The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Historic Market Growth

• Market Growth: The zero-emission aircraft market has seen rapid expansion in recent years.
• Market Size: It grew from $20.82 billion in 2023 to $24.5 billion in 2024, with a CAGR of 17.7%.
• Growth Drivers:
  • Environmental regulations
  • Advancements in electric propulsion
  • Increased concerns about climate change
  • Public awareness and pressure
  • Demonstration projects

Future Market Projections

• Expected Growth: The market is anticipated to grow to $44.01 billion by 2028, with a CAGR of 15.8%.
• Future Growth Drivers:
  • Market demand for sustainable travel
  • Government funding for green aviation
  • Transition to urban air mobility
  • Global air travel recovery
  • Standardization of regulations
  • Emergence of sustainable aviation fuels

View More On The Zero-Emission Aircraft Market Report 2024 – https://www.thebusinessresearchcompany.com/report/zero-emission-aircraft-global-market-report

Major Trends in the Forecast Period

• Key Trends:
  • Technological innovation in aerospace
  • Evolution of battery technologies
  • Hybrid-electric aircraft solutions
  • Hydrogen-powered aircraft
  • Zero-emission regional aviation
  • Technological collaboration

Elevating Aviation Sustainability

Stringent Emission Regulations Driving Growth

• Emission Regulations: Increasingly strict emission regulations are propelling the market forward.
• Zero-Emission Propulsion: Hydrogen-powered engines produce no emissions during operation.
• Regulatory Examples:
  • In 2021, the U.S. Environmental Protection Agency (EPA) implemented its first federal policy to regulate greenhouse gas emissions from commercial aircraft.
  • The International Civil Aviation Organization (ICAO) aims to reduce CO2 emissions from aviation by 2% per year from 2020 and achieve carbon-neutral growth by 2050.

Major Companies in the Market

• Key Players:
  • 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.
  • Faradair Aerospace Limited
  • Beta Technologies

Revolutionizing Aviation

Eviation Aircraft’s ‘Alice’

• Electric Aircraft: Electric aircraft technologies are gaining popularity.
• Alice: Launched by Eviation Aircraft in September 2022, Alice is a groundbreaking all-electric passenger aircraft.
  • Specifications: It can carry nine passengers and fly for up to two hours with just 30 minutes of charging.
  • Impact: Alice represents a significant step towards more sustainable and environmentally-friendly air travel.

Textron Inc.’s Acquisition of Pipistrel

• Acquisition Details: In April 2022, Textron Inc. acquired Pipistrel d.o.o for $240 million.
• Strategic Move: Pipistrel became part of Textron’s new business sector, Textron eAviation.
• Focus: Textron eAviation aims to develop a family of sustainable aircraft for civic air mobility.
• Pipistrel’s Role: Specializes in electric aircraft, focusing on sustainable flight.

Market Segmentation

By Type

• Turboprop Rear Bulkhead
• Turbofan System
• Blended Wing Body

By Source

• Hydrogen
• Electric
• Solar

By Range

• Short-Haul
• Medium-Haul
• Long-Haul

By Technology

• Electric Motor Technology
• Fuel Cell Technology
• Hydrogen Fuel Storage
• Power Management And Distribution Technology
• Other Technology

By Application

• Passenger Aircraft
• Cargo Aircraft

Regional Insights

• Largest Region: Europe was the largest region in the zero-emission aircraft market in 2023.

The zero-emission aircraft market is poised for substantial growth, driven by technological advancements, stringent emission regulations, and a growing demand for sustainable air travel solutions. As the industry continues to innovate, companies are launching groundbreaking aircraft and acquiring key players to strengthen their positions in this rapidly evolving market.

Request A Sample Of The Global Zero-Emission Aircraft Market Report 2024:
https://www.thebusinessresearchcompany.com/sample_request?id=10329&type=smp

The Zero-Emission Aircraft Global Market Report 2024  provides comprehensive insights on the zero-emission aircraft market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the zero-emission aircraft market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Zero Turn Mowers Global Market Report 2024
Zero Emission Vehicle Global Market Report 2024
Commercial Aircraft Global Market Report 2024
 

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model