The global single-aisle aircraft market is expected to reach $222.20 billion by 2030, growing at a 12.5% CAGR.

The Asia-Pacific region is the largest market for single-aisle aircraft, with Europe expected to lead in growth.

The aerospace foam market is expected to reach USD 9.7 billion by 2032, growing at a 6.50% CAGR from 2023-2032, driven by demand for fuel-efficient aircraft.

The global demand for new aircraft is expected to reach 43,610 in 20 years, with North America needing 9,160.

China is expected to demand 8,700 new aircraft in the next 20 years, mostly single-aisle planes.

The Asia-Pacific region, Europe, and North America account for 80% of global low-cost airline capacity, driven mainly by intra-regional short-haul travel.

The Middle East is expected to need 3,000 commercial planes by 2041, costing $765 billion.

The global civil aviation fleet is expected to surpass 49,000 by 2040, with 45,000 new fuel-efficient aircraft.

The demand for fuel-efficient aircraft is driving the development of new technologies, including electrification, for sustainability.

BASF SE and Huntsman Corporation are key companies investing in next-generation fuel-efficient aircraft development.

The turbofan engines segment is expected to lead in growth due to its higher efficiency and reduced emissions.

The commercial aircraft segment holds the largest market share in the aerospace foam market.

The Middle East's air passenger traffic is expected to grow 3.7-4% annually, driving demand for new aircraft and fuel-efficient technologies.

The aerospace industry is driven by trends towards sustainability, including demand for fuel-efficient aircraft.

Next-generation aircraft are being developed with advanced materials.

Digitalization and connectivity in aircraft is driving growth in the aerospace industry.

Electrification of aircraft systems is a growing trend to reduce carbon footprint.

Manufacturers' expanding global reach is driving industry growth.

Fleet modernization with single-aisle aircraft is driven by a preference for shorter flights.

The aviation industry targets zero emissions by 2050, with 88% of companies adopting sustainability strategies.

Government support is needed to accelerate sustainability, with $2 billion invested in aviation research in 2022.

GE Aerospace is testing sustainable aviation fuel and hybrid electric powertrains with NASA.

The aircraft maintenance market is expected to grow 11.5% globally in 10 years, driven by sustainability discussions.

Investing in workforce and operational efficiency is crucial for aircraft maintenance success.

Air New Zealand aims to fly zero-emissions planes by 2026.

The company's Mission NextGen Aircraft strategy includes options to order up to 23 planes from each partner.

The new planes will be powered by electric, green hydrogen, or hybrid energy, such as the all-electric Eviation Alice.

Boeing is investing $3 billion to develop eco-friendly planes and decarbonize aviation by 2050.

The company is introducing sustainable fuels and working with the US Space Agency to develop high-efficiency aircraft.

France is investing heavily in eco-friendly aircraft, including engine and biofuel development.

The country aims to produce 500,000 tons of biofuel annually by 2030.

The French government has allocated $50 million for hybrid or electric aircraft start-ups.

The aerospace market is shifting towards sustainability, led by companies like Boeing and Air New Zealand.

By 2040, 45,000 new aircraft worth $2.9 trillion are expected, with 70% being single-aisle jets.

China has a 20% share in aircraft deliveries.

80% of existing passenger aircraft will be retired by 2040, necessitating new, more efficient planes.

Boeing expects the Middle East to need 3,000 new aircraft by 2042.

Global airlines will need 42,595 new aircraft by 2042.

Riyadh Air ordered 72 Boeing 787 Dreamliners, set to launch in 2025.

Boeing predicts 2.2 million new personnel will be needed in global aviation by 2042.

The aviation industry aims for net zero emissions by 2050 with more sustainable aircraft.

Saudi Arabia ordered 121 Boeing aircraft worth $35 billion.

Boeing will deliver 111 aircraft to Riyadh Air and Saudi Airlines.

Boeing forecasts 41,170 new aircraft deliveries over 20 years, mostly single-aisle aircraft.

The company expects 3.8% passenger and 4.1% cargo growth.

Airbus targets 720 commercial aircraft deliveries in 2023.

The company has a backlog of over 7,200 aircraft.

The A350 offers 25 per cent less fuel burn and CO2 emissions.

Airbus aims to develop zero-emission aircraft by 2035.

The global aircraft seating market is expected to reach $8.7 billion by 2027, growing at a 6.8% CAGR.

The narrow-body aircraft segment is the fastest-growing in the aircraft seating market, led by North America.

The global sustainable aviation fuel market is expected to reach $2987.5 million by 2027, growing at a 72.4% CAGR.

North America is expected to drive growth in sustainable aviation fuel due to government initiatives and airline adoption.

Airlines are adopting sustainable aviation fuels to reduce their carbon footprints due to rising air traffic and high fuel efficiency.

The global aviation fuel market is expected to exceed $325 billion by 2026, driven by sustainable aviation fuels.

Sustainable jet fuel is three to four times more expensive than conventional jet fuel.

Major players like Gevo and Trafigura are investing in sustainable aviation fuels, indicating a growing trend towards sustainability.

The aviation sector accounts for 12% of transport energy demand, dominated by fossil fuels.

The International Civil Aviation Organization aims for low-carbon jet fuel that is at least 10% less carbon-intensive than commercial jet fuel.

Boeing forecasts 41,170 new aircraft deliveries over the next 20 years.

The global single-aisle aircraft market is expected to reach $222.20 billion by 2030, growing at a 12.5% CAGR.

The Asia-Pacific region is the largest in the single-aisle aircraft market, driven by growing demand for air travel.

Europe is expected to lead in growth, followed by the Middle East and Africa, driven by demand for fuel-efficient aircraft and airline expansion.

The COVID-19 pandemic has accelerated safety and hygiene measures and next-generation fuel-efficient aircraft development.

Narrow-body aircraft are expected to show the highest growth.

North America will dominate the market, accounting for 23% of new aircraft deliveries.

Boeing and Airbus are well-positioned to capitalize on future demand for fuel-efficient and environmentally friendly aircraft.

The global aircraft market is expected to grow significantly, driven by next-generation fuel-efficient aircraft, with Boeing and Airbus well-positioned to capitalize.

The global demand for new aircraft is expected to reach 43,610 in 20 years, with North America requiring 9,160.

China is expected to need 8,700 new aircraft in 20 years, amid a 70% global cargo fleet expansion by 2040.

The world will need 19,000 civilian aircraft worth $3.2 trillion, including 2,390 regional jets, by 2040.

By 2040, aircraft demand is expected to be 32,660 for single-aisle and 7,670 for wide-body.

The global civil aviation fleet will surpass 49,000 and Asia Pacific's passenger share will reach 21% by 2040.

The aircraft refurbishing market is expected to reach $7.89 billion by 2030, with a 7.49% CAGR and the wide-body segment at 9.1% CAGR.

Narrow-body aircraft refurbishing is in high demand, driven by an 8.5% CAGR in passenger-to-freighter conversions and a 46.85% market share for passenger seats.

North America dominated the global aircraft refurbishing market in 2020, with the Asia Pacific region expected to grow at 9.4% CAGR.

The global single-aisle aircraft market is expected to reach $222.20 billion by 2030, growing at a 12.5% CAGR.

Title:

Content: Friday, 08 September 2023 05:25 GMT

Global Single-Aisle Aircraft Market Is Projected To Reach The Value Of $222.20 Billion By 2030 X Herald

(MENAFN- Ameliorate Digital Consultancy) According to the latest report by Virtue Market Research, in 2022, the Global Single-Aisle Aircraft Market was valued at USD 86.6 billion and is projected to reach a market size of USD 222.20 billion by 2030. Over the forecast period of 2023-2030, the market is projected to grow at a CAGR of 12.5%.

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A prominent long-term driver for the Single-Aisle Aircraft market is the growing global demand for air travel. Even though the COVID-19 pandemic had a severe impact on the aviation industry, the long-term trend remains robust. The demand for single-aisle aircraft is fueled by several factors, including the expansion of low-cost carriers, increasing urbanization, and rising middle-class populations in emerging economies.

The COVID-19 pandemic had an unprecedented impact on the aviation sector, leading to grounded fleets, reduced passenger demand, and financial strain on airlines. This setback prompted airlines to rethink their fleet strategies, with some deferring aircraft orders and retiring older aircraft to cut costs. Additionally, the pandemic accelerated the adoption of safety and hygiene measures in aircraft cabins, leading to increased investments in cabin air filtration and touchless technologies.

A notable short-term driver for the Single-Aisle Aircraft market is the rebound in domestic and regional air travel. As countries reopen their borders and vaccination efforts progress, there is a growing preference for shorter flights, leading to increased demand for single-aisle aircraft. Airlines are reactivating grounded aircraft and placing orders for new, fuel-efficient models to meet this surge in regional travel.

An exciting opportunity in the Single-Aisle Aircraft market is the development of next-generation, fuel-efficient aircraft. With a growing emphasis on sustainability and reducing carbon emissions, aircraft manufacturers are investing in research and development to create more eco-friendly models. This includes the use of advanced materials, aerodynamic improvements, and more efficient engines. Airlines that invest in these next-gen aircraft can not only reduce their environmental footprint but also benefit from lower operating costs in the long run.

One of the prominent trends observed in the Single-Aisle Aircraft industry is the rise of digitalization and connectivity. In-flight Wi-Fi, entertainment systems, and integrated passenger services are becoming standard features in modern single-aisle aircraft. Airlines are leveraging these trends to enhance the passenger experience and gain a competitive edge. Additionally, digitalization plays a crucial role in aircraft maintenance and operations, helping airlines optimize their fleet performance and reduce downtime.

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Segmentation Analysis:

The global Single-Aisle Aircraft Market segmentation includes:

By Type of Aircraft: Narrow-Body, Wide-Body, Regional Aircraft

Among these, the Narrow-Body aircraft category stands out as the largest segment. These aircraft are designed for short to medium-haul flights and are favored by airlines for their versatility and cost-efficiency. Narrow-Body aircraft are well-suited for both domestic and international routes, making them the preferred choice for many carriers.

In terms of growth, the Narrow-Body segment takes the lead yet again. The market for Narrow-Body aircraft is witnessing significant expansion due to the increasing demand for regional and domestic travel. Airlines are looking to replace older aircraft with more fuel-efficient and environmentally friendly Narrow-Body models, driving the growth of this segment.

By Engine Type: Turbofan, Turboprop

Among these categories, Turboprop engines are the largest segment. These engines are commonly found in regional aircraft that operate shorter routes and require a different set of performance characteristics compared to their Turbofan counterparts. Turboprop engines are known for their fuel efficiency and reliability, making them a preferred choice for regional carriers.

However, when it comes to growth, Turbofan engines take the lead. The demand for Turbofan-powered Single-Aisle Aircraft is on the rise, driven by the need for higher efficiency, reduced emissions, and greater operational range. Airlines are increasingly opting for Turbofan engines in their narrow-body aircraft to meet the growing demand for longer-haul regional and international flights.

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Regional Analysis:

The Single-Aisle Aircraft market spans across variregions, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Each of these regions has its unique characteristics and influences on the market.

Asia-Pacific emerges as the largest region in this segment. This region encompasses numerfast-growing economies, a burgeoning middle class, and a robust travel and tourism industry. As a result, airlines in Asia-Pacific have been expanding their fleets to meet the increasing demand for air travel. With a foon domestic and regional routes, narrow-body aircraft have been particularly favored in this region, contributing to its leadership in the Single-Aisle Aircraft market.

In terms of growth, Europe takes the lead. Despite being a mature aviation market, Europe is experiencing a surge in demand for narrow-body aircraft, primarily due to the need for more fuel-efficient and environmentally friendly options. European airlines are increasingly looking to modernize their fleets with state-of-the-art single-aisle aircraft, thereby driving the growth of this segment in the region.

The Middle East & Africa region also shows promise in terms of growth, driven by the emergence of airlines in the Middle East as major global players. These airlines are expanding their networks and investing in modern, fuel-efficient narrow-body aircraft to meet the growing demand for long-haul travel.

North America, with its well-established aviation industry, continues to be a significant market for single-aisle aircraft. While it may not be the fastest-growing region, North America remains a stable and vital market for these aircraft, catering to both domestic and international routes.

South America, although a smaller market compared to the other regions, also contributes to the demand for single-aisle aircraft. Airlines in South America are focusing on modernizing their fleets to enhance operational efficiency and reduce emissions.

Latest Industry Developments:

  • One of the key strategies adopted by companies is a strong emphasis on fuel-efficient and environmentally friendly aircraft. With the aviation industry facing increasing pressure to reduce carbon emissions, manufacturers are investing in the development of next-generation single-aisle aircraft with improved fuel efficiency. This includes the use of advanced materials, aerodynamic design enhancements, and the incorporation of more fuel-efficient engines. Furthermore, there is a growing trend towards the electrification of aircraft systems, including electric taxiing systems and more electric aircraft architectures. These innovations aim to reduce the overall carbon footprint of single-aisle aircraft, aligning with global sustainability goals.
  • To enhance their market share, aircraft manufacturers are expanding their global reach and customer base. They are targeting emerging markets with fast-growing air travel demand, such as Asia-Pacific and the Middle East. These regions represent significant opportunities for fleet expansion, especially with narrow-body aircraft designed for short- to medium-haul routes. Another trend is fleet modernization. Airlines, particularly in mature markets like North America and Europe, are retiring older aircraft and replacing them with state-of-the-art single-aisle aircraft. This trend is driven by the need to improve operational efficiency, reduce maintenance costs, and enhance passenger comfort. Manufacturers that offer the latest technology and fuel-efficient options have a competitive advantage in this regard.
  • Connectivity and digital solutions are becoming increasingly important in the aviation industry. Airlines are seeking aircraft equipped with advanced connectivity options to enhance the passenger experience, provide in-flight entertainment, and enable seamless inteaccess. Manufacturers are responding by integrating cutting-edge connectivity solutions into their single-aisle aircraft offerings. Additionally, the use of data analytics and predictive maintenance has gained prominence. Airlines are leveraging data from their aircraft to optimize operations, reduce downtime, and lower maintenance costs. Aircraft manufacturers are incorporating these features into their products to meet the demand for data-driven solutions.

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Virtue Market Research stands at the forefront of strategic analysis, empowering businesses to navigate complex market landscapes with precision and confidence. Specializing in both syndicated and bespoke consulting services, we offer in-depth insights into the ever-evolving interplay between global demand and supply dynamics. Leveraging our expertise, businesses can identify emerging opportunities, discern critical trends, and make decisions that pave the way for future success.

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The Asia-Pacific region is the largest market for single-aisle aircraft, with Europe expected to lead in growth.

The aerospace foam market is expected to reach USD 9.7 billion by 2032, growing at a 6.50% CAGR from 2023-2032, driven by demand for fuel-efficient aircraft.

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Content: There were 1,497 press releases posted in the last 24 hours and 458,636 in the last 365 days.

Aerospace Foam Market is Expected to Reach USD 9.7 Billion by 2032, with a CAGR of 6.50% – Report by Market Research Future (MRFR)

Aerospace Foam Market Research Report Information By Material (PU Foams, PE Foams, Melamine Foams, PMI/Polyimide Foams, and Others), By End Use (Commercial Aircraft, Military Aircraft, and General Aviation), By Application (Aircraft Seats, Aircraft Floor Carpets, Flight Deck Pads, Cabin Walls and Ceilings, Overhead Stow Bins, and Others (Aircraft Prototypes, Galleys and Lavatories)), and By Region (North America, Europe, Asia-Pacific, and Rest Of The World) – Market Forecast Till 2032

/EIN News/ -- New York (US), June 13, 2023 (GLOBE NEWSWIRE) -- Aerospace Foam Market Overview

Market Research Future (MRFR) states that the "Aerospace Foam Market Research Report Information By Material, End Use, Application & Region - Market Forecast 2032" the Aerospace Foam Market is poised to escalate from USD 5.5 billion in 2022 to USD 9.7 billion by 2032, growing at a 6.50% CAGR during the assessment period (2023-2032). The aerospace foam market is likely to garner significant traction. The continuous expansion of the aerospace industry would create vast market demand.

The aerospace industry harbors the goal of improving fuel efficiency. When labor and operating costs continue to rise, reducing fuel costs can increase profitability and stable competitiveness for passenger airlines. To meet the challenges of rising operating costs and ever-increasing demands for cost savings, enhanced performance, and sustainability, aircraft manufacturers adopt lightweight materials.

Foaming protects materials against abrasion, temperature, moisture, impact, and corrosion. Using foam reduces overall weight, enhancing fuel economy, insulation, sound absorption, and corrosion resistance. The aerospace foam industry is continuously seeking more eco-friendly business practices to minimize their environmental impact in terms of sustainability and cost-effectiveness. The factors listed above allow aircraft manufacturers to reduce fuel consumption.

