The Commercial Aircraft Aviation Fuel Market is being driven by Increase in demand for air travel
The Commercial Aircraft Aviation Fuel Market is expected to grow at a CAGR of 8.1% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 56.6 billion. In the Commercial Aircraft Aviation Fuel Market, enhanced aircraft utilization is a significant factor contributing to energy efficiency gains. With the rise in passenger numbers and cargo weight per flight, energy consumption per unit of service delivered has decreased. To align with global climate objectives, the aviation sector must enhance its energy efficiency by over 3% annually by 2040. Several initiatives are underway to achieve this goal. Countries like India and China have established targets for aviation efficiency improvements domestically. The International Civil Aviation Organization (ICAO) has implemented policies to boost aircraft efficiency and cap CO2 emissions from international flights, as outlined in the Paris Agreement and other frameworks.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
166 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.1% |
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Market growth 2024-2028 |
USD 56.6 billion |
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Market structure |
fragmentation |
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YoY growth 2023-2024(%) |
7.32 |
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Key countries |
Brazil, South Africa, UAE, US, Canada, Germany, UK, China, France, Italy, Japan, India, South Korea, Argentina, Russia, US, China, India, Germany, and Canada |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Commercial Aircraft Aviation Fuel Market encompasses various aspects, including jet fuel blending, fuel quality control, and engine fuel injection. It also involves fuel pipeline networks, fuel tank design, and aviation fuel testing. Further, it covers fuel handling procedures, fuel cell technology, battery electric aircraft, and hybrid electric propulsion. Additionally, it considers aircraft weight reduction, aerodynamic optimization, and flight route optimization. Air traffic management, engine maintenance, fuel system diagnostics, and fuel burn reduction are also integral parts of this market. Sustainable aviation, emission monitoring systems, lifecycle assessment, supply chain management, fuel logistics, and distribution networks are essential elements. Factors such as fuel price volatility, risk management, fuel security, global fuel markets, and fuel demand forecasting also significantly impact this sector.
The Commercial Aviation Fuel Market encompasses businesses engaged in the production and supply of sustainable aviation fuel (SAF) and traditional jet fuel. According to Technavio, the market size is determined by the consolidated revenue of these entities. Key drivers propelling the Commercial Aviation Fuel Market expansion include: 1. Aviation Fuel Efficiency: The growing emphasis on fuel efficiency and reduced carbon emissions is leading to the adoption of SAF, which is derived from renewable sources like biofuels. 2. Biofuel Production Methods: Advancements in biofuel production technologies, such as algae-based and waste-to-jet, are making SAF production more cost-effective and sustainable. 3. Jet Fuel Composition: The increasing focus on reducing the carbon footprint of the aviation industry is driving the demand for jet fuel with lower carbon content, which is provided by SAF. The global energy sector, including the coal and consumable fuels market, experiences significant growth due to increasing energy demand, limited fossil fuel reserves, and volatile fuel prices. This trend is prioritized by governments worldwide, as many countries rely heavily on coal imports for their energy needs. The Commercial Aviation Fuel Market is poised to benefit from these factors, as sustainable aviation fuel offers a viable solution to the challenges faced by the traditional jet fuel industry. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
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