Research Nester published a report titled “Zero Emission Airplanes Market: Global Demand Analysis & Opportunity Outlook 2030″ which delivers detailed overview of the global zero emission airplanes market in terms of market segmentation by technology, vehicle type, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global zero emission airplanes market size is projected to surpass around USD 65 billion by 2030 from valued at USD 17 billion in 2021 and growing at a CAGR of ~15% over the forecast period, i.e., 2021-2030. The market is segmented on the basis of vehicle type into commercial airplanes, helicopters, air mobility vehicles, and others, out of which, the commercial airplane segment is projected to gain the largest share over the forecast period, on the back of increasing investment in developing zero-emission airplanes by the key market player.
On the basis of end-user, the market is segmented into defense, commercial, and others, out of which, the commercial segment is expected to garner a major share during the forecast period, owing to the rising funding in the research and development for the production of zero emission commercial aircrafts.
The market is estimated to grow on the back of increasing initiatives to curb the aviation pollution, which majorly includes nitrogen dioxide (NO2), which is very toxic for all living organisms. Zero emission airplane is a concept of creating completely hydrogen-powered airplane that generates no pollution. The production of these airplanes is estimated to begin around 2030-2035. Moreover, increasing investment in innovation of new technology is also estimated to boost the market growth.
Regionally, the global zero emission airplanes market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America region is estimated to hold a notable market share throughout the forecast period owing to the increasing technological advancement, coupled with the presence of large number of airports in the region.
The United States has more than 1900 functioning airports. The market in the Europe region is projected to witness major growth over the forecast period on the back of the research and development for the advancement in technology, in countries, such as, France, Sweden, and Germany.
Increasing Awareness Regarding Aviation Pollution likely to Boost the Market Growth
In 2019, pollution caused by aircrafts was responsible for more than 6000 premature deaths. The level of aviation pollution has increased more than 18% since 1990s, and is increasing at a terrifying pace.
Aviation pollution is one of the major contributing factors for the depletion of ozone layer, along with releasing toxic gases in the environment. The rising concerns to reduce aviation pollution, and environmental awareness, is estimated to boost the market growth.
However, this concept is still at the developmental stage, where huge investment is required for research and development of technology. This is expected to operate as the key restraint to the growth of global zero emission airplanes market over the forecast period.
This report covers the company profiling of Airbus SAS, which is currently working on the concept of zero emission airplanes and has announced three designs for zero emission airplanes. However, various key players of automotive market are expected to enter the market in the upcoming years. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.
On the whole, the report depicts detailed overview of the global zero emission airplanes market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.