The research study conducted on the Aviation Fuel market involved the extensive use of secondary sources, directories, and databases, such as D&B Hoovers, Bloomberg, and Factiva, to identify and collect relevant information. Primary sources included industry experts from the market as well as suppliers, manufacturers, solution providers, technology developers, alliances, and organizations related to all segments of the value chain of this industry. In-depth interviews of various primary respondents, including key industry participants, subject matter experts (SMEs), industry consultants, and C-level executives, were conducted to obtain and verify critical qualitative and quantitative information pertaining to the market as well as assess the growth prospects of the market. A deductive approach, also known as the bottom-up approach combined with the top-down approach, was used to forecast the market size of different market segments.
Secondary Research
The share of companies in the Aviation Fuel market was determined based on secondary data made available through paid and unpaid sources and an analysis of the product portfolios of major companies. These companies were rated based on their performance and quality. These data points were further validated by primary sources. Secondary sources for this research study included corporate filings, such as annual reports, investor presentations, and financial statements from trade, business, and professional associations. The secondary data was collected and analyzed to arrive at the overall market size, which was further validated by primary respondents.
Primary Research
Extensive primary research was conducted after obtaining information about the current scenario of the Aviation Fuel market through secondary research. Several primary interviews were conducted with market experts from both, the demand and supply sides across different regions. This primary data was collected through questionnaires, emails, and telephonic interviews.
Note: Tiers of companies are based on their revenue in 2023. Tier 1: company revenue greater than USD 1 billion; tier 2: company revenue between USD 100 million and USD 1 billion; and tier 3: company revenue less than USD 100 million.
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Market Size Estimation
The top-down and bottom-up approaches were used to estimate and validate the size of the Aviation Fuel market. The research methodology used to estimate the market size includes the following details.
Key players in the market were identified through secondary research, and their market share was determined through primary and secondary research. This included a study of the annual and financial reports of top market players and extensive interviews with industry stakeholders such as CEOs, technical advisors, military experts, and SMEs of leading companies operating in the Aviation Fuel market.
All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data on the Aviation Fuel market. This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.
Aviation Fuel Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall size of the Aviation Fuel market from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the Aviation Fuel market size was validated using the top-down and bottom-up approaches.
Market Definition
Aviation fuel is a fuel used to power aircraft of all types. Aviation fuel can be classified as conventional fuel and sustainable aviation fuel; where conventional aviation fuel is a specialized type of petroleum-based fuel that is processed with additives to maintain characteristics important for its performance and handling. Conventional aviation fuel is further classified as jet fuel and avgas. Sustainable aviation fuel is an alternative fuel developed with sustainable processes that can reduce the aviation industry's carbon footprint. Sustainable aviation fuel is produced from sustainable feedstocks, depending on production methods and utilization of the supply chain, which can be used in existing aircraft engines and fuel systems without making any changes.
Key Stakeholders
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Airlines
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Fuel Producers and Suppliers
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Aircraft Manufacturers
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Airports
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Regulatory Bodies and Governments
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Renewable Energy Companies
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Investors and Financial Institutions
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Environmental Organizations
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Research and Academic Institutions
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Logistics and Transportation Companies
Report Objectives
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To define, describe, segment, and forecast the size of the Aviation Fuel Market based on fuel type, aircraft type, end user and region.
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To forecast sizes of various segments of the market with respect to six major regions, namely, North America, Europe, Asia Pacific, Middle East, Latin America and Africa, along with major countries in each of these regions.
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To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the market across the globe.
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To identify industry trends, market trends, and technology trends that are currently prevailing in the market.
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To provide an overview of the regulatory landscape with respect to drone regulations across regions.
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To analyze micro markets with respect to individual growth trends, prospects, and their contribution to the overall market.
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To analyze opportunities in the market for stakeholders by identifying key market trends.
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To profile key market players and comprehensively analyze their market shares and core competencies.
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To analyze the degree of competition in the market by identifying key growth strategies, such as acquisitions, product launches, contracts, and partnerships, adopted by leading market players.
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To identify detailed financial positions, key products, and unique selling points of leading companies in the market.
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To provide a detailed competitive landscape of the market, along with market ranking analysis, market share analysis, and revenue analysis of key players.
Available Customizations
Along with the market data, MarketsandMarkets offers customizations as per the specific needs of companies. The following customization options are available for the report:
Product Analysis
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Product matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis
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Further breakdown of the market segments at country-level
Company Information
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Detailed analysis and profiling of additional market players (up to 5)
Johan
Feb, 2023
The projected growth of the aviation fuel market is significant and reflects the increasing demand for sustainable aviation fuels and the need to reduce emissions. Government initiatives and regulations will play an important role in driving this growth. It will be interesting to see how the market develops and whether technological advancements will lead to further innovation in sustainable aviation fuel production..