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The recent upsurge in the unrest surrounding air travel and the rising desire for lightweight, fuel-efficient aircraft are the key market drivers enhancing the market growth. In addition, aerospace foam is utilized extensively as a component of coatings, paints, and adhesives in residential and commercial properties, boosting the market's growth. Governments globally are implementing stricter fuel consumption standards for aircraft.

Key Companies in the Aerospace Foam market include

  • BASF SE
  • Huntsman Corporation
  • Armacell
  • BOYD Corporation
  • Evonik Industries
  • Sabic
  • Rogers Corporation
  • Zetofoams PLC
  • General Plastics Manufacturing Company
  • ERG Materials
  • Among others.

Report Scope:

Report Attribute Details
Market Size 2032 USD 9.7 Billion
Compound Annual Growth Rate (CAGR) 6.50% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Forecast Units Value (USD billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered By Type, Application, and Region
Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Market Dynamics Increasing commotion across air travel in recent years and the increasing demand for lightweight and fuel-efficient aircraft

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Segments

The global aerospace foam market report is segmented into materials, applications, end uses, and regions. The material segment is sub-segmented into PU, PE, Melamine, PMI/Polyimide Foams, and others. The PU foams segment holds the largest market share due to the product's broad range of applications. PU foams are utilized as insulation for aircraft's baggage areas, ceilings, walls, and partitions between class sections & restrooms.

The end-use segment is sub-segmented into commercial, military, and general aviation. The commercial aircraft segment holds the largest market share due to the expanding global air travel. Additionally, the expansion of low-cost carriers increases the demand for foams.

The application segment is sub-segmented into aircraft seats, floor carpets, flight deck pads, cabin walls & ceilings, overhead stow bins, and others (aircraft prototypes, galleys, and lavatories). Of these, the cabin walls & ceilings segment holds a leading market share due to the extensive use of aerospace foam, particularly PU foam, in aircraft chassis.

With the fastest growth rate and largest revenue share, the segment is expected to continue to rise during the projected period. By regions, the aerospace foam market is segmented into the Americas, Europe, Asia-Pacific, MEA, and the rest of the world. North America accounts for the extensive market share, while APAC exhibits the highest CAGR.

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Regional Analysis

North America dominates the global aerospace foam market due to the upsurge in PU foam sales in the region. Besides, high consumer disposable income and luxurious living conditions in the US and Canada boost the aerospace foam market size. The US is a major contributor to the regional market, headed by the increasing aircraft demand across the nation over the last decade. Also, the presence of major aircraft manufacturers in the US substantiates the aerospace foam market revenues.

Europe accounts for the second-largest share of the global aerospace foam market. The vast increase in aircraft demand and overall airplane shipments due to the rising number of tourists visiting the continent in recent years has pushed the regional market demand. Germany holds the largest market share, while the UK is the fastest-growing market for aerospace foams in the region. The European aerospace foam market is predicted to grow steadily during the projected period.

The Asia-Pacific region perceives rapid growth in the aerospace foam market. The steady rise in air travelers and the demand for stronger yet lighter materials to increase aircraft fuel economy in developing nations drive market growth. A major growth driver behind the market growth will be the development of the aerospace industry in China, India, Korea, and Taiwan.

Additionally, increased economic growth has led to stimulated investments in the aircraft industry and increased air travel in the region. China holds the largest share, whereas India is the fastest-growing market for aerospace foams. The APAC aerospace foam market is anticipated to grow during the forecast period.

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Competitive Landscape

There are numerous players operating in the global aerospace foam market. These players lead the market owing to their product differentiation, strategic developments, financial stability, and diversified regional presence. Leading market players are involved in developing awareness campaigns and establishing innovative products, which are predicted to promote the growth of the market.

The players concentrate on supporting research and development. They embrace strategic approaches, such as product development & introduction, joint ventures (JVs), and partnerships, to strengthen their market position and capture an extensive customer base.

For instance, On Jun. 15, 2022, 3A Composites Core Materials announced the acquisition of the TegraCore foam business. TegraCore polyphenylsulfone (PPSU) thermoplastic resin-based foam is lightweight, recyclable, and with fire-retardant properties for complex shapes, which will become part of a portfolio under the name Airex TegraCore.

With its fire-retardant properties, Airex TegraCore foam can meet the requirements of demanding environmental conditions and complex shapes. Airex foam includes products such as Airex R82 and T90 foams, coring for fire, smoke, and toxicity (FST) applications. The acquisition will enhance the already high-end portfolio of 3A Composites, reinforcing its offering and allowing further developments in targeted markets, such as aerospace, marine, and rail.

Prominent players in the global aerospace foam market are Huntsman Corporation, BASF SE, Armacell, Evonik Industries, BOYD Corporation, Sabic, Rogers Corporation, General Plastics Manufacturing Company, Zetofoams PLC, and ERG Materials, among others.

Discover more research Reports on Chemical Industry, by Market Research Future:

Bronze Market Research Report Information By Type (Aluminum Bronze, Phosphor Bronze, Silicon Bronze, Manganese Bronze, Leaded Bronze, Others), By Process (Bronze Casting, Bronze Forging, Bronze Extrusion, Others), By End-Use (Architecture, Marine, Automotive & Transportation, Electrical & Electronics, Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030.

Metal Grating Market Research Report Information by Product Type (Bar Grating and Safety Grating), By Material Type (Carbon Steel, Aluminum, Stainless Steel, Galvanized Steel, and Others), End-User (Water & Wastewater Treatment Industry, Chemical Industry, Oil & Gas, Food Industry, and Others) And Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

Magnesium Chloride Market Research Report Information by Form (Liquid and Flakes), Grade (Industrial, Food & Pharmaceutical), Application (Deicing Agent, Dust Suppressant, Chemicals & Derivatives, Building Materials, Pharmaceuticals, Food & Feed and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2030

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What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

The global demand for new aircraft is expected to reach 43,610 in 20 years, with North America needing 9,160.

Title:

Content: China surging news reported on the 15th, the United States Boeing released the 2021 version of the "Civil Aviation Market Forecast" report on the 14th, noting that basically, the global market is recovering according to the company's 2020 expectations.
The recovery in domestic air travel demand is leading the trend, with the interregional market expected to recover with the relaxation of hygiene and travel restrictions, and eventually remote international travel will return to pre-pandemic levels in 2023-2024.
In the next 20 years, the demand for new aircraft will reach 43,610, the highest in the North American market is 9,160, and the demand in China is 8,700.
The report pointed out that the economic recovery has laid the foundation for a rebound in air passenger traffic, and the future prospects for air passenger traffic will remain stable.
Looking forward to 2025, GDP will increase by more than 15% compared to 2019, and GDP per capita will increase by about 10%.
The 21-year average passenger flow growth from 2019 to 2040 is expected to be 4%, in line with last year ’ s forecast, indicating that the basic global demand for air transport has not changed.
The report predicts that due to cyclical and structural market dynamics, the future air cargo market demand is strong, and full cargo aircraft is a significant growth area, including original cargo aircraft and modified cargo aircraft are forecast to increase from the previous year.
Thanks to the growth of e-commerce and the speed and reliability of air cargo, the world cargo fleet will increase from about 2,000 in 2019 to about 3,400, and the sustainable demand for air cargo will increase the global cargo fleet by more than 70% compared to the pre-pandemic size by 2040.
Notably, the report predicts that the world will need 19,000 civilian aircraft worth $3.2 trillion in the next 10 years, and demand for more than 43,500 new aircraft worth $7.2 trillion in the 20-year period to 2040, an increase of about 500 over the previous year ’ s forecast.
Among them, as of 2040, the demand for regional jets is 2,390, single-aisle aircraft 32,660, wide-body aircraft 7670, wide-body cargo aircraft 890, and aircraft demand totals 43,610.
The North American market has the highest demand, at 9,160, and the Chinese demand is 8,700.
This demand will lead to a 3.1% annual growth in the global active fleet, with the global civil aviation fleet set to surpass 49,000 by 2040, China, Europe, North America and Asia Pacific each accounting for 20% of new aircraft deliveries, with the remaining 20% going to emerging markets.
Traffic disruptions have a significant impact on aircraft deliveries and active fleets due to the pandemic. The report anticipates that the civil aviation industry will need more than 7,500 new wide-body aircraft by 2040 to meet fleet renewal and long-term growth in demand in the remote passenger and cargo market.
These demand increased slightly from the previous year, but decreased by 8% from 2019.
At present, single-aisle aircraft account for nearly 64% of the global passenger fleet, and single-aisle aircraft account for the largest proportion of new aircraft deliveries, roughly in line with pre-pandemic forecasts, accounting for 75%, and demand for more than 32,500 aircraft over the next 20 years.
The report notes that global demand for new single-aisle aircraft is driven by the size and flexibility of single-aisle aircraft.
In the future, these new single-aisle aircraft will continue to promote the development of low-cost airlines and provide the needed alternatives for older, less efficient aircraft.
The three regional markets for the new single-aisle aircraft are Asia Pacific, Europe and North America, which account for more than 80% of global low-cost airline capacity in 2019 and throughout the forecast period.
In addition, the report predicts long-term growth in the short-haul market, especially in emerging markets, and predicts that intra-regional short-haul travel accounts for more than half of the industry ’ s total growth demand, with inbound travel alone accounting for 17% of the industry ’ s new capacity.
Historically, excursions have been spurred by improved services, such as new direct routes and lower fares through low-cost airlines.
The report predicts that the share of Asian airlines in the global market will continue to increase, with China ’ s passenger share expected to grow from 15% in 19 years to 20% in 2040, and Asia Pacific ’ s passenger share expected to grow from 18% in 19 years to 21%.
# Growth # Planes # Forecasts # Future # Markets

China is expected to demand 8,700 new aircraft in the next 20 years, mostly single-aisle planes.

The Asia-Pacific region, Europe, and North America account for 80% of global low-cost airline capacity, driven mainly by intra-regional short-haul travel.

The Middle East is expected to need 3,000 commercial planes by 2041, costing $765 billion.

Title:

Content: Money and Business
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$765 billion over 20 years.
Boeing says Middle East will need 3,000 commercial planes
Boeing has revealed that passenger traffic in the Middle East and commercial aviation fleet traffic in the region is expected to more than double over the next two decades as it announces its 20- year forecast for the commercial aviation market for 2022.
Airlines in the Middle East have been able to successfully deal with the challenges caused by the pandemic by
Modify its business models and increase the use of cargo planes to raise revenue.
Looking ahead, Boeing expects the region ’ s fleet to expand to 3,400 aircraft to serve fast-growing passenger traffic, as well as growing air freight demand.
Randy Haysey, Boeing Commercial Airplanes ’ Marketing Director for the Middle East, Africa, Russia and Central Asia, said: “The Middle East is gaining ground as a leading hub for international travellers, and the Middle East economy is growing to be the starting point and final destination for business, tourism and leisure travellers.
The demand in the region for a versatile fleet will continue to meet the requirements of the business model of all commercial airlines and air cargo. ”
Boeing forecasts that the Middle East will require 2,980 new aircraft, valued at $765 billion, for passenger and commercial services.
More than two-thirds of demand will enable growth in the region, while the remaining third will replace older aircraft with more fuel-efficient models such as the 737 MAX, 787 Dreamliner and 777X.
It is worth noting that air cargo operations by Middle East carriers have continued to grow substantially in recent years, with the region operating two of the world ’ s top five carriers.
To meet future demand, the Middle East ’ s cargo fleet is expected to reach 170 carriers by 2041, double the pre-pandemic fleet.
Boeing ’ s Middle East Commercial Aviation Market Report 2022 also includes the following projections through to 2041:
♪
Passenger traffic is expected to grow by 4% annually.
♪
Demand for wide-body aircraft continues with 1,290 deliveries to support the growing network of international airlines.
♪
The single-aisle aircraft market in the Middle East will more than double to 1,650 aircraft serving regional and international destinations.
♪
The demand for commercial after-sales services, including maintenance and repair, has reached a value of about $275 billion.
♪
The Boeing Pilot and Technical Report 2022 predicts that the region will need 202,000 aviation personnel, including 53,000 pilots, 50,000 technicians and 99,000 crew members, over the next 20 years.
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The global civil aviation fleet is expected to surpass 49,000 by 2040, with 45,000 new fuel-efficient aircraft.

Title:

Content: Cirium expects 45,000 more fuel-efficient aircraft to be delivered by 2040, worth $2.9 trillion
Cirium predicts that over the next 20 years, the world will spend $2.9 trillion on about 45,000 new aircraft.
• New aircraft expected to be delivered will replace the ageing fleet to meet projected annual growth of 3.7% in air passenger traffic
Single-aisle jets are expected to account for 70% of passenger aircraft deliveries by 2040
• China is expected to top the list with a 20% share in aircraft deliveries – the region ’ s air passenger growth is expected to exceed 6%
• Around 80% of existing passenger aircraft will be retired between 2021 and 2040
Over 3,500 freighter deliveries over the next 20 years – including new freighters and modified airliners
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An estimated 45,000 aircraft worth U.S. $2.9 trillion to be delivered by 2040.
Revealed in Cirium's new Fleet Forecast.
LONDON -- The newly released 2021 Cirium Fleet Forecast shows that around 45,000 new, more fuel-efficient aircraft will be purchased globally over the next 20 years, with an estimated $2.9 trillion in aircraft purchases.
According to the Cirium Fleet Forecast released by Ascend by Cirium, a consulting firm of aviation analytics firm Cirium, global cumulative aircraft deliveries for the next 20 years will be 4% higher than predicted a year ago by 2040.
The report outlines the positive outlook for the aviation industry and its recovery from the COVID-19 pandemic.
The COVID-19 pandemic has severely affected air travel, as well as aircraft deliveries.
Global aircraft deliveries fell by 43% - or 600 aircraft - in 2020.
Aircraft deliveries recovered somewhat in 2021, but are still 25% below 2019 levels.
Air travel is reopening as global vaccination programs become more widespread, leading to an increase of 300 aircraft deliveries in 2021 — a feat achieved when Boeing 787 was found to be problematic.
Rob Morris, Global Advisory Director, Ascend by Cirium, said: “The Cirium Fleet Forecast 2021 presents an optimistic long-term outlook for the aviation industry, which will return to a more traditional growth trajectory after 2024, although structurally different from before.
Air passenger traffic is expected to grow at an annual rate of 3.7%, so the global passenger fleet will need to increase by almost 22,000 aircraft.
“If the above projections are realized, the global passenger fleet will reach the size of about 47,200 aircraft by the end of 2040. ”
The projected delivery of new aircraft will not only meet the growing demand for air transport, but will also replace older aircraft that are less fuel efficient. "
China leads in aircraft deliveries
The number of aircraft deliveries will vary depending on the region where the airline is located, and the Asian market is expected to be the growth engine.
China is expected to lead the world with more than 6% growth in air passenger traffic – also topping the list in aircraft deliveries, accounting for 20% of the world ’ s total.
China ’ s delivery figures are significantly ahead of all other Asia-Pacific countries, which together account for 22% of the total.
North American carriers are expected to account for 20 percent, while European carriers will account for 17 percent.
The Middle East is estimated to account for 7% of the share, but because the region will deliver a large number of twin-aisle aircraft, it will account for 11% in terms of aircraft value.
Latin America, which is similar to the Middle East, will also account for 7%.
Russia and the Commonwealth of Independent States (CIS) accounted for 4%, and Africa accounted for 3%.
Most of the new deliveries will be single-aisle jets
The fleet forecast report shows that over the next 20 years, single-aisle jets will account for 70% of total aircraft deliveries and 55% of total delivery value.
The total value of newly delivered single-aisle jets is $1.6 trillion.
The mainstream model will still be the 150-seat aircraft, represented by the Airbus A320neo and Boeing 737 Max 8, which will account for 50% of deliveries.
Popular models with more than 180 seats include the A321 neo and the B737 Max 10, which will have an increasing share each year and will account for 40% of deliveries over the next 20 years.
Airbus and Boeing are expected to develop a new generation of single-aisle aircraft in the early to mid-2030s.
The $1.1 trillion dual-aisle aircraft market will be dominated by the B787 and A350 models, with 250-300-seat “medium ” aircraft accounting for about 65% of the total value delivered.
The large passenger aircraft market will be contested by the A350-1000 and the B777-9.
Aircraft deliveries in regional markets are expected to reach a scale of $150 billion.
About a third of them will be turboprop aircraft, based on 70-seat models.
Starting in 2030, a larger 90-seat model will enter the market.
Future new aircraft projects in the market include the MA700 from China and an expected new line of aircraft from Embraer.
Older models will be replaced by a new generation of aircraft.
It is predicted that about 80% of current passenger aircraft will be out of passenger service between 2021 and 2040.
As the airline industry begins to focus on driving down carbon emissions and focusing on sustainability, it will become increasingly important to replace these older, more fuel-efficient aircraft with new models.
Overall, in addition to several relatively new aircraft that are being phased out earlier, around 19,000 aircraft in the global passenger fleet will be phased out by the end of 2020.
According to analysis by Ascend by Cirium, the average economic life expectancy for single-aisle aircraft is 22 years and for twin-aisle aircraft is 20 years.
The number of freighters is growing: including new freighters and refitted freighters
As the global freight industry continues to perform strongly, freighter capacity (based on available tonnage kilometres) is expected to grow by 3.3% over 2019, with a projected supply of around 3,500 freighters over the next 20 years.
Of this total, it is expected that 30 per cent will be new freighters and 70 per cent will be converted from passenger aircraft.
About 1,050 new freighters are expected to be shipped, valued at $121 billion.
More online shopping during the epidemic period has promoted the development of e-commerce, and the growth of e-commerce has promoted the conversion of airliners to freighters.
Modification projects are focused on newer models such as the A321, B737-800, A330 and B777-300ER.
The Cirium Fleet Forecast is an independent outlook report on the global commercial passenger and cargo aircraft market, based on the industry ’ s premier combination of data and years of expertise.
Click here to download the executive summary of the Cirium Fleet Forecast 2021.
About Cirium
Cirium is a company that combines powerful data and analytics services to drive the world ’ s continued growth. With decades of industry experience, Cirium provides clients with expert insights to help companies, aircraft manufacturers, airports, airlines and financial institutions make informed business decisions that shape the future of the travel industry, improve business returns and improve customer experience. RELX PLC is the world ’ s leading provider of information and data analytics to professional and commercial customers across a wide range of industries.
Shares of parent company RELX PLC are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX.
Visit cirium.com for more information or follow Cirium ’ s LinkedIn account and WeChat account, CiriumCN.
Disclaimer: The original version of this announcement is the official authorized version. The translation is for convenience only. Please refer to the original version, the original version is the only version with legal effect.
Contacts
For media inquiries, please contact:
Cirium Media Team
Rachel Humphries / June Lee
media @ Cirium.com
The PC Agency
Paul Charles / Michael Johnson / Callum McGoldrick
Cirium @ pc.agency
Contacts
For media inquiries, please contact:
Cirium Media Team
Rachel Humphries / June Lee
media @ Cirium.com
The PC Agency
Paul Charles / Michael Johnson / Callum McGoldrick
Cirium @ pc.agency

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The aviation industry targets zero emissions by 2050, with 88% of companies adopting sustainability strategies.

