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Sustainable Aviation Fuel (SAF) Market size is set to grow by USD 5.29 billion from 2024-2028, Favorable government policies to boost the market growth, Technavio

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NEW YORK, June 27, 2024 /PRNewswire/ — The global sustainable aviation fuel (SAF) market  size is estimated to grow by USD 5.29 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of about 75.62%  during the forecast period.  Favorable government policies is driving market growth, with a trend towards research on third-generation biofuels. However, higher cost of production compared to conventional fuels  poses a challenge. Key market players include Aemetis Inc., Alder Energy LLC, Chevron Corp., Cummins Inc., Deutsche Lufthansa AG, Eni SpA, Fulcrum BioEnergy Inc., Gevo Inc., LanzaTech Global Inc., Neste Corp., OMV Aktiengesellschaft, Pan Oleo Energy Ltd., Preem Holdings AB, Sasol Ltd., Shell plc, SkyNRG BV, SYNHELION SA, TotalEnergies SE, Velocys Plc, and World Energy LLC.

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Biofuel, Hydrogen fuel, and Power to liquid fuel), Application (Commercial aviation, Business and general aviation, Military aviation, and Unmanned aerial aviation), and Geography (North America, APAC, Europe, Middle East and Africa, and South America)

Region Covered

North America, APAC, Europe, Middle East and Africa, and South America

Key companies profiled

Aemetis Inc., Alder Energy LLC, Chevron Corp., Cummins Inc., Deutsche Lufthansa AG, Eni SpA, Fulcrum BioEnergy Inc., Gevo Inc., LanzaTech Global Inc., Neste Corp., OMV Aktiengesellschaft, Pan Oleo Energy Ltd., Preem Holdings AB, Sasol Ltd., Shell plc, SkyNRG BV, SYNHELION SA, TotalEnergies SE, Velocys Plc, and World Energy LLC

 

Key Market Trends Fueling Growth

The Sustainable Aviation Fuel (SAF) market is experiencing significant growth with the advancement of biofuel technology. Second and third-generation biofuels, particularly SAF, are derived from non-food feedstocks such as wood, organic waste, and algae. Algae fuels offer numerous advantages, including high-quality diverse fuels like biodiesel, butanol, and jet fuel, and greater yield with up to ten times the fuel production per acre compared to traditional fuels. Micro-algae, with their high lipid content and ease of cultivation, are popular candidates for SAF production. This evolution in biofuel technology is diversifying feedstock options and enhancing fuel performance through advanced technology. 

The Sustainable Aviation Fuel (SAF) market is experiencing significant growth due to increasing demand for eco-friendly alternatives in the aviation industry. Components such as vegetable oils, animal fats, and waste cooking oil are commonly used to produce SAF. Technologies like hydroprocessing and fermentation are employed to convert these feedstocks into jet fuel. Companies are investing in research and development to improve the efficiency and sustainability of SAF production. The use of SAF reduces carbon emissions and contributes to the aviation industry’s efforts towards becoming more environmentally friendly. The adoption of SAF is a trend that is gaining momentum in the aviation sector, with many airlines and governments supporting its implementation. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The sustainable aviation fuel (SAF) market faces challenges in terms of inefficient production technology and high feedstock costs. Advanced biofuel processing is complex, leading to higher operational costs for SAF compared to conventional fuels. Electric and hybrid vehicles, which are more economical and sustainable alternatives, may hinder SAF market growth due to their increasing demand and lower carbon emissions.The Sustainable Aviation Fuel (SAF) market faces several challenges in its implementation and adoption. One challenge is the high cost of SAF compared to traditional jet fuel. Another challenge is the limited supply of SAF, as it is currently produced from feedstocks like algae and waste vegetable oils. Additionally, the infrastructure for producing and distributing SAF is not yet widely available. Technological advancements and government incentives are necessary to make SAF production cost-effective and scalable. Furthermore, the aviation industry must work towards reducing its carbon footprint and meeting emission reduction targets, making SAF a crucial solution for sustainable aviation.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This sustainable aviation fuel (saf) market report extensively covers market segmentation by

