The Hydrogen Aircraft Market report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Hydrogen Aircraft Market. It provides a comprehensive evaluation of the global Hydrogen Aircraft Market from various perspectives to deliver a detailed, informative, and precise analysis of regional growth, competition, and market segmentation, among other factors. Moreover, it also gives an accurate account of the significant breakthroughs and developments that influence the global Hydrogen Aircraft Market. It also focuses on both the global as well as the regional expansion of the Hydrogen Aircraft industry to give an overall analysis.
The global hydrogen aircraft market size is expected to reach USD 143.0 Million in 2030 and register a steady revenue CAGR of 28.1% during the forecast period, according to latest analysis by Emergen Research. Focus of the aviation industry on decarbonization can be attributed with a steady market revenue growth of hydrogen aircraft. Many different companies have taken steps to develop aircraft to lower carbon emissions. For instance, H2Fly has developed a radically new, zero-emission solution, which is powered by clean hydrogen, that is converted to electric power in fuel cell´s powertrain and demonstrator aircraft HY4 proves that zero-emission aviation is within reach.
A recent trend in the market is established players developing hydrogen engines to reduce carbon emissions. For instance, Rolls Royce is developing hydrogen engines for various vehicles including aircrafts. Hydrogen has the potential to power larger aircrafts as a direct gas turbine engine fuel, which is being investigated with significant technical and operational challenges yet to be overcome.
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Market Drivers:
The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in RD activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.
Some Key Highlights From the Report:
- On 25 May 2022, Airbus announced the opening of a Zero Emission Development Centre (ZEDC) for hydrogen technologies in the UK, bolstering its presence in the country. Development of a cost-competitive cryogenic fuel system necessary for successful entry-into-service of Airbus ZEROe passenger aircraft by 2035, will be a top goal for UK ZEDC including acceleration of UK skills and know-how in hydrogen-propulsion technology.
- The hydrogen fuel cell segment is expected to register a rapid growth rate over the forecast period attributed to its simplicity and possibility of having a backup system of batteries. Hydrogen fuel cells not only have the advantage of being renewable and ready to use, but they are also a clean and flexible energy source that can be used to support zero-carbon energy policy.
- The up to 4 passengers’ segment is expected to register a rapid revenue growth rate over the forecast period owing to development of various prototypes of hydrogen aircrafts. For instance, HES Energy Systems, a French-Singapore company specializing in hydrogen-based drone propulsion systems, has announced its intention to build the world's first hydrogen electric airliner for regional flights.
The leading market contenders listed in the report are:
Airbus, AeroVironment Inc., AeroDelft, Kenshoo, Ltd. (Skai), HES Energy Systems, Pipistrel d.o.o., Urban Aeronautics Ltd., ZeroAvia Inc., GKN Aerospace, and Flyka
The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
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Market Segmentations of the Hydrogen Aircraft Market
Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Hydrogen Aircraft market on the basis of product, application, and region:
Segments Covered in this report are:
- Power Source Outlook (Revenue, USD Billion; 2022–2030)
- Hydrogen Combustion
- Hydrogen Fuel Cell
- Passenger Capacity Outlook (Revenue, USD Billion; 2022–2030)
- Up to 4 Passengers
- 5 to 10 Passengers
- More than 10 Passengers
- Range Outlook (Revenue, USD Billion; 2022–2030)
- Up to 20 km
- 20 to 100 km
- More than 100 km
Regional Outlook of the Hydrogen Aircraft Market
The global Hydrogen Aircraft market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Hydrogen Aircraft market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
Table of Contents
- Executive Summary
- Research Methodology
- Market Overview
- Regional Landscape
- Global Market Analysis and Forecast by Types
- Global Market Analysis and Forecast by Applications
- Global Market Analysis and Forecast by Regions
- North America Market Analysis and Forecast
- Europe Market Analysis and Forecast
- Asia Pacific Market Analysis and Forecast
- Latin America Market Analysis and Forecast
- Middle East Africa Market Analysis and Forecast
- Competitive Landscape
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