. The increase in long haul flights with zero transitional stops further increases the necessity of large capacity batteries which in turn helps in the growth of the aircraft battery market.
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