Market Overview:
The global sustainable aircraft energy market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fuel-efficient and environment-friendly aircrafts across the globe. In addition, the increasing focus on reducing greenhouse gas emissions is also propelling the growth of this market. The solar powered segment is expected to lead the global sustainable aircraft energy market during the forecast period, owing to its advantages such as low maintenance cost and no noise pollution. The battery powered segment is projected to be second largest in terms of revenue share during 2018–2030, owing to its high efficiency and easy installation process.
Product Definition:
Sustainable aircraft energy is the use of renewable or environmentally friendly energy sources to power aircraft. This can include solar power, wind power, and even using biofuels made from sustainable crops. The importance of sustainable aircraft energy is twofold. First, it helps reduce pollution and greenhouse gas emissions from aviation. Second, it helps reduce our dependence on oil, which can be a volatile commodity.
Solar Powered:
Solar powered aircraft energy is a renewable source of energy that provides an efficient solution to the global aviation industry. It has been estimated that one pound of SAE can provide enough fuel for a flight of approximately 500 miles. The growth factor in this market is primarily due to increasing environmental concerns and strict government regulations regarding the use of fossil fuels in commercial aviation.
Battery Powered:
Battery powered aircraft are expected to witness significant growth over the forecast period owing to increasing demand for air travel and rising environmental concerns. The primary energy source used by an aircraft is its engines, which consume a majority of the fuel. However, there are other sources that contribute significantly such as cabin heat & ventilation systems and avionics systems (avionics is a part of electronic warfare system). These devices use more power in comparison with other parts of an airplane.
Application Insights:
Commercial aircraft was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. Increasing number of air travelers across the globe has resulted in growing demand for sustainable aircraft energy market by commercial airlines. This trend is expected to continue over the forecast period, thereby driving segment growth.
Military aircraft are also anticipated to witness considerable growth owing to increasing defense expenditure by countries such as China and India on account of border dispute resolution through military means or otherwise known as Cold Start Doctrine adopted by both countries. Growing use of fuel cells powered military jets for patrolling long distances at high altitude is further estimated to drive sustainable aircraft energy market over next seven years or so. Increasing need for business and general aviation due to rising disposable income among consumers globally coupled with government initiatives promoting green travel options will support segment development in near future time frame, thus presenting a lucrative opportunity for industry participants during this study period from 2018-2030ADVANCE phase.
Regional Analysis:
Asia Pacific is anticipated to witness the highest CAGR of XX% from 2018 to 2030 owing to increasing focus on reducing carbon footprint, growing aviation sector and improving passenger experience. The region accounted for a share of nearly 60% in 2016 and is estimated to grow at a significant rate over the forecast period.
The market in Europe was valued at USD Xtackle during 2016 and is expected witness considerable growth over the forecast period owing to rising demand for sustainable aircraft across major countries such as Germany, UK, Spain among others. Moreover, presence of key aircraft manufacturers including Airbus SAS; BAE Systems plc.; Leonardo Helicopters SPA; Augusta Westland Nederland BV; AgustaWestland Ltd.; Aerei da Trasporto Regionale (ATR) SpA; Dassault Aviation SA/NV will drive regional growth further.
Growth Factors:
- Increasing demand for air travel: The global air travel sector is growing at a rapid pace, owing to the increasing number of passengers travelling for both business and leisure purposes. This is expected to drive the demand for sustainable aircraft energy systems in the coming years.
- Stringent regulations on greenhouse gas emissions: Governments across the world are implementing stringent regulations on greenhouse gas emissions from aircrafts, in a bid to reduce their environmental impact. This is likely to create opportunities for sustainable aircraft energy systems in the near future.
- Development of new technologies: Aircraft manufacturers are investing heavily in research and development activities aimed at developing new technologies that can help reduce fuel consumption and emissions from aircrafts. This is expected to provide a boost to the market for sustainable aircraft energy systems over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Sustainable Aircraft Energy Market Research Report
By Type
Solar Powered, Battery Powered, Fuel Cell Powered, Others
By Application
Commercial Aircraft, Military Aircraft, Business and General Aircraft
By Companies
Safran, Honeywell International, Thales Group, Raytheon Company, GE Aviation, Ametek, Meggitt, Radiant Power Corporation, BAE Systems, Eaglepicher Technologies, SkyNRG, Crane Aerospace and Electronics, Hartzell Engine Technologies, PBS Aerospace, Nabtesco Corporation, Carlisle Interconnect Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Sustainable Aircraft Energy Market Report Segments:
The global Sustainable Aircraft Energy market is segmented on the basis of:
Types
Solar Powered, Battery Powered, Fuel Cell Powered, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Aircraft, Military Aircraft, Business and General Aircraft
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Safran
- Honeywell International
- Thales Group
- Raytheon Company
- GE Aviation
- Ametek
- Meggitt
- Radiant Power Corporation
- BAE Systems
- Eaglepicher Technologies
- SkyNRG
- Crane Aerospace and Electronics
- Hartzell Engine Technologies
- PBS Aerospace
- Nabtesco Corporation
- Carlisle Interconnect Technologies
Highlights of The Sustainable Aircraft Energy Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solar Powered
- Battery Powered
- Fuel Cell Powered
- Others
- By Application:
- Commercial Aircraft
- Military Aircraft
- Business and General Aircraft
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Sustainable Aircraft Energy Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Sustainable Aircraft Energy is a term used to describe an aircraft fuel system that meets the environmental and economic requirements of the future. Sustainable Aircraft Energy systems use sustainable energy sources, such as solar, wind, or hydro power. These systems help reduce our dependence on fossil fuels and improve air quality.
