Introduction of the Hydrogen Aircraft Market Report

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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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the Hydrogen Aircraft market include the growing focus of the aviation industry on decarbonization, rising air passenger traffic across the globe, and advantages of hydrogen aircraft over conventional aircraft. Recent technological developments in propulsion systems, fuel cells, enhancing fuel efficiency, cryogenic storage, hydrogen fuel extraction, and aircraft structural design have demonstrated the era of hydrogen-powered aircraft. In addition to that, further improvements are expected as aircraft OEMs are increasingly collaborating or are part of alliances globally that focuses on developing sustainable hydrogen aircraft technology. Moreover, new startups are further propelling the developments in the market as they develop new concepts related to aircraft applications like urban air mobility, surveillance, defense, etc. The rising focus on developing new eco-friendly transportation systems has also motivated the governments and regional unions. For instance, in 2020, the European Union (EU) took the initiative to support these developments in the form of funds in developing the hydrogen aircraft industry ecosystem. Hence, these factors are expected to drive the hydrogen aircraft market size during the forecast period.

Impact of COVID-19 on the Hydrogen Aircraft Market

The COVID-19 pandemic has forced governments all around the globe to focus on medical services. Due to this, the countries are directing most of the capital in the healthcare sector, which is affecting the investments in the hydrogen aircraft sector. Moreover, with its rapid global spread, massive death toll, lockdowns, and border closures, COVID-19 has lowered demand considerably for travel across the globe.

Restraint in the Hydrogen Aircraft Market

However, high costs linked with the production of hydrogen and the requirement of huge investments for approval and certification of hydrogen-based aircraft are major factors restraining the hydrogen aircraft market.

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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 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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Key questions answered in this research report:

• • At what pace is global Hydrogen Aircraft market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Hydrogen Aircraft market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Hydrogen Aircraft market?
  • Which Range generated maximum revenues in 2020 and identify the most promising Range during the forecast period?
  • What are the various Platform areas of global Hydrogen Aircraft market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

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)
    • North America Hydrogen Aircraft Market by Range
    • North America Hydrogen Aircraft Market by Platform
    • North America Hydrogen Aircraft Market by Power Source
    • North America Hydrogen Aircraft Market by Technology
    • North America Hydrogen Aircraft Market by Passenger Capacity
    • US Hydrogen Aircraft Market All-Up
    • Canada Hydrogen Aircraft Market All-Up
  • Europe Hydrogen Aircraft Market (Option 2: As a part of the free 25% customization)
    • Europe Hydrogen Aircraft Market by Range
    • Europe Hydrogen Aircraft Market by Platform
    • Europe Hydrogen Aircraft Market by Power Source
    • Europe Hydrogen Aircraft Market by Technology
    • Europe Hydrogen Aircraft Market by Passenger Capacity
    • UK Hydrogen Aircraft Market All-Up
    • Germany Hydrogen Aircraft Market All-Up
    • France Hydrogen Aircraft Market All-Up
    • Spain Hydrogen Aircraft Market All-Up
    • Rest of Europe Hydrogen Aircraft Market All-Up
  • Asia-Pacific Hydrogen Aircraft Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Hydrogen Aircraft Market by Range
    • Asia-Pacific Hydrogen Aircraft Market by Platform
    • Asia-Pacific Hydrogen Aircraft Market by Power Source
    • Asia-Pacific Hydrogen Aircraft Market by Technology
    • Asia-Pacific Hydrogen Aircraft Market by Passenger Capacity
    • China Hydrogen Aircraft Market All-Up
    • India Hydrogen Aircraft Market All-Up
    • Japan Hydrogen Aircraft Market All-Up
    • Rest of APAC Hydrogen Aircraft Market All-Up
  • RoW Hydrogen Aircraft Market (Option 4: As a part of the free 25% customization)
    • RoW Hydrogen Aircraft Market by Range
    • RoW Hydrogen Aircraft Market by Platform
    • RoW Hydrogen Aircraft Market by Power Source
    • RoW Hydrogen Aircraft Market by Technology
    • RoW Hydrogen Aircraft Market by Passenger Capacity
    • Brazil Hydrogen Aircraft Market All-Up
    • South Africa Hydrogen Aircraft Market All-Up
    • Saudi Arabia Hydrogen Aircraft Market All-Up
    • UAE Hydrogen Aircraft Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Hydrogen Aircraft 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