PUBLISHER: The Business Research Company | PRODUCT CODE: 1650447
PUBLISHER: The Business Research Company | PRODUCT CODE: 1650447
Hydrogen aircraft utilize hydrogen fuel to propel an airplane, employing hydrogen energy in two distinct ways. The hydrogen may either be consumed in a jet engine or another internal combustion engine, or it can power a propeller through a fuel cell. These aircraft have hydrogen fuel tanks integrated into the fuselage for storage.
The primary technologies of hydrogen aircraft encompass fully hydrogen-powered aircraft, hybrid electric aircraft, hydrogen fuel cell aircraft, and liquid hydrogen aircraft. A fully hydrogen-powered aircraft solely relies on hydrogen as its power source, resulting in zero carbon emissions during flight. The power sources for hydrogen aircraft include hydrogen combustion and hydrogen fuel cells. These aircraft find applications in air taxis, business jets, and unmanned aerial vehicles, with ranges categorized as 20 km to 100 km, more than 100 km, and up to 20 km.
The hydrogen aircraft market research report is one of a series of new reports from The Business Research Company that provides hydrogen aircraft market statistics, including hydrogen aircraft industry global market size, regional shares, competitors with a hydrogen aircraft market share, detailed hydrogen aircraft market segments, market trends and opportunities, and any further data you may need to thrive in the hydrogen aircraft industry. This hydrogen aircraft market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The hydrogen aircraft market size has grown exponentially in recent years. It will grow from $1.73 billion in 2024 to $2.18 billion in 2025 at a compound annual growth rate (CAGR) of 25.8%. The growth in the historic period can be attributed to environmental regulations, government initiatives, rise in air passenger traffic, rise in aerospace spending.
The hydrogen aircraft market size is expected to see exponential growth in the next few years. It will grow to $4.83 billion in 2029 at a compound annual growth rate (CAGR) of 22.0%. The growth in the forecast period can be attributed to increasing demand for unmanned aerial vehicles, growing demand for sustainable aviation fuel, increasing demand for domestic travel, emerging market growth. Major trends in the forecast period include increased investment in research and development, hydrogen hybridization, sustainability certifications, collaboration and partnerships.
The growth of the hydrogen aircraft market is expected to be propelled by an increase in global air passenger traffic. As the number of passengers continues to rise, leading to an increased number of flights, there is a growing concern about pollution resulting from the emissions of harmful gases by aircraft. In response to this environmental challenge, hydrogen-based aircraft emerge as a cleaner option. According to the International Air Transport Association (IATA) passenger data for March 2022, there was a 76% increase in total air traffic compared to March 2021, measured in revenue passenger kilometers (RPKs). This surge in aviation activity is anticipated to drive the hydrogen aircraft market.
Government initiatives aimed at adopting clean fuel are also playing a significant role in driving the hydrogen aircraft market. The use of clean fuel not only contributes to reducing air pollution but also promotes a healthier environment and lowers greenhouse gas emissions for a more sustainable future. Government initiatives worldwide encourage the adoption of clean hydrogen fuel in aircraft, supporting advancements in sustainable aviation technology. For instance, in February 2022, the government of Russia announced two energy initiatives, 'Clean Energy' and 'New Nuclear Energy,' aligning with the country's strategic development objectives and promoting the use of clean fuel in various sectors, including aviation.
The emergence of unmanned aircraft powered by hydrogen is a significant trend in the hydrogen aircraft market. Unmanned aerial vehicles (UAVs) are aircraft that operate without a human pilot or passengers. Often referred to as "drones," UAVs can be fully or partially automated but are typically controlled remotely by a human operator. Numerous companies are focusing on the development of unmanned aircraft utilizing hydrogen as a sustainable fuel source. For instance, in January 2022, Drone Works, a Japanese drone manufacturer, collaborated with H3 Dynamics, a Singapore-based air mobility technology firm, to create a hydrogen-powered drone. H3 Dynamics' Aerostak hydrogen fuel cell system features a specialized proton-exchange membrane (PEM) fuel cell stack, control electronics, lightweight enclosures with integrated air conditioning fans, and a lithium-ion polymer (LiPo)-compatible hybrid electronic board. This lightweight hydrogen-powered drone is capable of flying for longer durations than those powered by lithium batteries.
Major companies in the hydrogen aircraft market are concentrating on forming strategic partnerships to boost revenues in the industry. These partnerships allow hydrogen aircraft companies to tap into essential resources, technology, and expertise, promoting innovation and sustainable growth within the aviation sector. For example, in August 2023, ZeroAvia, a UK-based hydrogen-electric aviation firm, teamed up with Masdar, a UAE-based company, to investigate hydrogen production and supply for clean flight operations in North America and Europe. This collaboration seeks to advance hydrogen-powered commercial flights, underscoring the potential for zero-emission aviation.
In April 2022, Textron Inc., a prominent American industrial conglomerate, acquired Pipistrel, a Slovenian-based lightweight aircraft manufacturer, for an undisclosed amount. This strategic acquisition provides Pipistrel with access to additional resources, technical expertise, regulatory experience, and a global aircraft sales and support network. The acquisition is expected to expedite the development and certification of electric and hybrid-electric aircraft by Pipistrel.
Major companies operating in the hydrogen aircraft market include Aerodelft, Airbus SE, Apus Group, Doosan Mobility Innovation, Boeing Company, ZeroAvia Inc., HES Energy Systems Pte. Ltd., Universal Hydrogen Co., Pipistrel d.o.o Ajdovscina, GKN Aerospace Ltd., Reaction Engines Ltd., Embraer SA, Ravn X, Alaka'i Technologies Co., SkyDrive Inc., HyPoint Inc., Faradair AeroSpace Ltd., Element One Inc., Rolls-Royce Plc, Terrafugia Corp., Groupe ADP, FlyEco Pvt. Ltd., H2FLY GmbH, Pipistrel Aircraft d.o.o
North America was the largest region in the hydrogen aircraft market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the hydrogen aircraft market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the hydrogen aircraft market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The hydrogen aircraft market consists of sales of hydrogen aircraft components including storage system, fuel cell and motor. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Hydrogen Aircraft Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on hydrogen aircraft market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for hydrogen aircraft ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The hydrogen aircraft market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.