The hydrogen aircraft global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Hydrogen Aircraft Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The hydrogen aircraft market size has grown exponentially in recent years. It will grow from $1.4 billion in 2023 to $1.76 billion in 2024 at a compound annual growth rate (CAGR) of 26.1%. The growth in the historic period can be attributed to environmental regulations, government initiatives, rise in air passenger traffic, rise in aerospace spending.
The hydrogen aircraft market size is expected to see exponential growth in the next few years. It will grow to $4.09 billion in 2028 at a compound annual growth rate (CAGR) of 23.4%. The growth in the forecast period can be attributed to increasing demand for unmanned aerial vehicles, growing demand for sustainable aviation fuel, increasing demand for domestic travel, emerging market growth. Major trends in the forecast period include increased investment in research and development, hydrogen hybridization, sustainability certifications, collaboration and partnerships.
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Scope Of Hydrogen Aircraft Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Hydrogen Aircraft Market Overview
Market Drivers –
An increase in air passenger traffic across the globe is expected to propel the growth of the hydrogen aircraft market. Air passenger traffic refers to scheduled passengers (number of people who have booked a flight with a commercial airline, excluding charter flights) handled by the global airline industry. With the rising number of passengers, more flights are in operation than ever before, leading to pollution due to the emittance of harmful gases by aircraft. To overcome the problem of pollution, hydrogen-based aircraft comes out to be a clean option. According to the International Air Transport Association (IATA) passenger data for March 2022, total traffic in March 2022 (measured in revenue passenger kilometers or RPKs) was up 76% compared to March 2021. Thus, an increase in aviation will drive the aviation analytics market.
The hydrogen aircraft market covered in this report is segmented –
1) By Technology: Fully Hydrogen Powered Aircraft, Hybrid Electric Aircraft, Hydrogen Fuel Cell Aircraft, Liquid Hydrogen Aircraft
2) By Power Source: Hydrogen Combustion, Hydrogen Fuel Cell
3) By Range: 20 Km To 100 Km, More Than 100 Km, Up To 20 Km
4) By Platform: Air Taxis, Business Jets, Unmanned Aerial Vehicles
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Regional Insights –
North America was the largest region in the hydrogen aircraft market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the hydrogen aircraft market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the hydrogen aircraft market include Aerodelft, Aerovironment Inc., Airbus SE, Apus Group, Doosan Mobility Innovation, Boeing Company, ZeroAvia Inc., HES Energy Systems Pte. Ltd., Universal Hydrogen Co., Vertical Aerospace Ltd., Pipistrel d.o.o Ajdovščina, Eviation Aircraft Ltd., MagniX USA Inc., Urban Aeronautics Ltd., Joby Aviation Inc., GKN Aerospace Ltd., Reaction Engines Ltd., Embraer SA, Ravn X, Alaka’i Technologies Co., SkyDrive Inc., HyPoint Inc., Faradair AeroSpace Ltd., Element One Inc., Rolls-Royce Plc, Terrafugia Corp., Groupe ADP, FlyEco Pvt. Ltd., Deutsche Regional Aircraft GmbH, H2FLY GmbH, Pipistrel Aircraft d.o.o
Table of Contents
1. Executive Summary
2. Hydrogen Aircraft Market Report Structure
3. Hydrogen Aircraft Market Trends And Strategies
4. Hydrogen Aircraft Market – Macro Economic Scenario
5. Hydrogen Aircraft Market Size And Growth
…..
27. Hydrogen Aircraft Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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