Zero-Emission Aircraft Market

Market Overview:

The global zero-emission aircraft market size reached US$ XX Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ XX Billion by 2027, exhibiting a growth rate (CAGR) of XX% 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.

Zero-emission aircraft are an alternative to propulsion system-based aircraft as they rely on electric, hydrogen, and solar technology for the primary power source, which emits no pollutants in flight and ground operations. They include various technologies and aerodynamic configurations that support the decarbonization of aerospace. Nowadays, zero-emission aircraft are emerging as a potential solution for aerospace and allied industries worldwide to minimize the negative environmental impact of aviation and meet their climate-neutral targets.

Zero-Emission Aircraft Market Trends:

The global growth of air traffic on account of the rising passenger and business travel is resulting in the increasing emission of carbon dioxide (CO2), water vapor, and nitrogen. As this emission adds to global warming, there is a rise in the demand for zero-emission aircraft to significantly reduce the ecological footprint and climate impact of commercial aircraft, helicopters, satellites, urban air mobility vehicles, and other air transport. In addition, governing agencies of numerous countries are renewing climate change policies that involve increasing the cost of non-biodegradable aviation fuel and mandating the usage of sustainable aviation fuels (SAF) to cut down emission levels. Apart from this, the expanding application of unmanned prototype aircraft to support emergency services in disaster relief and deliver urgently required goods, such as medicines, in connected areas is contributing to the market growth. Moreover, leading market players are developing hybrid-hydrogen aircraft powered by liquid hydrogen combustion with oxygen through modified gas turbine engines. They are also investing in substantial research and development (R&D) in the areas of sustainable fuels, energy sources, new aircraft concepts and components, and alternative propulsion concepts. This is anticipated to create a positive influence on the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global zero-emission aircraft market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, source, range and application.

Breakup by Type:

• Turboprop Rear Bulkhead
• Turbofan System
• Blended Wing Body
   

Breakup by Source:

• Hydrogen
• Electric
• Solar
   

Breakup by Range:

• Short-Haul
• Medium-Haul
• Long-Haul
   

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 AeroDelft, Airbus S.A.S., Bye Aerospace, Eviation Aircraft, HES Energy Systems, Joby Aviation, Lilium GmbH, PIPISTREL d.o.o., Wright Electric and ZeroAvia Inc.

Report Coverage:

Key Questions Answered in This Report:

• How has the global zero-emission 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 zero-emission aircraft market?
• What are the key regional markets?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the source?
• What is the breakup of the market based on the range?
• 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 zero-emission aircraft market and who are the key players?
• What is the degree of competition in the industry?