The Worldwide Hydrogen Aircraft Industry is Expected to Reach $1.4 Billion by 2025

DUBLIN, May 4, 2021 /PRNewswire/ -- The "Hydrogen Aircraft Market by Power Source (Hydrogen Combustion, Hydrogen Fuel Cell), Platform (Unmanned Aerial Vehicles, Air Taxis, and Business Jets), Range, Passenger Capacity, Technology, and Region - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

The hydrogen aircraft market is estimated to be USD 143 million in 2020 and is projected to grow from USD 1,411 million in 2025 to USD 7,427 million by 2030, at a CAGR of 28.9% from 2025 to 2030.

The aviation industry contributes significantly towards carbon emissions with approximately 2.5% of the global CO2 emissions. Since the massive reduction of air traffic due to COVID-19, industry stakeholders are making efforts in the decarbonization of the aviation industry. This is of concern for governments in the European Union (EU) particularly Germany, UK, and France. Governments of these nations have formulated their own National Hydrogen Strategies with a focus on the decarbonization of transportation and aviation.

Based on power source, hydrogen fuel cell segment is projected to lead hydrogen aircraft market during the forecast period

Based on power source, the hydrogen aircraft market is segmented into hydrogen combustion based and hydrogen fuel cell based. The hydrogen fuel cell segment is expected to dominate the market as hydrogen fuel cells are widely commercialized and can be easily sourced.

Based on passenger capacity, up to 4 passengers segment projected to dominate hydrogen aircraft market during the forecast period

Based on passenger capacity, the hydrogen aircraft market has been segmented into up to 4 passengers, 5 to 10 passengers, and more than 10 passengers. The up to 4 passengers segment leads the market. It is because the unmanned hydrogen aircraft lead the market currently which means that the aircraft carries no passengers.

Based on range, the up to 20 km segment accounts for the largest market size during the forecast period

Based on range, the hydrogen aircraft market is segmented into up to 20 km, 20 km to 100 km, and more than 100 km. the up to 20 km segment dominates the market. This is because the hydrogen aircraft market is dominated by UAVs, surveillance drones, etc. that do not need to travel long distances.

Based on platform, the unmanned aerial vehicles segment accounts for the largest market size during the forecast period

Based on the platform, the hydrogen aircraft market has been segmented into unmanned aerial vehicles, air taxis, and business jets. The unmanned aerial vehicles segment is expected to dominate the market. This is since the hydrogen aircraft market is still in the developing stage and unmanned aircraft like drones and other unmanned military and surveillance aircraft make an overwhelmingly large proportion of the market.

Based on technology, the hybrid electric aircraft segment accounts for the largest market size during the forecast period

Based on technology, the hydrogen aircraft market is segmented into fully hydrogen powered aircraft and hybrid electric aircraft. The fully hydrogen powered aircraft uses hydrogen fuel as the sole power source while the hybrid electric aircraft uses both, hydrogen, and batteries as power source. The market is currently dominated by hybrid electric aircraft. This is because the fully hydrogen powered aircrafts are in the developing stage and hydrogen fuel cells are already commercialized in automotive sector which makes their adoption in Aerospace and Defense feasible.

North America accounted for the largest share in 2020

The hydrogen aircraft market has been studied for North America, Europe, Asia Pacific, and Rest of the World. North America is estimated to account for the largest share of the global market in 2020. Major developments and start-ups in unmanned hydrogen aircraft like UAVs and surveillance drones has enabled the North America to stay at the top of the share. Further developments expected in the fields of passenger and commercial hydrogen aircrafts will propel the growth of hydrogen aircraft market and North America is expected to retain its top position throughout the forecast period.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Hydrogen Aircraft Market
4.2 Hydrogen Aircraft Market, by Platform
4.3 Hydrogen Aircraft Market, by Power Source
4.4 Hydrogen Aircraft Market, by Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Focus of the Aviation Industry on Decarbonization
5.2.1.2 Increasing Air Passenger Traffic Across the Globe
5.2.1.3 Advantages of Hydrogen Aircraft Over Conventional Aircraft
5.2.1.4 Hydrogen Offers Alternative Air Transportation Solutions
5.2.2 Restraints
5.2.2.1 High Costs Associated with the Production of Hydrogen
5.2.3 Opportunities
5.2.3.1 Development of Fuel Cell Technologies in the Aviation Industry
5.2.3.2 Focus of Governments on the Development of Hydrogen Aircraft
5.2.4 Challenges
5.2.4.1 Retrofitting Existing Aircraft into Hydrogen Aircraft
5.2.4.2 Storage of Hydrogen Fuel in Aircraft
5.2.4.3 Sustainable Hydrogen Production for Aircraft
5.3 Range/Scenarios
5.4 Impact of COVID-19 on Hydrogen Aircraft Market
5.5 Trends/Disruption Impacting Customers' Business
5.5.1 Revenue Shift and New Revenue Pockets for Hydrogen Aircraft Market
5.6 Selling Price Analysis
5.7 Hydrogen Aircraft Market Ecosystem
5.7.1 Prominent Companies
5.7.2 Private and Small Enterprises
5.7.3 End-users
5.8 Value Chain Analysis
5.9 Use Cases
5.9.1 Hydrogen: a Future Fuel for Aviation
5.9.2 Scientists Leading the Way in New-Generation Cleaner Air Travel
5.9.3 France's Commitment for Hydrogen Deployment According to Its National Energy and Climate Plan (Necp)
5.9.4 Fuel Cells for Non-Propulsion Applications
5.10 Tariff Regulatory Landscape for Hydrogen Production
5.11 Technology Analysis
5.12 Porter's Five Forces Analysis

