The Future of Aviation and Sustainable Flights Depends on Hydrogen Aircraft, says Market.us

Hydrogen aircraft markets are booming. Many innovative designs and technologies can be used to reduce carbon emissions. Hydrogen-powered aircraft are in high demand due to their potential to reduce greenhouse gas emissions and other environmental impacts of traditional aviation. To minimize their environmental impact, many airlines have turned to hydrogen fuel-cell engines to remain competitive in the airline sector.

The advantages of a hydrogen-powered aircraft include a higher efficiency than a traditional jet engine, lower maintenance costs, and less noise pollution. They are also an alternative power source to fossil fuels that can reduce pollution and global warming. Because hydrogen is more affordable than gasoline or diesel fuels, it’s also more efficient in energy.

According to a report by Market.us, The Global Hydrogen Aircraft Market is projected to be USD 1.41 Bn in 2022 to reach USD 7.43 Bn by 2031 at a CAGR of 28.9%.

Anurag Sharma, a senior research analyst at market.us, said,” The shift in focus of the aviation industry to de-carbonization, hydrogen aircraft’s advantages over traditional aircraft, and the increasing number of passengers flying are some of the key factors expected to boost global hydrogen aircraft market expansion.”

The global aviation sector contributes approximately 2.5% to the global total carbon emission. The growth of hydrogen aircraft is facilitated by the government’s increasing efforts to reduce carbon footprint, promote sustainable and environmentally-friendly commute options, and increase the use of these solutions. Many European Union members, such as France and Germany, are developing their National Hydrogen Strategies to reduce carbon footprints in aviation.

Because it is more difficult to build electric aircraft than electric vehicles, aviation is one of the most challenging industries to clean up. Long flights are impossible with bulky batteries charged with wind and renewable solar energy. Airlines and plane manufacturers are currently working together to create planes that can burn cleaner fuels such as hydrogen. This produces water vapor rather than carbon dioxide.

Recently, Rolls-Royce, a British engineer, has succeeded in using hydrogen to power an aircraft engine. This is a first-of-its-kind for the aviation industry. Rolls-Royce used a modified AE 2100-A turboprop motor that powers military and civil aircraft to carry out the test.

This test is yet another step in the industry’s efforts to demonstrate hydrogen can play a role in helping companies reduce their carbon emissions, which contribute to climate change.

The United Nations has backed the Race to Zero pledge, which aims to achieve net zero carbon emissions by 2050. As an alternative to petroleum-based jet fuel, airlines are pushing for more sustainable fuel.

The growing concerns about climate change and global warming have forced governments all over the globe to choose strategies that encourage decarbonization. There is a lot of pressure on governments from different countries to reach the UN’s climate change targets. The collective efforts of different countries to promote sustainable aviation solutions will drive growth in the global hydrogen aircraft industry.

According to technology, the hybrid electric aircraft segment was dominant in 2021. This is due to hybrid electric aircraft’s ability to use hydrogen and electric power. Alternate fuel may be used in the event of a shortage of one fuel. The electric power infrastructure is more advanced than the hydrogen power network. The forecast period will also increase hybrid electric aircraft adoption due to growing concerns about carbon emissions.

The fastest-growing segment is expected to be full hydrogen aircraft during the forecast period. The demand for fully hydrogen-powered aircraft will increase due to the rising investment in developing strong hydrogen-power infrastructures across developed and developing nations. Hydrogen power has a lower environmental impact than electric power. This is why more investment is being made in hydrogen infrastructure around the globe.

The high equipment cost for hydrogen production can hamper the market’s revenue growth. Furthermore, efficient packaging solutions are required for hydrogen storage and transportation. This can raise the cost of hydrogen and limit its use as a fuel. Other factors that could limit market revenue growth are the COVID-19 pandemic lockdowns and shutdowns of manufacturing plants, which will result in a lack of raw materials.