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The global hydrogen aircraft market reached a value of US$ 4.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 13.15 Billion by 2027, exhibiting at a CAGR of 17.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Hydrogen aircraft refers to an aircraft that uses liquid or gaseous hydrogen as a power source. It is harnessed by burning hydrogen gas in jet or internal combustion (IC) engines or by powering fuel cells that generate electricity to power the propeller of the aircraft. These aircraft are widely used for commercial and cargo transportation applications for short, medium and long hauls. In comparison to the traditionally used aircraft that utilize kerosene, hydrogen aircraft are environment-friendly and cause zero emissions of carbon dioxide, nitric oxide and nitrogen oxide, sulfur oxides and soot. In addition, they are also characterized by exceptional gravimetric and volumetric energy density.
Significant growth in the aviation industry across the globe is one of the key factors driving the growth of the market. Moreover, the rising environmental consciousness among the masses is providing a thrust to the market growth. Hydrogen aircraft are being widely used as an effective alternative to jet-fuel aircraft as they offer various benefits, such as convenient availability of the fuel source, minimal pollution and weight and enhanced safety of the passengers and cargo. Government and private organizations are also increasingly acquiring hydrogen aircraft to meet the air transport requirements. Additionally, various technological advancements, such as the launch of hydrogen fuel cell-based unmanned aerial vehicles (UAVs), air taxis and business jets, are also contributing to the growth of the market. UAVs and drones are widely used for conducting surveillance operations and military activities with enhanced efficiency. Other factors, including the implementation of favorable government policies, along with the increasing air traffic, especially in the developing economies, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global hydrogen aircraft market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on passenger capacity, range, technology and application.
Breakup by Passenger Capacity:
Breakup by Range:
Breakup by Technology:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AeroVironment Inc., Air Liquide S.A., Airbus SE, Alaka’i Technologies, GKN Aerospace Services Limited, HES Energy Systems, Pipistrel d.o.o, Raytheon Technologies Corporation, Stichting AeroDelft, The Boeing Company, Urban Aeronautics Ltd and ZeroAvia Inc.
|Base Year of the Analysis||2021|
|Segment Coverage||Passenger Capacity, Range, Technology, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||AeroVironment Inc., Air Liquide S.A., Airbus SE, Alaka’i Technologies, GKN Aerospace Services Limited, HES Energy Systems, Pipistrel d.o.o, Raytheon Technologies Corporation, Stichting AeroDelft, The Boeing Company, Urban Aeronautics Ltd and ZeroAvia Inc.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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