Hydrogen Aircraft Market

Hydrogen Aircraft Market Overview

A hydrogen aircraft is an aircraft that utilizes hydrogen (liquid or gas) as a fuel. Hydrogen energy can be employed in two ways, it can either be burned in a jet engine, or it can be used to power a fuel cell to produce electricity for the propeller of the aircraft. The aviation industry is focusing on developing the technologies to tackle the challenges associated with cost, hydrogen storage, public perceptions for safety.

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Major Hydrogen Aircraft Market Drivers

Increasing use of hydrogen aircraft as an alternative to jet-fuel aircraft, owing to the remarkable benefits including minimum pollution, better safety, and easy fuel availability stands to be a major factor fueling the hydrogen aircraft market share. Growing emphasis and intensified initiatives by the aviation industry to minimize carbon emissions, rising air passenger traffic and ongoing technological advancements, such as the launch of hydrogen fuel cell-based unmanned aerial vehicles (UAVs), air taxis and business jets, are forecast to augment the market growth over the upcoming years. As per the International Civil Aviation Organization’s (ICAO) yearly worldwide statistics, total number of commuters carried with flights rose to 4.38 billion in 2019, which was 3.65% more than 2018. In addition, the growing emphasis of the aviation industry on decarbonization and the development of green hydrogen ecosystem, strategic government initiatives toward hydrogen powered aircraft, and increasing infrastructural development for hydrogen will offer enormous opportunities to the market. For instance, in 2020, the European Union’s initiative to encourage these developments in the form of funds to develop the hydrogen aircraft industry ecosystem. However, high costs associated with the production of hydrogen and the increasing investments required for approval and certification of hydrogen-based aircraft will impede the hydrogen aircraft market size.

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Power Source – Segment Analysis

Based on the Power Source, the Hydrogen Fuel Cell segment is expected to grow at a higher CAGR during the forecast period. This segment is emerging as a high-potential technology that provides significant energy efficiency and decarbonization benefits to the aviation industry. Moreover, unlike batteries that need to be recharged, fuel cell technology can continue to produce electricity as long as a hydrogen fuel source is provided. Individual fuel cells can be assembled to form larger systems offering the facility to generate more power, thereby allowing scalability. A single fuel cell can generate enough voltage that can be helpful to power small applications, while assembled fuel cells can be combined to create large-scale, multi-megawatt installations. As there are no moving parts, these are silent and highly reliable.

Passenger Capacity – Segment Analysis

Based on the Passenger Capacity, Up to 4 Passengers segment is expected to grow at a higher CAGR during the forecast period. Aviation plays a vital role in bringing people together, connecting metro cities as well as remote locations. It also assures businesses can grow and develop in remote places. For instance, the hydrogen aircraft HY4 is the world’s first four-seater passenger aircraft that flies purely electrically with fuel cells. This new way of flying is what it takes to change mobility in the long term..

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Regional – Segment Analysis:

Based on the region, the Europe region is projected to dominate the market during the forecast period. Major countries in this region are the UK, Netherlands, Germany, France, and Russia. The ATI Programme illustrates a joint government and industry investment worth USD 5.3 billion to operate and grow UK’s competitive position in civil aerospace. The UK government has also funded this program to the H2GEAR program, which focuses on building hydrogen aircraft and is led by key companies like GKN Aerospace. Hence, Europe is expected to account for high hydrogen aircraft market share during the forecast period for the regional segment.

Top Market Players

Various notable players operating in the market include Airbus S.A.S., AeroVironment, Inc., GKN Aerospace Services Limited, AeroDelft, Urban Aeronautics, Ltd., HyPoint Inc, HES Energy Systems, Honeywell International Inc., ZeroAvia, Inc., Tupolev PJSC, among others. 

