Global Sustainable Aircraft Energy Market

Global Sustainable Aircraft Energy Market Size, Trends & Analysis - Forecasts to 2026 By Type (Commercial Aircraft, Military Aircraft, Business & General Aircraft), By Component (Battery, Electric Motor, Fuel Cells, Generators), By Technology (Hybrid [Solar Powered, Battery Powered, Fuel Cell Powered], Fully Electric), By Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa); End-User Landscape, Company Market Share Analysis, and Competitor Analysis

Category Aerospace & Defence

Format

This report was recently updated on April 12 2024 with the latest and most recent market numbers

Sustainable Aircraft Energy Market Insights

The aviation industry's commitment towards reducing carbon footprints and dependency on conventional fuel has influenced the Sustainable Aircraft Energy Market growth. The presence of various alternatives including but not limited to bio-fuels, solar power, electrification, and fuel cells are key attributing factors driving demand. Factors such as the increased number of aircraft have put major pressure on traditional fuel companies which in turn is impacting the supply and price trend.

Government intervention to adopt sustainable energy sources to promote environment-friendly commercial fleets will impact the Sustainable Aircraft Energy Industry growth. A surge in air passengers due to increased globalization and traveling trends has stimulated the need for ecological traveling solutions. High dependency on conventional fuel has resulted in increased pricing which in turn is surging traveling costs for passengers. To maintain the economic scenario it became essential for government and aviation regulatory bodies to invest in renewable energy sources.

Regulatory authorities such as Federal Aviation Administration (FAA), International Civil Aviation Organization (ICAO), and International Air Transport Association (IATA) have imposed various controlling policies with the prime focus to reduce carbon emissions. With the implementation of these policies, the aircraft manufacturers are working to integrate a single electronic system in the planes by replacing the heavy mechanical systems. Less complexity, ease in operational activity, along with light weight are other important aspects incurring preference for Sustainable Aircraft Energy Market.

In conclusion, initiatives are being taken by various manufacturers to evaluate the probability and long-term after-effects by opting for renewable energy sources. Factors such as production cost, material availability, government compliance, and raw material pricing are taken into consideration before installing the electric systems complimenting these fuel sources. High procurement cost and heavy initial investment to fully integrate the energy-efficient fuels & systems in the plane may impact the Sustainable Aircraft Energy Price Trend.

global sustainable aircraft energy market

Sustainable Aircraft Energy Market: By Type

Commercial aircraft, military aircraft, and business & general aircraft are three categories in the industry. Business & general aircraft are projected to gain maximum share in the segment due to their heavy passenger traffic. An increasing trend for traveling whether for work or leisure has stimulated the aviation industry. Another major segment that will witness significant growth is the military industry. The need for lighter-weight components and energy-efficient planes will drive demand for Sustainable Aircraft Energy in the military segment.

Sustainable Aircraft Energy Market: By Component

Battery, electric motor, fuel cells, and generator are major components involved in the industry. Demand for energy efficient components to make the operation productive will propel the demand for fuel cells. These are long lasting and impactful sources of energy that facilitate longer duration travel. Batteries are light weight and compatible with the planes due to less complexity. However, inefficient in longer duration planes may impact its preference in commercial and military planes.

Sustainable Aircraft Energy Market: By Technology

Hybrid and full electric are key operational technologies in the Sustainable Aircraft Energy market. Hybrid technology is further segmented into solar powered, battery powered, and fuel cell powered. Increasing investments in the development of hydrogen-based commercial airplanes will influence the demand for hydrogen-based fuel cells.

Fully electric planes will witness high gains due to their environment-friendly properties and their contribution towards curbing carbon emission. The fully electric planes are expected to lead the overall market share. However, increasing investments among OEMs and technology providers to minimize the cost and maximize the profit will result in the development of hybrid planes.

asia pacific sustainable aircraft energy market

Sustainable Aircraft Energy Market: By Region

Europe's sustainable aircraft energy market will dominate the regional industry share in the coming years. Increasing investments in eco-friendly fuel solutions along with the presence of major industry players will influence the regional industry growth. Government initiatives to remodel the aviation infrastructure accompanied by the existence of large-scale investors will positively drive the growth.

Asia Pacific sustainable aircraft energy market will observe the highest gains during the forecast period. Increased air traffic due to globalization and a heavy population has urged the demand for more aircraft. China, India, and South Korea are among the key contributors in the region. Also, increasing investments in military planes will propel the regional demand. North America is expected to foresee significant gains in the coming years. Heavy investment in defense and commercial planes will propel the regional demand.

Sustainable Aircraft Energy Market Share and Competitor Analysis

Safran, Honeywell International Inc., Thales Group, United Technologies Corporation, Raytheon Company, GE Aviation, Ametek, Meggitt PLC, Radiant Power Corporation, BAE Systems, Eaglepicher Technologies, Astronics Corporation, Pioneer Magnetics, Esterline Technologies (Transdigm Group), Crane Aerospace & Electronics, Hartzell Engine Technologies, PBS Aerospace, Nabtesco Corporation, Avionic Instruments, LLC and Carlisle Interconnect Technologies are major industry players.

To understand the market thoroughly, the industry participants across the value chain are taken into consideration while compiling the company market share assessment. Forward integration and backward integration is seen as a key strategy which makes the whole industry ecosystem essential to understand the industry.

Other key industry players are Yuneec International, Zunum Aero, PC Aero, Pipistrel, Eviation Aircraft, Alisport SRL, Lilium, Schempp-Hirth, Digisky, Electric Aircraft, Volta Volare, Hamilton Aero, Electravia, Bye Aerospace, Aurora (A Boeing Company), and Wright Electric.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1 Methodology

