The global aircraft market is expected to grow significantly in the next decade, driven by demand for fuel-efficient aircraft, led by the Asia-Pacific region and followed by Europe.

The global passenger fleet is expected to grow 3.6% annually, reaching 47,200 aircraft by 2040, with China receiving 20% of deliveries.

The global Single-Aisle Aircraft Market is projected to reach USD 222.20 billion by 2030, driven by demand for fuel-efficient aircraft.

Boeing and Airbus lead the aircraft market, forecasting 41,170 and 39,000 deliveries, respectively, over the next 20 years.

The development of sustainable aviation fuels is a key trend in the aerospace market, driven by investments from companies like Boeing and Airbus, and supported by government policies.

Sustainable aviation fuel production is less than 0.1% of global demand, but the UAE and US aim to produce 700 million liters and 3 billion gallons, respectively, by 2030.

The aviation industry aims to achieve net-zero carbon emissions by 2050, with sustainable aviation fuels and climate tech expected to contribute significantly, including 37%, to decarbonization goals.

Low-carbon hydrogen and alternative fuels can aid sustainability, but their high cost, such as sustainable aviation fuel being 123% more expensive than conventional jet fuel, hinders climate tech adoption.

Organisations can accept a 9% cost increase for climate tech, but current environmental sustainability investment is less than $500 billion.

The global aerospace market is shifting towards efficiency and sustainability, driving growth in the aircraft leasing market with attractive tax policies and affordable lease rates.

The Asia-Pacific region, led by China, is expected to drive demand for fuel-efficient aircraft due to rising air traffic and economic development.

The global demand for new aircraft is expected to reach 39,490 by 2043, with 75% being single-aisle aircraft, and the Asia-Pacific region requiring 17,620 new aircraft.

North America will demand the most new aircraft, 9,160, over the next 20 years, with the global fleet expected to surpass 49,000 by 2040.

The Middle East's growing air travel demand, with 4% annual passenger traffic growth, will require 3,000 new commercial planes over 20 years and a fleet of 3,400 aircraft by 2041.

Airbus predicts 920 new aircraft will be needed in the Pacific by 2043 and aims to develop zero-emission aircraft by 2035.

The aviation industry accounts for 2.5% of global CO2 emissions, with its lighting market expected to grow at a 8.45% CAGR from 2023 to 2030.

The single-aisle aircraft market is expected to reach $222.20 billion by 2030, driven by demand for fuel-efficient aircraft, particularly those with turbofan engines, with the Asia-Pacific region being the largest market.

The global aircraft fleet is expected to reach 46,560 by 2042, with a 3.6% average passenger traffic growth rate, driven by increasing electrification and digitalization in the aviation industry.

By 2042, the average freight growth rate is expected to be 3.2%, with total aircraft demand reaching 40,850 units, including 2,510 cargo aircraft and 32,630 narrow-body liners.

The demand for fuel-efficient aircraft is expected to drive aerospace market growth, benefiting companies like Airbus and Boeing.

The aerospace industry contributes less than 4 percent to global carbon dioxide emissions, driving its focus on sustainability.

The aerospace industry aims for net-zero carbon emissions by 2050, as set by the International Air Transport Association (IATA).

Aviation accounts for 2.5% of human carbon emissions, with companies like Airbus exploring sustainable fuels and hydrogen engines to reduce them.

Companies like GE Aerospace have been testing and investing in sustainable aviation fuels since 2007.

Aircraft may soon fly using hydrogen fuel to reduce carbon emissions.

Business aviation demand is increasing, driving innovation and competition among manufacturers despite recession.

Aircraft manufacturers are investing in sustainable technologies, including fuel-efficient designs, electrification, and advanced materials.

Government legislation aims to support sustainable aviation through stricter fuel standards and eco-friendly practices.

The aerospace foam market is projected to reach USD 9.7 billion by 2032, driven by the need for improved fuel efficiency and reduced emissions.

BASF SE and Huntsman Corporation are leading the development of eco-friendly aerospace foams, primarily in North America.

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

Emirates is investing in sustainable jet fuel technology after posting an 81% revenue surge amidst pandemic recovery.

The Middle East's aircraft maintenance market and interior design market are expected to reach $137 billion and $1.26 billion, respectively, by 2030.

The global aviation industry, which accounts for 2% of emissions, is investing in digital technologies to increase efficiency and reduce emissions.

Technology is helping airlines reduce cabin maintenance costs and emissions.

The International Civil Aviation Organization set a global aviation net-zero target in 2022.

China is promoting clean transportation and reducing energy consumption through renewable energy and green airports.

Atkins predicts that sustainable aviation will require 44,000TWh of energy annually by 2070, a 5700% increase in energy generation.

Alternative fuels like SAF, eFuel, Hydrogen, and batteries are recommended to achieve net-zero targets, requiring double the world's current electricity demand by 2070.

A holistic approach is necessary for infrastructure planning and a sustainable aviation transition.

Boeing and Airbus dominate the competitive landscape of major aircraft manufacturers.

Airbus, Bombardier, Dassault, Embraer, and Gulfstream are major competitors in the business jet market.

The business jet market size was US$ 19.2 Billion in 2023 and is expected to reach US$ 27.0 Billion by 2032 at a 3.8% CAGR.

Major aircraft manufacturers also include Textron, Honda Aircraft, and Pilatus Aircraft.

In 2021, Boeing delivered 263 narrow-body aircraft, compared to Airbus' 533.

The global aircraft market is expected to grow significantly in the next decade, driven by demand for fuel-efficient aircraft, led by the Asia-Pacific region and followed by Europe.

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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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 passenger fleet is expected to grow 3.6% annually, reaching 47,200 aircraft by 2040, with China receiving 20% of deliveries.

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

The global Single-Aisle Aircraft Market is projected to reach USD 222.20 billion by 2030, driven by demand for fuel-efficient 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.

Boeing and Airbus lead the aircraft market, forecasting 41,170 and 39,000 deliveries, respectively, over the next 20 years.

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 development of sustainable aviation fuels is a key trend in the aerospace market, driven by investments from companies like Boeing and Airbus, and supported by government policies.

Title:

Content: Global aviation industry to move to carbon neutral trench oil by 2050 is the savior? ｜ TECH
Author: Sze Heng
Published: Updated:
Are traditional cars energy-intensive and carbon-intensive?
Switching to electric vehicles can greatly reduce emissions, and major cities and regions such as Seoul and Singapore have begun to gradually electrify.
As one of the key industries facing the task of reducing emissions, how to achieve carbon neutrality in the long term is uncertain.
But with the recent agreement by the International Air Transport Association on carbon neutrality goals, the path to reducing emissions for an industry that accounts for 2% to 3% of the world ’ s carbon emissions seems to be starting to clear, but there are still multiple breakthroughs to be made in aviation fuel.
On Monday (October 4), the International Air Transport Association (IATA), the world ’ s largest aviation industry association, announced an ambitious plan to become carbon neutral by 2050.
More than 50 airlines and energy companies, including Boeing, BP and Shell, have announced that they will replace 10% of aviation fuel with sustainable aviation fuel (SAF) by 2030.
This fuel is mainly made of recycled food oil, various types of animal and plant waste oil (commonly known as gutter oil), in addition, waste wood chips and some common solid waste are also the source of waste oil production.
According to IATA data, this fuel can be 80% lower than the carbon emissions of ordinary aviation kerosene, but still ensure sufficient power during the flight.
This puts the future of SAF in the aviation industry on track, but there is debate in the industry as to whether SAF is the best solution to the aviation industry ’ s emissions reduction.
Aviation industry cut emissions without "golden oil"
According to a report released by the World Economic Forum in November last year, in 2019, the world's SAF production was less than 220,000 tons, and commercial routes used more than 300 million tons of aviation kerosene, SAF probably only supply less than 0.1% of aviation kerosene.
According to the same report, even if all known SAF development projects are implemented, their supply will only reach about 1% of projected global aviation coal demand by 2030.
Meanwhile, hydrogen aircraft start-ups ZeroAvia, Boeing and Airbus, which are pushing for zero-carbon emissions, have included hydrogen or electric aircraft in their emissions reduction plans – both popular alternatives to SAF that could reduce emissions for the aviation industry, but their prospects are even more muted.
In the case of hydrogen energy, because of its high energy density (that is, the energy produced at the same weight is extremely high), it is called "energy for aviation".
However, due to the low density of hydrogen per unit volume, it is only possible to be loaded on aircraft after cooling and liquefaction. Even so, hydrogen storage tanks are still three times larger than fossil fuel tanks that provide the same energy, aircraft passenger load is reduced, and storage conditions as low as minus 253 degrees are required.
Airbus, which is betting on hydrogen-powered aircraft, is also working on a metal hydrogen storage tank and hopes to make its first test flight using the technology in 2025.
At present, the successful test flight of hydrogen or electric aircraft - such as the start-up MagniX, ZeroAvia, etc., are basically small short-range aircraft, the real commercial long-distance flight of the aircraft, but also need to make a revolutionary breakthrough in the above technical difficulties can be achieved.
Gutter oil expansion or can it be expected?
Compared to the technical difficulties that have not been solved for many years, biofuels are a more realistic and feasible solution.
In fact, many airlines have already started using biofuels, but most of them are mixed with standard aviation kerosene.
The main obstacles to the large-scale promotion of bio-aviation fuel are the production and cost issues.
Airbus has established R & D bases in France and Germany to develop metal hydrogen storage tanks. (Airbus)
According to McKinsey ’ s “Sustainable Aviation Fuels as a Pathway to Net-Zero Aviation ” report, SAF is 2.5 times more expensive than conventional aviation coal through current most affordable production methods (HEFA).
However, the UK government ’ s advisory body, the Climate Change Commission, estimates that in the long run, once these fuels are deployed on a large scale, the cost of a round-trip ticket from London to New York will increase by around £80 (about HK $850) – an acceptable price increase.
In addition, in recent years, governments have many supportive policies for SAF, and even forced coal suppliers to set a minimum SAF supply ratio to promote its growth.
In particular, the Norwegian government requires all suppliers to participate in at least 0.5% of SAF in all aviation coal starting in 2020, and aims to achieve an overall share of 30% by 2030.
In addition, the European Union has proposed to achieve the 2% target by 2025 and increase it to 5% by 2030, and the United Kingdom and the United States are also studying related measures or launching them in the near future.
IATA official Chris Goater said that in 2016, only two countries in the world implemented SAF-related policies, but now it has grown to 36 countries.
Although both hydrogen, electric and SAF are facing practical or technical difficulties, which makes aviation one of the most difficult industries to reduce emissions, IATA's carbon neutrality blueprint has to be multi-pronged, but in this, SAF is responsible for nearly 70% of the emission reduction tasks, the industry's confidence in SAF can be seen.
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What is Airbus doing to achieve sustainable aviation?

It is working on adopting innovative strategies.

It is investing in sustainable aviation fuel production projects.

What is the main objective of the ReFuelEU Aviation initiative?

To increase demand and supply for sustainable aviation fuel

Sustainable aviation fuel production is less than 0.1% of global demand, but the UAE and US aim to produce 700 million liters and 3 billion gallons, respectively, by 2030.

Title:

Content: Highlights

  • The Biden Administration released the U.S. National Blueprint for Transportation to detail the federal government's strategy to achieve net-zero emission reduction goals by 2050.
  • The Blueprint, developed by the U.S. Departments of Energy, Transportation, and Housing and Urban Development, along with the U.S. Environmental Protection Agency, provides a "framework of strategies and actions to remove all emissions from the transportation sector by 2050."
  • The Blueprint is meant to serve as a "guide for future policymaking and research, development, demonstration, and deployment in the public and private sectors."

The Biden Administration released the U.S. National Blueprint for Transportation Decarbonization (Blueprint) on Jan. 10, 2023, setting forth a comprehensive strategy for federal leadership and partnerships to decarbonize the transportation sector in order to achieve the economy-wide 2030 and 2050 emissions reduction goals.1

Background

The Biden Administration published a long-term strategy in November 2021 with a goal of achieving net-zero greenhouse gas (GHG) admissions by 2050 and 50 percent to 52 percent reductions from 2005 levels by 2030. The new Blueprint seeks to coordinate how to get there between all levels of government and in partnership with the private sector. The document stems from a September 2022 memorandum of understanding (MOU) between the U.S. Departments of Energy (DOE), Transportation (DOT) and Housing and Urban Development (HUD), along with the U.S. Environmental Protection Agency (EPA), which committed the agencies to release the Blueprint.

The transportation sector is the largest source of GHG emissions in the U.S., responsible for one-third of all emissions. Further, transportation is closely interconnected with other sectors of the economy. For example, electric vehicles (EV) rely on electricity generation and will have different implications for manufacturing relative to manufacturing of internal combustion engine vehicles. Specific strategies to reduce full life-cycle emissions associated with transportation activities are not addressed in the Blueprint, but they are needed to achieve the Biden Administration's goals.

Both the MOU and the subsequent Blueprint note billions of dollars in clean transportation investments in the recent Inflation Reduction Act of 2022 (IRA) and Infrastructure Investment and Jobs Act (IIJA), which was enacted in 2021. While Bipartisan Infrastructure Law (BIL) and IRA equip the U.S. with many of the appropriate tools for decarbonizing the transportation sector, implementation will be critical. The scope, scale and speed of the economic shift will continue to require solutions that leverage market forces and private sector investments, which government policies and investments are intended to jumpstart and guide.

Continued innovation, research, development and demonstration across the transportation industry will be necessary to further efforts to achieve net-zero carbon emissions by 2050. The Blueprint identifies key areas of focus that the agencies will target in the coming years, including EVs and supporting infrastructure, hydrogen and hydrogen refueling networks, and sustainable aviation fuels. Additional funding opportunities and incentives will continue to be made available to promote and further their development and demonstration.

According to the document, the four agencies created the Blueprint to serve as a guide for future policymaking and research, development, demonstration and deployment in the public and private sectors, all built upon five guiding principles:

  1. implement bold actions to achieve measurable results
  2. embrace creative solutions across the transportation system
  3. ensure safety, equity and access
  4. increase collaboration and
  5. establish U.S. leadership

The strategy will focus on research and investment to support deployment before 2030, then shift to scaling up clean solutions deployment between 2030 and 2040, and complete the transition between 2040 and 2050. The Blueprint's milestones are broken down as follows:

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Strategies to Decarbonize Transportation

The Blueprint focuses on each major transportation mode and identifies specific decarbonization opportunities and challenges, highlighting the roles of various clean technologies for various applications.

The Blueprint identifies three key strategies to implement immediately to achieve the nation's 2030 emissions reduction goals:

  1. increase convenience by improving community design and land use to prioritize access and proximity to work opportunities, community services and entertainment to reduce commute burdens
  2. increase options to travel more efficiently by enabling shifts to more efficient vehicles and reducing reliance on energy-intensive modes of transport
  3. transition to clean options by deploying zero-emission vehicles and fuels for all passenger and freight travel modes

The Blueprint acknowledged that the first two strategies will contribute to reducing GHG emissions and produce significant co-benefits. The Blueprint notes that the third strategy of transitioning to clean options is expected to drive the majority of emissions reductions.

Adoption and market penetration of clean technologies for travel modes is essential to transition to zero-emission vehicles and fuels. This involves adopting highly efficient zero-emission battery vehicles, hydrogen fuel cell vehicles and sustainable fuels for vehicles and applications that are more challenging to electrify.

The following figure provides a summary of vehicle improvement strategies and technology solutions for different travel modes.

imgb

Source: U.S. National Blueprint for Transportation

Applying the Strategies by Transportation Mode

Below is a summary of the Blueprint's application and its strategies by transportation mode.

Light-Duty Vehicles

49 percent share of current transportation emissions

With more than 280 million vehicles on the road, light-duty passenger vehicles (LDV) – cars, sport utility vehicles (SUVs) and pickup trucks – are the primary mode of passenger travel in the country and account for more than 75 percent of total U.S. passenger miles traveled. The fuel economy of new LDVs has improved by about 30 percent over the past 15 years, driven largely by regulations, including EPA GHG emissions standards and the Corporate Average Fuel Economy (CAFE) standards established by the National Highway Traffic Safety Administration (NHTSA).

The Blueprint cites increasing global sales and manufacturers' investments in EVs and battery development as evidence that EVs are clearly a viable technology to dramatically reduce GHG emissions from LDVs by 2050. The Blueprint presents strategies to ensure high market penetration of EVs over the next few decades. As such, the Blueprint underscores the importance of addressing EV charging and clean fuel infrastructure needs to enable every person and business to meet their mobility requirements.

Federal GHG Emissions Reduction Goals

  • achieve 50 percent of new vehicle sales being zero-emission by 2030, supporting a pathway for full adoption, and ensure that new internal combustion engine vehicles are as efficient as possible
  • deploy 500,000 EV chargers by 2030
  • ensure 100 percent federal fleet procurement be zero-emission by 2027

Strategy to Achieve Emissions Reduction Goals

  • implement policy and regulation to expand the market share and use of EVs, including:
    • potential GHG emissions and fuel economy policies at DOT and EPA to ensure internal combustion engine efficiency
    • tax credits and incentives established in the IRA to reduce costs of EVs and strengthen supply chains for domestic manufacturing
    • leveraging federal procurement to transition the federal fleet to EVs
  • continue EV charging infrastructure investments and planning to ensure access to convenient and affordable charging whenever needed
    • These actions will entail an equitable expansion of access to charging, including widespread public charging solutions for those without access to home charging (workplace, curbside, multi-unit buildings with shared parking) and ubiquitous fast-charging networks.
    • With the influx of EVs and the expectation that EVs will become one of the largest electricity load categories by 2050, development and implementation of solutions for effective vehicle-to-grid (V2G) integration are critical.
  • fund research and innovation that will continue to improve vehicle, battery and charger performance and reduce costs, leveraging investments from IIJA, IRA and the CHIPS and Science Act to develop a domestic EV manufacturing supply chain

Medium- and Heavy-Duty On-Road Trucks and Buses

21 percent share of current transportation emissions

While medium-duty and heavy-duty vehicles (MHDV) represent only 5 percent of total vehicles on the road, they are responsible for an outsized 21 percent of transportation emissions. MHDVs include a wide range of vehicles that vary in size from heavy-duty pickup trucks to long-haul semi-trucks. The use of these vehicles is correspondingly diverse, as this category encompasses vehicles used for local delivery, refuse collection, public transportation, long-haul goods delivery and many other purposes.

