Connect with us

Technology

Hydrogen Aircraft Market to Reach $489 billion, Globally, by 2050 at 15.4% CAGR: Allied Market Research

Published

on

The growth of the global hydrogen aircraft market is driven by factors such as increase in air passenger traffic across the globe, high suitability of hydrogen as an aviation fuel, and rise in the environmental awareness and zero emission targets.

PORTLAND, Ore., July 8, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Hydrogen Aircraft Market by Passenger Capacity (Less than 100, 101 to 200, More than 200), Range (Short Haul (Less Than 1000 Km), Medium Haul (1000 to 2000 Km), Long Haul (Above 2000 Km)), Application (Passenger Aircraft and Cargo aircraft), Power Source (Liquid Hydrogen Aircraft, Fully Hydrogen Powered Aircraft, Hybrid Electric Aircraft, and Hydrogen Fuel Cell Aircraft), and Power Output (0 to 100 KW, 100 KW to 1 MW, and 1 MW and Above): Global Opportunity Analysis and Industry Forecast, 2030-2050″. According to the report, the hydrogen aircraft market was valued at $27.7 billion in 2030, and is estimated to reach $489 billion by 2050, growing at a CAGR of 15.4% from 2030 to 2050.

The growth of the global hydrogen aircraft market is driven by factors such as increase in air passenger traffic across the globe, high suitability of hydrogen as an aviation fuel, and rise in the environmental awareness and zero emission targets. However, high costs associated with production and handling of hydrogen, and technical challenges related to aircraft design, and hydrogen storage hamper the growth of the market. On the contrary, development of green hydrogen ecosystem, proactive government initiatives toward hydrogen powered aircraft are expected to offer remunerative opportunities for the expansion of the hydrogen aircraft market during the forecast period.

Request Sample of the Report on Hydrogen Aircraft Market Forecast 2050:
https://www.alliedmarketresearch.com/request-sample/A08743 

Report Coverage & Details:

Report Coverage

Details

Forecast Period

2030–2050

Base Year

2030

Market Size In 2030

$27.7 Billion

Market Size In 2050

$489 Billion

CAGR

15.4 %

No. Of Pages In Report

316

Segments Covered

Passenger Capacity, Range, Application, Power Source, Power Output, And Region.

Drivers 

Increase In Air Passenger Traffic Across The Globe

High Suitability Of Hydrogen As An Aviation Fuel

Rise In The Environmental Awareness And Zero Emission Targets

Opportunities

Development Of Green Hydrogen Ecosystem

Proactive Government Initiatives Toward Hydrogen Powered Aircraft

Restraints

High Costs Associated With Production And Handling Of Hydrogen

Technical Challenges Related To Aircraft Design, And Hydrogen Storage

Procure Complete Report (316 Pages PDF with Insights, Charts, Tables, and Figures)
https://www.alliedmarketresearch.com/checkout-final/hydrogen-aircraft-market-A08743

The less than 100 segment to maintain its leadership status by 2050.

By passenger capacity, less than 100 segment held the highest market share in 2030, accounting for more than two-thirds of the global hydrogen aircraft market revenue, and is estimated to maintain its leadership status throughout the forecast period, as the companies are increasingly planning to manufacture hydrogen aircraft with 100 passenger capacity and develop sustainable aviation solutions to mitigate climate change and reduce the environmental footprint of the aviation industry. However, the more than 200 segment is projected to manifest the highest CAGR of 19.6% from 2031 to 2050, owing to the focus on development of full-scale hydrogen-fueled aircraft several leading manufacturers that are able to carry more than 200 passengers as large capacity aircraft are anticipated to be in high demand in the future.

The short haul segment to maintain its leadership status by 2050.

By range, the short haul segment held the highest market share in 2030, accounting for more than half of the global hydrogen aircraft market revenue, and is estimated to maintain its leadership status throughout the forecast period as various startups such as AeroDelft and ZeroAvia have undertaken efforts to manufacture small passenger hydrogen powered aircraft, which have a higher range. The study by the International Council on Clean Transportation (ICCT) titled ‘Performance Analysis of Evolutionary Hydrogen-Powered Aircraft,’ published in January 2022, explores the potential of hydrogen-powered aircraft to dominate the small and medium-haul aircraft market by 2050. However, the long haul is projected to manifest the highest CAGR of 17.0% from 2031 to 2050, owing to factors such as rise in international air travel, increase in demand for zero-emission, coupled with continuous development which in turn increases the demand for long-haul segment.

The passenger aircraft segment to maintain its lead position by 2050.

By application, the passenger aircraft segment accounted for the largest share in 2030, accounting for more than four-fifths of the global hydrogen aircraft market revenue, and is estimated to maintain its leadership status throughout the forecast period as there is significant growth in air travel and surge in need for cleaner & quieter aircraft, along with rise in innovations and development of new hydrogen aircraft technologies. However, the cargo aircraft segment is projected to manifest the highest CAGR of 17.3% from 2031 to 2050, owing to the rise in the strategies to revolutionize the air cargo delivery industry by offering low cost, low-carbon emissions solutions for cargo transportation.

The liquid hydrogen aircraft segment to maintain its lead position during the forecast period.

By power source, the liquid hydrogen aircraft segment accounted for the largest share in 2030, accounting for more than half of the global hydrogen aircraft market revenue, and is estimated to maintain its leadership status throughout the forecast period as liquid hydrogen aircraft has the potential to drastically reduce the environmental emission along with the operating cost of commercial aircraft, and surge in initiatives taken by leading market players to develop liquid hydrogen aircraft. However, the hydrogen fuel cell aircraft segment is projected to manifest the highest CAGR of 18.4% from 2031 to 2050, owing to the increase in technological advancement in fuel cell-based propulsion system along with the surge in developments and introduction of hydrogen fuel-cell planes prototypes.

The 0 to 100 KW segment to maintain its lead position during the forecast period.

By power output, the 0 To 100 KW segment accounted for the largest share in 2030, accounting for more than three-fifths of the global hydrogen aircraft market revenue, and is estimated to maintain its leadership status throughout the forecast period as Hydrogen aircraft manufacturers constantly work toward the development of hydrogen aircraft with 0 to 100kW for short distance travel. However, the 1MW and above segment is projected to manifest the highest CAGR of 18.6% from 2031 to 2050, owing to the several factors, such as escalating environmental regulations, the burgeoning desire for eco-friendly air travel, and the continual advancements in hydrogen propulsion technology.

Europe to maintain its dominance by 2050.

By region, Europe held the highest market share in terms of revenue in 2030, accounting for more than half of the hydrogen aircraft market revenue, and is likely to dominate the market during the forecast period, as there is an increase in hydrogen aircraft investments and R&D in prominent countries such as Germany, France, Spain, and other countries. However, the Asia-Pacific region is expected to witness the fastest CAGR of 18.0% from 2031 to 2050, owing to research centers in the region aiming to develop hydrogen-powered aircraft as objective to transition towards sustainable aviation practices, and countries investing in the R&D, innovation, and development of hydrogen-fueled aircraft.

To Talk With Our Industry Expert @ https://www.alliedmarketresearch.com/connect-to-analyst/A08743

Leading Market Players: –

ThalesAeroVironment, Inc.GKN AerospacePipistrelUrban Aeronautics LtdAlaka’iAirbusAeroDelftHES Energy SystemsZeroAvia, Inc.

The report provides a detailed analysis of these key players of the hydrogen aircraft market. These players have adopted various strategies such acquisition, contract, product launch, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, developments, and product portfolios of every market player.

Browse More Trending Reports

Agricultural Tractors Market Size, Share, Competitive Landscape and Trend Analysis Report by Power Output, by Drive Type, by Propulsion, by Operation: Global Opportunity Analysis and Industry Forecast, 2021-2031

Agriculture Supply Chain Management Market Size, Share, Competitive Landscape and Trend Analysis Report by Component, by Solution Type, by Deployment Model: Global Opportunity Analysis and Industry Forecast, 2023-2032

Japan Bus HVAC Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by Vehicle Type, by Sales Channel, by Input: Opportunity Analysis and Industry Forecast, 2021-2031

Automotive Keyless Entry System Market Size, Share, Competitive Landscape and Trend Analysis Report by Sales Channel, by Vehicle Type, by Product Type, by Device, by Technology: Global Opportunity Analysis and Industry Forecast, 2023-2032

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
USA/Canada (Toll Free):
+1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
AMR Resource Center: https://www.alliedmarketresearch.com/resource-center

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

 

View original content:https://www.prnewswire.com/news-releases/hydrogen-aircraft-market-to-reach-489-billion-globally-by-2050-at-15-4-cagr-allied-market-research-302190789.html

SOURCE Allied Market Research

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Internet Society Report Highlights Challenges and Recommendations for Internet Connectivity in the Middle East

Published

on

By

WASHINGTON, Sept. 22, 2024 /PRNewswire/ — The Internet Society (ISOC), a global charitable organization advocating for an open, globally connected, and secure Internet, released a comprehensive report on the state of Internet connectivity across the Middle East and North Africa (MENA) region.

The report underscores Internet connectivity as a catalyst for economic growth and social development and how an increase in fixed broadband access has a direct impact on growing gross domestic product (GDP).

Key Findings:

Growth in Mobile and Fixed Broadband: Both mobile and fixed broadband connections have grown substantially from 2015 to 2021, particularly in Gulf States with advanced fiber-optic and 5G networks. However, deployment has been slower in other parts of the region, primarily due to infrastructure challenges and affordability issues.

Mobile Internet users increased from 130M to over 180M between 2016 and 2021, with Egypt, Tunisia, and Morocco showing the highest growth rates. Fixed broadband users rose from 17M to 29M in the same period, with Egypt leading the way. The Arab region lags behind other regions in fiber optic deployment, with stagnation in investment since 2018.

High-Income Countries: Significant progress in broadband infrastructure, especially in Gulf Cooperation Council (GCC) countries due to 5G rollout. High-income countries improved their Internet availability from 77.34 to 79.37, surpassing global averages.Low-Middle-Income Countries: Broadband has improved modestly, but challenges persist. Despite overall progress, a significant digital divide remains between high-income and low-middle-income countries, partly due to political and economic instability in some regions, such as Tunisia and Syria.

Infrastructure Challenges: There is a heavy reliance on European Internet Exchange Points for international Internet traffic, which results in slower speeds due to additional data hops.

Emerging Technologies: The report emphasizes the role of emerging technologies such as High-Throughput Satellites (HTS) and Low-Earth Orbit (LEO) satellites in bridging the connectivity gap. These technologies are crucial for expanding access to underserved rural areas.

Impact of COVID-19: The COVID-19 pandemic has adversely affected network performance and digital transformation plans, causing delays and disruptions in connectivity improvements.

Recommendations:

Policy and Regulation: The Internet Society advocates revising regulatory frameworks to accelerate infrastructure deployment. Key recommendations include enhancing spectrum policies, removing regulatory barriers, and fostering public-private partnerships to drive investment, competition, and support for small and medium enterprises.

Spectrum Availability: North African countries have limited spectrum compared to global averages, impacting network capacity and costs.Regulatory Frameworks: Enhance regulatory frameworks to foster investment, encourage spectrum and infrastructure sharing, and support new technologies like HTS and LEO satellites.

Collaboration and Investment: Promote public-private partnerships and update national broadband plans to improve infrastructure and connectivity.

Digital Skills and Literacy: Addressing digital skills and literacy is crucial for maximizing the benefits of Internet connectivity. The report calls for more affordable, relevant, and inclusive education and training programs to build a digital workforce.

Local Internet Exchange Points (IXPs): The report stresses the importance of establishing and upgrading IXPs to enhance local Internet traffic, reduce costs, and improve service quality. Governments are encouraged to support IXPs by providing resources and facilitating network interconnections.

“The Internet has become indispensable for many people, and its role in connecting people, fostering economic opportunities, and driving innovation is undeniable. The Arab region has made big leaps in the availability and adoption of the Internet in recent years; however, adoption rates are still low. We hope that governments will use our report to learn about the improvements that can be made in infrastructure deployment, affordability of service, market structure, and regulatory frameworks,” explains Nermine El Saadany, Regional Vice President for the Middle East for the Internet Society.

About the Internet Society
Founded by Internet pioneers, the Internet Society (ISOC) is a global charitable organization dedicated to ensuring the open development, evolution, and use of the Internet. Through a global community of chapters and members, the Internet Society collaborates with a wide range of groups to promote the technologies that keep the Internet safe and secure and advocates for policies that enable universal access. The Internet Society is also the organizational home of the Internet Engineering Task Force (IETF).

Logo – https://mma.prnewswire.com/media/1656167/Internet_Society.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/internet-society-report-highlights-challenges-and-recommendations-for-internet-connectivity-in-the-middle-east-302251836.html

Continue Reading

Technology

Representatives from 57 countries, regions and 6 international organizations, are gathering in Suzhou.

Published

on

By

What important topics are they discussing about? Let’s find out!

BEIJING, Sept. 22, 2024 /PRNewswire/ — I’m Xiao Lin from National Immigration Administration. On September 9th, the first Sub-Forum on Migration Management Cooperation was successfully held. Representatives from all parties expressed their insights and appeals around the development and innovation of migration governance.

It was truly a content-rich event!

Why does the international community focus on the topic of “Migration Governance” so much?

At present, changes unseen in a century is unfolding at a faster pace. The situation in the wider world remains complex and fluid. However, peace, development, cooperation and win-win results are still an unstoppable historical trend. Migration governance is critical to economic development of individual countries, global security governance and international cultural and people-to-people exchanges. It has increasingly become a key issue in global governance.

Here are the key points:
At the forum, NIA made three commitments: implementing more open policies for the cross-border flow of people, more effective actions in the governance of transnational crimes and more extensive global cooperation in migration governance, injecting new impetus to opening up and development; At the same time, three initiatives have been put forward, [Original scene of the initiative] contributing China’s wisdom and solutions to global migration governance and further showcasing its image as an open, confident, secure, and thriving major power.

Representatives also made keynote speeches, sharing their migration governance policies, measures and experience, and providing their perspectives on regional and international migration governance.

