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2021
Zero-emission Aircraft Market

Zero-Emission Aircraft Market by Source (Hydrogen, Electric, and Solar), Range (Short-Haul, Medium-Haul, and Long-Haul), Application (Passenger Aircraft and Cargo Aircraft) and Type (Turboprop Rear Bulkhead, Turbofan System, and Blended Wing Body): Global Opportunity Analysis and Industry Forecast, 2030–2040

A11848
Pages: 261
Jun 2021 | 1066 Views
   
Author(s) : Himanshu Joshi , Sonia Mutreja
Tables: 126
Charts: 52
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Zero-Emission Aircraft Market Statistics 2040 -

The global zero-emission aircraft market is expected to be valued at $29.24 billion in 2030, and reach $191.97 billion in 2040, registering a CAGR of 20.7%.

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.

Global-Zero-Emission-Aircraft-Market

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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.

Key players operating in the global zero-emission aircraft market include AeroDelft, Airbus S.A.S., Bye Aerospace, Eviation Aircraft, HES Energy Systems, Joby Aviation, Lilium, Pipistrel d.o.o, Wright Electric, and ZeroAvia, Inc.

Zero-Emission Aircraft Market
By Source

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Solar is projected as the most lucrative segments

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Increase in air passenger traffic across the globe 

According to International Civil Aviation Organization’s (ICAO) yearly worldwide statistics, the total number of commuters carried on scheduled flights rose to 4.38 billion in 2019, which was 3.65% 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.  

Zero-Emission Aircraft Market
By Application

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Cargo Aircraft is projected as the most lucrative segments

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Reduced GHG emissions

Using hydrogen fuel, electric energy, and solar energy as a source to power zero-emission aircraft as compared with jet fuel and sustainable aviation fuels (advanced aviation biofuel types used in jet aircraft) will lead to a drastic reduction in global greenhouse gas (GHG) emissions. There are two ways by which we can harness the energy of hydrogen, among which, in the case of fuel-cell propulsion, gaseous emissions from the aircraft are limited only to water vapor, a byproduct of the energy production process. Similarly, aircraft powered by electric batteries and solar energy is carbon neutral in nature, and the emergence of such zero-emission aircraft is expected to result in cleaner, quieter, and sustainable operations of the aviation sector in future. 

Increase in R&D investments for finding alternative energy sources for aircraft is driven by rising regulations regarding the release of harmful effluents by conventional aircraft. For instance, in December 2020, the U.S. Environmental Protection Agency (EPA) issued its final regulation on greenhouse gas (GHG) emission standards for big turbine aircraft flown by commercial and business aviation operators. EPA considers this regulation important and expects it to act as a baseline for aircraft GHG emissions. Furthermore, European Union (EU) is making efforts to reduce air travel emissions in Europe and coordinating with the international community to instigate procedures with the global scope. The proposal, planned for the 2nd quarter of 2021, will be part of the wide-ranging European Green Deal. In addition, the International Civil Aviation Organization (ICAO) had stated (before the COVID-19 pandemic) that by 2050, the international aviation emissions could become thrice as compared with 2015 levels. Such factors are expected to propel the development of zero-emission aircraft technologies during the forecast timeframe.

Zero-Emission Aircraft Market
By Range

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Medium Haul is projected as the most lucrative segments

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Technological challenges associated with the solar, electric, and hydrogen-powered aircraft

Zero-emission aircraft hold huge prospects in the future, owing to low operation costs, causing no carbon emissions, and flying on abundant power sources such as hydrogen fuel and solar energy. While they are getting huge support from governments and associations across the world, engineers have to come up with innovative technologies to tackle huge challenges related to weight to energy ratios associated with electric planes, less amount of solar energy captured by solar cells mounted on a solar plane, and low energy density of hydrogen. 

Pertaining to solar aircraft, both the sun and the plane are continuously moving in the atmosphere, so the angle of capture for the sun to hit the solar panels is extremely irregular. Attributed to this, solar panels do not collect a significant amount of energy. Currently, solar-powered planes only capture around 10-20% of the solar energy. Moreover, as solar-powered aircraft are designed with huge wingspans and fragile and lightweight solar cells, they are quite susceptible to unfavorable weather conditions. One of the biggest issues with electric aircraft is the low energy density of batteries. While jet fuel has an energy density of around 12,000 Wh/kg, commercially available lithium-ion batteries have an energy density at the cell level of around 250 Wh/kg. Energy density at the pack level is usually 20% lesser. In addition, electric aircraft propulsion also entails larger voltages to minimalize the size and mass of the power distribution system. Hydrogen (in gaseous form) is usually extracted from water by the electrolysis process, which includes passing a high electric current through water to isolate oxygen and hydrogen atoms. The electrolysis process is quite expensive as it includes high expenditure on energy requirements. Furthermore, hydrogen poses challenges for designers in terms of mass and volume requirements as well as for fuel management and storage on-board aircraft. The high volume-to-energy property of Liquid Hydrogen (LH2) requires hydrogen aircraft to contain a huge quantity of fuel compared to that of legacy kerosene-fuelled aircraft. This leads to higher air drag and affects the efficiency of the aircraft.

These issues related to solar, electric, or hydrogen-powered aircraft are expected to obstruct the growth of the zero-emission aircraft market during the forecast timeframe.