Title:

Content: Aviation industry calls for accelerated support to achieve zero emissions by 2050
The survey showed that participants are unanimous in achieving and investing in sustainability
Praying for Mahmood
3: 23 PM, Thursday, 15 Jun 23
GE Aerospace has conducted a survey of 325 aviation decision-makers from six countries, including the UAE, as the aviation sector prepares to participate in the Paris Air Show next week and the Dubai Airshow next November.
The survey showed a consensus on achieving and investing in sustainability, while stressing the need to accelerate support to reach the sector ’ s overall goal of net zero emissions by 2050.
The survey, conducted by French pollster Ipsos on behalf of GE Aerospace, also showed that the vast majority of companies said they were translating their sustainability strategies into reality, with 76% of respondents believing that sustainability has radically changed the way they work in the aviation industry, and the majority of those committed to sustainability strategies indicated that their companies ’ investments in sustainability will grow or remain constant despite rising inflation and recession risks.
Almost a third of respondents (30%) considered achieving the aviation sustainability goal the biggest challenge today, surpassing supply chain (19%) and business problems (11%), reflecting the industry ’ s strong drive for sustainability, and its companies and various organizations to reach net zero carbon emissions by 2050.
The majority (88%) also reported that their companies are actually implementing sustainability strategies, and most said that these strategies have significantly or moderately affected their company ’ s work (74%), their investment (73%), and their employment policy (62%).
Allen Paxson, vice president and general manager of commercial program strategy at GE Aerospace, said the survey results demonstrate the aviation industry ’ s commitment to achieving its goal of net carbon emissions by 2050 and the need for the industry to quickly receive the necessary support from various stakeholders to reach this goal.
Together with our industry partners responsible for operating three quarters of the world ’ s flights, we understand our responsibility to address the challenges facing the aviation industry in more sustainable and efficient ways to meet the requirements of our customers. ”
While 46% of respondents said the aviation sector would achieve its goal of net zero carbon emissions by 2050, 32% said it would not, and 22% questioned the possibility of this happening.
On average, respondents said the aviation industry would meet its target by 2055 due to significant hurdles of rising costs, budget pressure, supply chain problems and energy resources.
29% of respondents chose the government as the external group exerting the most pressure to accelerate sustainability, with 61% showing a preference for incentive and policy support approaches over mandates and regulations.
The most important task for the government to achieve the 2050 target is to boost investment in sustainable jet fuel, survey respondents said.
GE Aerospace began testing sustainable aviation fuel in 2007, and today, all engines produced by the company and its partners can be powered using certified sustainable aviation fuel blends.
The company and its customers and partners are developing more efficient equipment, investing $2 billion in aviation research and development in 2022.
CFM International, a joint venture between GE and Safran aircraft engines equally, aims to reduce fuel consumption and emissions by 20% in one generation compared to existing aircraft engines, through its revolutionary Sustainable Engines Innovation Program (CFMRise).
GE Aerospace is collaborating with NASA and Boeing to develop a megawatt hybrid electric powertrain as part of its Electrified Powertrain Flight Demonstration project.
CFM International is also planning to develop a hydrogen combustion engine for ground and air tests using Airbus aircraft.
Praying for Mahmood
3: 23 PM, Thursday, 15 Jun 23

Government support is needed to accelerate sustainability, with $2 billion invested in aviation research in 2022.

Title:

Content: Aviation industry calls for accelerated support to achieve zero emissions by 2050
The survey showed that participants are unanimous in achieving and investing in sustainability
Praying for Mahmood
3: 23 PM, Thursday, 15 Jun 23
GE Aerospace has conducted a survey of 325 aviation decision-makers from six countries, including the UAE, as the aviation sector prepares to participate in the Paris Air Show next week and the Dubai Airshow next November.
The survey showed a consensus on achieving and investing in sustainability, while stressing the need to accelerate support to reach the sector ’ s overall goal of net zero emissions by 2050.
The survey, conducted by French pollster Ipsos on behalf of GE Aerospace, also showed that the vast majority of companies said they were translating their sustainability strategies into reality, with 76% of respondents believing that sustainability has radically changed the way they work in the aviation industry, and the majority of those committed to sustainability strategies indicated that their companies ’ investments in sustainability will grow or remain constant despite rising inflation and recession risks.
Almost a third of respondents (30%) considered achieving the aviation sustainability goal the biggest challenge today, surpassing supply chain (19%) and business problems (11%), reflecting the industry ’ s strong drive for sustainability, and its companies and various organizations to reach net zero carbon emissions by 2050.
The majority (88%) also reported that their companies are actually implementing sustainability strategies, and most said that these strategies have significantly or moderately affected their company ’ s work (74%), their investment (73%), and their employment policy (62%).
Allen Paxson, vice president and general manager of commercial program strategy at GE Aerospace, said the survey results demonstrate the aviation industry ’ s commitment to achieving its goal of net carbon emissions by 2050 and the need for the industry to quickly receive the necessary support from various stakeholders to reach this goal.
Together with our industry partners responsible for operating three quarters of the world ’ s flights, we understand our responsibility to address the challenges facing the aviation industry in more sustainable and efficient ways to meet the requirements of our customers. ”
While 46% of respondents said the aviation sector would achieve its goal of net zero carbon emissions by 2050, 32% said it would not, and 22% questioned the possibility of this happening.
On average, respondents said the aviation industry would meet its target by 2055 due to significant hurdles of rising costs, budget pressure, supply chain problems and energy resources.
29% of respondents chose the government as the external group exerting the most pressure to accelerate sustainability, with 61% showing a preference for incentive and policy support approaches over mandates and regulations.
The most important task for the government to achieve the 2050 target is to boost investment in sustainable jet fuel, survey respondents said.
GE Aerospace began testing sustainable aviation fuel in 2007, and today, all engines produced by the company and its partners can be powered using certified sustainable aviation fuel blends.
The company and its customers and partners are developing more efficient equipment, investing $2 billion in aviation research and development in 2022.
CFM International, a joint venture between GE and Safran aircraft engines equally, aims to reduce fuel consumption and emissions by 20% in one generation compared to existing aircraft engines, through its revolutionary Sustainable Engines Innovation Program (CFMRise).
GE Aerospace is collaborating with NASA and Boeing to develop a megawatt hybrid electric powertrain as part of its Electrified Powertrain Flight Demonstration project.
CFM International is also planning to develop a hydrogen combustion engine for ground and air tests using Airbus aircraft.
Praying for Mahmood
3: 23 PM, Thursday, 15 Jun 23

GE Aerospace is testing sustainable aviation fuel and hybrid electric powertrains with NASA.

Title:

Content: Aviation industry calls for accelerated support to achieve zero emissions by 2050
The survey showed that participants are unanimous in achieving and investing in sustainability
Praying for Mahmood
3: 23 PM, Thursday, 15 Jun 23
GE Aerospace has conducted a survey of 325 aviation decision-makers from six countries, including the UAE, as the aviation sector prepares to participate in the Paris Air Show next week and the Dubai Airshow next November.
The survey showed a consensus on achieving and investing in sustainability, while stressing the need to accelerate support to reach the sector ’ s overall goal of net zero emissions by 2050.
The survey, conducted by French pollster Ipsos on behalf of GE Aerospace, also showed that the vast majority of companies said they were translating their sustainability strategies into reality, with 76% of respondents believing that sustainability has radically changed the way they work in the aviation industry, and the majority of those committed to sustainability strategies indicated that their companies ’ investments in sustainability will grow or remain constant despite rising inflation and recession risks.
Almost a third of respondents (30%) considered achieving the aviation sustainability goal the biggest challenge today, surpassing supply chain (19%) and business problems (11%), reflecting the industry ’ s strong drive for sustainability, and its companies and various organizations to reach net zero carbon emissions by 2050.
The majority (88%) also reported that their companies are actually implementing sustainability strategies, and most said that these strategies have significantly or moderately affected their company ’ s work (74%), their investment (73%), and their employment policy (62%).
Allen Paxson, vice president and general manager of commercial program strategy at GE Aerospace, said the survey results demonstrate the aviation industry ’ s commitment to achieving its goal of net carbon emissions by 2050 and the need for the industry to quickly receive the necessary support from various stakeholders to reach this goal.
Together with our industry partners responsible for operating three quarters of the world ’ s flights, we understand our responsibility to address the challenges facing the aviation industry in more sustainable and efficient ways to meet the requirements of our customers. ”
While 46% of respondents said the aviation sector would achieve its goal of net zero carbon emissions by 2050, 32% said it would not, and 22% questioned the possibility of this happening.
On average, respondents said the aviation industry would meet its target by 2055 due to significant hurdles of rising costs, budget pressure, supply chain problems and energy resources.
29% of respondents chose the government as the external group exerting the most pressure to accelerate sustainability, with 61% showing a preference for incentive and policy support approaches over mandates and regulations.
The most important task for the government to achieve the 2050 target is to boost investment in sustainable jet fuel, survey respondents said.
GE Aerospace began testing sustainable aviation fuel in 2007, and today, all engines produced by the company and its partners can be powered using certified sustainable aviation fuel blends.
The company and its customers and partners are developing more efficient equipment, investing $2 billion in aviation research and development in 2022.
CFM International, a joint venture between GE and Safran aircraft engines equally, aims to reduce fuel consumption and emissions by 20% in one generation compared to existing aircraft engines, through its revolutionary Sustainable Engines Innovation Program (CFMRise).
GE Aerospace is collaborating with NASA and Boeing to develop a megawatt hybrid electric powertrain as part of its Electrified Powertrain Flight Demonstration project.
CFM International is also planning to develop a hydrogen combustion engine for ground and air tests using Airbus aircraft.
Praying for Mahmood
3: 23 PM, Thursday, 15 Jun 23

The aircraft maintenance market is expected to grow 11.5% globally in 10 years, driven by sustainability discussions.

Title:

Content: Dubai to gather aviation industry leaders on March 5
T + T - normal size
Aviation Week has unveiled the agenda for the Middle East Aircraft Maintenance, Repair and Refurbishment and Middle East Aircraft Interior Design exhibitions, which aims to drive the industry ’ s efforts towards business expansion in the Middle East, where the region, which plays a pivotal role in global aviation traffic, is witnessing significant growth in the aviation sector.
Demand for new aircraft is also increasing to meet the requirements of airlines in line with their plans to expand their fleet and modernize their aircraft, and the contribution of the aircraft maintenance, repair and refurbishment sector in the region is expected to reach more than 11.5% globally over the next 10 years, boosting the size of the market to exceed the US $137 billion margin in the Middle East.
The Middle East ’ s interior design market will rise from $0.93 billion in 2024 to $1.26 billion by 2030, according to recent forecasts, due to the trend towards enhanced passenger experiences and growing demand for premium economy class.
Taking place on 5 and 6 March 2024 at the Dubai World Trade Centre (DWTC), more than 50 global and regional leaders are expected to discuss trends driving the industry ’ s growth, including Justin O ’ Donnell, Director of Technical Operations at Riyadh Airline, Geoffrey Wilkinson, CEO of Dubai Aerospace Industries, Salman Iqbal, Senior Technical Supply and Contracts Manager at Etihad Airways, and Andrei Kochi. Technical Director at Wizz Air.
The two-day agenda will focus on key topics in the aircraft maintenance, repair and refurbishment sector, including workforce and supply chain challenges, sustainability, improved fleet management and the benefits of new technology, as well as the regional and cargo market.
During a session titled “Aircraft Maintenance, Repair and Refurbishment: Sustainability – Where is the Sector Now? ”, OEMs will discuss sustainability initiatives in the Middle East and what they expect to see in the future, especially as the aviation industry approaches net zero emissions by 2050.
Colgate Gata Aura, president of Boeing Middle East, Turkey, Africa and Central Asia, said: “At Boeing, the future of the aviation industry will be digital, sustainable and automation driven.
Operational efficiency is one of the key pillars that will contribute to the sector ’ s net zero emissions.
Boeing continues to invest in areas that ensure our aircraft are equipped with the latest equipment to support advanced procedures, and we are working with airlines, government customers, air navigation service providers and airports to improve efficiency. ”
Ziad Al Hazmi, CEO of Lufthansa Technic Middle East, will also be taking part in a panel discussion titled “Aircraft Maintenance, Repair and Refurbishment: Workforce Challenges – Attracting, Training and Retaining Expertise ”.
Al-Hazmi said: “At Lufthansa Technic, we believe that investing in the workforce is one of the cornerstones of our success.
By focusing on attracting, training and retaining talent and expertise, we are able to build a team with all the expertise and dedication it takes to take our aircraft maintenance, repair and refurbishment business to the next level. ”
A series of sessions will cover the latest developments and trends in the aircraft interior design market.
This includes the future of cabin design, in-flight entertainment and communication systems, how to personalize passenger experiences, challenges and opportunities in the areas of modernization and sustainability, among others.
Ahead of the session “Addressing the Challenges of Airline Strategies in Updating, Maintenance and Repair of Passenger Cabins ”, Dr. Pravin Srivastava, Founder and CEO of Aerochamp Aviation, said:“ The passenger cabin is the only space on the aircraft that passengers can see and feel, and therefore the cabin designs are an important part of the overall perception that passengers take of the airline.
Due to increased competition and low price elasticity of demand, cabin design and comfort play a key role when choosing which airline to fly on.
I look forward to discussing strategies that will help overcome the challenges faced by airlines in modernizing and maintaining passenger cabins.
We also aim to help airlines improve cabin maintenance costs through the use of cutting-edge technologies, parts replacement options and certification. ”
The show also features the Onboard Hub, which will showcase a variety of cruise control products and free, interactive content, with a focus on the latest innovations in in-flight entertainment and the passenger experience.
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Investing in workforce and operational efficiency is crucial for aircraft maintenance success.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

Air New Zealand aims to fly zero-emissions planes by 2026.

Title:

Content: Fusion Energy Breakthrough FTX Co-Founder's Fraud Charges 'Avatar 2' Review Amazon Sale 58 Gift Ideas Geminid Meteor Shower Golden Globe Nominations Coyote Attack

Air New Zealand Wants to Fly a Zero Emissions Plane by 2026. Here Are Its Options

The airline has signed an agreement with four different aircraft makers to buy three planes from each.

Air New Zealand wants to put a zero-emissions aircraft in the sky by 2026, and it has a plan for making it happen. On Tuesday, the airline announced partnerships with four companies working on aircraft that could help it meet its target.

