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
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.
Estimated Market Size in 2020:
USD 4.39 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 16.75 billion
Tables, Graphs& Figures
Product Type, Range Covered, Platform Covered, Passenger Capacity, Power Source, Technology, Service, End Userand Region
Core Drivers and Oppunities:
Restraining Factors & Market Threats:
Product Types Covered:
• Less than 100
• More than 200
• Short Haul (<1,000 Km)
• Medium Haul (1,000-2,000 Km)
• Long Haul (2,000+ Km)
• Air Taxis
• Business Jets
• Unmanned Aerial Vehicles
• Wide Body Airlines
• Narrow Body Airlines
• 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
• Hybrid Electric Aircraft
• Fully Hydrogen-Powered Aircraft
• Cargo Aircraft
• Passenger Aircraft
End Users Covered:
• E- Commerce
• Government Organization
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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.
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