About Hydrogen Aircraft
Hydrogen Aircraft use hydrogen as a power source. Hydrogen can be used as a fuel in two ways; either it can be burned or it can be used to produce electricity to propel the engine. The main advantage hydrogen offers are it removes carbon dioxide emission entirely if a second method is used. Also, relative to batteries, it has superior higher energy density both in gravimetric and volumetric terms.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The hydrogen Aircraft market is yet to prove itself as a viable option against conventional, oil-powered aircraft. Manufacturers in this place not only have to prove that hydrogen aircraft is the future but also have to invest in eco-friendly methods of extracting hydrogen and then create their own demand. The market is not expected to catch pace until after 2040. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AeroDelft (Netherlands), AeroVironment, Inc. (United States), Airbus (Netherlands), Alaka’i Technologies (United States), HES Energy Systems (Singapore), PJSC Tupolev (Russia), The Boeing Company (United States), Urban Aeronautics Ltd (Israel) and ZeroAvia, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Hydrogen Aircraft market by Type (Passenger Aircraft, Defense Aircraft and Drone), Application (Goods Transport, Passenger Transport and Military Vehicle) and Region.
On the basis of geography, the market of Hydrogen Aircraft has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Range, the sub-segment i.e. Short Range will boost the Hydrogen Aircraft market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Engine, the sub-segment i.e. Combustion Engine will boost the Hydrogen Aircraft market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Competition to Make Hydrogen Aircraft as a Flying Taxi and Emerging Technological Advancements in Hydrogen Aircraft
Market Growth Drivers:
Demand for Hydrogen Aircraft to Decrease the Carbon Footprint and Increasing Demand for Hydrogen Aircraft as According to Research they Are Supposed to Be Safer
Challenges:
A Complete Redesign Would Be Necessary for the Airplanes to Use Hydrogen as a Fuel and Reduction in Price of Green Hydrogen is Necessary to Compel More Players in the Market
Restraints:
Lack of Hydrogen Infrastructure in Fuel Delivery Hindering the Hydrogen Aircraft Market
Opportunities:
Increasing Production of “Green” Hydrogen will Boost the Hydrogen Aircraft Market and Rising Investment to Manufacture Hydrogen
Market Leaders and their expansionary development strategies
In November 2021, ZeroAvia, a leader in zero-emission passenger aircraft, announced an Aircraft and Infrastructure financing collaboration with Rose Cay GP, LLP ("Rose Cay"), a US-based real asset special situations investment platform.
In Jan 2021, Urban Aeronautics, an Israeli airplane manufacturer announced that it has reached an agreement to provide four of its CityHawk VTOL aircraft to Hatzolah Air for emergency medical services. CityHawk is a lightweight, twin-engine vertical take-off and landing aircraft which can be used in urban transportation. It will utilize a jet propulsion engine. The aircraft is supposed to larger than comparable helicopters and a lot quieter.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Hydrogen Aircraft Manufacturers, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.