Zero Emission Aircraft Market Size

Zero Emission Aircraft Market size was over USD 23.69 billion in 2023 and is set to cross USD 150.78 billion by the end of 2036, witnessing more than 15.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of zero emission aircraft is estimated at USD 26.59 billion.

The growth of the market can be attributed to the increasing need to reduce the carbon emission of aircrafts to curb the air pollution. zero emission aircraft are a concept of using hydrogen, electricity, or solar energy to power the aircraft, in order to completely diminish any aviation pollution. The major pollutant from aircrafts is NO₂ and other unfiltered particles. The aviation pollution has increased more than 18% since 1990s, and was responsible for more than 6000 premature deaths in 2019. The concept of zero emission aircraft is still under development, and is estimated to attain physical state by the end of 2035. This is estimated to significantly boost the market growth. Moreover, increasing investment in this concept, and other innovations in the aerospace industry, are expected to boost the market growth.