Aircraft Insulation Market worth $8.2 billion by 2026

 The global Aircraft insulation market size is projected to grow from USD 5.5 billion in 2021 to USD 8.2 billion by 2026, at a CAGR of 8.3% from 2021 to 2026.

The market is driven by various factors, such as increase in demand for lightweight materials, introduction of advanced acoustic and fire resistant materials resulting in safer operations of aircraft, declining cost of composite materials, and increasing demand for military helicopters.

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Driver: Increase in demand for lightweight insulation materials

Increase in demand for lightweight insulation materials is a key factor that is expected to drive the aircraft insulation market. There is an increase in the use of composite materials to manufacture aerostructures. These materials include concrete, fiber-reinforced polymer, metal composites, and ceramic composites. These materials are combined to make composite materials that have high strength, flexibility, and are lightweight as compared to aluminum or steel. Furthermore, these materials are corrosion-resistant, which keeps the covers of an aerostructure tight under any weather condition.

Investments made towards research & development of new materials in the aircraft insulation market have led to the development of advanced composite materials, such as Polymer Matrix Composites (PMCs), Ceramic Matrix Composites (CMCs), and Metal Matrix Composites (MMCs). These composites have heat absorption capacity, less weight, noise cancellation capability, vibration absorbance, etc.

Such advancements in the aircraft insulation technology are expected to lead to their demand during the forecast period.

Opportunity: Increase in demand for composite materials from General Aviation (GA) and business jets industry to reduce cabin noise

The demand for general aviation and business jet services is increasing globally due to the increase in disposable income of people, standard of living, and corporate and recreational aviation. This, in turn, has led to a rise in demand for private jets, business jets, and small aircraft from the General Aviation (GA) industry. Presently, the General Aviation industry is focusing on increasing its market share in the North American and European regions. Following the rise in demand for aircraft and increase in passenger traffic, aircraft manufacturers are using composite materials to make aircraft cabin noise-free. Although aero grade aluminum alloy has been considered as a major material for current GA aircraft models, Carbon Fiber Reinforced Polymer (CFRP) is being widely adopted to manufacture new aircraft models.

Additionally, the emerging economies of the world contribute majorly to the growth of the business jets market. Countries such as India, China, Australia, Saudi Arabia, and Nigeria are the growing markets for business jets manufacturers. Enhancements in the interior of the business jets also attract new customers. This leads to a huge demand for insulation materials used in the aerospace sector, which are used in several cockpit and other luxury equipment of business jets.

By Type

• Thermal Insulation

• Acoustic & Vibration Insulation

• Electric Insulation

By Material

• Foamed Plastics

• Fiberglass

• Mineral Wool

• Ceramic-based Materials

• Others

By Application

• Airframe

• Propulsion System

By Platform

• Fixed Wing

• Rotary Wing

• Unmanned Aerial Vehicles

By Region

• North America

• Asia Pacific

• Europe

• Rest of the World

Recent Developments

• In September 2019, BASF SE developed particle foam based on polyethersulfone (PESU). The foam offers various features such as flame retardancy, high-temperature resistance, and lightweight.

• In March 2019, Transdigm Group, Inc. acquired Esterline Technologies Corporation (US), a manufacturer of aircraft parts & components, machine tool systems, aircraft insulation systems, and automated drilling products. The acquisition enabled Transdigm Group, Inc. to strengthen its position in the global aircraft insulation market.

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Sustainable Aviation fuel market is projected to grow USD 15,716 million by 2030

 The aviation industry is keen on bringing down the carbon footprints to achieve a sustainable environment and meet the stringent regulatory standards on emissions. The alternative solutions, such as improving aero-engine efficiency by design modifications, hybrid-electric and all-electric aircraft, renewable jet fuels, etc., are being adopted by various stakeholders of the aviation industry. However, out of these solutions, adoption of sustainable aviation fuels such as e-fuels, synthetic fuels, green jet fuels, biojet fuels, hydrogen fuels is one of the most feasible alternative solutions with respect to socio and economic benefits when compared to others, which contributes significantly to mitigating current and expected future environmental impacts of aviation. In addition, airlines across the entire aviation industry are expanding their commercial fleets, due to rise in air travel These large and growing fleets are propelling the demand for the sustainable aviation fuel as a near to mid-term solution for reducing GHG emissions.

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“Based on fuel type, biofuel is expected to account the largest share in the sustainable aviation fuel market in 2020”

By type, the sustainable aviation fuel market has been segmented into biofuel, hydrogen fuel, and power-to-liquid. The biofuel segment is estimated to account for the largest share during the forecast period. Achieving the GHG emissions reduction targets proposed by the aviation industry and by organizations such as the International Civil Aviation Organization (ICAO) will require a significant increase in biofuel production and consumption, thus driving the market. In addition, drop-in capability with no changes in infrastructure of aircraft drives demand for biofuel.

“Based on biofuel manufacturing technology, the hydroprocessed fatty acid esters and fatty acids - synthetic paraffinic kerosene (HEFA-SPK) segment is projected to lead the sustainable aviation fuel market during the forecast period”

By biofuel manufacturing technology, the sustainable aviation fuel market is segmented into Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK), Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK), Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (HFS-SIP), Alcohol to Jet SPK (ATJ-SPK), and Catalytic Hydrothermolysis Jet (CHJ). Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK). Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK) is projected to lead the sustainable aviation fuel market during the forecast period. This growth can be attributed to the most commercially available biofuels produced are from this technology.

“Based on biofuel blending capacity, the 30% to 50% segment of the sustainable aviation fuel market is projected to grow at the highest CAGR during the forecast period”

Based on biofuel blending capacity, the sustainable aviation fuel market is segmented into below 30%, 30% to 50%, and above 50%. The 30% to 50% segment is projected to grow at the highest CAGR during the forecast period. The increasing concerns of the climate change will drive the demand for a larger blending capacity of renewable jet fuel with the conventional jet fuel. There has been various initiatives taken by the airlines to test and implement the blended fuel in their aircraft fleet. For instance, in June 2019, United Airlines took a flight from Chicago O’Hare to Los Angeles, powered by a 30% blend of sustainable aviation fuel produced by World Energy. The blended fuel met the same fuel specifications as Jet A with additional environmental benefits.

“Based on platform, the military aviation segment of the sustainable aviation fuel market is projected to grow at the highest CAGR during the forecast period”

Based on platform, the sustainable aviation fuel market is segmented into commercial aviation, military aviation, business & general aviation, and unmanned aerial vehicle. The military aviation segment is projected to grow at the highest CAGR during the forecast period. The defense sector is expected to be the fastest-growing segment among the different platforms, owing to the increasing government focus on promoting bio-jet fuels in the defense/military sector, particularly in the US, the Netherlands, and India.

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Weather Forecasting Systems Market worth $3.5 Billion by 2026

 The Weather Forecasting Systems Market is projected to grow from USD 2.7 billion in 2021 to USD 3.5 billion by 2026, at a CAGR of 5.1% in terms of value during the forecasted period.

The market exhibits lucrative growth potential during the forecast period primarily due to the increasing demand for weather monitoring systems by end-user industries to align their business activities as per the changes in prevalent weather conditions. The market is also driven by the enhanced need for weather monitoring to support disaster management at a local, regional, and global level.

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Based on application, the weather satellites segment is estimated to account for the largest market share from 2021 to 2026.

Based on application, the weather satellites segment is estimated to lead the weather forecasting systems market from 2021 to 2026 and is projected to grow further due to the increasing need for earth monitoring and weather observing systems to measure, monitor, and provide valuable inputs on several climatic parameters.

Based on forecast type, the short-range segment is projected to grow at the highest CAGR during the forecast period.

Short-term weather forecasting method provides information on the upcoming weather where the projection time ranges from few hours to 48 hours or in some cases up to 72 hours. A short-range forecast is based on weather charts, maps, satellite images, weather balloons and ground-based information. The information provided is not only used for weather prediction, but it also serves in other applications like aviation, ship routing etc. Hence, the increasing demand for weather forecasts by fisheries and transportation sectors is anticipated to drive the growth of the short-range segment of the weather forecasting systems market from 2021 to 2026.

Based on vertical, the others segment is estimated to exhibit the fastest growth in the weather forecasting systems market from 2021 to 2026

Based on vertical, the others segment is expected to witness the fastest growth during the forecast period. 2021 to 2026. The requirement of weather forecasting systems in media and telecommunications, sports complexes, and other private enterprises are driving the growth of weather forecasting systems market.

The Asia Pacific market estimated to lead the Weather Forecasting Systems market in the forecast period

Based on region, Asia Pacific is expected to lead the weather forecasting systems market from 2021 to 2026. The growth of the Asia Pacific weather forecasting Systems market is primarily driven by increasing focus on increasing investments in weather forecasting
Systems technologies by countries in this region Besides, the regional economies have undertaken several projects related to sustainable and renewable energy generation to protect the environment and avoid energy crises in the future. Since most renewable energy sources are vulnerable to weather fluctuations, the need to maximize energy output necessitates the adoption of sophisticated weather monitoring and forecasting systems to ensure optimal output, thereby driving the weather forecasting systems market in the region.

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such
The Weather Company (US), Vaisala OYJ (Finland), AccuWeather Inc. (US), StormGeo (Norway), Sutron Corporation (US), Campbell Scientific (US), Airmar Technology Corporation (US), All Weather, Inc. (US), G. Lufft Mess-und Regeltechnik (Germany), and Skye Instruments (UK)

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