Defense aircraft aviation fuel market to grow at a CAGR of 5.81% from 2022 to 2027; The increasing use of military UAVs to boost the market growth -Technavio

NEW YORK, Aug. 14, 2023 /PRNewswire/ -- The defense aircraft aviation fuel market is estimated to grow at a CAGR of 5.81% between 2022 and 2027 and the size of the market is forecast to increase by USD 17,077.63 million according to Technavio. Download a Sample Report!

Defense aircraft aviation fuel market Insights - 

• Companies: 15+, Including BP Plc, Chevron Corp., Exxon Mobil Corp., Gevo Inc., Honeywell International Inc., Indian Oil Corp. Ltd., LanzaJet Inc., Marathon Petroleum Corp., MOL Group, Neste Corp., Petroleo Brasileiro SA, PJSC LUKOIL, Repsol SA, Shell plc, SkyNRG BV, Swedish Biofuels AB, TotalEnergies SE, Valero Energy Corp., Vitol Netherlands Cooperatief UA, and World Fuel Services Corp.
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and company landscape; company product insights and recent developments; key companies; and market positioning of Companies
• Segments: Product (Air turbine fuel, Aviation biofuel, and Others), Application (Surveillance aircraft, Civil aircraft, and others), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)

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Defense aircraft aviation fuel market - Company Insights

The growing competition in the market is compelling companies to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market companies including -BP Plc, Chevron Corp., Exxon Mobil Corp., Gevo Inc., Honeywell International Inc., Indian Oil Corp. Ltd., LanzaJet Inc., Marathon Petroleum Corp., MOL Group, Neste Corp., Petroleo Brasileiro SA, PJSC LUKOIL, Repsol SA, Shell plc, SkyNRG BV, Swedish Biofuels AB, TotalEnergies SE, Valero Energy Corp., Vitol Netherlands Cooperatief UA, and World Fuel Services Corp.

Defense Aircraft Aviation Fuel Market - Market Dynamics

Kay Driver - 

The increasing use of military UAVs is driving growth in the aircraft aviation fuel market. The use of unmanned aerial vehicles in a wide range of military applications is on the rise. UAVs are becoming important in a number of applications, such as providing internet in remote locations, video and aerial photography, surveying, and documentation, as well as critical military missions. To simplify military operations on the battlefield, unmanned aerial systems (UAVs) were invented primarily for use in the defense sector. Over the years, UAV technology has seen many improvements in military operations.

As a result, for security reasons, many countries have started using UAVs in military applications. Although, the demand for aviation fuel is driven by the increasing use of unmanned aerial vehicles in the defense sector. Moreover, rising geopolitical issues among countries will also increase the demand for UAVs. Hence, such factors will drive the growth of the market during the forecast period.

Leading Trend - 

The increase in demand for jet fuel is a primary trend in the defense aircraft aviation fuel market. The increasing number of military aircraft has led to an increase in the demand for jet fuel. This increase in demand continues to have a significant impact on the aviation fuel industry. The demand for jet fuel has been steadily increasing as more and more countries around the world invest in their air forces. Military aircraft require significant amounts of jet fuel for their operations. The geopolitical climate in many parts of the world has prompted nations to increase their military capabilities. Rising tensions between nations have increased the demand for more advanced military aircraft. As a result, the demand for jet fuel has greatly increased as more countries invest in their defense capabilities.

In addition, the aviation fuel industry has had to adapt to meet growing demand. Refineries had to increase production to meet the military's fuel needs. Companies are leveraging new technologies that turn resources such as household waste, alcohol, atmospheric carbon, and wastewater into jet fuel on a commercial scale, promising more than 70% energy savings. Hence, such factors are expected to drive the use of jet fuel which is expected to drive the growth of defense aircraft aviation fuel market during the forecast period.

Significant Challenge - 

The fluctuation in crude oil prices is a major challenge for the defense aircraft aviation fuel market. The price of oil is a determining factor in the development of the aviation industry, the success or failure of exploitation depends on what it brings. Crude oil prices have been falling for a long time since July 2014. Prices have been falling continuously due to the imbalance of supply and demand. The falling revenue of upstream oil and gas companies directly affects their cash flow. 