Type 1.1 Biofuel1.2 Hydrogen fuel1.3 Power to liquid fuelApplication 2.1 Commercial aviation2.2 Business and general aviation2.3 Military aviation2.4 Unmanned aerial aviationGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Biofuel-  The Sustainable Aviation Fuel (SAF) market is experiencing significant growth due to increasing demand for eco-friendly alternatives in the aviation industry. Companies are investing in SAF production, driven by government incentives and customer preference. SAF reduces carbon emissions by up to 80% compared to traditional jet fuel. Major airlines have set ambitious targets to use SAF in a substantial percentage of their fuel mix by 2030. This trend is expected to continue, making SAF a promising business opportunity.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Sustainable Aviation Fuel (SAF) market represents a significant advancement in the aviation industry’s efforts to reduce carbon emissions. SAF, also known as renewable jet fuel, is derived from various sources such as biofuels and hydrogen fuel cells. Its adoption in commercial and military aviation sectors is gaining momentum due to its economic viability and environmental benefits. SAF is a crucial component in the aviation industry’s strategy to decrease emissions from air transportation. The market’s growth is driven by the increasing demand for sustainable alternatives to traditional jet fuels and government initiatives to promote the use of cleaner fuels in the aviation sector. The aviation industry’s transition to SAF is essential to mitigate the sector’s significant carbon footprint and contribute to a more sustainable future for air travel.

Learn and explore more about Technavio’s in-depth research reports

Biofuels are renewable fuels derived from organic materials like plants and algae, offering a sustainable alternative to traditional fossil fuels. The global biofuels market is driven by increasing environmental concerns and the need for energy security. Key players in this market include ethanol and biodiesel producers, with significant growth anticipated due to government incentives and advancing technology. As the world seeks cleaner energy solutions, biofuels play a crucial role in reducing greenhouse gas emissions and diversifying energy sources.

Market Research Overview

The Sustainable Aviation Fuel (SAF) market refers to the production and use of alternative jet fuels derived from renewable sources, such as vegetable oils, agricultural waste, and algae. These fuels offer significant reductions in carbon emissions compared to traditional jet fuel, making them a crucial component in the aviation industry’s efforts to reduce its carbon footprint. The global SAF market is experiencing steady growth, driven by increasing government regulations, industry initiatives, and technological advancements. Various types of SAFs are under development, including hydroprocessed esters and fatty acids (HEFA), alcohol-to-jet (ATJ), and biomass-based jet fuel. The market is expected to continue expanding as the demand for more sustainable aviation solutions increases.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeBiofuelHydrogen FuelPower To Liquid FuelApplicationCommercial AviationBusiness And General AviationMilitary AviationUnmanned Aerial AviationGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Ping An Good Doctor Upgrades AI Doctor Service “Ping An AI Doctor”, Expanding Access to Ping An Ecosystem’s 90 Million MAUs

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HONG KONG, June 17, 2026 /PRNewswire/ — Ping An Healthcare and Technology Company Limited (“Ping An Good Doctor” or the “Company”, Stock Code: 1833.HK) has recently upgraded its AI doctor service — Ping An AI Doctor. The service has been fully integrated into a number of core applications under Ping An Group, including Ping An Jin Guan Jia, Ping An Auto Owner, Ping An Pocket Bank and Ping An Le Health, reaching 90 million monthly active users.

Powered by the Ping An Medical Master® large model, the upgraded Ping An AI Doctor has established a service model centered on “AI responses in seconds + full-process supervision by human doctors”. It is also deeply connected with the platform’s unique “online, in-hospital, in-home, and in-company” healthcare service network. By integrating intelligent medical capabilities with a full-scenario ecosystem, Ping An AI Doctor is expected to promote the scalable, routine and inclusive implementation of premium family doctor services, providing the public with digital solutions for full-cycle health management.

Ping An AI Doctor breaks through the functional limitations of conventional intelligent Q&A tools. By deeply applying AI large models to clinical assistance scenarios, it can standardize professional services such as preliminary symptom screening, condition assessment, medication safety guidance, health risk assessment and personalized plan formulation. The platform supports 24/7 uninterrupted service and intelligent responses within seconds, responding to common daily health consultation needs in as fast as three seconds. This significantly shortens the time required for the public to access basic medical services and lowers the threshold for use.

To ensure medical quality and safety, the platform has established a full-process human doctor review mechanism. All diagnosis and treatment suggestions and health guidance plans generated by AI are reviewed and calibrated by licensed practicing physicians. For difficult conditions, complex chronic diseases or potential risks of serious conditions, the system will also automatically transfer the case to human doctors for follow-up, with specialists providing one-on-one in-depth consultations, thereby achieving “intelligent acceleration and efficiency enhancement, with professional medical support as a safeguard.”

