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Zero-Emission Aircraft Market Size Analysis by Growth, Emerging Trends and Future Opportunities.

09-19-2022 12:27 PM CET | Associations & Organizations

Press release from: We Market Research

Zero-Emission Aircraft Market

Zero-Emission Aircraft Market

Global Zero-Emission Aircraft Market valued at US $9.28 Billion in 2022 is anticipated to reach a value of US $23.30 Billion in 2030, growing at a CAGR of 12.2%.

Manufacturers have shifted to a zero-emission strategy as a result of stricter emission requirements. For the aviation sector to transition to the new paradigm, engine makers will be crucial. As firms like Airbus and Boeing aim towards 100% SAF flights, sustainable aviation fuel (SAF) is a crucial component of the aviation industry's CO2 emission reduction strategy. The aviation industry's shift will necessitate changes to the regulatory and infrastructure ecosystems in addition to technological hurdles. In order to reduce infrastructure and production costs, cross-industry cooperation will be necessary. This will be advantageous to both parties and hasten the development of the zero-emission aircraft.

General aviation has seen a rise in electric aircraft. Major developments are anticipated in the latter half of the projected period, although its implementation in long-haul commercial aviation is still some time away from being a reality.

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Market Dynamics for Hydrogen Aircraft: Driver: the aviation industry's emphasis on decarbonization
The absence of toxic pollutants is the main benefit of hydrogen aircraft, as the sole byproduct of hydrogen combustion or fuel cells is H20 (water). Approximately 915 million tonnes of CO2 were released into the atmosphere as a result of aviation worldwide, according to Air Transport Action Group (ATAG), accounting for 2% of all emissions caused by human activity and 12% of emissions from all modes of transportation. Many nations, especially those in the European Union (EU), including Germany, the United Kingdom, France, etc., are making efforts to reduce emissions while also subtly encouraging the use of hydrogen aircraft. This is manufacture of tiny hydrogen-powered aircraft for commercial use, with leading firms like GKN Aerospace in charge of the effort. demonstrated by instances like the grants awarded by the UK government to the H2GEAR programme. H2GEAR's programme seeks to

Development of fuel cell technology in the aviation sector is an opportunity.
It is anticipated that advancements in hydrogen fuel cell technology will make it feasible to use them in the aviation industry. The governmental and business sectors are placing more and more emphasis on the advancement of fuel cells.For instance, Event 38, a US-based manufacturer of mapping drones, said in June 2022 that one of its E400 UAVs adapted to function on a hydrogen cell had completed a successful test flight. This is the first stage in implementing the technology, which is cleaner and more efficient than gas or battery power. The advancement of hydrogen fuel cells has drawn more and more attention

Key Trends of Global Zero-Emissions Aircraft Market:

Increase in air passenger traffic across the globe

According to International Civil Aviation Organization's (ICAO) yearly worldwide statistics, the total number of commuters carried on scheduled flights rose to 4.38 billion in 2019, which was 3.65% higher than the previous year. The highest passenger traffic was witnessed in the Asia-Pacific region. In October 2018, the International Air Transport Association (IATA) publicized that the current developments in air transport project that the passenger count could double to 8.2 billion in 2037. The COVID-19 pandemic led to a severe downfall in air traffic figures.

Segmental Analysis of Global Zero-Emissions Aircraft Market

Based on Source
• Hydrogen
• Electric
• Solar

Based on Range
• Short-haul
• Medium-haul
• Long-haul

Based on Application
• Passenger Aircraft
• Cargo Aircraft

Based on Type
• Turboprop Rear Bulkhead
• Turbofan System
• Blended Wing Body

Competitive Landscape:
AeroDelft, Airbus S.A.S., Bye Aerospac, Eviation Aircraft, HES Energy Systems, Joby Aviation, Lilium, Pipistrel d.o.o, Wright Electric and ZeroAvia, Inc.

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Frequently Asked Questions
What is the growth rate projection Global Zero-Emissions Aircraft Market over the forecast period 2022-2030?
Which regional segment accounts for the largest revenue in the Global Zero-Emissions Aircraft Market?
What are the key trends of Global Zero-Emissions Aircraft Market?
How many segments have been Global Zero-Emissions Aircraft Market?
What are the prime strategies of the leading market players in Global Zero-Emissions Aircraft Market?

Contact Us:
We Market Research
Phone: +1(650)-666-4592
Email: sales@wemarketresearch.com
Web: https://wemarketresearch.com/

About We Market Research:
WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

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