Global Hydrogen Aircraft Market Overview:
Hydrogen Aircraft use hydrogen as a power source. Hydrogen can be used as a fuel in two ways; either it can be burned or it can be used to produce electricity to propel the engine. The main advantage hydrogen offers are it removes carbon dioxide emission entirely if a second method is used. Also, relative to batteries, it has superior higher energy density both in gravimetric and volumetric terms. Some of the players profiled in the study are AeroDelft (Netherlands), AeroVironment, Inc. (United States), Airbus (Netherlands), Alaka’i Technologies (United States), HES Energy Systems (Singapore), PJSC Tupolev (Russia), The Boeing Company (United States), Urban Aeronautics Ltd (Israel) and ZeroAvia, Inc. (United States).
On the basis of geography, the market of Hydrogen Aircraft has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Range, the sub-segment i.e. Short Range will boost the Hydrogen Aircraft market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Engine, the sub-segment i.e. Combustion Engine will boost the Hydrogen Aircraft market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Demand for Hydrogen Aircraft to Decrease the Carbon Footprint
- Increasing Demand for Hydrogen Aircraft as According to Research they Are Supposed to Be Safer
- Increasing Competition to Make Hydrogen Aircraft as a Flying Taxi
- Emerging Technological Advancements in Hydrogen Aircraft
- Lack of Hydrogen Infrastructure in Fuel Delivery Hindering the Hydrogen Aircraft Market
- Increasing Production of “Green” Hydrogen will Boost the Hydrogen Aircraft Market
- Rising Investment to Manufacture Hydrogen
- A Complete Redesign Would Be Necessary for the Airplanes to Use Hydrogen as a Fuel
- Reduction in Price of Green Hydrogen is Necessary to Compel More Players in the Market
Key Market Developments:
In Jan 2021, Urban Aeronautics, an Israeli airplane manufacturer announced that it has reached an agreement to provide four of its CityHawk VTOL aircraft to Hatzolah Air for emergency medical services. CityHawk is a lightweight, twin-engine vertical take-off and landing aircraft which can be used in urban transportation. It will utilize a jet propulsion engine. The aircraft is supposed to larger than comparable helicopters and a lot quieter.
The hydrogen Aircraft market is yet to prove itself as a viable option against conventional, oil-powered aircraft. Manufacturers in this place not only have to prove that hydrogen aircraft is the future but also have to invest in eco-friendly methods of extracting hydrogen and then create their own demand. The market is not expected to catch pace until after 2040.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Hydrogen Aircraft Manufacturers, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Hydrogen Aircraft market on the basis of product [Passenger Aircraft, Defense Aircraft and Drone] , application [Goods Transport, Passenger Transport and Military Vehicle], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Hydrogen Aircraft market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Hydrogen Aircraft industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Hydrogen Aircraft market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.