However, volatile crude oil prices are a big risk for airlines. Due to rising oil prices, input fuel costs increase for the upstream region, leading to higher airfares. In addition, during the period of low crude oil prices, the operating costs of the aviation industry were reduced. Falling crude oil prices have reduced investment focus on alternative aviation fuels. Thus, such factors may impede the growth of the defense aircraft aviation fuel market during the forecast period.

Drivers, & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

The defense aircraft aviation fuel market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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What are the key data covered in this Defense Aircraft Aviation Fuel Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the defense aircraft aviation fuel market between 2023 and 2027
• Precise estimation of the defense aircraft aviation fuel market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the defense aircraft aviation fuel market across North America, APAC, Europe, South America, and the Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of defense aircraft aviation fuel market companies

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Related Reports:

The commercial aircraft aviation fuel market size is estimated to grow at a CAGR of 7.65% between 2022 and 2027, and the size of the market is forecast to increase by USD 49.5 billion. Furthermore, this report extensively covers market segmentation by application (passenger aircraft and cargo aircraft), type (air turbine fuel (ATF), aviation biofuel, and others), and geography (North America, APAC, Europe, South America, and the Middle East and Africa). The increase in demand for air travel is the key factor driving the growth of the commercial aircraft aviation fuel market during the forecast period.

The Aviation Market is estimated to decline at a CAGR of 6.2% between 2022 and 2027 and the size of the market is forecast to increase by USD 4,38.72 billion. Furthermore, this report extensively covers market segmentation by type (commercial aviation, military aviation, and general aviation), revenue stream (passenger and freight), and geography (APAC, Europe, North America, Middle East and Africa, and South America). The increasing efficiency of airlines is a major driving factor for the aviation market size during the forecast period. 

Table Of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Company Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of companies included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global defense aircraft aviation fuel market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global defense aircraft aviation fuel market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Air turbine fuel (ATF) - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Air turbine fuel (ATF) - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Air turbine fuel (ATF) - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Air turbine fuel (ATF) - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Air turbine fuel (ATF) - Year-over-year growth 2022-2027 (%)

• 6.4 Aviation biofuel - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Aviation biofuel - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Aviation biofuel - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Aviation biofuel - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Aviation biofuel - Year-over-year growth 2022-2027 (%)

• 6.5 Others - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Product 
• Exhibit 46: Market opportunity by Product ($ million)
• Exhibit 47: Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by Application

• 7.1 Market segments
• Exhibit 48: Chart on Application - Market share 2022-2027 (%)
• Exhibit 49: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 50: Chart on Comparison by Application
• Exhibit 51: Data Table on Comparison by Application

• 7.3 Surveillance aircraft - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Surveillance aircraft - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Surveillance aircraft - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Surveillance aircraft - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Surveillance aircraft - Year-over-year growth 2022-2027 (%)

• 7.4 Civil aircraft and others - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Civil aircraft and others - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Civil aircraft and others - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Civil aircraft and others - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Civil aircraft and others - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Application 
• Exhibit 60: Market opportunity by Application ($ million)
• Exhibit 61: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027 
• Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027 
• Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027 
• Exhibit 103: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ million)
• Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Company Landscape

• 11.1 Overview

• 11.2 Company landscape
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 112: Impact of key risks on business

12 Company Analysis

• 12.1 Company covered
• Exhibit 113: Company covered

• 12.2 Market positioning of Company
• Exhibit 114: Matrix on company position and classification

• 12.3 BP Plc
• Exhibit 115: BP Plc - Overview
• Exhibit 116: BP Plc - Business segments
• Exhibit 117: BP Plc - Key news
• Exhibit 118: BP Plc - Key offerings
• Exhibit 119: BP Plc - Segment focus

• 12.4 Chevron Corp.
• Exhibit 120: Chevron Corp. - Overview
• Exhibit 121: Chevron Corp. - Business segments
• Exhibit 122: Chevron Corp. - Key news
• Exhibit 123: Chevron Corp. - Key offerings
• Exhibit 124: Chevron Corp. - Segment focus

