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Hydrogen Aircraft Market

Hydrogen Aircraft Market Forecasts to 2028 – Global Analysis By Product Type (< 100, 100-200, > 200), Technology (Hybrid Electric Aircraft, Fully Hydrogen-Powered Aircraft), End User (Airlines, Military) and By Geography

4.1 (26 reviews)
Published: July 2021 ID: SMRC20782
4.1 (26 reviews)
Published: July 2021 ID: SMRC20782

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Hydrogen Aircraft Market is accounted for $4.39 billion in 2020 and is expected to reach $16.75 billion by 2028 growing at a CAGR of 18.2% during the forecast period.  The advantages of hydrogen aircraft over conventional aircraft and increasing air passenger traffic across the globe are driving the market growth. However, a high cost associated with the production of hydrogen is hampering the growth of the market.

A hydrogen aircraft is an airplane that creates uses hydrogen (liquid or gas) as a power source. Hydrogen’s energy can be connected in two ways for a hydrogen aircraft. It can both be burned in a jet engine or other sorts of internal combustion engines, or it can be used to power a fuel cell to produce electricity to power the propeller of the aircraft. Research into hydrogen as an impending fuel to power zero-emission aircraft has been on growth in recent years. The aviation sector is working to advance the technologies to tackle the challenges related to hydrogen storage, public insights for safety, and cost.

Based on the power source, the hydrogen fuel cell segment is going to have lucrative growth during the forecast period. The growth of the hydrogen fuel cell segment of the hydrogen aircraft market can be accredited owing to its easiness and also because of the probability of having a backup system of batteries. As hydrogen fuel cells are extensively commercialized and can be simply sourced.

By geography, North America is going to have high growth during the forecast period. Major developments and start-ups in unmanned hydrogen aircraft like UAVs and surveillance drones have allowed North America to stay at the top of the share. Additionally, the developments are predictable in the fields of passenger and commercial hydrogen aircraft will drive the growth of the hydrogen aircraft market and North America is anticipated to hold its top position throughout the forecast period.

Some of the key players profiled in the Hydrogen Aircraft Market include Aerodelft, Aerovironment Inc, Airbus Se, Apus Group, Flyka, Gkn Aerospace (Under Melrose Industries plc, Hes Energy Systems, Honeywell International Inc, Hypoint Inc, Intelligent Energy Holdings, Pipistrel D.O.O, Plug Power Inc, Skai (Under Alaka'I Technologies), Urban Aeronautics Ltd and Zeroavia Inc.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 4.39 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

18.2%

Predicted 2028 Value:

USD 16.75 billion

Forecast Years:

2021-2028

Tables, Graphs& Figures

228

Chapters Covered:

Product Type, Range Covered, Platform Covered, Passenger Capacity, Power Source, Technology, Service, End Userand Region

Core Drivers and Oppunities:

  • Advantages of hydrogen aircraft over conventional aircraft
  • Increasing air passenger traffic across the globe
  • Advancement of fuel cell technologies

Restraining Factors & Market Threats:

  • High cost associated with the production of hydrogen


Product Types Covered:
• Less than 100
• 100-200
• More than 200

Ranges Covered:
• Short Haul (<1,000 Km)
• Medium Haul (1,000-2,000 Km)
• Long Haul (2,000+ Km)   

Platforms Covered:
• Air Taxis
• Business Jets
• Unmanned Aerial Vehicles
• Wide Body Airlines
• Narrow Body Airlines
• Regional
• Short haul
• Feederliner Aircraft 

Passenger Capacity’s Covered:
• Up to 4 Passengers
• 5 to 10 Passengers
• More than 10 Passengers

Power Sources Covered:
• Hydrogen Fuel Cell
• Hydrogen Combustion

Technologies Covered:
• Hybrid Electric Aircraft
• Fully Hydrogen-Powered Aircraft

Services Covered:
• Cargo Aircraft
• Passenger Aircraft

End Users Covered:
• E- Commerce
• Airlines
• Military
• Government Organization

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Hydrogen Aircraft Market is majorly driven by the advantages of hydrogen aircraft over conventional aircraft and increasing air passenger traffic across the globe.

The hydrogen fuel cell segment is growing at a highest CAGR owing to its easiness and also because of the probability of having a backup system of batteries.

Europe dominated with a significant market share due to factors such as UK government has provided some funding for the H2GEAR programme which aims to build hydrogen aircraft and is led by leading companies such as GKN Aerospace which will have appositive impact on the region.

North America market is growing at a highest CAGR owing to the major developments and start-ups in unmanned hydrogen aircraft like UAVs and surveillance drones in the region.

Key players in Hydrogen Aircraft Market include Aerodelft, AerovironmentInc, Airbus Se, Apus Group, Flyka, Gkn Aerospace (Under Melrose Industries plc, Hes Energy Systems, Honeywell International Inc, HypointInc, Intelligent Energy Holdings, Pipistrel D.O.O, Plug Power Inc, Skai (Under Alaka'I Technologies), Urban Aeronautics Ltd and Zeroavia Inc.

1 Executive Summary      
       
2 Preface    
  
 2.1 Abstract     
 2.2 Stake Holders     
 2.3 Research Scope     
 2.4 Research Methodology     
  2.4.1 Data Mining    
  2.4.2 Data Analysis    
  2.4.3 Data Validation    
  2.4.4 Research Approach    
 2.5 Research Sources     
  2.5.1 Primary Research Sources    
  2.5.2 Secondary Research Sources    
  2.5.3 Assumptions    
       
3 Market Trend Analysis      
 3.1 Introduction     
 3.2 Drivers     
 3.3 Restraints     
 3.4 Opportunities     
 3.5 Threats     
 3.6 Product Analysis     
 3.7 Technology Analysis     
 3.8 End User Analysis      
 3.9 Emerging Markets     
 3.10 Impact of Covid-19     
       
4 Porters Five Force Analysis      
 4.1 Bargaining Power Of Suppliers     
 4.2 Bargaining Power Of Buyers     
 4.3 Threat Of Substitutes     
 4.4 Threat Of New Entrants     
 4.5 Competitive Rivalry     
       
5 Global Hydrogen Aircraft Market, By Product       
 5.1 Introduction     
 5.2 Less than 100     
 5.3 100-200     
 5.4 More than 200     
       
6 Global Hydrogen Aircraft Market, By Range      
 6.1 Introduction     
 6.2 Short Haul (<1,000 Km)     
 6.3 Medium Haul (1,000-2,000 Km)     
 6.4 Long Haul (2,000+ Km)     
       
7 Global Hydrogen Aircraft Market, By Platform      
 7.1 Introduction     
 7.2 Air Taxis     
 7.3 Business Jets     
 7.4 Unmanned Aerial Vehicles     
 7.5 Wide Body Airlines      
 7.6 Narrow Body Airlines     
 7.7 Regional      
 7.8 Short haul     
 7.9 Feederliner Aircraft     
       
8 Global Hydrogen Aircraft Market, By Passenger Capacity      
 8.1 Introduction     
 8.2 Up to 4 Passengers     
 8.3 5 to 10 Passengers     
 8.4 More than 10 Passengers     
       
9 Global Hydrogen Aircraft Market, By Power Source      
 9.1 Introduction     
 9.2 Hydrogen Fuel Cell     
 9.3 Hydrogen Combustion     
       
10 Global Hydrogen Aircraft Market, By Technology       
 10.1 Introduction     
 10.2 Hybrid Electric Aircraft     
 10.3 Fully Hydrogen-Powered Aircraft     
  10.3.1 Liquid Hydrogen Aircraft    
  10.3.2 Hydrogen Fuel Cell Aircraft    
       
11 Global Hydrogen Aircraft Market, By Services       
 11.1 Introduction     
 11.2 Cargo Aircraft     
 11.3 Passenger Aircraft     
       
12 Global Hydrogen Aircraft Market, By End User      
 12.1 Introduction     
 12.2 E- Commerce     
 12.3 Airlines     
 12.4 Military     
 12.5 Government Organization     
       
13 Global Hydrogen Aircraft Market, By Geography      
 13.1 Introduction     
 13.2 North America     
  13.2.1 US    
  13.2.2 Canada    
  13.2.3 Mexico    
 13.3 Europe     
  13.3.1 Germany    
  13.3.2 UK    
  13.3.3 Italy    
  13.3.4 France    
  13.3.5 Spain    
  13.3.6 Rest of Europe    
 13.4 Asia Pacific     
  13.4.1 Japan    
  13.4.2 China    
  13.4.3 India    
  13.4.4 Australia    
  13.4.5 New Zealand    
  13.4.6 South Korea    
  13.4.7 Rest of Asia Pacific    
 13.5 South America     
  13.5.1 Argentina    
  13.5.2 Brazil    
  13.5.3 Chile    
  13.5.4 Rest of South America    
 13.6 Middle East & Africa     
  13.6.1 Saudi Arabia    
  13.6.2 UAE    
  13.6.3 Qatar    
  13.6.4 South Africa    
  13.6.5 Rest of Middle East & Africa    
       
14 Key Developments      
 14.1 Agreements, Partnerships, Collaborations and Joint Ventures     
 14.2 Acquisitions & Mergers     
 14.3 New Product Launch     
 14.4 Expansions     
 14.5 Other Key Strategies     
       
