出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年7月
航空機用燃料電池市場 : 燃料の種類 (水素、炭化水素、その他)、出力 (0 ～ 100kW、100 kW ～ 1MW、1MW 以上)、航空機の種類 (固定翼、回転翼、UAV、AAM)、地域 (北米、ヨーロッパ、APAC、RoW) – 2035年までの世界予測
Aircraft Fuel Cells Market by Fuel Type (Hydrogen, Hydrocarbon, Others), Power Output (0-100kW, 100 kW- 1MW, 1MW & Above), Aircraft Type (Fixed-Wing, Rotary Wing, UAVs, AAMs) and Region (North America, Europe, APAC, RoW) – Global Forecast to 2035
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| 種別 | 英文調査報告書 |
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The aircraft fuel cell market is expected to grow from USD 1.6 billion at a CAGR of 10.8% during the forecast period, reaching USD 5.7 billion by 2035. Market expansion is likely to be driven by factors such as stringent environmental regulations, growing sustainability initiatives, increasing emphasis on reducing operational costs, advancements in fuel cell technology, and the need for enhanced energy efficiency and range in aircraft operations.
“ Stringent Environment Regulations and need for sustainable aviation practices to increase the adoption of fuel cells. “
Increasingly stringent environmental regulations, such as emission standards set by international bodies like the International Civil Aviation Organization (ICAO), are driving the market expansion of aircraft fuel cells. These regulations aim to reduce carbon emissions and address climate change concerns. Fuel cells, with their low or zero emissions profile, enable compliance with these regulations, making them an attractive choice for airlines and aircraft operators striving to meet environmental targets. The aviation industry’s growing focus on sustainability and corporate social responsibility is a significant factor driving the expansion of the aircraft fuel cells market. Airlines and aviation stakeholders are actively adopting sustainable practices to minimize their environmental impact. Fuel cells offer a clean and green energy solution, aligning with sustainability initiatives and enhancing the industry’s reputation for responsible and eco-friendly operations. This growing emphasis on sustainability drives the demand for aircraft fuel cells and contributes to their market expansion. Airlines and aircraft operators are increasingly focused on reducing operational costs to enhance profitability. Fuel is a significant expense for the aviation industry, and rising fuel prices impact operational budgets. Fuel cells, with their higher energy efficiency compared to traditional combustion engines, offer cost-saving potential. By reducing fuel consumption and dependency on conventional fuels, fuel cells can help airlines achieve operational cost savings, making them an attractive investment and driving market expansion.
“Based on Fuel Type, the Hydrogen Fuel Cell segment accounts for the largest market size during the forecast period.”
Based on fuel type, the aircraft fuel cell market has been segmented into hydrogen fuel cells, hydrocarbon fuel cells, and others. The hydrogen fuel cell segment is expected to dominate the aircraft fuel cell market for several significant reasons. Firstly, hydrogen fuel cells offer a clean and sustainable energy source, aligning with the aviation industry’s increasing focus on reducing carbon emissions and achieving environmental sustainability targets. By utilizing hydrogen as a fuel, fuel cells generate electricity without producing harmful emissions, supporting compliance with stringent emission regulations. Moreover, continuous advancements in hydrogen infrastructure and storage technologies have facilitated the integration of hydrogen fuel cells in aircraft, driving their market dominance. These factors make hydrogen fuel cells an attractive solution for aircraft propulsion, contributing to their leading position in the market.
“Based on the Power Output, the 0-100 kW segment is projected to hold the highest market share during the forecast period.”
Based on power output, the aircraft fuel cell market has been segmented into 0-100 kW, 100 kW- 1 MW, and 1 MW & above. The 0-100kW segment is poised to hold a greater market share in the aircraft fuel cell market in the upcoming years, driven by several key factors. Firstly, the rising demand for smaller aircraft and unmanned aerial vehicles (UAVs) across various industries is fueling the need for compact and lightweight power solutions. The 0-100kW segment perfectly aligns with the power requirements of these aircraft, offering an optimal balance between power output and size. Moreover, advancements in fuel cell technology have improved the efficiency and performance of fuel cells within this power range, making them a reliable and cost-effective choice for auxiliary power units (APUs), emergency power systems, and other essential aircraft operations. As the market for smaller aircraft and UAVs continues to grow, the 0-100kW segment is expected to capture a larger market share in the aircraft fuel cell industry.
“Asia Pacific is projected to grow at the highest CAGR during the forecast period.”
The APAC region is estimated to account for a larger share aircraft fuel cell market in 2023. In this region, the aircraft fuel cell market has been studied for China, India, Japan, Australia, South Korea, and the Rest of APAC. Countries in the Asia Pacific region are upgrading their capabilities by undergoing developments in the field of aircraft fuel cells. The APAC region is also one of the fastest-growing regions in the world for air travel. As the number of air passengers increases, so too will the demand for fuel-efficient aircraft. Fuel cells offer a significant advantage in terms of fuel efficiency, and as a result, they are seen as a promising technology for the future of air travel. The APAC region also has a strong manufacturing base that is capable of producing fuel cells at a competitive cost. This is another important factor, as the cost of fuel cells is a key factor in their adoption by the aviation industry. APAC is home to some of the world’s fastest-growing aviation markets, with increasing air travel demand and a rising number of commercial aircraft. This growth presents a substantial opportunity for the adoption of aircraft fuel cells. The governments in APAC countries are actively investing in clean energy technologies and sustainable aviation initiatives. These initiatives include the development of hydrogen infrastructure, research and development programs, and supportive policies for the deployment of fuel cell technology.
