Zero-Emission Aircraft Market Size, Share & Analysis Report, 2023-2032
The global zero-emission aircraft market size was exhibited at USD 20.78 billion in 2022 and is projected to hit around USD 88.49 billion by 2032, growing at a CAGR of 15.59% during the forecast period 2023 to 2032.
Key Pointers:
Zero-Emission Aircraft Market Report Scope
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Report Coverage |
Details |
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Market Size in 2023 |
USD 24.02 Billion |
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Market Size by 2032 |
USD 88.49 Billion |
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Growth Rate From 2023 to 2032 |
CAGR of 15.59% |
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Base Year |
2022 |
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Forecast Period |
2023 to 2032 |
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Segments Covered |
Source, Range, Application, Type |
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Market Analysis (Terms Used) |
Value (US$ Million/Billion) or (Volume/Units) |
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Regional Scope |
North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa |
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Key Companies Profiled |
AeroDelft, Airbus S.A.S., Blue Origin Federation, LLC, Boeing Aerospace NYSE: BA, Bye Aerospace, Eviation Aircraft, HES Energy Systems, Joby Aviation, Lilium, Lockheed Martin Corporation NYSE: LMT, Northrop Grumman Corporation NYSE: NOC, Pipistrel d.o.o, Reaction Engines, Rolls-Royce Holdings PLC, SpaceX Aerospace Company, Thales SA, Wright Electric, ZeroAvia, Inc. |
Being a significant contributor to releasing CO2 from burning large quantity of jet fuel, traditional aircraft also influences the concentration of other gases and pollutants present in the atmosphere. The release of such harmful pollutants results in a long-term rise in ozone levels, emissions of sulfur aerosols, and water contrails. The emission of such pollutants significantly contributes to global warming. These factors call for immediate action on the part of aircraft industry leaders (Airbus, Boeing, and others) to opt for cleaner fuels (hydrogen or battery packs); the governments in formulating regulations regarding the checking of the emissions caused by today’s aircraft; and policies that create a conducive environment for the advent of carbon-neutral aircraft shortly.
To check the rising level of CO2 and other harmful emissions by currently operational airplanes, governments across the globe are planning roadmaps to contain the pollution caused by kerosene-based aircraft. For instance, countries, such as the U.S., South Korea, Germany, and France, have formulated strategic plans regarding the transition to electric/hydrogen-based aircraft. Moreover, various companies around the world are designing aircraft propelled by batteries, hydrogen, or hybrid technologies (battery and hydrogen), and solar cells. The zero-emission aircraft running on such energy resources can highly reduce emissions and platforms, such as air-taxis (for instance, CityHawk by Urban Aeronautics), can make effortless city travel possible in just a few years. The arrival of such aircraft can significantly reduce our dependence on fossil fuels over the years and open new avenues of sustainable aviation.
The market segmentation is based on source, range, application, type, and region. By source, the market is divided into hydrogen, electric, and solar. Based on range, it is classified into short-haul, medium-haul, and long-haul. Based on application, it is bifurcated into passenger aircraft and cargo aircraft. Based on type, it is bifurcated into turboprop rear bulkhead, turbofan system, and blended wing body. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
According to International Civil Aviation Organization’s (ICAO) yearly worldwide statistics, the total number of commuters carried on scheduled flights rose to 4.39 billion in 2019, which was 3.69% higher than the previous year. The highest passenger traffic was witnessed in the Asia-Pacific region. In October 2018, the International Air Transport Association (IATA) publicized that the current developments in air transport project that the passenger count could double to 8.2 billion in 2037. The COVID-19 pandemic led to a severe downfall in air traffic figures, although recently, in May 2021, the International Air Transport Association (IATA) stated that the global air passenger traffic is anticipated to recover to almost 88% of pre-COVID-19 levels during 2022, and is projected to outdo this level during 2023. This signifies a robust demand for air travel globally.
The abovementioned statistics suggest rise in air passenger traffic over the years internationally. The present fleet of aircraft is powered by kerosene (fossil fuel) and owing to the rise in air passenger traffic, there is increase in consumption of kerosene as well. This calls to search for other energy sources, such as hydrogen and electricity, to power the next generation of aircraft. Hydrogen as an energy carrier for usage in aircraft has some exceptional qualities, such as minimum pollution, lightweight, global availability, and safety, thus making it a suitable aviation fuel. Electricity or battery-powered aircraft cost less to operate and maintain than fuel-powered aircraft engines; are much quieter; and offer smoother, more comfortable flights. As the operations of hydrogen & battery-powered aircraft do not emit carbon emissions, the usage of these technologies can prove quite beneficial for the aviation industry and the environment as well. Therefore, the rise in air traffic is anticipated to drive the growth of the zero-emission aircraft market during the forecast period.
Some of the prominent players in the Zero-Emission Aircraft Market include:
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Zero-Emission Aircraft market.
By Source
By Range
By Application
By Type
By Region
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa (MEA)
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Zero-Emission Aircraft Market
5.1. COVID-19 Landscape: Zero-Emission Aircraft Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Zero-Emission Aircraft Market, By Source
8.1. Zero-Emission Aircraft Market, by Source, 2023-2032
8.1.1. Hydrogen
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Electric
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Solar
8.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Zero-Emission Aircraft Market, By Range
9.1. Zero-Emission Aircraft Market, by Range e, 2023-2032
9.1.1. Short-Haul
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Medium-Haul
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Long-Haul
9.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Zero-Emission Aircraft Market, By Application
10.1. Zero-Emission Aircraft Market, by Application, 2023-2032
10.1.1. Passenger Aircraft
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Cargo Aircraft
10.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Zero-Emission Aircraft Market, By Type
11.1. Zero-Emission Aircraft Market, by Type, 2023-2032
11.1.1. Turboprop Rear Bulkhead
11.1.1.1. Market Revenue and Forecast (2020-2032)
11.1.2. Turbofan System
11.1.2.1. Market Revenue and Forecast (2020-2032)
11.1.3. Blended Wing Body
11.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 12. Global Zero-Emission Aircraft Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Source (2020-2032)
12.1.2. Market Revenue and Forecast, by Range (2020-2032)
12.1.3. Market Revenue and Forecast, by Application (2020-2032)
12.1.4. Market Revenue and Forecast, by Type (2020-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Source (2020-2032)
12.1.5.2. Market Revenue and Forecast, by Range (2020-2032)
12.1.5.3. Market Revenue and Forecast, by Application (2020-2032)
12.1.5.4. Market Revenue and Forecast, by Type (2020-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Source (2020-2032)
12.1.6.2. Market Revenue and Forecast, by Range (2020-2032)
12.1.6.3. Market Revenue and Forecast, by Application (2020-2032)
12.1.6.4. Market Revenue and Forecast, by Type (2020-2032)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Source (2020-2032)
12.2.2. Market Revenue and Forecast, by Range (2020-2032)
12.2.3. Market Revenue and Forecast, by Application (2020-2032)
12.2.4. Market Revenue and Forecast, by Type (2020-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Source (2020-2032)
12.2.5.2. Market Revenue and Forecast, by Range (2020-2032)
12.2.5.3. Market Revenue and Forecast, by Application (2020-2032)
12.2.5.4. Market Revenue and Forecast, by Type (2020-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Source (2020-2032)
12.2.6.2. Market Revenue and Forecast, by Range (2020-2032)
12.2.6.3. Market Revenue and Forecast, by Application (2020-2032)
12.2.6.4. Market Revenue and Forecast, by Type (2020-2032)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Source (2020-2032)
12.2.7.2. Market Revenue and Forecast, by Range (2020-2032)