Virtually all MHDVs on the road today rely on internal combustion engines fueled with diesel (81 percent), gasoline (17 percent) and natural gas (1 percent).

The Blueprint notes increasing investments by manufacturers in zero-emission electric or hydrogen fuel cell electric powertrains. Since MHDVs are used for a variety of purposes, there will likely be a suite of zero-emission technology solutions in the future to cover various use cases. The Blueprint projects a strong role for hydrogen in the long-haul trucking sector, where the weight and size of vehicles, as well as the use case, makes battery power impractical.

Federal GHG Emissions Reduction Goals

  • aim to have 30 percent of new vehicle sales be zero-emission by 2030 and 100 percent by 2040
  • ensure 100 percent federal fleet procurement is zero-emission by 2035

Strategy to Achieve Emissions Reduction Goals

  • fund research and innovation to develop viable technologies to replace fossil fuel vehicles for all MHDV applications, with an emphasis on lower-cost and higher-energy-density batteries and fuel cell applications, as well as the use of clean hydrogen and sustainable fuels to fully decarbonize MHDVs
  • implement policy and regulation to reduce new vehicle GHG and criteria emissions and set ambitious targets for transitioning to zero-emissions vehicles on a timeline consistent with achieving economy-wide 2030 and 2050 emissions reduction goals
  • invest in strategic demonstration and deployment to support the build-out of interoperable EV charging and refueling infrastructure through coordinated planning, policy and funding opportunities

Aviation

11 percent share of current transportation emissions

As aviation demand continues to grow, the development and introduction of new aircraft and engines by manufacturers will be critical to reducing future emissions. With investments by industry and the federal government, new more fuel-efficient aircraft could be introduced.

The Blueprint emphasizes that sustainable aviation fuels (SAF) will be critical to the long-term decarbonization of aviation. The SAF production industry is still developing, but SAF production will also be aided by the new tax credits and a competitive grant program the IRA established.

Aviation decarbonization will require various vehicle and fuel solutions. In addition to SAF, battery electrification and hydrogen fuel are also potential options for replacing petroleum-based aviation fuels. These technologies can play an important role in the coming decades by decarbonizing short-distance flights and dedicated regional cargo routes. However, the Blueprint holds that they are not expected to provide a solution by 2050 for the medium- and long-haul flights that generate most of the aviation sector's carbon emissions.

Federal GHG Emissions Reduction Goals

  • reduce aviation emissions by 20 percent compared to a business-as-usual scenario
  • achieve net-zero GHG emissions from the U.S. aviation sector by 2050
  • catalyze the production of at least 3 billion gallons of SAF per year by 2030 and approximately 35 billion gallons by 2050 – enough to supply the entire sector

Strategy to Achieve Emissions Reduction Goals

  • policy and regulation to incentivize low-emission aviation innovations through new and breakthrough technologies, and to reduce emissions by providing access to and use of proven technologies from other transportation sectors
  • research and innovation to advance technological, operational and sustainable aviation fuels solutions to reduce emissions
  • expand stakeholder engagement and partnerships around the world to address the challenges and opportunities inherent in the international nature of aviation, including standards that incentivize the most effective technologies

Off-Road Vehicles

10 percent share of current transportation emissions

There are a wide range of engine sizes, power requirements, duty cycles and vehicle applications. Unlike most on-road vehicles, an off-road vehicle's engine typically provides power to propel the vehicle and to perform auxiliary work such as digging or harvesting. As a result, different applications in the off-road sector have specific requirements for ruggedness, durability and other operational constraints. Strategies for decarbonizing the off-road sector will leverage technologies similar to other sectors, including battery electric and fuel-cell EVs and sustainable fuels. However, the exact roles of different technologies and solutions across these use cases have many nuances. A deeper understanding of real-world operations and requirements is needed to enable comprehensive data-driven analysis that can identify viable pathways at the vehicle and system level.

Federal GHG Emissions Reduction Goals

  • work to establish specific targets
  • focus resources to develop technology pathways and set efficiency and zero-emissions vehicle and equipment targets

Strategy to Achieve Emissions Reduction Goals

  • increase targeted research and innovation efforts to better understand the spectrum of available technologies and collect real-world operational data to enable a deeper understanding of off-road vehicle and mobile equipment requirements
  • implement policy and regulation, including establishing GHG and efficiency standards for off-road vehicles and mobile equipment and setting ambitious targets for transitioning to zero- or low-emission technologies
  • invest in strategic demonstration to understand EV charging and clean fuel refueling infrastructure needs and support deployment through coordinated planning, policy and funding opportunities

Pipeline

4 percent share of current transportation emissions

While pipelines primarily transport fossil fuels today, in a future sustainable energy system, pipelines could also transport carbon dioxide to injection wells for carbon capture and sequestration and to other end users. They could also be used to transport hydrogen and other sustainable liquid fuels like SAF. There are several risks and barriers associated with the transportation of alternative fuels by pipeline, and potential integrity threats posed by different fuels must be fully examined and understood.

Federal GHG Emissions Reduction Goals

  • work to establish specific targets
  • by 2036, repair or replace 1,000 miles of high-risk, leak-prone, community-owned legacy gas distribution pipeline infrastructure, as well as an estimated reduction of 1,000 metric tons of methane emissions
  • eliminate leakages and enable use of pipelines for clean sustainable fuels

Strategy to Achieve Emissions Reduction Goals

  • policy and regulation that continue to increase the stringency of methane emissions limits, tackle emissions associated with pipeline operations and promote the viable use of electricity or other clean energy sources
  • infrastructure investments and improved design and planning for pipelines as made possible through provisions in the BIL
  • research and innovation to continue to develop tools and reporting systems for accurate disclosure of methane emissions, including direct measurement and remote sensing technologies; performance-based risk reduction for design, construction, operations, maintenance and fire protection of liquid natural gas (LNG) facilities; improved safety systems for underground natural gas storage facilities; and new technologies to mitigate risk posed by excavation damage to pipelines

Maritime Vessels

3 percent share of current transportation emissions

The maritime industry is international in scope, with the largest share of GHG emissions originating from international voyages. Therefore, effective decarbonization will require intergovernmental collaboration that aligns with industry and community needs.

Despite the variety of potential decarbonization fuels, technologies and policies in development, the best pathway for decarbonizing the maritime sector is unclear. New maritime technologies can be slow to be adopted, particularly when safety and operational standards still need to be established. Vessels have a long fleet turnover time – 30 years or more – so understanding the costs, standards and requirements is critical for long-term investment planning. Decarbonizing the sector by 2050 will require innovative practices, targeted regulations and a strong and immediate commitment to innovation and deployment of new and emerging technologies.

Federal GHG Emissions Reduction Goals

  • continue to support the Zero-Emission Shipping Mission (ZESM) goals to ensure that 5 percent of the global deep-sea fleet are capable of using zero-emission fuels by 2030, at least 200 of these ships primarily use these fuels across the main deep sea shipping route, and 10 large trade ports covering at least three continents can supply zero-emission fuels by 2030
  • support the U.S. domestic maritime sector by performing more research, development and demonstration into sustainable fuels and technologies and incentivize U.S. commercial vessel operators to move towards lower GHG emissions
  • work with countries in the International Maritime Organization (IMO) to adopt a goal of achieving zero emissions from international shipping by 2050

Strategy to Achieve Emissions Reduction Goals

  • research and innovation on viable alternative fuels and new technologies to determine the most promising paths to decarbonizing the maritime sector; promising fuels and technologies that can support maritime decarbonization include:
    • sustainable liquid and gaseous fuels
    • electric vessels
    • cold-ironing
    • energy efficiency and hybridization
    • renewable energy
    • exhaust treatment and carbon capture
  • international and domestic stakeholder engagement to develop and implement effective decarbonization strategies and regulation
  • infrastructure investments and improved design and planning in clean technologies and fuels for maritime applications funded through new and existing federal programs

Rail

2 percent share of current transportation emissions

The United States has the largest rail network in the world, and it is used primarily to support freight movement. While electric rail technologies are widely used worldwide, freight rail carriers in the U.S. almost exclusively use diesel locomotives. Intercity passenger and commuter carriers also heavily rely on diesel, though there are some partially or fully electrified lines. According to the Blueprint, the rail industry is currently exploring opportunities to maintain its comparative energy use advantage on a ton-mile basis by transitioning to direct use of electricity (e.g., overhead catenary charging, third-rail systems), batteries, hydrogen fuels, sustainable fuels or hybrid solutions.

