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Hydrogen Aircraft Market Trends

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

Hydrogen Aircraft Market Trends

The development of hydrogen aircraft is being propelled by a surge in collaborative industry partnerships. Companies within the aviation sector, along with energy firms and technology developers, are joining forces to share knowledge, expertise, and resources. These partnerships aim to accelerate the research, development, and commercialization of hydrogen technologies. By pooling resources, companies can address technical challenges more efficiently and reduce the financial risks associated with innovation. This collaborative approach is crucial in overcoming the industry's hurdles, such as establishing a reliable hydrogen supply chain and developing infrastructure for storage and distribution.
 

These partnerships often involve cross-sector cooperation, blending aviation expertise with advancements in hydrogen production and storage technologies. For example, in July 2024, JEKTA, a Swiss company, partnered with Zero Avia to develop a hydrogen-powered variant of this aircraft. Zero Avia will provide its fuel cell power generation system (PGS) technology to enhance the aircraft's capabilities, aiming for a range of 500 to 600 kilometers and an increased payload capacity of up to one ton.
 

The trend towards hybrid hydrogen-electric aircraft is gaining momentum as a transitional step toward fully hydrogen-powered aviation. These aircraft combine hydrogen fuel cells with traditional electric battery systems, optimizing energy use and extending the aircraft's range. Hybrid models allow for gradual integration of hydrogen technology into the aviation industry, providing a practical solution while infrastructure and technology mature. They offer improved efficiency, reduced emissions, and operational flexibility. The dual-system approach enables aircraft to operate efficiently in various conditions, using hydrogen fuel cells for long-range flights and electric batteries for shorter distances or auxiliary power, thus enhancing the overall sustainability of air travel.
 

For example, in June 2024, Joby Aviation achieved a significant milestone with its hydrogen-electric air taxi demonstrator, successfully completing a flight of 523 miles. The demonstrator is equipped with a series-hybrid battery and hydrogen-electric propulsion system. It retains the baseline S4's propulsion units and features six tilting propellers powered by both the battery and a hydrogen fuel cell system that recharges the battery during flight.

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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