Hydrogen Aircraft Market by Power Source (Hydrogen Combustion, Hydrogen Fuel Cell), Platform (Unmanned Aerial Vehicles, Air Taxis, and Business Jets), Range, Passenger Capacity, Technology, and Region – Global Forecast to 2030

2021-04-28
Price :
Published : Apr-2021
No. of Pages : 183
Inquire before Buying request discount

“Focus of the aviation industry on decarbonization is one of the major drivers of the Hydrogen aircraft market.”

The hydrogen aircraft market is estimated to be USD 143 billion in 2020 and is projected to grow from USD 7,427 million by 2030, at a CAGR of 28.9% from 2025 to 2030. The aviation industry contributes significantly towards carbon emissions with approximately 2.5% of the global CO2 emissions. Since the massive reduction of air traffic due to COVID-19, industry stakeholders are making efforts in the decarbonization of the aviation industry. This is of concern for governments in the European Union (EU) particularly Germany, UK, and France. Governments of these nations have formulated their own National Hydrogen Strategies with a focus on the decarbonization of transportation and aviation.

Based on power source, hydrogen fuel cell segment is projected to lead hydrogen aircraft market during 2025 to 2030

Based on power source, the hydrogen aircraft market is segmented into hydrogen combustion based and hydrogen fuel cell based. The hydrogen fuel cell segment is expected to dominate the market as hydrogen fuel cells are widely commercialized and can be easily sourced.

Based on passenger capacity, up to 4 passengers segment projected to dominate hydrogen aircraft market during 2025 to 2030

Based on passenger capacity, the hydrogen aircraft market has been segmented into up to 4 passengers, 5 to 10 passengers, and more than 10 passengers. The up to 4 passengers segment leads the market. Hydrogen fuel cell technology has yet to be scaled up to a passenger size for large commercial aircraft. Therefore, presently hydrogen aircraft are being considered for passenger capacity up to 4 Passengers.

Based on range, the up to 20 km segment accounts for the largest market size during 2025 to 2030

Based on range, the hydrogen aircraft market is segmented into up to 20 km, 20 km to 100 km, and more than 100 km. the up to 20 km segment dominates the market. This is because the hydrogen aircraft market is dominated by UAVs, surveillance drones, etc with a range up to 20 km.

Based on platform, the unmanned aerial vehicles segment accounts for the largest market size during 2025 to 2030

Based on the platform, the hydrogen aircraft market has been segmented into unmanned aerial vehicles, air taxis, and business jets. The unmanned aerial vehicles segment is expected to dominate the market. This is since the hydrogen aircraft market is still in the developing stage and unmanned aircraft like drones and other unmanned military and surveillance aircraft make  an overwhelmingly large proportion of the market.

Based on technology, the hybrid electric aircraft segment accounts for the largest market size during 2025 to 2030

Based on technology, the hydrogen aircraft market is segmented into fully hydrogen powered aircraft and hybrid electric aircraft. The fully hydrogen powered aircraft uses hydrogen fuel as the sole power source while the hybrid electric aircraft uses both, hydrogen, and batteries as power source. The market is currently dominated by hybrid electric aircraft. This is because the fully hydrogen powered aircrafts are in the developing stage and hydrogen fuel cells are already commercialized in automotive sector which makes their adoption in Aerospace and Defense feasible.

North America accounted for the largest share in 2020.

The hydrogen aircraft market has been studied for North America, Europe, Asia Pacific, and Rest of the World. North America is estimated to account for the largest share of the global market in 2020. Major developments and start-ups in unmanned hydrogen aircraft like UAVs and surveillance drones has enabled the North America to stay at the top of the share. Further developments expected in the fields of passenger and commercial hydrogen aircrafts will propel the growth of hydrogen aircraft market and North America is expected to retain its top position throughout the forecast period.

Break-up of profile of primary participants in the Hydrogen aircraft Market:

  • By Company Type: Tier 1 – 25%, Tier 2 – 20%, and Tier 3 – 55%
  • By Designation: Others – 25%, C Level – 50 %, and Director Level – 25 %
  • By Region: North America – 60 %, Europe – 20 %, Asia Pacific – 10 %, South America – 5%, Middle East & Africa – 5%

Key Players in the hydrogen aircraft market are Airbus SE (Netherlands), GKN Aerospace (UK), Urban Aeronautics Ltd. (Israel), HES Energy Systems (Singapore) and, ZeroAvia Inc. (US).

Research Coverage:

The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the hydrogen aircraft market. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; new product launches; mergers; and partnerships, agreements, and collaborations; and recent developments associated with the hydrogen aircraft market. Competitive analysis of upcoming startups in hydrogen aircraft market ecosystem is covered in this report.

Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall hydrogen aircraft market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on hydrogen aircraft market offered by top players in the market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the hydrogen aircraft market
  • Market Development: Comprehensive information about lucrative markets – the report analyzes the hydrogen aircraft market across varied regions
  • Market Diversification: Exhaustive information about new products, recent developments in the hydrogen aircraft market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in hydrogen aircraft market
Filed in: Automotive
Publisher : marketsandmarkets
More Reports
Title Price Buy Now

EV Charging Cables Market by Power Supply (AC and DC), Application (Private Charging and Public Charging), Length (2-5 Meters, 6-10 Meters, and >10 Meters), Shape (Straight and Coiled), Mode, Charging Level, Diameter and Region – Global Forecast to 2027

“Increasing adoption of electric vehicles and increased demand for fast charging stations are anticipated to trigger the growth of the EV charging cables market.” The global EV charging cables market is projected to grow at a CAGR of 29.8%, to reach USD 2,453 million by 2027 from an estimated USD 665 million in 2022. Factors such as rapidly developing EV infrastructure, rising EV sales worldwide, and government support on overall EV ecosystem are expected to support the EV charging cables market growth. Increasing concerns about the environment along with rapid improvements in battery and charging technologies have contributed to the growing popularity of electric vehicles. Similarly, improving vehicle range is further supporting the demand for electric vehicles across the world.......
 $4950

EV Test Equipment Market by Vehicle Type (Passenger Car and Commercial Vehicle), Electric Vehicle Type (BEV, PHEV & HEV), Equipment Type, Application Type (EV Component, EV Charging, and Powertrain) and Region – Global Forecast to 2027

“The growth of the EV test equipment market can be attributed to the increasing demand for electric vehicles. The global EV test equipment market size is projected to reach USD 242 million by 2027, from an estimated USD 79 million in 2022, at a CAGR of 25.2%. The market for electric vehicles has been growing over the past few years due to the increasing demand for emission-free vehicles around the world, combined with the rising cost of fuel. Various renowned OEMs have been working on developing EVs with advanced electronic/electric components over the past few years. Due to the rapidly developing EV drivetrain technologies, government initiatives (tax rebates & subsidies), and regulations, both passenger and commercial electric vehicles have witnessed a high demand. OEMs offer a ......
 $

Automotive Heat Exchanger Market by Propulsion & Component (ICE, EV), Electric Vehicle Type (BEV, PHEV, HEV), Design (Plate Bar, Tube Fin), Vehicle Type, Off-Highway Vehicle Type (Passenger Car, LCV, Truck, Bus) and Region – Global Forecast to 2027

“Increase in the penetration of hybrid and plug-in hybrid vehicles, growth in the automotive industry, and increasing adoption of HVAC systems in high-end commercial and off-highway vehicles are expected to fuel the demand in automotive heat exchanger market.” The global automotive heat exchanger market is projected to grow from USD 28.9 billion in 2022 to USD 34.3 billion by 2027, at a CAGR of 3.5%. Parameters such as increase in demand for hybrid and plug-in hybrid vehicles, along with steady increase in vehicle production will increase the demand for the automotive heat exchangers. In addition, the advancements in mobility solutions, paired with increase in demand for battery thermal management systems will create new opportunities for this market. “PHEV segment is expected ......
 $4950

Robotics and Automation Actuators Market by Actuation (Electric, Pneumatic, Hydraulic), Application (Process Automation, Robotics), Type, Vertical (Automotive, Electronics, Healthcare), Design Characteristics & Region – Global Forecast to 2027

“Increased use of electrical actuators, and compact pneumatic actuators in robotics and automation applications are driving the market.” The robotics and automation actuators market includes various players, such as product manufacturers and solution providers. The market size of robotics and automation actuators market is estimated to be valued at USD 18.7 billion in 2022 and is projected to grow at a CAGR of 13.9% during the forecast period. The development of advanced and cost-effective robotics and automation actuators and increasing demand for industrial robots and process automation in various industry verticals are some of the opportunities impacting the growth of the robotics and automation actuators market. “Based on type, the rotary actuator segment is estimated to ha......
 $4950

Special Mission Aircraft Market by Platform (Military Aviation, Commercial Aviation, UAV), Application (ISR, Command and Control, Combat Support, Air-Launch/Rocket Launch), Payload Type, End-User, Point of Sale and Region – Global Forecast to 2027

The special mission aircraft market is projected to grow from USD 15.9 billion in 2022 to USD 19.9 billion by 2027, at a CAGR of 4.6%. Aircraft OEMs and component manufacturers are focusing on innovating equipment and components for special missions due to the increasing demand for technologically advanced aircraft from military as well as commercial applications globally. Maintaining and funding innovations and managing fluctuations in aircraft build-rates are expected to result in the dynamic growth of the special mission aircraft market in the long term, particularly for the more fragmented parts of the supply chain and highly capital-intensive aero structure segments. Application segment is estimated to be the largest and fastest growing market The need for stealthy monitoring du......
 $4950

