Hydrogen Aircraft Market Size 2022-2027: Airbus SE, Alaka’i Technologies, Pipistrel Aircraft, Tupolev PJSC, Urban Aeronautics Ltd.

According to MarkNtel Advisors study the Global Hydrogen Aircraft Market is projected to grow at a CAGR of around 27.5% during the forecast period, 2022-27.

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Key Findings of the Study: Hydrogen Aircraft market

Key Drivers

• Mounting concerns about massive carbon emissions by the aviation industry
• Increasing pressure on the governments of different countries to address these issues through funding & approvals for the R&D of hydrogen aircrafts
• Growing adherence to the Paris Agreement within the UN framework that aims to impede the effects of global climate change, owing to which, governments are promoting eco-friendly & emission-free transportation modes and encouraging the application of hydrogen in aviation.

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Scope of the Report and Hydrogen Aircraft Market Segmentation:

By Fuel Type

• Hydrogen Combustion
• Hydrogen Fuel Cell

By Platform

• UAV
• Business Jets
• Air Taxis

By Technology

• Fully Hydrogen Powered Aircraft
• Hybrid Electric Aircraft

By Range

• Up to 20 Km
• 20-100 Km
• More than 100 Km

By Passenger Capacity

• Up to 4
• 5 to 10
• More than 10

Of them all, UAVs (Unmanned Aerial Vehicles), particularly drones, are projected to observe extensive application & operational feasibility across different verticals in the coming years.

Geographical Analysis:

By Region

• North America
• Europe
• Asia-Pacific

Of them all, North America is projected to display sizeable growth for the hydrogen aircraft market in the coming years owing to the increasing investments for developing commercial hydrogen aircraft.

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