Air New Zealand has signed an agreement expressing its intent to order three aircraft from each company at first, with the option to order an additional 20 from one of more of the partners at a later date.

It's no secret that the aviation industry, which is completely dependent on fossil fuels, has a negative impact on the environment by emitting CO2 into the atmosphere, among other factors. With people all over the world suffering the consequences of the climate crisis in the form of more frequent and severe weather events, it's crucial that the industry finds a way to reduce, and ideally eliminate, its greenhouse gas emissions.

Air New Zealand is calling its own effort "Mission NextGen Aircraft," which is part of a long-term strategy to help it decarbonize its entire network before 2050. It will see the airline work with the partners to develop the technology and infrastructure to ensure the aircraft, which rely on a combination of electric, green hydrogen and hybrid energy, are able to fly within New Zealand in four years time.

"Mission NextGen Aircraft is not about backing one innovator," said Air New Zealand CEO Greg Foran in a statement. "It's about working with a range of leaders in zero emissions aircraft technology to help move the whole ecosystem along."

The hope is that at least one of the aircraft will be able to complete a flight by 2026, and then go on to replace the Q300 in the airline's fleet -- a prop plane currently used to make short hops with the country. "Getting a zero emissions aircraft off the ground by 2026 is going to be challenging," said Foran. "But we're incredibly ambitious -- because we need to be."

Meet the aircraft

Eviation Alice

Eviation, based in Washington State, makes a 9-seater, all-electric commuter aircraft called Alice. Alice is a "flight-proven" plane powered by two electric propulsion units designed for short-range flights.

Beta ALIA-250

Beta's ALIA-250 aircraft is inspired by an Arctic tern, and can take off and land vertically. It comes in cargo and passenger versions, and is able to carry up to five passengers in addition to the pilot.

VoltAero Cassio

VoltAero claims the Cassio 1, its testbed aircraft, is safe, quiet, flexible and efficient in addition to being eco-friendly. The aircraft will be built in France, and its propulsion system relies on a dual source of electric-hybrid energy.

Cranfield Aerospace's Project Fresson

An established aviation business, UK-based Cranfield Aerospace is currently working on "Project Fresson." This is its attempt to transform a fossil fuel-powered Britten-Norman Islander 9-seat aircraft into a green passenger-carrying aircraft using hydrogen fuel cell technology.

The company's Mission NextGen Aircraft strategy includes options to order up to 23 planes from each partner.

Title:

Content: Fusion Energy Breakthrough FTX Co-Founder's Fraud Charges 'Avatar 2' Review Amazon Sale 58 Gift Ideas Geminid Meteor Shower Golden Globe Nominations Coyote Attack

Air New Zealand Wants to Fly a Zero Emissions Plane by 2026. Here Are Its Options

The airline has signed an agreement with four different aircraft makers to buy three planes from each.

Air New Zealand wants to put a zero-emissions aircraft in the sky by 2026, and it has a plan for making it happen. On Tuesday, the airline announced partnerships with four companies working on aircraft that could help it meet its target.

Air New Zealand has signed an agreement expressing its intent to order three aircraft from each company at first, with the option to order an additional 20 from one of more of the partners at a later date.

It's no secret that the aviation industry, which is completely dependent on fossil fuels, has a negative impact on the environment by emitting CO2 into the atmosphere, among other factors. With people all over the world suffering the consequences of the climate crisis in the form of more frequent and severe weather events, it's crucial that the industry finds a way to reduce, and ideally eliminate, its greenhouse gas emissions.

Air New Zealand is calling its own effort "Mission NextGen Aircraft," which is part of a long-term strategy to help it decarbonize its entire network before 2050. It will see the airline work with the partners to develop the technology and infrastructure to ensure the aircraft, which rely on a combination of electric, green hydrogen and hybrid energy, are able to fly within New Zealand in four years time.

"Mission NextGen Aircraft is not about backing one innovator," said Air New Zealand CEO Greg Foran in a statement. "It's about working with a range of leaders in zero emissions aircraft technology to help move the whole ecosystem along."

The hope is that at least one of the aircraft will be able to complete a flight by 2026, and then go on to replace the Q300 in the airline's fleet -- a prop plane currently used to make short hops with the country. "Getting a zero emissions aircraft off the ground by 2026 is going to be challenging," said Foran. "But we're incredibly ambitious -- because we need to be."

Meet the aircraft

Eviation Alice

Eviation, based in Washington State, makes a 9-seater, all-electric commuter aircraft called Alice. Alice is a "flight-proven" plane powered by two electric propulsion units designed for short-range flights.

Beta ALIA-250

Beta's ALIA-250 aircraft is inspired by an Arctic tern, and can take off and land vertically. It comes in cargo and passenger versions, and is able to carry up to five passengers in addition to the pilot.

VoltAero Cassio

VoltAero claims the Cassio 1, its testbed aircraft, is safe, quiet, flexible and efficient in addition to being eco-friendly. The aircraft will be built in France, and its propulsion system relies on a dual source of electric-hybrid energy.

Cranfield Aerospace's Project Fresson

An established aviation business, UK-based Cranfield Aerospace is currently working on "Project Fresson." This is its attempt to transform a fossil fuel-powered Britten-Norman Islander 9-seat aircraft into a green passenger-carrying aircraft using hydrogen fuel cell technology.

The new planes will be powered by electric, green hydrogen, or hybrid energy, such as the all-electric Eviation Alice.

Title:

Content: Fusion Energy Breakthrough FTX Co-Founder's Fraud Charges 'Avatar 2' Review Amazon Sale 58 Gift Ideas Geminid Meteor Shower Golden Globe Nominations Coyote Attack

Air New Zealand Wants to Fly a Zero Emissions Plane by 2026. Here Are Its Options

The airline has signed an agreement with four different aircraft makers to buy three planes from each.

Air New Zealand wants to put a zero-emissions aircraft in the sky by 2026, and it has a plan for making it happen. On Tuesday, the airline announced partnerships with four companies working on aircraft that could help it meet its target.

Air New Zealand has signed an agreement expressing its intent to order three aircraft from each company at first, with the option to order an additional 20 from one of more of the partners at a later date.

It's no secret that the aviation industry, which is completely dependent on fossil fuels, has a negative impact on the environment by emitting CO2 into the atmosphere, among other factors. With people all over the world suffering the consequences of the climate crisis in the form of more frequent and severe weather events, it's crucial that the industry finds a way to reduce, and ideally eliminate, its greenhouse gas emissions.

Air New Zealand is calling its own effort "Mission NextGen Aircraft," which is part of a long-term strategy to help it decarbonize its entire network before 2050. It will see the airline work with the partners to develop the technology and infrastructure to ensure the aircraft, which rely on a combination of electric, green hydrogen and hybrid energy, are able to fly within New Zealand in four years time.

"Mission NextGen Aircraft is not about backing one innovator," said Air New Zealand CEO Greg Foran in a statement. "It's about working with a range of leaders in zero emissions aircraft technology to help move the whole ecosystem along."

The hope is that at least one of the aircraft will be able to complete a flight by 2026, and then go on to replace the Q300 in the airline's fleet -- a prop plane currently used to make short hops with the country. "Getting a zero emissions aircraft off the ground by 2026 is going to be challenging," said Foran. "But we're incredibly ambitious -- because we need to be."

Meet the aircraft

Eviation Alice

Eviation, based in Washington State, makes a 9-seater, all-electric commuter aircraft called Alice. Alice is a "flight-proven" plane powered by two electric propulsion units designed for short-range flights.

Beta ALIA-250

Beta's ALIA-250 aircraft is inspired by an Arctic tern, and can take off and land vertically. It comes in cargo and passenger versions, and is able to carry up to five passengers in addition to the pilot.

VoltAero Cassio

VoltAero claims the Cassio 1, its testbed aircraft, is safe, quiet, flexible and efficient in addition to being eco-friendly. The aircraft will be built in France, and its propulsion system relies on a dual source of electric-hybrid energy.

Cranfield Aerospace's Project Fresson

An established aviation business, UK-based Cranfield Aerospace is currently working on "Project Fresson." This is its attempt to transform a fossil fuel-powered Britten-Norman Islander 9-seat aircraft into a green passenger-carrying aircraft using hydrogen fuel cell technology.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

Boeing is investing $3 billion to develop eco-friendly planes and decarbonize aviation by 2050.

Title:

Content: Private.
Boeing chief: Saudi Arabia orders 121 aircraft
The total value of the aircraft was $35 billion.
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Dr. Brendan Nelson, CEO of Boeing International, said that Saudi Arabia is an important customer for us and a partner of Boeing International, and we are fully committed to supporting it in achieving its ambitious Vision 2030 in the aviation field.
Dr. Brendan Nelson said in an exclusive interview with Al Arabiya.
The Kingdom ’ s main focus for the aircraft it orders is wide-body aircraft, i.e. larger, twin-aisle aircraft such as the 777 and 787.
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"The new Riyadh Air has ordered 72 different 787 aircraft, while Saudi Airlines has also ordered 39 787 aircraft, in addition to other options of up to 10 additional aircraft, bringing the total number of aircraft from Saudi Arabia to 121, with a total value of about $35 billion, and we will work to deliver these aircraft on time, overcoming our supply challenges," he said.
"We are now competing with another company to win the Saudi contract to provide 737 slim hull aircraft to Saudi airlines," he said, noting that negotiations on that contract are ongoing so far and are confidential, and we are confident of achieving this because of the reliability of our exceptional aircraft and the appropriate prices we offer to the Kingdom.
“Delivering and delivering the aircraft ordered by Saudi companies on time is very important to us, but we do not seek rapid production at the expense of quality or safety, we are keen to ensure that supply chains match the requirements of delivering the aircraft to Saudi companies, ” he said.
Boeing ’ s outlook for the Middle East
“Our forecast for the Middle East for the next 20 years is that the region will need 3,000 new aircraft, and if we think about it, 8 hours of air travel from any of the major airports in the Middle East will cover 80% of the world ’ s population and 70% of the future economic growth areas in the next 20 years, ” he said.
“With economic growth estimated at 2.7 per cent per annum for the next decade in the Gulf region, air travel will increase by 4 per cent per annum, making the Middle East a very important global customer for Boeing. ”
Chinese Aircraft Manufacturing Company
As for the Chinese aircraft manufacturer, he said, "China is a great power and has re-emerged with a very strong economy, with a population of 1.4 billion people.
We support China ’ s development and construction of its own aircraft, the Comac C919 is a good and safe aircraft in our opinion, and perhaps by 2050 they control 10% of the market.
"But when we think about how big the aviation market is, it means there's extra business for everyone, whether it's Boeing or Comac, and certainly our main competitor."
“Boeing has experienced significant challenges in recent years in terms of accidents as well as the global pandemic, but our current situation is very strong as demand for commercial aviation in particular has risen to record levels as airlines revamp their fleets and the geopolitical environment has significantly increased global investment in defence, ” he said.
US $100 billion
“We expect our profits for 2025 and 2026 to be close to $100 billion, we expect 10% operating profit, and a free cash flow in 2025 and 2026 of about $10 billion, of which we will invest $3 billion in research and development. ”
“We are doing everything we can to decarbonise our industry and industry to achieve sustainable aviation, with aviation accounting for 2.6% of global heating emissions and nearly 12% of transport. ”
We are introducing sustainable aviation fuel as well as electricity, hydrogen and new technologies that improve the efficiency of aircraft performance and the way airlines operate their aircraft, and introducing new technology that helps to completely eliminate carbon emissions.
One of the key technologies is Weske, the urban self-driving vehicle, and we are in the advanced stages of developing the aircraft that will feature the same safety standards as commercial aircraft, and are working with regulators around the world to obtain certification.
We are also working with the US Space Agency to develop aircraft wings that enable them to fly at near the speed of sound along with engine technology from engine manufacturers, which we are confident will result in high air travel efficiency, significant reduction in carbon emissions, and lower fuel consumption, and will launch this aircraft in mid-2030.
And besides, we have a lot of covert military capability work with the Pentagon.
The overall challenges are decarbonising the aviation industry, which is a top priority for Boeing, and there are supply chain challenges that we expect to continue through 2023 and 2024.
To reduce supply chain challenges, we invest our resources to work with our suppliers, replicate supply chains in some regions in response to the geopolitical consequences of Russia ’ s invasion of Ukraine, and introduce new technology to improve supply chain efficiency.
The other challenge we face in general is the labor market. After we emerged from the pandemic, we started to see very tight labor markets in many parts of the world. Recruiting the people we need to meet our customers ’ requirements is a challenge. We are undoubtedly operating in a very complex environment with a major energy transition. In some parts of the world, we face a significant increase in energy prices. A truly global company.
In order to achieve this, we are developing engineering capabilities outside the United States, investing in engineering centers, 17 of which we have around the world now, as well as research and technology centers, as well as contributing to investment in countries with large markets and localizing our business in those countries.
These are some of the challenges we face.
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The company is introducing sustainable fuels and working with the US Space Agency to develop high-efficiency aircraft.

What is Airbus doing to achieve sustainable aviation?

It is working on adopting innovative strategies.

It is making efforts to improve aircraft efficiency.

France is investing heavily in eco-friendly aircraft, including engine and biofuel development.

Title:

Content: France announces multi-million dollar financial support plan to develop environmentally friendly aircraft
On June 16, three days before the opening of the International Air and Space Salon in Le Bourget, French President Emmanuel Macron announced the allocation of hundreds of millions of euros for the development of “zero emissions ” aircraft.
The multi-year grant and investment plan includes, inter alia, the construction of a biofuel plant in the south-west of the country.
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Emmanuel Macron made statements about government investments in the development of “green aviation ” on Friday, during a visit to the production and testing center of the manufacturer of aircraft engines Safran in Villaroche, 50 km from Paris.
France-Presse quoted the president as saying, “The French must become champions in ultra-low power aircraft. ”
And the state intends to provide hundreds of millions of euros for this at a time when fierce competition for a new market between Europe, the United States and China is unfolding.
300 million euros per year for engines, 200 million for innovative fuel
To support its aircraft manufacturers, the state will “triple its efforts in the period 2024-2030 ”, that is, provide developers of engines and systems of the new generation with a budget of“ 300 million euros per year ”.
The state is also investing 200 million euros in the development of innovative biofuels, hoping to increase its production to 500,000 tons per year by 2030.
The President announced the opening of a plant for the production of “green ” fuel BioTJET based on the structure of a former gas field in the city of Lac (Lacq), in southwestern France.
The production of biofuels will create only 700 jobs directly for the enterprise.
As you know, any production is always overgrown with accompanying infrastructures and creates favorable conditions in the labor market.
The government is therefore counting on the revitalization of the economic life of the region.
In addition, Emmanuel Macron announced the allocation of $50 million budget for start-ups creating “small hybrid, electric or hydrogen aircraft ”.
The issue of decarbonization of aviation is extremely acute today, the future of this sector, which largely determines the economic health of the regions, depends on the choice of solutions.
But economic health today cannot be considered without taking into account the environmental component.
Because air travel now accounts for 3 to 4% of global greenhouse gas emissions.
NewsletterGet real-time news with RFI notifications
Download the RFI app and follow international news
Share:

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What is the main objective of the ReFuelEU Aviation initiative?

To increase demand and supply for sustainable aviation fuel

The country aims to produce 500,000 tons of biofuel annually by 2030.

Title:

Content: France announces multi-million dollar financial support plan to develop environmentally friendly aircraft
On June 16, three days before the opening of the International Air and Space Salon in Le Bourget, French President Emmanuel Macron announced the allocation of hundreds of millions of euros for the development of “zero emissions ” aircraft.
The multi-year grant and investment plan includes, inter alia, the construction of a biofuel plant in the south-west of the country.
Advertisement
Emmanuel Macron made statements about government investments in the development of “green aviation ” on Friday, during a visit to the production and testing center of the manufacturer of aircraft engines Safran in Villaroche, 50 km from Paris.
France-Presse quoted the president as saying, “The French must become champions in ultra-low power aircraft. ”
And the state intends to provide hundreds of millions of euros for this at a time when fierce competition for a new market between Europe, the United States and China is unfolding.
300 million euros per year for engines, 200 million for innovative fuel
To support its aircraft manufacturers, the state will “triple its efforts in the period 2024-2030 ”, that is, provide developers of engines and systems of the new generation with a budget of“ 300 million euros per year ”.
The state is also investing 200 million euros in the development of innovative biofuels, hoping to increase its production to 500,000 tons per year by 2030.
The President announced the opening of a plant for the production of “green ” fuel BioTJET based on the structure of a former gas field in the city of Lac (Lacq), in southwestern France.
The production of biofuels will create only 700 jobs directly for the enterprise.
As you know, any production is always overgrown with accompanying infrastructures and creates favorable conditions in the labor market.
The government is therefore counting on the revitalization of the economic life of the region.
In addition, Emmanuel Macron announced the allocation of $50 million budget for start-ups creating “small hybrid, electric or hydrogen aircraft ”.
The issue of decarbonization of aviation is extremely acute today, the future of this sector, which largely determines the economic health of the regions, depends on the choice of solutions.
But economic health today cannot be considered without taking into account the environmental component.
Because air travel now accounts for 3 to 4% of global greenhouse gas emissions.
NewsletterGet real-time news with RFI notifications
Download the RFI app and follow international news
Share:

The French government has allocated $50 million for hybrid or electric aircraft start-ups.

Title:

Content: France announces multi-million dollar financial support plan to develop environmentally friendly aircraft
On June 16, three days before the opening of the International Air and Space Salon in Le Bourget, French President Emmanuel Macron announced the allocation of hundreds of millions of euros for the development of “zero emissions ” aircraft.
The multi-year grant and investment plan includes, inter alia, the construction of a biofuel plant in the south-west of the country.
Advertisement
Emmanuel Macron made statements about government investments in the development of “green aviation ” on Friday, during a visit to the production and testing center of the manufacturer of aircraft engines Safran in Villaroche, 50 km from Paris.
France-Presse quoted the president as saying, “The French must become champions in ultra-low power aircraft. ”
And the state intends to provide hundreds of millions of euros for this at a time when fierce competition for a new market between Europe, the United States and China is unfolding.
300 million euros per year for engines, 200 million for innovative fuel
To support its aircraft manufacturers, the state will “triple its efforts in the period 2024-2030 ”, that is, provide developers of engines and systems of the new generation with a budget of“ 300 million euros per year ”.
The state is also investing 200 million euros in the development of innovative biofuels, hoping to increase its production to 500,000 tons per year by 2030.
The President announced the opening of a plant for the production of “green ” fuel BioTJET based on the structure of a former gas field in the city of Lac (Lacq), in southwestern France.
The production of biofuels will create only 700 jobs directly for the enterprise.
As you know, any production is always overgrown with accompanying infrastructures and creates favorable conditions in the labor market.
The government is therefore counting on the revitalization of the economic life of the region.
In addition, Emmanuel Macron announced the allocation of $50 million budget for start-ups creating “small hybrid, electric or hydrogen aircraft ”.
The issue of decarbonization of aviation is extremely acute today, the future of this sector, which largely determines the economic health of the regions, depends on the choice of solutions.
But economic health today cannot be considered without taking into account the environmental component.
Because air travel now accounts for 3 to 4% of global greenhouse gas emissions.
NewsletterGet real-time news with RFI notifications
Download the RFI app and follow international news
Share:

The aerospace market is shifting towards sustainability, led by companies like Boeing and Air New Zealand.

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Content: Fusion Energy Breakthrough FTX Co-Founder's Fraud Charges 'Avatar 2' Review Amazon Sale 58 Gift Ideas Geminid Meteor Shower Golden Globe Nominations Coyote Attack

Air New Zealand Wants to Fly a Zero Emissions Plane by 2026. Here Are Its Options

The airline has signed an agreement with four different aircraft makers to buy three planes from each.

Air New Zealand wants to put a zero-emissions aircraft in the sky by 2026, and it has a plan for making it happen. On Tuesday, the airline announced partnerships with four companies working on aircraft that could help it meet its target.

Air New Zealand has signed an agreement expressing its intent to order three aircraft from each company at first, with the option to order an additional 20 from one of more of the partners at a later date.

It's no secret that the aviation industry, which is completely dependent on fossil fuels, has a negative impact on the environment by emitting CO2 into the atmosphere, among other factors. With people all over the world suffering the consequences of the climate crisis in the form of more frequent and severe weather events, it's crucial that the industry finds a way to reduce, and ideally eliminate, its greenhouse gas emissions.

Air New Zealand is calling its own effort "Mission NextGen Aircraft," which is part of a long-term strategy to help it decarbonize its entire network before 2050. It will see the airline work with the partners to develop the technology and infrastructure to ensure the aircraft, which rely on a combination of electric, green hydrogen and hybrid energy, are able to fly within New Zealand in four years time.

"Mission NextGen Aircraft is not about backing one innovator," said Air New Zealand CEO Greg Foran in a statement. "It's about working with a range of leaders in zero emissions aircraft technology to help move the whole ecosystem along."

The hope is that at least one of the aircraft will be able to complete a flight by 2026, and then go on to replace the Q300 in the airline's fleet -- a prop plane currently used to make short hops with the country. "Getting a zero emissions aircraft off the ground by 2026 is going to be challenging," said Foran. "But we're incredibly ambitious -- because we need to be."

Meet the aircraft

Eviation Alice

Eviation, based in Washington State, makes a 9-seater, all-electric commuter aircraft called Alice. Alice is a "flight-proven" plane powered by two electric propulsion units designed for short-range flights.

Beta ALIA-250

Beta's ALIA-250 aircraft is inspired by an Arctic tern, and can take off and land vertically. It comes in cargo and passenger versions, and is able to carry up to five passengers in addition to the pilot.

VoltAero Cassio

VoltAero claims the Cassio 1, its testbed aircraft, is safe, quiet, flexible and efficient in addition to being eco-friendly. The aircraft will be built in France, and its propulsion system relies on a dual source of electric-hybrid energy.

Cranfield Aerospace's Project Fresson

An established aviation business, UK-based Cranfield Aerospace is currently working on "Project Fresson." This is its attempt to transform a fossil fuel-powered Britten-Norman Islander 9-seat aircraft into a green passenger-carrying aircraft using hydrogen fuel cell technology.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

By 2040, 45,000 new aircraft worth $2.9 trillion are expected, with 70% being single-aisle jets.

China has a 20% share in aircraft deliveries.

80% of existing passenger aircraft will be retired by 2040, necessitating new, more efficient planes.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on airlines?

They will accelerate the demand for aircraft replacement.

Boeing expects the Middle East to need 3,000 new aircraft by 2042.

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Content: Middle East will need 3k new aircraft by 2042: Boeing

Boeing holds a significant position in the operations of the Kingdom’s flagship carrier, Riyadh Air. Shutterstock.
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Middle East will need 3k new aircraft by 2042: Boeing

RIYADH: Boeing anticipates a demand for 3,000 new aircraft in the Middle East by 2042, signifying the region’s growth in the aviation sector.

During a media briefing ahead on Nov. 12, ahead of Dubai Airshow 2023, President of Boeing Brendan Nelson restated the company’s commitment to supporting the industry in Saudi Arabia, the UAE, and neighboring nations.

Boeing holds a significant position in the operations of the Kingdom’s flagship carrier, Riyadh Air ,as in March, the airline ordered a fleet of 72 787 Dreamliners, with the inaugural flight scheduled for 2025.

The aviation firm plans to work closely with regional governments, focusing on manufacturing aircraft parts, research and development, and professional training to contribute to the sector’s growth.

According to Khaleej Times, Nelson said: “Our vision is to build an ecosystem in the region, invest in R&D (research and development), develop industrial partnerships, and enhance manufacturing capacity in both commercial and defense sectors.”

As part of its expanding regional engagements, Boeing joined forces with the UAE’s leading renewable energy firm Masdar in October to advance the global sustainable aviation fuel industry, aligning with the industry’s goal of achieving net zero emissions by 2050.

According to Boeing’s Commercial Market Outlook forecast, global airlines will need 42,595 new aircraft by 2042, with Middle East-based airlines requiring 3,025 – 45 percent being widebody planes.

These objectives are driven by the rising demand for travel within the region and the emergence of new flight hubs.

Boeing predicts that the global aviation industry will require 2.2 million new personnel by 2042, with the Middle East and Africa contributing 13 percent to meet this demand.

Nelson emphasized the company’s active exploration of additional opportunities in Saudi Arabia and the broader region, where over 3,000 aircraft, 58,000 pilots, and nearly 100,000 crews will be needed in the next two decades.

The demand for airliners is anticipated to remain robust, propelled by the Kingdom’s target of attracting 150 million tourists as part of its economic diversification efforts.

Saudi Arabia’s aviation evolution

Saudi Arabia launched a new aviation policy in October to boost the sector’s performance and attract investments worth $100 billion by 2030.

According to the General Authority of Civil Aviation, the plan will see new regulations for airports, ground services, cargo and air transport services.

This approach supports the privatization of airports, facilitates the procedures for new investors to join the aviation market, and enables airport operators to set wages according to their plans.

The authority will also enable airport operators to diversify their revenues flexibly by increasing revenues from non-navigational services.

In September, Randy Heisey, Boeing’s managing director of commercial marketing in Africa and the Middle East region, told Arab News that the company is working with Saudi airlines to implement advanced aircraft and engine technologies that align with global sustainability goals.

Riyadh Airports partners with ADB Safegate to modernize aviation infrastructure

Updated 32 sec ago
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Riyadh Airports partners with ADB Safegate to modernize aviation infrastructure

RIYADH: Saudi Arabia’s King Khalid International Airport is poised to witness improved efficiency thanks to its partnership with ADB Safegate, a Belgium-based aviation service provider.

Riyadh Airports Co., the entity overseeing the airbase’s operations, has recently signed a memorandum of understanding with the global aviation solution provider to foster cooperation.

The collaboration aims to develop energy efficiency, implement predictive maintenance, and enhance streamlined passenger flow.

The partnership also includes working on an innovative transformation process that leverages technical solutions to digitize airport automation, monitoring, and maintenance processes.

The companies involved plan to explore the potential of artificial intelligence, machine learning, and advanced video analytics. Furthermore, both entities will collaborate on virtual reality, augmented reality, as well as Internet of Things technologies. In addition, the implementation of 5G technology is also on the agenda.

Osama Al-Fawaz, CEO of Information and Communications Technology at Riyadh Airports Co., said that this agreement aligns with the digital transformation goals of the company, relying on the latest specialized technologies.

Laurent Dubois, CEO of Safegate, highlighted the transformative potential of this agreement, emphasizing that RAC operates one of the region’s most significant airports. He added that the deal reflects Riyadh Airports’ eagerness to adopt the latest international technologies in the field.

According to data from the General Authority of Civil Aviation, the Riyadh airport outperformed other international aviation hubs in Saudi Arabia for overall performance in September. It achieved high marks across the 11 operational performance standards, which track passenger experience and airport efficiency.

The airbase secured the top spot in the category of international terminals serving over 15 million passengers annually, with a compliance rate of 82 percent.

The MoU aligns with Saudi Arabia’s Vision 2030 National Aviation Strategy, which seeks to diversify revenue sources by boosting the travel and tourism sector.

According to the strategy’s goals, the Kingdom aims to enhance air connectivity to 250 destinations, accommodating 330 million passengers, and doubling air cargo capacity to 4.5 million tons by 2030.

Riyadh Air unveils second livery design at Dubai Airshow

Updated 12 min 8 sec ago
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Riyadh Air unveils second livery design at Dubai Airshow

RIYADH: Saudi flag carrier Riyadh Air revealed its second livery design via a QR code at the Dubai Airshow on Monday.

The new livery maintains the indigo theme, announced in June at the Paris Air Show, with striking lines of Arabic calligraphy.

This move reflects the Kingdom’s forward-thinking ambitions of using iridescent color to add a modern twist to the innovative design, making Riyadh Air, wholly owned by the Public Investment Fund, instantly recognizable on land or in the air.

“As the largest startup in commercial aviation in decades, we are delighted to unveil to the world Riyadh Air’s second livery, which will be unmistakable when it takes to the skies in 2025 as we become one of the first international carriers to have permanent dual liveries on an active fleet,” said Riyadh Air CEO Tony Douglas in a statement.

The new look features a widespread cockpit window design, contrasting the indigo signature theme against a light sparkling fuselage.

Additionally, the aircraft will have Riyadh Air written in English and Arabic alongside the airline’s trademark logo on the tail, engines and underbelly.

“We revealed our first livery reveal to global acclaim, announced fleet orders for our wide-body aircraft and signed several ground-breaking new partnerships,” said Douglas.

He added: “This iconic second livery is the latest milestone for Riyadh Air as we shape and disrupt the future of air travel and aviation, with many more things to come.”

Creating a second Saudi national airline alongside the existing flag carrier Saudia is part of the Kingdom’s plan to diversify its economy.

The CEO said that the airline has already provisionally ordered 72 Boeing 787 wide-body jets, and narrow-body aircraft were next.

Douglas also unveiled Riyadh Air’s plans to begin operations in 2025 and connect the Kingdom’s capital to over 100 destinations worldwide by 2030.

“It’s a brand that has an obsessional attention to detail with guest experience. It’s a brand that is a true digital native because we have no legacy. It’s a brand that stands for commercial aviation and environmental sustainability,” he said.

In March, Saudi Crown Prince Mohammed bin Salman announced the creation of the new national airline.

The airline seeks to enable Riyadh to become a gateway to the world and a global destination for transportation, trade, and tourism, the Saudi Press Agency reported at that time.

East Pipes secures $117m contract with Aramco

Updated 13 November 2023
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East Pipes secures $117m contract with Aramco

RIYADH: Dammam-based East Pipes Integrated Co. for Industry has secured a contract worth over SR440 million ($117 million) with Saudi energy giant Aramco for the manufacturing and supply of steel pipes for key projects within the Kingdom.

In its filing to Tadawul, the manufacturer of spiral steel pipes stated that the entire contract work is set to be completed within a 13-month period. The company further emphasized that the financial impact of the contract will be evident in the second and third quarters of the financial year 2024/2025.

Established in 2010, East Pipes is one of the leading manufacturers of helical submerged arc welded pipes, with an annual production capacity of up to 500,000 tons, according to its website.

In May, the firm secured a contract to manufacture and supply steel pipes to Aramco, marking another significant deal worth SR1.8 billion, according to a bourse filing.

Oil Updates - crude falls on weak demand outlook in US and China, Fed hedging

Updated 13 November 2023
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Oil Updates - crude falls on weak demand outlook in US and China, Fed hedging

BEIJING: Oil prices fell on Monday, erasing gains from Friday as renewed concerns over waning demand in the US and China, coupled with mixed signals from the Federal Reserve, dented market sentiment, according to Reuters.

Brent crude futures for January were down 61 cents, or 0.75 percent, at $80.82 a barrel at 11.00 a.m. Saudi time, while the US West Texas Intermediate crude futures for December were at $76.56, down 61 cents, or 0.79 percent.

Prices gained nearly 2 percent on Friday as Iraq voiced support for oil cuts by the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, but lost about 4 percent for the week, notching their third weekly losses for the first time since May.

“Investors are more focused on slow demand in the United States and China while worries over the potential supply disruptions from the Israel-Hamas conflict have somewhat receded,” said Hiroyuki Kikukawa, president of NS Trading, a unit of Nissan Securities.

The US Energy Information Administration said last week crude oil production in the country this year will rise by slightly less than previously expected while demand will fall.

Next year, per capita US gasoline consumption could fall to the lowest level in two decades, it said.

Markets were wary of potential US policy tightening after Federal Reserve Chair Jerome Powell said last week that it could raise interest rates again if progress on curbing inflation stalls.

With financial conditions looser after a Friday jump in stock markets, “there is a good chance of more hawkish Fed speak this week,” said Tony Sycamore, a market analyst at IG.

That is “not a prospect that crude oil will welcome given that recent data in China and the US has brought growth fears back to the surface,” he said.

Weak economic data last week from China, the world’s biggest crude oil importer, increased fears of faltering demand.

China’s consumer prices fell to pandemic-era lows in October, casting doubts on the strength of the country’s economic recovery.

Additionally, refiners in China asked for less supply from Saudi Arabia, the world’s largest exporter, for December.

Still, Kikukawa said oil prices would be supported if WTI approaches $75 a barrel.

“If the market falls further, we will likely see support buying on expectations that Saudi Arabia and Russia would decide to continue their voluntary supply cuts after December,” Kikukawa said.

Top oil exporters Saudi Arabia and Russia confirmed last week they would continue with their additional voluntary oil output cuts until the end of the year as concerns over demand and economic growth continue to drag on crude markets.

OPEC+ will meet on Nov. 26.

On the supply side, US energy firms cut the number of oil rigs operating for a second week in a row to their lowest since January 2022, energy services firm Baker Hughes said. The rig count points to future output.

Egypt’s headline inflation eases to 35.8% in October

Updated 13 November 2023
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Egypt’s headline inflation eases to 35.8% in October

CAIRO: Egypt’s annual urban consumer price inflation rate dropped to 35.8 percent in October from a record high of 38 percent in September, data from the country’s statistics agency CAPMAS showed on Saturday, coming in lower than analysts had expected.

The median forecast of 19 analysts polled by Reuters had shown inflation slipping to 37.1 percent.