• 12.5 Exxon Mobil Corp.
• Exhibit 125: Exxon Mobil Corp. - Overview
• Exhibit 126: Exxon Mobil Corp. - Business segments
• Exhibit 127: Exxon Mobil Corp. - Key news
• Exhibit 128: Exxon Mobil Corp. - Key offerings
• Exhibit 129: Exxon Mobil Corp. - Segment focus

• 12.6 Gevo Inc.
• Exhibit 130: Gevo Inc. - Overview
• Exhibit 131: Gevo Inc. - Business segments
• Exhibit 132: Gevo Inc. - Key offerings
• Exhibit 133: Gevo Inc. - Segment focus

• 12.7 Honeywell International Inc. 
• Exhibit 134: Honeywell International Inc. - Overview
• Exhibit 135: Honeywell International Inc. - Business segments
• Exhibit 136: Honeywell International Inc. - Key news
• Exhibit 137: Honeywell International Inc. - Key offerings
• Exhibit 138: Honeywell International Inc. - Segment focus

• 12.8 Indian Oil Corp. Ltd. 
• Exhibit 139: Indian Oil Corp. Ltd. - Overview
• Exhibit 140: Indian Oil Corp. Ltd. - Business segments
• Exhibit 141: Indian Oil Corp. Ltd. - Key offerings
• Exhibit 142: Indian Oil Corp. Ltd. - Segment focus

• 12.9 LanzaJet Inc.
• Exhibit 143: LanzaJet Inc. - Overview
• Exhibit 144: LanzaJet Inc. - Product / Service
• Exhibit 145: LanzaJet Inc. - Key offerings

• 12.10 Marathon Petroleum Corp. 
• Exhibit 146: Marathon Petroleum Corp. - Overview
• Exhibit 147: Marathon Petroleum Corp. - Business segments
• Exhibit 148: Marathon Petroleum Corp. - Key offerings
• Exhibit 149: Marathon Petroleum Corp. - Segment focus

• 12.11 Neste Corp.
• Exhibit 150: Neste Corp. - Overview
• Exhibit 151: Neste Corp. - Business segments
• Exhibit 152: Neste Corp. - Key news
• Exhibit 153: Neste Corp. - Key offerings
• Exhibit 154: Neste Corp. - Segment focus

• 12.12 PJSC LUKOIL
• Exhibit 155: PJSC LUKOIL - Overview
• Exhibit 156: PJSC LUKOIL - Business segments
• Exhibit 157: PJSC LUKOIL - Key news
• Exhibit 158: PJSC LUKOIL - Key offerings
• Exhibit 159: PJSC LUKOIL - Segment focus

• 12.13 Repsol SA
• Exhibit 160: Repsol SA - Overview
• Exhibit 161: Repsol SA - Product / Service
• Exhibit 162: Repsol SA - Key offerings

• 12.14 Shell plc
• Exhibit 163: Shell plc - Overview
• Exhibit 164: Shell plc - Business segments
• Exhibit 165: Shell plc - Key offerings
• Exhibit 166: Shell plc - Segment focus

• 12.15 TotalEnergies SE
• Exhibit 167: TotalEnergies SE - Overview
• Exhibit 168: TotalEnergies SE - Business segments
• Exhibit 169: TotalEnergies SE - Key news
• Exhibit 170: TotalEnergies SE - Key offerings
• Exhibit 171: TotalEnergies SE - Segment focus

• 12.16 Valero Energy Corp.
• Exhibit 172: Valero Energy Corp. - Overview
• Exhibit 173: Valero Energy Corp. - Business segments
• Exhibit 174: Valero Energy Corp. - Key offerings
• Exhibit 175: Valero Energy Corp. - Segment focus

• 12.17 Vitol Netherlands Cooperatief UA 
• Exhibit 176: Vitol Netherlands Cooperatief UA - Overview
• Exhibit 177: Vitol Netherlands Cooperatief UA - Product / Service
• Exhibit 178: Vitol Netherlands Cooperatief UA - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 179: Inclusions checklist
• Exhibit 180: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 181: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 182: Research methodology
• Exhibit 183: Validation techniques employed for market sizing
• Exhibit 184: Information sources

• 13.5 List of abbreviations 
• Exhibit 185: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

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