The global hydrogen aircraft market size is expected to reach around US$ 1,720.2 million by 2030 from US$ 189.14 million in 2021 and is expected to grow at an impressive double-digit rate of 27.8% from 2022 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global hydrogen aircraft market for the period 2017-2030, wherein 2022 to 2030 is the forecast period and 2021 is considered as the base year.
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Report Highlights
- On the basis of passenger capacity, the less than 100 segment led the market in 2021. The huge spaces required by the hydrogen fuel tanks has resulted in the development of less than 100 passenger capacity aircrafts across the globe, and hence resulted in its dominance.
- Based on the range, the short haul dominated the market in 2021. This is attributed to the presence of huge number of short haul aircrafts that can effectively and safely cover a short range owing to the space limitations.
- Based on the technology, the fully hydrogen powered aircraft is expected to witness the highest CAGR. The rising government and corporate investments in the development hydrogen fuel infrastructure and efficient hydrogen aircrafts are the major factors that are expected to boost the growth of this segment.
Market Dynamics
Driver
Rising focus on de-carbonization
The global aviation industry has significant contributions towards the carbon emissions. The huge need for air travel facilities among the global population, the air traffic is significantly high, which results in huge volume of carbon emission. The deteriorating environmental condition owing to the carbon emission from transport vehicles is shifting the focus towards the de-carbonization. Therefore, the demand for the hydrogen aircraft is expected to grow at a significant pace during the forecast period.
Restraint
High costs of hydrogen production
The traditional fuel emits huge volume of harmful gases. The best eco-friendly alternative is to produce hydrogen from water. The production of hydrogen fuel is a costly affair and hence the high costs of hydrogen production may hamper the growth of the hydrogen aircraft market during the forecast period.
Opportunity
Increasing government focus on hydrogen aircrafts
The increasing government initiatives in the past few decades to preserve environment and to encourage the adoption of clean and green energy is significantly offering growth impetus to the hydrogen aircraft market. The government, in the form of incentives and subsidies is offering huge advantages to the hydrogen aircraft manufacturers across the globe.
Challenge
Challenges associated with retrofitting
The manufacturers are involved in redesigning of the existing aircrafts to convert it into hydrogen aircrafts, which is a complex task. Hydrogen requires huge fuel tank that is creating space issues for the manufacturers. Furthermore, the liquid hydrogen fuel needs to be stored at a very low temperature which requires expensive cryogenic tanks. These complexities are the major challenges for the manufacturers of the hydrogen aircraft market.
Recent Developments
- In March 2021, AeroDelftlaunched its latest Phoenix PT aircraftprototype, which will be powered by liquid hydrogen fuel and it can cover a distance of 500 Km.
Research Methodology
A unique research methodology has been utilized to conduct comprehensive research on the growth of the global hydrogen aircraft market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the draw conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global hydrogen aircraft market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.
Why should you invest in this report?
If you are aiming to enter the global hydrogen aircraft market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for hydrogen aircraft are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global hydrogen aircraft market include:
- Aerodelft
- Aerovironment Inc.
- Airbus Se
- Apus Group
- Doosan Mobility Innovation
- Flyka
- Gkn Aerospace
- Hes Energy Systems
- Honeywell International Inc.
- Hypoint Inc.
- Intelligent Energy Holdings
- Pipistrel D.O.O
- Plug Power Inc.
- Shanghai Pearl Hydrogen Energy Technology Co. Ltd.
- Urban Aeronautics Ltd.
- Zeroavia Inc.
Market Segmentation:
By Passenger Capacity
- Less than 100
- 101 to 200
- Above 200
By Range
- Short Haul
- Medium Haul
- Long Haul
By Technology
- Fully Hydrogen-Powered
- Hybrid Electric Powered
- Hydrogen Fuel Cell Aircraft
- Liquid Hydrogen Aircraft
By Application
- Passenger Aircraft
- Cargo Aircraft
By Distance Range
- Up to 20 km
- 20 km to 100 km
- More than 100 km
By Platform
- Unmanned Aerial Vehicles
- Air Taxis
- Business Jets
Regional Analysis:
The geographical analysis of the global hydrogen aircraft market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global hydrogen aircraft Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global hydrogen aircraft market in 2030?
- What is the expected CAGR for the hydrogen aircraft market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global hydrogen aircraft market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Platform Procurement Analysis
4.3.2. Sales and Distance Range Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Hydrogen Aircraft Market
5.1. COVID-19 Landscape: Hydrogen Aircraft Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Hydrogen Aircraft Market, By Passenger Capacity
8.1. Hydrogen Aircraft Market, by Passenger Capacity Type, 2022-2030
8.1.1. Less than 100
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. 101 to 200
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Above 200
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Hydrogen Aircraft Market, By Range
9.1. Hydrogen Aircraft Market, by Range Type, 2022-2030
9.1.1. Short Haul
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Medium Haul
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Long Haul
9.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Hydrogen Aircraft Market, By Technology Type
10.1. Hydrogen Aircraft Market, by Technology Type, 2022-2030
10.1.1. Fully Hydrogen-Powered
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Hybrid Electric Powered
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Hydrogen Fuel Cell Aircraft
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Liquid Hydrogen Aircraft
10.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Hydrogen Aircraft Market, By Application
11.1. Hydrogen Aircraft Market, by Application Type, 2022-2030
11.1.1. Passenger Aircraft
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Cargo Aircraft
11.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Hydrogen Aircraft Market, By Distance Range
12.1. Hydrogen Aircraft Market, by Distance Range, 2022-2030
12.1.1. Up to 20 km
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. 20 km to 100 km
12.1.2.1. Market Revenue and Forecast (2017-2030)
12.1.3. More than 100 km
12.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Hydrogen Aircraft Market, By Platform
13.1. Hydrogen Aircraft Market, by Range Type, 2022-2030
13.1.1. Unmanned Aerial Vehicles
13.1.1.1. Market Revenue and Forecast (2017-2030)
13.1.2. Air Taxis
13.1.2.1. Market Revenue and Forecast (2017-2030)
13.1.3. Business Jets
13.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 14. Global Hydrogen Aircraft Market, Regional Estimates and Trend Forecast
14.1. North America
14.1.1. Market Revenue and Forecast, by Passenger Capacity (2017-2030)
14.1.2. Market Revenue and Forecast, by Range (2017-2030)
14.1.3. Market Revenue and Forecast, by Technology (2017-2030)
14.1.4. Market Revenue and Forecast, by Application (2017-2030)
14.1.5. Market Revenue and Forecast, by Distance Range (2017-2030)
14.1.6. Market Revenue and Forecast, by Platform (2017-2030)
14.1.7. U.S.
14.1.7.1. Market Revenue and Forecast, by Passenger Capacity (2017-2030)
14.1.7.2. Market Revenue and Forecast, by Range (2017-2030)
14.1.7.3. Market Revenue and Forecast, by Technology (2017-2030)
14.1.7.4. Market Revenue and Forecast, by Application (2017-2030)
14.1.8. Market Revenue and Forecast, by Distance Range (2017-2030)
14.1.8.1. Market Revenue and Forecast, by Platform (2017-2030)
14.1.9. Rest of North America
14.1.9.1. Market Revenue and Forecast, by Passenger Capacity (2017-2030)
14.1.9.2. Market Revenue and Forecast, by Range (2017-2030)
14.1.9.3. Market Revenue and Forecast, by Technology (2017-2030)
14.1.9.4. Market Revenue and Forecast, by Application (2017-2030)
14.1.10. Market Revenue and Forecast, by Distance Range (2017-2030)
14.1.11. Market Revenue and Forecast, by Platform (2017-2030)
14.1.11.1.