Month on month, price rises slowed to 1 percent in October from 2 percent in September.

Inflation had accelerated every month since June, when it reached 35.7 percent, topping the previous high of 32.95 percent in July 2017.

Food and beverage prices rose by 1.5 percent month on month and an annual 71.3 percent, CAPMAS said.

Meanwhile, Egypt’s central bank said on Monday it sold $1.6 billion in one-year dollar-denominated Treasury bills with an average yield of 4.6 percent. The auction will be settled on Tuesday.

Global airlines will need 42,595 new aircraft by 2042.

Riyadh Air ordered 72 Boeing 787 Dreamliners, set to launch in 2025.

Boeing predicts 2.2 million new personnel will be needed in global aviation by 2042.

The aviation industry aims for net zero emissions by 2050 with more sustainable aircraft.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

Saudi Arabia ordered 121 Boeing aircraft worth $35 billion.

Boeing will deliver 111 aircraft to Riyadh Air and Saudi Airlines.

Boeing forecasts 41,170 new aircraft deliveries over 20 years, mostly single-aisle aircraft.

Title:

Content: Commercial Aircraft Interior Lighting Global Market Report 2023: Increasing Aircraft Modernization Programs Drive Demand

Dublin, IRELAND

Dublin, April 21, 2023 (GLOBE NEWSWIRE) -- The "Commercial Aircraft Interior Lighting Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)" report has been added to ResearchAndMarkets.com's offering.

The commercial aircraft interior lighting market is anticipated to grow at a CAGR of over 5.5% during the forecast period.

A growing number of air passengers, rising investments in the aviation sector, and increasing aircraft modernization programs create demand for internal systems, which drive market growth.

Increasing preference for new LED and OLED lights to enhance customer experience during the flight is expected to support the development of the market.

Furthermore, increased demand for non-electrical floor path lighting drive market growth. It consists of photoluminescent lighting strips installed on the cabin floor to guide passengers to emergency exists in case of lighting failures. The system does not require a lightweight power source, has an improved lifespan, and has zero maintenance.

Additionally, aging aircraft are undergoing refurbishments to extend their service lives, which may further generate demand for interior cabin products. Traditional lights are being replaced by advanced LEDs that have longer lives, low power consumption, robust designs, and enable easy installation, driving the market's growth during the forecast period.

Commercial Aircraft Interior Lighting Market Trends

Narrow-body Aircraft Segment is Expected to Show the Highest Growth During the Forecasts Period

Narrow-body aircraft are estimated to show remarkable growth during the forecast period. The growth is due to increasing narrow-body aircraft deliveries and investment in aircraft modernization programs.

In 2021, Boeing delivered 263 narrow-body aircraft (43 aircraft delivered in 2020), while Airbus delivered 533 narrow-body aircraft (484 aircraft delivered in 2020). Furthermore, Air India is planning to buy 300 narrow-body aircraft, one of the largest orders in India's commercial aviation.

Thus, growing orders for narrow-body aircraft and increasing expenditure from airlines on aircraft interior lighting systems drive the market growth. In addition, airlines are adopting advanced technologies to enhance passengers' experience during flights.

For instance, in November 2021, Singapore Airlines (SIA) launched new cabin products that were rolled out on its Boeing 737-8 fleet. The products include business class seats, Wi-Fi service, and others.

The business class seat has USB charging ports, an in-seat power supply, a reading light with adjustable brightness, and mood lighting. Such developments are likely to fuel the demand for commercial aircraft lighting over the forecast period.

North America Will Dominate the Market During the Forecast Period

North America is projected to show significant growth during the forecast period. The growth is due to the presence of well flourish aviation industry, increasing aircraft deliveries, and growing spending on the aviation sector. Developing air traffic and the modernization of aging aircraft is likely to boost market growth in the coming years.

Boeing, an aircraft manufacturer, forecasts that there is expected to be demand for about 41,170 new passenger and freighter aircraft deliveries over the next 20 years. Of the total projected deliveries, 23% of the new aircraft deliveries are likely to go to the North American region. In comparison, 63% will go to Europe, Asia-Pacific, and China, with a share of 21% respectively.

For instance, in June 2022, Delta Air Lines plans to buy 12 new A220-300 aircraft from Airbus. Also, Delta announced that it would buy 100 Boeing 737 MAX 10 jets worth about USD 13.5 billion and has options to buy another 30. In addition, in June 2021, United Airlines, an American airline, ordered 270 commercial aircraft, out of which 200 were Boeing Max jets and 70 Airbus A321neos.

The airline is planning to make seatback screens central to its new aircraft interiors and add higher numbers of roomier seats in coach. Thus, growing investments from airlines and increasing aircraft deliveries will create demand for advanced aircraft lighting systems that drive market growth across North America.

Commercial Aircraft Interior Lighting Industry Overview

The market for commercial aircraft interior lighting is fragmented, with several global and local players. Some prominent players are Collins Aerospace, STG Aerospace, Cobalt Aerospace, Safran SA, SELA, and Diehl Stiftung & Co. KG. The commercial aircraft interior lighting market is highly competitive. Product innovation is critical for the existing players to enhance their market presence. Moreover, long-term OEM contracts help companies maintain stable growth with increasing aircraft orders. For instance, Diehl Aviation and HAECO cabin solutions enter into a strategic commercial agreement to deliver a wide range of aircraft cabin interior components such as lighting systems, stowages, galleys, lavatories, seating, and reconfiguration engineering.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

5 MARKET SEGMENTATION
5.1 Aircraft Type
5.1.1 Narrow-body Aircraft
5.1.2 Wide-body Aircraft
5.1.3 Regional Aircraft
5.2 Light Type
5.2.1 Reading Lights
5.2.2 Ceiling and Wall Lights
5.2.3 Signage Lights
5.2.4 Lavatory Lights
5.2.5 Floor Path Lighting Stripes
5.3 Cabin Class
5.3.1 Economy Class
5.3.2 Business Class
5.3.3 First Class
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 South Korea
5.4.3.5 Rest of Asia-Pacific
5.4.4 Latin America
5.4.4.1 Brazil
5.4.4.2 Mexico
5.4.4.3 Rest of Latin America
5.4.5 Middle East and Africa
5.4.5.1 United Arab Emirates
5.4.5.2 Saudi Arabia
5.4.5.3 South Africa
5.4.5.4 Egypt
5.4.5.5 Rest of Middle East & Africa

6 COMPETITIVE LANDSCAPE

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

A selection of companies mentioned in this report includes

  • Collins Aerospace (United Technologies Corporation)
  • STG Aerospace Limited
  • Cobalt Aerospace Group
  • Safran SA
  • Diehl Stiftung & Co. KG
  • SELA Lighting Systems
  • Astronics Corporation
  • Luminator Technology Group
  • Schott AG
  • Cobham PLC
  • Soderberg Manufacturing Co. Inc.
  • Bruce Aerospace

For more information about this report visit https://www.researchandmarkets.com/r/t8a1fn

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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The company expects 3.8% passenger and 4.1% cargo growth.

Title:

Content: Boeing cuts 20-year industrywide outlook for planes

3 minute read

Signage for Boeing is seen on a trade pavilion at Farnborough International Airshow in Farnborough, Britain, July 17, 2018. REUTERS/Toby Melville/File Photo

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LONDON, July 17 (Reuters) - U.S. airplane maker Boeing Co trimmed its projected industrywide demand for airplanes over the next 20 years, but said it expects deliveries to be stable excluding the Russian market.

Boeing projects airlines worldwide will need 41,170 new airplanes over 20 years with half of the deliveries for replacement aircraft, and with single-aisle aircraft accounting for about 75% of planes.

Boeing's new market outlook, released on Sunday ahead of the Farnborough Airshow, is down from its previous rolling 20-year-forecast of 43,610 deliveries.

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The new estimate excludes the Russian market and its projection of 1,540 airplanes, because of the war in Ukraine and uncertainty about when manufacturers could again sell planes to Russian carriers.

Boeing slightly boosted its forecast for demand over the next 10 years to 19,575 airplane deliveries -- a higher projection even excluding the Russian market.

"That's a function of a depressed environment in 2021 falling off and a new trend year in 2031 being added," Darren Hulst, Boeing vice president for commercial marketing, told reporters in a briefing ahead of the Sunday release. "It comes very close to our 2019" outlook if Russia was included.

Boeing also dropped its industrywide passenger traffic forecast growth rate slightly to 3.8% from 4%, but boosted its cargo growth forecast to 4.1% from 4% last year. It cut its fleet growth forecast to 2.8% from 3.1%. Its forecast for widebody deliveries over 20 years fell from 7,670 to 7,230.

Boeing still projects the global airline fleet by 2041 will nearly double as it still sees a worldwide aviation demand COVID-19 recovery by early 2024.

Over the next 20 years Boeing said "long-term fundamentals remain intact."

"Our view of medium-term recovery -- when the industry gets back to 2019 levels of global airline traffic -- is largely unchanged" since 2020, Hulst said. "Overall, we still see late 2023, early 2024 as the time where the industry recovers to full or at least the level of pre-pandemic traffic."

Boeing sees strong near-term demand for aircraft despite recession risks.

"The global industry is still on a recovery trajectory back to where the normal relationship of GDP and traffic would be," Hulst said. "Any small blip from an economy standpoint would be probably overwhelmed by the demand that exists as a result of those normal economic relationships."

Boeing also projects the freighter fleet will grow 80% by 2041. Air cargo is performing at "historic levels," Hulst said, saying it is in part "a function of the increasing strategic value of air cargo relative to supply chains that are challenged and shipping that is challenged."

Boeing sees e-commerce networks as helping to drive a "strategic shift to air cargo even into the medium- and long-term. ... This isn't just a blip in terms of shipping versus air."

Hulst said the number of routes with more than one airline operating has more than doubled over the last two decades -- representing 70% of all capacity. It demonstrates "the continuous innovation that airlines need to have to continue to compete at lower costs to attract more and more traffic."

Air cargo still only accounts for 1% of global trade. "A small shift in terms of mode of transportation, of key elements of trade, makes a big impact in terms of demand for air cargo," Hulst said.

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Reporting by David Shepardson; Editing by Leslie Adler

Our Standards: The Thomson Reuters Trust Principles.

Airbus targets 720 commercial aircraft deliveries in 2023.

Title:

Content: Dubai: Qatar Airways and Airbus have moved on from their dispute over the A350s and undertaken a repair project to get the planes back in the skies, according to a senior official with the European aircraft maker.

Mikail Houari, President of Airbus’ Africa and Middle East operations, stressed that the settlement was not an admission of liability for either party. He also projected short-term pressures to air traffic because of a bleak global GDP outlook.

IATA, in its December report, said international traffic in 2022 climbed 152.7 per cent vs 2021 and reached 62.2 per cent of 2019 levels. How do you see the trend holding up in 2023?

Also read

Air traffic has been recovering continuously since travel restrictions were lifted, with a few notable exceptions. We expect short-term pressures from limited global GDP outlook, fluctuations in oil price and higher inflation, but these are likely to normalise within a few years. According to our latest forecast, demand for passenger traffic will grow annually by 3.6 per cent over the next 20 years.

According to your new annual report, gross commercial aircraft orders increased to 1,078 compared to 771 in 2021. Any projections for 2023?

Clearly, there is demand for Airbus products as demonstrated by the strong order book. While orders will remain strong, we can't expect every year to be a record one. The Airbus backlog stands at over 7,200 aircraft.

Assuming no additional disruptions to the world economy, air traffic and our ability to deliver products and services, our target is to achieve 720 commercial aircraft deliveries in 2023.

Airbus and Qatar Airways recently settled their dispute over the grounded A350 jets. How was this agreement reached?

Qatar Airways and Airbus are pleased to have reached an amicable and mutually agreeable settlement in relation to their legal dispute over A350 surface degradation and the grounding of A350 aircraft. A repair project is now underway and both parties look forward to getting these aircraft safely back in the air.

The details of the settlement are confidential and the parties will proceed to discontinue their legal claims. The settlement agreement is not an admission of liability for either party. This agreement will enable Qatar Airways and Airbus to move forward and work together as partners.

What kind of delays are you facing because of labour shortages affecting European countries right now?

We have moved from demand to supply pressures. The uncertainties along the supply chain are likely to continue for some time. But we also see that the overall supply chain challenges appear to be stabilising.

We maintain our assessment that the situation on the supply side will remain difficult in 2023. We have taken strong measures to deal with this additional complexity and to protect our ramp-up.

After 18 months of stability, our suppliers have transitioned from a full COVID-19 crisis mode to a ramp-up mode. This happens in a context of high prices, low stocks and re-hiring. We provided more visibility to suppliers than before - and this also gives us better visibility on their side for potential operational difficulties.

What’s next in the partnership with Etihad with respect to the A350?

Airbus’ Sustainability Engagement Program aims to investigate ways of improving aviation’s environmental performance, by providing a holistic view of short and long-term initiatives surrounding the Airbus fleet.

The Airbus A350 lies at the base of the ‘Sustainability50’ program, a partnership with Etihad, formed in 2021 to support the UAE’s road to achieving net zero emissions by 2050. The A350-1000 is setting new standards in air travel, with a 25 per cent reduction in fuel burn and emissions.

As part of our partnership with Etihad, we are working on exploring channels of cooperation in various areas such as sustainable aviation fuel, waste and weight management, and data driven analysis etc.

Are similar alliances in the works with other regional airlines such as Emirates?

Airbus is working towards the decarbonisation of aviation and is fully aligned with other industry actors. The journey to achieve Net Zero requires collaboration and investment and we are always open to opportunities and partnerships that have the potential to advance the decarbonisation of the aviation industry.

How much time do you anticipate it will take global airlines to fully transition to sustainable aviation fuel?

Over 100 million litres of SAF were produced in 2021 and according to IATA, more than 50 airlines around the world have experience with SAF. SAF can reduce emissions by up to 80 per cent on average during its full lifecycle.

The main challenge remains the emergence of a market to generalise the use of SAF. SAFs would have to be massively scaled up, and this could require investment anywhere from $10 billion to as much as $40 billion and upwards.

Currently, all Airbus commercial aircraft are capable of flying with an up to 50 per cent SAF blend mixed with kerosene and are targeted to be capable for 100 per cent SAF use in flight by the end of this decade.

Are all airlines, governments and fuel suppliers prepared for this transition?

This is a journey that all industry stakeholders have to collaborate on to achieve the desired outcome. There is a rising momentum in the aviation sector as governments and airlines align sustainability goals. We are already seeing governments and private sector undertake projects and announce initiatives to enhance sustainability (and) decarbonise the sector.

Which are the key markets that are specifically buying the A350?

We currently have 925 A350s on order from 54 customers. Qatar Airways is the largest operator of the A350, but we expect there to be ongoing demand for the aircraft as regional airlines move towards fleet modernisation and undertake carbon reduction initiatives.

The A350 family is a leader in sustainability fitted with the latest innovations that are redefining the future of flying. The A350 offers 25 per cent less fuel burn and CO2 emissions and 50 per cent less noise footprint compared to previous generation aircraft. Its versatility is evident with its flying range of up to 9,700nm/18,000 km.

What steps has Airbus taken to reduce its carbon footprint? Do you think it’s justified to target the aviation industry alone for carbon dioxide emissions?

We want to take a leadership position and are accelerating our own decarbonisation journey. We aim at reducing our industrial environment footprint at sites worldwide, developing a more circular model to optimise use of materials and reduce use of critical resources, and enhancing our product and services portfolio to positively contribute to climate change mitigation and adaptation.

We have the ambition to develop the world’s first zero-emission commercial aircraft by 2035 to ensure future generations can enjoy flying as much as we do. The aviation industry represents approximately 2.5 per cent of global human-induced CO2 emissions, surpassing the emissions contribution from many other industries.

We believe that aviation is not the problem but emissions are. Aviation will remain an essential mode of travel for the world, while being a crucial sector to many economies of the world in terms of its contribution to the gross domestic production.

Air India will acquire 250 Airbus aircraft. Over what duration will these planes be delivered?

The commitment includes 140 A320neo and 70 A321neo single-aisle aircraft as well as 34 A350-1000 and six A350-900 wide-body jets that will mark a new era for the country as the all-new, long-range aircraft celebrates its debut in the Indian market. Deliveries are set to commence with the first A350-900 arriving by late-2023.

The company has a backlog of over 7,200 aircraft.

The A350 offers 25 per cent less fuel burn and CO2 emissions.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

Airbus aims to develop zero-emission aircraft by 2035.

What is Airbus doing to achieve sustainable aviation?

It is working on adopting innovative strategies.

It is making efforts to improve aircraft efficiency.

The global aircraft seating market is expected to reach $8.7 billion by 2027, growing at a 6.8% CAGR.

