The global aerospace industry is shifting towards greater efficiency and sustainability, driven by increasing demand for fuel-efficient aircraft and growing concerns about climate change.

The Asia-Pacific region is expected to be the growth engine for aircraft demand, with China leading in aircraft deliveries and accounting for 20% of the total.

The demand for fuel-efficient aircraft is driven by various factors, including the need to reduce greenhouse gas emissions, with the airline industry emitting 800 megatons of CO2 annually.

The use of sustainable aviation fuel can reduce carbon emissions by up to 70 percent, making it a key driver of demand for fuel-efficient aircraft.

The global single-aisle aircraft market is expected to reach $222.20 billion by 2030, growing at a CAGR of 12.5% from 2023-2030, with the Asia-Pacific region being the largest market.

Boeing and Airbus are well-positioned to capitalize on future demand for new, fuel-efficient aircraft, with both companies investing in research and development and sustainable aviation solutions.

The aerospace market is expected to experience significant growth in the coming decades, driven by demand for fuel-efficient aircraft and the need for airlines to reduce their emissions.

The industry is shifting towards greater efficiency and sustainability, with a focus on electrification, sustainable aviation fuels, and advanced materials.

The EU aims to reduce aviation emissions by 5% by 2030, and 70% of aviation fuel should be environmentally friendly by 2050.

Airbus aims for 100% SAF capability by 2030, demonstrating its commitment to reducing emissions and increasing fuel efficiency.

The demand for fuel-efficient aircraft is driven by the need to reduce emissions, with air travel accounting for increasing global emissions.

The solutions to reduce emissions from air travel include modernizing airspace and using sustainable fuels, with the French banning short-haul flights to reduce emissions.

The aerospace composites market is driven by the demand for high-strength, lightweight materials, which can reduce fuel consumption and carbon footprints.

The global aerospace composites market grew 14.1% in 2023, and is projected to reach $51.83 billion by 2027, driven by the demand for fuel-efficient aircraft.

The global fleet is expected to increase by 36,400 vessels by 2034, with spending in maintenance growing 20 percent by 2034.

Boeing and Airbus are expected to deliver over 1,200 aircraft in 2023, with North America holding the largest market share of aircraft landing gear.

The aircraft landing gear market will reach USD 10.63 billion by 2031, growing at a CAGR of 4.9% from 2024-2031.

About 45,000 fuel-efficient aircraft are expected to be delivered by 2040, with $2.9 trillion spent on new aircraft over 20 years, and 70% of deliveries will be single-aisle jets.

China is expected to lead with a 20% share in aircraft deliveries, and 80% of existing passenger aircraft will be retired by 2040.

The industry expects 3,500 freighter deliveries over the next 20 years, with single-aisle jets valued at $1.6 trillion, and the dual-aisle aircraft market worth $1.1 trillion.

Boeing and Airbus are major players in the global commercial aircraft market, with airlines acquiring new fuel-efficient aircraft to replace older models.

Rising air travel demand translates to higher production rates for commercial aircraft, and aging aircraft require replacement with newer models, driving demand for landing gear.

The global single-aisle aircraft market is projected to reach $222.20 billion by 2030, growing at a CAGR of 12.5% from 2023-2030.

The narrow-body aircraft segment is the largest in the single-aisle aircraft market, driven by the demand for fuel-efficient options.

Turbofan engines are leading the growth in the aircraft engine market due to their higher efficiency and reduced emissions.

The Asia-Pacific region is the largest market for single-aisle aircraft, while Europe is expected to lead in growth due to the demand for fuel-efficient options.

Airlines are investing in next-generation fuel-efficient aircraft to achieve sustainability and reduce their carbon footprint.

The electrification of aircraft systems is a growing trend, with manufacturers focusing on reducing the carbon footprint of their aircraft.

The global aircraft leasing market is expected to exceed USD 453.2 billion by 2026, growing at a rate of 6.8% during the forecast period.

The demand for fuel-efficient commercial aircraft is driving the growth of the aircraft leasing market.

Europe is the highest revenue-generating region in the aircraft leasing market, while the Asia-Pacific region is expected to exhibit substantial growth.

The global aerospace industry is expected to experience significant growth in the coming decades, driven by increasing demand for fuel-efficient aircraft and shifting regional market dynamics.

The industry is shifting towards greater efficiency and sustainability, with a focus on electrification, sustainable aviation fuels, and advanced materials.

The demand for fuel-efficient aircraft is driven by various factors, including the need to reduce greenhouse gas emissions, with the airline industry emitting 800 megatons of CO2 annually.

The use of sustainable aviation fuel can reduce carbon emissions by up to 70 percent, making it a key driver of demand for fuel-efficient aircraft.

The global sustainable aviation fuel market is expected to reach USD 2987.5 million by 2027, with North America serving as a lucrative growth avenue.

Asia Pacific and Europe are also key regions for the sustainable aviation fuel market, with biofuel being a major fuel type.

The aviation sector consumes nearly 8 percent of the world's refined petroleum products, with the US leading aviation fuel consumption at 1.4 million barrels per day.

The COVID-19 pandemic cut fuel consumption by almost half, but full recovery in aviation fuel demand is expected by 2027.

New aircraft are expected to increase aviation fuel efficiency by 2 percent annually, with fuel costs representing 20 to 25 percent of total airline expenses.

The global jet fuel demand is expected to remain below 2019 levels due to slow recovery, with airlines often pre-hedging their fuel purchases to protect against price fluctuations.

The EU requires 2% of aviation fuel to be environmentally friendly by 2025, with 70% of aviation fuel expected to be environmentally friendly by 2050.

Hydrogen can be used as an environmentally friendly aviation fuel, with 300 biorefining plants needed to achieve the EU's goals.

The Asia-Pacific region is the largest region in the Single-Aisle Aircraft market, with Europe leading in terms of growth.

The market for single-aisle aircraft is expected to grow at a CAGR of 12.5% from 2023-2030, with narrow-body aircraft being the largest segment.

Turbofan engines lead in growth due to higher efficiency and reduced emissions, with airlines investing in next-generation fuel-efficient aircraft for sustainability.

The demand for fuel-efficient aircraft is driven by the need to reduce emissions, with the aerospace foam market expected to reach USD 9.7 billion by 2032.

The use of lightweight materials can reduce fuel costs, with governments implementing stricter fuel consumption standards for aircraft.

The global aircraft leasing market is expected to exceed USD 453.2 billion by 2026, with Europe being the highest revenue-generating region.

The demand for fuel-efficient aircraft drives aircraft leasing market growth, with airlines opting for leasing to expand fleets and meet air travel demand.

The US leads the aerospace composites market, with Asia-Pacific being the fastest-growing region.

The demand for lightweight materials drives the aerospace composites market, with carbon fiber composites being used in the aerospace industry.

High-strength materials can reduce fuel consumption and emissions, with major players including Solvay and Toray Industries Inc.

Technological advancements accelerate the development of aircraft, with regional dynamics influencing demand for fuel-efficient aircraft.

The global single-aisle aircraft market is projected to reach $222.20 billion by 2030, growing at a CAGR of 12.5% from 2023-2030.

The narrow-body aircraft segment is the largest in the single-aisle aircraft market, driven by the demand for fuel-efficient options.

Turbofan engines are leading the growth in the aircraft engine market due to their higher efficiency and reduced emissions.

The Asia-Pacific region is the largest market for single-aisle aircraft, while Europe is expected to lead in growth due to the demand for fuel-efficient options.

Airlines are investing in next-generation fuel-efficient aircraft to achieve sustainability and reduce their carbon footprint.

The electrification of aircraft systems is a growing trend, with manufacturers focusing on reducing the carbon footprint of their aircraft.

