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Hydrogen Aircraft Market Share

  • Report ID: GMI10551
  • Published Date: Jul 2024
  • Report Format: PDF

Hydrogen Aircraft Market Share

Airbus SE and Urban Aeronautics Ltd. holds a significant share of over 25% in the market. Key players like Airbus, Boeing, and major regional firms are investing heavily in hydrogen technology, developing prototypes, and conducting trials to position themselves as frontrunners. Airbus, for instance, has announced ambitious plans to introduce hydrogen-powered aircraft by 2035, leveraging its extensive experience and industry reputation.
 

Companies like Zero Avia and Universal Hydrogen are pioneering hydrogen-electric propulsion systems and modular refueling solutions, respectively, bringing fresh perspectives and agility to the market. These startups often collaborate with academic institutions and government research programs to push the boundaries of hydrogen technology. The competition is further intensified by the global nature of the market, with players from Europe, North America, and Asia actively working to capture market share and influence the direction of hydrogen aviation.
 

Hydrogen Aircraft Market Companies

Major players operating in the market are:

  • Airbus SE
  • Urban Aeronautics Ltd.
  • GKN Aerospace
  • Zero Avia Inc.
  • HES Energy Systems
  • Boeing
  • Universal Hydrogen Co.
Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size for hydrogen aircraft was valued at USD 327.41 Million in 2023 and is anticipated to register a CAGR of over 29.6% between 2024 and 2032, due to significant influx of investments aimed at developing the necessary infrastructure to support hydrogen-powered aviation.

In 2023, the unmanned aerial vehicles segment accounted for over 40% market share, due to the early adoption of hydrogen technology in this platform, along with usage of UAVs in commercial, industrial, and military applications.

In 2023, Europe held the largest market share of over 38% and will continue to show impressive growth due to a strong commitment to sustainable aviation and significant investments in green technologies.

Airbus SE, Urban Aeronautics Ltd., GKN Aerospace, ZeroAvia Inc., HES Energy Systems, Boeing, and Universal Hydrogen Co.

Hydrogen Aircraft Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 395
  • Countries covered: 21
  • Pages: 260
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