Zero Emission Aircraft Market to Witness Increased Growth Over the Forecast Period to 2030 – Designer Women
The global zero–emissions aircraft market the size is expected to grow at a CAGR of 20.7% from 2022 to 2030. Zero-emission aircraft use power sources that release no harmful effluents into the environment. They are a viable option for propelling aircraft in the face of rapidly dwindling fossil fuel reserves, high aircraft operating costs and an increasing global greenhouse effect. Experts are constantly developing and testing zero-emission aircraft technologies using hydrogen, electricity and solar cells. Companies such as magniX, ZeroAvia, Inc. and others have successfully tested their zero-emission aircraft in recent years.
Traditional aircraft contribute significantly to CO2 emissions by burning large amounts of jet fuel, and they also impact the concentration of other gases and pollutants in the atmosphere. The release of these hazardous pollutants causes long-term increases in ozone levels, aerosol sulfur emissions, and water streaks. The release of these pollutants contributes significantly to global warming. These factors require immediate action by the leaders of the aeronautical industry (Airbus, Boeing, etc.) to switch to cleaner fuels (hydrogen or batteries); government regulations to control emissions from today’s aircraft; and policies that create an enabling environment for the introduction of carbon neutral aircraft in the future.
To combat rising CO2 and other harmful emissions from aircraft currently in service, governments around the world are developing roadmaps to reduce pollution from kerosene-fueled aircraft. For example, South Korea, Germany, the United States and France have formulated strategic plans regarding the transition to electric/hydrogen aircraft. Additionally, various companies around the world are designing aircraft powered by batteries, hydrogen, hybrid technologies and solar cells. Zero-emission aircraft powered by such power sources can significantly reduce emissions, and platforms such as air taxis can make hassle-free urban travel a reality within years. The arrival of such aircraft could significantly reduce our dependence on fossil fuels over time and open up new avenues for sustainable aviation.
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covid–19 Impact on World Zero–Emission Aircraft Market
The COVID-19 outbreak has created an unprecedented economic, public health and logistical challenge around the world; however, the deals escalated when COVID-19 hit. In recent months, one of the most significant effects of COVID-19 has been a decrease in the adoption of AI technologies by airports and airlines. For example, due to a considerable reduction in air traffic, several airlines and airports could delay the deployment of several AI technologies. This hinders the installation of AI in the aerospace sector globally.
In North America and Europe, the customer trend has seen a decline since mid-March 2020, due to the COVID-19 crisis. However, most Asian countries maintained or increased their level of optimism. Many consumers in various countries expect their income to decline, while some consumers in China and India expect their income to rise.
World Zero–Emissions Aircraft Market Dynamics
Drivers: Reduction of GHG emissions
Compared to kerosene and sustainable aviation fuels (types of advanced aviation biofuels used in jet aircraft), the use of electrical energy, hydrogen and solar energy to power aircraft to zero emissions will significantly reduce global greenhouse gas (GHG) emissions. We can use hydrogen as an energy source in two different ways. In the case of fuel cell propulsion, the aircraft’s gaseous emissions are limited to water vapour, which is produced as a by-product of the power generation process. Similarly, airplanes powered by solar energy and electric batteries are carbon neutral. The introduction of such zero-emission aircraft should result in cleaner, quieter and more sustainable future flight operations.
Constraints: Technological challenges related to solar, electric and hydrogen–powered plane
Zero-emission aircraft have a bright future ahead of them, thanks to low operating costs, zero carbon emissions, and the ability to fly with abundant energy sources like hydrogen and hydrogen. solar energy. Engineers must develop innovative technologies to recognize challenges such as the weight-to-energy ratios associated with electric aircraft, less solar energy captured by solar cells mounted on a solar aircraft, and the low energy density of hydrogen while receiving massive support from governments and associations around the world. world.