Boeing and Airbus delivered over 1,200 aircraft in 2023, with the companies continuing to invest in research and development to improve fuel efficiency.

The aircraft landing gear market is valued at USD 7.21 billion in 2023 and is expected to reach USD 10.63 billion by 2031, growing at a CAGR of 4.9%.

North America is expected to hold the largest market share in the aircraft landing gear market throughout the forecast period.

The European market is expected to experience moderate growth, driven by the presence of major manufacturers such as Airbus and Leonardo.

The global aircraft leasing market is expected to exceed USD 453.2 billion by 2026, growing at a rate of 6

The global aerospace industry is shifting towards greater efficiency and sustainability, driven by increasing demand for fuel-efficient aircraft and growing concerns about climate change.

The global aerospace industry is shifting towards greater efficiency and sustainability, driven by increasing demand for fuel-efficient aircraft and growing concerns about climate change.

The global aerospace industry is shifting towards greater efficiency and sustainability, driven by increasing demand for fuel-efficient aircraft and growing concerns about climate change.

The Asia-Pacific region is expected to be the growth engine for aircraft demand, with China leading in aircraft deliveries and accounting for 20% of the total.

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 demand for fuel-efficient aircraft is driven by various factors, including the need to reduce greenhouse gas emissions, with the airline industry emitting 800 megatons of CO2 annually.

Title:

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Sustainable Air Travel Could Happen, Although the Options are Challenging

Could we ever fly sustainably? Learn why that answer is yes and what types of fuel could help the environment.

By Miranda Lipton
May 23, 2024 1:00 PM
(Credit: Ivan Marc/Shutterstock)

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The airline industry spews about 800 megatons of CO2 into the atmosphere each year, roughly 2 percent of total greenhouse gas emissions. There is an increasingly need to decarbonize air travel, but that doesn’t mean that we’ll be cutting the cord on it anytime soon.

Air travel is imperative for global connectivity, with roughly 100,000 flights in transit every day carrying people and goods around the world. Aircrafts come with a lengthy list of qualifications, like the need to be lightweight, fuel efficient, reliable, cost effective, quickly refuelable, and able to fly long distances – it’s not so easy to change them.

The looming question that emerges is: Can flying ever truly be sustainable? Maybe it can, though biofuels are likely a near-term bridge to a future in which aircrafts are powered by hydrogen or even electricity. But none of these options come without their set of challenges.

Sustainable Aviation Fuel

November 2024 marked a milestone in the field of aviation. Virgin Atlantic's Flight100, a Boeing 787, embarked on the world's first transatlantic flight from London to New York powered entirely by biofuel – fuel derived from organic matter rather than fossil fuels.

The fuel, known in the industry as Sustainable Aviation fuel (SAF), is derived from renewable or recycled waste such as corn grain, oil seeds, algae, other fats, oils, and greases, agricultural residues and more. It boasts substantially fewer carbon emissions — up to 70 percent less than traditional jet fuel.

Parallel to the advancements in SAF, H2Fly’s hydrogen-powered four-seater aircraft took to the skies in Slovenia late last year.

“Alternatives for liquid fuels in aviation are largely hydrogen or electrical, but those technologies are nowhere near where we are with SAF,” says Andrew Chen, principal of aviation decarbonization at RMI. “The beauty of SAF is it’s a drop-in fuel,” so it can go into existing aircrafts, says Chen.

Read More: Airlines Prepare for Greener Future

What Does SAF Come From?

Flight100 set a record as the longest flight to use 100 percent SAF, challenging the current 50 percent SAF blending limit for commercial flights. Flight100's liquid blend consists predominantly of material from waste fats, and a small portion of synthetic kerosene, a type of jet fuel made from plant sugars.

Although some SAF can be created through the utilization of already-available waste materials, a much larger portion will have to be manufactured. This can be done through growing feedstocks, the organic materials used to produce biodiesel – which can be environmentally taxing in itself.

“You need a lot of land to grow all those crops, there’s only so much waste material that you can make liquid fuels from. You don’t even have enough waste oils from all the world’s restaurants to power one airport,” says Lewis Fulton, director of the Energy Futures Program at the University of California Davis.

Aamir Shams, senior associate of climate aligned industries/aviation at RMI called out the steep competition for feedstocks among industries, and the necessity to explore new feedstocks that do not require land usage – such as algae and camelina.

SAF can also be created using electricity and carbon waste, which Fulton points to as the most feasible long-term option – as they don’t require nearly the land that biofuels do. That is, if they can be accessed at a reasonable price point.

“Then it becomes a question of whether you can get enough CO2 to support the volume that you need. CO2 is expensive,” says Fulton.

Read More: The Other Solar Power: How Scientists Are Making Fuel From Sunlight and Air

Shifting to Sustainable Travel

Biofuels are cheaper to produce, and the manufacturing infrastructure is already in place to do so, making them the near-term alternative that airlines are looking to. As of 2022, over 30 airlines have announced their plans to shift to SAF.

To use hydrogen in an aircraft, it needs to be stored as either a liquid or a gas.

Storing liquid hydrogen requires extremely low temperatures, which complicates its use, but by opting for liquid over pressurized gaseous hydrogen, H2Fly could double its fuel capacity and flying range.

Electric air travel struggles with the same limitations as it relates to flying range. Electric aircrafts already exist and are flying short-distance commercial routes, but Chen says the battery technology won’t be able to sustain medium to long haul flights until at least 2030.

Yet the energy efficiency of battery-powered aircrafts is distinctly advantageous – about 70 percent of the energy used to charge the battery can actually be utilized by the aircraft, whereas hydrogen and synthetic fuel hover at an efficiency of around 20 to 30 percent.

Read More: How the U.S. Could Have an All-Renewable Energy Grid

The Costs of Sustainable Flights

With SAF as the leading short-term prospect for an alternative jet fuel, governments, corporations, and airlines are scrambling to create an economic outcome that makes it feasible for the typical consumer.

Traditional kerosene jet fuel in the U.S. retails around $2.85 a gallon, while SAF hovers around $6.69 per gallon. The premium price stems from the scant availability of SAF, paired with the high costs of producing and blending the sustainable fuel.

Even with a prioritization on the cheaper fuels, projections indicate that by 2030, the shift to SAF could translate into an increase in ticket prices ranging from $3 to $14.

However, unlike the technological hurdles that come with hydrogen, “the challenge with SAF is not the technology, it’s the mandates,” says Orlando O. Spencer from OOS Group.

Government policies and shifts in carbon pricing and subsidies could play pivotal roles in narrowing this cost disparity. President Biden created tax credits for farmers using land to create biodiesel, and a target through the U.S. SAF Grand Challenge for the U.S. to produce 35 billion tons of SAF per year by 2050, with a near-term goal of 3 billion by 2030.

And while governments can stimulate production, corporations will need to contribute the bulk of the initial capital to support it. Governments worldwide have begun to recognize the importance of SAF, with mandates in the U.S., U.K., and EU aiming for a 10 percent SAF usage by 2030.

Read More: How to Save Planet Earth

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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 use of sustainable aviation fuel can reduce carbon emissions by up to 70 percent, making it a key driver of 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.

What is the main objective of the ReFuelEU Aviation initiative?

To increase demand and supply for sustainable aviation fuel

The global single-aisle aircraft market is expected to reach $222.20 billion by 2030, growing at a CAGR of 12.5% from 2023-2030, with the Asia-Pacific region being the largest market.

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%.

Request Sample Brochure @

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.

Customize The Report According to Your Needs @

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.

Purchase Full Report @

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.

About Us:

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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Boeing and Airbus are well-positioned to capitalize on future demand for new, fuel-efficient aircraft, with both companies investing in research and development and sustainable aviation solutions.

Title:

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

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 working on adopting innovative strategies.

It is making efforts to improve aircraft efficiency.

The aerospace market is expected to experience significant growth in the coming decades, driven by demand for fuel-efficient aircraft and the need for airlines to reduce their emissions.

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

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

What 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 industry is shifting towards greater efficiency and sustainability, with a focus on electrification, sustainable aviation fuels, 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 working on adopting innovative strategies.

It is investing in sustainable aviation fuel production projects.

It is making efforts to improve aircraft efficiency.

What is the main objective of the ReFuelEU Aviation initiative?

To increase demand and supply for sustainable aviation fuel

The EU aims to reduce aviation emissions by 5% by 2030, and 70% of aviation fuel should be environmentally friendly by 2050.

Title:

Content: From electric planes to taxi-drones.
What to expect from the future of aviation
Photo by Shutterstock, DELFI
Text: Baiba Krastina, Raivis Viluns, Delfi Bizness
The journey of one passenger from Riga to Paris and back by plane brings an average of 684 kilograms of carbon dioxide (CO2) emissions.
The same emissions are emitted by a medium-sized car that travels 80 kilometers per week for a year.
Over the past half century, air travel has developed very quickly.
In 1960, traveling by plane was expensive - only a few could afford it.
During the year, 100 million passengers went on the flight.
In less than 60 years, in 2019, the world already had 4.56 billion air passengers.
Cargo transportation, tourism, business, geopolitics, and more are all closely related to the availability of air travel.
But in addition, it is one of the industries for which it is quite difficult to become "green": electric passenger and cargo aircraft are not yet an option, and sustainable energy sources cannot replace aviation fuel.
The pandemic stopped air traffic for a while.
In 2022, when the recovery from the pandemic began and the aviation industry returned to its usual rhythm, air travel accounted for about 2% of global CO2 emissions (80% of pre-pandemic levels).
As the world struggles to reduce CO2 emissions to slow down climate change, aviation will not escape the new reality.
In 2023, at the UN Climate Conference, representatives of more than 100 countries decided to reduce global carbon dioxide emissions from aviation by 5% by 2030.
However, the previous project provided for a reduction of 5-8%.
The goal was decided to lower because of China and other developing countries, who feared it would harm their economies.
As with other green targets, Europe is leading the movement to reduce aviation emissions.
However, according to experts, it is not so simple.
Green fuel
In 2023, the European Parliament approved a green air transport plan.
Airports and fuel suppliers in the EU are required to ensure that by 2025 at least 2% of aviation fuel is produced on an environmentally friendly basis.
This figure will increase every five years.
As a result, by 2050, 70% of aviation fuel should be environmentally friendly.
Part of this fuel should become synthetic - that is, it must be produced from renewable energy sources of non-biological origin.
The main speaker on this issue, Spanish MEP Jose Ramon Bausa Diez, noted that this decision will not only reduce emissions, but also make Europe a leader in the field of environmentally friendly aviation fuel.
The European Aviation Safety Agency (EASA) explains that hydrogen, for example, can be used as an environmentally friendly aviation fuel.
Theoretically, it can also be obtained from solid household waste, oil and other sources.
However, the scale of production of environmentally friendly aviation fuel raises concerns.
Speaking to Euractiv, Stephen Duly, an assistant professor at Trinity College Dublin and aviation fuel expert who heads the Ryanair Research Center at the university, said Europe has set itself very specific goals.
But it is not clear how they will be achieved.
In addition to the 69 traditional biofuel processing plants, 300 more biorefining plants are needed to achieve the EU ’ s goals.
Currently, there are plans to build about 30 such plants in Europe.
In 2022, 127 million liters of environmentally friendly aviation fuel were produced, and in 2023, about 434 million liters were already produced.
Despite a threefold increase, this is still less than 1% of global aviation fuel use.
Slow innovation
Vladimir Petrov, head of the Innovation Center of the Transport and Communications Institute (TSI), told Delfi Bizness that the introduction of green innovations in aviation will be more difficult than the same process in the field of motor transport.
“In large aviation, everything has long been standardized.
If you need to implement a new technology, a new fuel, it ’ s hard to do all the tests. ”
Vladimir Petrov
Head of the Innovation Center of the Transport and Communications Institute (TSI)
The next step is to integrate all of this into production processes.
Compared to the automotive industry, where many jobs are done by robots and innovation can be implemented fairly quickly, aviation standards are higher, and all processes are much slower.
Another problem is what to do with planes when they are on the ground.
Maintenance and refueling will require changes from airports: for example, there will have to create infrastructure to charge electricity.
However, it is unlikely that you will have to build new airports or completely rebuild the old ones, said Petrov.
“In the case of aircraft, there is also a question of safety, so that there is no fire in any case.
We heard about the fire Tesla, ” — said Petrov.
Now all over the world there are research and projects in various areas: electric aircraft, renewable fuels, hybrid models (aircraft partially use hydrogen engines, partially - electric).
In the future, we will see more differences in the aircraft used for short flights - for example, between European countries, said Petrov.
Technologies that reduce short-haul emissions by powering aircraft engines with electricity or hybrid systems are already being tested.
The aviation of the future can develop in the direction of micro-flights - for example, from Purvciems to Zolitude (air urban mobility).
Autonomous drones can be used for this.
However, even in this case, there are security issues, as well as other potential problems.
“The main thing is infrastructure, ” says Petrov.
We will have to create a network, command centers that will control the movement of these drones.
When will we be able to fly from Riga to Brussels by electric plane?
Petrov believes that even with the active support of the EU, this is a matter of the next 20 years.
Efficient aircraft and green fuel
Latvian national airline airBaltic has repeatedly called itself "green" and focused on the environment.
For example, it uses 47 Airbus A220-300 aircraft - these are some of the most efficient passenger aircraft in the world.
Zita Baranova, head of sustainability at airBaltic, told Delfi Bizness that the aircraft exceeded the airline ’ s expectations.
They consume significantly less fuel than expected.
According to her, the Airbus A220-300 is the first aircraft with transparent environmental impact indicators, and it reduces CO2 emissions by 25% and nitrogen oxide by 50%.
According to Baranova, sustainable development of aviation is based on four main directions: the use of environmentally friendly types of aviation fuel, improving the efficiency of airlines, new technological solutions and compensation for emissions that cannot be completely avoided.
"In the case of Latvia, the aviation industry should be able to provide several aspects of sustainability at the same time: to reduce the impact of flights on the environment and to ensure stable communication of the Baltic region with European economic centers," Baranova said.
The main problems are related to the availability and price of environmentally friendly aviation fuel.
Now it is two to four times more expensive than the old aviation fuel.
Alternative technological solutions are at an early stage.
“Therefore, airBaltic pays special attention to the most efficient use of aircraft, reducing fuel consumption and gradually switching to environmentally friendly aviation fuel, ” adds the representative of the company.
airBaltic already in 2020 added a small share of "green" fuel.
From May 2023, airBaltic passengers can add 1-1.5 kilograms of green fuel when buying a ticket for an additional fee.
By the end of the year, more than 9,300 passengers had taken advantage of this option.
What airBaltic is doing to become greener
In 2023, the airline saved more than 6.7 thousand tons of CO2, reducing emissions by an average of 184 kilograms per flight.
This has been achieved:
• through the introduction of high-precision arrival procedures;
• reduction of aerodynamic drag during takeoff and landing;
• Reduction of flight range and other efficiency measures.
Can the EU make “green ” those who actually pollute?
Not all EU decisions seem acceptable to European environmental organizations.
For example, earlier this year, five non-governmental organizations (NGOs) appealed to politicians about the rules adopted in 2020.
These regulations clarify which activities, including in the field of aviation and road traffic, are considered sustainable and environmentally friendly and can be supported by various funds.
Hiske Arts, a spokesman for the Dutch NGO, says that for most, these rules have gone unnoticed.
However, if they are not challenged, they will allow fossil-fueled aircraft and ships to be labeled "environmentally friendly."
“This means that money dedicated to addressing climate issues will actually contribute to climate catastrophe because it enables these industries to continue their previous growth. ”
According to EU criteria, European low-cost carriers Ryanair, easyJet and WizzAir can be considered “best in class ”.
Moritz Nahshat of Austrian organization Protect Our Winters argues that the aid, allowing European airlines to buy new planes to be more environmentally friendly and resell old ones, contributes to the global increase in the number of aircraft and flights.
This, in turn, will lead to an increase in both the total number of aircraft and air pollution.
Carly Hicks of Opportunity Green, an aviation and shipping NGO, believes that the EU should create a system to exchange old aircraft for newer ones by recycling and recycling old ones.
• The project is co-financed by the European Union through the European Parliament Communication Grants Programme.
The European Parliament did not participate in its preparation, and any information or opinions expressed in connection with this draft do not imply any responsibility or obligation for it; only the authors of the programme, interviewees, editors or distributors are responsible for the draft in accordance with applicable law.
The European Parliament is also not responsible for direct or indirect damage that may result from the implementation of this project.

What is the main objective of the ReFuelEU Aviation initiative?

To increase demand and supply for sustainable aviation fuel

Airbus aims for 100% SAF capability by 2030, demonstrating its commitment to reducing emissions and increasing fuel efficiency.

Title:

Content: Qantas Group takes delivery of its first A220

SINGAPORE, 18 December 2023: Australia’s national carrier Qantas has taken delivery of its first new generation A220, becoming the 20th operator of the latest aircraft type.

The aircraft is the first 29 A220s ordered by the Qantas Group for operation by QantasLink, their regional airline that services metropolitan and regional destinations across Australia.

The A220 will gradually replace the existing 717 fleet at QantasLink. Flying twice as far, the A220 can connect any two points across Australia nonstop while bringing a significant 25% reduction in fuel consumption and carbon emissions compared to previous-generation aircraft.

With a total of 137 seats, Qantas’ A220s will be configured in a two-class layout, seating 10 passengers in business and 127 in economy.

Powered by the latest Pratt & Whitney GTF™ engines, it can fly up to 3,450 nautical miles or 6,390 kilometres nonstop.

As with all Airbus aircraft, the A220 can operate with up to 50% Sustainable Aviation Fuel (SAF). Airbus aims for all its aircraft to be capable of operating with 100% SAF by 2030.

Airbus has received close to 850 orders from 30 customers for the A220, of which over 300 have been delivered worldwide.

What is Airbus doing to achieve sustainable aviation?

It is working on adopting innovative strategies.

It is making efforts to improve aircraft efficiency.

The demand for fuel-efficient aircraft is driven by the need to reduce emissions, with air travel accounting for increasing global emissions.

Title:

Content:   • 3 minutes e-car sales collapse
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Air Traffic Chaos Exposes Crisis In The Skies

  • The soaring demand for air travel, particularly in the busiest airports like Heathrow and Gatwick, makes the system highly vulnerable to even minor glitches, leading to massive delays.
  • The current growth in air travel is at odds with the sustainability goals, as it accounts for an increasing share of global emissions.
  • Solutions may include modernizing outdated airspace frameworks, promoting sustainable aviation fuels, and possibly adopting policies like France's short-haul flight ban to reduce emissions and ease congestion.

“Looks like I picked the wrong week to give up drinking”, says Lloyd Bridges’ wizened air traffic controller Steve McCroskey in the 1980 disaster satire Airplane. You’d imagine National Air Traffic Services (NATS) chief exec Martin Rolfe is probably in need of a stiff drink after this week’s air travel chaos.

The explanation from NATS, that a single erroneous data entry could lead to the grounding or delaying of thousands of flights elicited howls of disapproval from tourists and industry figures alike. An alternative view is that the system did precisely what it was meant to do and that delays are a small, though incredibly annoying, price to pay for the logistical and engineering miracle that is modern airline safety. We take this for granted, and it’s making us complacent about future innovation in air transport.

While the focus for now is on the sometimes heart-rending – and sometimes ludicrous – human drama of missed flights and delayed homecomings, the story points to deeper intersecting trends that could cause even greater turbulence for the airline industry in years to come.

The first is the sheer scale of demand for air travel. Heathrow and Gatwick are respectively the busiest dual and single runway airports in the world. Even with budget airlines in huge competition, demand continues to grow. Remember getting on that super cheap, near empty Ryanair flight any weekend recently? Me neither. While long haul and business travel recovery continues to lag, they too are ticking back up. So long as there remains little slack in the system, as we saw this week even the smallest of glitches can lead to outsized repercussions. In today’s gridlocked skies, when a butterfly flaps its wings in one location, it causes delays and disruptions in another.

This challenge of capacity runs directly into a second – that of sustainability. While aviation represents a relatively small amount of global emissions – 2-3 per cent – that figure is predicted to increase when we need emissions across the board to be reduced. As I’ve argued on these pages before, we’ve already plucked most of the low hanging carbon reducing fruit. An unsustainable increase in air travel is another area of life where we need a more pragmatic, grown up conversation about what is responsible and feasible in the coming years.

What’s to be done? Well, the French are banning short haul flights. This would free up some capacity in the skies and reduce emissions. This idea has support among the European public and other continental governments are looking at it. You would imagine it’s less likely to take off in the UK – the pushback against ULEZ and low travel neighborhoods highlights the political likelihood of that right now. And, unless you’re Dominic Raab, you’ll probably be aware that for an island nation this could lead to some big bottlenecks for flows of goods and people in the short term.

Modernisation of our airspace is one step that needs to be accelerated. The current framework was created in 1950 when, safe to say, there were probably fewer planes about. This would both free up capacity and deliver more fuel efficient routes.

Sustainable Aviation Fuel (SAF) is another. At a Bloomberg Sustainable Business summit recently, Virgin Atlantic CEO Shai Weiss was excoriating in his view of the UK government’s failure to launch a domestic SAF industry, losing out to investment in other markets leading to likely higher prices for UK carriers. Ceding ground to other nations when the breakthrough could happen here seems an own goal.

Taking the long view, we live in a period of relatively low innovation in air travel. Aside from making it cheaper, in many other ways we’ve gone backwards. Where’s our Concorde or Jumbo Jet? One hundred years ago people were flying about in blimps with much lower environmental impact. To paraphrase J Storr Halls, “Where’s my flying car?”. New Net Zero Secretary Claire Coutinho would do worse in taking on her new portfolio than making a couple of big bets on air travel innovation.

For the moment, spare a thought for your columnist, who’s filing this on the train to Stansted. I fear I may need a drink.

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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 solutions to reduce emissions from air travel include modernizing airspace and using sustainable fuels, with the French banning short-haul flights to reduce emissions.

The aerospace composites market is driven by the demand for high-strength, lightweight materials, which can reduce fuel consumption and carbon footprints.

Title:

Content:
Navigating The Skies Of Growth: Global Aerospace Composites Market Insights

(MENAFN- EIN Presswire)

Aerospace Composites Global Market Report 2024 : Market Size, Trends, And Global Forecast 2024-2033

The Business Research Company's Aerospace Composites Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033

The 2024 Global Market Report on Aerospace Composites by The Business Research Company offers insights into market size, trends, and a global forecast spanning 2024-2033.” - The Business Research Company

LONDON, GREATER LONDON, UK, December 25, 2023 /EINPresswire / -- Year End Offer By The Business Research Company - Get 33% Discount On Opportunities And Strategies Reports And 25% Discount On Global Market Reports

Market Overview: Ascending from $26.25 Billion to $29.95 Billion in 2023
The global aerospace composites market experienced robust growth, advancing from $26.25 billion in 2022 to $29.95 billion in 2023, showcasing a remarkable Compound Annual Growth Rate (CAGR) of 14.1%. As the market evolves, it is poised for sustained expansion, projecting a market size of $51.83 billion by 2027, with a CAGR of 14.7%.