1.1 Market scope & definitions

1.2 Estimates & forecast calculation

1.3 Historical data overview and validation

1.4 Data sources

1.4.1 Secondary

1.4.2 Primary

Chapter 2 Report Outlook

2.1 Sustainable Aircraft Energy overview, 2016-2026

2.1.1 Industry overview

2.1.2 Type overview

2.1.3 Component overview

2.1.4 Technology overview

2.1.5 Regional overview

Chapter 3 Sustainable Aircraft Energy Market Trends

3.1 Market segmentation

3.2 Industry background, 2016-2026

3.3 Market key trends

3.3.1 Positive trends

3.3.2 Industry challenges

3.4 Prospective growth scenario

3.4.1 Technology growth scenario

3.4.2 Upcoming projects

3.5 COVID-19 influence over industry growth

3.6 Porter’s analysis

3.7 PESTEL analysis

3.8 Value chain & supply chain analysis

3.9 Regulatory framework

3.9.1 North America

3.9.2 Europe

3.9.3 APAC

3.9.4 LATAM

3.9.5 MEA

3.10 Technology overview

3.10.1 Material

3.10.2 Process

3.11 Market share analysis, 2020

3.11.1 Company positioning overview, 2020

Chapter 4 Sustainable Aircraft Energy Market, By Type

4.1 Type Outlook

4.2 Commercial Aircraft

4.2.1 Market size, by region, 2016-2026 (USD Million)

4.3 Military Aircraft

4.3.1 Market size, by region, 2016-2026 (USD Million)

4.4 Business & General Aircraft

4.4.1 Market size, by region, 2016-2026 (USD Million)

Chapter 5 Sustainable Aircraft Energy Market, By Component

5.1 Component Outlook

5.2 Battery

5.2.1 Market size, by region, 2016-2026 (USD Million)

5.3 Electric Motor

5.3.1 Market size, by region, 2016-2026 (USD Million)

5.34 Fuel Cells

5.4.1 Market size, by region, 2016-2026 (USD Million)

5.5 Generators

5.5.1 Market size, by region, 2016-2026 (USD Million)

Chapter 6 Sustainable Aircraft Energy Market, By Technology

6.1 Technology Outlook

6.2 Hybrid

6.2.1 Market size, by region, 2016-2026 (USD Million)

6.2.2 Solar Powered

6.2.2.1 Market size, by region, 2016-2026 (USD Million)

6.2.3 Battery Powered

6.2.3.1 Market size, by region, 2016-2026 (USD Million)

6.2.4 Fuel Cell Powered

6.2.4.1 Market size, by region, 2016-2026 (USD Million)

6.3 Fully Electric

6.3.1 Market size, by region, 2016-2026 (USD Million)

Chapter 7 Sustainable Aircraft Energy Market, By Region

7.1 Regional outlook

7.2 North America

7.2.1 Market size, by country 2016-2026 (USD Million)

7.2.2 Market size, by type, 2016-2026 (USD Million)

7.2.3 Market size, by component, 2016-2026 (USD Million)

7.2.4 Market size, by technology, 2016-2026 (USD Million)

7.2.5 U.S.

7.2.5.1 Market size, by type, 2016-2026 (USD Million)

7.2.5.2 Market size, by component, 2016-2026 (USD Million)

7.2.5.3 Market size, by technology, 2016-2026 (USD Million)

7.2.6 Canada

7.2.6.1 Market size, by type, 2016-2026 (USD Million)

7.2.6.2 Market size, by component, 2016-2026 (USD Million)

7.2.6.3 Market size, by technology, 2016-2026 (USD Million)

7.3 Europe

7.3.1 Market size, by country 2016-2026 (USD Million)

7.3.2 Market size, by type, 2016-2026 (USD Million)

7.3.3 Market size, by component, 2016-2026 (USD Million)

7.3.4 Market size, by technology, 2016-2026 (USD Million)

7.3.5 Germany

7.2.5.1 Market size, by type, 2016-2026 (USD Million)

7.2.5.2 Market size, by component, 2016-2026 (USD Million)

7.2.5.3 Market size, by technology, 2016-2026 (USD Million)

7.3.6 UK

7.3.6.1 Market size, by type, 2016-2026 (USD Million)

7.3.6.2 Market size, by component, 2016-2026 (USD Million)

7.3.6.3 Market size, by technology, 2016-2026 (USD Million)

7.3.7 France

7.3.7.1 Market size, by type, 2016-2026 (USD Million)

7.3.7.2 Market size, by component, 2016-2026 (USD Million)

7.3.7.3 Market size, by technology, 2016-2026 (USD Million)

7.3.8 Italy

7.3.8.1 Market size, by type, 2016-2026 (USD Million)

7.3.8.2 Market size, by component, 2016-2026 (USD Million)

7.3.8.3 Market size, by technology, 2016-2026 (USD Million)

7.3.9 Spain

7.3.9.1 Market size, by type, 2016-2026 (USD Million)

7.3.9.2 Market size, by component, 2016-2026 (USD Million)

7.3.9.3 Market size, by technology, 2016-2026 (USD Million)

