has just issued its report on The Hydrogen Powered Aircraft Market Report: Trends, Forecast and Competitive Analysis to 2030. The global hydrogen powered aircraft market is expected to grow with a CAGR of 21% from 2024 to 2030.
The major drivers for this market are growing focus of the aviation industry on decarbonization and increasing air passenger traffic across the globe. The future of the global hydrogen powered aircraft market looks promising with opportunities in the hydrogen combustion and hydrogen fuel cell markets.
The study includes a forecast for the global hydrogen powered aircraft by type, platform, power source, and technology, and region.
Hydrogen Powered Aircraft Market by Type [Shipment Analysis by Value from 2018 to 2030]:
- Up To 20 km
- 20 Km To 100 km
- More Than 100 km
Up to 20 km is expected to witness the highest growth over the forecast period.
Hydrogen Powered Aircraft Market by Platform [Shipment Analysis by Value from 2018 to 2030]:
- Unmanned Aerial Vehicles
- Air Taxis
- Business Jets
Hydrogen Powered Aircraft Market by Power Source [Shipment Analysis by Value from 2018 to 2030]:
- Hydrogen Combustion
- Hydrogen Fuel Cell
Hydrogen fuel cells expected to witness the higher growth due to growing demand for fuel cell electric vehicles like advanced air mobility.
Hydrogen Powered Aircraft Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
- Fully Hydrogen-Powered Aircrafts
- Hybrid Electric Aircrafts
Hydrogen Powered Aircraft Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
North America will remain the largest region over the forecast period due to increasing focus towards green energy in advanced air mobility.
Features of the Global Hydrogen Powered Aircraft Market
- Market Size Estimates: Hydrogen powered aircraft market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Hydrogen powered aircraft market size by various segments, such as by type, platform, power source, technology, and region in terms of value ($B).
- Regional Analysis: Hydrogen powered aircraft market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different types, platforms, power sources, technologies, and regions for the hydrogen powered aircraft market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the hydrogen powered aircraft market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
Some of the hydrogen powered aircraft companies profiled in this report include:
- Airbus
- AeroDelft
- Flyka
- HES Energy Systems
- Skai
- ZeroAvia
Source: Press Release