The break-up of the profile of primary participants in the ultralight and light aircraft market:
• By Company Type: Tier 1 – 49%, Tier 2 – 37%, and Tier 3 – 14%
• By Designation: C Level – 55%, Director Level – 27%, and Others – 18%
• By Region: North America – 45%, Europe – 26%, Asia Pacific –16%, Rest of the World- 13%.
Major players operating in the aircraft fuel cell market are ZeroAvia Inc. (US), Intelligent Energy Limited (UK), Piasecki Aircraft Corporation (US), Doosan Mobility Innovation (South Korea), and H3 Dynamics (Singapore), among others.
Research Coverage:
This research report categorizes the aircraft fuel cell market basis on Fuel Type (hydrogen fuel cells, hydrocarbon fuel cells, and others), By Power Output (0-100 kW, 100 kW – 1 MW, 1 MW & Above), Aircraft Type (Fixed Wing, Rotary Wing, UAVs, AAM), in these segments have been mapped across major Regions (North America, Europe, Asia Pacific, and Rest of the World). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the aircraft fuel cell market. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; agreements, collaborations, new product launches, contracts, expansion, acquisitions, and partnerships associated with the aircraft fuel cell market. Competitive analysis of upcoming startups in the aircraft fuel cell market ecosystem is covered in this report.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall aircraft fuel cell market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on aircraft fuel cells offered by the top players in the market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the aircraft fuel cell market
• Market Development: Comprehensive information about lucrative markets – the report analyzes the aircraft fuel cell market across varied regions
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the aircraft fuel cell market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players in the aircraft fuel cell market.
目次
1 INTRODUCTION 26
1.1 STUDY OBJECTIVES 26
1.2 MARKET DEFINITION 26
1.3 STUDY SCOPE 27
1.3.1 AIRCRAFT FUEL CELL MARKET SEGMENTATION 27
1.3.2 REGIONAL SCOPE 27
1.3.3 YEARS CONSIDERED 28
1.4 CURRENCY CONSIDERED 28
TABLE 1 USD EXCHANGE RATES 28
1.5 STAKEHOLDERS 29
1.6 INCLUSIONS AND EXCLUSIONS 29
TABLE 2 AIRCRAFT FUEL CELL MARKET, BY AIRCRAFT TYPE 29
2 RESEARCH METHODOLOGY 30
2.1 RESEARCH DATA 30
FIGURE 1 REPORT PROCESS FLOW 30
FIGURE 2 AIRCRAFT FUEL CELL MARKET: RESEARCH DESIGN 31
2.1.1 SECONDARY DATA 31
2.1.1.1 Key data from secondary sources 32
2.1.2 PRIMARY DATA 32
2.1.2.1 Key primary sources: by company type, designation, and region 32
2.2 FACTOR ANALYSIS 33
2.2.1 INTRODUCTION 33
2.2.2 DEMAND-SIDE INDICATORS 33
2.2.2.1 Increasing environmental regulations 34
2.2.2.2 Rising fuel costs 34
2.2.2.3 Increasing focus on sustainable aviation 34
2.2.3 SUPPLY-SIDE ANALYSIS 34
2.2.3.1 Advancements in technology 34
2.2.3.2 Increasing fuel cell manufacturing 34
2.2.3.3 Cost reduction initiatives 35
2.2.3.4 Collaboration between industry stakeholders 35
2.3 MARKET DEFINITION AND SCOPE 35
2.3.1 SEGMENTS AND SUBSEGMENTS 36
2.3.2 EXCLUSIONS 36
2.3.3 PRIMARY INTERVIEWEE DETAILS 37
2.4 MARKET SIZE ESTIMATION AND METHODOLOGY 37
2.4.1 BOTTOM-UP APPROACH 37
2.4.1.1 Aircraft fuel cell market for aircraft type 1 38
2.4.1.2 Aircraft fuel cell market for aircraft type 2 38
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 39
2.4.2 TOP-DOWN APPROACH 39
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 39
2.5 TRIANGULATION AND VALIDATION 40
FIGURE 5 DATA TRIANGULATION 40
2.5.1 TRIANGULATION THROUGH PRIMARY AND SECONDARY RESEARCH 40
2.6 MARKET SIZING AND FORECASTING 41
2.7 RECESSION IMPACT ANALYSIS 41
2.7.1 RESEARCH ASSUMPTIONS 42
