While many airlines have taken steps to cut emissions, a large percentage of jet fuel still comes from fossil sources, and there aren't a lot of alternatives on the horizon. Hydrogen can make a big difference here, cutting CO2 emissions by as much as 50-75% and drastically reducing impacts from contrail and cirrus formation. Hydrogen is a green alternative to the conventional fuel, and produces only water as a byproduct. Due to the deteriorating environmental condition owing to carbon emission from transport vehicles, governments around the world are taking steps to control the carbon footprint of the aviation industry. This has prompted the manufacturers to develop new fuel-efficient aircrafts that use less gas than the conventional planes.

Market Dynamics:

Increase in air passenger traffic is anticipated to fuel the hydrogen aircraft market. Rising globalization of businesses has resulted in a massive number of domestic and international flights. This in turn has led to the production of increased level of air pollution. This has prompted the government to take major initiatives to curb carbon emissions and promote sustainable commute solutions, which in turn is expected to propel the growth of hydrogen aircraft market.

However, high cost of hydrogen production and storing it at lower temperatures may hinder the growth of the market over the forecast period. Also, transition from kerosene-based to hydrogen aircrafts requires huge investments. This in turn, is expected to obstruct the growth of the market.

Key features of the study:

• This report provides in-depth analysis of the global hydrogen aircraft market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global hydrogen aircraft market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Aerodelft, Aerovironment, Inc., Airbus S.A.S., Alaka’i Technologies, HES Energy Systems, Pipistrel D.O.O., PJSC Tupolev, and The Boeing Company
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global hydrogen aircraft market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global hydrogen aircraft market

Detailed Segmentation:

• Global Hydrogen Aircraft Market, By Passenger Capacity
  • Less than 100
  • 100-200
  • More than 200
• Global Hydrogen Aircraft Market, By Range
  • Short Haul (<1,000 Km)
  • Medium Haul (1,000-2,000 Km)
  • Long Haul (2,000+ Km)
• Global Hydrogen Aircraft Market, By Application
  • Passenger Aircraft
  • Cargo Aircraft
• Global Hydrogen Aircraft Market, By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profile:
  • Aerodelft
  • Aerovironment, Inc.
  • Airbus S.A.S.
  • Alaka’i Technologies
  • HES Energy Systems
  • Pipistrel D.O.O.
  • PJSC Tupolev
  • The Boeing Company