Key Developments:

• • In 2021, AeroDelft introduced the latest prototype for the unmanned Phoenix PT aircraft that is expected to be powered by liquid hydrogen. The aircraft is expected to have a maximum range of 500 kilometers and could fly for seven hours.
  • In 2021, Urban Aeronautics Ltd. Entered into an agreement to offer four CityHawk VTOL aircraft to Hatzolah Air for emergency medical service (EMS) applications. The company also declared that Hatzolah Air will become Urban Aeronautics’ official sales representative and distribution channel to other EMS and rescue organizations worldwide.
  • In 2021, AeroDelft announced the latest prototype for the unmanned Phoenix PT aircraft that is expected to be fueled by liquid hydrogen. The aircraft will have a maximum range of 500 km and could travel for seven hours.
  • In 2021, Urban Aeronautics, Ltd. signed an agreement to supply four CityHawk VTOL aircraft to Hatzolah Air for emergency medical service (EMS) applications. The company also stated that Hatzolah Air would become Urban Aeronautics’ official sales representative and distribution channel to other EMS and rescue organizations worldwide.
  • In 2020, Airbus S.A.S. unveiled the development of three concept aircraft that are expected to run on hydrogen fuel. The aircraft would be operational by 2035.

Segments covered in the Report:

The global Hydrogen Aircraft market has been segmented on the basis of Range, Platform, Power Source, Technology, Passenger Capacity and regions. Based on Range, the market is segmented into Up to 20 km, 20 km to 100 km and More than 100 km. Based on Platform, the market is segmented into Unmanned Aerial Vehicles, Air Taxis and Business Jets. Based on Power Source, the market is segmented into Hydrogen Combustion and Hydrogen Fuel Cell. Based on Technology the market is segmented into Fully Hydrogen-Powered Aircraft and Hybrid Electric Aircraft. Based on Passenger Capacity, the market is segmented into Up to 4 Passengers, 5 to 10 Passengers and More than 10 Passengers. 

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Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Range, By Platform, By Power Source, By Technology, By Passenger Capacity, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Airbus S.A.S., AeroVironment, Inc., GKN Aerospace Services Limited, AeroDelft, Urban Aeronautics, Ltd., HyPoint Inc, HES Energy Systems, Honeywell International Inc., ZeroAvia, Inc., Tupolev PJSC, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Hydrogen Aircraft Market by Range

• • Up to 20 km
  • 20 km to 100 km
  • More than 100 km

Global Hydrogen Aircraft Market by Platform

• • Unmanned Aerial Vehicles
  • Air Taxis
  • Business Jets

Global Hydrogen Aircraft Market by Power Source

• • Hydrogen Combustion
  • Hydrogen Fuel Cell

Global Hydrogen Aircraft Market by Technology

• • Fully Hydrogen-Powered Aircraft
  • Hybrid Electric Aircraft

Global Hydrogen Aircraft Market by Passenger Capacity

• • Up to 4 Passengers
  • 5 to 10 Passengers
  • More than 10 Passengers

Global Hydrogen Aircraft Market by Region

• • North America Hydrogen Aircraft Market (Option 1: As a part of the free 25% customization)

    • By Range
    • By Platform
    • By Power Source
    • By Technology
    • By Passenger Capacity
    • US Market All-Up
    • Canada Market All-Up

  • Europe Hydrogen Aircraft Market (Option 2: As a part of the free 25% customization)

    • By Range
    • By Platform
    • By Power Source
    • By Technology
    • By Passenger Capacity
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Hydrogen Aircraft Market (Option 3: As a part of the free 25% customization)

    • By Range
    • By Platform
    • By Power Source
    • By Technology
    • By Passenger Capacity
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Hydrogen Aircraft Market (Option 4: As a part of the free 25% customization)

    • By Range
    • By Platform
    • By Power Source
    • By Technology
    • By Passenger Capacity
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Hydrogen Aircraft (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Airbus S.A.S.
  • AeroVironment, Inc.
  • GKN Aerospace Services Limited
  • AeroDelft
  • Urban Aeronautics, Ltd.
  • HyPoint Inc
  • HES Energy Systems
  • Honeywell International Inc.
  • ZeroAvia, Inc.
  • Tupolev PJSC