Press release
Hydrogen Aircraft Market estimated to grow at +21% CAGR during 2024 - 2031| HyPoint Inc, Apus Group, Honeywell International Inc, GKN Aerospace Services Limited (Melrose Industries PLC), Eviation Aircraft
The Global Hydrogen Aircraft Market in terms of revenue was estimated to be worth USD XX billion in 2023 and is poised to grow at a CAGR of 20.0% from 2024 to 2031.
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Top Key Players Profiled in This Report:
HyPoint Inc, Apus Group, Honeywell International Inc, GKN Aerospace Services Limited (Melrose Industries PLC), DigiSky s.r.l., PJSC TUPOLEV, EMBRAER S.A., E-PROPS (Electravia), PIPISTREL D.O.O, URBAN AERONAUTICS LTD, Eviation Aircraft and Others.
The shifting focus of the aviation industry towards de-carbonization, the benefits of hydrogen aircraft over traditional one and growing number of air passengers are the most prominent factors that are expected to augment the growth of the global hydrogen aircraft market. The global aviation industry contributes around 2.5% of the total carbon emission across the globe. The rising government initiative to reduce carbon footprint and promote the adoption of sustainable and eco-friendly commute solutions is significantly fostering the growth of the hydrogen aircraft market. Various country members of the European Union such as France, UK, and Germany are formulating their own National Hydrogen Strategy to reduce the carbon footprint from the aviation industry.
Hydrogen Aircraft Market Dynamics
• Drivers: Rising Environmental Concerns Propel Interest in Hydrogen-Powered Aircraft.
• Restraints: Infrastructure Challenges Pose Barrier to Widespread Adoption of Hydrogen Aircraft.
• Opportunities: Growing Investment in Research and Development Drives Innovation in Hydrogen Aircraft Technology.
• Challenges: Scaling Up Hydrogen Production and Distribution Infrastructure Poses Significant Challenge for Aviation Industry.
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Hydrogen Aircraft Market Segmentation by Passenger Capacity:
• Less than 100
• 101 to 200
• More than 200
Hydrogen Aircraft Market Segmentation by Range:
• Short Haul (Less than 1,000 Km)
• Medium Haul (1,000-2,000 Km)
• Long Haul (Above 2,000 Km)
Hydrogen Aircraft Market Segmentation by Application:
• Passenger Aircraft
• Cargo Aircraft
Hydrogen Aircraft Market Segmentation by Power Source:
• Fully hydrogen powered aircraft
• Hybrid electric aircraft
• Hydrogen fuel cell aircraft
• Liquid hydrogen aircraft
Hydrogen Aircraft Market by Regions:
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Reasons for buying the Hydrogen Aircraft report: -
• It offers an analysis of changing competitive scenario.
• For making informed decisions in the businesses, it offers analytical data with strategic planning methodologies.
• It offers seven-year assessment of Hydrogen Aircraft Market.
• It helps in understanding the major key product segments.
• Researchers throw light on the dynamics of the market such as drivers, restraints, trends, and opportunities.
• It offers regional analysis of Hydrogen Aircraft Market along with business profiles of several stakeholders.
• It offers massive data about trending factors that will influence the progress of the Hydrogen Aircraft Market.
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