Hydrogen Aircraft Market Insights, Analysis Report On Basis of Application, Service, Location & Scope

The global hydrogen aircraft market was USD 143 million in 2020 and is projected to reach USD 7,427 million by 2030, at a CAGR of 28.9% from 2025 to 2030. Recent technological advancements in propulsion systems, fuel cells, improving fuel efficiency, cryogenic storage, hydrogen fuel extraction, and aircraft structural design specifically for hydrogen powered aircraft have defined the era of hydrogen powered aircraft. Further improvements are expected as aircraft OEMs are increasingly collaborating or are part of alliances globally that aim to develop sustainable hydrogen aircraft technology. New start-ups are further propelling the developments in the market as they develop new concepts related to aircraft applications such as urban air mobility, surveillance, defense, etc.

The increasing emphasis on developing new eco-friendly transportation systems has also prompted the governments and regional unions such as the European Union (EU) to support these developments in the form of funds or assistance in developing the hydrogen aircraft industry ecosystem.

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aircraft is a concept that uses hydrogen fuel either in the form hydrogen fuel cell or direct combustion for the propulsion of aircraft. The industry is relatively new in the aerospace sector and is in the developmental stage. The market is not consolidated and as of now none of the major players have a monopoly over the newly developing market.

This increasing emphasis on developing eco-friendly modes of transportation is evident by the fact that there is an international level of co-operation in achieving this goal. According to a white paper published by TU Delft (University) in Netherlands, International Civil Aviation Organization (ICAO) has set two aspirational goals: one is fuel efficiency improvement of 2% per year and second, carbon-neutral growth of aviation market from 2020 onwards so that net carbon emissions due to aviation stay level from 2020 onwards. This is will directly benefit, hydrogen-powered, electric-powered and hybrid electric aircraft alternatives.

Based on power source, the hydrogen aircraft market is segmented into hydrogen combustion based and hydrogen fuel cell based. Hydrogen combustion-based aircraft use hydrogen directly in a modified gas turbine and are like jet-fuel based gas turbines. Hydrogen fuel cell-based aircraft use hydrogen fuel to enable a chemical reaction in the fuel cells which generates electric current that propels the aircraft. The hydrogen fuel cell segment dominates the market as hydrogen fuel cells are widely commercialized and can be easily sourced.

Based on passenger capacity, the hydrogen aircraft market has been segmented into up to 4 passengers, 5 to 10 passengers, and more than 10 passengers. The up to 4 passengers segment leads the market. It is because the unmanned hydrogen aircraft lead the market currently which means that the aircraft carries no passengers.

Based on range, the hydrogen aircraft market is segmented into up to 20 km, 20 km to 100 km, and more than 100 km. the up to 20 km segment dominates the market. This is because the hydrogen aircraft market is dominated by UAVs, surveillance drones, etc. that do not need to travel long distances.

Based on the platform, the hydrogen aircraft market has been segmented into unmanned aerial vehicles, air taxis, and business jets. The unmanned aerial vehicles segment is expected to dominate the market. This is due to the fact that the hydrogen aircraft market is still in the developing stage and unmanned aircraft like drones and other unmanned military and surveillance aircraft make an overwhelmingly large proportion of the market.

Based on technology, the hydrogen aircraft market is segmented into fully hydrogen powered aircraft and hybrid electric aircraft. The fully hydrogen powered aircraft uses hydrogen fuel as the sole power source while the hybrid electric aircraft uses both, hydrogen and batteries as power source. The market is currently dominated by hybrid electric aircraft. This is because the fully hydrogen powered aircraft are in developing stage and hydrogen fuel cells are already commercialized in automotive sector which makes their adoption in Aerospace and Defence feasible.

Based on region, the hydrogen aircraft market is segmented into North America, Europe, Asia Pacific, and Rest of the World. North America dominated the market with Europe and Asia Pacific also making up a significant proportion of the overall market.

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