Leveraging Ping An Group’s ecosystem advantages in multi-business collaboration, users do not need to download a separate application or mini-program. Instead, they can access relevant services with one click through high-frequency Ping An ecosystem portals, including insurance, banking and auto owner services. In terms of service system development, Ping An AI Doctor integrates Ping An’s full-scenario medical resources across “online, in-hospital, in-home, and in-company” settings, forming a closed-loop health management service chain. It also offers functions such as health assessments, electronic medical records management, health checkup report interpretation and chronic disease management, covering healthy and sub-healthy populations as well as patients with common chronic diseases such as hypertension, diabetes and hyperlipidemia.

In medical service scenarios, Ping An AI Doctor connects users with more than 3,500 contracted experts from Grade A tertiary hospitals, over 5,100 partner hospitals and 240,000 branded chain pharmacies, providing one-stop services including precise triage, expert appointment booking, medical accompaniment and hospitalization assistance. Meanwhile, it supports emergency medication delivery in as fast as one hour, as well as in-home services such as home nursing, home-based health and elderly care, and postpartum recovery, further enhancing family health service scenarios.

Ping An Good Doctor will continue to deepen innovation in medical technology, iteratively enhance AI clinical assistance capabilities, and continuously expand high-quality offline medical resources and specialized health and elderly care services. The Company will further enrich full-scenario healthcare services, empower people’s health through technology, safeguard family wellbeing with professional services, and continue contributing to the digital development of Healthy China.

View original content:https://www.prnewswire.com/apac/news-releases/ping-an-good-doctor-upgrades-ai-doctor-service-ping-an-ai-doctor-expanding-access-to-ping-an-ecosystems-90-million-maus-302802017.html

SOURCE Ping An Healthcare and Technology Company Limited

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Avochato Brings HIPAA-Compliant AI Texting to Healthcare

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Healthcare organizations can now deploy AI agents on a messaging platform independently certified for security and privacy every year since 2019

MILL VALLEY, Calif., June 16, 2026 /PRNewswire/ — Avochato, the AI-powered business messaging platform, today announced HIPAA-compliant AI texting for the healthcare industry, alongside the completion of its seventh consecutive year of SOC 2 Type II and HIPAA compliance certifications by Linford & Company, LLP.

Healthcare teams have been quick to adopt texting because patients read and answer texts far faster than phone calls or emails. But most AI messaging tools were not built to handle protected health information. Avochato closes that gap: hospitals, clinics, healthcare staffing agencies, and home-care providers can now use real-time AI agents, AI-suggested replies, and conversation insights across SMS, RCS, voice, and live chat, all within a platform independently audited for security and privacy seven years running.

“AI is transforming how healthcare organizations communicate, and in this industry trust is the foundation,” said Alex De Simone, Co-founder and CEO of Avochato. “By building on Anthropic’s models with zero data retention, and pairing that with seven consecutive years of SOC 2 Type II and HIPAA compliance, Avochato customers don’t have to choose between moving fast with AI and protecting sensitive data. They can do both.”

AI Built for Regulated Conversations

With Avochato, healthcare teams can:

Fill shifts and confirm appointments faster with automated, personalized outreach at scale, plus AI-suggested responses that keep reply times lowDeploy AI agents that answer common patient and staff questions instantly and hand off seamlessly to a human when a conversation needs oneTrain AI agents on their own content, from intake FAQs to scheduling policies, using custom knowledge basesKeep every conversation visible in a shared, auditable team inbox, so no patient message or shift request slips through the cracksTrack sentiment in real time, with AI-generated ratings, conversation summaries, and suggested next actions for every conversation

“We fill shifts in minutes that used to take hours of phone calls,” said the director of operations at a national healthcare staffing agency with more than 10,000 active clinicians.

Powered by Anthropic’s Claude, with Zero Data Retention

Avochato’s HIPAA-compliant AI capabilities run on Claude, Anthropic’s family of frontier AI models known for safety and reliability in enterprise settings. For healthcare customers, Avochato runs Claude under a zero-data-retention configuration, meaning protected health information processed by the AI is never stored or used for model training. The result is AI that meets the standard healthcare compliance teams actually require, not just the standard the industry markets.

Avochato signs Business Associate Agreements with healthcare customers that choose the HIPAA plan. Healthcare organizations can learn more and start a free trial at www.avochato.com/signup.

