Market Overview: Global Hydrogen Aircraft Market
MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Global Hydrogen Aircraft Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.
Hydrogen Aircraft Market Insights 2022-27
the Global Hydrogen Aircraft Market is projected to grow at a CAGR of around 27.5% during the forecast period, 2022-27.
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Top Players in the Hydrogen Aircraft Market:
- Airbus SE
- Alaka’i Technologies
- Pipistrel Aircraft
- Tupolev PJSC
- Urban Aeronautics Ltd.
- ZeroAvia, INC.
- Honeywell International Inc.
- Hydrogenics
- Aerovironment Inc.
- Flyka
- HyPoint Inc.
- Doosan Corporation
- Apus Group
- Intelligent Energy
- Universal Hydrogen
Segmentation Analysis of Hydrogen Aircraft Market
Hydrogen Aircraft Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2022-27, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
-By Platform
- UAV
- Business Jets
- Air Taxis
Of them all, UAVs (Unmanned Aerial Vehicles), particularly drones, are projected to observe extensive application operational feasibility across different verticals in the coming years. With hydrogen fuel cells, drones might fly for like 3 hours also for missions like surveillance inspection for a longer duration. Additionally, due to the low mass higher energy density of hydrogen, the demand for UAVs like drones is likely to increase significantly and drive the global market in the coming years.
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-By Fuel Type
- Hydrogen Combustion
- Hydrogen Fuel Cell
-By Technology
- Fully Hydrogen Powered Aircraft
- Hybrid Electric Aircraft
-By Range
- Up to 20 Km
- 20-100 Km
- More than 100 Km
-By Passenger Capacity
- Up to 4
- 5 to 10
- More than 10
A Comprehensive Geographical Analysis:
-By Region
- North America
- Europe
- Asia-Pacific
North America is projected to display sizeable growth for the hydrogen aircraft market in the coming years owing to the increasing investments for developing commercial hydrogen aircraft. Back in 2008, Boeing launched their first hydrogen-powered aircraft to test the feasibility of hydrogen fuel and promote a shift of the aviation sector toward zero-carbon.
Besides, in 2021, Universal Hydrogen began testing hydrogen-powered aircraft with fuel cells in passenger jets. The company received funding of USD 20.5 million in the same year toward developing its first product, lightweight modular capsules, for the transportation of "green hydrogen," to be available for varied Vertical Take-off Landing platforms.
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