7.3.10 Russia

7.3.10.1 Market size, by type, 2016-2026 (USD Million)

7.3.10.2 Market size, by component, 2016-2026 (USD Million)

7.3.10.3 Market size, by technology, 2016-2026 (USD Million)

7.4 Asia Pacific

7.4.1 Market size, by country 2016-2026 (USD Million)

7.4.2 Market size, by type, 2016-2026 (USD Million)

7.4.3 Market size, by component, 2016-2026 (USD Million)

7.4.4 Market size, by technology, 2016-2026 (USD Million)

7.4.5 China

7.4.5.1 Market size, by type, 2016-2026 (USD Million)

7.4.5.2 Market size, by component, 2016-2026 (USD Million)

7.4.5.3 Market size, by technology, 2016-2026 (USD Million)

7.4.6 India

7.4.6.1 Market size, by type, 2016-2026 (USD Million)

7.4.6.2 Market size, by component, 2016-2026 (USD Million)

7.4.6.3 Market size, by technology, 2016-2026 (USD Million)

7.4.7 Japan

7.4.7.1 Market size, by type, 2016-2026 (USD Million)

7.4.7.2 Market size, by component, 2016-2026 (USD Million)

7.4.7.3 Market size, by technology, 2016-2026 (USD Million)

7.4.8 Australia

7.4.8.1 Market size, by type, 2016-2026 (USD Million)

7.4.8.2 Market size, by component, 2016-2026 (USD Million)

7.4.8.3 Market size, by technology, 2016-2026 (USD Million)

7.4.9 South Korea

7.4.9.1 Market size, by type, 2016-2026 (USD Million)

7.4.9.2 Market size, by component, 2016-2026 (USD Million)

7.4.9.3 Market size, by technology, 2016-2026 (USD Million)

7.5 Latin America

7.5.1 Market size, by country 2016-2026 (USD Million)

7.5.2 Market size, by type, 2016-2026 (USD Million)

7.5.3 Market size, by component, 2016-2026 (USD Million)

7.5.4 Market size, by technology, 2016-2026 (USD Million)

7.5.5 Brazil

7.5.5.1 Market size, by type, 2016-2026 (USD Million)

7.5.5.2 Market size, by component, 2016-2026 (USD Million)

7.5.5.3 Market size, by technology, 2016-2026 (USD Million)

7.5.6 Mexico

7.5.6.1 Market size, by type, 2016-2026 (USD Million)

7.5.6.2 Market size, by component, 2016-2026 (USD Million)

7.5.6.3 Market size, by technology, 2016-2026 (USD Million)

7.5.7 Argentina

7.5.7.1 Market size, by type, 2016-2026 (USD Million)

7.5.7.2 Market size, by component, 2016-2026 (USD Million)

7.5.7.3 Market size, by technology, 2016-2026 (USD Million)

7.6 MEA

7.6.1 Market size, by country 2016-2026 (USD Million)

7.6.2 Market size, by type, 2016-2026 (USD Million)

7.6.3 Market size, by component, 2016-2026 (USD Million)

7.6.4 Market size, by technology, 2016-2026 (USD Million)

7.6.5 Saudi Arabia

7.6.5.1 Market size, by type, 2016-2026 (USD Million)

7.6.5.2 Market size, by component, 2016-2026 (USD Million)

7.6.5.3 Market size, by technology, 2016-2026 (USD Million)

7.6.6 UAE

7.6.6.1 Market size, by type, 2016-2026 (USD Million)

7.6.6.2 Market size, by component, 2016-2026 (USD Million)

7.6.6.3 Market size, by technology, 2016-2026 (USD Million)

7.6.7 South Africa

7.6.7.1 Market size, by type, 2016-2026 (USD Million)

7.6.7.2 Market size, by component, 2016-2026 (USD Million)

7.6.7.3 Market size, by technology, 2016-2026 (USD Million)

Chapter 8 Company Landscape

8.1 Competitive analysis, 2020

8.2 Safran

8.2.1 Company overview

8.2.2 Financial analysis

8.2.3 Strategic positioning

8.2.4 Info graphic analysis

8.3 Honeywell International Inc.

8.3.1 Company overview

8.3.2 Financial analysis

8.3.3 Strategic positioning

8.3.4 Info graphic analysis

8.4 Thales Group

8.4.1 Company overview

8.4.2 Financial analysis

8.4.3 Strategic positioning

8.4.4 Info graphic analysis

8.5 United Technologies Corporation

8.5.1 Company overview

8.5.2 Financial analysis

8.5.3 Strategic positioning

8.5.4 Info graphic analysis

8.6 Raytheon Company

8.6.1 Company overview

8.6.2 Financial analysis

8.6.3 Strategic positioning

8.6.4 Info graphic analysis

8.7 GE Aviation

8.7.1 Company overview

8.7.2 Financial analysis

8.7.3 Strategic positioning

8.7.4 Info graphic analysis

8.8 Ametek

8.8.1 Company overview

8.8.2 Financial analysis

8.8.3 Strategic positioning

8.8.4 Info graphic analysis

8.9 Meggitt PLC

8.9.1 Company overview

8.9.2 Financial analysis

