Home / Aerospace & Defense / Aviation Emission Control Market
Aviation Emission Control Market Size, Share, and COVID-19 Impact Analysis, By Type (Scope 1 Emissions, Scope 2 Emissions, and Scope 3 Emissions), By Fuel (Bio-Jet Fuel, Hydrogen, Ammonia, Liquefied Methane, and Others), By Source (Fixed-Winged Aircrafts, Rotary-Winged Aircrafts, Ground Vehicles, Auxiliary Power Units, and Others), and By Regional Forecast, 2024-2032
Report Format: PDF | Published Date: Ongoing | Report ID: FBI108227 | Status : UpcomingThe Aviation Emission Control Market worldwide is experiencing robust growth, with a noteworthy CAGR projected for the forecast period until 2032. Aviation emission control refers to the products and services employed to reduce the pollution and damage to the environment caused by the exhaust from aircraft engines. It mainly involves the use of alternate fuels to reduce the carbon emissions during flights.
Key Market Insights:
Aviation emission control is the process of reducing the pollution or the carbon-footprint from the aviation industry. The maximum emission contribution comes from the combustion of fuels in jet engines, and thus alternative fuels are being used instead of the conventional ones which reduce the carbon emission upon burning. Other sources of aviation emission include the ground equipment for aircraft services, shuttle buses, air conditioning, auxiliary power units, construction equipment at airports, and others.
The market is driven by the concern regarding the environmental effects of the aviation industry. According to a report published by International Civil Aviation Organization (ICAO), air traffic emissions accounted for 3.5% per cent of the total radiative forcing by all human activities in the year 1999. Such reports accelerate research, and thus aid market growth.
A major restraint towards market growth is the capital associated with the research and development of newer technologies and methods to reduce aviation emissions. The research towards the development of alternative fuels takes time and money, and so do the methodologies for reducing emissions from airports.
Impact of the COVID-19 on Global Aviation Emission Control Market:
Industries across the globe were severely impacted due to the COVID-19 pandemic. Since its beginning in early weeks of 2020, the pandemic forced many countries to impose nationwide lockdowns, causing a massive decline in manufacturing and triggering supply chain disruptions. The aviation industries was one of the hardest hit industries. With the travel restrictions in effect, airlines had no passengers or cargo to transport, and had to ground almost their entire fleet. This move affected the aviation emission control market. With a decrease in the demand for new aircrafts and the existing ones being grounded, the demand for alternate fuels also saw a sharp decline. Furthermore, the research for the market was slowed down due to the pandemic, with many big firms facing financial crunches. Overall, the COVID-19 pandemic negatively impacted the market.
The global aviation emission control market is divided into three broad segments- by type, by fuel, and by source. Based on the type of emissions, the market is trifurcated into scope 1 emissions, scope 2 emission, and scope 3 emissions. Based on the type of alternative fuel used, the market is divided into bio-jet fuel, hydrogen, ammonia, liquefied methane, and others. Based on the source of emissions, the market is divided into fixed-wing aircrafts, rotary-winged aircrafts, ground vehicles, auxiliary power units, and others. Based on the region, the market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Key Insights:
The report will describe the following key insights:
- The report analyzes a detailed industry overview, including qualitative and quantitative information.
- The report analyzes an overview and forecast of the global aviation emission control market based on various segments.
- The report also analyzes comprehensive PEST analysis for all four regions, i.e. North America, Europe, Asia Pacific, Middle East & Africa, and Latin America, after evaluating economic, social, political, and technological factors affecting the global aviation emission control market in these regions.
Regional Analysis:
North America is the biggest region for this region. The region has an extensive aviation network consisting of many airports and a large number of aircrafts. The presence of major governing bodies, such as International Air Transport Association (IATA) and Federal Aviation Administration (FAA), as well as independent players like Honeywell International Inc., also adds to the region’s contributions towards market growth.
Asia Pacific is projected to grow the fastest in the future. The region is seeing a rise in the number of passengers, and thus a subsequent rise in the number of aircrafts and expansion of airports to match the demand. This also means a stricter enforcement for aviation emission control, which is favourable for the market.
Key Players Covered:
- Gevo, Inc.
- Hypoint, Inc
- Honeywell International Inc
- Shell Aviation
- Neste
- KLM Royal Dutch Airlines
- Johnson Matthey
- Chevron Lummus Global LLC
- Others
Segmentation:
By Type | By Fuel | By Source | By Region |
|
|
|
|
Key Industry Developments:
- In May 2023, Emirates announced that the company committed USD 200 Million towards the research and development of projects focused on reducing the impact of fossil fuels in commercial aviation. The funds were to be disbursed over a period of three years, and this investment is one of the biggest ones towards environmental sustainability.
- In March 2023, Delta Air Lines Inc., announced a deal with Gevo, Inc. for the procurement of sustainable aviation fuel (SAF). The agreement includes the supply of roughly 75 Million gallons of SAF annually for a period of seven years. This will help Delta achieve their goal of fueling 10% of their operations with SAF by the end of 2030.
- Global
- 2023
- 2019-2022