6 Industry Trends
6.1 Introduction
6.2 Expected Technology Roadmap of the Aviation Industry for the Future
6.3 Developments in Hydrogen Aircraft
6.4 Technological Advancements in the Aviation Industry
6.4.1 Artificial Intelligence
6.4.2 Big Data Analytics
6.4.3 Internet of Things (Iot)
6.5 Technology Trends in the Hydrogen Aircraft Market
6.5.1 Hydrogen Combustion
6.5.2 Hydrogen Fuel Cell
6.6 Impact of Megatrends
6.7 Innovations and Patent Registrations, 2004 - 2016

7 Hydrogen Aircraft Market, by Power Source
7.1 Introduction
7.2 Hydrogen Combustion
7.3 Hydrogen Fuel Cell

8 Hydrogen Aircraft Market, by Passenger Capacity
8.1 Introduction
8.2 Up to 4 Passengers
8.3 5 to 10 Passengers
8.4 More Than 10 Passengers

9 Hydrogen Aircraft Market, by Range
9.1 Introduction
9.2 Up to 20 Km
9.3 20 Km to 100 Km
9.4 More Than 100 Km

10 Hydrogen Aircraft Market, by Platform
10.1 Introduction
10.2 Unmanned Aerial Vehicles
10.3 Air Taxis
10.4 Business Jets

11 Hydrogen Aircraft Market, by Technology
11.1 Introduction
11.2 Fully Hydrogen Powered Aircraft
11.2.1 Liquid Hydrogen Aircraft
11.2.2 Hydrogen Fuel Cell Aircraft
11.3 Hybrid Electric Aircraft

12 Hydrogen Aircraft Market, by Region
12.1 Introduction
12.2 North America
12.3 Europe
12.4 Asia-Pacific
12.5 Rest of the World

13 Competitive Landscape
13.1 Introduction
13.2 Ranking of Leading Players, 2020
13.3 Market Share Analysis of Leading Players, 2020
13.4 Competitive Overview
13.5 Company Product Footprint Analysis
13.6 Company Evaluation Quadrant
13.6.1 Star
13.6.2 Emerging Leader
13.6.3 Pervasive
13.6.4 Participant
13.7 Hydrogen Aircraft Market Competitive Leadership Mapping (Startups)
13.7.1 Progressive Companies
13.7.2 Responsive Companies
13.7.3 Dynamic Companies
13.7.4 Starting Blocks
13.8 Competitive Scenario
13.8.1 Mergers & Acquisitions
13.8.2 New Product Launches
13.8.3 Contracts, Partnerships & Agreements
13.8.4 Collaborations & Expansions

14 Company Profiles
14.1 Key Players
14.1.1 Airbus Se
14.1.2 Aerovironment Inc.
14.1.3 Aerodelft
14.1.4 Skai (Under Alaka'I Technologies)
14.1.5 Hes Energy Systems
14.1.6 Pipistrel D.O.O
14.1.7 Urban Aeronautics Ltd.
14.1.8 Zeroavia Inc.
14.1.9 Gkn Aerospace (Under Melrose Industries plc.)
14.1.10 Flyka
14.1.11 Apus Group
14.2 Other Players
14.2.1 Hypoint Inc.
14.2.2 Honeywell International Inc.
14.2.3 Intelligent Energy Holdings
14.2.4 Plug Power Inc.
14.2.5 Doosan Mobility Innovation
14.2.6 Shanghai Pearl Hydrogen Energy Technology Co. Ltd.

15 Hydrogen Aircraft Adjacent Markets
15.1 Autonomous Aircraft
15.1.1 Market Definition
15.1.2 Autonomous Aircraft Market, by End Use
15.1.2.1 Commercial Aircraft
15.1.2.1.1 Increasingly Autonomous Capability
15.1.2.2 Cargo & Delivery Aircraft
15.1.2.2.1 Package Pickup and Delivery, Cargo Transport
15.1.2.3 Air Medical Services
15.1.2.3.1 Emergency Medical Services in Remote, Non-Accessible, or Heavy Traffic Areas
15.1.2.4 Passenger Air Vehicle
15.1.2.4.1 Urban Air Mobility - Passenger Travel, Air Taxi
15.1.2.5 Personal Air Vehicle
15.1.2.5.1 One and Two Seater Aircraft for Intracity Travel
15.1.2.6 Combat and Isr
15.1.2.6.1 Military Operations with Autonomous Capabilities
15.1.2.7 Others
15.1.2.7.1 Agriculture, Science and Research, Survey, Mapping and Photography
15.2 Urban Air Mobility
15.2.1 Market Definition
15.2.2 Urban Air Mobility Market, by Range
15.2.3 Intercity (100 Kilometers to 400 Kilometers)
15.2.4 Intracity (20 Kilometers to 100 Kilometers)

16 Appendix

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