Also, according to the Blueprint, the electrification of commuter rail fleets offers promising opportunities for further emissions reduction. Longer-distance rail for passengers and freight may require fuel technologies in addition to electric batteries and fuel cells to achieve emissions reductions goals, and pathways to total decarbonization still need to be determined.

Federal GHG Emissions Reduction Goals

  • work to establish specific targets
  • focus resources to develop technology pathways and set efficiency and zero-emissions vehicle targets
  • encourage greater use for passenger and freight travel to reduce emissions from road vehicles

Strategy to Achieve Emissions Reduction Goals

  • infrastructure investments in electric locomotives and the expansion of electrification corridors to help to accelerate the zero-emission transition; interoperability and infrastructure for clean fuel technology adoption will facilitate efforts.
  • multi-stakeholder collaborations to accelerate the deployment of rail technologies that reduce emissions and increase efficiency
  • research and innovation to advance technology through pilot projects, greater infrastructure investments and continued policy and regulation support that helps accelerate the growth of electrification of U.S. passenger rail system

Footnote

1. The Blueprint uses the term "decarbonization" to refer to all greenhouse gas (GHG) emissions.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

What is the main objective of the ReFuelEU Aviation initiative?

To increase demand and supply for sustainable aviation fuel

The aviation industry aims to achieve net-zero carbon emissions by 2050, with sustainable aviation fuels and climate tech expected to contribute significantly, including 37%, to decarbonization goals.

Title:

Content: ADVERTISEMENT

75% Organisations Say Net Zero Goals Not Achievable Without Climate Technologies: Capgemini

High green premiums mean further investment and regulation are required to ensure commercially viable products and services.

(Source: Freepik)

Many technologies that are able to address climate change are already available and will play a critical role in helping businesses reduce greenhouse gas emissions, according to Capgemini Research Institute’s recent report on climate technologies.

Three-quarters of organisations surveyed said they will not achieve their sustainability goals without climate technologies. However, 77% executives suggested that product costs are likely to increase due to the green premium attached to these technologies and they are unwilling to pay this markup.

The findings were derived from a survey of 1,350 senior executives from organisations that have plans to decarbonise or reach net-zero levels along with 500 large venture capitalists and financial services organisations, covering 16 industries across 13 countries, including India.

High Hopes From Climate Tech

Growth in climate technologies, including renewable power and electric vehicles, has helped accelerate decarbonisation efforts. Others such as low-carbon hydrogen, carbon capture and alternative fuels could help businesses achieve sustainability goals. The surveyed executives expect climate technologies to contribute to 37% of their organisation’s decarbonisation or net-zero goals, and 65% of organisations plan to increase investment in climate technology in the next two years.

Green Premium Barrier To Adoption

Close to eight in 10 (77%) executives suggested that their product costs are likely to increase due to investment in climate technologies. This can be attributed to factors such as higher R&D, capital and operating costs, plus cost of adapting manufacturing processes.

Research revealed that organisations are willing to accept around 9% increase in product cost due to the adoption of climate technologies. However, the existing green premium for clean products is significantly higher. For example, cost of low-carbon cement produced using carbon capture is estimated to be 75–140% higher than conventional cement, and sustainable aviation fuel is estimated to cost 123% more than conventional jet fuel.

Pockets Of Rapid Progress

There are pockets of rapid scale up in adoption of climate technologies, such as solar photovoltaic, electric vehicles, carbon capture for cement, green hydrogen for steel and SAF for the aviation sector. Executives in these industries expect rapid technology adoption—within three years for EVs, four years for solar PV, three years for SAF and within two years for carbon capture in cement.

Addressing The Investment Gap

Research found that, on an average, organisations plan to increase investment in climate technology by 7.7% in the next two years. However, average annual investment in environmental sustainability initiatives and practices across industries represented only 0.92% of total revenue in 2023.

This means the current investment in environmental sustainability of the top 2,000 largest companies globally represents less than $500 billion each year overall. This is a small portion of the $1.8 trillion of estimated global investment in clean energy in 2023, and far below the $4.5 trillion a year required in the early 2030s.

Venture capital funding and financial institutions are already filling some of the gap. The report found that 37% of surveyed VCs plan to increase investment in climate technologies in 2023, 48% for 2024 and 56% for 2025. Around 47% of asset management firms and banks planned to increase climate tech financing in 2023, with 46% planning to do so in 2024 and 53% in 2025. This increased investment will be focused on EVs (for 55% of them), decarbonisation software (45%), biofuels (36%) or nuclear (33%).

Low-carbon hydrogen and alternative fuels can aid sustainability, but their high cost, such as sustainable aviation fuel being 123% more expensive than conventional jet fuel, hinders climate tech adoption.

Organisations can accept a 9% cost increase for climate tech, but current environmental sustainability investment is less than $500 billion.

The global aerospace market is shifting towards efficiency and sustainability, driving growth in the aircraft leasing market with attractive tax policies and affordable lease rates.

Title:

Content: Aircraft Leasing Market Overview by Recent Opportunities, Growth Size, Regional Analysis and Forecasts to 2032

The global aviation industry is experiencing unprecedented growth, fueled by increasing air travel rates and the demand for efficient aircraft. In tandem with this growth, the aircraft leasing market has emerged as a critical component of the aviation ecosystem, providing airlines with flexible leasing options to meet their fleet requirements. A recent report by Report Ocean forecasts that the aircraft leasing market size is poised to exceed USD 453.2 billion by 2026, with a robust growth rate of 6.8% during the forecast period.

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Driving Factors Behind Market Growth

The surge in air travel rates is a primary driver propelling the demand for aircraft leasing. Airlines are opting for leasing arrangements to expand their fleets and meet the escalating demand for air travel. Aircraft leasing offers flexibility and cost-effectiveness compared to outright aircraft purchases, enabling airlines to optimize their fleet size based on fluctuating market conditions.

Aircraft leasing encompasses two primary lease types: dry lease and wet lease. In dry leasing, aircraft are leased without crew members, while wet leasing involves leasing aircraft along with trained crew, maintenance, and insurance. This flexibility allows airlines to tailor leasing agreements to their specific operational needs, further driving the adoption of aircraft leasing.

Additionally, factors such as the growth in global aviation industry, increasing regulations, demand for fuel-efficient commercial aircraft, attractive tax policies, and affordable lease rates contribute to the burgeoning aircraft leasing market. Emerging economies present significant growth opportunities for aircraft leasing, with technological advancements further enhancing the appeal of leasing options.

Regional Insights and Market Dynamics

Europe emerged as the highest revenue-generating region in the aircraft leasing industry in 2019, driven by high disposable income, advanced living standards, and the development of new aircraft. The region witnessed increasing adoption of aircraft leasing due to the operation of efficient commercial aircraft and technological advancements. However, North America is also a significant market for aircraft leasing, with well-established aviation infrastructure and a robust demand for air travel.

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Asia-Pacific is poised to exhibit substantial growth in the aircraft leasing market, propelled by countries such as China, India, and Japan. Rising air traffic, economic development, and increasing demand for air travel in the region contribute to the growing adoption of aircraft leasing. Latin America, the Middle East, and Africa also present lucrative opportunities for market players, driven by factors such as infrastructure development and tourism growth.

Competitive Landscape and Key Players

The global aircraft leasing industry is characterized by the presence of both international and small to medium-sized vendors. Leading companies such as Aviation Capital Group, Boeing Capital Corporation, Air Lease Corporation, and International Lease Finance Corporation dominate the market. These companies continually innovate and collaborate with other industry players to meet the evolving needs of consumers and launch new products to stay competitive.

Segmentation and Market Outlook

The aircraft leasing market is segmented based on lease type, aircraft type, and region. Dry leasing and wet leasing represent the primary lease types, catering to the diverse needs of airlines. Aircraft types include wide-body aircraft and narrow-body aircraft, each serving specific operational requirements. Regionally, North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa constitute the key market segments, offering insights into regional market dynamics and growth prospects.

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Future Outlook and Conclusion

In conclusion, the global aircraft leasing market is poised for significant growth driven by increasing air travel rates, demand for fuel-efficient aircraft, and favorable market conditions. As airlines seek to optimize their fleets and enhance operational efficiency, aircraft leasing emerges as a strategic solution to meet evolving market demands. With technological advancements and infrastructure development, emerging economies present lucrative opportunities for market players. As the aviation industry continues to soar to new heights, aircraft leasing remains a vital component facilitating the expansion and modernization of airline fleets worldwide.

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  • Representative and a price chain probability breakdown
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The Asia-Pacific region, led by China, is expected to drive demand for fuel-efficient aircraft due to rising air traffic and economic development.

The global demand for new aircraft is expected to reach 39,490 by 2043, with 75% being single-aisle aircraft, and the Asia-Pacific region requiring 17,620 new aircraft.

