Aircraft Fuel Cell Market Report: Trends, Forecast and Competitive Analysis to 2030

Aircraft Fuel Cell Trends and Forecast

The future of the global aircraft fuel cell market looks promising with opportunities in the commercial aircraft, military aircraft, business jet, and unmanned aerial vehicle markets. The global aircraft fuel cell market is expected to reach an estimated $3.1 billion by 2030 with a CAGR of 10.6% from 2024 to 2030. The major drivers for this market are increasing demand for sustainable aviation practices, rising prices of conventional aviation fuels, and growing demand for hydrogen based aircraft fuel cells.

A more than 150-page report is developed to help in your business decisions.

Aircraft Fuel Cell by Segment

The study includes a forecast for the global aircraft fuel cell by fuel cell type, technology, aircraft type, application, and region.

Aircraft Fuel Cell Market by Fuel Cell Type [Shipment Analysis by Value from 2018 to 2030]:

• Hydrogen
• Methanol
• Biofuels

Aircraft Fuel Cell Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Proton Exchange Membrane Fuel Cells
• Solid Oxide Fuel Cells
• Molten Carbonate Fuel Cells

Aircraft Fuel Cell Market by Aircraft Type [Shipment Analysis by Value from 2018 to 2030]:

• Commercial Aircraft
• Military Aircraft
• Business Jets
• Unmanned Aerial Vehicles

Aircraft Fuel Cell Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Auxiliary Power Units
• Main Propulsion Systems
• Emergency Power Systems

Aircraft Fuel Cell Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Aircraft Fuel Cell Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies aircraft fuel cell companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the aircraft fuel cell companies profiled in this report include-

• ZeroAvia
• Intelligent Energy
• Piasecki Aircraft
• Doosan Mobility Innovation
• H3 Dynamics

Aircraft Fuel Cell Market Insights

Lucintel forecasts that proton exchange membrane fuel cell is expected to witness highest growth over the forecast period due to its advantages like energy efficiencient, lighter in weight, and have environmental benefits.

Within this market, unmanned aerial vehicle is expected to witness highest growth over the forecast period due to its significant use for a range of tasks, such as surveillance, remote sensing, delivery services, and other things.

APAC is expected to witness highest growth over the forecast period due to growing focus on environmentally friendly aviation practices, growth of urban air mobility, and presence of domestic aircraft manufacturer and supplier in the region.

Features of the Global Aircraft Fuel Cell Market

Market Size Estimates: Aircraft fuel cell market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Aircraft fuel cell market size by various segments, such as by fuel cell type, technology, aircraft type, application, and region in terms of value ($B).

Regional Analysis: Aircraft fuel cell market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different fuel cell types, technologies, aircraft types, applications, and regions for the aircraft fuel cell market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the aircraft fuel cell market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the aircraft fuel cell market size?

Answer: The global aircraft fuel cell market is expected to reach an estimated $3.1 billion by 2030.

Q2. What is the growth forecast for aircraft fuel cell market?

Answer: The global aircraft fuel cell market is expected to grow with a CAGR of 10.6% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the aircraft fuel cell market?

Answer: The major drivers for this market are increasing demand for sustainable aviation practices, rising prices of conventional aviation fuels, and growing demand for hydrogen based aircraft fuel cells.

Q4. What are the major segments for aircraft fuel cell market?

Answer: The future of the aircraft fuel cell market looks promising with opportunities in the commercial aircraft, military aircraft, business jet, and unmanned aerial vehicle markets.

Q5. Who are the key aircraft fuel cell market companies?

Answer: Some of the key aircraft fuel cell companies are as follows:

• ZeroAvia
• Intelligent Energy
• Piasecki Aircraft
• Doosan Mobility Innovation
• H3 Dynamics

Q6. Which aircraft fuel cell market segment will be the largest in future?

Answer: Lucintel forecasts that proton exchange membrane fuel cell is expected to witness highest growth over the forecast period due to its advantages like energy efficiencient, lighter in weight, and have environmental benefits.

Q7. In aircraft fuel cell market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to growing focus on environmentally friendly aviation practices, growth of urban air mobility, and presence of domestic aircraft manufacturer and supplier in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the aircraft fuel cell market by fuel cell type (hydrogen, methanol, and biofuels), technology (proton exchange membrane fuel cells, solid oxide fuel cells, and molten carbonate fuel cells), aircraft type (commercial aircraft, military aircraft, business jets, and unmanned aerial vehicles), application (auxiliary power units, main propulsion systems, and emergency power systems), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?