Security That’s Verified

Avochato’s seventh consecutive SOC 2 Type II and HIPAA certifications reflect safeguards built into every layer of the platform:

Encryption of all data in transit and at restSingle Sign On with Okta, Microsoft Azure, Salesforce, and GoogleMulti-factor authentication restricts access to verified usersRole-based access controls so administrators can define exactly who sees whatContent obfuscation for sensitive information, including media attachments

About Avochato

Avochato helps teams manage calls, texts, and chats in one secure inbox. Trusted by thousands of businesses across healthcare, professional services, logistics, and more than a dozen other industries, Avochato supports two-way communication through SMS, MMS, RCS, phone calls, and live chat, with integrations for Okta, Salesforce, Slack, Microsoft Teams, and more. Learn more at www.avochato.com.

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SOURCE Avochato

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BluIP and Oracle Hospitality Implement New Platform for Loews Hotels & Co.

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LAS VEGAS, June 16, 2026 /PRNewswire/ — BluIP completed a new project for the guest engagement center at Loews Hotels & Co. This was a collaboration between Loews Customer Engagement Center and the team at BluIP with support and partnership from Oracle Hospitality OPERA Cloud. The cloud-based solution consists of communication solutions, tightly integrated with Loews’ Central Reservations and PMS platforms.

Loews had a goal to unify channels, integrate with Oracle OPERA Cloud, and provide team members with guest details the instant an interaction begins. BluIP stepped in to architect and deliver the solution.

BluIP deployed the voice, chat, messaging, analytics, and workforce management, and layered on hospitality-specific integrations that BluIP is known for in the industry. As guest inquiries arrive, the system now pulls reservation details, guest profile data, and past interactions from OPERA Cloud and presents them directly inside the agent’s guest engagement center interface. If the guest begins on chat using BluIP AIVA® — asking about pet policies or requesting to change a reservation — context follows the interaction if it’s escalated to a live agent. No one repeats confirmation numbers or dates.

“Loews set a clear bar: make every interaction feel personal and effortless,” said Armen Martirosyan, CEO at BluIP. “By pairing Loews guest engagement center platform with Oracle OPERA Cloud PMS integration and BluIP’s technical, hospitality industry, and operational expertise, we gave agents the context they need the instant they say hello, and we delivered the complete solution in five months.”

Team Members also gained an enterprise-wide, custom routing directory created by BluIP and directly integrated into Loews guest engagement center platform. With it, a call can be transferred to a hotel property, department, or individual extension with a few keystrokes—whether it’s the front desk in Coronado or a chef in Kansas City.

“Our guests should have a seamless and well executed stay,” said Heather Girolami, a Senior Vice President with Loews Hotels & Co. “Team Members now see the reservation, the dates, and the request the moment a chat or call lands. We’re taking care of our guests with less friction.”

BluIP and Oracle Hospitality completed the full deployment and integration in just five months, beginning January 1, 2025, going live in May of that year and now handling over 1.1 million interactions per month. 

“Oracle Hospitality is committed to enabling our customers to deliver exceptional, personalized guest experiences at every touchpoint,” said Tanya Pratt, global vice president, strategy and product management, Oracle Hospitality. “The Loews project demonstrates the power of Oracle OPERA Cloud’s open architecture when paired with the right partner. Loews is now delivering context-aware service across every channel via more than 1.1 million interactions per month, anchored by the guest data that lives in Oracle OPERA Cloud.”

For BluIP, this project further proves the thesis: connect platforms properly and deeply, and the interaction model changes. Hotels stop opening conversations by collecting data and can continue their focus on servicing guests. 

About BluIP
BluIP is a global carrier and leader in AI-powered communications for hospitality, healthcare, and enterprise. Its AIVA Connect platform delivers conversational AI, omni-channel engagement, analytics, and 2,800+ integrations, including 35+ PMS systems, powering more than 600,000 guest rooms worldwide. Visit bluip.com.

About Oracle Hospitality
Oracle technology serves independent hoteliers, global hotel chains, casinos, and cruise lines in over 230 countries and territories. Our cloud-native solutions connect the entire business from the front desk to the dining room and back office, and our customers use intuitive tools and AI insights to fuel frictionless guest experiences, maximize profitability, and encourage long-term loyalty. To learn more, please visit www.oracle.com/hospitality.

MEDIA CONTACT
Beth McClure
Head of Marketing, BluIP
(866) 443-6494
info@bluip.com

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SOURCE BluIP, Inc.

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