Our in-depth analysis of the global zero emission airplanes market includes the following segments:
By Vehicle Type
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:
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.
September, 2020: Airbus released a proposal to launch a series of zero-emission aircraft using hydrogen fuel, with three aircraft designs.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Ipsheeta Dash, Sadaf Naaz
Ans: Growing concerns for rising aviation pollution is one of the major factors driving the market growth.
Ans: The market is anticipated to attain a significant CAGR over the forecast period, i.e., 2021-2030.
Ans: Requirement of high investment is a major factor estimated to hamper the market growth.
Ans: The market in the North America will provide the highest growth opportunities for the market during the forecast period on the back of increasing investment in innovation and advancement of technology.
Ans: The major player in the market is Airbus SAS, however, other major aerospace market key players are estimated to enter the market in the upcoming years.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by technology, vehicle, end-user, and by region.
Ans: The commercial segment is anticipated to hold the largest market share during the forecast period on the back of increasing investment in the development of zero emission commercial planes.