2.8 RESEARCH LIMITATIONS 42
2.9 RISKS 42
2.10 GROWTH FORECAST 43
3 EXECUTIVE SUMMARY 44
FIGURE 6 PEMFC SEGMENT TO HAVE LARGEST MARKET SHARE FROM 2023 TO 2035 44
FIGURE 7 10 KW–100 KW SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 45
FIGURE 8 NORTH AMERICA ACCOUNTED FOR LARGEST MARKET SHARE IN 2023 45
4 PREMIUM INSIGHTS 46
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN AIRCRAFT FUEL CELL MARKET 46
FIGURE 9 INCREASE IN RETROFITTING OF FUEL CELLS IN AIRCRAFT TO DRIVE MARKET 46
4.2 AIRCRAFT FUEL CELL MARKET, BY AIRCRAFT TYPE 46
FIGURE 10 UAV SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 46
4.3 AIRCRAFT FUEL CELL MARKET, BY COUNTRY/REGION 47
FIGURE 11 CANADA TO REGISTER HIGHEST CAGR FROM 2023 TO 2035 47
5 MARKET OVERVIEW 48
5.1 INTRODUCTION 48
5.2 MARKET DYNAMICS 49
FIGURE 12 AIRCRAFT FUEL CELL MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 49
5.2.1 DRIVERS 49
5.2.1.1 Rising conventional fuel prices 49
5.2.1.2 Rising focus on sustainable aviation 50
5.2.1.3 Technological advancements and cost reductions in aircraft fuel cells 50
5.2.2 RESTRAINTS 51
5.2.2.1 Hydrogen storage and cooling 51
5.2.2.2 Premium charge for fuel cells hinders widespread adoption 51
5.2.3 OPPORTUNITIES 52
5.2.3.1 Innovation in HTPEM technology 52
5.2.3.2 Reduced noise levels 52
5.2.3.3 Leveraging fuel cell technology to power smaller aircraft 53
5.2.4 CHALLENGES 53
5.2.4.1 Overcoming commercial feasibility challenges of hydrogen for fuel cell adoption 53
5.2.4.2 Overcoming architectural challenges for fuel cell integration in larger aircraft 54
5.2.4.3 Improving heat removal capabilities of LTPEM fuel cells for effective integration in aircraft systems 54
5.3 PRICING ANALYSIS 55
TABLE 3 AVERAGE SELLING PRICE RANGE: AIRCRAFT FUEL CELLS, BY TYPE (USD) 55
5.4 VALUE CHAIN 55
FIGURE 13 AIRCRAFT FUEL CELL MARKET: VALUE CHAIN ANALYSIS 55
5.5 AIRCRAFT FUEL CELL MARKET ECOSYSTEM 56
5.5.1 PROMINENT COMPANIES 56
5.5.2 PRIVATE AND SMALL ENTERPRISES 57
5.5.3 END USERS 57
TABLE 4 AIRCRAFT FUEL CELL MARKET ECOSYSTEM MAP 57
FIGURE 14 AIRCRAFT FUEL CELL MARKET ECOSYSTEM 58
5.6 TRADE DATA STATISTICS 58
TABLE 5 TRADE DATA TABLE FOR AIRCRAFT FUEL CELLS 58
5.7 TECHNOLOGY TRENDS IN AIRCRAFT FUEL CELL MARKET 59
5.7.1 ADVANCEMENTS IN FUEL CELL TECHNOLOGY 59
5.7.2 FUEL CELL HYBRID SYSTEMS 59
5.7.3 UTILIZATION OF ALTERNATIVE FUELS 59
5.8 CASE STUDY ANALYSIS 60
5.8.1 ZEROAVIA: HYDROGEN-ELECTRIC AIRCRAFT 60
5.8.2 BOEING: FUEL-CELL POWERED UAV 60
5.8.3 AIRBUS: E-FAN X HYBRID-ELECTRIC AIRCRAFT 60
5.9 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 60
5.9.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR AIRCRAFT FUEL CELL PRODUCT AND SOLUTION MANUFACTURERS 60
FIGURE 15 REVENUE SHIFT IN AIRCRAFT FUEL CELL MARKET 61
5.10 PORTER’S FIVE FORCES ANALYSIS 61
TABLE 6 AIRCRAFT FUEL CELL MARKET: PORTER’S FIVE FORCES ANALYSIS 61
FIGURE 16 AIRCRAFT FUEL CELL MARKET: PORTER’S FIVE FORCES ANALYSIS 62
5.10.1 THREAT OF NEW ENTRANTS 62
5.10.2 THREAT OF SUBSTITUTES 62
5.10.3 BARGAINING POWER OF SUPPLIERS 63
5.10.4 BARGAINING POWER OF BUYERS 63
5.10.5 INTENSITY OF COMPETITIVE RIVALRY 63
5.11 KEY STAKEHOLDERS AND BUYING CRITERIA 63
5.11.1 KEY STAKEHOLDERS IN BUYING PROCESS 64
FIGURE 17 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF AIRCRAFT FUEL CELL PRODUCTS AND SYSTEMS 64
TABLE 7 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF AIRCRAFT FUEL CELL PRODUCTS AND SYSTEMS (%) 64
5.11.2 BUYING CRITERIA 65
FIGURE 18 KEY BUYING CRITERIA FOR AIRCRAFT FUEL CELL PRODUCTS AND SYSTEMS 65
TABLE 8 KEY BUYING CRITERIA FOR AIRCRAFT FUEL CELL PRODUCTS AND SYSTEMS 65
5.12 KEY CONFERENCES AND EVENTS IN 2023–2024 66
TABLE 9 AIRCRAFT FUEL CELL MARKET: DETAILED LIST OF CONFERENCES AND EVENTS 66
