Aircraft Battery Market Worth $723 million by 2027 - Exclusive Report by MarketsandMarkets™
CHICAGO, Nov. 17, 2022 /PRNewswire/ -- Aircraft Battery Market size is estimated to be USD 381 Million in 2022 and is projected to reach USD 723 Million by 2027, at a CAGR of 13.7%according to a new report by MarketsandMarkets.
- CHICAGO, Nov. 17, 2022 /PRNewswire/ -- Aircraft Battery Market size is estimated to be USD 381 Million in 2022 and is projected to reach USD 723 Million by 2027, at a CAGR of 13.7%according to a new report by MarketsandMarkets.
- The need for advanced battery technologies to meet the demanding requirements of customers and future platforms is driving the demand for the market.
- Based on aircraft type, the AAM segment of the aircraft battery market is accounted for the highest growth during the forecast period.
- These platforms require a network of advanced battery solutions as most AAM platforms are predominantly fully electric and require to handle heavy electric loads.