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
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.
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Report Coverage |
Details |
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Published Year: |
2021 |
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Estimated Market Size in 2020: |
USD 4.39 billion |
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Estimated Period: |
2020 |
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Compound Annual Growth Rate (CAGR) from 2020 to 2028: |
18.2% |
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Predicted 2028 Value: |
USD 16.75 billion |
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Forecast Years: |
2021-2028 |
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Tables, Graphs& Figures |
228 |
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Chapters Covered: |
Product Type, Range Covered, Platform Covered, Passenger Capacity, Power Source, Technology, Service, End Userand Region |
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Core Drivers and Oppunities: |
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Restraining Factors & Market Threats: |
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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.
Table of Contents
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.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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