5.13 TARIFF AND REGULATORY LANDSCAPE FOR AEROSPACE INDUSTRY 67
TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 67
TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 68
TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 69
TABLE 13 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 70
6 INDUSTRY TRENDS 71
6.1 INTRODUCTION 71
6.2 TECHNOLOGICAL ADVANCEMENTS IN AIRCRAFT FUEL CELLS 71
6.2.1 HIGH POWER DENSITY OFFERED BY SOLID-OXIDE FUEL CELLS TO EXPAND OPPORTUNITIES IN FUTURISTIC AIR MOBILITY SOLUTIONS 71
6.2.2 BLOCKCHAIN 72
6.2.3 HYDROGEN INFRASTRUCTURE DEVELOPMENT 72
6.2.4 LOW-TEMPERATURE PROTON EXCHANGE MEMBRANE FUEL CELLS 72
6.3 EMERGING TRENDS IN AIRCRAFT FUEL CELL MANUFACTURING 73
6.3.1 3D PRINTING 73
6.3.2 BIG DATA 74
6.3.3 PREDICTIVE MAINTENANCE 74
6.4 SUPPLY CHAIN ANALYSIS 74
FIGURE 19 SUPPLY CHAIN ANALYSIS 75
6.5 USE CASES 75
6.5.1 AIRBUS DEVELOPS HYBRID COMMERCIAL AIRLINERS RUN BY FUEL CELLS 75
6.5.2 HYPOINT AND PIASECKI AIRCRAFT CORPORATION: COLLABORATION ON ZERO CARBON-EMISSION HYDROGEN FUEL CELL SYSTEMS FOR EVTOLS 76
6.5.3 ZEROAVIA AND ALASKA AIRLINES: COLLABORATION ON HYDROGEN-ELECTRIC POWERTRAIN FOR REGIONAL AIRCRAFT 76
6.6 PATENT ANALYSIS 77
TABLE 14 INNOVATIONS AND PATENT REGISTRATIONS 77
7 AIRCRAFT FUEL CELL MARKET, BY FUEL TYPE 80
7.1 INTRODUCTION 81
FIGURE 20 AIRCRAFT FUEL CELL MARKET, BY FUEL TYPE, 2023–2035 (USD MILLION) 81
TABLE 15 AIRCRAFT FUEL CELL MARKET FOR HYDROGEN FUEL CELLS, BY FUEL TYPE, 2019–2022 (USD MILLION) 81
TABLE 16 AIRCRAFT FUEL CELL MARKET FOR HYDROGEN FUEL CELLS, BY FUEL TYPE, 2023–2035 (USD MILLION) 81
7.2 HYDROGEN FUEL CELLS 82
7.2.1 PROTON EXCHANGE MEMBRANE FUEL CELLS 82
7.2.1.1 Favorable characteristics to drive demand for PEM Fuel Cells 82
7.2.2 SOLID OXIDE FUEL CELLS 83
7.2.2.1 Potential applications of SOFC in aircraft fuel cells to drive market 83
7.2.3 OTHERS 83
7.3 HYDROCARBON FUEL CELLS 84
7.3.1 VERSATILITY AND EASE OF USE WITH ADVANCEMENTS IN TECHNOLOGY TO DRIVE DEMAND 84
7.4 OTHERS 85
8 AIRCRAFT FUEL CELL MARKET, BY POWER OUTPUT 86
8.1 INTRODUCTION 87
FIGURE 21 AIRCRAFT FUEL CELL MARKET, BY POWER OUTPUT, 2023–2035 (USD MILLION) 87
TABLE 17 AIRCRAFT FUEL CELL MARKET, BY POWER OUTPUT, 2019–2022 (USD MILLION) 87
TABLE 18 AIRCRAFT FUEL CELL MARKET, BY POWER OUTPUT, 2023–2035 (USD MILLION) 87
8.2 10 KW–100 KW 88
8.2.1 INCREASING DEMAND FOR FUEL CELL SYSTEMS FOR SMALL AIRCRAFT TO DRIVE SEGMENT 88
8.3 100 KW–1 MW 88
8.3.1 REQUIREMENT FOR FUEL CELL SYSTEMS FOR LARGER AIRCRAFT TO DRIVE SEGMENT 88
8.4 1 MW & ABOVE 88
8.4.1 TECHNOLOGICAL ADVANCEMENTS AND HIGH-POWER OUTPUT REQUIREMENTS TO DRIVE DEMAND 88
9 AIRCRAFT FUEL CELL MARKET, BY AIRCRAFT TYPE 89
9.1 INTRODUCTION 90
FIGURE 22 AIRCRAFT FUEL CELL MARKET, BY AIRCRAFT TYPE, 2023–2035 (USD MILLION) 90
TABLE 19 AIRCRAFT FUEL CELL MARKET, BY AIRCRAFT TYPE, 2019–2022 (USD MILLION) 90
TABLE 20 AIRCRAFT FUEL CELL MARKET, BY FUEL TYPE, 2023–2035 (USD MILLION) 91
9.2 FIXED-WING 91
9.2.1 ONGOING DEVELOPMENTS TO DRIVE FIXED-WING SEGMENT 91
TABLE 21 FIXED-WING: AIRCRAFT FUEL CELL MARKET, BY TYPE, 2019–2022 (USD MILLION) 91
TABLE 22 FIXED-WING: AIRCRAFT FUEL CELL MARKET, BY TYPE, 2023–2035 (USD MILLION) 92
9.3 ROTARY-WING 92
9.3.1 UNDERDEVELOPMENT PROJECTS, ONCE COMPLETED, TO DRIVE ROTARY-WING SEGMENT 92
TABLE 23 ROTARY-WING: AIRCRAFT FUEL CELL MARKET, BY TYPE, 2019–2022 (USD MILLION) 92
TABLE 24 ROTARY-WING: AIRCRAFT FUEL CELL MARKET, BY TYPE, 2023–2035 (USD MILLION) 93
9.4 UNMANNED AERIAL VEHICLE 93
9.4.1 EXPANDING CAPABILITIES TO DRIVE DEMAND FOR UNMANNED AERIAL VEHICLES 93
9.5 ADVANCED AIR MOBILITY 93
9.5.1 INTEGRATION OF FUEL CELL TECHNOLOGY TO DRIVE MARKET FOR ADVANCED AIR MOBILITY 93
