Hydrogen Aircraft Market Size, Growth and Forecast 2022-2027

According to IMARC Group’s latest report, Hydrogen Aircraft Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.” the global hydrogen aircraft market reached a value of US$ 4.8 Billion in 2021. Hydrogen aircraft is an alternative to propulsion system-based aircraft that relies on hydrogen as the chief power source. It is designed with hydrogen fuel tanks inside the fuselage, unlike other aircraft. It is gaining widespread prominence across the aerospace and allied industries since it is environment-friendly and causes zero emissions of soot, carbon dioxide, nitric oxide, and sulfur oxides. 

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We are constantly tracing and assessing the impact of the COVID-19 pandemic on the industry. These influences have been covered in our report as significant market contributors.

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Global Hydrogen Aircraft Market Trends:

The global market is majorly driven by an enhanced focus on environmental sustainability. This has escalated the demand for hydrogen aircraft as it reduces the ecological footprint of air transport. Moreover, numerous private companies and government bodies are heavily investing to decarbonize the aviation industry, thereby providing a boost to the uptake of hydrogen aircraft. In addition to this, various technological advancements across the aviation industry, including the introduction of hydrogen fuel cell-based unmanned aerial vehicles (UAVs), have further created a positive outlook for the market. Looking forward, IMARC Group expects the market to reach US$ 13.15 Billion by 2027, exhibiting at a CAGR of 17.20% during 2022-2027.

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Key Market Segmentation: 

IMARC Group provides an analysis of the key trends in each sub-segment of the global hydrogen aircraft market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on passenger capacity, range, technology and application.

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Competitive Landscape:

  • AeroVironment Inc.
  • Air Liquide S.A.
  • Airbus SE
  • Alaka’i Technologies
  • GKN Aerospace Services Limited
  • HES Energy Systems
  • Pipistrel d.o.o
  • Raytheon Technologies Corporation
  • Stichting AeroDelft
  • The Boeing Company
  • Urban Aeronautics Ltd
  • ZeroAvia Inc.

Breakup by Passenger Capacity:

  • Less than 100
  • 101 to 200
  • More than 200

Range:

  • Short Haul
  • Medium Haul
  • Long Haul 

Technology:

  • Fully Hydrogen-Powered Aircraft
  • Hybrid Electric Aircraft
  • Application:
  • Passenger Aircraft
  • Cargo Aircraft

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

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We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

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Key highlights of the report:      

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us                                                                       

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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