Global Hydrogen Aircraft Market Size, Forecasts, And Opportunities – Includes Hydrogen Aircraft Market Share
Learn about the global hydrogen aircraft market through The Business Research Company, which provides information on hydrogen aircraft market size, hydrogen aircraft market drivers and restraints, hydrogen aircraft market players, the COVID-19 impact on the hydrogen aircraft market, and more.
The global hydrogen aircraft market is expected to grow from $0.92 billion in 2021 to $1.09 billion in 2022 at a compound annual growth rate (CAGR) of 19.13%. The global hydrogen aircraft market size is expected to grow to $2.63 billion in 2026 at a compound annual growth rate (CAGR) of 24.60%.
An increase in air passenger traffic across the globe is expected to propel the growth of the hydrogen aircraft market.
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The hydrogen aircraft market consists of sales of hydrogen aircraft by entities (organizations, sole traders, and partnerships) that use hydrogen fuel to run an airplane. A hydrogen airplane may use hydrogen energy in two different ways. Hydrogen may be consumed in a jet engine or another internal combustion engine, or it can be utilized to power a propeller using a fuel cell. Hydrogen-powered planes have hydrogen fuel tanks built into the fuselage to store fuel.
Global Hydrogen Aircraft Market Segments Include:
By Technology: Fully Hydrogen Powered Aircraft, Hybrid Electric Aircraft, Hydrogen Fuel Cell Aircraft, Liquid Hydrogen Aircraft
By Power Source: Hydrogen Combustion, Hydrogen Fuel Cell
By Range: 20 Km to 100 Km, More Than 100 Km, Up to 20 Km
By Platform: Air Taxis, Business Jets, Unmanned Aerial Vehicles
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global hydrogen aircraft market in 2021.
The development of unmanned aircraft powered by hydrogen is a key trend in the hydrogen aircraft market. Unmanned aerial vehicles (UAVs) are aircraft that do not have a human pilot or passengers. UAVs, sometimes known as “drones,” can be totally or partially automated, but they are generally piloted remotely by a human. Many companies are moving towards developing unmanned aircraft powered by hydrogen as a sustainable fuel source.
TBRC’s Hydrogen Aircraft Market Report Covers:
Major Market Players: Aerodelft, Aerovironment Inc., Airbus SE, Apus Group, Doosan Mobility Innovation, The Boeing Company, Gkn Aerospace, Hes Energy Systems, Honeywell International Inc., Hypoint Inc., Pipistrel d.o.o Ajdovšcina, Plug Power Inc., HyPoint, Zeroavia Inc., HES Energy Systems, Universal Hydrogen, and Raytheon Technologies Corporation.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Hydrogen Aircraft Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides hydrogen aircraft market overviews, analyzes and forecasts market size, share, hydrogen aircraft market players, hydrogen aircraft market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s hydrogen aircraft market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Here Is A List Of Similar Reports From The Business Research Company:
Hydrogen Fuel Cells Global Market Report 2022
Hydrogen Energy Storage Global Market Report 2022
Hydrogen Global Market Report 2022
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