Market Size of Zero-emission Aircraft Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 6.32 Billion |
| Market Size (2029) | USD 8.88 Billion |
| CAGR (2024 - 2029) | 7.02 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Zero-Emission Aircraft Market Analysis
The Zero-emission Aircraft Market size is estimated at USD 6.32 billion in 2024, and is expected to reach USD 8.88 billion by 2029, growing at a CAGR of 7.02% during the forecast period (2024-2029).
The outbreak of the COVID-19 pandemic disrupted the commercial and general aviation market due to travel restrictions. It also had an impact on the economy and resulted in several aerospace companies to pause funds towards innovative projects. Such decisions have temporarily impacted the growth of the zero-emission aircraft market. However, as aircraft operators looking to reduce their operational costs and carbon emission, there will be significant growth in investment, testing, and adoption of all-electric aircraft during the forecast period.
Increasing stringency on the emission regulations has made manufacturers shift towards zero-emission concept. Engine manufacturers will play a vital role for the aviation industry to move towards the new concept. Sustainable aviation fuel (SAF) is also an important part of the aviation roadmap to reduce the industry's CO2 emissions as companies like Airbus and Boeing are targeting flights on 100% SAF.
Beyond technology challenges, the aviation industry's transition will require the regulatory and infrastructure ecosystems to change. Cross-industry collaboration will be required to drive down infrastructure and production costs, which will be mutually beneficial and help speed up development of the zero-emission aircraft.
Electric aircraft has penetrated the general aviation market. However, its adoption in long-haul commercial aviation is still far away from becoming reality soon with major developments expected in the later half of the forecast period.