Zero-Emission Aircraft Market
By Type

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Turbofan System is projected as the most lucrative segments

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Proactive government initiatives towards the development of zero-emission aircraft

Switching from kerosene fuel to hydrogen or battery-powered planes requires great impetus from governments across the globe. Various governments have formulated policies and a roadmap to support the hydrogen-based aviation infrastructure in respective countries, which is anticipated to contribute to a reduction in carbon emissions worldwide. On July 22nd, 2010, the Department of Defense (DOD) and the U.S. Department of Energy (DOE) signed up a Memorandum of Understanding (MOU) for the purpose of directing efforts to enhance the nation’s energy security and establish federal government leadership in transforming into a low-carbon economy. One of the highlights under the MOU was manufacturing and installing advanced fuel cells for secondary power in ground support equipment at airports and onboard DOD aircraft. 

In line with the efforts regarding faster development of zero-emission aircraft, the Aerospace Technology Institute (ATI) launched the FlyZero program in July 2020 to assist the UK aerospace to develop a zero-carbon emission aircraft by 2030. Sponsored by the UK government’s Department for Business, Energy & Industrial Strategy (BEIS), the FlyZero program was launched to pull together knowledge from across the UK supply chain and academies in a primary 12-month program to examine the design issues and market prospects of feasible zero-emission aircraft concepts. The UK government expects the launch of zero-emission commercial flights by 2030. Moreover, following the recommendations made by the Committee on Climate Change, the UK government has set a target of net-zero GHG emissions in the UK by 2050. This came into force in June 2019 as a modification to the Climate Change Act 2018 target of decreasing GHG emissions by 80%, compared with 1990 levels. Such initiatives are projected to propel the growth of the zero-emission aircraft market over the years.

Zero-Emission Aircraft Market
By Region

2040
Europe 
North America
Asia Pacific
Lamea

Asia-Pacific would exhibit the highest CAGR of 23.3% during 2040-2040.

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Key Benefits For Stakeholders

  •  This study presents analytical depiction of the global zero-emission aircraft market analysis along with current trends and future estimations to depict imminent investment pockets.
  •  The overall zero-emission aircraft market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  •  The report presents information related to key drivers, restraints, and opportunities of the global zero-emission aircraft market with a detailed impact analysis.
  •  The current zero-emission aircraft market is quantitatively analyzed from 2030 to 2040 to benchmark the financial competency.
  •  Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Key Market Segments

By Source

  •  Hydrogen
  •  Electric 
  •  Solar

By Range

  •  Short-Haul
  •  Medium-Haul
  •  Long-Haul
  • By Application
  •  Passenger Aircraft
  •  Cargo Aircraft    

By Type

  •  Turboprop Rear Bulkhead
  •  Turbofan System
  •  Blended Wing Body

By Region

  •  North America
    •  U.S.
    •  Canada
    •  Mexico
  •  Europe
    •  UK
    •  Germany
    •  France
    •  Russia
    •  Rest of Europe
  •  Asia-Pacific
    •  China
    •  Japan
    •  South Korea
    •  Rest of Asia Pacific
  •  LAMEA
    •  Latin America
    •  Middle East
    •  Africa

KEY PLAYERS

  •  AeroDelft
  •  Airbus S.A.S.
  •  Bye Aerospace
  •  Eviation Aircraft
  •  HES Energy Systems
  •  Joby Aviation
  •  Lilium
  •  Pipistrel d.o.o
  •  Wright Electric
  •  ZeroAvia, Inc. 
 

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies

3.3. Porter’s five forces analysis
3.4. Key player positioning, 2020
3.5. Market dynamics

3.5.1. Drivers

3.5.1.1. Increase in air passenger traffic across the globe
3.5.1.2. Reduced GHG emissions

3.5.2. Restraint

3.5.2.1. Technological challenges associated with the solar, electric, and hydrogen-powered aircraft
3.5.2.2. High costs associated with the production and handling of hydrogen

3.5.3. Opportunities

3.5.3.1. Proactive government initiatives toward zero-emission powered aircrafts
3.5.3.2. Advancements in zero-emission aircraft technologies

CHAPTER 4: GLOBAL ZERO-EMISSION AIRCRAFT MARKET, BY SOURCE

4.1. Overview
4.2. Hydrogen

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country

4.3. Electric

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country

4.4. Solar

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country

CHAPTER 5: GLOBAL ZERO-EMISSION AIRCRAFT MARKET, BY APPLICATION

5.1. Overview
5.2. Passenger aircraft

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country

5.3. Cargo aircraft

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country

CHAPTER 6: GLOBAL ZERO-EMISSION AIRCRAFT MARKET, BY RANGE

6.1. Overview
6.2. Short-haul

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis, by country

6.3. Medium-haul

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis, by country

6.4. Long-haul

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market analysis, by country

CHAPTER 7: GLOBAL ZERO-EMISSION AIRCRAFT MARKET, BY TYPE

7.1. Overview
7.2. Turboprop Rear Bulkhead rear bulkhead

7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast, by region
7.2.3. Market analysis, by country

7.3. Turbofan system

7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast, by region
7.3.3. Market analysis, by country

7.4. Blended wing body

7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast, by region
7.4.3. Market analysis, by country

CHAPTER 8: ZERO-EMISSION AIRCRAFT MARKET, BY REGION

8.1. Overview
8.2. North America

8.2.1. Key market trends, growth factors, and opportunities
8.2.2. Market size and forecast, by source
8.2.3. Market size and forecast, by application
8.2.4. Market size and forecast, by range
8.2.5. Market size and forecast, by type
8.2.6. Market analysis, by country

8.2.6.1. U.S.

8.2.6.1.1. Market size and forecast, by source
8.2.6.1.2. Market size and forecast, by application
8.2.6.1.3. Market size and forecast, by range
8.2.6.1.4. Market size and forecast, by type

8.2.6.2. Canada

8.2.6.2.1. Market size and forecast, by source
8.2.6.2.2. Market size and forecast, by application
8.2.6.2.3. Market size and forecast, by range
8.2.6.2.4. Market size and forecast, by type

8.2.6.3. Mexico

8.2.6.3.1. Market size and forecast, by source
8.2.6.3.2. Market size and forecast, by application
8.2.6.3.3. Market size and forecast, by range
8.2.6.3.4. Market size and forecast, by type

8.3. Europe

8.3.1. Key market trends, growth factors, and opportunities
8.3.2. Market size and forecast, by source
8.3.3. Market size and forecast, by application
8.3.4. Market size and forecast, by range
8.3.5. Market size and forecast, by type
8.3.6. Market analysis, by country

8.3.6.1. UK

8.3.6.1.1. Market size and forecast, by source
8.3.6.1.2. Market size and forecast, by application
8.3.6.1.3. Market size and forecast, by range
8.3.6.1.4. Market size and forecast, by type

8.3.6.2. Germany

8.3.6.2.1. Market size and forecast, by source
8.3.6.2.2. Market size and forecast, by application
8.3.6.2.3. Market size and forecast, by range
8.3.6.2.4. Market size and forecast, by type

8.3.6.3. France

8.3.6.3.1. Market size and forecast, by source
8.3.6.3.2. Market size and forecast, by application
8.3.6.3.3. Market size and forecast, by range
8.3.6.3.4. Market size and forecast, by type

8.3.6.4. Russia

8.3.6.4.1. Market size and forecast, by source
8.3.6.4.2. Market size and forecast, by application
8.3.6.4.3. Market size and forecast, by range
8.3.6.4.4. Market size and forecast, by type

8.3.6.5. Rest of Europe

8.3.6.5.1. Market size and forecast, by source
8.3.6.5.2. Market size and forecast, by application
8.3.6.5.3. Market size and forecast, by range
8.3.6.5.4. Market size and forecast, by type

8.4. Asia-Pacific

8.4.1. Key market trends, growth factors, and opportunities
8.4.2. Market size and forecast, by source
8.4.3. Market size and forecast, by application
8.4.4. Market size and forecast, by range
8.4.5. Market size and forecast, by type
8.4.7. Market analysis, by country

8.4.7.1. China

8.4.7.1.1. Market size and forecast, by source
8.4.7.1.2. Market size and forecast, by application
8.4.7.1.3. Market size and forecast, by range
8.4.7.1.4. Market size and forecast, by type

8.4.7.2. Japan

8.4.7.2.1. Market size and forecast, by source
8.4.7.2.2. Market size and forecast, by application
8.4.7.2.3. Market size and forecast, by range
8.4.7.2.4. Market size and forecast, by type

8.4.7.3. South Korea

8.4.7.3.1. Market size and forecast, by source
8.4.7.3.2. Market size and forecast, by application
8.4.7.3.3. Market size and forecast, by range
8.4.7.3.4. Market size and forecast, by type

8.4.7.4. Rest of Asia-Pacific

8.4.7.4.1. Market size and forecast, by source
8.4.7.4.2. Market size and forecast, by application
8.4.7.4.3. Market size and forecast, by range
8.4.7.4.4. Market size and forecast, by type

8.5. LAMEA

8.5.1. Key market trends, growth factors, and opportunities
8.5.2. Market size and forecast, by source
8.5.3. Market size and forecast, by application
8.5.4. Market size and forecast, by range
8.5.5. Market size and forecast, by type
8.5.7. Market analysis, by country

8.5.7.1. Latin America

8.5.7.1.1. Market size and forecast, by source
8.5.7.1.2. Market size and forecast, by application
8.5.7.1.3. Market size and forecast, by range
8.5.7.1.4. Market size and forecast, by type

8.5.7.2. Middle East

8.5.7.2.1. Market size and forecast, by source
8.5.7.2.2. Market size and forecast, by application
8.5.7.2.3. Market size and forecast, by range
8.5.7.2.4. Market size and forecast, by type

8.5.7.3. Africa

8.5.7.3.1. Market size and forecast, by source
8.5.7.3.2. Market size and forecast, by application
8.5.7.3.3. Market size and forecast, by range
8.5.7.3.4. Market size and forecast, by type

CHAPTER 9: COMPANY PROFILES

9.1. AERODELFT

9.1.1. Company overview
9.1.2. Company snapshot
9.1.3. Product portfolio
9.1.4. Key strategic moves and developments

9.2. Airbus S.A.S.

9.2.1. Company overview
9.2.2. Company snapshot
9.2.3. Operating business segments
9.2.4. Product portfolio
9.2.5. Business performance
9.2.6. Key strategic moves and developments
9.2.7. SWOT Analysis: Airbus S.A.S.

9.2.7.1. Strength
9.2.7.2. Weakness
9.2.7.3. Opportunity
9.2.7.4. Threat

9.3. BYE AEROSPACE

9.3.1. Company overview
9.3.2. Company snapshot
9.3.3. Product portfolio
9.3.4. Key strategic moves and developments

9.4. Eviation Aircraft

9.4.1. Company overview
9.4.2. Company snapshot
9.4.3. Product portfolio
9.4.4. Key strategic moves and developments

9.5. HES Energy Systems

9.5.1. Company overview
9.5.2. Company snapshot
9.5.3. Operating business segments
9.5.4. Product portfolio
9.5.5. Key strategic moves and developments

9.6. Joby Aviation

9.6.1. Company overview
9.6.2. Company snapshot
9.6.3. Product portfolio
9.6.4. Key strategic moves and developments

9.7. Lilium

9.7.1. Company overview
9.7.2. Company snapshot
9.7.3. Product portfolio
9.7.4. Key strategic moves and developments

9.8. PIPISTREL D.O.O.

9.8.1. Company overview
9.8.2. Company snapshot
9.8.3. Operating business segments
9.8.4. Product portfolio
9.8.5. Key strategic moves and developments

9.9. Wright Electric

9.9.1. Company overview
9.9.2. Company snapshot
9.9.3. Product portfolio
9.9.4. Key strategic moves and developments

9.10. ZeroAvia, Inc.

9.10.1. Company overview
9.10.2. Company snapshot
9.10.3. Operating business segments
9.10.4. Product portfolio
9.10.5. Key strategic moves and developments

