Market Research Report
Hydrogen Aircraft Market by Passenger Capacity, Range (Short Haul, Medium Haul and Long Haul ), Application and Power Source : Global Opportunity Analysis and Industry Forecast, 2030-2040
|Hydrogen Aircraft Market by Passenger Capacity, Range (Short Haul, Medium Haul and Long Haul ), Application and Power Source : Global Opportunity Analysis and Industry Forecast, 2030-2040|
Published: December 27, 2021
Allied Market Research
Content info: 449 Pages
Delivery time: 2-3 business days
Hydrogen aircraft is a type of zero-emission aircraft that uses hydrogen as fuel and does not emit any environmentally harmful gases such as CO2, NOx, and others. An increase in air passenger traffic, along with rise in GHG emissions is expected to propel the growth of the hydrogen aircraft market during the forecast period. Moreover, the leading companies operating in the market are developing different technologies and finding innovative ways to commercialize hydrogen-fuelled aircraft over the years. For instance, Airbus S.A.S is leading the development of hydrogen aircraft and aims to deliver a hydrogen-fuelled commercial aircraft by 2035. Airbus S.A.S is backed by a huge investment in hydrogen research from the French and German governments.
The high suitability of hydrogen as the aviation fuel, and reduced GHG emissions are expected to drive the growth of the global hydrogen aircraft market during the forecast period. However, the high costs associated with the production and handling of hydrogen and the huge investments required for approval and certification of hydrogen-based aircraft are anticipated to obstruct the market growth during the forecast timeline.
The hydrogen aircraft market is segmented on the basis of passenger capacity, range, application, and region. The passenger capacity segment is divided into less than 100, 100-200, and more than 200. By range, the market is segmented into Short Haul (<1,000 Km), Medium Haul (1,000-2,000 Km), and Long Haul (2,000+ Km). Depending on the application, the market is segmented into passenger aircraft and cargo aircraft. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Competitive analysis and profiles of the major hydrogen aircraft market players include AeroDelft, AeroVironment, INC., Airbus S.A.S., Alaka'i Technologies, HES Energy Systems, Pipistrel d.o.o, PJSC Tupolev, The Boeing Company, Urban Aeronautics Ltd, and ZeroAvia, Inc.
The report includes the study of the hydrogen aircraft market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter's five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on market growth.
By Passenger Capacity