THE STATE OF SUSTAINABLE AVIATION TECHNOLOGIES 2024
REASONS TO INVEST IN SUSTAINABLE AVIATION Soar into a booming market •
The aviation market is projected to reach $396.15 billion by 2029.
•
Expected CAGR of 2.87% from 2024-2029. It is a growing market that needs to be decarbonised to hit 2050 targets.
•
Significant growth expected in emerging markets, particularly in South Asia and the Far East.
Ride the green regulatory wave •
There is a global push for aviation decarbonisation through mandates and incentives.
•
Increasing regulatory pressure in Europe, with indications of similar trends in China and India.
Sustainable aviation fuel: fuel fossil-free flight •
Potential to reduce lifecycle emissions by 80% or more compared to conventional jet fuel.
•
The SAF market is to grow to over $27 billion by 2032, driven by regulatory mandates and industry commitments.
Hydrogen: the sky-high revolution •
Hydrogen fuel cells could reduce emissions by 75-90% while making aircraft cheaper to operate.
•
Companies like ZeroAvia are targeting commercial hydrogen-electric flights this decade.
10