TABLE 25 ADVANCED AIR MOBILITY: AIRCRAFT FUEL CELL MARKET, BY TYPE, 2019–2022 (USD MILLION) 94
TABLE 26 ADVANCED AIR MOBILITY: AIRCRAFT FUEL CELL MARKET, BY TYPE, 2023–2035 (USD MILLION) 94
10 AIRCRAFT FUEL CELL MARKET, BY REGION 95
10.1 INTRODUCTION 96
FIGURE 23 AIRCRAFT FUEL CELL MARKET: REGIONAL SNAPSHOT 96
TABLE 27 AIRCRAFT FUEL CELL MARKET, BY REGION, 2019–2022 (USD MILLION) 96
TABLE 28 AIRCRAFT FUEL CELL MARKET, BY REGION, 2023–2035 (USD MILLION) 97
10.2 NORTH AMERICA 97
FIGURE 24 NORTH AMERICA: AIRCRAFT FUEL CELL MARKET SNAPSHOT 98
10.2.1 PESTLE ANALYSIS: NORTH AMERICA 98
TABLE 29 NORTH AMERICA: AIRCRAFT FUEL CELL MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 99
TABLE 30 NORTH AMERICA: AIRCRAFT FUEL CELL MARKET, BY COUNTRY, 2023–2035 (USD MILLION) 100
TABLE 31 NORTH AMERICA: AIRCRAFT FUEL CELL MARKET, BY HYDROGEN FUEL CELL TYPE, 2019–2022 (USD MILLION) 100
TABLE 32 NORTH AMERICA: AIRCRAFT FUEL CELL MARKET, BY HYDROGEN FUEL CELL TYPE, 2023–2035 (USD MILLION) 100
TABLE 33 NORTH AMERICA: AIRCRAFT FUEL CELL MARKET, BY AIRCRAFT TYPE, 2019–2022 (USD MILLION) 100
TABLE 34 NORTH AMERICA: AIRCRAFT FUEL CELL MARKET, BY AIRCRAFT TYPE, 2023–2035 (USD MILLION) 101
10.2.2 US 101
10.2.2.1 Presence of leading aircraft fuel cell manufacturers to drive market 101
TABLE 35 US: AIRCRAFT FUEL CELL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION) 101
TABLE 36 US: AIRCRAFT FUEL CELL MARKET, BY FUEL TYPE, 2023–2035 (USD MILLION) 102
TABLE 37 US: AIRCRAFT FUEL CELL MARKET, BY AIRCRAFT TYPE, 2019–2022 (USD MILLION) 102
TABLE 38 US: AIRCRAFT FUEL CELL MARKET, BY AIRCRAFT TYPE, 2023–2035 (USD MILLION) 102
10.2.3 CANADA 102
10.2.3.1 Investments in R&D of new materials to drive market 102
TABLE 39 CANADA: AIRCRAFT FUEL CELL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION) 103
TABLE 40 CANADA: AIRCRAFT FUEL CELL MARKET, BY FUEL TYPE, 2023–2035 (USD MILLION) 103
TABLE 41 CANADA: AIRCRAFT FUEL CELL MARKET, BY AIRCRAFT TYPE, 2019–2022 (USD MILLION) 103
TABLE 42 CANADA: AIRCRAFT FUEL CELL MARKET, BY AIRCRAFT TYPE, 2023–2035 (USD MILLION) 104
10.3 EUROPE 104
10.3.1 PESTLE ANALYSIS: EUROPE 104
FIGURE 25 EUROPE: AIRCRAFT FUEL CELL MARKET SNAPSHOT 106
TABLE 43 EUROPE: AIRCRAFT FUEL CELL MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 106
TABLE 44 EUROPE: AIRCRAFT FUEL CELL MARKET, BY COUNTRY, 2023–2035 (USD MILLION) 107
TABLE 45 EUROPE: AIRCRAFT FUEL CELL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION) 107
TABLE 46 EUROPE: AIRCRAFT FUEL CELL MARKET, BY FUEL TYPE, 2023–2035 (USD MILLION) 107
TABLE 47 EUROPE: AIRCRAFT FUEL CELL MARKET, BY AIRCRAFT TYPE, 2019–2022 (USD MILLION) 107
TABLE 48 EUROPE: AIRCRAFT FUEL CELL MARKET, BY AIRCRAFT TYPE, 2023–2035 (USD MILLION) 108
10.3.2 UK 108
10.3.2.1 Increase in air travel to drive market 108
TABLE 49 UK: AIRCRAFT FUEL CELL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION) 108
TABLE 50 UK: AIRCRAFT FUEL CELL MARKET, BY FUEL TYPE, 2023–2035 (USD MILLION) 109
TABLE 51 UK: AIRCRAFT FUEL CELL MARKET, BY AIRCRAFT TYPE, 2019–2022 (USD MILLION) 109
TABLE 52 UK: AIRCRAFT FUEL CELL MARKET, BY AIRCRAFT TYPE, 2023–2035 (USD MILLION) 109
10.3.3 FRANCE 109
10.3.3.1 Considerable investments in aerospace systems and components to drive market 109
TABLE 53 FRANCE: AIRCRAFT FUEL CELL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION) 110
TABLE 54 FRANCE: AIRCRAFT FUEL CELL MARKET, BY FUEL TYPE, 2023–2035 (USD MILLION) 110
TABLE 55 FRANCE: AIRCRAFT FUEL CELL MARKET, BY AIRCRAFT TYPE, 2019–2022 (USD MILLION) 111
TABLE 56 FRANCE: AIRCRAFT FUEL CELL MARKET, BY AIRCRAFT TYPE, 2023–2035 (USD MILLION) 111
10.3.4 GERMANY 111
10.3.4.1 Growing investment in aerospace technology and air connectivity to drive market 111
