Hydrogen Aircraft Market by Power Source (Hydrogen Combustion, Hydrogen Fuel Cell), Platform (Unmanned Aerial Vehicles, Air Taxis, and Business Jets), Range, Passenger Capacity, Technology, and Region (2020-2030)
[183 Pages Report] The hydrogen aircraft market is estimated to be USD 143 billion in 2020 and is projected to grow from USD 7,427 million by 2030, at a CAGR of 28.9% from 2025 to 2030. Some of the major factors driving this market include the increasing focus of the aviation industry on decarbonization, increasing air passenger traffic across the globe, and advantages of hydrogen aircraft over conventional aircraft.
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Hydrogen Aircraft MarketDynamics:
Driver: Focus of the aviation industry on decarbonization
The largest advantage that hydrogen aircraft offer is the lack of harmful emissions, as the only by-product of hydrogen combustion or fuel cells is H20 (water). According to Air Transport Action Group (ATAG), global emissions due to aviation were approximately 915 million tons CO2, which accounted for 2% global human-induced emissions and 12% due to all forms of transportation. Various countries, particularly those in the European Union (EU) such as Germany, UK, France, etc. are undertaking efforts to curb emissions and are indirectly promoting the use of hydrogen aircraft for aviation. This is evident from examples such as the grants given to the H2GEAR programme by the UK government. The H2GEAR programme aims to manufacture small hydrogen run aircraft for commercial purposes with major companies such as GKN Aerospace leading the program.
Opportunity:Development of fuel cell technologies in the aviation industry
- Development and research in hydrogen fuel cells is expected to enable feasibility in the adoption of hydrogen fuel cells for the aviation sector. There is an increasing focus on the development of fuel cells by both, the public and private sectors.
- For example, in June 2022, Event 38, a US-based maker of mapping drones, announced the successful test flight of one of its E400 UAVs modified to run on a hydrogen cell. This is the first step toward deploying the cleaner and more effective technology compared to batteries or gas power.There has been increasing attention on the development of hydrogen fuel cells. For instance, Airbus, a major aviation company that plans to introduce its commercial hydrogen aircraft by 2035, recently partnered with ElringKlinger, a company with over 20 years of experience as both, a fuel cell system and component supplier. The purpose of the partnership is to focus on the developments in hydrogen fuel cells.
Challenge:Storage of hydrogen fuel in aircraft
Storage of hydrogen in aircraft, as well as automobiles, is a major challenge. The major challenges faced in the storage of hydrogen are:
- Weight and Volume: The weight and volume of hydrogen storage systems are presently too high, leading to a lower vehicle range. Materials and components are needed that allow compact, lightweight, hydrogen storage systems to enable longer range conventional aircraft.
- Efficiency: Energy efficiency is a challenge for all hydrogen storage approaches. Life cycle energy efficiency is a challenge for chemical hydride storage in which the byproduct is regenerated offboard. In addition, the energy required for compression and liquefaction needs to be considered for the compressed and liquid hydrogen technologies.
- Durability: The durability of hydrogen storage systems is inadequate. Materials and components are needed that enable hydrogen storage systems with a lifetime of 1,500 cycles.
- Refueling Time: The refueling time required is too long. There is a need to develop hydrogen storage systems with refueling times of less than three minutes over the lifetime of the system.
- Cost: The cost of onboard hydrogen storage systems is too high, particularly in comparison with conventional storage systems for petroleum fuels. Low-cost materials and components for hydrogen storage systems are needed, as well as low-cost, high-volume manufacturing methods.
- Codes and Standards: Applicable codes and standards for hydrogen storage systems and interface technologies that are expected to facilitate implementation/commercialization and ensure safety and public acceptance have not been even established in countries such as the US.
During the forecast period, the hydrogen fuel cellis projected to grow at the highest CAGR
The hydrogen aircraft market is divided into two categories based on power source:hydrogen combustion and hydrogen fuel cell. The growth of the hydrogen fuel cell market is increasing due to the rising demand for fuel cell electric vehicles such as advanced air mobility.
During the forecast period, the up to 4 passengers isestimated to grow at the highest CAGR
The hydrogen aircraft market is divided into three categories based on passenger capacity: up to 4 passengers, 5 to 10 passengers, and more than 10 passengers. Owing to the development of the various hydrogen powered aircraft prototype the up to 4 passengers is expected to grow at a higher CAGR.
During the forecast period, the upto 20 km segment is expected to account for the largest market size
The hydrogen aircraft market is divided into three segments based on range: up to 20 km, 20 km to 100 km, and more than 100 km. In 2020, it is expected that the upto 20 km segment would be the largest. The aircraft's range is influenced by a number of parameters, including its aircraft type, payload capacity fuel capacity, and others.
North America: “North American region is expected to have the largest share in 2020
North America has a share of 36.6% of the hydrogen powered aircraft market in 2020. This region accounts to have the largest share of the global market in 2020. The countries studied under this region is US and Canada. The growth in this region is due to the entry of major players in the hydrogen aircraft market. Major initiatives for green energy in advanced air mobility is also driving the market in this region.
Hydrogen Aircraft Market Ecosystem
Key Market Players
Key Players in the hydrogen powered aircraft market Airbus SE (Netherlands), Urban Aeronautics Ltd (Israel), GKN Aerospace (UK), ZeroAvia Inc (US) and HES Energy Systems (Singapore). These players areindustry majors and have largely benefitted from their well-recognized brands, a wide range of products, and strong distribution capabilities in the hydrogen aircraft market. These companies have well-equipped strong distribution networks across the North American, European and Asia Pacific.
Hydrogen Aircraft Market Size and Scope
|
Report Metric |
Details |
|
Market size available for years |
2020–2030 |
|
Forecast Period |
2021–2030 |
|
Forecast Units |
Value (USD Million) |
|
Segments Covered |
By Range, Platform, Power Source, Technology, and Passenger Capacity |
|
Base Year considered |
2020 |
This study categorizes the Hydrogen Aircraft Market based on the following segments and subsegments:
Hydrogen Aircraft Market, By Range
- Up to 20 km
- 20 km to 100 km
- More than 100 km
Hydrogen Aircraft Market, By Platform
- Unmanned Aerial Vehicles
- Air Taxis
- Business Jets
Hydrogen Aircraft Market, By Power Source
- Hydrogen Combustion
- Hydrogen Fuel Cell
Hydrogen Aircraft Market, By Technology
- Fully Hydrogen-Powered Aircraft
- Hybrid Electric Aircraft
Hydrogen Aircraft Market, By Passenger Capacity
- Up to 4 Passengers
- 5 to 10 Passengers
- More than 10 Passengers
Hydrogen Aircraft Market, By Region
- North America
- Europe
- Asia Pacific
- Rest of the World
Recent Developments
- In May 2022, In Filton UK, Airbus has decided to establish a facility to create hydrogen fuel systems for use in aircraft. The ZEDC (Zero Emission Development Centre) will concentrate on creating a cryogenic fuel system that can be cost effective and be used in Airbus' ZEROe passenger aircraft, which is anticipated to enter service in 2035.
- In March 2022, In a joint venture with Gloyer-Taylor Laboratories (GTL), HyPoint has announced that it will receive carbon composite liquid hydrogen fuel tanks from GTL which will be integrated with its own hydrogen fuel cell technology.
- In February 2022, Airbus and CFM International announced that they will work together on testing a hydrogen-fueled engine on A380 aircraft. The companies will work together with the goal of conducting the first tests in the middle of 2022. This demonstration might pave the way for an aircraft thatwill transport people while emitting no carbon dioxide which is expected to enter the market by 2035.
- In March 2022, Airbus and Delta Air Lines have signed a Memorandum of Understanding (MoU) to work together on hydrogen-powered aircraft development. The company will collaborate with Airbus on the development of hydrogen aircraft, making it the first US-based airline to do so.By 2035, Airbus plans to introduce a hydrogen-powered aircraft into service.
Frequently Asked Questions (FAQs):
What is the current size of the hydrogen aircraft market?
The hydrogen aircraft market is estimated to be USD 143 million in 2020 and is projected to reach USD 7,427 million by 2030, at a CAGR of 28.9% from 2020 to 2030.
Who are the winners in the hydrogen aircraftmarket?
GKN Aerospace (UK), Airbus SE (Netherlands), Urban Aeronautics Ltd (Israel), ZeroAvia Inc (US) and HES Energy Systems (Singapore)are some of the winners in the market.
What are some of the technological advancements in the market?
Some of the technological advancements in the hydrogen aircraft market are the development ofhydrogen fuel cell and hydrogen combustion The increased advancemets in hydrogen fuel cells technology offerspotential benefits such as significant energy efficiency and decarbonization to a wide range of industries including automotive and heavy transport.
What are the factors driving the growth of the market?
The fators driving the growth of this market are aviation industry’s focus on decarbonization, Increasing air passenger traffic across the globe, need for alternative and sustainable fuel energy, advantages of hydrogen powered aircraft over conventional aircraft and also due to the increasing price of fuel.
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 20)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
FIGURE 1 MARKETS COVERED
1.3.1 REGIONAL SCOPE
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
TABLE 1 USD EXCHANGE RATES
1.5 LIMITATIONS
1.6 MARKET STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 24)
2.1 RESEARCH DATA
2.1.1 RESEARCH FLOW
FIGURE 2 RESEARCH DESIGN
2.2 RESEARCH DATA
2.2.1 SECONDARY DATA
2.2.1.1 Key data from secondary sources
2.2.2 PRIMARY DATA
2.2.2.1 Key data from primary sources
2.2.2.2 Breakdown of primaries
2.3 FACTOR ANALYSIS
2.3.1 INTRODUCTION
2.3.2 DEMAND-SIDE ANALYSIS
2.3.2.1 Focus of the aviation industry on decarbonization
2.3.3 SUPPLY-SIDE ANALYSIS
2.3.3.1 Advantages of hydrogen aircraft over conventional aircraft
2.4 MARKET DEFINITION AND SCOPE
2.5 SEGMENTS AND SUBSEGMENTS
2.6 MARKET-SIZE ESTIMATION
2.6.1 BOTTOM-UP APPROACH
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.6.2 TOP-DOWN APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.7 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 5 DATA TRIANGULATION
2.8 GROWTH RATE ASSUMPTIONS
2.9 RESEARCH ASSUMPTIONS AND LIMITATIONS
2.9.1 ASSUMPTIONS
2.9.2 RISKS IMPACT ANALYSIS
2.9.3 LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 36)
FIGURE 6 HYDROGEN FUEL CELL SEGMENT PROJECTED TO LEAD HYDROGEN AIRCRAFT MARKET BY POWER SOURCE
FIGURE 7 MORE THAN 10 PASSENGERS SEGMENT PROJECTED TO ACCOUNT FOR LARGEST SHARE OF HYDROGEN AIRCRAFT MARKET BY PASSENGER CAPACITY IN 2030
FIGURE 8 UP TO 20 KM SEGMENT PROJECTED TO LEAD THE HYDROGEN AIRCRAFT MARKET BY RANGE DURING THE FORECAST PERIOD
FIGURE 9 UNMANNED AERIAL VEHICLES SEGMENT PROJECTED TO LEAD HYDROGEN AIRCRAFT BY PLATFORM MARKET DURING THE FORECAST PERIOD
FIGURE 10 HYBRID ELECTRIC AIRCRAFT SEGMENT PROJECTED TO LEAD HYDROGEN AIRCRAFT MARKET BY TECHNOLOGY DURING THE FORECAST PERIOD
FIGURE 11 NORTH AMERICA ACCOUNTED FOR THE LARGEST SHARE OF THE HYDROGEN AIRCRAFT MARKET BY REGION FOR 2020
4 PREMIUM INSIGHTS (Page No. - 40)
4.1 ATTRACTIVE OPPORTUNITIES IN THE HYDROGEN AIRCRAFT MARKET
FIGURE 12 RISING FOCUS OF AVIATION INDUSTRY ON DECARBONIZATION IS EXPECTED TO DRIVE THE HYDROGEN AIRCRAFT MARKET
4.2 HYDROGEN AIRCRAFT MARKET, BY PLATFORM
FIGURE 13 UNMANNED AERIAL VEHICLES SEGMENT PROJECTED TO DOMINATE HYDROGEN AIRCRAFT MARKET DURING THE FORECAST PERIOD
4.3 HYDROGEN AIRCRAFT MARKET, BY POWER SOURCE
FIGURE 14 HYDROGEN FUEL CELL SEGMENT PROJECTED TO LEAD THE HYDROGEN AIRCRAFT MARKET DURING THE FORECAST PERIOD
4.4 HYDROGEN AIRCRAFT MARKET, BY COUNTRY
FIGURE 15 HYDROGEN AIRCRAFT MARKET IN THE UK IS PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 43)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 16 HYDROGEN AIRCRAFT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES & CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Focus of the aviation industry on decarbonization
5.2.1.2 Increasing air passenger traffic across the globe
5.2.1.3 Advantages of hydrogen aircraft over conventional aircraft
5.2.1.4 Hydrogen offers alternative air transportation solutions
5.2.2 RESTRAINTS
5.2.2.1 High costs associated with the production of hydrogen
FIGURE 17 HYDROGEN AIRCRAFT MARKET: HYDROGEN GENERATION COSTS BY METHODS OF GENERATION
5.2.3 OPPORTUNITIES
5.2.3.1 Development of fuel cell technologies in the aviation industry
5.2.3.2 Focus of governments on the development of hydrogen aircraft
5.2.4 CHALLENGES
5.2.4.1 Retrofitting existing aircraft into hydrogen aircraft
5.2.4.2 Storage of hydrogen fuel in aircraft
5.2.4.3 Sustainable hydrogen production for aircraft
5.3 RANGE/SCENARIOS
FIGURE 18 IMPACT OF COVID-19 ON THE HYDROGEN AIRCRAFT MARKET: GLOBAL SCENARIO
5.4 IMPACT OF COVID-19 ON HYDROGEN AIRCRAFT MARKET
5.5 TRENDS/DISRUPTION IMPACTING CUSTOMERS’ BUSINESS
5.5.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR HYDROGEN AIRCRAFT MARKET
5.6 SELLING PRICE ANALYSIS
TABLE 2 AVERAGE SELLING PRICE OF HYDROGEN POWERED PLATFORM 2025, USD THOUSAND
5.7 HYDROGEN AIRCRAFT MARKET ECOSYSTEM
5.7.1 PROMINENT COMPANIES
5.7.2 PRIVATE AND SMALL ENTERPRISES
5.7.3 END USERS
TABLE 3 HYDROGEN AIRCRAFT MARKET: MARKET ECOSYSTEM
5.8 VALUE CHAIN ANALYSIS
5.9 USE CASES
5.9.1 HYDROGEN: A FUTURE FUEL FOR AVIATION
5.9.2 SCIENTISTS LEADING THE WAY IN NEW-GENERATION CLEANER AIR TRAVEL
5.9.3 FRANCE’S COMMITMENT FOR HYDROGEN DEPLOYMENT ACCORDING TO ITS NATIONAL ENERGY AND CLIMATE PLAN (NECP)
5.9.4 FUEL CELLS FOR NON‑PROPULSION APPLICATIONS
5.10 TARIFF REGULATORY LANDSCAPE FOR HYDROGEN PRODUCTION
5.10.1 SINGAPORE:
5.10.2 UAE
5.10.3 UK:
5.10.4 FRANCE:
5.10.5 US:
5.10.6 CALIFORNIA
5.11 TECHNOLOGY ANALYSIS
5.11.1 FUEL CELL TECHNOLOGY
5.12 PORTER’S FIVE FORCES ANALYSIS
FIGURE 19 INTENSITY OF COMPETITIVE RIVALRY IS LOW IN THE HYDROGEN AIRCRAFT MARKET
6 INDUSTRY TRENDS (Page No. - 62)
6.1 INTRODUCTION
6.2 EXPECTED TECHNOLOGY ROADMAP OF THE AVIATION INDUSTRY FOR THE FUTURE
FIGURE 20 TECHNOLOGY ROADMAP OF THE AVIATION INDUSTRY
6.3 DEVELOPMENTS IN HYDROGEN AIRCRAFT
6.4 TECHNOLOGICAL ADVANCEMENTS IN THE AVIATION INDUSTRY
6.4.1 ARTIFICIAL INTELLIGENCE
6.4.2 BIG DATA ANALYTICS
6.4.3 INTERNET OF THINGS (IOT)
6.5 TECHNOLOGY TRENDS IN THE HYDROGEN AIRCRAFT MARKET
6.5.1 HYDROGEN COMBUSTION
6.5.2 HYDROGEN FUEL CELL
6.6 IMPACT OF MEGATRENDS
6.7 INNOVATIONS AND PATENT REGISTRATIONS, 2004 - 2016
TABLE 5 INNOVATIONS AND PATENT REGISTRATIONS
7 HYDROGEN AIRCRAFT MARKET, BY POWER SOURCE (Page No. - 67)
7.1 INTRODUCTION
FIGURE 21 HYDROGEN AIRCRAFT MARKET, BY POWER SOURCE, 2020–2030 (USD MILLION) *
TABLE 6 HYDROGEN AIRCRAFT MARKET, BY POWER SOURCE, 2020–2024 (USD MILLION)
TABLE 7 HYDROGEN AIRCRAFT MARKET, BY POWER SOURCE, 2025–2030 (USD MILLION)
TABLE 8 HYDROGEN AIRCRAFT MARKET FOR POWER SOURCE, BY REGION, 2020–2024 (USD MILLION)
TABLE 9 HYDROGEN AIRCRAFT MARKET FOR POWER SOURCE, BY REGION, 2025–2030 (USD MILLION)
7.2 HYDROGEN COMBUSTION
7.3 HYDROGEN FUEL CELL
8 HYDROGEN AIRCRAFT MARKET, BY PASSENGER CAPACITY (Page No. - 71)
8.1 INTRODUCTION
FIGURE 22 UP TO 4 PASSENGERS SEGMENT OF HYDROGEN AIRCRAFT MARKET TO GROW AT HIGHEST CAGR, 2020-2030
TABLE 10 HYDROGEN AIRCRAFT MARKET SIZE, BY PASSENGER CAPACITY, 2020-2024 (USD MILLION)
TABLE 11 HYDROGEN AIRCRAFT MARKET SIZE, BY PASSENGER CAPACITY, 2025-2030 (USD MILLION)
TABLE 12 HYDROGEN AIRCRAFT MARKET FOR PASSENGER CAPACITY, BY REGION, 2020–2024 (USD MILLION)
TABLE 13 HYDROGEN AIRCRAFT MARKET FOR PASSENGER CAPACITY, BY REGION, 2025–2030 (USD MILLION)
8.2 UP TO 4 PASSENGERS
8.3 5 TO 10 PASSENGERS
8.4 MORE THAN 10 PASSENGERS
9 HYDROGEN AIRCRAFT MARKET, BY RANGE (Page No. - 75)
9.1 INTRODUCTION
FIGURE 23 HYDROGEN AIRCRAFT MARKET, BY RANGE, 2020–2030 (USD MILLION)
TABLE 14 HYDROGEN AIRCRAFT MARKET, BY RANGE, 2020–2024 (USD MILLION)
TABLE 15 HYDROGEN AIRCRAFT MARKET, BY RANGE, 2025–2030 (USD MILLION)
TABLE 16 HYDROGEN AIRCRAFT MARKET FOR RANGE, BY REGION, 2020–2024 (USD MILLION)
TABLE 17 HYDROGEN AIRCRAFT MARKET FOR RANGE CAPACITY, BY REGION, 2025–2030 (USD MILLION)
9.2 UP TO 20 KM
9.3 20 KM TO 100 KM
9.4 MORE THAN 100 KM
10 HYDROGEN AIRCRAFT MARKET, BY PLATFORM (Page No. - 79)
10.1 INTRODUCTION
FIGURE 24 AIR TAXIS SEGMENT OF THE HYDROGEN AIRCRAFT MARKET TO GROW AT THE HIGHEST CAGR, 2025-2030
TABLE 18 HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2020-2024 (USD MILLION)
TABLE 19 HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2025-2030 (USD MILLION)
TABLE 20 HYDROGEN AIRCRAFT MARKET FOR PLATFORM, BY REGION, 2020–2024 (USD MILLION)
TABLE 21 HYDROGEN AIRCRAFT MARKET FOR PLATFORM, BY REGION, 2025–2030 (USD MILLION)
10.2 UNMANNED AERIAL VEHICLES
10.3 AIR TAXIS
10.4 BUSINESS JETS
11 HYDROGEN AIRCRAFT MARKET, BY TECHNOLOGY (Page No. - 83)
11.1 INTRODUCTION
FIGURE 25 HYBRID ELECTRIC AIRCRAFT SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGER SHARE OF THE HYDROGEN AIRCRAFT MARKET IN 2030
TABLE 22 HYDROGEN AIRCRAFT MARKET SIZE, BY TECHNOLOGY, 2020-2024 (USD MILLION)
TABLE 23 HYDROGEN AIRCRAFT MARKET SIZE, BY TECHNOLOGY, 2025-2030 (USD MILLION)
11.2 FULLY HYDROGEN POWERED AIRCRAFT
11.2.1 LIQUID HYDROGEN AIRCRAFT
11.2.2 HYDROGEN FUEL CELL AIRCRAFT
11.3 HYBRID ELECTRIC AIRCRAFT
12 HYDROGEN AIRCRAFT MARKET, BY REGION (Page No. - 86)
12.1 INTRODUCTION
FIGURE 26 NORTH AMERICA ACCOUNTED FOR THE LARGEST SHARE OF THE HYDROGEN AIRCRAFT MARKET IN 2020
TABLE 24 HYDROGEN AIRCRAFT MARKET SIZE, BY REGION, 2020-2024 (USD MILLION)
TABLE 25 HYDROGEN AIRCRAFT MARKET SIZE, BY REGION, 2025-2030 (USD MILLION)
12.2 NORTH AMERICA
12.2.1 PESTLE ANALYSIS: NORTH AMERICA
FIGURE 27 NORTH AMERICA HYDROGEN AIRCRAFT MARKET SNAPSHOT
TABLE 26 NORTH AMERICA: HYDROGEN AIRCRAFT MARKET SIZE, BY POWER SOURCE, 2020-2024 (USD MILLION)
TABLE 27 NORTH AMERICA: HYDROGEN AIRCRAFT MARKET SIZE, BY POWER SOURCE, 2025-2030 (USD MILLION)
TABLE 28 NORTH AMERICA: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2020-2024 (USD MILLION)
TABLE 29 NORTH AMERICA: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2025-2030 (USD MILLION)
TABLE 30 NORTH AMERICA: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2020-2024 (USD MILLION)
TABLE 31 NORTH AMERICA: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2025-2030 (USD MILLION)
TABLE 32 NORTH AMERICA: HYDROGEN AIRCRAFT MARKET SIZE, BY PASSENGER CAPACITY, 2020-2024 (USD MILLION)
TABLE 33 NORTH AMERICA: HYDROGEN AIRCRAFT MARKET SIZE, BY PASSENGER CAPACITY, 2025-2030 (USD MILLION)
TABLE 34 NORTH AMERICA: HYDROGEN AIRCRAFT MARKET SIZE, BY COUNTRY, 2020-2024 (USD MILLION)
TABLE 35 NORTH AMERICA: HYDROGEN AIRCRAFT MARKET SIZE, BY COUNTRY, 2025-2030 (USD MILLION)
12.2.2 US
12.2.2.1 Entry of major US companies in the hydrogen aircraft or related markets
TABLE 36 US: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2020-2024 (USD MILLION)
TABLE 37 US: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2025-2030 (USD MILLION)
TABLE 38 US: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2020-2024 (USD MILLION)
TABLE 39 US: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2025-2030 (USD MILLION)
12.2.3 CANADA
12.2.3.1 Launch of major initiatives in advanced air mobility
TABLE 40 CANADA: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2020-2024 (USD MILLION)
TABLE 41 CANADA: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2025-2030 (USD MILLION)
TABLE 42 CANADA: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2020-2024 (USD MILLION)
TABLE 43 CANADA: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2025-2030 (USD MILLION)
12.3 EUROPE
12.3.1 PESTLE ANALYSIS: EUROPE
FIGURE 28 EUROPE HYDROGEN AIRCRAFT MARKET SNAPSHOT
TABLE 44 EUROPE: HYDROGEN AIRCRAFT MARKET SIZE, BY POWER SOURCE, 2020-2024 (USD MILLION)
TABLE 45 EUROPE: HYDROGEN AIRCRAFT MARKET SIZE, BY POWER SOURCE, 2025-2030 (USD MILLION)
TABLE 46 EUROPE: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2020-2024 (USD MILLION)
TABLE 47 EUROPE: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2025-2030 (USD MILLION)
TABLE 48 EUROPE: HYDROGEN AIRCRAFT MARKET SIZE, BY PASSENGER CAPACITY, 2020-2024 (USD MILLION)
TABLE 49 EUROPE: HYDROGEN AIRCRAFT MARKET SIZE, BY PASSENGER CAPACITY, 2025-2030 (USD MILLION)
TABLE 50 EUROPE: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2020-2024 (USD MILLION)
TABLE 51 EUROPE: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2025-2030 (USD MILLION)
TABLE 52 EUROPE: HYDROGEN AIRCRAFT MARKET SIZE, BY COUNTRY, 2020-2024 (USD MILLION)
TABLE 53 EUROPE: HYDROGEN AIRCRAFT MARKET SIZE, BY COUNTRY, 2025-2030 (USD MILLION)
12.3.2 UK
12.3.2.1 Aircraft development funding by government
TABLE 54 UK: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2020-2024 (USD MILLION)
TABLE 55 UK: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2025-2030 (USD MILLION)
TABLE 56 UK: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2020-2024 (USD MILLION)
TABLE 57 UK: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2025-2030 (USD MILLION)
12.3.3 GERMANY
12.3.3.1 Government strategy to source hydrogen sustainably
TABLE 58 GERMANY: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2020-2024 (USD MILLION)
TABLE 59 GERMANY: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2025-2030 (USD MILLION)
TABLE 60 GERMANY: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2020-2024 (USD MILLION)
TABLE 61 GERMANY: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2025-2030 (USD MILLION)
12.3.4 FRANCE
12.3.4.1 Government initiatives to boost hydrogen production
TABLE 62 FRANCE: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2020-2024 (USD MILLION)
TABLE 63 FRANCE: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2025-2030 (USD MILLION)
TABLE 64 FRANCE: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2020-2024 (USD MILLION)
TABLE 65 FRANCE: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2025-2030 (USD MILLION)
12.3.5 RUSSIA
12.3.5.1 Russia aiming to lead export of hydrogen
TABLE 66 RUSSIA: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2020-2024 (USD MILLION)
TABLE 67 RUSSIA: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2025-2030 (USD MILLION)
TABLE 68 RUSSIA: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2020-2024 (USD MILLION)
TABLE 69 RUSSIA: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2025-2030 (USD MILLION)
12.3.6 NETHERLANDS
12.3.6.1 Hydrogen aircraft development initiatives at grassroot levels
TABLE 70 NETHERLANDS: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2020-2024 (USD MILLION)
TABLE 71 NETHERLANDS: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2025-2030 (USD MILLION)
TABLE 72 NETHERLANDS: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2020-2024 (USD MILLION)
TABLE 73 NETHERLANDS: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2025-2030 (USD MILLION)
12.4 ASIA PACIFIC
12.4.1 PESTLE ANALYSIS: ASIA PACIFIC
FIGURE 29 ASIA PACIFIC HYDROGEN AIRCRAFT MARKET SNAPSHOT
TABLE 74 ASIA PACIFIC: HYDROGEN AIRCRAFT MARKET SIZE, BY POWER SOURCE, 2020-2024 (USD MILLION)
TABLE 75 ASIA PACIFIC: HYDROGEN AIRCRAFT MARKET SIZE, BY POWER SOURCE, 2025-2030 (USD MILLION)
TABLE 76 ASIA PACIFIC: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2020-2024 (USD MILLION)
TABLE 77 ASIA PACIFIC: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2025-2030 (USD MILLION)
TABLE 78 ASIA PACIFIC: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2020-2024 (USD MILLION)
TABLE 79 ASIA PACIFIC: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2025-2030 (USD MILLION)
TABLE 80 ASIA PACIFIC: HYDROGEN AIRCRAFT MARKET SIZE, BY PASSENGER CAPACITY, 2020-2024 (USD MILLION)
TABLE 81 ASIA PACIFIC: HYDROGEN AIRCRAFT MARKET SIZE, BY PASSENGER CAPACITY, 2025-2030 (USD MILLION)
TABLE 82 ASIA PACIFIC: HYDROGEN AIRCRAFT MARKET SIZE, BY COUNTRY, 2020-2024 (USD MILLION)
TABLE 83 ASIA PACIFIC: HYDROGEN AIRCRAFT MARKET SIZE, BY COUNTRY, 2025-2030 (USD MILLION)
12.4.2 CHINA
12.4.2.1 Increased collaborative activities by companies
TABLE 84 CHINA: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2020-2024 (USD MILLION)
TABLE 85 CHINA: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2025-2030 (USD MILLION)
TABLE 86 CHINA: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2020-2024 (USD MILLION)
TABLE 87 CHINA: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2025-2030 (USD MILLION)
12.4.3 JAPAN
12.4.3.1 Anticipated government funding to reduce greenhouse gas emissions
TABLE 88 JAPAN: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2020-2024 (USD MILLION)
TABLE 89 JAPAN: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2025-2030 (USD MILLION)
TABLE 90 JAPAN: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2020-2024 (USD MILLION)
TABLE 91 JAPAN: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2025-2030 (USD MILLION)
12.4.4 INDIA
12.4.4.1 Government sponsored research & development in the hydrogen technology
TABLE 92 INDIA: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2020-2024 (USD MILLION)
TABLE 93 INDIA: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2025-2030 (USD MILLION)
TABLE 94 INDIA: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2020-2024 (USD MILLION)
TABLE 95 INDIA: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2025-2030 (USD MILLION)
12.4.5 SOUTH KOREA
12.4.5.1 Entry of major players in the hydrogen market and government development programs
TABLE 96 SOUTH KOREA: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2020-2024 (USD MILLION)
TABLE 97 SOUTH KOREA: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2025-2030 (USD MILLION)
TABLE 98 SOUTH KOREA: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2020-2024 (USD MILLION)
TABLE 99 SOUTH KOREA: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2025-2030 (USD MILLION)
12.4.6 SINGAPORE
12.4.6.1 Major alliance undertaken to consolidate the hydrogen value chain
TABLE 100 SINGAPORE: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2020-2024 (USD MILLION)
TABLE 101 SINGAPORE: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2025-2030 (USD MILLION)
TABLE 102 SINGAPORE: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2020-2024 (USD MILLION)
TABLE 103 SINGAPORE: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2025-2030 (USD MILLION)
12.5 REST OF THE WORLD
12.5.1 PESTLE ANALYSIS: REST OF THE WORLD
FIGURE 30 REST OF THE WORLD HYDROGEN AIRCRAFT MARKET SNAPSHOT
TABLE 104 REST OF THE WORLD: HYDROGEN AIRCRAFT MARKET SIZE, BY POWER SOURCE, 2020-2024 (USD MILLION)
TABLE 105 REST OF THE WORLD: HYDROGEN AIRCRAFT MARKET SIZE, BY POWER SOURCE, 2025-2030 (USD MILLION)
TABLE 106 REST OF THE WORLD: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2020-2024 (USD MILLION)
TABLE 107 REST OF THE WORLD: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2025-2030 (USD MILLION)
TABLE 108 REST OF THE WORLD: HYDROGEN AIRCRAFT MARKET SIZE, BY PASSENGER CAPACITY, 2020-2024 (USD MILLION)
TABLE 109 REST OF THE WORLD: HYDROGEN AIRCRAFT MARKET SIZE, BY PASSENGER CAPACITY, 2025-2030 (USD MILLION)
TABLE 110 REST OF THE WORLD: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2020-2024 (USD MILLION)
TABLE 111 REST OF THE WORLD: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2025-2030 (USD MILLION)
TABLE 112 REST OF THE WORLD: HYDROGEN AIRCRAFT MARKET SIZE, BY REGION, 2020-2024 (USD MILLION)
TABLE 113 REST OF THE WORLD: HYDROGEN AIRCRAFT MARKET SIZE, BY REGION, 2025-2030 (USD MILLION)
12.5.2 MIDDLE EAST & AFRICA
12.5.2.1 New startups in the region
TABLE 114 MIDDLE EAST & AFRICA: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2020-2024 (USD MILLION)
TABLE 115 MIDDLE EAST & AFRICA: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2025-2030 (USD MILLION)
TABLE 116 MIDDLE EAST & AFRICA: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2020-2024 (USD MILLION)
TABLE 117 MIDDLE EAST & AFRICA: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2025-2030 (USD MILLION)
12.5.3 LATIN AMERICA
TABLE 118 LATIN AMERICA: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2020-2024 (USD MILLION)
TABLE 119 LATIN AMERICA: HYDROGEN AIRCRAFT MARKET SIZE, BY PLATFORM, 2025-2030 (USD MILLION)
TABLE 120 LATIN AMERICA: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2020-2024 (USD MILLION)
TABLE 121 LATIN AMERICA: HYDROGEN AIRCRAFT MARKET SIZE, BY RANGE, 2025-2030 (USD MILLION)
13 COMPETITIVE LANDSCAPE (Page No. - 126)
13.1 INTRODUCTION
13.2 RANKING OF LEADING PLAYERS, 2020
FIGURE 31 MARKET RANKING OF LEADING PLAYERS IN THE HYDROGEN AIRCRAFT MARKET, 2020
13.3 MARKET SHARE ANALYSIS OF LEADING PLAYERS, 2020
13.4 COMPETITIVE OVERVIEW
TABLE 122 KEY DEVELOPMENTS BY LEADING PLAYERS IN THE HYDROGEN AIRCRAFT MARKET BETWEEN 2017 AND 2020
13.5 COMPANY PRODUCT FOOTPRINT ANALYSIS
TABLE 123 COMPANY PRODUCT FOOTPRINT
TABLE 124 COMPANY APPLICATION FOOTPRINT
TABLE 125 COMPANY INDUSTRY FOOTPRINT
TABLE 126 COMPANY REGION FOOTPRINT
13.6 COMPANY EVALUATION QUADRANT
13.6.1 STAR
13.6.2 EMERGING LEADER
13.6.3 PERVASIVE
13.6.4 PARTICIPANT
FIGURE 32 HYDROGEN AIRCRAFT MARKET COMPETITIVE LEADERSHIP MAPPING, 2020
13.7 HYDROGEN AIRCRAFT MARKET COMPETITIVE LEADERSHIP MAPPING (STARTUPS)
13.7.1 PROGRESSIVE COMPANIES
13.7.2 RESPONSIVE COMPANIES
13.7.3 DYNAMIC COMPANIES
13.7.4 STARTING BLOCKS
FIGURE 33 HYDROGEN AIRCRAFT MARKET (STARTUPS) COMPETITIVE LEADERSHIP MAPPING, 2020
13.8 COMPETITIVE SCENARIO
13.8.1 MERGERS & ACQUISITIONS
TABLE 127 MERGERS & ACQUISITIONS, 2019-2020
13.8.2 NEW PRODUCT LAUNCHES
TABLE 128 NEW PRODUCT LAUNCHES, 2018-2021
13.8.3 CONTRACTS, PARTNERSHIPS & AGREEMENTS
TABLE 129 CONTRACTS, PARTNERSHIPS & AGREEMENTS, 2019-2021
13.8.4 COLLABORATIONS & EXPANSIONS
TABLE 130 COLLABORATIONS & EXPANSIONS, 2019-2021
14 COMPANY PROFILES (Page No. - 139)
14.1 KEY PLAYERS
(Business Overview, Products & Solutions, Key Insights, Recent Developments, MnM View)*
14.1.1 AIRBUS SE
FIGURE 34 AIRBUS SE: COMPANY SNAPSHOT
TABLE 131 AIRBUS SE: BUSINESS OVERVIEW
14.1.2 AEROVIRONMENT INC.
FIGURE 35 AEROVIRONMENT INC.: COMPANY SNAPSHOT
TABLE 132 AEROVIRONMENT INC.: BUSINESS OVERVIEW
14.1.3 AERODELFT
TABLE 133 AERODELFT: BUSINESS OVERVIEW
14.1.4 SKAI (UNDER ALAKA’I TECHNOLOGIES)
TABLE 134 SKAI: BUSINESS OVERVIEW
14.1.5 HES ENERGY SYSTEMS
TABLE 135 HES ENERGY SYSTEMS: BUSINESS OVERVIEW
14.1.6 PIPISTREL D.O.O
TABLE 136 PIPISTREL D.O.O: BUSINESS OVERVIEW
14.1.7 URBAN AERONAUTICS LTD.
TABLE 137 URBAN AERONAUTICS LTD.: BUSINESS OVERVIEW
14.1.8 ZEROAVIA INC.
TABLE 138 ZEROAVIA INC.: BUSINESS OVERVIEW
14.1.9 GKN AEROSPACE (UNDER MELROSE INDUSTRIES PLC.)
FIGURE 36 GKN AEROSPACE: COMPANY SNAPSHOT
TABLE 139 GKN AEROSPACE: BUSINESS OVERVIEW
14.1.10 FLYKA
TABLE 140 FLYKA: BUSINESS OVERVIEW
14.1.11 APUS GROUP
TABLE 141 APUS GROUP: BUSINESS OVERVIEW
14.2 OTHER PLAYERS
14.2.1 HYPOINT INC.
TABLE 142 HYPOINT INC.: BUSINESS OVERVIEW
14.2.2 HONEYWELL INTERNATIONAL INC.
FIGURE 37 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 143 HONEYWELL INTERNATIONAL INC: BUSINESS OVERVIEW
14.2.3 INTELLIGENT ENERGY HOLDINGS
TABLE 144 INTELLIGENT ENERGY HOLDINGS: BUSINESS OVERVIEW
14.2.4 PLUG POWER INC.
FIGURE 38 PLUG POWER INC.: COMPANY SNAPSHOT
TABLE 145 PLUG POWER INC.: BUSINESS OVERVIEW
14.2.5 DOOSAN MOBILITY INNOVATION
TABLE 146 DOOSAN MOBILITY INNOVATION: BUSINESS OVERVIEW
14.2.6 SHANGHAI PEARL HYDROGEN ENERGY TECHNOLOGY CO. LTD.
TABLE 147 SHANGHAI PEARL HYDROGEN ENERGY TECHNOLOGY CO., LTD.: BUSINESS OVERVIEW
*Details on Business Overview, Products & Solutions, Key Insights, Recent Developments, MnM View might not be captured in case of unlisted companies.
15 HYDROGEN AIRCRAFT ADJACENT MARKETS (Page No. - 169)
15.1 AUTONOMOUS AIRCRAFT
15.1.1 MARKET DEFINITION
15.1.2 AUTONOMOUS AIRCRAFT MARKET, BY END USE
FIGURE 39 AUTONOMOUS AIRCRAFT MARKET, BY END USE, 2018 & 2030 (USD MILLION)
TABLE 148 AUTONOMOUS AIRCRAFT MARKET SIZE, BY END USE, 2018–2030 (USD MILLION)
15.1.2.1 Commercial aircraft
15.1.2.1.1 Increasingly autonomous capability
TABLE 149 AUTONOMOUS AIRCRAFT MARKET FOR COMMERCIAL AIRCRAFT, BY REGION, 2016–2030 (USD MILLION)
15.1.2.2 Cargo & delivery aircraft
15.1.2.2.1 Package pickup and delivery, cargo transport
TABLE 150 AUTONOMOUS AIRCRAFT MARKET FOR CARGO & DELIVERY AIRCRAFT, BY REGION, 2016–2030 (USD MILLION)
15.1.2.3 Air medical services
15.1.2.3.1 Emergency medical services in remote, non-accessible, or heavy traffic areas
TABLE 151 AUTONOMOUS AIRCRAFT MARKET FOR AIR MEDICAL SERVICES, BY REGION, 2016–2030 (USD MILLION)
15.1.2.4 Passenger air vehicle
15.1.2.4.1 Urban air mobility – passenger travel, air taxi
TABLE 152 AUTONOMOUS AIRCRAFT MARKET FOR AIR TAXI, BY REGION, 2016–2030 (USD MILLION)
15.1.2.5 Personal air vehicle
15.1.2.5.1 One and two seater aircraft for intracity travel
TABLE 153 AUTONOMOUS AIRCRAFT MARKET FOR PERSONAL AIR VEHICLES, BY REGION, 2016–2030 (USD MILLION)
15.1.2.6 Combat and ISR
15.1.2.6.1 Military operations with autonomous capabilities
TABLE 154 AUTONOMOUS AIRCRAFT MARKET FOR COMBAT AND ISR, BY REGION, 2016–2030 (USD MILLION)
15.1.2.7 Others
15.1.2.7.1 Agriculture, science and research, survey, mapping and photography
TABLE 155 AUTONOMOUS AIRCRAFT MARKET OTHERS, BY REGION, 2016–2030 (USD MILLION)
15.2 URBAN AIR MOBILITY
15.2.1 MARKET DEFINITION
15.2.2 URBAN AIR MOBILITY MARKET, BY RANGE
FIGURE 40 INTRACITY SEGMENT PROJECTED TO LEAD URBAN AIR MOBILITY MARKET FROM 2020 TO 2030
TABLE 156 URBAN AIR MOBILITY MARKET SIZE, BY RANGE, 2017-2019 (USD MILLION)
TABLE 157 URBAN AIR MOBILITY MARKET SIZE, BY RANGE, 2020-2030 (USD MILLION)
15.2.3 INTERCITY (100 KILOMETERS TO 400 KILOMETERS)
15.2.4 INTRACITY (20 KILOMETERS TO 100 KILOMETERS)
16 APPENDIX (Page No. - 176)
16.1 DISCUSSION GUIDE
16.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.3 AVAILABLE CUSTOMIZATION
16.4 RELATED REPORTS
16.5 AUTHOR DETAILS
This research study involved the use of extensive secondary sources, including directories; databases; and information portals such as D&B Hoovers, Bloomberg, BusinessWeek, Factiva, and white papers, to identify and collect relevant information about the hydrogen aircraft market. Primary sources included industry experts, preferred suppliers, manufacturers, solution providers, technology developers, alliances, and organizations related to the industry’s value chain. All primary sources from different categories were interviewed to obtain and verify critical qualitative and quantitative information, as well as assess prospects of the market.
Secondary Research
The market size for hydrogen aircraft was derived from secondary data available through paid and unpaid sources. Secondary sources referred for this research study included corporate filings such as annual reports, investor presentations, and financial statements, and trade, business, and professional associations. In the secondary research process, various sources were referred to identify and collect information for this study. Secondary sources included annual reports, press releases, and companies' investor presentations; white papers and certified publications; articles from recognized authors; manufacturing associations; directories; and databases. Secondary research was mainly used to obtain key information about the industry’s supply chain, the market’s monetary chain, the total pool of key players, market classification, segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both, the market and technology oriented perspectives.