Because the sun and the plane are constantly moving in the atmosphere of solar planes, the angle of capture of the sun to hit the solar panels is extremely irregular. Solar panels therefore do not collect a lot of energy. Currently, solar-powered aircraft only capture about 10-20% of solar energy.
Opportunities: Proactive government initiatives towards zero–emission-powered aircraft
Switching from kerosene to hydrogen or battery-powered aircraft will require a lot of political will from governments around the world. Various governments have developed policies and a roadmap to support hydrogen-based aviation infrastructure in their respective countries to reduce global carbon emissions. The Department of Defense (DOD) and the United States Department of Energy (DOE) signed a Memorandum of Understanding (MOU) on July 22, 2010, to coordinate efforts to improve the nation’s energy security and to establish federal leadership in the transition to a low-carbon economy. Manufacturing is installing advanced fuel cells for secondary power in airport ground support equipment, and DOD aircraft on board are expected to be a highlight of the MOU.
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Range from Zero–Emission plane
The study categorizes the zero-emission aircraft market on the basis of source, application, range, and type at regional and global level.
By source Outlook (thousand units, turnover, million USD, 2017–2030)
By Outlook app (thousand units, turnover, million USD, 2017–2030)
- passenger plane
- cargo plane
By range Outlook (thousand units, turnover, million USD, 2017–2030)
- Short term
- Medium haul
By type Outlook (thousand units, turnover, million USD, 2017–2030)
- Turboprop rear bulkhead
- Turbofan system
- Mixed wing body
Outlook by region (thousand units, turnover, million USD, 2017–2030)
- North America (United States, Canada, Mexico)
- South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia-Pacific)
- The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA)
By source, the hydrogen sector is expected to account for the largest market share
The zero emissions market has been segmented into hydrogen, electric and solar by source. In 2021, hydrogen held the largest market share and accounted for 94.5% of the market share. Hydrogen is a clean fuel that produces only water when burned in a fuel cell. Hydrogen can be made from a wide range of resources, for example biomass, natural gas and renewable energy sources such as solar and wind power. These characteristics make it a desirable fuel for transportation, including air travel.
In recent years, companies big and small have started R&D for hydrogen planes, and a few have even tested their prototypes. For example, in September 2020, ZeroAvia, Inc. conducted its first hydrogen flight. Airbus SAS has unveiled three hydrogen-powered concepts for the world’s first zero-emission commercial aircraft, which could enter service by 2035. In addition, several companies, such as Cummins Inc., are designing fuel cells to power aircraft with hydrogen of the future. Such developments are expected to boost the growth of the segment over the forecast period.
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Asia Pacific represents the highest CAGR over the forecast period
Based on region, the global zero-emission aircraft market has been segmented into North America, Asia-Pacific, Europe, South America, and Middle East & Africa. The Asia-Pacific zero-emission aircraft market is expected to grow at the highest CAGR during the forecast period. This is attributed to the increase in R&D for the development of hydrogen aircraft in important countries such as China, Australia, South Korea and others. The governments of China and South Korea are taking several initiatives to replace the use of kerosene with hydrogen for next-generation aircraft, which is expected to accelerate the pace of developments and advances in the hydrogen aircraft market in the region in the future.
Asia-Pacific has high growth potential for the hydrogen aircraft market, due to a rapid increase in the development of hydrogen aircraft products in countries such as China, South Korea and the Australia. Several government initiatives for the development of hydrogen aircraft infrastructure are expected to drive the growth of the hydrogen aircraft market in this region. For example, in January 2019, the Korean government unveiled the hydrogen economy roadmap to create a hydrogen industry ecosystem, including power generation, storage, transportation , security and operation of its use.
Main market players
The zero emission aircraft market is slightly concentrated with few global players operating in the market such as Airbus SAS, Bye Aerospace, AeroDelft, Eviation Aircraft, Lilium, Pipistrel doo, Wright Electric, HES Energy Systems Joby Aviation and ZeroAvia, Inc. Each company follows its business strategy to achieve the maximum market share.