15 Company Profiling      
 15.1 Aerodelft     
 15.2 Aerovironment Inc.     
 15.3 Airbus Se     
 15.4 Apus Group     
 15.5 Flyka     
 15.6 Gkn Aerospace (Under Melrose Industries plc.)     
 15.7 Hes Energy Systems     
 15.8 Honeywell International Inc.     
 15.9 Hypoint Inc.     
 15.10 Intelligent Energy Holdings     
 15.11 Pipistrel D.O.O     
 15.12 Plug Power Inc.     
 15.13 Skai (Under Alaka'I Technologies)     
 15.14 Urban Aeronautics Ltd.     
 15.15 Zeroavia Inc     


List of Tables       
1 Global Hydrogen Aircraft Market Outlook, By Region (2019-2028) (US $MN)       
2 Global Hydrogen Aircraft Market Outlook, By Product  (2019-2028) (US $MN)      
3 Global Hydrogen Aircraft Market Outlook, By Less than 100 (2019-2028) (US $MN)      
4 Global Hydrogen Aircraft Market Outlook, By 100-200 (2019-2028) (US $MN)      
5 Global Hydrogen Aircraft Market Outlook, By More than 200 (2019-2028) (US $MN)      
6 Global Hydrogen Aircraft Market Outlook, By Range (2019-2028) (US $MN)      
7 Global Hydrogen Aircraft Market Outlook, By Short Haul (<1,000 Km) (2019-2028) (US $MN)      
8 Global Hydrogen Aircraft Market Outlook, By Medium Haul (1,000-2,000 Km) (2019-2028) (US $MN)      
9 Global Hydrogen Aircraft Market Outlook, By Long Haul (2,000+ Km) (2019-2028) (US $MN)      
10 Global Hydrogen Aircraft Market Outlook, By Platform (2019-2028) (US $MN)      
11 Global Hydrogen Aircraft Market Outlook, By Air Taxis (2019-2028) (US $MN)      
12 Global Hydrogen Aircraft Market Outlook, By Business Jets (2019-2028) (US $MN)      
13 Global Hydrogen Aircraft Market Outlook, By Unmanned Aerial Vehicles (2019-2028) (US $MN)      
14 Global Hydrogen Aircraft Market Outlook, By Wide Body Airlines (2019-2028) (US $MN)      
15 Global Hydrogen Aircraft Market Outlook, By Narrow Body Airlines (2019-2028) (US $MN)      
16 Global Hydrogen Aircraft Market Outlook, By Regional  (2019-2028) (US $MN)      
17 Global Hydrogen Aircraft Market Outlook, By Short haul (2019-2028) (US $MN)      
18 Global Hydrogen Aircraft Market Outlook, By Feederliner Aircraft (2019-2028) (US $MN)      
19 Global Hydrogen Aircraft Market Outlook, By Passenger Capacity (2019-2028) (US $MN)      
20 Global Hydrogen Aircraft Market Outlook, By Up to 4 Passengers (2019-2028) (US $MN)      
21 Global Hydrogen Aircraft Market Outlook, By 5 to 10 Passengers (2019-2028) (US $MN)      
22 Global Hydrogen Aircraft Market Outlook, By More than 10 Passengers (2019-2028) (US $MN)      
23 Global Hydrogen Aircraft Market Outlook, By Power Source (2019-2028) (US $MN)      
24 Global Hydrogen Aircraft Market Outlook, By Hydrogen Fuel Cell (2019-2028) (US $MN)      
25 Global Hydrogen Aircraft Market Outlook, By Hydrogen Combustion (2019-2028) (US $MN)      
26 Global Hydrogen Aircraft Market Outlook, By Technology (2019-2028) (US $MN)      
27 Global Hydrogen Aircraft Market Outlook, By Hybrid Electric Aircraft (2019-2028) (US $MN)      
28 Global Hydrogen Aircraft Market Outlook, By Fully Hydrogen-Powered Aircraft (2019-2028) (US $MN)      
29 Global Hydrogen Aircraft Market Outlook, By Liquid Hydrogen Aircraft (2019-2028) (US $MN)      
30 Global Hydrogen Aircraft Market Outlook, By Hydrogen Fuel Cell Aircraft (2019-2028) (US $MN)      
31 Global Hydrogen Aircraft Market Outlook, By Services (2019-2028) (US $MN)      
32 Global Hydrogen Aircraft Market Outlook, By Cargo Aircraft (2019-2028) (US $MN)      
33 Global Hydrogen Aircraft Market Outlook, By Passenger Aircraft (2019-2028) (US $MN)      
34 Global Hydrogen Aircraft Market Outlook, By End User (2019-2028) (US $MN)      
35 Global Hydrogen Aircraft Market Outlook, By E- Commerce (2019-2028) (US $MN)      
36 Global Hydrogen Aircraft Market Outlook, By Airlines (2019-2028) (US $MN)      
37 Global Hydrogen Aircraft Market Outlook, By Military (2019-2028) (US $MN)      
38 Global Hydrogen Aircraft Market Outlook, By Government Organization (2019-2028) (US $MN)      
       
Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in the same manner above.       

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