Pooling wisdom for win-win results.

In a changing era, National Immigration Administration of China stands ready to work with all parties to promote global migration governance to a higher level and contribute more wisdom to world peace, development, prosperity and stability!

View original content to download multimedia:https://www.prnewswire.com/news-releases/representatives-from-57-countries-regions-and-6-international-organizations-are-gathering-in-suzhou-302254859.html

SOURCE National Immigration Administration

Continue Reading

Technology

Supreme Court Justice Michelle O’Bonsawin Joins Elementary Students for Live Virtual Q&A and Chapter One Storybook Reading on Sep. 24

Published

on

By

The Honourable Justice Michelle O’Bonsawin, the first Indigenous person appointed to the Supreme Court of Canada, will join elementary students in a live virtual Q&A on September 24, from 1:00-2:15 pm ET, following a reading of the children’s storybook, “Daanis the Judge.” This event is hosted by Chapter One, a children’s literacy charity, to commemorate the National Day for Truth and Reconciliation. Lawyer Victoria Perrie, writer of “Daanis the Judge,” will read aloud the inspiring story, which is based on Justice O’Bonsawin’s remarkable journey. Illustrator EJ Miller-Larson will join Justice O’Bonsawin and Perrie in a moderated Q&A session with over 1900 elementary students.

TORONTO, Sept. 21, 2024 /PRNewswire-PRWeb/ — The Honourable Justice Michelle O’Bonsawin, the first Indigenous person to be appointed to the Supreme Court of Canada, will join elementary students in a live virtual Q&A following a live online reading of the original children’s storybook “Daanis the Judge,” on September 24, from 1:00-2:15 pm ET. The event will be hosted by Chapter One to mark the National Day for Truth and Reconciliation. Chapter One is a children’s literacy charity that provides 1:1 high-impact reading tutoring and co-creates original storybooks with participating communities nationwide.

“I am very humbled and proud to be a part of the book, “Daanis the Judge.” My hope is that this book will inspire youth to dream big and know that anything is possible. I am evidence of that!” – Justice Michelle O’Bonsawin

Métis-Cree lawyer Victoria Perrie, who wrote “Daanis the Judge,” will lead the live reading. Students will ask questions during a moderated Q&A with Justice O’Bonsawin, Perrie, and illustrator EJ Miller-Larson, of the Fond du Lac Band and Oneida Nation.

“Daanis the Judge” was inspired by Justice O’Bonsawin’s trailblazing career. It tells the story of a young student, Daanis, who dreams of becoming a judge after learning about Justice O’Bonsawin’s achievements.

The story is part of Chapter One’s growing collection of original children’s e-storybooks, co-created with Indigenous writers, illustrators and communities. The e-storybooks celebrate Indigenous experiences and perspectives, and feature audio clips of Elders pronouncing foundational words in their communities’ first languages. All e-storybooks are provided for free through the Global Free Library.

About Chapter One

Chapter One (chapterone.org/ca) is a global nonprofit and registered Canadian charity that provides one-on-one early literacy tutoring programs to 2,300 children in eight provinces and territories across Canada. Its proven “short burst” high-impact tutoring approach—five-minute sessions, three to five times a week—is ideally suited to young children’s attention spans and aligns with the Science of Reading. In one of the largest randomized control trials conducted on early literacy instruction, researchers from Stanford University found that 7 out of 10 students receiving Chapter One high impact tutoring achieved phonics benchmarks by the end of Kindergarten, compared to 32% in the control group.

Children at risk of reading failure receive 1:1 reading support from trained, paid paraprofessional tutors through Chapter One’s online reading platform and custom software. Programs are delivered in-person and virtually in classrooms through agreements with schools and school boards, and at home on families’ smartphones, connecting struggling readers with individualized reading support—regardless of location and circumstance, even in some of the most geographically remote communities in Canada.

In addition to its tutoring programs, Chapter One collaborates with Indigenous communities to co-create children’s stories that represent the communities’ priorities and experiences and advance language revitalization efforts. The e-storybooks are provided for free online, as part of the Global Free Library.

Event details

The Live Virtual Q&A and Reading of “Daanis the Judge” with the Honourable Justice O’Bonsawin takes place on Tuesday, September 24, from 1:00-2:15 pm ET via Zoom. The event is open to elementary classes (Grades 1-6). Teachers/principals must register their classes in advance using this link.

Media Contact

Denise Orosa, Chapter One Canada, 1 4374224825, denise.orosa@chapterone.org, chapterone.org/ca

View original content to download multimedia:https://www.prweb.com/releases/supreme-court-justice-michelle-obonsawin-joins-elementary-students-for-live-virtual-qa-and-chapter-one-storybook-reading-on-sep-24-302254639.html

SOURCE Chapter One Canada

Continue Reading

Trending