14.2. Europe
14.2.1. Market Revenue and Forecast, by Passenger Capacity (2017-2030)
14.2.2. Market Revenue and Forecast, by Range (2017-2030)
14.2.3. Market Revenue and Forecast, by Technology (2017-2030)
14.2.4. Market Revenue and Forecast, by Application (2017-2030)
14.2.5. Market Revenue and Forecast, by Distance Range (2017-2030)
14.2.6. Market Revenue and Forecast, by Platform (2017-2030)
14.2.7.
14.2.8. UK
14.2.8.1. Market Revenue and Forecast, by Passenger Capacity (2017-2030)
14.2.8.2. Market Revenue and Forecast, by Range (2017-2030)
14.2.8.3. Market Revenue and Forecast, by Technology (2017-2030)
14.2.9. Market Revenue and Forecast, by Application (2017-2030)
14.2.10. Market Revenue and Forecast, by Distance Range (2017-2030)
14.2.10.1. Market Revenue and Forecast, by Platform (2017-2030)
14.2.11. Germany
14.2.11.1. Market Revenue and Forecast, by Passenger Capacity (2017-2030)
14.2.11.2. Market Revenue and Forecast, by Range (2017-2030)
14.2.11.3. Market Revenue and Forecast, by Technology (2017-2030)
14.2.12. Market Revenue and Forecast, by Application (2017-2030)
14.2.13. Market Revenue and Forecast, by Distance Range (2017-2030)
14.2.14. Market Revenue and Forecast, by Platform (2017-2030)
14.2.14.1.
14.2.15. France
14.2.15.1. Market Revenue and Forecast, by Passenger Capacity (2017-2030)
14.2.15.2. Market Revenue and Forecast, by Range (2017-2030)
14.2.15.3. Market Revenue and Forecast, by Technology (2017-2030)
14.2.15.4. Market Revenue and Forecast, by Application (2017-2030)
14.2.16. Market Revenue and Forecast, by Distance Range (2017-2030)
14.2.16.1. Market Revenue and Forecast, by Platform (2017-2030)
14.2.17. Rest of Europe
14.2.17.1. Market Revenue and Forecast, by Passenger Capacity (2017-2030)
14.2.17.2. Market Revenue and Forecast, by Range (2017-2030)
14.2.17.3. Market Revenue and Forecast, by Technology (2017-2030)
14.2.17.4. Market Revenue and Forecast, by Application (2017-2030)
14.2.18. Market Revenue and Forecast, by Distance Range (2017-2030)
14.2.18.1. Market Revenue and Forecast, by Platform (2017-2030)
14.3. APAC
14.3.1. Market Revenue and Forecast, by Passenger Capacity (2017-2030)
14.3.2. Market Revenue and Forecast, by Range (2017-2030)
14.3.3. Market Revenue and Forecast, by Technology (2017-2030)
14.3.4. Market Revenue and Forecast, by Application (2017-2030)
14.3.5. Market Revenue and Forecast, by Distance Range (2017-2030)
14.3.6. Market Revenue and Forecast, by Platform (2017-2030)
14.3.7. India
14.3.7.1. Market Revenue and Forecast, by Passenger Capacity (2017-2030)
14.3.7.2. Market Revenue and Forecast, by Range (2017-2030)
14.3.7.3. Market Revenue and Forecast, by Technology (2017-2030)
14.3.7.4. Market Revenue and Forecast, by Application (2017-2030)
14.3.8. Market Revenue and Forecast, by Distance Range (2017-2030)
14.3.9. Market Revenue and Forecast, by Platform (2017-2030)
14.3.10. China
14.3.10.1. Market Revenue and Forecast, by Passenger Capacity (2017-2030)
14.3.10.2. Market Revenue and Forecast, by Range (2017-2030)
14.3.10.3. Market Revenue and Forecast, by Technology (2017-2030)
14.3.10.4. Market Revenue and Forecast, by Application (2017-2030)
14.3.11. Market Revenue and Forecast, by Distance Range (2017-2030)
