Zero Fuel Aviation Market - Trends Forecast Till 2028
Zero Fuel Aviation Market, By Technology (Solar Power, Fischer-Tropsch, Hydro-Treated Esters and Fatty Acids, Synthesized Iso-paraffins (SIP), Alcohol to Jet (ATJ), Co-processing), Application (Commercial, Defence), Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Published Date: May, 2020
Base Year Estimate: 2019
Report ID: D-AD-ZFAM-06
Number of Pages: 298
Domain: Aerospace & Defense
Zero Fuel Aviation Market – Trends Forecast Till 2028
The global zero fuel aviation market is anticipated to grow at a CAGR of 53.8% during the forecasting period, 2020-2028. To avoid the negative environmental impacts, the aviation industry has been careful to promote favourable technologies such as zero fuel aviation. Factors such as environmental benefits, diversified supply, economic and social benefits are some of the factors driving the market for zero fuel aviation.
The global zero fuel aviation market is segmented into technology, application, and geography.
The technology segment is segmented into solar power, fischer-tropsch, hydro-treated esters, and fatty acids, synthesized Iso-paraffins (SIP), alcohol to jet (ATJ)
Application segment is segmented into commercial and defense
Geographically, the global zero fuel aviation market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions.
North America region has come up as the prominent region for the leading share in the overall global zero fuel aviation market during the forecast period 2020-2028.
Key players in the global zero fuel aviation market are Total SA, Neste Oyj, Swedish Biofuels AB, Red Rock Biofuels LLC, Gevo Inc., Honeywell International Inc., Fulcrum BioEnergy Inc., SG Preston Company, LanzaTech Inc. among others.
The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:
- In 2019, ZeroAvia has claimed that its planes will be cheaper to manufacture and fly as compared to standard jet fuel-powered vehicles, while also producing none of the carbon emissions that make the aviation industry one of the worst polluters.
- In 2016, Solar Impulse 2, the Internet of Things (IoT) solar-powered plane, completed the last its worldwide journey. It has 17,000 photovoltaic (PV) cells on its wings.
In addition to the market data for the zero fuel aviation market. Delvens offers client-centric reports and is customized according to the company’s specific demand and requirements.
This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, conferences like Jefferies conference)—to identify and collect information useful for this study of the Zero fuel aviation market. The purpose of secondary research is to identify and collection of extensive, technical, market-oriented, and commercial studies of the global zero fuel aviation market. Through secondary research, the market is classified and segmented as per industry trends, developments, regional markets, products, and technological developments.
The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology used in drafting this report on the zero fuel aviation market.
Primary Respondents Breakdown is given below:
Top-down and bottom approaches were used to derive the market estimate and validate the total revenue of the zero fuel aviation market. This approach has also been used to derive the market for segmentation and sub-segmentation.
Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data, we contact primary respondents in order to gain a 98.8% of confidence level on our data.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Industry/Strategic Consultants