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:
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 126.96.36.199 Focus of the Aviation Industry on Decarbonization 188.8.131.52 Increasing Air Passenger Traffic Across the Globe 184.108.40.206 Advantages of Hydrogen Aircraft Over Conventional Aircraft 220.127.116.11 Hydrogen Offers Alternative Air Transportation Solutions 5.2.2 Restraints 18.104.22.168 High Costs Associated with the Production of Hydrogen 5.2.3 Opportunities 22.214.171.124 Development of Fuel Cell Technologies in the Aviation Industry 126.96.36.199 Focus of Governments on the Development of Hydrogen Aircraft 5.2.4 Challenges 188.8.131.52 Retrofitting Existing Aircraft into Hydrogen Aircraft 184.108.40.206 Storage of Hydrogen Fuel in Aircraft 220.127.116.11 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
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 18.104.22.168 Commercial Aircraft 22.214.171.124.1 Increasingly Autonomous Capability 126.96.36.199 Cargo & Delivery Aircraft 188.8.131.52.1 Package Pickup and Delivery, Cargo Transport 184.108.40.206 Air Medical Services 220.127.116.11.1 Emergency Medical Services in Remote, Non-Accessible, or Heavy Traffic Areas 18.104.22.168 Passenger Air Vehicle 22.214.171.124.1 Urban Air Mobility - Passenger Travel, Air Taxi 126.96.36.199 Personal Air Vehicle 188.8.131.52.1 One and Two Seater Aircraft for Intracity Travel 184.108.40.206 Combat and Isr 220.127.116.11.1 Military Operations with Autonomous Capabilities 18.104.22.168 Others 22.214.171.124.1 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)