SNS Insider Black Friday Offer
Hydrogen Aircraft Market

Hydrogen Aircraft Market 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), and Regions | Global Market Forecasts 2022-2028

Report Id: SNS/A&D/1771 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The Hydrogen Aircraft Market Size was valued at USD 5 billion in 2021 and US$ 5.15 billion in 2022, expected to reach USD 6.19 billion by 2028, and grow at a CAGR of 3.1% over the forecast period 2022-2028.

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.

Hydrogen Aircraft Market Revenue Graph

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

Hydrogen Aircraft Market Segment Chart

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

Hydrogen Aircraft Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 5 Billion
Market Size by 2028 US$ 6.19 Billion
CAGR CAGR of 3.1% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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


Frequently Asked Questions (FAQ) :


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

 

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

 

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.