The global aerospace composites market is soaring to new heights, characterized by diverse fiber types, aircraft categories, manufacturing processes, resin varieties, and applications:
1 Fiber Type:
.Carbon Fiber Composites
.Ceramic Fiber Composites
.Glass Fiber Others
2 Aircraft Type:
.Commercial Aircraft
.Business & General Aviation
.Civil Helicopter
.Military Others
3 Manufacturing Process:
.AFP/ATL
.Lay-Up Process
.Resin Transfer Moulding Process
.Filament Winding Others
4 Resin Type:
.Benzoxazine
.Cyanate Ester
.Bismalimide
.Ceramic and Metal Matrix
.Thermosetting Others
5 Application:
.Interior
.Exterior

Explore the market with a detailed sample report:

Driving Force: Demand for High-Strength, Lightweight Materials The surge in demand for high-strength and lightweight composite materials is steering the aerospace composites market forward. The pursuit of energy efficiency and reduced fuel consumption is achieved through the use of lightweight materials, minimizing the aircraft's mass. This, in turn, leads to enhanced flight performance, structural strength, and stiffness, contributing to reduced carbon footprints. According to the '2020 State of the Industry Report' by Composites Manufacturing Magazine, the US composite end products market is anticipated to reach $33.4 billion by 2025, with glass fiber-based composites dominating the market.

Key Players Shaping the Horizon Major players shaping the aerospace composites market include Solvay, Toray Industries Inc., Mitsubishi Chemical Holdings, Hexcel Corporation, Teijin Limited, SGL Group, Spirit AeroSystems, Materion Corporation, Owens Corning, Spirit AeroSystems Inc., LEE Aerospace Inc., Gurit Holding AG, General Electric Corporation, Rolls-Royce Motor Cars Ltd., Kineco-Kaman Composites, and Nippon Graphite Fiber Corporation. These industry leaders contribute to market dynamics and foster innovation in composite material and process technologies.

Innovation Trends: Technological Advancements and Consortium Initiatives Companies in the aerospace composites market are steering their focus towards technological advancements to accelerate the development of next-generation aircraft and future mobility. Technologically advanced and modern aircraft, equipped with increased payload capacities and cost-efficiency, are replacing outdated models. For instance, GKN Aerospace, a UK-based company, launched the ASCEND consortium to advance lightweight structures, positioning the UK as a technology leader in future aerospace technologies. This initiative contributes to reducing carbon emissions and energy consumption in the aerospace industry.

Explore detailed insights into market trends, innovations, and growth opportunities with the complete report:

Regional Dynamics: North America Takes the Lead in 2022
In 2022, North America emerged as the largest region in the aerospace composites market. As the market evolves, Asia-Pacific is poised to be the fastest-growing region, offering significant opportunities for market players. The regions covered in the aerospace composites market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Aerospace Composites Global Market Report 2023 from TBRC covers the following information:
.Market size date for the forecast period: Historical and Future
.Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
.Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Aerospace Composites Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on aerospace composites market size, aerospace composites market drivers and trends, aerospace composites market major players, competitors' revenues, market positioning, and market growth across geographies. The aerospace composites market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

Browse Through More Similar Reports By The Business Research Company:
Aerospace Fasteners Global Market Report 2023
report/aerospace-fasteners-global-market-report

Aerospace Robotics Global Market Report 2023
report/aerospace-robotics-global-market-report

Aerospace Materials Global Market Report 2023
report/aerospace-materials-global-market-report

About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Global Market Model – Market Intelligence Database
The Global Market Model, The Business Research Company's flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.

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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.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

The global aerospace composites market grew 14.1% in 2023, and is projected to reach $51.83 billion by 2027, driven by the demand for fuel-efficient aircraft.

The global fleet is expected to increase by 36,400 vessels by 2034, with spending in maintenance growing 20 percent by 2034.

Title:

Content: Maintenance staff shortage could clip aviation industry's wings

The United States is grappling with a shortage of maintenance workers in the aviation industry, with baby boomers retiring and others changing jobs during the pandemic.

This comes as the global fleet of commercial aircraft is set to balloon a third by 2034, involving more than 36,400 vessels, according to a recent study by consulting firm Oliver Wyman.

In its wake, spending in the maintenance, repair and overhaul market is projected to grow almost 20 percent by 2034.

But the sector suffers from a shortfall of qualified manpower -- and an inadequate pipeline of talent.

It lacks some 24,000 aviation maintenance technicians in North America, a figure due to reach nearly 40,000 by 2028, Oliver Wyman notes.

This gap is not one that the renowned Aviation High School in Long Island will be able to fill with its cohorts totaling 2,000 students.

Read also

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"I don't think the Aviation High Schools have enough capacity to train enough people," said Steven Jackson, principal of the Aviation High School in Long Island City.

"We are one of the largest high schools and it would be hard to scale it up further," he added.

Growth impact

The school is one of 28 certified by the US Federal Aviation Administration (FAA), and trains future aviation maintenance technicians who can either enter the workforce after high school or further their studies in universities.

"The job market is good and there is more money so, at the moment, more go straight to work than before," Jackson told AFP.

In the United States, around 4,000 maintenance, repair and overhaul companies employ some 185,000 aviation maintenance technicians and engineers. This forms around 44 percent of the global total, according to the Aeronautical Repair Station Association.

Read also

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"Working as a mechanic opens so many opportunities," said Fariha Rahman, 17, speaking to AFP at a JetBlue maintenance hangar during a Career Discovery Week.

"I want to start in maintenance, and work my way up," the high school student added.

Another student, 15-year-old Gaby Moreno, added: "It's such a great industry."

"There are so many different jobs, so many benefits, and discounts for flights and other things, like insurance," she added.

AlixPartners specialist Pascal Fabre stresses that the training of maintenance technicians will need to be accelerated.

To boost the attractiveness of aviation maintenance, Congress passed legislation in 2018 enabling the FAA to provide ad hoc grants.

As a result, $13.5 million was awarded in March to 32 schools, 20 of which would especially help with training maintenance professionals.

"Because so many aviation jobs are critical to operations, any ongoing shortage can eventually result in the industry's growth being limited," Oliver Wyman noted in an earlier report.

Read also

'Operation Beethoven': Dutch 2.5bn-euro charm offensive to keep ASML

Quality issues

In a 2023-2042 outlook, aviation giant Boeing forecasts "strong" long-term demand for newly qualified aviation personnel.

There is a need for some 690,000 new maintenance technicians to help maintain the global commercial fleet over the next 20 years, according to Boeing.

The maintenance, repair and overhaul sector is "under-capacity, and hangar maintenance slots are in high demand, especially as aircraft manufacturers' delivery delays mean that older aircrafts are being flown for longer periods, requiring more maintenance," Fabre added.

The two major aircraft manufacturers, Boeing and Airbus, are fully booked until almost the end of the decade, and are accumulating delays.

Meanwhile, airlines are stepping up orders as they seek to capitalize on strong demand from travelers and build fuel-efficient fleets.

"The pressure to produce and the retirement of many skilled baby boomers during COVID may also be contributing to some of the quality-control issues plaguing the industry," the recent Oliver Wyman report added.

Read also

What is the economic impact of the Baltimore bridge collapse?

According to experts, departures have led to the disruption of a transfer of know-how between experienced and new technicians.

Since 2023, Boeing has suffered production problems and numerous incidents on its 737 MAX series, which prompted the FAA to launch an audit into its quality control.

In early January, an Alaska Airlines 737 MAX 9 suffered a blowout of a door plug while in flight.

Boeing CEO Dave Calhoun recently announced that he would step down by year-end, in a leadership shakeup as the company faces heavy scrutiny.

Previously, two fatal 737 MAX crashes -- one in 2018 and one in 2019 -- led to a nearly two-year grounding of the aircraft.

Beyond manufacturers, United Airlines is also in the crosshairs of the FAA, which is reviewing its safety procedures after several recent incidents.

Source: AFP

Boeing and Airbus are expected to deliver over 1,200 aircraft in 2023, with North America holding the largest market share of aircraft landing gear.

Title:

Content:
Aircraft Landing Gear Market To Soar To USD 10.63 Billion By 2031 Driven By Rising Air Traffic And New Aircraft Demand

(MENAFN- Evertise Digital)

-< />
Aircraft Landing Gear Market Overview:

The Aircraft Landing Gear Market is poised for significant growth, fueled by a confluence of factors including rising global air traffic, increasing demand for new aircraft, and the ongoing modernization of existing fleets. This report by SNS Insider examines the market's current landscape, future projections, and key growth drivers shaping this crucial aviation segment.

The SNS Insider report estimates that the Aircraft Landing Gear Market, valued at USD 7.21 billion in 2023, will reach USD 10.63 billion by 2031, reflecting a robust CAGR of 4.9% from 2024-2031.

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Major Key Players Included are:

  • CIRCOR Aerospace
  • Safran SA
  • Heroux-Devtek
  • Messier-Bugatti-Dowty
  • UTC Corporation
  • Liebherr Group
  • Raytheon Technologies Corporation
  • Honeywell International Inc
  • AAR Corporation
  • Meggitt PLC, and other players.

Rising Demand for New Aircraft and Fleet Modernization

The increasing number of air passengers globally necessitates the expansion and modernization of airline fleets. Airlines are actively acquiring new, fuel-efficient aircraft to cater to rising demand and replace older models. This surge in aircraft production translates directly into a growing demand for landing gear systems, propelling the market forward.

Rising air travel demand translates to higher production rates for commercial aircraft. This directly influences the demand for landing gear systems, creating a synergistic relationship between the two sectors. Aging aircraft require replacement with newer, more fuel-efficient models. This ongoing process creates a consistent demand for new landing gear systems, driving market growth. In 2023 alone, Boeing and Airbus collectively delivered over 1,200 aircraft, surpassing their previous year's figures. This sector has attracted significant investments, with companies developing innovative air vehicles requiring specialized landing gear solutions. This burgeoning market presents new opportunities for landing gear manufacturers. Increased global security concerns are prompting countries to invest in modernizing their military aviation fleets.

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Segment Analysis:

  • By Aircraft Type : Fixed-wing aircraft , encompassing commercial aviation, military aviation, and business jets, dominate the market due to their widespread use and higher production volumes compared to other types.
  • By End User : The Original Equipment Manufacturer (OEM ) segment held the largest share in 2023 due to the direct sale of landing gear systems on new aircraft. Rising demand for new airplanes driven by factors like increasing air traffic and fleet modernization fuels this segment.

KEY MARKET SEGMENTATION

By Aircraft Type

  • Fixed Wing
  • Rotary Wing

By Type

  • Main Landing Gear
  • Nose Landing Gear

By End User

  • OEM
  • Aftermarket

By Sub-Framework

  • Actuation System
  • Steering System
  • Brake System
  • Others

Impact of Global Disruptions

The Aircraft Landing Gear Market is not immune to global events. The ongoing Russia-Ukraine war has caused disruptions in supply chains and increased material costs, potentially impacting landing gear production.

An economic slowdown could lead to a decrease in consumer spending and business investments, potentially slowing down aircraft deliveries and impacting the demand for new landing gear systems. However, long-term growth prospects remain positive, driven by the underlying trend of rising air traffic and the need for fleet modernization.

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Aircraft Landing Gear Market

North America is estimated to hold the largest market share throughout the forecast period, driven by a robust ecosystem that fosters continuous growth:

The region boasts a well-established aviation industry with a high concentration of major airlines like Boeing, Delta Air Lines, and United Airlines. This translates to a consistent demand for landing gear systems, both for new aircraft and fleet upgrades. North American airlines prioritize modernizing their fleets with newer, fuel-efficient models. This ongoing process creates a steady stream of demand for replacement landing gear systems.

The European market for aircraft landing gear is anticipated to experience moderate growth. European companies such as Airbus and Leonardo are major players in the global commercial aircraft market. This translates to a strong demand for landing gear systems within their supply chains. These European OEMs cater to a wide range of airlines worldwide, further expanding the market reach for European-made landing gear systems.

Recent Developments

The market is witnessing continuous advancements and partnerships:

  • February 2024: Liebherr (Switzerland) signed an agreement with Japan Airlines to overhaul the landing gear systems of J-Air's Embraer fleet.
  • September 2023: Safran entered into a contract with Bell to design and develop the landing gear system for its tiltrotor aircraft program as part of the US Army's FLRAA project.
  • May 2022: Safran (France) partnered with Magellan Aerospace Corporation (US) to manufacture landing gear systems for commercial aircraft platforms.

Key Takeaways:

  • The market is fueled by a confluence of factors, including rising global air traffic necessitating fleet expansion, ongoing fleet modernization initiatives to replace aging aircraft, and the burgeoning Urban Air Mobility (UAM) sector demanding innovative landing gear solutions.
  • Stringent safety regulations and a constant drive for efficiency are pushing the boundaries of landing gear design. Advancements in materials, manufacturing techniques, and overall functionality are shaping the future of this critical aircraft component.
  • While short-term disruptions like the Russia-Ukraine war may cause temporary fluctuations, the long-term outlook for the Aircraft Landing Gear Market remains optimistic.
  • This report by SNS Insider serves as a comprehensive resource for stakeholders across the aircraft landing gear industry value chain, including manufacturers, airlines, regulatory bodies, and investors.

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Table of Contents – Major Key Points

  • Introduction
  • Research Methodology
  • Market Dynamics
  • Impact Analysis
    • COVID-19 Impact Analysis
    • Impact of Ukraine- Russia war
    • Impact of ongoing Recession
  • Value Chain Analysis
  • Porter's 5 Forces Model
  • PEST Analysis
  • Aircraft Landing Gear Market, By Aircraft Type
  • Aircraft Landing Gear Market, By Type
  • Aircraft Landing Gear Market, By End User
  • Aircraft Landing Gear Market, By Sub-Framework
  • Regional Analysis
  • Company Profiles
  • Competitive Landscape
  • Conclusion

    About U s :

    SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

    Our staff is dedicated to giving our clients reliable information, and with expertise working in the majority of industrial sectors, we're proud to be recognized as one of the world's top market research firms. We can quickly design and implement pertinent research programs, including surveys and focus groups, and we have the resources and competence to deal with clients in practically any company sector.

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The aircraft landing gear market will reach USD 10.63 billion by 2031, growing at a CAGR of 4.9% from 2024-2031.

About 45,000 fuel-efficient aircraft are expected to be delivered by 2040, with $2.9 trillion spent on new aircraft over 20 years, and 70% of deliveries will be single-aisle jets.

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.

China is expected to lead with a 20% share in aircraft deliveries, and 80% of existing passenger aircraft will be retired by 2040.

The industry expects 3,500 freighter deliveries over the next 20 years, with single-aisle jets valued at $1.6 trillion, and the dual-aisle aircraft market worth $1.1 trillion.

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

In the next 20 years, the total value of newly delivered single-aisle jets is expected be $1.6 trillion.

