Report Scope & Overview:
The Hydrogen Aircraft Market Size was valued at US$ 5.15 billion in 2022, expected to reach USD 6.58 billion by 2030, and grow at a CAGR of 3.1% over the forecast period 2023-2030.
A hydrogen aircraft is an aeroplane that is powered by hydrogen (liquid or gas). A hydrogen aeroplane can use hydrogen energy in two ways. It can be used in a jet engine or other types of internal combustion engines, or it can be used to power a fuel cell, which generates electricity to power an aircraft propeller. Hydrogen research as a potential fuel to power zero-emission aircraft has increased in recent years. The aviation industry is attempting to create technology to address issues such as hydrogen storage, public perceptions of safety, and cost.
MARKET DYNAMICS:
KEY DRIVERS:
The aviation sector is focusing on decarbonization.
Less carbon emission
RESTRAINTS:
High cost
OPPORTUNITIES:
Development of Hydrogen Aircraft
Minimum pollution
CHALLENGES:
Converting current planes to hydrogen planes
Low temperature requirement
THE IMPACT OF COVID-19
With its rapid global spread, high mortality and closure, and border closure, COVID-19 has significantly reduced the need for worldwide travel. Indeed, COVID-19 is a shift in the tourism industry as a result of a combination of changes in passenger behavior, government travel restrictions, and widespread global economic decline. The corona-virus crisis also contributes to the impact of commercial aviation on climate change beyond reducing the emissions of canceled flights and suspended flights. Improvements in shipping efficiency and a significant increase in the use of sustainable aircraft fuels and hydrogen fuels may be delayed. Technological advances in the development and design of air-frames have contributed to many improvements in fuel efficiency and reduced emissions since the 1950's. NASA's programs in basic and operational research as well as the Federal Aviation Administration's technical development and education relationships with participating airlines continue and have the potential to significantly reduce CO2 and NO2 emissions from new generation aircraft. Many older, less efficient flights parked as part of the access will not be restored to service. In particular, however, the industry is expected to delay acquiring a new aircraft containing technological improvements until demand is met, solvency verification of carrier companies is guaranteed, and the price of aircraft fuel puts pressure on adding evolutionary fuel-saving evolution to ships.
The hydrogen aircraft market is divided into two segments based on power source: hydrogen combustion and hydrogen fuel cell. The expansion of the hydrogen fuel cell segment of the hydrogen aircraft market can be ascribed to its simplicity as well as the availability of a battery backup system. The hydrogen aircraft market is divided into three segments based on passenger capacity: up to four passengers, five to ten passengers, and more than ten passengers. Because of the development of numerous hydrogen aircraft prototypes, the market for up to four passengers is likely to increase at a faster CAGR.
The hydrogen aircraft market is divided into three categories based on range: up to 20 km, 20 km to 100 km, and more than 100 km. The segment of up to 20 kilometers is expected to account for the majority of the total. Drones are predicted to be widely used in the near future (by 2028), driving the growth of the market for up to 20 km segments.
Factors such as increased worldwide air passenger traffic, the high appropriateness of hydrogen as an aviation fuel, and lower greenhouse gas emissions by using hydrogen aircraft are expected to drive expansion in the global hydrogen aircraft market during the forecast period. The existing price gap between hydrogen and conventional jet fuel, on the other hand, is likely to stifle growth in the worldwide hydrogen aircraft market throughout the projection period. Furthermore, the creation of a green hydrogen ecosystem, proactive government activities toward hydrogen powered aircraft, and rise in hydrogen infrastructure development around the world provide profitable prospects for market expansion during the projection period.
MARKET KEY PLAYER
ZeroAvia Inc, Airbus SE, HES Energy Systems, GKN Aerospace,Urban Aeronautics Ltd., Alisport Srl, BAE systems, URBAN AERONAUTICS LTD, Airspace Experience Technologies, Inc., ZEROAVIA INC, and Other players.