14.3.11.1. Market Revenue and Forecast, by Platform (2017-2030)
14.3.12. Japan
14.3.12.1. Market Revenue and Forecast, by Passenger Capacity (2017-2030)
14.3.12.2. Market Revenue and Forecast, by Range (2017-2030)
14.3.12.3. Market Revenue and Forecast, by Technology (2017-2030)
14.3.12.4. Market Revenue and Forecast, by Application (2017-2030)
14.3.12.5. Market Revenue and Forecast, by Distance Range (2017-2030)
14.3.12.6. Market Revenue and Forecast, by Platform (2017-2030)
14.3.13. Rest of APAC
14.3.13.1. Market Revenue and Forecast, by Passenger Capacity (2017-2030)
14.3.13.2. Market Revenue and Forecast, by Range (2017-2030)
14.3.13.3. Market Revenue and Forecast, by Technology (2017-2030)
14.3.13.4. Market Revenue and Forecast, by Application (2017-2030)
14.3.13.5. Market Revenue and Forecast, by Distance Range (2017-2030)
14.3.13.6. Market Revenue and Forecast, by Platform (2017-2030)
14.4. MEA
14.4.1. Market Revenue and Forecast, by Passenger Capacity (2017-2030)
14.4.2. Market Revenue and Forecast, by Range (2017-2030)
14.4.3. Market Revenue and Forecast, by Technology (2017-2030)
14.4.4. Market Revenue and Forecast, by Application (2017-2030)
14.4.5. Market Revenue and Forecast, by Distance Range (2017-2030)
14.4.6. Market Revenue and Forecast, by Platform (2017-2030)
14.4.7. GCC
14.4.7.1. Market Revenue and Forecast, by Passenger Capacity (2017-2030)
14.4.7.2. Market Revenue and Forecast, by Range (2017-2030)
14.4.7.3. Market Revenue and Forecast, by Technology (2017-2030)
14.4.7.4. Market Revenue and Forecast, by Application (2017-2030)
14.4.8. Market Revenue and Forecast, by Distance Range (2017-2030)
14.4.9. Market Revenue and Forecast, by Platform (2017-2030)
14.4.10. North Africa
14.4.10.1. Market Revenue and Forecast, by Passenger Capacity (2017-2030)
14.4.10.2. Market Revenue and Forecast, by Range (2017-2030)
14.4.10.3. Market Revenue and Forecast, by Technology (2017-2030)
14.4.10.4. Market Revenue and Forecast, by Application (2017-2030)
14.4.11. Market Revenue and Forecast, by Distance Range (2017-2030)
14.4.12. Market Revenue and Forecast, by Platform (2017-2030)
14.4.13. South Africa
14.4.13.1. Market Revenue and Forecast, by Passenger Capacity (2017-2030)
14.4.13.2. Market Revenue and Forecast, by Range (2017-2030)
14.4.13.3. Market Revenue and Forecast, by Technology (2017-2030)
14.4.13.4. Market Revenue and Forecast, by Application (2017-2030)
14.4.13.5. Market Revenue and Forecast, by Distance Range (2017-2030)
14.4.13.6. Market Revenue and Forecast, by Platform (2017-2030)
14.4.14. Rest of MEA
14.4.14.1. Market Revenue and Forecast, by Passenger Capacity (2017-2030)
14.4.14.2. Market Revenue and Forecast, by Range (2017-2030)
14.4.14.3. Market Revenue and Forecast, by Technology (2017-2030)
14.4.14.4. Market Revenue and Forecast, by Application (2017-2030)
14.4.14.5. Market Revenue and Forecast, by Distance Range (2017-2030)
14.4.14.6. Market Revenue and Forecast, by Platform (2017-2030)
14.5. Latin America
14.5.1. Market Revenue and Forecast, by Passenger Capacity (2017-2030)
14.5.2. Market Revenue and Forecast, by Range (2017-2030)
14.5.3. Market Revenue and Forecast, by Technology (2017-2030)
14.5.4. Market Revenue and Forecast, by Application (2017-2030)
14.5.5. Market Revenue and Forecast, by Distance Range (2017-2030)
14.5.6. Market Revenue and Forecast, by Platform (2017-2030)
14.5.7. Brazil
14.5.7.1. Market Revenue and Forecast, by Passenger Capacity (2017-2030)
14.5.7.2. Market Revenue and Forecast, by Range (2017-2030)
14.5.7.3. Market Revenue and Forecast, by Technology (2017-2030)
14.5.7.4. Market Revenue and Forecast, by Application (2017-2030)
14.5.8. Market Revenue and Forecast, by Distance Range (2017-2030)
14.5.8.1. Market Revenue and Forecast, by Platform (2017-2030)
14.5.9. Rest of LATAM
14.5.9.1. Market Revenue and Forecast, by Passenger Capacity (2017-2030)
14.5.9.2. Market Revenue and Forecast, by Range (2017-2030)
14.5.9.3. Market Revenue and Forecast, by Technology (2017-2030)
14.5.9.4. Market Revenue and Forecast, by Application (2017-2030)
14.5.9.5. Market Revenue and Forecast, by Distance Range (2017-2030)
14.5.9.6. Market Revenue and Forecast, by Platform (2017-2030)
Chapter 15. Company Profiles
15.1. Aerodelft
15.1.1. Company Overview
15.1.2. Product Offerings
15.1.3. Financial Performance
15.1.4. Recent Initiatives
15.2. Aerovironment Inc.
15.2.1. Company Overview
15.2.2. Product Offerings
15.2.3. Financial Performance
15.2.4. Recent Initiatives
15.3. Airbus Se
15.3.1. Company Overview
15.3.2. Product Offerings
15.3.3. Financial Performance
15.3.4. Recent Initiatives
15.4. Apus Group
15.4.1. Company Overview
15.4.2. Product Offerings
15.4.3. Financial Performance
15.4.4. Recent Initiatives
15.5. Doosan Mobility Innovation
15.5.1. Company Overview
15.5.2. Product Offerings
15.5.3. Financial Performance
15.5.4. Recent Initiatives
15.6. Flyka
15.6.1. Company Overview
15.6.2. Product Offerings
15.6.3. Financial Performance
15.6.4. Recent Initiatives
15.7. Gkn Aerospace
15.7.1. Company Overview
15.7.2. Product Offerings
15.7.3. Financial Performance
15.7.4. Recent Initiatives
15.8. Hes Energy Systems
15.8.1. Company Overview
15.8.2. Product Offerings
15.8.3. Financial Performance
15.8.4. Recent Initiatives
15.9. Honeywell International Inc.
15.9.1. Company Overview
15.9.2. Product Offerings
15.9.3. Financial Performance
15.9.4. Recent Initiatives
15.10. Hypoint Inc.
15.10.1. Company Overview
15.10.2. Product Offerings
15.10.3. Financial Performance
15.10.4. Recent Initiatives
15.11. Intelligent Energy Holdings
15.11.1. Company Overview
15.11.2. Product Offerings
15.11.3. Financial Performance
15.11.4. Recent Initiatives
15.12. Pipistrel D.O.O
15.12.1. Company Overview
15.12.2. Product Offerings
15.12.3. Financial Performance
15.12.4. Recent Initiatives
15.13. Plug Power Inc.
15.13.1. Company Overview
15.13.2. Product Offerings
15.13.3. Financial Performance
15.13.4. Recent Initiatives
15.14. Shanghai Pearl Hydrogen Energy Technology Co. Ltd.
15.14.1. Company Overview
15.14.2. Product Offerings
15.14.3. Financial Performance
15.14.4. Recent Initiatives
15.15. Urban Aeronautics Ltd.
15.15.1. Company Overview
15.15.2. Product Offerings
15.15.3. Financial Performance
15.15.4. Recent Initiatives
Chapter 16. Research Methodology
16.1. Primary Research
16.2. Secondary Research
16.3. Assumptions
Chapter 17. Appendix
17.1. About Us
17.2. Glossary of Terms
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