TABLE 57 GERMANY: AIRCRAFT FUEL CELL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION) 112
TABLE 58 GERMANY: AIRCRAFT FUEL CELL MARKET, BY FUEL TYPE, 2023–2035 (USD MILLION) 112
TABLE 59 GERMANY: AIRCRAFT FUEL CELL MARKET, BY AIRCRAFT TYPE, 2019–2022 (USD MILLION) 112
TABLE 60 GERMANY: AIRCRAFT FUEL CELL MARKET, BY AIRCRAFT TYPE, 2023–2035 (USD MILLION) 112
10.3.5 REST OF EUROPE 113
TABLE 61 REST OF EUROPE: AIRCRAFT FUEL CELL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION) 113
TABLE 62 REST OF EUROPE: AIRCRAFT FUEL CELL MARKET, BY FUEL TYPE, 2023–2035 (USD MILLION) 113
TABLE 63 REST OF EUROPE: AIRCRAFT FUEL CELL MARKET, BY AIRCRAFT TYPE, 2019–2022 (USD MILLION) 113
TABLE 64 REST OF EUROPE: AIRCRAFT FUEL CELL MARKET, BY AIRCRAFT TYPE, 2023–2035 (USD MILLION) 114
10.4 ASIA PACIFIC 114
10.4.1 ASIA PACIFIC: PESTLE ANALYSIS 115
FIGURE 26 ASIA PACIFIC: AIRCRAFT FUEL CELL MARKET SNAPSHOT 116
TABLE 65 ASIA PACIFIC: AIRCRAFT FUEL CELL MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 116
TABLE 66 ASIA PACIFIC: AIRCRAFT FUEL CELLS MARKET, BY COUNTRY, 2023–2035 (USD MILLION) 117
TABLE 67 ASIA PACIFIC: AIRCRAFT FUEL CELLS MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION) 117
TABLE 68 ASIA PACIFIC: AIRCRAFT FUEL CELLS MARKET, BY FUEL TYPE, 2023–2035 (USD MILLION) 117
TABLE 69 ASIA PACIFIC: AIRCRAFT FUEL CELLS MARKET, BY AIRCRAFT TYPE, 2019–2022 (USD MILLION) 117
TABLE 70 ASIA PACIFIC: AIRCRAFT FUEL CELLS MARKET, BY AIRCRAFT TYPE, 2023–2035 (USD MILLION) 118
10.4.2 CHINA 118
10.4.2.1 Large-scale domestic manufacturing to boost market 118
TABLE 71 CHINA: AIRCRAFT FUEL CELLS MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION) 118
TABLE 72 CHINA: AIRCRAFT FUEL CELLS MARKET, BY FUEL TYPE, 2023–2035 (USD MILLION) 118
TABLE 73 CHINA: AIRCRAFT FUEL CELLS MARKET, BY AIRCRAFT TYPE, 2019–2022 (USD MILLION) 119
TABLE 74 CHINA: AIRCRAFT FUEL CELLS MARKET, BY AIRCRAFT TYPE, 2023–2035 (USD MILLION) 119
10.4.3 INDIA 119
10.4.3.1 Rising government focus on military and defense to propel market 119
TABLE 75 INDIA: AIRCRAFT FUEL CELLS MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION) 119
TABLE 76 INDIA: AIRCRAFT FUEL CELLS MARKET, BY FUEL TYPE, 2023–2035 (USD MILLION) 120
TABLE 77 INDIA: AIRCRAFT FUEL CELLS MARKET, BY AIRCRAFT TYPE, 2019–2022 (USD MILLION) 120
TABLE 78 INDIA: AIRCRAFT FUEL CELLS MARKET, BY AIRCRAFT TYPE, 2023–2035 (USD MILLION) 120
10.4.4 JAPAN 120
10.4.4.1 Increased demand from air force to support market growth 120
TABLE 79 JAPAN: AIRCRAFT FUEL CELLS MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION) 121
TABLE 80 JAPAN: AIRCRAFT FUEL CELLS MARKET, BY FUEL TYPE, 2023–2035 (USD MILLION) 121
TABLE 81 JAPAN: AIRCRAFT FUEL CELLS MARKET, BY AIRCRAFT TYPE, 2019–2022 (USD MILLION) 121
TABLE 82 JAPAN: AIRCRAFT FUEL CELLS MARKET, BY AIRCRAFT TYPE, 2023–2035 (USD MILLION) 121
10.4.5 AUSTRALIA 122
10.4.5.1 Increasing demand from airlines to boost market 122
TABLE 83 AUSTRALIA: AIRCRAFT FUEL CELLS MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION) 122
TABLE 84 AUSTRALIA: AIRCRAFT FUEL CELLS MARKET, BY FUEL TYPE, 2023–2035 (USD MILLION) 122
TABLE 85 AUSTRALIA: AIRCRAFT FUEL CELLS MARKET, BY AIRCRAFT TYPE, 2019–2022 (USD MILLION) 122
TABLE 86 AUSTRALIA: AIRCRAFT FUEL CELLS MARKET, BY AIRCRAFT TYPE, 2023–2035 (USD MILLION) 123
10.4.6 SOUTH KOREA 123
10.4.6.1 Rising security concerns from neighboring countries to drive market 123
TABLE 87 SOUTH KOREA: AIRCRAFT FUEL CELLS MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION) 123
TABLE 88 SOUTH KOREA: AIRCRAFT FUEL CELLS MARKET, BY FUEL TYPE, 2023–2035 (USD MILLION) 123
TABLE 89 SOUTH KOREA: AIRCRAFT FUEL CELLS MARKET, BY AIRCRAFT TYPE, 2019–2022 (USD MILLION) 124