8.9.3 Strategic positioning

8.9.4 Info graphic analysis

8.10 Radiant Power Corporation

8.10.1 Company overview

8.10.2 Financial analysis

8.10.3 Strategic positioning

8.10.4 Info graphic analysis

8.11 BAE Systems

8.11.1 Company overview

8.11.2 Financial analysis

8.11.3 Strategic positioning

8.11.4 Info graphic analysis

8.12 Eaglepicher Technologies, LLC

8.12.1 Company overview

8.12.2 Financial analysis

8.12.3 Strategic positioning

8.12.4 Info graphic analysis

8.13 Astronics Corporation

8.13.1 Company overview

8.13.2 Financial analysis

8.13.3 Strategic positioning

8.13.4 Info graphic analysis

8.14 Pioneer Magnetics

8.14.1 Company overview

8.14.2 Financial analysis

8.14.3 Strategic positioning

8.14.4 Info graphic analysis

8.15 Esterline Technologies (Transdigm Group)

8.15.1 Company overview

8.15.2 Financial analysis

8.15.3 Strategic positioning

8.15.4 Info graphic analysis

8.16 Crane Aerospace & Electronics

8.16.1 Company overview

8.16.2 Financial analysis

8.16.3 Strategic positioning

8.16.4 Info graphic analysis

8.17 Hartzell Engine Technologies

8.17.1 Company overview

8.17.2 Financial analysis

8.17.3 Strategic positioning

8.17.4 Info graphic analysis

8.18 PBS Aerospace

8.18.1 Company overview

8.18.2 Financial analysis

8.18.3 Strategic positioning

8.18.4 Info graphic analysis

8.19 Nabtesco Corporation

8.19.1 Company overview

8.19.2 Financial analysis

8.19.3 Strategic positioning

8.19.4 Info graphic analysis

8.20 Avionic Instruments, LLC

8.20.1 Company overview

8.20.2 Financial analysis

8.20.3 Strategic positioning

8.20.4 Info graphic analysis

8.21 Carlisle Interconnect Technologies

8.21.1 Company overview

8.21.2 Financial analysis

8.21.3 Strategic positioning

8.21.4 Info graphic analysis

8.22 Zunum Aero

8.22.1 Company overview

8.22.2 Financial analysis

8.22.3 Strategic positioning

8.22.4 Info graphic analysis

8.23 Yuneec International

8.23.1 Company overview

8.23.2 Financial analysis

8.23.3 Strategic positioning

8.23.4 Info graphic analysis

8.24 PC Aero

8.24.1 Company overview

8.24.2 Financial analysis

8.24.3 Strategic positioning

8.24.4 Info graphic analysis

8.25 Pipistrel

8.25.1 Company overview

8.25.2 Financial analysis

8.25.3 Strategic positioning

8.25.4 Info graphic analysis

8.26 Eviation Aircraft

8.26.1 Company overview

8.26.2 Financial analysis

8.26.3 Strategic positioning

8.26.4 Info graphic analysis

8.27 Lilium

8.27.1 Company overview

8.27.2 Financial analysis

8.27.3 Strategic positioning

8.27.4 Info graphic analysis

8.28 Alisport SRL

8.28.1 Company overview

8.28.2 Financial analysis

8.28.3 Strategic positioning

8.28.4 Info graphic analysis

8.29 Schempp-Hirth

8.29.1 Company overview

8.29.2 Financial analysis

8.29.3 Strategic positioning

8.29.4 Info graphic analysis

8.30 Bye Aerospace

8.30.1 Company overview

8.30.2 Financial analysis

8.30.3 Strategic positioning

8.30.4 Info graphic analysis

8.31 Digisky

8.31.1 Company overview

8.31.2 Financial analysis

8.31.3 Strategic positioning

8.31.4 Info graphic analysis

8.32 Electric Aircraft

8.32.1 Company overview

8.32.2 Financial analysis

8.32.3 Strategic positioning

8.32.4 Info graphic analysis

8.33 Volta Volare

8.33.1 Company overview

8.33.2 Financial analysis

8.33.3 Strategic positioning

8.33.4 Info graphic analysis

8.34 Hamilton Aero

8.34.1 Company overview

8.34.2 Financial analysis

8.34.3 Strategic positioning

8.34.4 Info graphic analysis

8.35 Electravia

8.35.1 Company overview

8.35.2 Financial analysis

8.35.3 Strategic positioning

8.35.4 Info graphic analysis

8.36 Wright Electric

8.36.1 Company overview

8.36.2 Financial analysis

8.36.3 Strategic positioning

8.36.4 Info graphic analysis

8.37 Aurora (A Boeing Company)

8.37.1 Company overview

8.37.2 Financial analysis

8.37.3 Strategic positioning

8.37.4 Info graphic analysis

The Global Sustainable Aircraft Energy Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Sustainable Aircraft Energy Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.