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

North America will demand the most new aircraft, 9,160, over the next 20 years, with the global fleet expected to surpass 49,000 by 2040.

The Middle East's growing air travel demand, with 4% annual passenger traffic growth, will require 3,000 new commercial planes over 20 years and a fleet of 3,400 aircraft by 2041.

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.
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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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Airbus predicts 920 new aircraft will be needed in the Pacific by 2043 and aims to develop zero-emission aircraft by 2035.

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?

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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.

What is Airbus doing to achieve sustainable aviation?

It is working on adopting innovative strategies.

What is Airbus' prediction of the market of aircraft in the Pacific region?

The region will need to receive 920 new aircraft over the next 20 years.

The aviation industry accounts for 2.5% of global CO2 emissions, with its lighting market expected to grow at a 8.45% CAGR from 2023 to 2030.

Title:

Content: Aircraft Lighting Market Expected to Achieve USD 4.41 Billion Value by 2030, Report by Fortune Business Insights™

The global Aircraft Lighting Market covered major segments By Aircraft Type (Fixed Wing and Rotary Wing), By Lighting Type (Interior Lights and Exterior Lights), By Point of Sale (OEM and Aftermarket), and Region.

Pune INDIA

Pune, India, Sept. 14, 2023 (GLOBE NEWSWIRE) -- The global aircraft lighting market size was valued at USD 2.26 billion in 2022 and is projected to grow from USD 2.50 billion in 2023 to USD 4.41 billion by 2030, exhibiting a CAGR of 8.45% during the forecast period.

The demand for luxury features in aircraft for high-end customers has created an opportunity for OEMs to produce and acquire aesthetically pleasing and luxurious lighting solutions. These lighting systems aim to enhance passenger comfort and safety during flights at high altitudes. Fortune Business Insights presents this information in their report titled "Global Aircraft Lighting Market, 2023–2030."

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Major Players Profiled in the Aircraft Lighting Market Report:

  • Astronics Corporation (U.S.)
  • Aveo Engineering Group s.r.o (Czech Republic)
  • Bruce Aerospace (U.S.)
  • Cobham plc (U.K.)
  • Collins Aerospace (U.S.)
  • Diehl Stiftung & Co. KG (Germany)
  • Honeywell International Inc. (U.S.)
  • Luminator Technology Group (U.S.)
  • Oxley Group (U.K.)
  • Safran (France)
  • Soderberg Manufacturing Company (U.S.)
  • STG Aerospace Limited (U.K.)

Report Scope & Segmentation:

Attributes Details
Forecast Period 2023-2030
Forecast CAGR 8.45%
2030Value Projection USD 4.41 billion
Market Size in 2023 USD 2.50 billion
Historical Data 2019-2021
No. of Pages 200
Report Coverage Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends
Segments Covered
  • By Aircraft Type
  • By Lighting Type
  • By Point of sale
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Aircraft Lighting Market Growth Drivers Rising Demand and Adoption of Energy-Saving Aircraft Lighting Supports Market Growth
Rising Aircraft Refurbishment Drive Market Growth by Extending Lifespan of Older Aircraft

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COVID-19 Impact

Disrupted Supply Chain and Decreased Demand Deterred Growth

The aviation industry was significantly impacted by the pandemic, leading to various challenges such as decreased passenger air traffic, delays in aircraft deliveries, and cancellations of aircraft orders. Furthermore, halt in airport operations, including the procurement of new aircraft and the creation of demand, disrupted the production process and the overall supply chain in aircraft production and procurement.

Segments

Fixed-Wing Dominates the Market with Strong Global Demand

By aircraft type, the market is segmented into fixed-wing and rotary-wing. The fixed-wing segment holds the largest market share, driven by robust global demand and widespread presence. The surge in demand for both commercial and military aircraft is a key factor contributing to the growth of the fixed-wing segment in the market.

Surging Demand for Premium Lighting Solutions Drives Growth of the Interior Lights Segment

By lighting type, the market is divided into interior lights and exterior lights. Due to the increasing utilization of modern-generation mood lighting and LED lights to ensure enhanced passenger safety and comfort, the interior lights segment is projected to experience substantial growth.

Customization and Maintenance Drive Dominance of Aftermarket Segment

By point of sale, the market is classified into aftermarket and OEM.
Driven by the increasing need for customized aircraft lighting, higher aircraft flight hours, growing air passenger traffic, and manufacturer-specified detailed inspections and bulb replacements, the aftermarket segment is projected to dominate the market over the forecast period.

By region, the market is segmented into North America, Asia Pacific, Europe, the Middle East, and the rest of the world.

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Report Coverage:

The report offers:
 • Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
 • Comprehensive insights into regional developments.
 • List of major industry players.
 • Key strategies adopted by the market players.
 • Latest industry developments include product launches, partnerships, mergers, and acquisitions.

Drivers and Restraints

Rise of LED Lights to Fuel Growth Driven by Energy Efficiency and Versatility

LED lights have gained preference over traditional bulbs in recent times due to their numerous advantages and versatile applications. This trend is expected to accelerate the development of energy-efficient LED lights for both exterior and interior use in aircraft. LED lights offer lower operational costs compared to other lighting options like fluorescent lamps. As a result, the adoption of LED lights and other advanced lighting systems is driving the growth of the market.

However, backlog of existing aircraft orders and delayed deliveries may stifle the aircraft lighting market growth.

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Detailed Table of Contents:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
    • Latest technological Advancements
    • Porters Five Forces Analysis
    • Supply Chain Analysis
    • COVID-Impact 19 Impact on Global Aircraft Lighting Market
  • Global Aircraft Lighting Market Analysis, Insights and Forecast, 2019-2030
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Aircraft Type
      • Fixed Wing
        • Commercial Aircraft
        • Military Aircraft
        • Regional Jets
        • Business Jets and General Aviation
      • Rotary Wing
        • Commercial Helicopter
        • Military Helicopter
    • Market Analysis, Insights and Forecast – By Lighting Type
      • Interior Lights
        • Signage lights
        • Ceiling & wall lights
        • Floor path lighting
        • Reading Light
        • Lavatory lights
      • Exterior Lights
        • Emergency lights
        • Navigation lights
        • Others
    • Market Analysis, Insights and Forecast – By Point of Sale
      • OEM
      • Aftermarket
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • Middle East
      • Rest of the World

TOC Continued…!

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Regional Insights

North America's Dominance Strengthened by Leading OEMs and Technological Advancements

North America is poised to maintain its aircraft lighting market share due to the presence of major aircraft OEMs such as Boeing and Bombardier, among others. Additionally, North America's position as the largest aviation market globally drives continuous technological advancements and innovative designs for aircraft lighting, further solidifying its leadership in the market.

Asia Pacific is anticipated to exhibit the highest CAGR over the forecast period. The region's growth is attributed to the increasing number of OEMs and rapid expansion of the aviation industry.

Competitive Landscape

Key Players Diversify Services to Thrive in the Market

The global market is characterized by a high degree of fragmentation, with numerous key players operating in the industry. These players are dedicated to offering a diverse range of energy-efficient solutions specifically tailored for both fixed-wing and rotary-wing aircraft.

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Key Industry Development

  • October 2022- Jet Aviation launched a latest addition to its aircraft lighting, a 55-inches curved OLED screen. The three OLED screens are strategically placed each side above the window line.

Read Related Insights:

Reusable Launch Vehicle Market to Be Worth USD 5.41 Billion By 2030; Increased Usage of High Payload Rockets to Drive Market Forward

LiDAR Drone Market is projected to grow USD 455.0 million by 2028, at a CAGR of 17.98%

Aero Wing Market Size to grow USD 20.35 billion in 2028 with exhibiting a CAGR of 8.98%

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Attachment

The single-aisle aircraft market is expected to reach $222.20 billion by 2030, driven by demand for fuel-efficient aircraft, particularly those with turbofan engines, with the Asia-Pacific region being the largest market.

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 aircraft fleet is expected to reach 46,560 by 2042, with a 3.6% average passenger traffic growth rate, driven by increasing electrification and digitalization in the aviation industry.

Title:

Content: The leaders of demand growth are expected to be Asian companies, mainly Chinese and Indian.
The total demand for aircraft in 2023-2042 will be 40,85 thousand units, including 32,630 thousand for narrow-body liners, 8,220 thousand for wide-body liners, Airbus predicts.
It is expected that in the next 20 years, the world ’ s airlines will replace about 17,17 thousand old aircraft with new, more energy-efficient liners.
In the future, the demand for aircraft will increasingly be determined by the need to replace the old generation, given that the aviation sector sets itself sustainable development goals, according to the Global Market Forecast 2023 review.
Demand for cargo aircraft in 2023-2042 is expected to reach 2,510 thousand units.
According to the forecast of Airbus, by 2042, the global fleet of aircraft will be 46,560 thousand, including 3,23 thousand cargo ships.
The average growth rate of passenger traffic in the world 2019-2042 will be 3.6%, freight - 3.2%, Airbus expects.
Last year, the aerospace corporation predicted total demand for aircraft in the next 20 years at 39,490 units.

By 2042, the average freight growth rate is expected to be 3.2%, with total aircraft demand reaching 40,850 units, including 2,510 cargo aircraft and 32,630 narrow-body liners.

The demand for fuel-efficient aircraft is expected to drive aerospace market growth, benefiting companies like Airbus and Boeing.

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 aerospace industry contributes less than 4 percent to global carbon dioxide emissions, driving its focus on sustainability.

Title:

Content: Dubai: While the global aviation industry continues to battle capacity issues, business jets have a slightly better outlook and seeing steady demand from individuals and corporate fliers. This interest is likely to feature prominently at the MEBAA Show taking place in Dubai next week.

As many as 8,500 visitors are expected to attend the show being organised at the Dubai Airshow site in Dubai World Central from December 6 to 8. Participants from 95 countries have already registered interest – the largest ever pre-event registration, says Ali Ahmed Alnaqbi, Executive Chairman of Middle East & North Africa Business Aviation Association.

“The tremendous rise of business aviation is a trend we are not only witnessing in the Middle East, but in key international markets, and we are committed to supporting this growth and taking the industry to new heights.”

There is a 10 per cent increase in exhibitors, and 42 of the exhibitors will be coming to the show for the first timeSustainability at the forefront

Sustainability, adoption of new technologies, and affordable Sustainable Aviation Fuel (SAF) will be the key talking points even as buyers and sellers sign millions of dollars in business deals. “Many companies involved in SAF development will be attending,” said Tim Hawes, Managing Director of Tarsus Group, the organizer. “They will have talks with local fuel companies to see the best way from the business aviation perspective to increase the use of SAF.

“We are also discussing with UAE’s GCAA (General Civil Aviation Authority) to start discussions with local fuel producers in respective countries in order to see the best way to increase the use of SAF,” added Alnaqbi.

The aviation industry on the whole contributes less than 4 per cent to global carbon dioxide emissions, and business jets make up a miniscule proportion of that. Even then, the industry has been at the forefront of developing new technologies to reduce emissions.

“The industry has been in talks with aircraft and engine manufacturers to speed up electric and hydrogen technologies, and the government to roll out legislation to the effect,” Alnaqbi added

Future of business aviation

“Business flying is no longer as expensive as it used to be,” added Alnaqbi. “There has been a tremendous surge in demand during the pandemic, and then Expo 2020 Dubai and now the World Cup in Qatar. There are many first-time flyers, who have converted from business class and first class commercial flying,”

While most of the global aviation industry had come to a standstill during the pandemic, business jets kept operating to some extent. “Whether it was repatriation flights or medical emergency operations, we kept things going.”

Recession impact

While commercial operators are facing a shortage of new aircraft delivery and also timely servicing of planes because of manpower shortages, business jets in a slightly better space. Reason? There is plenty of inventory in the secondhand market.

“Delivery shortages have affected the market in many ways, but that’s for new planes,” said Alnaqbi. “The secondhand aircraft market has peaked significantly. So the net effect is not so much. “That’s why we are here. Despite all market situations, we need to bring manufacturers and buyers together. This will pave the road for future growth.

The aerospace industry aims for net-zero carbon emissions by 2050, as set by the International Air Transport Association (IATA).

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Content: Dubai: Aerospace industry CEOs, executives, and officials will gather at the Dubai Airshow on November 14 as the pandemic’s first in-person aviation event takes off.

The air show, which will go on till November 18, will be the largest aerospace trade event to be held globally, with the cancellation of European shows Farnborough and Le Bourget in 2020 and 2021, respectively. The event, which is expected to pull in more than 85,000 visitors, will take place at its purpose-built venue -- Dubai Airshow Site -- at the Dubai World Central airport.

Also read

The mega event will have more than 1,200 exhibitors from 148 countries, displaying over 160 aircraft. It will also include a host of free-to-attend conferences featuring more than 250 industry experts who will share insights and trends across nine areas of expertise including cargo, sustainability, technology and space, among others.

Timothy Hawes, Managing Director at Tarsus Middle East, organisers of Dubai Airshow 2021 said: “The Dubai Airshow 2021 will be like no other – it is the first opportunity since the pandemic for industry professionals to come together again to share significant updates, game-changing initiatives, cutting-edge technologies and sustainable solutions set to revolutionise aviation. We stand at a unique moment in time after many aerospace businesses rapidly pivoted operations and invested in new technology to drive a new sustainable era for the industry.”

Dubai’s recovery

The air show comes as Dubai’s aviation sector bounces back from the pandemic, which led to the grounding of passenger jets and wiped out air travel demand across the world. Over the last year, Emirates and flydubai have slowly restored their networks as major markets opened for travel.

The Dubai Airshow is a testament to the emirate’s response to the pandemic, said Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, and Chairman and CEO of Emirates airline and group, during a media briefing earlier this month.

Dubai’s COVID-19 response was focused on “protecting the health and wellbeing of the people as a top priority, while minimising the impact of the crisis on the nation’s economy,” he had said.

Dubai’s aviation recovery is reflected in Emirates’ latest financial results. The airline posted an 81 per cent surge in its revenue to Dh24.7 billion in the April to September period this year. Emirates carried 6.1 million passengers between April 1 and September 30, 2021, up 319 per cent from the same period last year.

Focus on sustainability

Sustainability will be a top agenda for airlines at the air show amid increasing pressure from investors and activists to cut carbon emissions. The talk will mostly be about adopting more fuel-efficient aircraft and sustainable aviation fuels (SAFs).

In a landmark move in October, the International Air Transport Association (IATA) approved a resolution for the global air transport industry to achieve net-zero carbon emissions by 2050. The global aviation industry is responsible for around 2 per cent of all emissions – flights produced 915 million tonnes of carbon dioxide in 2019.

Cargo boom

Airlines will be in talks with the two major plane-makers – Boeing and Airbus – on potential freight aircraft orders amid a global supply crunch. “With international travel still severely depressed, there are fewer passenger planes offering belly capacity for cargo. And supply chain bottlenecks could intensify as businesses continue to ramp up production,” said Willie Walsh, IATA’s Director General, in a statement earlier.

Demand for freighters has gone through the roof during the pandemic with global consumers shopping online for everything from tech gadgets to groceries. Global demand, measured in cargo tonne-kilometers, was up 7.7 per cent compared to August 2019, according to the industry body.

Aircraft display

one of the biggest highlights of the show will be the static park and flying display, which will feature more than 175 of the world’s most advanced aircraft on ground and in the air. The Airshow will feature aerobatic displays from the UAE Air Force’s Fursan, the Russian Knights, the Saudi Hawks, Surya Kiran from India and the Sarang Team of the Indian Air Force. Checkmate, the next generation Sukhoi fighter jet will make its first international debut for the next generation Sukhoi fighter jet. The Boeing 777X and the Leonardo AW609 will also make debuts at this year’s Airshow.

Conferences

This year, Dubai Airshow has introduced a host of free-to-attend conferences featuring more than 250 industry experts, who will be providing more than 50 hours of invaluable insights and trends across nine tracks including cargo, sustainability, technology, and space among others.

VISTA

Aerospace startups will take part in the brand new startup hub where they will have the opportunity to showcase their breakthrough solutions, take part in pitch competitions with major local and global aerospace entities such as Etihad Airways, Mohammed Bin Rashid Space Centre (MBRSC), Amazon Web Services (AWS) and Boeing Applied Innovation. Entrepreneurs will also have the chance to get involved in mentorship programmes, workshops, and high-level networking with leading investors and accelerators.

There will be new aircraft demos from Bellwether Industries presenting the Antelope, an urban vertical take-off and landing vehicle with hidden propellers as well as Manta Aircraft’s ANN2, a two-seat model for personal air mobility with wide regional range at high speed.

Tech zone

Dubai Airshow 2021 will have a major focus on technology, providing a dedicated platform for showcasing the latest emerging technologies, including Artificial Intelligence (AI), 5G, cybersecurity and automation.

Dubai Airshow mobile application - A brand new feature for the show this year is the Dubai Airshow application, which harnesses the power of AI to facilitate business matchmaking based on profile and interest.

Aviation accounts for 2.5% of human carbon emissions, with companies like Airbus exploring sustainable fuels and hydrogen engines to reduce them.

Title:

Content: Human beings and nature are inseparable, sustainable development is the focus of human beings since the new century. Global sustainable development is economic, ecological and social multi-dimensional sustainable, facing a series of challenges such as energy shortage, climate change, population growth, epidemics, social inequality, etc., these problems need scientific and technological support, and finally achieve harmonious coexistence between human beings and nature.
At the 70th session of the United Nations General Assembly in 2015, 193 Member States signed the 17 Sustainable Development Goals (SDGs) and the 169 Agenda for Transforming Our World: The 2030 Agenda for Sustainable Development, which aims to comprehensively guide humanity on the path to sustainable development in three dimensions: social, economic and environmental.
On December 4, the BEYOND Organizing Committee made great efforts to build the Sustainable Development Goals (SDG) Summit. Under the chairmanship of Chen Yonglan, Senior Partner of Oerizer Fund Group and President of Asia Pacific China, Philipp Visotschnig, Vice President and Chief Financial Officer of Airbus China; Xue Wujun, General Manager of Huawei Digital Energy Global Market; Kasai Michihiko, General Manager of KDDI Open Innovation Fund; Leslie Maison, New Development Bank Asdorp.
An in-depth exchange on the topic “Global Opportunities and Challenges for Investing in Sustainable and Smart Infrastructure ”.
Focus on green energy for sustainable development
The key areas of the SDGs are climate change and sustainable infrastructure development.
The guests first shared with us how businesses support sustainable development.
Philipp Visotschnig, vice president and chief financial officer of Airbus China, said that the aerospace sector is facing sustainable development challenges, and climate change is the biggest challenge facing humanity today.
Aviation accounts for 2.5% of today ’ s human carbon emissions.
The SDGs need to be embedded in products, in the development process, in the way that will shape the future of the next decade.
Second, aviation and the internet are the only industries that really connect people and can bring people around the world together.
A regulatory framework that is fair to everyone should be established to find the right pricing.
Xue Wujun, general manager of Huawei Digital Energy Global Market, said that Huawei has always attached great importance to sustainable development.
On the one hand, Huawei releases a report on sustainable development every July; on the other hand, sustainable development is a strategy of Huawei, paying particular attention to green environmental protection, mainly from three aspects to achieve.
First, reduce carbon emissions.
The second is to promote a circular economy, and the third is to introduce renewable energy.
In terms of reducing carbon emissions, Huawei ’ s carbon emissions in 2020 fell by about 33.2% compared to 2012, exceeding the target of its 2016 commitment.
In promoting a circular economy, use recyclable and degradable environmentally friendly materials, and maximize the use of product materials, packaging materials.
In terms of introducing renewable energy, Huawei's manufacturing plants and several research institutes have installed photovoltaic power generation, which can generate 19 million kWh of electricity annually, equivalent to reducing carbon emissions by 9,000 tons.
Leslie Maasdorp, vice president and chief financial officer of the New Development Bank, sees the financial sector as playing a crucial role in driving carbon neutrality.
Most companies have announced goals to be carbon neutral by 2050.
This will lead to a number of business model changes.
Finance plays a crucial role in this.
Many banks have introduced new green financial instruments, and central banks have used regulatory powers to ensure that commercial banks encourage customers to invest more in the green space.
What ’ s more, consumers can recognize that their personal consumption behavior will affect environmental change, which is not the responsibility of banks, central banks, governments, this is the ongoing social change.
"Companies that are able to successfully innovate and deliver green products, green solutions will be the most successful, ultimately gaining greater value in the market," added Leslie Maasdorp.
Kasai Michihiko, managing director of the KDDI Open Innovation Fund, said that many companies see SDGs as an important business area.
But in reality it ’ s a social problem that “a company ’ s ideas or actions aren ’ t enough to solve the problem. ”
It requires collaboration and synergy between users, large companies, startups and governments. ”
Reduce Carbon Emissions and Help Achieve Carbon Neutrality
There has been a lot of discussion about whether aircraft use renewable energy or gasoline, and Philipp Visotschnig, vice president and chief financial officer of Airbus China, commented and shared the future trends.
Airbus has promised to be carbon neutral.
And it is ready to offset the growth in carbon emissions through financial mechanisms.
Second, Airbus is committed to achieving net CO2 emissions by 2050 and is working towards that end.
“We see two technologies that can control the growth of carbon emissions.
First, Airbus ’ long-term vision is to use hydrogen engines and commit to having the first hydrogen aircraft by 2035.
In addition, the medium-term solution is to use sustainable aviation fuels based on seaweed.
Airbus is working with engine manufacturers to get it certified.
It is also working with governments to create markets and ensure that airlines have the opportunity to take action.
At the same time, manufacturers also have the opportunity to make money.
2050 may seem a long way off, but we ’ re working on it.
First, using existing technology, we reduce emissions by 2.1% per year.
Second, since 1990, 10 billion carbon dioxide emissions have been reduced, and if future aircraft fly with hydrogen as fuel, and there is enough hydrogen available, 20 years from now Airbus and the aviation industry will really help reduce carbon emissions and be carbon neutral, ” Philipp said.
Subsequently, Xue Wujun also shared Huawei's specific means and measures to reduce emissions for users or industries.
As a communications equipment company, Huawei has previously placed great emphasis on helping customers achieve their values and goals through technological innovation.
Now carbon integration has become the world's broadest consensus, and customers are also paying great attention to it.
In response to the demand, Huawei established Huawei Digital Energy Technology Co., Ltd. in June 2021, which is committed to integrating digital technology and power electronics technology for innovation.
Carbon neutrality in the future is mainly to reduce carbon emissions to 0, the main source of carbon emissions is actually 40% from electricity, electricity is mainly the use of fossil energy, so the core of carbon integration is energy change.
In terms of power generation, Huawei replaces traditional fossil energy with renewable energy.
From clean power generation, efficient electricity consumption, to the electrification of transportation, the integration of digital technology and power electronics technology and the introduction of intelligent photovoltaic solutions, power generation can be increased by 2 to 3%, and operation and maintenance costs can be reduced by 50%.
To help customers and society as a whole use energy more efficiently through digitization and infrastructure, while saving energy use, and finally achieving a carbon-neutral goal.
Leslie Maasdorp, vice president and chief financial officer of the New Development Bank, then talked about how to help emerging economies achieve their goals, saying that the core and main task of the New Development Bank is sustainable development.
Since its inception, the NDB has never funded coal-fired power stations or mines. "Sustainable development is a goal we have always pursued, and the role of the development bank is to promote and solve problems.
We are working on a series of strategies where the historical responsibility for the climate crisis facing developing countries is relatively small, and we must find a policy to ensure that the transition to carbon neutrality is done in a fair and adjustable manner, taking into account the historical responsibility of the developed countries.
Therefore, as development banks, we must not only use our capital, but also find equitable ways to promote economic growth and sustainable development. "

What is Airbus doing to achieve sustainable aviation?

It is working on adopting innovative strategies.

It is investing in sustainable aviation fuel production projects.

Which manufacturer is going to test hydrogen engine for aircraft?

Companies like GE Aerospace have been testing and investing in sustainable aviation fuels since 2007.

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

Aircraft may soon fly using hydrogen fuel to reduce carbon emissions.

What does Airbus plan to do to bring the low-emission fuel to commercial air travel?

It plans to test hydrogen-powered engines on a modified A380 by 2026.

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

Business aviation demand is increasing, driving innovation and competition among manufacturers despite recession.

Aircraft manufacturers are investing in sustainable technologies, including fuel-efficient designs, electrification, and advanced materials.

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.

It is working on adopting innovative strategies.

Government legislation aims to support sustainable aviation through stricter fuel standards and eco-friendly practices.

Title:

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

Browse In-depth Market Research Report (128 Pages) on Aerospace Foam:

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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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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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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 aerospace foam market is projected to reach USD 9.7 billion by 2032, driven by the need for improved fuel efficiency and reduced 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.

BASF SE and Huntsman Corporation are leading the development of eco-friendly aerospace foams, primarily in North America.

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

Emirates is investing in sustainable jet fuel technology after posting an 81% revenue surge amidst pandemic recovery.

The Middle East's aircraft maintenance market and interior design market are expected to reach $137 billion and $1.26 billion, respectively, by 2030.

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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The global aviation industry, which accounts for 2% of emissions, is investing in digital technologies to increase efficiency and reduce emissions.

Technology is helping airlines reduce cabin maintenance costs and emissions.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

It is working on adopting innovative strategies.

The International Civil Aviation Organization set a global aviation net-zero target in 2022.

