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Hydrogen Aircraft Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

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.

Hydrogen Aircraft Market Trends:

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.

Key Market Segmentation:

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:

  • Less than 100
  • 101 to 200
  • More than 200
     

Breakup by Range:

  • Short Haul
  • Medium Haul
  • Long Haul
     

Breakup by Technology:

  • Fully Hydrogen-Powered Aircraft
  • Hybrid Electric Aircraft
     

Breakup by Application:

  • Passenger Aircraft
  • Cargo Aircraft
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
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)

 

Key Questions Answered in This Report:

  • How has the global hydrogen aircraft market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global hydrogen aircraft market?
  • What are the key regional markets?
  • What is the breakup of the market based on the passenger capacity?
  • What is the breakup of the market based on the range?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global hydrogen aircraft market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Hydrogen Aircraft Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Passenger Capacity
    6.1    Less than 100
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    101 to 200
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    More than 200
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Range
    7.1    Short Haul
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Medium Haul 
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Long Haul
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Technology
    8.1    Fully Hydrogen-Powered Aircraft
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Hybrid Electric Aircraft
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Application
    9.1    Passenger Aircraft
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Cargo Aircraft
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    AeroVironment Inc.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
           15.3.1.4 SWOT Analysis
        15.3.2    Air Liquide S.A.
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
           15.3.2.4 SWOT Analysis
        15.3.3    Airbus SE
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 Financials
           15.3.3.4 SWOT Analysis
        15.3.4    Alaka’i Technologies
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
        15.3.5    GKN Aerospace Services Limited
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
        15.3.6    HES Energy Systems
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
        15.3.7    Pipistrel d.o.o
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
        15.3.8    Raytheon Technologies Corporation
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    Stichting AeroDelft
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
        15.3.10    The Boeing Company
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
           15.3.10.4 SWOT Analysis
        15.3.11    Urban Aeronautics Ltd
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
        15.3.12    ZeroAvia Inc.
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Hydrogen Aircraft Market: Major Drivers and Challenges
Figure 2: Global: Hydrogen Aircraft Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Hydrogen Aircraft Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Hydrogen Aircraft Market: Breakup by Passenger Capacity (in %), 2021
Figure 5: Global: Hydrogen Aircraft Market: Breakup by Range (in %), 2021
Figure 6: Global: Hydrogen Aircraft Market: Breakup by Technology (in %), 2021
Figure 7: Global: Hydrogen Aircraft Market: Breakup by Application (in %), 2021
Figure 8: Global: Hydrogen Aircraft Market: Breakup by Region (in %), 2021
Figure 9: Global: Hydrogen Aircraft (Less than 100) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Hydrogen Aircraft (Less than 100) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Hydrogen Aircraft (101 to 200) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Hydrogen Aircraft (101 to 200) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Hydrogen Aircraft (More than 200) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Hydrogen Aircraft (More than 200) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Hydrogen Aircraft (Short Haul) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Hydrogen Aircraft (Short Haul) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Hydrogen Aircraft (Medium Haul) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Hydrogen Aircraft (Medium Haul) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Hydrogen Aircraft (Long Haul) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Hydrogen Aircraft (Long Haul) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Hydrogen Aircraft (Fully Hydrogen-Powered Aircraft) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Hydrogen Aircraft (Fully Hydrogen-Powered Aircraft) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Hydrogen Aircraft (Hybrid Electric Aircraft) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Hydrogen Aircraft (Hybrid Electric Aircraft) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Hydrogen Aircraft (Passenger Aircraft) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Hydrogen Aircraft (Passenger Aircraft) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Hydrogen Aircraft (Cargo Aircraft) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Hydrogen Aircraft (Cargo Aircraft) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: North America: Hydrogen Aircraft Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: North America: Hydrogen Aircraft Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: United States: Hydrogen Aircraft Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: United States: Hydrogen Aircraft Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Canada: Hydrogen Aircraft Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Canada: Hydrogen Aircraft Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Asia-Pacific: Hydrogen Aircraft Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Asia-Pacific: Hydrogen Aircraft Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: China: Hydrogen Aircraft Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: China: Hydrogen Aircraft Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Japan: Hydrogen Aircraft Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Japan: Hydrogen Aircraft Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: India: Hydrogen Aircraft Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: India: Hydrogen Aircraft Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: South Korea: Hydrogen Aircraft Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: South Korea: Hydrogen Aircraft Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Australia: Hydrogen Aircraft Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Australia: Hydrogen Aircraft Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Indonesia: Hydrogen Aircraft Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Indonesia: Hydrogen Aircraft Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Others: Hydrogen Aircraft Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Others: Hydrogen Aircraft Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Europe: Hydrogen Aircraft Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Europe: Hydrogen Aircraft Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Germany: Hydrogen Aircraft Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Germany: Hydrogen Aircraft Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: France: Hydrogen Aircraft Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: France: Hydrogen Aircraft Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: United Kingdom: Hydrogen Aircraft Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: United Kingdom: Hydrogen Aircraft Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Italy: Hydrogen Aircraft Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Italy: Hydrogen Aircraft Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Spain: Hydrogen Aircraft Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Spain: Hydrogen Aircraft Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Russia: Hydrogen Aircraft Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Russia: Hydrogen Aircraft Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Others: Hydrogen Aircraft Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Others: Hydrogen Aircraft Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Latin America: Hydrogen Aircraft Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Latin America: Hydrogen Aircraft Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Brazil: Hydrogen Aircraft Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Brazil: Hydrogen Aircraft Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Mexico: Hydrogen Aircraft Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Mexico: Hydrogen Aircraft Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Others: Hydrogen Aircraft Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Others: Hydrogen Aircraft Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Middle East and Africa: Hydrogen Aircraft Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Middle East and Africa: Hydrogen Aircraft Market: Breakup by Country (in %), 2021
Figure 77: Middle East and Africa: Hydrogen Aircraft Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Global: Hydrogen Aircraft Industry: SWOT Analysis
Figure 79: Global: Hydrogen Aircraft Industry: Value Chain Analysis
Figure 80: Global: Hydrogen Aircraft Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Hydrogen Aircraft Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Hydrogen Aircraft Market Forecast: Breakup by Passenger Capacity (in Million US$), 2022-2027
Table 3: Global: Hydrogen Aircraft Market Forecast: Breakup by Range (in Million US$), 2022-2027
Table 4: Global: Hydrogen Aircraft Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 5: Global: Hydrogen Aircraft Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Hydrogen Aircraft Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Hydrogen Aircraft Market: Competitive Structure
Table 8: Global: Hydrogen Aircraft Market: Key Players

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