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.
The report also describes the key business strategies, demand and supply ratios, leading regions, and the renowned market players, in a nutshell, offering a futuristic outlook of the overall Hydrogen Aircraft Market The market intelligence report is a prototype of the 360° overview of the global Hydrogen Aircraft Market , shedding light on the estimated market value, share, growth trends, gross revenue, competitive overview, prominent manufacturers and buyers, available product types, and end-use applications.
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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. This has already been created in Germany and France.
- 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. It is also more powerful and energy efficient than fossil fuels and is extremely effective when compared to other energy sources.
- 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. According to HES Energy Systems, its Element One aircraft can carry up to four passengers over a distance of 500-5,000 kilometers, depending on whether hydrogen is stored in gaseous or liquid form.
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Global Hydrogen Aircraft Market Report – Table of Contents:
Chapter 1 includes the global Hydrogen Aircraft market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
Chapter 2 broadly categorizes the Hydrogen Aircraft market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
Chapter 3 elaborates on the competitive outlook of the Hydrogen Aircraft market, focusing on the major manufacturers and vendor landscape.
Chapter 4 exhaustively studies the key manufacturers of the Hydrogen Aircraft industry, along with their anticipated sales and revenue shares.
Chapters 5 includes market segmentation based on product type, application range, and market players.
Leading companies profiled in the report:
Airbus, AeroVironment, Inc., AeroDelft, Kenshoo, Ltd (Skai), HES Energy Systems, Urban Aeronautics Ltd., ZeroAvia, Inc., GKN Aerospace, and Flyka
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Emergen Research has segmented the global hydrogen aircraft market on the basis of power source, passenger capacity, range, and region:
- Power Source Outlook (Revenue, USD Million; 2030-2040)
- Hydrogen Combustion
- Hydrogen Fuel Cell
- Passenger Capacity Outlook (Revenue, USD Million; 2030-2040)
- Up to 4 Passengers
- 5 to 10 Passengers
- More than 10 Passengers
- Range Outlook (Revenue, USD Million; 2030-2040)
- Up to 20 km
- 20 km to 100 km
- More than 100 km
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- Regional Overview:
The global Hydrogen Aircraft market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Hydrogen Aircraft market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
The report considers the following timeline for market estimation:
Historical Years: 2017-2018
Base Year: 2019
Estimated Year: 2027
Forecast Years: 2019-2030
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