Future of Aviation : The Zero-Emission Aircraft Industry Outlook Forecast, 2030-2040 | Allied Market Research

OREGAON, PORTLAND, UNITED STATES, August 9, 2023/EINPresswire.com/ -- According to a recent report published by Allied Market Research, titled, “Zero-emission Aircraft Market by Source, Range, Application, and Type: Global Opportunity Analysis and Industry Forecast, 2030–2040,”

The global zero-emission aircraft market is expected to be valued at $29.24 billion in 2030, and reach $191.97 billion in 2040, registering a CAGR of 20.7%.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/12213

Europe is anticipated to dominate the market in 2030, in terms of revenue, followed by North America, Asia-Pacific, and LAMEA. UK is expected to dominate the global zero-emission aircraft market share in 2030, owing to increase in R&D activities, rise in incentives by government, and rapid development of zero-emission aircraft technologies in the country. Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to rise in investments to ensure minimal GHG emissions across various countries in the region.

If aviation wants to play a role in lowering greenhouse gas emissions, it must find ways to decarbonize air travel. Experts working on several projects across the world are striving to produce hybrid, electric, and hydrogen solar planes, which would reduce aviation's dependency on kerosene, the current fuel used by airlines. Attributed to numerous advantages promised by zero-emission aircraft technologies, several developments are being observed globally. EasyJet, Europe’s affordable airline, plans to operate battery-powered airplanes on some of its short-haul trips of 500 kms or less by 2030, in partnership with the Los Angeles-based start-up Wright Electric. Norway has pledged to fly all of its short-haul routes using electric planes by 2040. Norway's Transport Minister examined the ALPHA Electro, a 2-seat electric aircraft built by the Slovenian company Pipistrel, in 2018. Eviation Aircraft, an Israeli start-up, is also developing a battery-electric plane known as Alice that will make use of Siemens' high-power electric motors. It intends to serve the North America market, with journeys of up to 1,050 kms.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/zero-emission-aircraft-market/purchase-options

UK government proposed a $392.7 million R&D fund for electric planes and technology in 2018. Furthermore, by 2050, the EU's Flight Path 2050 initiative targets a 75% reduction in carbon emissions per passenger km. Financial incentives are also being offered to airlines, with London Heathrow Airport offering free landing charges that worth around $1.19 million. Such developments are anticipated to boost the growth of the global zero-emission market during the forecast timeframe.

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘 :

By source, the solar segment is expected to register significant growth during the forecast period.

By range, the medium-haul segment is anticipated to exhibit significant growth in future.

By application, the cargo aircraft segment is projected to lead the global zero-emission aircraft market, owing to higher CAGR as compared to the passenger aircraft segment.

By type, the turbofan system segment is projected to lead the global zero-emission aircraft market, owing to higher CAGR as compared to the passenger aircraft segment.

By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/12213

Key players operating in the global zero-emission aircraft market include AeroDelft, Airbus S.A.S., Bye Aerospace, Eviation Aircraft, HES Energy Systems, Joby Aviation, Lilium, Pipistrel d.o.o, Wright Electric, and ZeroAvia, Inc.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Airbus S.A.S.
AeroDelft
Eviation Aircraft
Bye Aerospace
Joby Aviation
Lilium
Pipistrel d.o.o
Wright Electric
HES Energy Systems
ZeroAvia, Inc.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :

Aircraft Cargo Container Market - https://www.alliedmarketresearch.com/aircraft-cargo-container-market-A06196

Aircraft Glareshield Lighting Market - https://www.alliedmarketresearch.com/aircraft-glareshield-lighting-market-A06197

Aircraft Turn Coordinator Market - https://www.alliedmarketresearch.com/aircraft-turn-coordinator-market-A06198

David Correa
Allied Analytics LLP
1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn