NEW YORK, Nov. 30, 2023 /PRNewswire/ -- The commercial aircraft battery management system market size is expected to grow by USD 137.4 million between 2023 and 2028. However, the growth momentum of the market will progress at a CAGR of 7.98% during the forecast period. The market is segmented by Product (Centralized, Modular, and Primary and distributed), Type (Lithium-ion, Nickel-cadmium, and Lead-acid), and Geography (North America, Europe, APAC, South America, and Middle East and Africa).
The rising electrification of aviation drives market growth. Generally, various electric and hybrid-electric aircraft rely on advanced battery technology. This can be particularly observed in lithium-ion or other high-energy-density batteries. They require sophisticated battery management systems to ensure safe and efficient operation. Owing to the higher power demands, electric and hybrid-electric aircraft have more complex battery systems, which necessitates advanced BMS solutions that can manage multiple battery modules, optimize energy use, and monitor performance. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View a Free PDF Sample
The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing the report
Get a glance at the market contribution of the segments, Request a Sample
The aviation battery market size is estimated to grow at a CAGR of 7.26% between 2022 and 2027. The market size is forecast to increase by USD 317.81 million.
The fuel cells for military unmanned aerial vehicle (UAV) market size is estimated to grow at a CAGR of 9.82% between 2023 and 2028. The market size is forecast to increase by USD 232.91 million.
Commercial Aircraft Battery Management System Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 7.98%
Market growth 2024-2028
USD 137.4 million
YoY growth 2022-2023 (%)
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 36%
US, Canada, China, France, and Germany
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Acme Aerospace Inc and Avionic Instruments LLC, AXTER AEROSPACE S.L., Concorde Battery Corp., Creare LLC, EaglePicher Technologies LLC, Elithion Inc., EnerSys, Kanto Aircraft Instrument Co. Ltd., MarathonNorco Aerospace Inc., MGM COMPRO International s. r. o., Mid Continent Instrument Co. Inc., PIPISTREL doo, Silicon Engineering Pty Ltd., Thales Group, and TotalEnergies SE
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Type
Market Segmentation by Geography
Drivers, Challenges, & Trends
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
These press releases may also interest you