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Zero Emission Aircraft Market Trends

  • Report ID: GMI7634
  • Published Date: Dec 2024
  • Report Format: PDF

Zero Emission Aircraft Market Trends

The global aviation industry is transforming as electric and hydrogen propulsion systems advance. For instance, Airbus’ fully electric ZEROe concept uses hydrogen fuel cells to power an electric propeller propulsion system. In 2023, the ZEROe team successfully powered on the future hydrogen-propulsion system, marking a significant step toward fully electric aircraft development. Companies are investing in research and development to create efficient, cost-effective zero-emission aircraft. Improvements in battery technology, including enhanced energy density and charging speeds, are expanding the potential for electric aircraft in short-haul flights. Hydrogen fuel cell technology is emerging as a viable option for long-haul, heavy-lift aircraft.
 

Sustainable aviation fuels (SAFs) are gaining prominence as an immediate solution to reduce emissions from conventional aircraft. SAFs, derived from renewable sources such as algae, agricultural waste, and captured CO2, are compatible with existing engines and infrastructure. Several airlines have begun incorporating SAFs into their operations, while governments are implementing SAF usage mandates.
 

For instance, the U.S. department of energy's bioenergy technologies office (BETO) supports research and development to advance low-carbon sustainable aviation fuel (SAF). SAF, made from renewable biomass and waste, offers a similar performance to jet fuel but with a significantly lower carbon footprint, helping airlines reduce GHG emissions. The adoption of SAFs is expected to contribute significantly to achieving carbon-neutral aviation by 2050. Ongoing investments in SAF production facilities and research aim to reduce costs and improve availability.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The global market size for zero-emission aircraft was valued at USD 9.8 billion in 2024 and is projected to reach USD 23.2 billion by 2034, driven by a CAGR of 9.2% from 2025 to 2034.

In 2024, hydrogen fuel cell aircraft accounted for the largest market share at 30.9%, driven by their potential to reduce carbon emissions and improve sustainability.

North America market is expected to reach over USD 8.7 billion by 2034, driven by substantial investments and government support aimed at reducing carbon emissions.

Major players in the industry include Ampaire Inc., Aurora Flight Sciences (The Boeing Company), BETA Technologies, Inc., Bye Aerospace, Equator Aircraft AS, Evektor, spol. s r. o., Eviation, Heart Aerospace, and Joby Aero, Inc.

Zero Emission Aircraft Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 14
  • Tables & Figures: 280
  • Countries covered: 18
  • Pages: 220
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