TABLE 90 SOUTH KOREA: AIRCRAFT FUEL CELLS MARKET, BY AIRCRAFT TYPE, 2023–2035 (USD MILLION) 124
10.4.7 REST OF ASIA PACIFIC 124
TABLE 91 REST OF ASIA PACIFIC: AIRCRAFT FUEL CELLS MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION) 124
TABLE 92 REST OF ASIA PACIFIC: AIRCRAFT FUEL CELLS MARKET, BY FUEL TYPE, 2023–2035 (USD MILLION) 125
TABLE 93 REST OF ASIA PACIFIC: AIRCRAFT FUEL CELLS MARKET, BY AIRCRAFT TYPE, 2019–2022 (USD MILLION) 125
TABLE 94 REST OF ASIA PACIFIC: AIRCRAFT FUEL CELLS MARKET, BY AIRCRAFT TYPE, 2023–2035 (USD MILLION) 125
10.5 REST OF THE WORLD 125
10.5.1 PESTLE ANALYSIS: REST OF THE WORLD 126
FIGURE 27 REST OF THE WORLD: AIRCRAFT FUEL CELL MARKET SNAPSHOT 127
TABLE 95 REST OF THE WORLD: AIRCRAFT FUEL CELL MARKET, BY REGION, 2019–2022 (USD MILLION) 128
TABLE 96 REST OF THE WORLD: AIRCRAFT FUEL CELL MARKET, BY REGION, 2023–2035 (USD MILLION) 128
TABLE 97 REST OF THE WORLD: AIRCRAFT FUEL CELL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION) 128
TABLE 98 REST OF THE WORLD: AIRCRAFT FUEL CELL MARKET, BY FUEL TYPE, 2023–2035 (USD MILLION) 128
TABLE 99 REST OF THE WORLD: AIRCRAFT FUEL CELL MARKET, BY AIRCRAFT TYPE, 2019–2022 (USD MILLION) 129
TABLE 100 REST OF THE WORLD: AIRCRAFT FUEL CELL MARKET, BY AIRCRAFT TYPE, 2023–2035 (USD MILLION) 129
10.5.2 MIDDLE EAST 129
10.5.2.1 New start-ups to drive market 129
TABLE 101 MIDDLE EAST: AIRCRAFT FUEL CELL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION) 129
TABLE 102 MIDDLE EAST: AIRCRAFT FUEL CELL MARKET, BY FUEL TYPE, 2023–2035 (USD MILLION) 130
TABLE 103 MIDDLE EAST: AIRCRAFT FUEL CELL MARKET, BY AIRCRAFT TYPE, 2019–2022 (USD MILLION) 130
TABLE 104 MIDDLE EAST: AIRCRAFT FUEL CELL MARKET, BY AIRCRAFT TYPE, 2023–2035 (USD MILLION) 130
10.5.3 AFRICA 130
10.5.3.1 Government support to drive market 130
TABLE 105 AFRICA: AIRCRAFT FUEL CELL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION) 131
TABLE 106 AFRICA: AIRCRAFT FUEL CELL MARKET, BY FUEL TYPE, 2023–2035 (USD MILLION) 131
TABLE 107 AFRICA: AIRCRAFT FUEL CELL MARKET, BY AIRCRAFT TYPE, 2019–2022 (USD MILLION) 131
TABLE 108 AFRICA: AIRCRAFT FUEL CELL MARKET, BY AIRCRAFT TYPE, 2023–2035 (USD MILLION) 131
10.5.4 LATIN AMERICA 132
10.5.4.1 Growing focus on sustainability to drive market 132
TABLE 109 LATIN AMERICA: AIRCRAFT FUEL CELL MARKET, BY FUEL TYPE, 2019–2022 (USD MILLION) 132
TABLE 110 LATIN AMERICA: AIRCRAFT FUEL CELL MARKET, BY FUEL TYPE, 2023–2035 (USD MILLION) 132
TABLE 111 LATIN AMERICA: AIRCRAFT FUEL CELL MARKET, BY AIRCRAFT TYPE, 2019–2022 (USD MILLION) 133
TABLE 112 LATIN AMERICA: AIRCRAFT FUEL CELL MARKET, BY AIRCRAFT TYPE, 2023–2035 (USD MILLION) 133
11 COMPETITIVE LANDSCAPE 134
11.1 INTRODUCTION 134
11.2 RANKING OF LEADING PLAYERS, 2023 134
FIGURE 28 MARKET RANKING OF LEADING PLAYERS IN AIRCRAFT FUEL CELL MARKET, 2023 134
11.3 MARKET SHARE ANALYSIS, 2023 135
FIGURE 29 MARKET SHARE OF TOP PLAYERS IN AIRCRAFT FUEL CELL MARKET, 2023 135
11.4 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS, 2023 136
FIGURE 30 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS IN AIRCRAFT FUEL CELLS MARKET 136
11.5 COMPETITIVE OVERVIEW 137
TABLE 113 KEY DEVELOPMENTS BY LEADING PLAYERS IN AIRCRAFT FUEL CELL MARKET BETWEEN 2021 AND 2023 137
TABLE 114 COMPANY AIRCRAFT TYPE FOOTPRINT 138
TABLE 115 COMPANY REGION FOOTPRINT 139
11.6 COMPANY EVALUATION MATRIX 140
11.6.1 STARS 140
11.6.2 EMERGING LEADERS 140
11.6.3 PERVASIVE PLAYERS 140
11.6.4 PARTICIPANTS 140
FIGURE 31 AIRCRAFT FUEL CELL MARKET: COMPANY EVALUATION MATRIX, 2023 141
11.7 COMPANY PRODUCT FOOTPRINT ANALYSIS 142
TABLE 116 COMPANY FOOTPRINT 142
11.8 START-UP/SME EVALUATION MATRIX 143
11.8.1 PROGRESSIVE COMPANIES 143
11.8.2 RESPONSIVE COMPANIES 143
11.8.3 DYNAMIC COMPANIES 143
11.8.4 STARTING BLOCKS 143
FIGURE 32 AIRCRAFT FUEL CELL MARKET: START-UP/SME EVALUATION MATRIX, 2023 144
11.8.5 COMPETITIVE BENCHMARKING 145
TABLE 117 AIRCRAFT FUEL CELL MARKET: DETAILED LIST OF KEY START-UPS/SMES 145
11.9 COMPETITIVE SCENARIO 145
11.9.1 DEALS 145
TABLE 118 DEALS, 2021–2023 145
12 COMPANY PROFILES 154
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
12.1 KEY PLAYERS 154
12.1.1 DOOSAN MOBILITY INNOVATION 154
TABLE 119 DOOSAN MOBILITY INNOVATION: COMPANY OVERVIEW 154
TABLE 120 DOOSAN MOBILITY INNOVATION: PRODUCTS OFFERED 154
TABLE 121 DOOSAN MOBILITY INNOVATION: DEALS 155
12.1.2 ZEROAVIA, INC. 158
TABLE 122 ZEROAVIA, INC.: COMPANY OVERVIEW 158
TABLE 123 ZEROAVIA, INC.: PRODUCTS OFFERED 158
TABLE 124 ZEROAVIA, INC.: DEALS 159
12.1.3 AIRBUS 163
TABLE 125 AIRBUS: COMPANY OVERVIEW 163
FIGURE 33 AIRBUS: COMPANY SNAPSHOT 164
TABLE 126 AIRBUS: PRODUCTS OFFERED 164
TABLE 127 AIRBUS: DEALS 165
12.1.4 AEROVIRONMENT, INC. 167
TABLE 128 AEROVIRONMENT, INC.: COMPANY OVERVIEW 167
FIGURE 34 AEROVIRONMENT, INC.: COMPANY SNAPSHOT 168
TABLE 129 AEROVIRONMENT, INC.: PRODUCTS OFFERED 168
TABLE 130 AEROVIRONMENT, INC.: DEALS 169
12.1.5 POWERCELL SWEDEN AB 170
TABLE 131 POWERCELL SWEDEN AB: COMPANY OVERVIEW 170
FIGURE 35 POWERCELL SWEDEN AB: COMPANY SNAPSHOT 171
TABLE 132 POWERCELL SWEDEN AB: PRODUCTS OFFERED 171
TABLE 133 POWERCELL SWEDEN AB: DEALS 172
12.1.6 APUS GROUP 174
TABLE 134 APUS GROUP: COMPANY OVERVIEW 174
TABLE 135 APUS GROUP: PRODUCTS OFFERED 174
12.1.7 UNIVERSAL HYDROGEN CO. 175
TABLE 136 UNIVERSAL HYDROGEN CO.: COMPANY OVERVIEW 175
TABLE 137 UNIVERSAL HYDROGEN CO.: PRODUCTS OFFERED 175
TABLE 138 UNIVERSAL HYDROGEN CO.: DEALS 176
12.1.8 INTELLIGENT ENERGY LIMITED 178
TABLE 139 INTELLIGENT ENERGY LIMITED: COMPANY OVERVIEW 178
TABLE 140 INTELLIGENT ENERGY LIMITED: PRODUCTS OFFERED 178
TABLE 141 INTELLIGENT ENERGY LIMITED: DEALS 179
12.1.9 EMBRAER 181
TABLE 142 EMBRAER: COMPANY OVERVIEW 181
FIGURE 36 EMBRAER: COMPANY SNAPSHOT 182
TABLE 143 EMBRAER: PRODUCTS OFFERED 182
TABLE 144 EMBRAER: DEALS 183
12.1.10 GKN AEROSPACE SERVICES LIMITED 184
TABLE 145 GKN AEROSPACE SERVICES LIMITED: COMPANY OVERVIEW 184
TABLE 146 GKN AEROSPACE SERVICES LIMITED: PRODUCTS OFFERED 184
TABLE 147 GKN AEROSPACE SERVICES LIMITED: DEALS 185
12.1.11 HYPOINT INC. 186
TABLE 148 HYPOINT INC.: COMPANY OVERVIEW 186
TABLE 149 HYPOINT INC.: PRODUCTS OFFERED 186
TABLE 150 HYPOINT INC.: DEALS 187
12.1.12 PIASECKI AIRCRAFT CORPORATION 188
TABLE 151 PIASECKI AIRCRAFT CORPORATION: COMPANY OVERVIEW 188
TABLE 152 PIASECKI AIRCRAFT CORPORATION: PRODUCTS OFFERED 188
TABLE 153 PIASECKI AIRCRAFT CORPORATION: DEALS 189
12.1.13 H3 DYNAMICS 190
TABLE 154 H3 DYNAMICS: COMPANY OVERVIEW 190
TABLE 155 H3 DYNAMICS: PRODUCTS OFFERED 190
TABLE 156 H3 DYNAMICS: DEALS 192
12.1.14 PLUG POWER INC. 193
TABLE 157 PLUG POWER INC.: COMPANY OVERVIEW 193
FIGURE 37 PLUG POWER INC.: COMPANY SNAPSHOT 193
TABLE 158 PLUG POWER INC.: PRODUCTS OFFERED 194
12.1.15 AVIO AERO 195
TABLE 159 AVIO AERO: COMPANY OVERVIEW 195
TABLE 160 AVIO AERO: PRODUCTS OFFERED 195
12.2 OTHER PLAYERS 196
12.2.1 FUEL CELL STORE 196
12.2.2 FLYKA 197
12.2.3 HONEYWELL INTERNATIONAL INC. 197
12.2.4 SHANGHAI PEARL HYDROGEN ENERGY TECHNOLOGY CO., LTD. 198
12.2.5 URBAN AERONAUTICS LTD. 198
12.2.6 PIPISTREL D.O.O. 199
12.2.7 ALAKA’I TECHNOLOGIES 199
12.2.8 AERODELFT 200
12.2.9 ACCELERA 200
12.2.10 SFC ENERGY AG 201
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
13 APPENDIX 202
13.1 DISCUSSION GUIDE 202
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 206
13.3 CUSTOMIZATION OPTIONS 208
13.4 RELATED REPORTS 208
13.5 AUTHOR DETAILS 209