LIST OF TABLES

TABLE 01. GLOBAL ZERO-EMISSION AIRCRAFT MARKET, BY SOURCE, 2030-2040 ($MILLION)
TABLE 02. ZERO-EMISSION AIRCRAFT MARKET REVENUE FOR HYDROGEN, BY REGION, 2030–2040 ($MILLION)
TABLE 03. ZERO-EMISSION AIRCRAFT MARKET REVENUE FOR ELECTRIC, BY REGION, 2030–2040 ($MILLION)
TABLE 04. ZERO-EMISSION AIRCRAFT MARKET REVENUE FOR SOLAR, BY REGION, 2030–2040 ($MILLION)
TABLE 05. GLOBAL ZERO-EMISSION AIRCRAFT MARKET, BY APPLICATION, 2030-2040($MILLION)
TABLE 06. ZERO-EMISSION AIRCRAFT MARKET REVENUE FOR PASSENGER AIRCRAFT, BY REGION, 2030–2040 ($MILLION)
TABLE 07. ZERO-EMISSION AIRCRAFT MARKET REVENUE FOR CARGO AIRCRAFT, BY REGION, 2030–2040 ($MILLION)
TABLE 08. ZERO-EMISSION AIRCRAFT APPLICATION MARKET BY SOURCE AND RANGE, 2030-2040, ($MILLION)
TABLE 09. GLOBAL ZERO-EMISSION AIRCRAFT MARKET, BY RANGE, 2030-2040($MILLION)
TABLE 10. ZERO-EMISSION AIRCRAFT MARKET REVENUE FOR SHORT-HAUL, BY REGION, 2030–2040 ($MILLION)
TABLE 11. ZERO-EMISSION AIRCRAFT MARKET REVENUE FOR MEDIUM-HAUL, BY REGION, 2030–2040 ($MILLION)
TABLE 12. ZERO-EMISSION AIRCRAFT MARKET REVENUE FOR LONG-HAUL, BY REGION, 2030–2040 ($MILLION)
TABLE 13. GLOBAL ZERO-EMISSION AIRCRAFT MARKET, BY TYPE, 2030-2040($MILLION)
TABLE 14. ZERO-EMISSION AIRCRAFT MARKET REVENUE FOR TURBOPROP REAR BULKHEAD, BY REGION, 2030–2040 ($MILLION)
TABLE 15. ZERO-EMISSION AIRCRAFT MARKET REVENUE FOR TURBOFAN SYSTEM, BY REGION, 2030–2040 ($MILLION)
TABLE 16. ZERO-EMISSION AIRCRAFT MARKET REVENUE FOR BLENDED WING BODY, BY REGION, 2030–2040 ($MILLION)
TABLE 17. NORTH AMERICA ZERO-EMISSION AIRCRAFT MARKET, BY SOURCE, 2030–2040 ($MILLION)
TABLE 18. NORTH AMERICA ZERO-EMISSION AIRCRAFT MARKET, BY APPLICATION, 2030–2040 ($MILLION)
TABLE 19. NORTH AMERICA ZERO-EMISSION AIRCRAFT MARKET, BY RANGE, 2030–2040 ($MILLION)
TABLE 20. NORTH AMERICA ZERO-EMISSION AIRCRAFT MARKET, BY TYPE, 2030–2040 ($MILLION)
TABLE 21. U.S. ZERO-EMISSION AIRCRAFT MARKET, BY SOURCE, 2030–2040 ($MILLION)
TABLE 22. U.S. ZERO-EMISSION AIRCRAFT MARKET, BY APPLICATION, 2030–2040 ($MILLION)
TABLE 23. U.S. ZERO-EMISSION AIRCRAFT MARKET, BY RANGE, 2030–2040 ($MILLION)
TABLE 24. U.S. ZERO-EMISSION AIRCRAFT MARKET, BY TYPE, 2030–2040 ($MILLION)
TABLE 25. CANADA ZERO-EMISSION AIRCRAFT MARKET, BY SOURCE, 2030–2040 ($MILLION)
TABLE 26. CANADA ZERO-EMISSION AIRCRAFT MARKET, BY APPLICATION, 2030–2040 ($MILLION)
TABLE 27. CANADA ZERO-EMISSION AIRCRAFT MARKET, BY RANGE, 2030–2040 ($MILLION)
TABLE 28. CANADA ZERO-EMISSION AIRCRAFT MARKET, BY TYPE, 2030–2040 ($MILLION)
TABLE 29. MEXICO ZERO-EMISSION AIRCRAFT MARKET, BY SOURCE, 2030–2040 ($MILLION)
TABLE 30. MEXICO ZERO-EMISSION AIRCRAFT MARKET, BY APPLICATION, 2030–2040 ($MILLION)
TABLE 31. MEXICO ZERO-EMISSION AIRCRAFT MARKET, BY RANGE, 2030–2040 ($MILLION)
TABLE 32. MEXICO ZERO-EMISSION AIRCRAFT MARKET, BY TYPE, 2030–2040 ($MILLION)
TABLE 33. EUROPE ZERO-EMISSION AIRCRAFT MARKET, BY SOURCE, 2030–2040 ($MILLION)
TABLE 34. EUROPE ZERO-EMISSION AIRCRAFT MARKET, BY APPLICATION, 2030–2040 ($MILLION)
TABLE 35. EUROPE ZERO-EMISSION AIRCRAFT MARKET, BY RANGE, 2030–2040 ($MILLION)
TABLE 36. EUROPE ZERO-EMISSION AIRCRAFT MARKET, BY TYPE, 2030–2040 ($MILLION)
TABLE 37. UK ZERO-EMISSION AIRCRAFT MARKET, BY SOURCE, 2030–2040 ($MILLION)
TABLE 38. UK ZERO-EMISSION AIRCRAFT MARKET, BY APPLICATION, 2030–2040 ($MILLION)
TABLE 39. UK ZERO-EMISSION AIRCRAFT MARKET, BY RANGE, 2030–2040 ($MILLION)
TABLE 40. UK ZERO-EMISSION AIRCRAFT MARKET, BY TYPE, 2030–2040 ($MILLION)
TABLE 41. GERMANY ZERO-EMISSION AIRCRAFT MARKET, BY SOURCE, 2030–2040 ($MILLION)
TABLE 42. GERMANY ZERO-EMISSION AIRCRAFT MARKET, BY APPLICATION, 2030–2040 ($MILLION)
TABLE 43. GERMANY ZERO-EMISSION AIRCRAFT MARKET, BY RANGE, 2030–2040 ($MILLION)
TABLE 44. GERMANY ZERO-EMISSION AIRCRAFT MARKET, BY TYPE, 2030–2040 ($MILLION)
TABLE 45. FRANCE ZERO-EMISSION AIRCRAFT MARKET, BY SOURCE, 2030–2040 ($MILLION)
TABLE 46. FRANCE ZERO-EMISSION AIRCRAFT MARKET, BY APPLICATION, 2030–2040 ($MILLION)
TABLE 47. FRANCE ZERO-EMISSION AIRCRAFT MARKET, BY RANGE, 2030–2040 ($MILLION)
TABLE 48. FRANCE ZERO-EMISSION AIRCRAFT MARKET, BY TYPE, 2030–2040 ($MILLION)
TABLE 49. RUSSIA ZERO-EMISSION AIRCRAFT MARKET, BY SOURCE, 2030–2040 ($MILLION)
TABLE 50. RUSSIA ZERO-EMISSION AIRCRAFT MARKET, BY APPLICATION, 2030–2040 ($MILLION)
TABLE 51. RUSSIA ZERO-EMISSION AIRCRAFT MARKET, BY RANGE, 2030–2040 ($MILLION)
TABLE 52. RUSSIA ZERO-EMISSION AIRCRAFT MARKET, BY TYPE, 2030–2040 ($MILLION)
TABLE 53. REST OF EUROPE ZERO-EMISSION AIRCRAFT MARKET, BY SOURCE, 2030–2040 ($MILLION)
TABLE 54. REST OF EUROPE ZERO-EMISSION AIRCRAFT MARKET, BY APPLICATION, 2030–2040 ($MILLION)