12.2.7.3. Market Revenue and Forecast, by Application (2020-2032)
12.2.7.4. Market Revenue and Forecast, by Type (2020-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Source (2020-2032)
12.2.8.2. Market Revenue and Forecast, by Range (2020-2032)
12.2.8.3. Market Revenue and Forecast, by Application (2020-2032)
12.2.8.4. Market Revenue and Forecast, by Type (2020-2032)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Source (2020-2032)
12.3.2. Market Revenue and Forecast, by Range (2020-2032)
12.3.3. Market Revenue and Forecast, by Application (2020-2032)
12.3.4. Market Revenue and Forecast, by Type (2020-2032)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Source (2020-2032)
12.3.5.2. Market Revenue and Forecast, by Range (2020-2032)
12.3.5.3. Market Revenue and Forecast, by Application (2020-2032)
12.3.5.4. Market Revenue and Forecast, by Type (2020-2032)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Source (2020-2032)
12.3.6.2. Market Revenue and Forecast, by Range (2020-2032)
12.3.6.3. Market Revenue and Forecast, by Application (2020-2032)
12.3.6.4. Market Revenue and Forecast, by Type (2020-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Source (2020-2032)
12.3.7.2. Market Revenue and Forecast, by Range (2020-2032)
12.3.7.3. Market Revenue and Forecast, by Application (2020-2032)
12.3.7.4. Market Revenue and Forecast, by Type (2020-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Source (2020-2032)
12.3.8.2. Market Revenue and Forecast, by Range (2020-2032)
12.3.8.3. Market Revenue and Forecast, by Application (2020-2032)
12.3.8.4. Market Revenue and Forecast, by Type (2020-2032)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Source (2020-2032)
12.4.2. Market Revenue and Forecast, by Range (2020-2032)
12.4.3. Market Revenue and Forecast, by Application (2020-2032)
12.4.4. Market Revenue and Forecast, by Type (2020-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Source (2020-2032)
12.4.5.2. Market Revenue and Forecast, by Range (2020-2032)
12.4.5.3. Market Revenue and Forecast, by Application (2020-2032)
12.4.5.4. Market Revenue and Forecast, by Type (2020-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Source (2020-2032)
12.4.6.2. Market Revenue and Forecast, by Range (2020-2032)
12.4.6.3. Market Revenue and Forecast, by Application (2020-2032)
12.4.6.4. Market Revenue and Forecast, by Type (2020-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Source (2020-2032)
12.4.7.2. Market Revenue and Forecast, by Range (2020-2032)
12.4.7.3. Market Revenue and Forecast, by Application (2020-2032)
12.4.7.4. Market Revenue and Forecast, by Type (2020-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Source (2020-2032)
12.4.8.2. Market Revenue and Forecast, by Range (2020-2032)
12.4.8.3. Market Revenue and Forecast, by Application (2020-2032)
12.4.8.4. Market Revenue and Forecast, by Type (2020-2032)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Source (2020-2032)
12.5.2. Market Revenue and Forecast, by Range (2020-2032)
12.5.3. Market Revenue and Forecast, by Application (2020-2032)
12.5.4. Market Revenue and Forecast, by Type (2020-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Source (2020-2032)
12.5.5.2. Market Revenue and Forecast, by Range (2020-2032)
12.5.5.3. Market Revenue and Forecast, by Application (2020-2032)
12.5.5.4. Market Revenue and Forecast, by Type (2020-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Source (2020-2032)
12.5.6.2. Market Revenue and Forecast, by Range (2020-2032)
12.5.6.3. Market Revenue and Forecast, by Application (2020-2032)
12.5.6.4. Market Revenue and Forecast, by Type (2020-2032)
Chapter 13. Company Profiles
13.1. AeroDelft
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Airbus S.A.S.
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Blue Origin Federation, LLC
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Boeing Aerospace NYSE: BA
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Bye Aerospace
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Eviation Aircraft
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. HES Energy Systems
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Joby Aviation
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Lilium
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Lockheed Martin Corporation NYSE: LMT
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers