Press release
Zero-Emission Aircraft Industry Set to Achieve $48.99 Billion Milestone by 2029 | Steady 15% CAGR
Zero-Emission Aircraft
What Is the Long-Term Growth Forecast for the Zero-Emission Aircraft Market Size 2025?
The market size for zero-emission aircraft has experienced a swift expansion in the past few years. It is projected to escalate from its worth of $24.04 billion in 2024 to $28.04 billion in 2025, reflecting a compound annual growth rate (CAGR) of 16.6%. Factors such as environmental regulations, technological enhancements in electric propulsion, rising worries over climate change, public knowledge and demands, as well as demo projects, have contributed to the growth seen in the historical timeframe.
What CAGR is Forecasted for the Zero-Emission Aircraft Market Through 2029?
The market size for zero-emission aircrafts is projected to experience a significant increase in the upcoming years, swelling up to a staggering $48.99 billion by 2029 with a compound annual growth rate (CAGR) of 15.0%. This predicted surge in the forecast period can be linked to factors like the increasing demand for eco-friendly travels, governmental investments in green aviation, the shift towards urban air mobility, the rebound of global air travel, harmonization of regulations and the rise of eco-friendly aviation fuels. Principal trends during this forecasted period include technological advancements in the aerospace field, the development of battery technologies, solutions for hybrid-electric aircrafts, hydrogen-fueled aircrafts, zero-emission in regional aviation, and tech collaborations.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/zero-emission-aircraft-global-market-report
What Are the Critical Factors Driving Zero-Emission Aircraft Market Development?
The ascent in air traffic is forecasted to stimulate the development of the zero-emission aircraft market in the future. Air traffic pertains to aircraft operations within specified airspace and airports, covering all flight varieties such as commercial, cargo, and private aviation. The surge in air traffic can be linked to numerous critical aspects, including economic expansion, globalization, and burgeoning tourism. Zero-emission aircraft present a more eco-friendly substitute to conventional aircraft, addressing issues related to climate change and making air travel more appealing to environmentally aware travelers and regulators. For instance, data from the Bureau of Transportation Statistics, a government agency based in the US, revealed that in March 2023, the passenger count for American airlines rose by 30%, escalating from 658 million in 2021 to 853 million in 2022. Hence, the escalating air traffic is fuelling the advancement of the zero-emission aircraft market in the succeeding period.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10329&type=smp
How Does the Zero-Emission Aircraft Market Break Down Across Major Segments?
The zero-emission aircraft market covered in this report is segmented -
1) By Type: Turboprop Rear Bulkhead, Turbofan System, Blended Wing Body
2) By Source: Hydrogen, Electric, Solar
3) By Range: Short-Haul, Medium-Haul, Long-Haul
4) By Technology: Electric Motor Technology, Fuel Cell Technology, Hydrogen Fuel Storage, Power Management And Distribution Technology, Other Technology
5) By Application: Passenger Aircraft, Cargo Aircraft
Subsegments:
1) By Turboprop Rear Bulkhead: Structural Components, Engine Integration Systems, Aerodynamic Features
2) By Turbofan System: Engine Components, Fuel Efficiency Mechanisms, Noise Reduction Technologies
3) By Blended Wing Body: Aerodynamic Design Features, Structural Materials, Engine Placement Systems
What Are the Major Trends Transforming the Zero-Emission Aircraft Industry?
Innovations in electric aircraft technologies are becoming a prominent trend in the zero-emission aircraft market. Electric aircraft indicates aircraft variants that employ batteries to power an electric engine in place of jet fuel. Firms in the zero-emission aircraft market are introducing revolutionary aircraft powered by battery technology to maintain their market stance. For example, Eviation Aircraft, a company based in Israel and specializing in electric aircraft, unveiled Alice in September 2022, marking a significant milestone as an all-electric passenger aircraft. Alice, which functions similarly to electric cars or mobile phones, is a nine-passenger aircraft powered by battery technology. After a mere 30 minutes of charging, Alice can operate for up to 2 hours, symbolizing a promising advancement in the pursuit of greener and more sustainable aviation.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=10329&type=smp
Which Players Are Driving Innovation in the Zero-Emission Aircraft Market?