Primary Research
In the primary research process, various sources from both, the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. Extensive primary research was conducted to obtain qualitative and quantitative information such as market statistics, average selling prices, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to range, platform, technology, passenger capacity, power source, and region. Extensive primary research was conducted after obtaining information regarding the hydrogen aircraft market scenario through secondary research. Several primary interviews were conducted with market experts from both, the demand and supply sides across four regions, namely, North America, Europe, Asia Pacific, and Rest of the World. This primary data was obtained through questionnaires, mails, and telephonic interviews. The impact of the COVID-19 pandemic on hydrogen aircraft industry was also discussed with industry experts.
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Market Size Estimation
Both, the top-down and bottom-up approaches were used to estimate and validate the size of the Hydrogen Aircraft market. Figures depicted in the bottom-up approach and top-down approach below offer a representation of the market size estimation process employed for this study on the Hydrogen Aircraft market.
The research methodology used to estimate the market size also included the following details:
- Key players in the market were identified through secondary research, and their market ranking was determined through primary and secondary research. This included a study of annual and financial reports of the top market players and extensive interviews of leaders, including CEOs, project managers, and marketing executives.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, enhanced with detailed inputs, and analyzed by MarketsandMarkets and presented in this report.
Market size estimation methodology: Top- down approach
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Market size estimation methodology: Bottom-up approach
Data triangulation
After arriving at the market size, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process. The data was triangulated by studying various factors and trends from both, the demand and supply sides. Along with this, the market size was validated using both, top-down and bottom-up approaches.
In the top-down approach, the market size of Hydrogen Aircraft market was arrived at by calculating the country-level data. Moreover, in the bottom-up approach, the market size was derived by estimating the revenues of key companies operating in the market and validating the data acquired from primary research.
The following figure indicates the market breakdown structure and the data triangulation procedure implemented in the market engineering process used to develop this report.
Report objectives
- To define, describe, segment, and forecast the size of the Hydrogen Aircraft market based on range, platform, power source, technology, passenger capacity, and region
- To analyze the degree of competition in the market by identifying various parameters, including key market players
- To identify and analyze key drivers, restraints, opportunities, and challenges influencing the Hydrogen Aircraft market
- To forecast the market size of segments, with respect to various regions, including North America, Europe, Asia Pacific, and the rest of the world, along with the major countries/sub-regions in each region
- To strategically profile key market players and comprehensively analyze their market rankings and core competencies1
- To track and analyze competitive developments, such as new product launches, merger & acquisitions, contract, agreement, partnership, collaborations, and expansions & developments of key players in the Hydrogen Aircraft market
- To identify detailed financial positions, key products, unique selling points, and key developments of leading companies in the Hydrogen Aircraft market
- To identify industry trends, market trends, and technology trends currently prevailing in the Hydrogen Aircraft market
- To strategically analyze micromarkets2 with respect to individual technological trends and prospects of the Hydrogen Aircraft market
Available Customizations
Along with the market data, MarketsandMarkets offers customizations in accordance with company-specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of market players (Up to 5)
Country-level Analysis
- Cross Segmentation, subject to data availability
- Market analysis of a few countries in the Middle East and Latin American regions, subject to data availability
Growth opportunities and latent adjacency in Hydrogen Aircraft Market