According to IMARC Group’s latest report, titled “Zero-Emission Aircraft Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026.’ the global zero-emission aircraft market reached a value of US$ XX Billion in 2020. Zero-emission aircraft rely on clean energy sources, such as hydrogen and electricity, as their primary power source. They generally utilize hydrogen- or electricity-fueled powertrain technologies as opposed to conventional engines that run on fossil fuels. Zero-emission aircraft emit no pollutants during ground and flight operations. Consequently, they are emerging as a potential solution for the decarbonization of aerospace and allied industries and for minimizing the negative environmental impact of the aviation sector.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report
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The rising levels of air passenger traffic and the increasing number of airports and flight routes across the globe are some of the key factors driving the zero-emission aircraft market. Apart from this, the escalating need to reduce the ecological footprint and climate impact of commercial helicopters, aircraft satellites, urban air mobility vehicles, and other air transport infrastructures is further catalyzing the market growth. Moreover, the launch of favorable environmental initiatives by government bodies, such as mandating the usage of sustainable aviation fuels (SAF) to cut down emission levels, is acting as another significant growth-inducing factor. Besides this, the expanding applications of unmanned prototype aircraft to support emergency services in disaster relief or to deliver urgently required goods, such as medicines, are augmenting the global market. Furthermore, the introduction of hybrid-hydrogen aircraft, which are powered by the combustion of liquid hydrogen and oxygen, is also bolstering the market growth. In addition to this, the growing investments in R&D activities in energy studies, sustainable fuels, new aircraft concepts, etc., are anticipated to stimulate the zero-emission aircraft market over the forecasted period. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026.
Competitive Landscape:
- AeroDelft
- Airbus S.A.S.
- Bye Aerospace
- Eviation Aircraft
- ZeroAvia Inc.
Key Market Segmentation:
Breakup by Type:
- Turboprop Rear Bulkhead
- Turbofan System
- Blended Wing Body
Breakup by Source:
- Hydrogen
- Electric
- Solar
Breakup by Range:
- Short-Haul
- Medium-Haul
- Long-Haul
Breakup by Application:
- Passenger Aircraft
- Cargo Aircraft
Breakup by Region:
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
