Zero Emission Aircraft Market - By Aircraft Type (Battery Electric Aircraft, Hydrogen Fuel Cell Aircraft, Hybrid Electric Aircraft, Solar Electric Aircraft), By Type, By Capacity, By End Use & Forecast, 2024

Description

List of Tables

Zero Emission Aircraft Market size is set to grow at over 13% CAGR from 2024 to 2032 fueled by the surge in sustainability initiatives across the aviation industry. Heightened environmental awareness and the global commitment to reduce carbon emissions are driving several airlines and manufacturers to invest in zero-emission aircraft technologies. For instance, in September 2023, EasyJet, Airbus, and engine supplier Rolls-Royce established a new Hydrogen in Aviation partnership to accelerate the delivery of zero-carbon flights, particularly for short-haul travel.

Additionally, airlines are increasingly integrating zero-emission aircraft into their fleets as a strategic response to meet the sustainability goals and cater to environmentally conscious travelers. Supportive policies, subsidies, and initiatives by several governments and organizations worldwide are encouraging research, development, and adoption of zero-emission aircraft, further boosting the market expansion. To cite an instance, in May 2023, Boeing made the Boeing Cascade Climate Impact Model available to the public, to facilitate the transition of commercial aircraft to net zero carbon emissions.

The zero emission aircraft industry is segmented into aircraft type, type, capacity, end-use, and region.

Based on aircraft type, the market share from the hybrid electric aircraft segment is projected to gain significant traction from 2024-2032. Hybrid electric propulsion systems, combining traditional aviation engines with electric technologies, offer a transitional step towards fully zero-emission flight. Due to enhanced fuel efficiency, reduced emissions, and mitigated environmental impact, these systems garner rising demand from both manufacturers and airlines. The growing incorporation of hybrid solutions for addressing concerns about the limited range and infrastructure challenges associated with fully electric aircraft will also add to the product preference across the aviation industry.

In terms of end use, the zero emission aircraft market from the commercial segment witnessed high demand in 2023 and is estimated to generate substantial revenue by the end of 2032. Heightened environmental concerns and the growing emphasis on sustainable aviation practices are prompting commercial airlines to invest in zero-emission aircraft technologies. The demand for electric and hydrogen-powered commercial aircraft is escalating owing to the increasing implementation of stringent emission regulations. Additionally, airlines are recognizing the imperative to reduce carbon footprints, enhance operational efficiency, and meet the evolving passenger expectations for environmentally responsible travel, supporting the segment growth.

Regionally, the Asia Pacific zero emission aircraft market held a sizable revenue share in 2023 and is set to exhibit robust growth through 2032, driven by escalating environmental concerns, stringent emission regulations, and the pursuit of sustainable aviation solutions. Major countries, including China and India are investing heavily in zero-emission aircraft technologies. Additionally, the influx of government initiatives coupled with the increased corporate focus on eco-friendly aviation are expected to augment the regional industry outlook.

Product Code: 7634

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Zero emission aircraft market 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Regional trends
2.4 Aircraft type trends
2.5 Type trends
2.6 Capacity trends
2.7 End-use trends

Chapter 3 Zero Emission Aircraft Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Component suppliers
- 3.2.2 Manufacturers
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
- 3.6.1 Partnership/Collaboration
- 3.6.2 Merger/Acquisition
- 3.6.3 Investment
- 3.6.4 Launch & innovation
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Surge in environmental regulations and increasing focus on sustainability goals.
  - 3.8.1.2 Rapid advancements in battery and propulsion technologies
  - 3.8.1.3 Increasing government support and funding
  - 3.8.1.4 Growing demand for Sustainable Aviation Fuels (SAFs)
- 3.8.2 Industry pitfalls & challenges
  - 3.8.2.1 High cost associated with ZEA technologies.
  - 3.8.2.2 Technical challenges in developing and commercializing ZEA technologies
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share, 2023
4.3 Competitive analysis of major market players, 2023
4.4 Competitive positioning matrix, 2023
4.5 Strategic outlook matrix, 2023

Chapter 5 Zero Emission Aircraft Market Estimates & Forecast, By Aircraft Type (Revenue)

5.1 Key trends, by aircraft type
5.2 Battery electric aircraft
5.3 Hydrogen fuel cell aircraft
5.4 Hybrid electric aircraft
5.5 Solar electric aircraft

Chapter 6 Zero Emission Aircraft Market Estimates & Forecast, By Type (Revenue)

6.1 Key trends, by type
6.2 Turboprop
6.3 Turbofan System
6.4 Blended-wing body (BWB)
6.5 Fully electrical concept

Chapter 7 Zero Emission Aircraft Market Estimates & Forecast, By Capacity (Revenue)

7.1 Key trends, by capacity
7.2 9 to 30
7.3 31 to 60
7.4 61 to 100
7.5 101 to 150
7.6 more than 150

Chapter 8 Zero Emission Aircraft Market Estimates & Forecast, By End-use (Revenue)

8.1 Key trends, by end-use
8.2 Commercial
8.3 Military
8.4 General

Chapter 9 Zero Emission Aircraft Market Estimates & Forecast, By Region (Revenue)

9.1 Key trends, by region
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 Germany
- 9.3.2 U.K.
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Russia
- 9.3.6 Spain
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Thailand
- 9.4.6 Indonesia
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
9.6 MEA
- 9.6.1 UAE
- 9.6.2 South Africa
- 9.6.3 Turkey

Chapter 10 Company Profiles

10.1 AERODELFT
10.2 Airbus
10.3 Ampaire Inc.
10.4 Aurora Flight Sciences (The Boeing Company)
10.5 Avinor AS
10.6 BETA Technologies, Inc.
10.7 Blue Origin Federation, LLC
10.8 BYE AEROSPACE
10.9 Equator Aircraft AS
10.10 Evektor, spol. s r. o.
10.11 Eviation Aircraft
10.12 Heart Aerospace
10.13 HES Energy Systems
10.14 Joby Aviation
10.15 Lilium
10.16 Lockheed Martin Corporation
10.17 PIPISTREL D.O.O.
10.18 Rolls-Royce plc
10.19 Wright Electric
10.20 ZeroAvia, Inc.