Title:

Content: The Worldwide Aircraft Seating Industry is Projected to Reach $8.7 Billion by 2027

Dublin, IRELAND

Dublin, Nov. 14, 2022 (GLOBE NEWSWIRE) -- The "Aircraft Seating Market by Class (Business, First, Premium Economy, and Economy), End Use (OEM, Aftermarket, and MRO), Aircraft Type (NBA, WBA, RTA and Business Jets), Materials, Components and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The global aircraft seating market size is projected to grow from USD 6.3 billion in 2022 to USD 8.7 billion by 2027, at a CAGR of 6.8% from 2022 to 2027.

Increasing number of premium economy seats

Major airlines are increasing the number of premium economy seats in aircraft owing to their increasing popularity as an alternative to first class and business class seats. The premium economy class has been designed as a class between the first and business class to bridge the gap between the sardine style economy experience and the opulence of the business class. It offers wider seats, more legroom and finer dining and ismade for travellers who are unable to afford business class.

The premium economy class is major attraction for passengers as it is less expensive than business class and more comfortable than economy class. This has increased the rate of air travel as passengers wish to fly in comfort at the minimum cost. Thus, air traffic will increase, which will demand more arcraft and subsequently a greater number of aircraft seats.

Major airlines offer some level of premium service; Qatar Airways (Qatar), Ethihad (UAE), and Emirates (UAE). However, Emirates has announced a new premium class to be rolled out by December 2022. On the other hand, Sinagpore Airlines had initially wiped out first class Cabins until October 2021 and later resumed the services from March 2022 along with newly added premium economy seats. These changes reflect a shift in trends that place business as the new first class and the premium economy as the new business class.

Based on end use, the OEM segment of the aircraft seating market accounts for the highest CAGR during the forecast period

Based on end use, The OEM segment is expected to be projected to have the highest CAGR for the aircraft seating market during the forecast period. The OEM segment in the aircraft seating market growth is attributed to the increase in number of aircraft deliveries and increasing restructuring of aircraft seats by airlines to increase the seat capacity.

Based on Region, the North American segment of the aircraft seating market is projected to have the largest market share in 2022.

Based on the region, the North American region of the aircraft seating market is projected to grow at a rate of 7.3%. The presence of major OEM players in this region is driving the market. Major aircraft seating OEM manufacturing companies of North America, including HAECO (Hong Kong), Collins Aerospace (US), Adient Aerospace (US).

Based on Aircraft Type: The Narrow Body Aircraft is the fastest-growing segment of the aircraft seating market.

Based on aircraft type, the narrow body aircraft segment is projected to be the fastest growing segment of the aircraft seating. The increase in passenger traffic creates demand for economy seats in narrow body aircraft.

Major players operating in the aircraft seating market are Safran (France), Collins Aerospace (US), Geven S.p.A. (Italy), RECARO Aircraft Seating (Germany), and HAECO (Hong Kong).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Growth Opportunities for Players in Aircraft Seating Market
4.2 Aircraft Seating Market, by End Use
4.3 Aircraft Seating Market, by Class
4.4 Aircraft Seating Market, by Aircraft Type
4.5 Aircraft Seating Market, by Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Demand for Seats Installed with Ifec Systems
5.2.1.2 Increasing Number of Premium Economy Seats
5.2.1.3 Maintenance & Retrofitting of Existing Aircraft
5.2.2 Restraints
5.2.2.1 Shortage of Profitable Airlines in Emerging Economies
5.2.2.2 Stringent Regulatory Norms and Product Certification Procedure
5.2.3 Opportunities
5.2.3.1 Rise of Low-Cost Airlines
5.2.3.2 Growing Urban Air Mobility Platforms
5.2.4 Challenges
5.2.4.1 Regulations to Install 16G Seats in All Aircraft
5.2.4.2 High Installation Cost of Ifec Systems
5.3 Trends/Disruptions Impacting Customers' Businesses
5.3.1 Revenue Shift and New Revenue Pockets for Aircraft Seating Market
5.4 Aircraft Seating Market Ecosystem
5.5 Technology Analysis
5.6 Use Case Analysis
5.6.1 Use Case: Creating Efficient Seating Structures to Benefit Customers
5.6.2 Use Case: Aircraft Seating with Increased Leg Room
5.6.3 Use Case: Interspace Lite Seat Adaptation
5.7 Value Chain Analysis of Aircraft Seating Market
5.8 Pricing Analysis
5.8.1 Average Selling Price of Aircraft Seating, by Class
5.9 Volume Data
5.10 Porter's Five Forces Analysis
5.11 Key Stakeholders and Buying Criteria
5.12 Tariff and Regulatory Landscape
5.13 Trade Data Analysis
5.14 Key Conferences and Events in 2022-2023

6 Industry Trends
6.1 Introduction
6.2 Technology Trends
6.2.1 Advanced Material
6.2.2 Lightweight Aircraft Seat
6.2.3 In-Flight Entertainment (Ife) Technology
6.2.4 Titanium Seat
6.2.5 Smart Seats
6.3 Supply Chain Analysis
6.4 Impact of Megatrends
6.4.1 Implementation of Sustainability
6.4.2 3D Printed Seats Using Latticing
6.5 Innovations and Patent Registrations

7 Aircraft Seating Market, by End Use
7.1 Introduction
7.2 OEM
7.2.1 Increase in Aircraft Orders to Drive Segment's Growth
7.3 MRO
7.3.1 Increasing Demand for Seat Maintenance, Repair & Overhaul by Airlines
7.4 Aftermarket
7.4.1 Seat Upgrading to Boost Growth of Aftermarket Segment

8 Aircraft Seating Market, by Class
8.1 Introduction
8.2 First Class
8.2.1 First-Class Seat Components
8.2.1.1 Structures
8.2.1.1.1 New Additional Features for First-Class Seat Structures
8.2.1.2 Foams
8.2.1.2.1 New Developments in Aircraft Seat Foam
8.2.1.3 Actuators
8.2.1.3.1 Increasing Demand for Lightweight Seat Actuation Systems
8.2.1.4 Electrical Fittings
8.2.1.4.1 Provision of Usb Ports Along with AC/DC Power Outlets
8.2.2 First-Class Seat Materials
8.2.2.1 Cushion Filling Materials
8.2.2.1.1 Use of Polyurethane, Neoprene, and Polypropylene Foam in First-Class Seats
8.2.2.2 Structure Materials
8.2.2.2.1 Use of Plastic Moldings to Reduce Overall Weight of Aircraft
8.2.2.3 Upholsteries & Seat Covers
8.2.2.3.1 Use of Leather in First-Class Seat Upholsteries
8.3 Business Class
8.3.1 Business Class Seat Components
8.3.1.1 Structures
8.3.1.1.1 Growing Demand for Thinner Structure for Business Class Seats
8.3.1.2 Foams
8.3.1.2.1 Eight-Sided Foam Spring in Business Class
8.3.1.3 Actuators
8.3.1.3.1 Provision of Quiet Seat Motion in Business Class Seats
8.3.1.4 Electrical Fittings
8.3.1.4.1 Essential Parameter in Business Class Seats
8.3.2 Business Class Seat Materials
8.3.2.1 Cushion Filling Materials
8.3.2.1.1 Use of Foam with Fire-Blocking Textile
8.3.2.2 Structure Materials
8.3.2.2.1 Use of Alloys and Resins in Electrical Fittings
8.3.2.3 Upholsteries & Seat Covers
8.3.2.3.1 Use of Genuine or Artificial Leather to Enhance Customer Experience
8.4 Premium Economy
8.4.1 Premium Economy Class Seat Components
8.4.1.1 Structures
8.4.1.1.1 Additional Amenities Attracting Passengers
8.4.1.2 Foams
8.4.1.2.1 Use of Memory Foam in Premium Economy Seats
8.4.1.3 Actuators
8.4.1.3.1 High Demand for Seat Actuation Systems in Premium Economy Class
8.4.1.4 Electrical Fittings
8.4.1.4.1 Rising Demand for Configured Seats with Electrical Fittings in Premium Economy Class
8.4.2 Premium Economy Class Seat Materials
8.4.2.1 Cushion Filling Materials
8.4.2.1.1 Demand for Polypropylene, Neoprene, and Silicon
8.4.2.2 Structure Materials
8.4.2.2.1 Increasing Use of Composites and Plastic Moldings
8.4.2.3 Upholsteries & Seat Covers
8.4.2.3.1 Use of Polyester and Nylon Seat Upholsteries
8.5 Economy
8.5.1 Economy Class Seat Components
8.5.1.1 Structures
8.5.1.1.1 Demand for Lighter Seat Structure
8.5.1.2 Foams
8.5.1.2.1 Use of Foams to Make Thinner Economy Seats
8.5.2 Economy Class Seat Materials
8.5.2.1 Cushion Filling Materials
8.5.2.1.1 Less Usage of Cushion Filling Materials
8.5.2.2 Structure Materials
8.5.2.2.1 Use of Titanium Seats in Economy Class
8.5.2.3 Upholsteries & Seat Covers
8.5.2.3.1 Use of Fabric, Cotton, and Fr Polyester

9 Aircraft Seating Market, by Aircraft Type
9.1 Introduction
9.2 Narrow Body Aircraft (NBA)
9.2.1 Increase in Passenger Traffic Creates Demand for Economy Seats in Narrow Body Aircraft
9.3 Wide Body Aircraft (Wba)
9.3.1 Demand for Wba in Ultra-Long-Range Travel Sector
9.4 Business Jets
9.4.1 Innovation in Business Class Seat Architecture
9.5 Regional Transport Aircraft (RTA)
9.5.1 Increasing Demand for Turboprop Aircraft to Drive Market

10 Aircraft Seating Market, by Seat Type
10.1 Introduction
10.2 9G
10.2.1 9G Seats No Longer in Use
10.3 16G
10.3.1 16G Seats Mandatory for All Passenger Aircraft

11 Aircraft Seating OEM Market: Regional Analysis

12 Aircraft Seating Mro Market: Regional Analysis

13 Aircraft Seating Aftermarket: Regional Analysis

14 Competitive Landscape
14.1 Introduction
14.2 Revenue Analysis of Key Players, 2021
14.3 Market Share Analysis of Key Players, 2021
14.4 Company Evaluation Quadrant
14.4.1 Global Company Evaluation Matrix, 2021
14.4.1.1 Stars
14.4.1.2 Pervasive Players
14.4.1.3 Emerging Leaders
14.4.1.4 Participants
14.4.2 Competitive Leadership Mapping (SME)
14.4.2.1 Progressive Companies
14.4.2.2 Responsive Companies
14.4.2.3 Starting Blocks
14.4.2.4 Dynamic Companies
14.4.2.5 Competitive Benchmarking
14.5 Competitive Scenario and Trends
14.5.1 Product Launches
14.5.2 Deals

15 Company Profiles
15.1 Introduction
15.2 Key Players
15.2.1 Safran
15.2.2 Collins Aerospace
15.2.3 Recaro Aircraft Seating
15.2.4 Jamco Corporation
15.2.5 Haeco
15.2.6 Geven S.P.A.
15.2.7 Afi Klm E&M
15.2.8 Lufthansa Technik
15.2.9 Stelia Aerospace
15.2.10 Zim Aircraft Seating
15.2.11 Acro Aircraft Seating
15.2.14 Thompson Aero Seating Limited
15.2.15 Expliseat
15.2.16 Adient Aerospace
15.2.17 Jpa Design
15.3 Other Players
15.3.1 Inseat Solutions
15.3.2 Tsi Seats
15.3.3 Mac Interiors
15.3.4 Mirus Aircraft Seating
15.3.5 Ipeco Holdings Ltd.
15.3.6 Pitch Aircraft Seating Systems
15.3.7 Airgo Design
15.3.8 Molon Labe Seating
15.3.9 Pac Seating Systems
15.3.10 Iacobucci Hf Aerospace
15.3.11 Optimares S.P.A.
15.3.12 Intech Aerospace
15.3.13 Unum

16 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/dc34mz

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The narrow-body aircraft segment is the fastest-growing in the aircraft seating market, led by North America.

The global sustainable aviation fuel market is expected to reach $2987.5 million by 2027, growing at a 72.4% CAGR.

Title:

Content: Global sustainable aviation fuel market size to reach USD 2987.5 million valuation by 2027

The latest business intelligence report on ‘global sustainable aviation fuel market’ presents an unbiased analysis of the industry augmentation history and forecast statistics for 2021-2027.

Pune, INDIA

Pune, India, Oct. 28, 2021 (GLOBE NEWSWIRE) -- According to credible sources, global sustainable aviation fuel market size was remunerated at USD 66 million in 2020 and is estimated to record a strong CAGR of 72.4% over 2021-2027, eventually reaching a valuation of USD 2987.5 million by the end of study period.

Proceeding further, the research literature studies the market from the perspective of fuel type, biofuel blending capacity, biofuel manufacturing technology, platform, and geographies to highlight the key areas for investment during the forecast period. Moreover, it explicates the competitive landscape on the basis of the strategies, financials, and recent developments of the leading players in this business sphere.

With increasing environmental awareness, the aviation sector is looking to reduce carbon footprints and lower GHG emissions, hence adopting alternative solutions like renewable jet fuels, hybrid-electric and all-electric aircraft, enhancing aero-engine efficiency through design adjustments, and many more.

Request Sample copy of this Report @ https://www.marketstudyreport.com/request-a-sample/4219606/

However, when compared to other solutions, adoption of sustainable aviation fuels like synthetic fuels, e-fuels, bio jet fuels, green jet fuels, and hydrogen fuels is one of the most practical alternative solutions when it comes to socio-economic benefits and contributes notably to mitigating current and future aviation environmental impacts.

Moreover, airlines across the aviation sector are extending their commercial fleets due to increase in air travel. These factors are majorly driving global sustainable aviation fuel market growth.

For instance, Gevo, Inc. and Trafigura Trading LLC, entered into a binding renewable hydrocarbon purchase and sale agreement in August 2020. Trafigura will be capable of providing SAF to both domestic as well as foreign clients, having rising demand for low-carbon jet fuel.

Geographical outlook

Analysts cite that North America is likely to serve as a lucrative growth avenue for the worldwide sustainable aviation fuel industry participants throughout the study period, as countries such as the U.S. and Canada, are focusing on various programs to use renewable aviation fuel to assist in reducing carbon footprints due to increased air traffic and flying passengers.

Commercial Aviation Alternative Fuel Initiative (CAAFI), Canada's Biojet Supply Chain Initiative, and Midwest Aviation Sustainable Biofuels Initiative (MASBI) are some of the sustainable aviation fuel efforts that are undertaken by countries including the U.S. and Canada.

Moreover, North American market is one of the robust demand areas for sustainable aviation fuel owing to supportive regulations and measures to reduce aviation emissions.