Boeing and Airbus are major players in the global commercial aircraft market, with airlines acquiring new fuel-efficient aircraft to replace older models.

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.

Rising air travel demand translates to higher production rates for commercial aircraft, and aging aircraft require replacement with newer models, driving demand for landing gear.

The global single-aisle aircraft market is projected to reach $222.20 billion by 2030, growing at a CAGR of 12.5% from 2023-2030.

The narrow-body aircraft segment is the largest in the single-aisle aircraft market, driven by the demand for fuel-efficient options.

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.

Turbofan engines are leading the growth in the aircraft engine market due to their higher 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.

The Asia-Pacific region is the largest market for single-aisle aircraft, while Europe is expected to lead in growth due to the demand for fuel-efficient options.

Airlines are investing in next-generation fuel-efficient aircraft to achieve sustainability and reduce their carbon footprint.

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 working on adopting innovative strategies.

It is making efforts to improve aircraft efficiency.

The electrification of aircraft systems is a growing trend, with manufacturers focusing on reducing the carbon footprint of their aircraft.

What is Airbus doing to achieve sustainable aviation?

It is working on adopting innovative strategies.

It is making efforts to improve aircraft efficiency.

The global aircraft leasing market is expected to exceed USD 453.2 billion by 2026, growing at a rate of 6.8% during the forecast period.

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.

These responses will function a complete examination of the:

  • The markets’ present-day infrastructures
  • Market possibilities and challenges
  • Future plausible for increase in particular industries
  • Major geographic and market segments to target, and end-user goal organizations and their viable operational volumes
  • Representative and a price chain probability breakdown
  • Market dimension and boom price during the expected time frame.
  • The market’s important using forces
  • Key market traits are impeding market expansion.
  • Obstacles to market expansion.
  • Market’s pinnacle merchants.
  • Thorough SWOT analysis
  • Threats and possibilities confronted with the aid of the modern carriers in the world market.
  • Trending elements that affect the markets in the quite a number region.
  • Initiatives with a strategic center of attention on the pinnacle vendors.
  • PEST find out about of the five essential market regions.

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(*Note: The historical years and projected period in the report are flexible and can be tailored upon request. Additionally, the scope of the published report is adjustable to meet specific requirements, and customized analyses based on particular geographies or countries can be included as part of the customization.)

About Report Ocean:

Report Ocean is a renowned provider of market research reports, offering high-quality insights to clients in various industries. Their goal is to assist clients in achieving their top line and bottom line objectives, thereby enhancing their market share in today’s competitive environment. As a trusted source for innovative market research reports, Report Ocean serves as a comprehensive solution for individuals, organizations, and industries seeking valuable market intelligence.

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The demand for fuel-efficient commercial aircraft is driving the growth of the aircraft leasing 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.

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

They will accelerate the demand for aircraft replacement.

Europe is the highest revenue-generating region in the aircraft leasing market, while the Asia-Pacific region is expected to exhibit substantial growth.

The global aerospace industry is expected to experience significant growth in the coming decades, driven by increasing demand for fuel-efficient aircraft and shifting regional market dynamics.

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 industry is shifting towards greater efficiency and sustainability, with a focus on electrification, sustainable aviation fuels, 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 working on adopting innovative strategies.

It is investing in sustainable aviation fuel production projects.

It is making efforts to improve aircraft efficiency.

What is the main objective of the ReFuelEU Aviation initiative?

To increase demand and supply for sustainable aviation fuel

The demand for fuel-efficient aircraft is driven by various factors, including the need to reduce greenhouse gas emissions, with the airline industry emitting 800 megatons of CO2 annually.

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 use of sustainable aviation fuel can reduce carbon emissions by up to 70 percent, making it a key driver of 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.

What is the main objective of the ReFuelEU Aviation initiative?

To increase demand and supply for sustainable aviation fuel

The global sustainable aviation fuel market is expected to reach USD 2987.5 million by 2027, with North America serving as a lucrative growth avenue.

Title:

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

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

Pune, INDIA

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

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

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

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

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

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

Geographical outlook

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

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

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

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

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

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

  • Biofuel
  • Hydrogen Fuel
  • Power to Liquid Fuel

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

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

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

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

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

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

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

Asia Pacific

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

Latin America

  • Mexico
  • Brazil

North America

  • U.S.
  • Canada

Europe

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

Rest of the World

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

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

Table of Content:

Chapter 1. Executive Summary

1.1.         Market Snapshot

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

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

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

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

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

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

1.3.         Key Trends

1.4.         Estimation Methodology

1.5.         Research Assumption

Chapter 2. Global Sustainable Aviation Fuel Market Definition and Scope

2.1.         Objective of the Study

2.2.         Market Definition & Scope

2.2.1.     Scope of the Study

2.2.2.     Industry Evolution

2.3.         Years Considered for the Study

2.4.         Currency Conversion Rates

Chapter 3. Global Sustainable Aviation Fuel Market Dynamics

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

3.1.1.     Market Drivers

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

3.1.1.2. Growing air passenger traffic

3.1.1.3. High fuel efficiency of SAF

3.1.2.     Market Challenges

3.1.2.1. Price difference between SAF and conventional jet fuel

3.1.3.     Market Opportunities

3.1.3.1. Increasing demand for SAF by airlines over the world

3.1.3.2. Sustainable marine fuel

3.1.3.3. Government initiatives

Chapter 4. Global Sustainable Aviation Fuel Market Industry Analysis

4.1.         Porter's 5 Force Model

4.1.1.     Bargaining Power of Suppliers

4.1.2.     Bargaining Power of Buyers

4.1.3.     Threat of New Entrants

4.1.4.     Threat of Substitutes

4.1.5.     Competitive Rivalry

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

4.2.         PEST Analysis

4.2.1.     Political

4.2.2.     Economical

4.2.3.     Social

4.2.4.     Technological

4.3.         Investment Adoption Model

4.4.         Analyst Recommendation & Conclusion

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

5.1.         Market Snapshot

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

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

5.4.         Sustainable Aviation Fuel Market, Sub Segment Analysis

5.4.1.     Biofuel

5.4.2.     Hydrogen Fuel

5.4.3.     Power to Liquid Fuel

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

6.1.         Market Snapshot

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

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

6.4.         Sustainable Aviation Fuel Market, Sub Segment Analysis

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

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

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

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

6.4.5.     Alcohol to Jet SPK (ATJ-SPK)

6.4.6.     Catalytic Hydrothermolysis Jet (CHJ)

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

7.1.         Market Snapshot

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

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

7.4.         Sustainable Aviation Fuel Market, Sub Segment Analysis

7.4.1.     Below 30%

7.4.2.     30% to 50%

7.4.3.     Above 50%

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

8.1.         Market Snapshot

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

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

8.4.         Sustainable Aviation Fuel Market, Sub Segment Analysis

8.4.1.     Commercial Aviation

8.4.2.     Military Aviation

8.4.3.     Business & General Aviation

8.4.4.     Unmanned Aerial Vehicle

Chapter 9.   Global Sustainable Aviation Fuel Market, Regional Analysis

Related Report:

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

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

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Asia Pacific and Europe are also key regions for the sustainable aviation fuel market, with biofuel being a major fuel type.

The aviation sector consumes nearly 8 percent of the world's refined petroleum products, with the US leading aviation fuel consumption at 1.4 million barrels per day.

