The latest research report, titled ‘Global Hydrogen Aircraft Market’, can be considered a profound analysis of the global Hydrogen Aircraft Market that focuses on crucial data and information pertaining to the sales and revenue shares. The market evaluations over the forecast years are based on a comprehensive analysis of the leading market segments, such as product type outlook, application continuum, regional overview, and competitive landscape of the global Hydrogen Aircraft Market. The report offers a holistic coverage of the Hydrogen Aircraft Market, laying emphasis on the key factors influencing the industrial growth, technological developments taking place in the industry, and current and emerging trends witnessed in the leading regional markets.
The global hydrogen aircraft market size is expected to reach USD 143.0 Million in 2030 and register a steady revenue CAGR of 28.1% during the forecast period, according to latest analysis by Emergen Research. Focus of the aviation industry on decarbonization can be attributed with a steady market revenue growth of hydrogen aircraft. Many different companies have taken steps to develop aircraft to lower carbon emissions. For instance, H2Fly has developed a radically new, zero-emission solution, which is powered by clean hydrogen, that is converted to electric power in fuel cell´s powertrain and demonstrator aircraft HY4 proves that zero-emission aviation is within reach.
A recent trend in the market is established players developing hydrogen engines to reduce carbon emissions. For instance, Rolls Royce is developing hydrogen engines for various vehicles including aircrafts. Hydrogen has the potential to power larger aircrafts as a direct gas turbine engine fuel, which is being investigated with significant technical and operational challenges yet to be overcome.
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Some Key Highlights From the Report
- On 25 May 2022, Airbus announced the opening of a Zero Emission Development Centre (ZEDC) for hydrogen technologies in the UK, bolstering its presence in the country. Development of a cost-competitive cryogenic fuel system necessary for successful entry-into-service of Airbus\' ZEROe passenger aircraft by 2035, will be a top goal for UK ZEDC including acceleration of UK skills and know-how in hydrogen-propulsion technology. This has already been created in Germany and France.
- The hydrogen fuel cell segment is expected to register a rapid growth rate over the forecast period attributed to its simplicity and possibility of having a backup system of batteries. Hydrogen fuel cells not only have the advantage of being renewable and ready to use, but they are also a clean and flexible energy source that can be used to support zero-carbon energy policy. It is also more powerful and energy efficient than fossil fuels and is extremely effective when compared to other energy sources.
- The up to 4 passengers’ segment is expected to register a rapid revenue growth rate over the forecast period owing to development of various prototypes of hydrogen aircrafts. For instance, HES Energy Systems, a French-Singapore company specializing in hydrogen-based drone propulsion systems, has announced its intention to build the world\'s first hydrogen electric airliner for regional flights. According to HES Energy Systems, its Element One aircraft can carry up to four passengers over a distance of 500-5,000 kilometers, depending on whether hydrogen is stored in gaseous or liquid form.
Global Hydrogen Aircraft Market Report – Table of Contents:
Chapter 1 includes the global Hydrogen Aircraft market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
Chapter 2 broadly categorizes the Hydrogen Aircraft market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
Chapter 3 elaborates on the competitive outlook of the Hydrogen Aircraft market, focusing on the major manufacturers and vendor landscape.
Chapter 4 exhaustively studies the key manufacturers of the Hydrogen Aircraft industry, along with their anticipated sales and revenue shares.
Chapters 5 includes market segmentation based on product type, application range, and market players.
Leading companies profiled in the report:
Airbus, AeroVironment, Inc., AeroDelft, Kenshoo, Ltd (Skai), HES Energy Systems, Urban Aeronautics Ltd., ZeroAvia, Inc., GKN Aerospace, and Flyka
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Emergen Research has segmented the global hydrogen aircraft market on the basis of power source, passenger capacity, range, and region:
- Power Source Outlook (Revenue, USD Million; 2030-2040)
- Hydrogen Combustion
- Hydrogen Fuel Cell
- Passenger Capacity Outlook (Revenue, USD Million; 2030-2040)
- Up to 4 Passengers
- 5 to 10 Passengers
- More than 10 Passengers
- Range Outlook (Revenue, USD Million; 2030-2040)
- Up to 20 km
- 20 km to 100 km
- More than 100 km
Regional Overview:
The global Hydrogen Aircraft market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East Africa. It evaluates the presence of the global Hydrogen Aircraft market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
The report considers the following timeline for market estimation:
Historical Years: 2017-2018
Base Year: 2019
Estimated Year: 2027
Forecast Years: 2019-2030
Key Points of Hydrogen Aircraft Market:
- Extensive coverage of the analysis of the Hydrogen Aircraft market
- Key insights into the regional spread of the industry in key geographies
- Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
- Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Hydrogen Aircraft market
- Complete data about the key manufacturers and vendors in the Hydrogen Aircraft market
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