Major companies operating in the zero-emission aircraft market include AeroDelft, Airbus SE, Bye Aerospace, Eviation Aircraft, Joby Aviation, Lilium GmbH, Wright Electric, Boeing Company, Northrop Grumman Corporation, SpaceX Aerospace Company, ZeroAvia Inc., MagniX, Zunum Aero, SkyDrive Inc., Pipistrel d.o.o., HyPoint Inc., Wisk Aero, XTI Aircraft Company, Rolls-Royce plc, Ampaire Inc., Alaka'i Technologies, Volocopter GmbH, Vertical Aerospace, H55, Heart Aerospace, Scaled Composites, Embraer SA, Faradair Aerospace Limited, Beta Technologies
Which Regions Are Driving Global Zero-Emission Aircraft Market Expansion?
Europe was the largest region in the zero-emission aircraft market in 2024. The regions covered in the zero-emission aircraft market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Zero-Emission Aircraft Industry Set to Achieve $48.99 Billion Milestone by 2029 | Steady 15% CAGR here
News-ID: 4254135 • Views: …
More Releases from The Business Research Company
Global Battle Force Ships Market Size, Share, and Forecast Analysis 2025-2029
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
What Are the Battle Force Ships Market Size Forecast for 2025?
The market size for battle force ships has seen robust growth in the past few years. The projection is that it will rise from $23.76 billion in 2024 to $26.01 billion in 2025, marking a compound annual growth rate…
Military Drones Market Growth to be Driven by Emerging Trends | $22.9 Billion by …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Military Drones Industry?
The market size for military drones has been on a consistent increase in the past years. It is projected to expand from a value of $16.18 billion in 2024, to $17.21 billion in 2025, with a compound annual growth rate…
In-Space Manufacturing Market Analysis: $2.84 Billion by 2029 With a CAGR of 23. …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
In-Space Manufacturing Market Value Projection: How Much Will the Market Size by 2025?
In recent times, the market size for in-space manufacturing has seen a significant surge. The market, which is projected to escalate from $0.98 billion in 2024 to a staggering $1.21 billion in 2025, boasts a compound annual growth…
Private Aircraft Market Growth to be Driven by Emerging Trends | $38.8 Billion b …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Private Aircraft Industry?
Over the past few years, the private aircraft market has seen robust growth. The market, which was valued at $28.01 billion in 2024, is projected to expand to $29.87 billion by 2025, representing a compound annual growth rate (CAGR) of…
More Releases for Air
Thermoelectric Assemblies Market, By Type (Air to Air, Direct to Air, Liquid to …
The thermoelectric assemblies market is expected to witness market growth at a rate of 8.25% in the forecast period of 2021 to 2028. Data Bridge Market Research report on thermoelectric assemblies market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the application of thermoelectric assemblies in the food and beverage industry…
Air Ambulance Market 2019 Global Analysis By Key Players – EMA Global , Native …
WiseGuyReports.Com Publish a New Market Research Report On –“ Air Ambulance Market 2019 Global Analysis By Key Players – EMA Global , Native American Air Ambulance, Air Medical Group, REVA Air Ambulance, PHI Air Medical ”.
Air Ambulance Industry 2019
Description:-
Air Ambulance is also known as helicopter emergency medical service, it refers to the aircraft specially adapted for carrying patients with critical condition and serious injury after permanent professional medical…
Air Ambulance Services Market 2019 AMR PHI Air Medical Scandinavian Air Ambulanc …
Air medical services is a comprehensive term covering the use of air transportation, airplane or helicopter, to move patients to and from healthcare facilities and accident scenes. Personnel provide comprehensive prehospital and emergency and critical care to all types of patients during aeromedical evacuation or rescue operations aboard helicopter and propeller aircraft or jet aircraft.
Request a Sample of this Report @ http://www.orbisresearch.com/contacts/request-sample/2398576 …
Air Ambulance Services Market 2026: Air Methods Corporation, Deccan Charters, Sc …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
Publisher’s Air Ambulance Services market research report provides the newest industry data and industry future trends, allowing you to identify the products and…
Air Ambulance Services Market Growth, & Key Business Strategies by Leading Indus …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
This report studies the global Air Ambulance Services Speaker market, analyzes and researches the Air Ambulance Services Speaker development status and forecast in…
Air Ambulance Services Market Analysis Report, Regional Outlook with Key Players …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
This report studies the global Air Ambulance ServicesSpeaker market, analyzes and researches the Air Ambulance Services Speaker development status and forecast in North…
