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Hydrogen Aircraft Global Market Industry Worth $2.83 Billion By 2027 | Key Players: Aerodelft, Aerovironment Inc., Airbus SE, Apus Group, Doosan Mobility Innovation
Hydrogen Aircraft Market
The Business Research Company's Hydrogen Aircraft Global Market Report 2023 identifies the an increase in air passenger traffic across the globe is expected to propel the growth of the hydrogen aircraft market. Air passenger traffic refers to scheduled passengers (number of people who have booked a flight with a commercial airline, excluding charter flights) handled by the global airline industry.
The global hydrogen aircraft market size grew from $1.06 billion in 2022 to $1.26 billion in 2023 at a compound annual growth rate (CAGR) of 18.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hydrogen aircraft market size is expected to grow to $2.83 billion in 2027 at a CAGR of 22.5%.
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Major players in the hydrogen aircraft market are Aerodelft, Aerovironment Inc., Airbus SE, Apus Group, Doosan Mobility Innovation, The Boeing Company, Gkn Aerospace, Hes Energy Systems, Honeywell International Inc., Hypoint Inc., Pipistrel d.o.o. Ajdovina, Plug Power Inc., HyPoint, Zeroavia Inc., HES Energy Systems, Universal Hydrogen, and Raytheon Technologies Corporation.
The development of unmanned aircraft powered by hydrogen is a key trend in the hydrogen aircraft market. Unmanned aerial vehicles (UAVs) are aircraft that do not have a human pilot or passengers. UAVs, sometimes known as "drones," can be totally or partially automated, but they are generally piloted remotely by a human.
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The Hydrogen Aircraft Market Is Segmented -
• By Technology: Fully Hydrogen Powered Aircraft, Hybrid Electric Aircraft, Hydrogen Fuel Cell Aircraft, Liquid Hydrogen Aircraft
• By Power Source: Hydrogen Combustion, Hydrogen Fuel Cell
• By Range: 20 km To 100 km, More Than 100 km, Up To 20 km
• By Platform: Air Taxis, Business Jets, Unmanned Aerial Vehicles
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Hydrogen Aircraft market.
The Business Research Company's "Global Hydrogen Aircraft Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Hydrogen Aircraft Market Include:
1. Executive Summary
2. Hydrogen Aircraft Market Characteristics
3. Hydrogen Aircraft Market Trends And Strategies
4. Hydrogen Aircraft Market - Macro Economic Scenario
5. Hydrogen Aircraft Market Size And Growth
.....
26. Africa Hydrogen Aircraft Market
27. Hydrogen Aircraft Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hydrogen Aircraft Market
29. Hydrogen Aircraft Market Future Outlook and Potential Analysis
30. Appendix
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