To access a sample copy or view this report in detail along with the table of contents, please click the link below:

https://www.marketstudyreport.com/reports/global-sustainable-aviation-fuel-market-size-research

Global Sustainable Aviation Fuel Market, by Fuel Type (Revenue, USD Million, 2018-2027)

  • Biofuel
  • Hydrogen Fuel
  • Power to Liquid Fuel

Global Sustainable Aviation Fuel Market, by Biofuel Manufacturing Technology (Revenue, USD Million, 2018-2027)

  • Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK)
  • Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK)
  • Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (HFS-SIP)
  • Fischer Tropsch (FT) Synthetic Paraffinic Kerosene with Aromatics (FT-SPK/A)
  • Alcohol to Jet SPK (ATJ-SPK)
  • Catalytic Hydrothermolysis Jet (CHJ)

Global Sustainable Aviation Fuel Market, by Biofuel Blending Capacity (Revenue, USD Million, 2018-2027)

  • Below 30%
  • 30% to 50%
  • Above 50%

Global Sustainable Aviation Fuel Market, by Platform (Revenue, USD Million, 2018-2027)

  • Commercial Aviation
  • Military Aviation
  • Business & General Aviation
  • Unmanned Aerial Vehicle

Global Sustainable Aviation Fuel Market, Regional Terrain (Revenue, USD Million, 2018-2027)

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Mexico
  • Brazil

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe

Rest of the World

Global Sustainable Aviation Fuel Market, Competitive Dashboard (Revenue, USD Million, 2018-2027)

  • S.G. Preston Company
  • Red Rock Biofuels LLC
  • Aemetis Inc.
  • Velocys plc
  • Fulcrum BioEnergy Inc.
  • SkyNRG BV
  • World Energy LLC
  • Eni S.p.A.
  • Gevo Inc.
  • Neste Oyj

Table of Content:

Chapter 1. Executive Summary

1.1.         Market Snapshot

1.2.         Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Million)

1.2.1.     Sustainable Aviation Fuel Market, by Region, 2019-2027 (USD Million)

1.2.2.     Sustainable Aviation Fuel Market, by Fuel Type, 2019-2027 (USD Million)

1.2.3.     Sustainable Aviation Fuel Market, by Biofuel Manufacturing Technology, 2019-2027 (USD Million)

1.2.4.     Sustainable Aviation Fuel Market, by Biofuel Blending Capacity, 2019-2027 (USD Million)

1.2.5.     Sustainable Aviation Fuel Market, by Platform, 2019-2027 (USD Million)

1.3.         Key Trends

1.4.         Estimation Methodology

1.5.         Research Assumption

Chapter 2. Global Sustainable Aviation Fuel Market Definition and Scope

2.1.         Objective of the Study

2.2.         Market Definition & Scope

2.2.1.     Scope of the Study

2.2.2.     Industry Evolution

2.3.         Years Considered for the Study

2.4.         Currency Conversion Rates

Chapter 3. Global Sustainable Aviation Fuel Market Dynamics

3.1.         Sustainable Aviation Fuel Market Impact Analysis (2019-2027)

3.1.1.     Market Drivers

3.1.1.1. Rising need for reduction in GHG emissions in aviation industry

3.1.1.2. Growing air passenger traffic

3.1.1.3. High fuel efficiency of SAF

3.1.2.     Market Challenges

3.1.2.1. Price difference between SAF and conventional jet fuel

3.1.3.     Market Opportunities

3.1.3.1. Increasing demand for SAF by airlines over the world

3.1.3.2. Sustainable marine fuel

3.1.3.3. Government initiatives

Chapter 4. Global Sustainable Aviation Fuel Market Industry Analysis

4.1.         Porter's 5 Force Model

4.1.1.     Bargaining Power of Suppliers

4.1.2.     Bargaining Power of Buyers

4.1.3.     Threat of New Entrants

4.1.4.     Threat of Substitutes

4.1.5.     Competitive Rivalry

4.1.6.     Futuristic Approach to Porter's 5 Force Model (2018-2027)

4.2.         PEST Analysis

4.2.1.     Political

4.2.2.     Economical

4.2.3.     Social

4.2.4.     Technological

4.3.         Investment Adoption Model

4.4.         Analyst Recommendation & Conclusion

Chapter 5. Global Sustainable Aviation Fuel Market, by Fuel Type

5.1.         Market Snapshot

5.2.         Global Sustainable Aviation Fuel Market by Fuel Type, Performance - Potential Analysis

5.3.         Global Sustainable Aviation Fuel Market Estimates & Forecasts by Fuel Type 2018-2027 (USD Million)

5.4.         Sustainable Aviation Fuel Market, Sub Segment Analysis

5.4.1.     Biofuel

5.4.2.     Hydrogen Fuel

5.4.3.     Power to Liquid Fuel

Chapter 6.vGlobal Sustainable Aviation Fuel Market, by Biofuel Manufacturing Technology,

6.1.         Market Snapshot

6.2.         Global Sustainable Aviation Fuel Market by Biofuel Manufacturing Technology, Performance-Potential Analysis

6.3.         Global Sustainable Aviation Fuel Market Estimates & Forecasts by Biofuel Manufacturing Technology, 2018-2027 (USD Million)

6.4.         Sustainable Aviation Fuel Market, Sub Segment Analysis

6.4.1.     Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK)

6.4.2.     Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK)

6.4.3.     Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (HFS-SIP)

6.4.4.     Fischer Tropsch (FT) Synthetic Paraffinic Kerosene with Aromatics (FT-SPK/A)

6.4.5.     Alcohol to Jet SPK (ATJ-SPK)

6.4.6.     Catalytic Hydrothermolysis Jet (CHJ)

Chapter 7. Global Sustainable Aviation Fuel Market, by Biofuel Blending Capacity,

7.1.         Market Snapshot

7.2.         Global Sustainable Aviation Fuel Market by Biofuel Blending Capacity, Performance-Potential Analysis

7.3.         Global Sustainable Aviation Fuel Market Estimates & Forecasts by Biofuel Blending Capacity, 2018-2027 (USD Million)

7.4.         Sustainable Aviation Fuel Market, Sub Segment Analysis

7.4.1.     Below 30%

7.4.2.     30% to 50%

7.4.3.     Above 50%

Chapter 8. Global Sustainable Aviation Fuel Market, by Platform,

8.1.         Market Snapshot

8.2.         Global Sustainable Aviation Fuel Market by Platform, Performance-Potential Analysis

8.3.         Global Sustainable Aviation Fuel Market Estimates & Forecasts by Platform, 2018-2027 (USD Million)

8.4.         Sustainable Aviation Fuel Market, Sub Segment Analysis

8.4.1.     Commercial Aviation

8.4.2.     Military Aviation

8.4.3.     Business & General Aviation

8.4.4.     Unmanned Aerial Vehicle

Chapter 9.   Global Sustainable Aviation Fuel Market, Regional Analysis

Related Report:

Aviation Fuel Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026

Global Aviation Fuel Market is expected to exceed USD 325 billion by 2026. The rising construction and expansion of airports coupled with rising production and delivery of aircrafts are driving the market share. Latin America and Middle East & Africa will witness healthy growth in the aviation fuel market share owing to increasing tourism. Recovering economy in Latin America with cross border merger of the airliners will further fuel the industry demand. Steady growth in air traffic will positively influence the product penetration. Increasing demand of business jets in the MEA is the prime factor driving the regional growth. Few of the major players operating in the aviation fuel market include Shell, BP, Chevron, Gazprom, Reliance Petroleum, and IOCL among others. Industry players are entering into strategic agreements and partnerships for expanding their business share. For instance, in November 2019, BP signed a strategic technical services agreement with Sonangol for expanding its business in Angola.

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North America is expected to drive growth in sustainable aviation fuel due to government initiatives and airline adoption.

Airlines are adopting sustainable aviation fuels to reduce their carbon footprints due to rising air traffic and high fuel efficiency.

What is the main objective of the ReFuelEU Aviation initiative?

To increase demand and supply for sustainable aviation fuel

The global aviation fuel market is expected to exceed $325 billion by 2026, driven by sustainable aviation fuels.

Sustainable jet fuel is three to four times more expensive than conventional jet fuel.

Title:

Content: 12% of the total demand for fossil fuels from the aviation sector
2022 / 10 / 22 | 15: 16 - Source: Yes Iraq
(This is news from Iraq.)
YES IRAQ: FOLLOW
A virtual seminar hosted by the King Abdullah Petroleum Studies and Research Center (KAPSARC) discussed the drivers of increased energy demand in the aviation sector and the future of jet fuel.
The participants revealed that fossil fuels dominated the demand of the global aviation sector, accounting for about 12% of the total energy demand in the transport sector, second only to the road transport sector, noting that the traditional fossil fuels used in the road transport sector are being replaced by low-carbon alternatives.
The ICAO Carbon Offsetting and Reduction Plan for International Aviation has long-term objectives for the aviation industry, based on developments in aircraft technologies, operational and infrastructure improvements, and measures that include compensatory mechanisms, sustainable jet fuel and low-carbon jet fuel.
According to the seminar, the aviation sector transported more than $7 trillion in goods in 2019, in addition to transporting 4 billion passengers, as the pace of demand for aviation increased significantly in regional, local and international markets, creating about 70 million jobs in aviation and related industries in the world, but the pandemic caused the largest decline in the pace of demand in recent decades.
Before the COVID-19 pandemic, the aviation industry was characterized by affordable travel for consumers, leading to increased connectivity rates, while airlines made efforts to enhance efficiency through the passenger load factor, but it did not apply to cargo, noting that lower consumer prices increase efficiency and unit performance, i.e. lower emissions per passenger per kilometer.
They added that it is difficult for airlines to raise prices to increase revenues because the airline industry has become highly competitive even for routes they own, and the potential entry of new airlines and network structures puts more pressure on airlines, explaining that the pressure comes from rival airlines that go to the same destinations, but using alternative routes and as a result, competition in the aviation sector has intensified.
The participants pointed out that airlines aim to buy more airlines to control the market, avoid losing market share, and turn them into larger organizations using a variety of business models, noting that technical development, increased operational efficiency and the spread of alternative fuels in the future will play a critical role in creating more efficient aviation systems around the world. is an ongoing challenge in the years ahead.
They explained that the development of urban air mobility solutions through electric vertical take-off and landing technology of the future will depend to a large extent on the right policy framework being implemented.
They noted that the aviation industry and manufacturers are still working to address the current challenges associated with market evolution, new technologies and the use of fossil fuel-based fuels, and the deployment of non-fossil fuels and other alternative sources such as hydrogen and electric power, calling for policies and incentives to play a major role in supporting the global transformation of aviation to become more environmentally sustainable.
Participants stressed that the use of renewable energy at the stages of the low-carbon aviation fuel supply chain can reduce the carbon intensity of low-carbon aviation fuel, noting that this includes the use of renewable energy sources in oil fields and refineries and carbon capture and storage to reduce refinery emissions.
Recent studies of the world ’ s 9,000 oil fields and refineries at 500 refineries have shown that carbon intensity can be reduced by three factors: innovation-oriented policy formulation, the development and consumption of low-emission fuels, and the use of different technologies to reduce emissions.
Low-carbon jet fuel is at least 10% less carbon-intensive than commercial jet fuel.
They pointed out that the use of cooking oil as a biofuel for aircraft depends on the quantities used more than once, which may be limited availability, while electronic fuel has a low carbon intensity due to the level of emissions of commercial aircraft to zero in the combustion process, as well as the use of this type of fuel for renewable energy sources.
Participants noted that there is only one commercial technology for sustainable aviation fuel: the path of hydrogen-treated esters and fatty acids, so these esters will remain the main source of sustainable low-carbon aviation fuel over the next decade, while other technologies rely on facilities that are either under construction or at an early stage of commercial readiness.
Colloquium participants predicted that fully commercial technologies would be three to four times more expensive than the cost of the path of hydrogen-treated esters and acids.
While the price gap between sustainable jet fuel and conventional jet fuel is significant, the production of sustainable jet fuel through co-processing, which is not widely used in existing refineries, will become critical, particularly in areas where raw materials are available.
They pointed out that the main obstacle to sustainable aviation fuel, which prevents it from benefiting a real environment, is the way it is produced, pointing out that although sustainable aviation fuel is a key enabler to meet the industry ’ s emissions reduction aspirations, it helps the industry achieve the maximum reduction of carbon emissions.
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Major players like Gevo and Trafigura are investing in sustainable aviation fuels, indicating a growing trend towards sustainability.

What is the main objective of the ReFuelEU Aviation initiative?

To increase demand and supply for sustainable aviation fuel

The aviation sector accounts for 12% of transport energy demand, dominated by fossil fuels.

The International Civil Aviation Organization aims for low-carbon jet fuel that is at least 10% less carbon-intensive than commercial jet fuel.

Boeing forecasts 41,170 new aircraft deliveries over the next 20 years.

The global single-aisle aircraft market is expected to reach $222.20 billion by 2030, growing at a 12.5% CAGR.

The Asia-Pacific region is the largest in the single-aisle aircraft market, driven by growing demand for air travel.

Europe is expected to lead in growth, followed by the Middle East and Africa, driven by demand for fuel-efficient aircraft and airline expansion.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

The COVID-19 pandemic has accelerated safety and hygiene measures and next-generation fuel-efficient aircraft development.

What is Airbus doing to achieve sustainable aviation?

It is working on adopting innovative strategies.

It is making efforts to improve aircraft efficiency.

Narrow-body aircraft are expected to show the highest growth.

What does Cirium Fleet Forecast predict about the market share of new aircrafts?

In the next 20 years, Airbus A320 and Boeing 737 Max will account for 50% of deliveries of 150 seat planes.

North America will dominate the market, accounting for 23% of new aircraft deliveries.

Boeing and Airbus are well-positioned to capitalize on future demand for fuel-efficient and environmentally friendly aircraft.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on airlines?

They will accelerate the demand for aircraft replacement.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

The global aircraft market is expected to grow significantly, driven by next-generation fuel-efficient aircraft, with Boeing and Airbus well-positioned to capitalize.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

The global demand for new aircraft is expected to reach 43,610 in 20 years, with North America requiring 9,160.

China is expected to need 8,700 new aircraft in 20 years, amid a 70% global cargo fleet expansion by 2040.

The world will need 19,000 civilian aircraft worth $3.2 trillion, including 2,390 regional jets, by 2040.

By 2040, aircraft demand is expected to be 32,660 for single-aisle and 7,670 for wide-body.

The global civil aviation fleet will surpass 49,000 and Asia Pacific's passenger share will reach 21% by 2040.

The aircraft refurbishing market is expected to reach $7.89 billion by 2030, with a 7.49% CAGR and the wide-body segment at 9.1% CAGR.

Title:

Content: There were 768 press releases posted in the last 24 hours and 187,042 in the last 365 days.

Aircraft Refurbishing Market Poised to Reach $7.89 Billion by 2030; The Brainy Insights

The rising trend of business travels and VIP aircraft across the globe is propelling the growth of the aircraft refurbishing market.

The increasing trend of conversion of the passenger aircraft to the freighter aircraft, driving the demand for aircraft furbishing for passenger-to-freighter. ”
— Avinash D

NEWARK, UNITED STATES, April 15, 2022 /EINPresswire.com/ -- The Brainy Insights Launched a Study titled Aircraft Refurbishing Market Size by Aircraft Type (Wide-Body Aircraft, Narrow-Body Aircraft), Refurbishing Type (Passenger-To-Freighter, Commercial Aircraft Cabin Refurbishing, VIP Cabin Refurbishing Fixed-wing Aircraft), Fitting Type, Regions, and Global Forecast 2021-2030

The global aircraft refurbishing market is projected to grow from USD 4.51 billion in 2020 to USD 7.89 billion by 2030, at a CAGR of 7.49% during the forecast period 2021-2030. The aircraft refurbishing market is experiencing high growth, owing to rising demand for the refurbishing of the narrow body aircraft across the globe.

Get a Sample PDF of report @ https://www.thebrainyinsights.com/enquiry/sample-request/12611

The wide-body aircraft segment is anticipated to grow at the highest CAGR of 9.1% over the forecast period

The aircraft type segment is divided into wide-body aircraft and narrow-body aircraft. The wide-body aircraft segment is anticipated to grow at the highest CAGR of 9.1% over the forecast period. The wide-body aircraft can accommodate two passenger aisles, which make seven or more seating arrangements. The companies are increasing investment in refurbishing wide-body aircraft to offer comfort to the passengers. In addition, the rising demand for wide-body aircraft is boosting the demand for aircraft refurbishing.

The passenger-to-freighter segment is projected to grow at the highest CAGR of 8.5% over the forecast period

The refurbishing type segment includes VIP cabin refurbishing fixed-wing aircraft, commercial aircraft cabin refurbishing, and passenger-to-freighter. The passenger-to-freighter segment is projected to grow at the highest CAGR of 8.5% over the forecast period. The conversion of the passenger-to-freighter includes installation of a new cargo door, restructuring of the aircraft, installation of reinforcement, strengthening the aircraft floor, and modifying the electrical system. Increasing passenger-to-freighter conversion across the globe is driving the growth of the aircraft refurbishing market.

The passenger seat segment held the largest market share of 46.85% in the year 2020

The fitting type segment is divided into retrofit, IFEC and lighting, and passenger seats. The passenger seat segment held the largest market share of 46.85% in the year 2020. The passenger seats are the most utilized part of the commercial aircraft and, therefore, highly prone to tears, stains, damage, etc. Thus, the demand for passenger seats fitting in the aircraft refurbishing market boosts the market's growth over the forecast period.

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Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East, and Africa. The North America region dominated the global aircraft refurbishing market and held a market share of 41.56% in the year 2020. Most aircraft refurbishing centers are present in the North America region, which boosts the market’s growth in the region. Apart from this, the Asia Pacific region is expected to grow at the highest CAGR of 9.4% over the forecast period. Increasing focus on aircraft refurbishing in the countries such as India and China is fuelling the aircraft refurbishing market growth in the Asia Pacific region.

Competitive Analysis:

Major players in the global aircraft refurbishing market are Air France Industries KLM E&M, BE Aerospace, Ascent Aviation Services, Sabreliner Corporation, TIMCO Aviation Services, SIA Engineering Company, AAR, Zodiac Aerospace, Lufthansa Technik, Gulfstream , and GKN among others.

About The Brainy Insights:

The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients' objectives of high-quality output within a short span of time. We provide both customized (clients' specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients' requirement whether they are looking to expand or planning to launch a new product in the global market..

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Narrow-body aircraft refurbishing is in high demand, driven by an 8.5% CAGR in passenger-to-freighter conversions and a 46.85% market share for passenger seats.

North America dominated the global aircraft refurbishing market in 2020, with the Asia Pacific region expected to grow at 9.4% CAGR.