Ultralight and Light Aircraft Market by Aircraft Type (Ultralight & Light Aircraft), End Use (Civil & Commercial and Military), Flight Operation (CTOL & VTOL), Technology, Propulsion, Material, System and Region – Global Forecast to 2030

“The commercialization of passenger drones is one of the key factor influencing the growth of the ultralight and light aircraft market.” The ultralight and light aircraft market is projected to grow from USD 7.5 billion in 2022 to USD 11.9 billion by 2030, at a CAGR of 5.9% from 2022 to 2030. The market is driven by the commercialization of passenger drones. However, the market's growth is limited by the regulations on use of unamnend aircrafts to foresee the market growth. The COVID-19 outbreak has had an impact on the ultralight and light aircraft supply chain. The spread of COVID-19 in the United States and Europe is expected to be slowed by lockdowns at ultralight and light aircraft vehicle research and development centres. As a result of the Asia Pacific lockdown, many busin......
 $

Automotive Ambient Lighting Market by IC & Electric Vehicle (BEV, FCEV, PHEV), Application (Footwell, Door, Dashboard, Center Console), Passenger Car (C, D, E & F), Aftermarket (Country & Application (Interior & Exterior)) – Global Forecast to 2027

“Increased penetration of ambient lighting in low-mid segment cars to upsurge the automotive ambient lighting market” The automotive ambient lighting market size is projected to reach USD 6.2 billion by 2027 from an estimated USD 3.8 billion in 2022, at a CAGR of 10.6% from 2022 to 2027. The key factors driving the market growth include increasing penetration of ambient lighting in low to mid-segment vehicles, inclination toward luxury, and increasing vehicle production. The improving economic condition of developing regions such as Asia Oceania has boosted the market for premium vehicles, which are equipped with ambient lighting. “The foot well segment for automotive ambient lighting segment is expected to hold a dominant share throughout the forecast period as most of OEMs of......
 $4950

Diesel Exhaust Fluid Market by Component (SCR Catalysts, DEF Tanks, Injectors, Supply Modules, Sensors), OHV Market by Application, Aftermarket by Vehicle Type, Supply Mode (Cans, IBCs, Bulk & Pumps), End Use Market and Region – Global Forecast to 2027

“Stringent emission regulations are leading to the increased penetration of diesel SCR vehicles.” The global diesel exhaust fluid aftermarket forecasted to reach USD 50.0 billion by 2027 from USD 34.4 billion in 2020, at a CAGR of 7.8%. Governments around the globe have updated and improved their emission standards by introducing new legislation for the automotive industry to comply to. Western regions, such as the North American and European region, have introduced new regulations like the Clear Air Act of the Us which has stricter standards and wider scope for emissions. In the Asian region countries like China and India have introduced swift regulation to counter rising air pollution. The introduction of such regulations, norms and standards will drive the demand for DEF acros......
 $4950

Industrial Vehicles Market in terms of Vehicle Type, Drive Type (ICE, Battery-operated, Gas-powered), Application, Capacity, Level of Autonomy, Aerial Work Platform (Boom Lifts, Scissor Lifts) and Region – Global Forecast to 2027

“Increasing growth of e-commerce sector, rising demand for automation solutions in material handling processes across industries and increasing focus on improving workplace safety are expected to fuel the demand in industrial vehicles market.” The global industrial vehicles market is projected to grow from USD 43.7 billion in 2022 to USD 54.3 billion by 2027, at a CAGR of 4.5%. Parameters such as increasing growth of e-commerce sector, along with the increasing demand for autonomous solutions in material handling across end-use industries will boost the demand for the industrial vehicles. In addition, the growing adoption of battery-operated industrial vehicles, paired with               the advent of smart factories in the manufacturing sector will create new opportun......
 $4950

Military Battery Market by Type (Rechargeable, Non-rechargeable), Installation (OEM, Aftermarket), Application (Propulsion, Non-propulsion), Platform (Ground, Airborne, Marine), Composition, Voltage, Power Density and Region – Global Forecast to 2027

“The demand for ground vehicles and UAVs  the key factor influencing the growth of the military battery market.” The military battery market is projected to grow from USD 1.3 billion in 2022 to USD 1.6 billion by 2027, at a CAGR of 4.1% from 2022 to 2027. The market is driven by rising need for ground vehicles and UAVs  in military applications. However, the market's growth is limited by the regulations on lithium batteries to foresee the market growth. The COVID-19 outbreak has had an impact on the military battery supply chain. The spread of COVID-19 in the United States and Europe is expected to be slowed by lockdowns at military battery vehicle research and development centres. As a result of the Asia Pacific lockdown, many businesses in the military battery industry have l......
 $4950
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy