Press release
Hydrogen Aircraft Market: Cargo Aircraft Application to Rake at 23.5% CAGR During 2030 to 2040
Hydrogen Aircraft Market
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Covid-19 scenario:
The economic crisis occurred due to the Covid-19 pandemic and led to the reduced expenditure on next-generation technologies such as hydrogen-fueled aircraft. Many governments lowered down their spending on many sectors and invested a hefty amount in improving healthcare facilities.
The adverse impacts of the Covid-19 pandemic led to interruption in activities and initiatives about development of hydrogen-based aircraft. Shortage of raw materials and disruptions in the supply chain presented challenges in manufacturing activities.
The report offers detailed segmentation of the global hydrogen aircraft market on the basis of passenger capacity, range, application, power source, and region.
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Based on passenger capacity, the less than 100 segment is estimated to account for the largest share in 2030, contributing to nearly four-fifths of the total share, and is estimated to continue its lead position throughout the forecast period. However, the 101 to 200 segment is expected to register the fastest CAGR of 23.1% from 2030 to 2040.
Based on application, the passenger aircraft segment held the largest share in 2030, contributing to around 89% of the total share of the global hydrogen aircraft market, and is projected to maintain its dominant share during the forecast period. However, the cargo aircraft segment is estimated to witness the largest CAGR of 23.5% from 2030 to 2040.
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Based on region, Europe contributed to the highest share in 2030, accounting for more than half of the total share, and is expected to maintain its lead position in terms of revenue by 2040. However, Asia-Pacific is estimated to portray the fastest CAGR of 22.4% during the forecast period.
Leading market players:
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.
ZeroAvia, Inc.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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