KEY MARKET SEGMENTATION:
by Power Source
Hydrogen Combustion
Hydrogen Fuel Cell
by Passenger Capacity
Less than 100
101 to 200
More Than 200
by Range
Short Haul
Medium Haul
Long Haul
by Application
Passenger Aircraft
Cargo Aircraft
by Power Source
Fully Hydrogen Powered Aircraft
Hybrid Electric Aircraft
Hydrogen Fuel Cell Aircraft
Liquid Hydrogen Aircraft
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REGIONAL ANALYSIS:
The market for hydrogen aircraft has been researched in North America, Europe, Asia Pacific, and the rest of the world. North America is expected to have the highest share of the worldwide market. During the forecast period, the Asia Pacific and Rest of the World areas are expected to increase slowly. Canada and The United States are major countries in this region. During the forecast period, the United States is expected to lead the North American hydrogen aircraft market. Various studies and advancements are being conducted by government and business institutes to investigate and commercialize hydrogen aviation systems.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 5.15 Billion |
| Market Size by 2030 | US$ 6.58 Billion |
| CAGR | CAGR of 3.1% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Range (Short Haul, Medium Haul , Long Haul) • By Power Source (Hydrogen Combustion and Hydrogen Fuel Cell) • By Passenger Capacity (Less than 100, 101 to 200 and More Than 200) • By Power Source (Fully Hydrogen Powered Aircraft, Hybrid Electric Aircraft, Hydrogen Fuel Cell Aircraft and Liquid Hydrogen Aircraft) • By Application (Passenger Aircraft and Cargo Aircraft) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | ZeroAvia Inc, Airbus SE, HES Energy Systems, GKN Aerospace,Urban Aeronautics Ltd., Alisport Srl, BAE systems, URBAN AERONAUTICS LTD, Airspace Experience Technologies, Inc., ZEROAVIA INC, and Other players. |
| DRIVERS | • The aviation sector is focusing on decarbonization. • Less carbon emission |
| RESTRAINTS | • High cost |
A hydrogen aircraft is an aeroplane that is powered by hydrogen (liquid or gas). A hydrogen aeroplane can use hydrogen energy in two ways. It can be used in a jet engine or other types of internal combustion engines, or it can be used to power a fuel cell, which generates electricity to power an aircraft propeller.
The expected CAGR of the Hydrogen Aircraft Market is 3.1% during the forecast period 2023-2030.
The leading players in the Hydrogen Aircraft Market include ZeroAvia Inc, Airbus SE, HES Energy Systems, GKN Aerospace, Urban Aeronautics Ltd., Alisport Srl, BAE systems, URBAN AERONAUTICS LTD, Airspace Experience Technologies, Inc., and ZEROAVIA INC.
The market size for the Hydrogen Aircraft Market was valued at USD 5.15 billion in 2022.
North America region dominated the Hydrogen Aircraft Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Hydrogen Aircraft Market, by Power Source
8.1 Hydrogen Combustion
8.2 Hydrogen Fuel Cell
9. Global Hydrogen Aircraft Market, by Passenger Capacity
9.1 Less than 100
9.2 101 to 200
9.3 More Than 200
10. Global Hydrogen Aircraft Market, by Range
10.1 Short Haul
10.2 Medium Haul
10.3 Long Haul
11. Global Hydrogen Aircraft Market, by Application
11.1 Passenger Aircraft
11.2 Cargo Aircraft
12. Global Hydrogen Aircraft Market, by Power Source
12.1 Fully Hydrogen-Powered Aircraft
12.2 Hybrid Electric Aircraft
12.3 Hydrogen Fuel Cell Aircraft
12.4 Liquid Hydrogen Aircraft
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 France
13.3.4 Italy
13.3.5 Spain
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4 Asia-Pacific
13.4.1 Japan
13.4.2 South Korea
13.4.3 China
13.4.4 India
13.4.5 Australia
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.1 Israel
13.5.2 UAE
13.5.3 South Africa
13.5.4 Rest
13.6 Latin America
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of Latin America
14 Company Profiles
14.1 ZeroAvia Inc
14.1.1 Financial
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 Airbus SE
14.3 HES Energy Systems
14.4 GKN Aerospace
14.5 Urban Aeronautics Ltd.
14.6 Alisport Srl
14.7 BAE systems
14.8 URBAN AERONAUTICS LTD
14.9 Airspace Experience Technologies, Inc.
14.10 ZEROAVIA, INC.
15 Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share analysis
15.3 Recent Developments
16. Conclusion
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