TABLE 55. REST OF EUROPE ZERO-EMISSION AIRCRAFT MARKET, BY RANGE, 2030–2040 ($MILLION)
TABLE 56. REST OF EUROPE ZERO-EMISSION AIRCRAFT MARKET, BY TYPE, 2030–2040 ($MILLION)
TABLE 57. ASIA-PACIFIC ZERO-EMISSION AIRCRAFT MARKET, BY SOURCE, 2030–2040 ($MILLION)
TABLE 58. ASIA-PACIFIC ZERO-EMISSION AIRCRAFT MARKET, BY APPLICATION, 2030–2040 ($MILLION)
TABLE 59. ASIA-PACIFIC ZERO-EMISSION AIRCRAFT MARKET, BY RANGE, 2030–2040 ($MILLION)
TABLE 60. ASIA-PACIFIC ZERO-EMISSION AIRCRAFT MARKET, BY TYPE, 2030–2040 ($MILLION)
TABLE 61. CHINA ZERO-EMISSION AIRCRAFT MARKET, BY SOURCE, 2030–2040 ($MILLION)
TABLE 62. CHINA ZERO-EMISSION AIRCRAFT MARKET, BY APPLICATION, 2030–2040 ($MILLION)
TABLE 63. CHINA ZERO-EMISSION AIRCRAFT MARKET, BY RANGE, 2030–2040 ($MILLION)
TABLE 64. CHINA ZERO-EMISSION AIRCRAFT MARKET, BY TYPE, 2030–2040 ($MILLION)
TABLE 65. JAPAN ZERO-EMISSION AIRCRAFT MARKET, BY SOURCE, 2030–2040 ($MILLION)
TABLE 66. JAPAN ZERO-EMISSION AIRCRAFT MARKET, BY APPLICATION, 2030–2040 ($MILLION)
TABLE 67. JAPAN ZERO-EMISSION AIRCRAFT MARKET, BY RANGE, 2030–2040 ($MILLION)
TABLE 68. JAPAN ZERO-EMISSION AIRCRAFT MARKET, BY TYPE, 2030–2040 ($MILLION)
TABLE 69. SOUTH KOREA ZERO-EMISSION AIRCRAFT MARKET, BY SOURCE, 2030–2040 ($MILLION)
TABLE 70. SOUTH KOREA ZERO-EMISSION AIRCRAFT MARKET, BY APPLICATION, 2030–2040 ($MILLION)
TABLE 71. SOUTH KOREA ZERO-EMISSION AIRCRAFT MARKET, BY RANGE, 2030–2040 ($MILLION)
TABLE 72. SOUTH KOREA ZERO-EMISSION AIRCRAFT MARKET, BY TYPE, 2030–2040 ($MILLION)
TABLE 73. REST OF ASIA-PACIFIC ZERO-EMISSION AIRCRAFT MARKET, BY SOURCE, 2030–2040 ($MILLION)
TABLE 74. REST OF ASIA-PACIFIC ZERO-EMISSION AIRCRAFT MARKET, BY APPLICATION, 2030–2040 ($MILLION)
TABLE 75. REST OF ASIA-PACIFIC ZERO-EMISSION AIRCRAFT MARKET, BY RANGE, 2030–2040 ($MILLION)
TABLE 76. REST OF ASIA-PACIFIC ZERO-EMISSION AIRCRAFT MARKET, BY TYPE, 2030–2040 ($MILLION)
TABLE 77. LAMEA ZERO-EMISSION AIRCRAFT MARKET, BY SOURCE, 2030–2040 ($MILLION)
TABLE 78. LAMEA ZERO-EMISSION AIRCRAFT MARKET, BY APPLICATION, 2030–2040 ($MILLION)
TABLE 79. LAMEA ZERO-EMISSION AIRCRAFT MARKET, BY RANGE, 2030–2040 ($MILLION)
TABLE 80. LAMEA ZERO-EMISSION AIRCRAFT MARKET, BY TYPE, 2030–2040 ($MILLION)
TABLE 81. LATIN AMERICA ZERO-EMISSION AIRCRAFT MARKET, BY SOURCE, 2030–2040 ($MILLION)
TABLE 82. LATIN AMERICA ZERO-EMISSION AIRCRAFT MARKET, BY APPLICATION, 2030–2040 ($MILLION)
TABLE 83. LATIN AMERICA ZERO-EMISSION AIRCRAFT MARKET, BY RANGE, 2030–2040 ($MILLION)
TABLE 84. LATIN AMERICA ZERO-EMISSION AIRCRAFT MARKET, BY TYPE, 2030–2040 ($MILLION)
TABLE 85. MIDDLE EAST ZERO-EMISSION AIRCRAFT MARKET, BY SOURCE, 2030–2040 ($MILLION)
TABLE 86. MIDDLE EAST ZERO-EMISSION AIRCRAFT MARKET, BY APPLICATION, 2030–2040 ($MILLION)
TABLE 87. MIDDLE EAST ZERO-EMISSION AIRCRAFT MARKET, BY RANGE, 2030–2040 ($MILLION)
TABLE 88. MIDDLE EAST ZERO-EMISSION AIRCRAFT MARKET, BY TYPE, 2030–2040 ($MILLION)
TABLE 89. AFRICA ZERO-EMISSION AIRCRAFT MARKET, BY SOURCE, 2030–2040 ($MILLION)
TABLE 90. AFRICA ZERO-EMISSION AIRCRAFT MARKET, BY APPLICATION, 2030–2040 ($MILLION)
TABLE 91. AFRICA ZERO-EMISSION AIRCRAFT MARKET, BY RANGE, 2030–2040 ($MILLION)
TABLE 92. AFRICA ZERO-EMISSION AIRCRAFT MARKET, BY TYPE, 2030–2040 ($MILLION)
TABLE 93. AERODELFT: COMPANY SNAPSHOT
TABLE 94. AERODELFT: PRODUCT PORTFOLIO
TABLE 95. AERODELFT: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 96. AIRBUS S.A.S.: COMPANY SNAPSHOT
TABLE 97. AIRBUS S.A.S.: OPERATING SEGMENTS
TABLE 98. AIRBUS S.A.S.: PRODUCT PORTFOLIO
TABLE 99. AIRBUS S.A.S.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 100. BYE AEROSPACE: COMPANY SNAPSHOT
TABLE 101. BYE AEROSPACE: PRODUCT PORTFOLIO
TABLE 102. BYE AEROSPACE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 103. EVIATION AIRCRAFT: COMPANY SNAPSHOT
TABLE 104. AERODELFT: PRODUCT PORTFOLIO
TABLE 105. EVIATION AIRCRAFT: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 106. HES ENERGY SYSTEMS: COMPANY SNAPSHOT
TABLE 107. HES ENERGY SYSTEMS: OPERATING SEGMENTS
TABLE 108. HES ENERGY SYSTEMS: PRODUCT PORTFOLIO
TABLE 109. HES ENERGY SYSTEMS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 110. JOBY AVIATION: COMPANY SNAPSHOT
TABLE 111. JOBY AVIATION: PRODUCT PORTFOLIO
TABLE 112. JOBY AVIATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 113. LILIUM: COMPANY SNAPSHOT
TABLE 114. LILIUM: PRODUCT PORTFOLIO
TABLE 115. LILIUM: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 116. PIPISTREL D.O.O.: COMPANY SNAPSHOT
TABLE 117. PIPISTREL D.O.O.: OPERATING SEGMENTS
TABLE 118. PIPISTREL D.O.O.: PRODUCT PORTFOLIO