Some of the key players operating in the sustainable aircraft energy market are Safran, Honeywell International, Thales Group, Raytheon Company, GE Aviation, Ametek, Meggitt, Radiant Power Corporation, BAE Systems, Eaglepicher Technologies, SkyNRG, Crane Aerospace and Electronics, Hartzell Engine Technologies, PBS Aerospace, Nabtesco Corporation, Carlisle Interconnect Technologies.
The sustainable aircraft energy market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sustainable Aircraft Energy Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Sustainable Aircraft Energy Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sustainable Aircraft Energy Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Sustainable Aircraft Energy Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Sustainable Aircraft Energy Market Size & Forecast, 2018-2028
4.5.1 Sustainable Aircraft Energy Market Size and Y-o-Y Growth
4.5.2 Sustainable Aircraft Energy Market Absolute $ Opportunity
Chapter 5 Global Sustainable Aircraft Energy Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Sustainable Aircraft Energy Market Size Forecast by Type
5.2.1 Solar Powered
5.2.2 Battery Powered
5.2.3 Fuel Cell Powered
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Sustainable Aircraft Energy Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Sustainable Aircraft Energy Market Size Forecast by Applications
6.2.1 Commercial Aircraft
6.2.2 Military Aircraft
6.2.3 Business and General Aircraft
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sustainable Aircraft Energy Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Sustainable Aircraft Energy Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Sustainable Aircraft Energy Analysis and Forecast
9.1 Introduction
9.2 North America Sustainable Aircraft Energy Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Sustainable Aircraft Energy Market Size Forecast by Type
9.6.1 Solar Powered
9.6.2 Battery Powered
9.6.3 Fuel Cell Powered
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Sustainable Aircraft Energy Market Size Forecast by Applications
9.10.1 Commercial Aircraft
9.10.2 Military Aircraft
9.10.3 Business and General Aircraft
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Sustainable Aircraft Energy Analysis and Forecast
10.1 Introduction
10.2 Europe Sustainable Aircraft Energy Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Sustainable Aircraft Energy Market Size Forecast by Type
10.6.1 Solar Powered
10.6.2 Battery Powered
10.6.3 Fuel Cell Powered
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Sustainable Aircraft Energy Market Size Forecast by Applications
10.10.1 Commercial Aircraft
10.10.2 Military Aircraft
10.10.3 Business and General Aircraft
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Sustainable Aircraft Energy Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Sustainable Aircraft Energy Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Sustainable Aircraft Energy Market Size Forecast by Type
11.6.1 Solar Powered
11.6.2 Battery Powered
11.6.3 Fuel Cell Powered
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Sustainable Aircraft Energy Market Size Forecast by Applications
11.10.1 Commercial Aircraft
11.10.2 Military Aircraft
11.10.3 Business and General Aircraft
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Sustainable Aircraft Energy Analysis and Forecast
12.1 Introduction
12.2 Latin America Sustainable Aircraft Energy Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Sustainable Aircraft Energy Market Size Forecast by Type
12.6.1 Solar Powered
12.6.2 Battery Powered
12.6.3 Fuel Cell Powered
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Sustainable Aircraft Energy Market Size Forecast by Applications
12.10.1 Commercial Aircraft
12.10.2 Military Aircraft
12.10.3 Business and General Aircraft
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Sustainable Aircraft Energy Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Sustainable Aircraft Energy Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Sustainable Aircraft Energy Market Size Forecast by Type
13.6.1 Solar Powered
13.6.2 Battery Powered
13.6.3 Fuel Cell Powered
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Sustainable Aircraft Energy Market Size Forecast by Applications
13.10.1 Commercial Aircraft
13.10.2 Military Aircraft
13.10.3 Business and General Aircraft
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Sustainable Aircraft Energy Market: Competitive Dashboard
14.2 Global Sustainable Aircraft Energy Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Safran
14.3.2 Honeywell International
14.3.3 Thales Group
14.3.4 Raytheon Company
14.3.5 GE Aviation
14.3.6 Ametek
14.3.7 Meggitt
14.3.8 Radiant Power Corporation
14.3.9 BAE Systems
14.3.10 Eaglepicher Technologies
14.3.11 SkyNRG
14.3.12 Crane Aerospace and Electronics
14.3.13 Hartzell Engine Technologies
14.3.14 PBS Aerospace
14.3.15 Nabtesco Corporation
14.3.16 Carlisle Interconnect Technologies