Title:

Content: On June 28 and 29, the weekly magazine held the 6th "Taiwan Great Future International Summit", with the theme "Technology, Sustainability."
With the theme of “Global Pulse, ”“ Key Technology Trends, ” “Innovative Technology and Green Vision, ” and“ Net Zero Sustainability Era, ” we hope to explore the new Bureau with nearly 30 heavyweight leaders from all walks of life at home and abroad in the midst of rapid change.
In the core issue of “Innovation, Technology and Green Vision ”, Lin Guoxian, Director of Civil Aviation Bureau of the Ministry of Communications, delivered a keynote speech on“ Low-carbon and Sustainable Civil Aviation Development ” and held talks with Taoyuan International Airport Company General Manager Fan Hsiao-lun, EVA Air Chief Vice President He Ching-sheng, and China Airlines Senior Vice President Peng Baozhu.
In his speech, Lin Guoxian said that China is currently actively promoting a clean transportation environment, with the policy goals of reducing energy consumption and greenhouse gas emissions, and reducing air pollution emissions. In addition to carbon reduction and pollution reduction measures, we also need to replace high pollution and high energy consumption vehicles, develop intelligent transportation systems, improve vehicle energy efficiency standards, and build a green transportation network with high energy efficiency.
Lin Guoxian also mentioned that the current global aviation CO2 emissions have risen from 34.3 billion tons in 2020 and 365 tons in 2021 to 36.8 billion tons in 2022. The global energy-related CO2 emissions in 2022 are 0.82% compared to 2021. The global aviation net zero target and carbon emissions have set long-term targets in the 41st General Assembly of the International Civil Aviation Organization (ICAO) in 2022. Special circumstances and capabilities (e.g. development level, aviation market maturity) to actively reduce carbon.
He pointed out that the amendment of the "Climate Change Response Law" on February 15, 2023 stipulates that the national long-term greenhouse gas reduction target is to achieve net zero greenhouse gas emissions by 2050 (base year 2005), and in 2020 China's total greenhouse gas emissions 285 million tons CO2e, air transport accounted for 2.05% of the total, which is equivalent to the international carbon emissions.
Lin Guoxian said that China's carbon reduction implementation direction in the planning of the aviation industry net zero blueprint, has been in line with the international carbon reduction implementation trend.
These include building energy-efficient transport networks, promoting new systems, replacing polluting aircraft, using renewable energy, and building green airports.
There have been good results so far.
In the future, government departments will need to work with airlines, airports, air service facilities, equipment suppliers, and even travelers to achieve the ROC's net-zero carbon emission goal.
# Lim Kwok-hsien # Development # Transportation # Goal # Civil Aviation

China is promoting clean transportation and reducing energy consumption through renewable energy and green airports.

Atkins predicts that sustainable aviation will require 44,000TWh of energy annually by 2070, a 5700% increase in energy generation.

Title:

Content: Powering the sustainable aviation revolution

Atkins aerospace experts predict 44,000TWh of energy will be needed annually by 2070 to produce new, sustainable aviation fuell

A recent report released by sustainable aviation experts at Atkins, a member of the SNC-Lavalin Group, has cautioned that meeting the net zero targets set for 2050 in the aviation industry will necessitate significant changes in sustainable energy and fuel production infrastructure, particularly if commercial air transport continues to expand as expected.

The white paper, titled "Alternative Fuels for Sustainable Aviation," highlights that reducing carbon emissions in the aviation sector is not solely dependent on aircraft emissions. The report recommends the use of a mixture of alternative fuel options such as SAF, eFuel, Hydrogen, and batteries to achieve the most effective solution.

However, it also warns that the industry must be ready for the significant implications of utilising these alternative fuels and batteries to achieve the most effective solution. However, it also warns that the industry must be ready for the significant implications of using these alternative fuels and emphasises the significant impact on future energy demand that will be required to produce them.

Will we be generating enough aircraft fuel?

Based on estimated energy efficiencies and the predicted fuel mix, Atkins predicts that generating the necessary global aircraft fuel demand will require 44,000 TWh of energy per year by 2070. This represents a 5700% increase from current aviation energy generation requirements and is almost double the world’s current electricity demand.

It's not just energy generation that is now a concern, other considerations, such as fuel transportation and storage requirements, will also have to be taken into account.

Andrew Caughey, Sustainable Aviation Lead – Aerospace, Atkins says: “Aviation emissions are hard to abate, but not impossible. The sector is making huge strides in its efforts to accelerate the development of new fuels and aircraft that will help deliver zero emission flight. These advances have a wider impact beyond the aerospace industry. Whilst the future mix of low carbon alternative fuel is yet to be determined, the production, storage and transportation of fuels has implications for energy and airport infrastructure and their emissions need to be considered across the whole lifecycle, from ‘source to force’.

“Regions, governments, airports and the wider industry must adopt a holistic approach to scenario modelling when creating masterplans for the infrastructure and ecosystems that will drive the future of sustainable aviation. By understanding the full fuel mix and energy demands for sustainable aviation, governments can use the insight to inform their policy makers and actions – whether that be introducing emissions KPIs, green fuel subsidies, demand management or investing in innovation and development. Integrated system-level planning is vitally important in achieving the transition and must take into account future energy predictions.”

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Alternative fuels like SAF, eFuel, Hydrogen, and batteries are recommended to achieve net-zero targets, requiring double the world's current electricity demand by 2070.

A holistic approach is necessary for infrastructure planning and a sustainable aviation transition.

Boeing and Airbus dominate the competitive landscape of major aircraft manufacturers.

Title:

Content: 1.
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Economy of China
C919: Chinese Airbus competitor
10 April 2024
Global air mobility is booming, especially in emerging markets such as India and China.
Chinese aircraft manufacturers now also want to compete with aircraft giants Boeing and Airbus.
https: / / p.dw.com / p / 4edQk

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 40% in 180+ seat planes, according.

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

What is the market share of Boeing and Airbus in the twin-aisle aircraft?

Accounting for approximately 65% of the total value of deliveries of mid-size aircraft with 250 to 300 seats.

What is the position of China's COMAC in global aviation industry?

It will likely take 20 years for it to compete with Airbus or Boeing on a global scale, according to Willie Walsh, the IATA president.

Airbus, Bombardier, Dassault, Embraer, and Gulfstream are major competitors in the business jet market.

Title:

Content:
Business Jet Market Share, Size, Trends, Segments And Forecast By 2024-32Business Jet Market

(MENAFN- IMARC Group) The latest report by IMARC Group, titled“ Business Jet Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032 “, The global business jet market size reached US$ 19.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 27.0 Billion by 2032, exhibiting a growth rate (CAGR) of 3.8% during 2024-2032.

A business jet, also known as a private jet, is a specialized aircraft designed and manufactured for the specific needs of corporations, businesses, and affluent individuals. These jets are equipped with modern amenities, advanced technology, and luxurious interiors, ensuring a premium travel experience that emphasizes privacy, comfort, and efficiency. They offer flexibility in scheduling, enabling executives and professionals to adhere to tight schedules, attend multiple meetings in different cities within a single day, or respond rapidly to emerging opportunities or challenges. The global market for business jets caters to various industries, including finance, entertainment, government, and technology sectors. Business jets serve as a symbol of status, excellence, and innovation, reflecting the dynamism and ambition of the organization or individual that utilizes it. They also provide a secure and confidential environment for conducting business, fostering negotiations, and strengthening relationships. In recent years, there has been a growing trend toward customizing business jets to meet individual preferences and unique requirements, further adding to the allure and distinctiveness of this mode of transport.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/business-jet-market/requestsample

Business Jet Market Trends and Drivers:

The global business jet market is primarily driven by the rising demand for enhanced mobility, time efficiency, and personalized travel experiences among corporate executives and high-net-worth individuals. The continuous globalization of business and expansion of multinational corporations necessitates rapid and flexible transportation solutions, propelling market growth. Moreover, innovations in technology, design, and comfort features are attracting new customers, while the trend toward fractional ownership and leasing options is making business jet travel more accessible to a broader range of companies and individuals. Along with this, the growing awareness of the strategic advantages of business jet travel in terms of productivity, convenience, and competitive edge is fueling the market expansion. In addition, the emergence of eco-friendly business jet models, with improved fuel efficiency and reduced carbon emissions, aligns with the global push toward sustainability and responsible corporate citizenship. This, coupled with robust economic growth in emerging markets, regulatory support, and a shift toward more flexible and adaptive business practices, is supporting market growth. Furthermore, governments and regulatory bodies are increasingly facilitating the use of business jets by easing restrictions and streamlining certification processes, making it easier for companies to operate business jets. In line with this, the escalating demand for pre-owned business jets, as more companies and individuals seek cost-effective options for private air travel, is augmenting the market growth. Besides this, the incorporation of cutting-edge technologies such as advanced avionics systems, in-flight entertainment, and connectivity solutions is enhancing the appeal of business jets to tech-savvy customers and businesses looking to offer state-of-the-art travel experiences. Other factors, including the need for fast and efficient travel, the emergence of specialized services like maintenance, repair, and overhaul services, rising demand for long-range business jets, and evolving travel preferences toward private aviation, are also creating a positive market outlook.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

  • Light
  • Medium
  • Large

Breakup by Business Model:

  • On-Demand Service
    • Air Taxis
    • Branded Charters
    • Jet-Card Programs
  • Ownership
    • Fractional Ownership
    • Full Ownership

Breakup by Range:

  • < 3,000 NM
  • 3,000 – 5,000 NM
  • > 5000 NM

Breakup by Point of Sale:

  • OEM
  • Aftermarket

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • Airbus
  • Bombardier Inc.
  • Dassault Aviation
  • Embraer S.A.
  • Gulfstream Aerospace
  • Honda Aircraft Company
  • Pilatus Aircraft
  • Piper Aircraft
  • Saab AB
  • Textron Inc.
  • The Boeing Company

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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The business jet market size was US$ 19.2 Billion in 2023 and is expected to reach US$ 27.0 Billion by 2032 at a 3.8% CAGR.

Major aircraft manufacturers also include Textron, Honda Aircraft, and Pilatus Aircraft.

In 2021, Boeing delivered 263 narrow-body aircraft, compared to Airbus' 533.