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Content: Oil prices
Flight tickets are flying...
Why didn ’ t prices drop due to the low price of jet fuel?
Faisal Al-Fayeq
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Demand for jet fuel has not yet returned to pre-COVID-19 levels.
The aviation sector consumes nearly 8 percent of the world ’ s refined petroleum products, or 8 million barrels per day.
The United States leads aviation fuel consumption at 1.4 million barrels per day, followed by China, which consumes about 400,000 barrels per day.
The COVID-19 pandemic crippled global air traffic, cutting fuel consumption by almost half.
Even if the pace of recovery in the international air travel industry varies from region to region, international seat capacity is currently 10 percent below 2019 levels, so a full recovery in aviation fuel demand to previous levels of 8 million barrels per day is not expected until 2027, especially as the International Air Transport Association (IATA) expects new aircraft to increase aviation fuel efficiency by about 2 percent annually, after the aviation industry witnessed a large-scale campaign. Replacement of old aircraft.
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Jet fuel prices in the United States have recently dropped to nearly $2 a gallon from about $4 a gallon a year ago, a significant drop of almost half from last year, and reached record levels of about $5 a gallon in April 2022.
The new aircraft are expected to raise aviation fuel efficiency by about 2 percent a year, after the aviation industry saw a widespread campaign to replace older aircraft.
Reuters reports that the average price of jet fuel in 2019 was $2 a gallon, meaning airlines spent $56 billion on jet fuel in 2022, up from $36 billion in 2019.
Standard & Poor ’ s Global expects global jet fuel demand to remain below 2019 levels for the time being due to a slow recovery in long-haul flights and a reduction in rising jet fuel consumption, especially in Asia.
Why didn ’ t the prices go down?
Jet fuel prices have fallen dramatically, unlike ticket prices that have kept rising.
What are the reasons?
There are several factors that contribute to this situation:
First, fuel costs represent a relatively small portion of total airline expenses and typically account for about 20 to 25 percent of total operating costs.
Therefore, lower jet fuel prices may not necessarily translate into a relative drop in ticket prices.
Second, airlines often pre-hedge their fuel purchases to protect against price fluctuations, meaning they may have stored fuel at higher rates before the current decline.
As a result, any drop in fuel prices may not directly affect the adjustment of airline profits.
The COVID-19 pandemic caused a major disruption to the aviation industry, reducing demand for air travel during 2020 and 2021, and inflicting heavy losses on airlines, at a time when the majority of global airlines had purchased new aircraft or were awaiting delivery of already funded orders.
To compensate for that loss, airlines had to take cost-cutting measures, such as reducing capacity and cancelling some flights, which resulted in ticket prices rising depending on supply and demand.
The most important factor contributing to the rise in airline ticket prices is the need for airlines to generate revenue and recover from financial losses incurred during the pandemic.
Is the aviation industry booming this summer?
Global demand for air travel after the pandemic remains marginal, and the chance of a major recovery in international air traffic this summer is fading by the day, with air travel in the United States still 22 percent below pre-pandemic levels in June, with a slight improvement in May, IATA data shows. It's a big list.
Travel and transportation are part of the economic recovery.
However, there is currently no balance between the demand for jet fuel and the actual supply, so ticket prices remain high as airlines no longer use all of their aircraft and are not fully operational.
It will also not commit to using all of its aircraft in the foreseeable future because the overall demand for air travel does not yet require it.
This may threaten the supply of jet fuel to be a victim of economic pressure and inflation, and is often seen as the product of relatively high-value jet fuel refineries, but subject to demand, so that refining is redirected to gasoline or diesel according to refinery profit margins.
The gradual rise in demand for gasoline and diesel after the pandemic has also increased incentives to operate refineries, contributing to increased jet fuel production and, consequently, higher inventory levels.
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Disclaimer: All published articles represent the opinion of their authors only.
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The COVID-19 pandemic cut fuel consumption by almost half, but full recovery in aviation fuel demand is expected by 2027.

New aircraft are expected to increase aviation fuel efficiency by 2 percent annually, with fuel costs representing 20 to 25 percent of total airline expenses.

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

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

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

The global jet fuel demand is expected to remain below 2019 levels due to slow recovery, with airlines often pre-hedging their fuel purchases to protect against price fluctuations.

The EU requires 2% of aviation fuel to be environmentally friendly by 2025, with 70% of aviation fuel expected to be environmentally friendly by 2050.

What is the main objective of the ReFuelEU Aviation initiative?

To increase demand and supply for sustainable aviation fuel

Hydrogen can be used as an environmentally friendly aviation fuel, with 300 biorefining plants needed to achieve the EU's goals.

What is the main objective of the ReFuelEU Aviation initiative?

To increase demand and supply for sustainable aviation fuel

The Asia-Pacific region is the largest region in the Single-Aisle Aircraft market, with Europe leading in terms of growth.

The market for single-aisle aircraft is expected to grow at a CAGR of 12.5% from 2023-2030, with narrow-body aircraft being the largest segment.

Turbofan engines lead in growth due to higher efficiency and reduced emissions, with airlines investing in next-generation fuel-efficient aircraft for sustainability.

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

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

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

The demand for fuel-efficient aircraft is driven by the need to reduce emissions, with the aerospace foam market expected to reach USD 9.7 billion by 2032.

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

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

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

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

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

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

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

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

Key Companies in the Aerospace Foam market include

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

Report Scope:

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

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Segments

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

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

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

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

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Regional Analysis

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

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

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

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

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Competitive Landscape

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

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

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

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

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

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

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

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

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

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

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

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

The use of lightweight materials can reduce fuel costs, with governments implementing stricter fuel consumption standards for 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.

The global aircraft leasing market is expected to exceed USD 453.2 billion by 2026, with Europe being the highest revenue-generating region.

The demand for fuel-efficient aircraft drives aircraft leasing market growth, with airlines opting for leasing to expand fleets and meet air travel demand.

The US leads the aerospace composites market, with Asia-Pacific being the fastest-growing region.

The demand for lightweight materials drives the aerospace composites market, with carbon fiber composites being used in the aerospace industry.

High-strength materials can reduce fuel consumption and emissions, with major players including Solvay and Toray Industries Inc.

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.

Technological advancements accelerate the development of aircraft, with regional dynamics influencing 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.

The global single-aisle aircraft market is projected to reach $222.20 billion by 2030, growing at a CAGR of 12.5% from 2023-2030.

The narrow-body aircraft segment is the largest in the single-aisle aircraft market, driven by the demand for fuel-efficient options.

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.

Turbofan engines are leading the growth in the aircraft engine market due to their higher 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.

The Asia-Pacific region is the largest market for single-aisle aircraft, while Europe is expected to lead in growth due to the demand for fuel-efficient options.

Airlines are investing in next-generation fuel-efficient aircraft to achieve sustainability and reduce their carbon footprint.

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 working on adopting innovative strategies.

It is making efforts to improve aircraft efficiency.

The electrification of aircraft systems is a growing trend, with manufacturers focusing on reducing the carbon footprint of their aircraft.

What is Airbus doing to achieve sustainable aviation?

It is working on adopting innovative strategies.

It is making efforts to improve aircraft efficiency.

Boeing and Airbus delivered over 1,200 aircraft in 2023, with the companies continuing to invest in research and development to improve fuel efficiency.

What is Airbus doing to achieve sustainable aviation?

It is working on adopting innovative strategies.

It is making efforts to improve aircraft efficiency.

The aircraft landing gear market is valued at USD 7.21 billion in 2023 and is expected to reach USD 10.63 billion by 2031, growing at a CAGR of 4.9%.

North America is expected to hold the largest market share in the aircraft landing gear market throughout the forecast period.

The European market is expected to experience moderate growth, driven by the presence of major manufacturers such as Airbus and Leonardo.

The global aircraft leasing market is expected to exceed USD 453.2 billion by 2026, growing at a rate of 6

The global aircraft leasing market is expected to exceed USD 453.2 billion by 2026, growing at a rate of 6

The global aircraft leasing market is expected to exceed USD 453.2 billion by 2026, growing at a rate of 6