Fuel Efficiency Technologies in the Commercial Aviation Market 2012-2022

The development of fuel efficient technologies to reduce fuel burn and lower carbon emissions is viewed as a necessity to the future of air travel. Volatile fuel prices have placed the very solvency of many airlines in question. Airlines must reduce their consumption of oil-based jet fuel by investing in more fuel-efficient technologies, nurturing the growth of alternative energies, and, more immediately, optimising their business models. Visiongain calculates the global fuel efficient technologies in the commercial aviation market, defined as spending on new aircraft engines, biofuels, advanced composites for airframe design and air traffic management systems, to be $48.30bn in 2012.