Skybound Revolution: The Rise of Hydrogen-Powered Aircraft

The global hydrogen aircraft market is poised for substantial growth, projected to reach USD 6,380.1 million by 2033 from USD 425.4 million in 2023, expanding at a compound annual growth rate of 31.1 percent. Driven by increasing environmental regulations, advancements in hydrogen propulsion technologies, and growing investments in sustainable aviation, this market is gaining rapid traction. In 2023, North America held a leading share of over 40 percent, generating USD 170.2 million in revenue. This dominance is attributed to robust aerospace infrastructure, government funding, and technological innovation. The market reflects a transformative shift toward zero-emission aviation to combat climate change.