Global Zero Emission Airplanes Market Highlights over 2020-2030
The global zero emission airplanes market is estimated to garner a significant CAGR over the forecast period, i.e., 2021–2030. The growth of the market can be attributed to the increasing need to reduce the carbon emission of aircrafts to curb the air pollution. Zero emission airplanes are a concept of using hydrogen, electricity, or solar energy to power the aircraft, in order to completely diminish any aviation pollution. The major pollutant from aircrafts is NO2 and other unfiltered particles. The aviation pollution has increased more than 18% since 1990s, and was responsible for more than 6000 premature deaths in 2019. The concept of zero emission airplanes is still under development, and is estimated to attain physical state by the end of 2035. This is estimated to significantly boost the market growth. Moreover, increasing investment in this concept, and other innovations in the aerospace industry, are expected to boost the market growth.
The global zero emission airplanes market is segmented by vehicle type into commercial airplanes, helicopters, air mobility vehicles, and others, out of which, the commercial airplane segment is anticipated to hold the notable share in the market during the forecast period on account of increasing innovation in the aerospace industry, along with increasing investment in the direction. On the basis of end-user, the market is segmented into defense, commercial, and others, out of which, the commercial segment is estimated to gain the major share over the forecast period, owing to the mounting research and development ongoing for making zero emission commercial planes. CLICK TO DOWNLOAD SAMPLE REPORT
Global Zero Emission Airplanes Market Regional Synopsis
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 garner notable share over the forecast period on the back of highest number of airplanes and other aviation vehicles present in countries, such as, the U.S., with more than 1900 airports in the nation. Moreover, increasing innovation and technological advancements in the region is estimated to boost the market growth in the region. The market in the Europe region is estimated to witness major growth over the forecast period owing to the ongoing research and innovation in technology, in countries, including Sweden, France, and Germany, among others. The major players in the aircraft market are estimated to invest heavily in this concept in the coming years, which is anticipated to boost the market growth.
The global zero emission airplanes market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Market Segmentation
Our in-depth analysis of the global zero emission airplanes market includes the following segments:
By Technology
- Hydrogen
- Electric
- Solar
By Vehicle Type
- Commercial Airplanes
- Helicopter
- Air Mobility Vehicles
- Others
By End-User
- Defense
- Commercial
- Others
Growth Drivers
- Initiatives to Reduce Pollution caused by Aircrafts
- Increasing Innovation in Technology
Challenges
- High Initial Investment
Top Featured Companies Dominating the Market
The market is dominated by Airbus SAS, which is currently working on the concept of zero emission airplanes, and is estimated to start the production between 2030-2035. However, other major players of the aerospace industry are anticipated to step into the market in the upcoming years.