TABLE 119. PIPISTREL D.O.O.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 120. WRIGHT ELECTRIC: COMPANY SNAPSHOT
TABLE 121. WRIGHT ELECTRIC: PRODUCT PORTFOLIO
TABLE 122. WRIGHT ELECTRIC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 123. ZEROAVIA, INC.: COMPANY SNAPSHOT
TABLE 124. ZEROAVIA, INC.: OPERATING SEGMENTS
TABLE 125. ZEROAVIA, INC.: PRODUCT PORTFOLIO
TABLE 126. ZEROAVIA, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. EXECUTIVE SUMMARY
FIGURE 03. EXECUTIVE SUMMARY
FIGURE 04. TOP IMPACTING FACTORS
FIGURE 05. TOP INVESTMENT POCKETS
FIGURE 06. TOP WINNING STRATEGIES, BY YEAR, 2018–2021*
FIGURE 07. TOP WINNING STRATEGIES, BY YEAR, 2018–2021*
FIGURE 08. TOP WINNING STRATEGIES, BY COMPANY, 2018–2021*
FIGURE 09. LOW-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 10. MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 11. LOW- TO-MODERATE THREAT OF SUBSTITUTES
FIGURE 12. LOW-TO-HIGH INTENSITY OF RIVALRY
FIGURE 13. LOW-TO-HIGH BARGAINING POWER OF BUYERS
FIGURE 14. KEY PLAYER POSITIONING (2020)
FIGURE 15. GLOBAL ZERO-EMISSION AIRCRAFT MARKET SHARE, BY SOURCE, 2030–2040 (%)
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF ZERO-EMISSION AIRCRAFT MARKET FOR HYDROGEN, BY COUNTRY, 2030 & 2040 ($MILLION)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF ZERO-EMISSION AIRCRAFT MARKET FOR ELECTRIC, BY COUNTRY, 2030 & 2040 ($MILLIONS)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF ZERO-EMISSION AIRCRAFT MARKET REVENUE FOR SOLAR BY COUNTRY, 2030 & 2040 ($MILLION)
FIGURE 19. GLOBAL ZERO-EMISSION AIRCRAFT MARKET SHARE, BY APPLICATION, 2030–2040 (%)
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF ZERO-EMISSION AIRCRAFT MARKET FOR PASSENGER AIRCRAFT, BY COUNTRY, 2030 & 2040 ($MILLION)
FIGURE 21. COMPARATIVE SHARE ANALYSIS OF ZERO-EMISSION AIRCRAFT MARKET FOR CARGO AIRCRAFT, BY COUNTRY, 2030 & 2040 ($MILLION)
FIGURE 22. GLOBAL ZERO-EMISSION AIRCRAFT MARKET SHARE, BY RANGE, 2030–2040 (%)
FIGURE 23. COMPARATIVE SHARE ANALYSIS OF ZERO-EMISSION AIRCRAFT MARKET FOR SHORT-HAUL, BY COUNTRY, 2030 & 2040 ($MILLION)
FIGURE 24. COMPARATIVE SHARE ANALYSIS OF ZERO-EMISSION AIRCRAFT MARKET FOR MEDIUM-HAUL, BY COUNTRY, 2030 & 2040 ($MILLION)
FIGURE 25. COMPARATIVE SHARE ANALYSIS OF ZERO-EMISSION AIRCRAFT MARKET FOR LONG-HAUL, BY COUNTRY, 2030 & 2040 ($MILLION)
FIGURE 26. GLOBAL ZERO-EMISSION AIRCRAFT MARKET SHARE, BY TYPE, 2030–2040 (%)
FIGURE 27. COMPARATIVE SHARE ANALYSIS OF ZERO-EMISSION AIRCRAFT MARKET FOR TURBOPROP REAR BULKHEAD, BY COUNTRY, 2030 & 2040 ($MILLION)
FIGURE 28. COMPARATIVE SHARE ANALYSIS OF ZERO-EMISSION AIRCRAFT MARKET FOR TURBOFAN SYSTEM, BY COUNTRY, 2030 & 2040 ($MILLION)
FIGURE 29. COMPARATIVE SHARE ANALYSIS OF ZERO-EMISSION AIRCRAFT MARKET FOR BLENDED WING BODY, BY COUNTRY, 2030 & 2040 ($MILLION)
FIGURE 30. GLOBAL ZERO-EMISSION AIRCRAFT MARKET, BY REGION, 2030-2040 (%)
FIGURE 31. COMPARATIVE SHARE ANALYSIS OF GLOBAL ZERO-EMISSION AIRCRAFT MARKET, BY COUNTRY, 2030–2040 (%)
FIGURE 32. U.S. ZERO-EMISSION AIRCRAFT MARKET, 2030–2040 ($MILLION)
FIGURE 33. CANADA ZERO-EMISSION AIRCRAFT MARKET, 2030–2040 ($MILLION)
FIGURE 34. MEXICO ZERO-EMISSION AIRCRAFT MARKET, 2030–2040 ($MILLION)
FIGURE 35. COMPARATIVE SHARE ANALYSIS OF GLOBAL ZERO-EMISSION AIRCRAFT MARKET, BY COUNTRY, 2030–2040 (%)
FIGURE 36. UK ZERO-EMISSION AIRCRAFT MARKET, 2030–2040 ($MILLION)
FIGURE 37. GERMANY ZERO-EMISSION AIRCRAFT MARKET, 2030–2040 ($MILLION)
FIGURE 38. FRANCE ZERO-EMISSION AIRCRAFT MARKET, 2030–2040 ($MILLION)
FIGURE 39. RUSSIA ZERO-EMISSION AIRCRAFT MARKET, 2030–2040 ($MILLION)
FIGURE 40. REST OF EUROPE ZERO-EMISSION AIRCRAFT MARKET, 2030–2040 ($MILLION)
FIGURE 41. COMPARATIVE SHARE ANALYSIS OF GLOBAL ZERO-EMISSION AIRCRAFT MARKET, BY COUNTRY, 2030–2040 (%)
FIGURE 42. CHINA ZERO-EMISSION AIRCRAFT MARKET, 2030–2040 ($MILLION)
FIGURE 43. JAPAN ZERO-EMISSION AIRCRAFT MARKET, 2030–2040 ($MILLION)
FIGURE 44. SOUTH KOREA ZERO-EMISSION AIRCRAFT MARKET, 2030–2040 ($MILLION)
FIGURE 45. REST OF ASIA-PACIFIC ZERO-EMISSION AIRCRAFT MARKET, 2030–2040 ($MILLION)
FIGURE 46. COMPARATIVE SHARE ANALYSIS OF GLOBAL ZERO-EMISSION AIRCRAFT MARKET, BY COUNTRY, 2030–2040 (%)
FIGURE 47. LATIN AMERICA ZERO-EMISSION AIRCRAFT MARKET, 2030–2040 ($MILLION)
FIGURE 48. MIDDLE EAST ZERO-EMISSION AIRCRAFT MARKET, 2030–2040 ($MILLION)
FIGURE 49. AFRICA ZERO-EMISSION AIRCRAFT MARKET, 2030–2040 ($MILLION)
FIGURE 50. AIRBUS S.A.S.: REVENUE, 2018–2020 ($MILLION)
FIGURE 51. AIRBUS S.A.S.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 52. AIRBUS S.A.S.: REVENUE SHARE BY REGION, 2020 (%)

