The aerospace battery market was estimated at USD 164.6 million in 2021 and is likely to grow at a CAGR of 6.5% during 2022-2027 to reach USD 301.2 million in 2027.
Batteries are primarily utilized in the aerospace industry for flight preparation, starting the engine and auxiliary power units, and powering backup and emergency systems. They are critical because they provide power to the aircraft in the event of a power outage. Batteries in the aircraft must be dependable, strong, lightweight, and durable, and they must have low maintenance and low cost of ownership. Lead-acid batteries are gradually giving way to nickel-cadmium batteries and then lithium-ion batteries in the industry.