 
 

The global zero-emission aircraft market is expected to witness significant growth due to rising demand for aircraft that run on zero-emission fuels such as hydrogen, electricity, and solar energy.

Increase in air passenger traffic across the globe and reduced GHG emissions are expected to drive the zero-emission aircraft market during the forecast period. However, technological challenges associated with solar, electric, and hydrogen-powered aircraft and high costs associated with the production and handling of hydrogen are anticipated to hamper the growth of the market. Moreover, proactive government initiatives toward the development of zero-emission aircraft and advancements in zero-emission aircraft technologies are expected to offer lucrative opportunities in future.

In the category of urban air transport and regional aircraft for short trips within densely populated areas, the battery-electric aircraft concepts are quite favorable while aircraft with hybrid propulsion systems based on fuel cells are expected to substitute today’s aircraft on short and medium-range flights over the years. Sustainable fuels, in combination with new gas turbine designs, have great possibility for reduction of emissions on medium and long-range flights. The usage of directly burned green hydrogen is attractive and is becoming a long-term focus for various companies operating in the global zero-emission market. New aircraft configurations are expected to soon offer the option of integrating new propulsion technologies efficiently. Moreover, technological advancements in the design and performance of electric and solar-powered aircraft are anticipated to further the growth of the zero-emission aircraft market during the forecast timeframe.

Zero-emission aircraft hold promising potential in reducing the operations cost and decreasing the release of harmful GHG emissions. Moreover, increased support by government to support the development of zero-emission aircraft technologies is anticipated to boost the growth of the zero-emission aircraft market during the forecast period.

Among the analyzed regions, Europe is the highest revenue contributor, followed by North America, Asia-Pacific, and LAMEA. Asia-Pacific is expected to grow at a significant CAGR during the forecast period, owing to increase in R&D activities, technological developments by big players, and rapid adoption of innovative zero-emission aircraft technologies in the region.

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A. The global zero-emission aircraft market is valued at $ 29,243.85 million in 2030, and is projected to reach $ 1,91,975.76 million by 2040, registering a CAGR of 20.7% from 2030 to 2040.

A. The report sample for global zero-emission aircraft market report can be obtained on demand from the website.

A. The increased demand for cutting-edge hydrogen and electric propulsion; and faster development of infrastructure required for zero-emission aircraft across different nations worldwide.

A. Agreement, Partnership, Product launch, and Product development are the top most competitive developments which are adopted by the leading market players in the global zero-emission aircraft market

A. The company profiles of the top players of the market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the industry along with their last three-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated

A. Based on the zero-emission aircraft market analysis, Europe region accounted for the highest revenue contribution in 2020 and Asia-Pacific is expected to see lucrative business opportunities during the forecast period

A. By source, the solar segment is expected to gain traction over the forecast period

A. UK, U.S. and China are key matured markets growing in the global zero-emission aircraft market

A. The rising demand for hydrogen-powered aircraft throughout the world; and emergence of various start-ups in the zero-emission aircraft space.

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