Growing Research facilities along with the demand from defense sector has Propelled the Growth of the Fuel Cells in Aerospace and Defense Market in the North America Region!

North America has a well-established research and development infrastructure, which has enabled the development of advanced fuel cell technology. The region has many several leading research institutions and universities that are conducting research into fuel cell technology, as well as government agencies that are providing funding and support for this research. Additionally, there is a growing demand for fuel cell-powered unmanned systems in North America, particularly in the defense sector. The US military has been actively developing and deploying fuel cell-powered UAVs and other unmanned systems, which has helped to drive market growth in this region. In addition, there is growing interest in using fuel cells to power ground support equipment and auxiliary power units (APUs) for military and commercial aircraft.

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Furthermore, there is a favorable regulatory environment for fuel cell technology in North America. Governments and regulatory bodies in the region have been supportive of fuel cell development and deployment, providing funding and incentives for companies to invest in this technology. Thus, North America’s strong aerospace and defense industry, robust research and development infrastructure, growing demand for fuel cell-powered unmanned systems, and favorable regulatory environment are driving market growth for fuel cells in this region.

Further, the APAC Fuel Cells in Aerospace and Defense Market is expected to grow at a strong CAGR of 31% during the forecast period (2022-2030). North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly attributed to the high demand for fuel cell power generation, as well as increasing research and development for hydrogen generation in the region is driving the growth of the market. Moreover, North America has one of the world’s largest aerospace and defense companies, including Boeing, Lockheed Martin, and Northrop Grumman, all of which have invested heavily in fuel cell technology in recent years. Since, these companies have been at the forefront of developing and testing fuel cell systems for aircraft and other applications, and their continued investment in this technology is driving market growth. For instance, in Aug 2021, New Honeywell Technology for Light Drones Increased Range Threefold with Cleaner, Quieter Hydrogen Fuel Cells.

FIG. 1 APAC Fuel Cells in Aerospace and Defense Market Revenue (2020-2030)- USD Mn

Based on product, the market is bifurcated into Solid-Oxide Fuel Cell (SOFC) and Proton Exchange Membrane Fuel Cells (PEMFC). Proton Exchange Membrane Fuel Cells (PEMFC) category is expected to grow with a significant CAGR during the forecast period. This is mainly owing to better thermal management, the lighter balance of plant, shorter stack service life, and limited integration flexibility of PMEFC over SOFC. In addition, PEMFC is widely used for transportation applications due to its efficiency, compactness, temperature range, and lifetime.

Based on application, the fuel cells in aerospace and defense market have been bifurcated into civil aviation and rotorcraft. The rotorcraft category is expected to grow with a significant CAGR during the forecast period. Rotorcraft such as helicopters, and vertical takeoff and landing aircrafts are highly preferred in the aerospace and defense industry. Additionally, fuel cells provide a quiet and efficient power source and that is major for rotorcraft. Since they require high power output and reduce noise emissions. Also, fuel cells provide longer endurance, reduced logistical support, and lower operating costs compared to other power sources.

For a detailed analysis of the Global Fuel Cells in Aerospace and Defense Market browse through – https://univdatos.com/report/fuel-cells-in-aerospace-and-defense-market/

Global Fuel Cells in Aerospace and Defense Market Segmentation

Market Insight, by Product

• Solid-Oxide Fuel Cell (SOFC)
• Proton Exchange Membrane Fuel Cells (PEMFC)

Market Insights, by Application

• Civil Aviation
• Rotorcraft

Market Insight, by Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Rest of Europe
• APAC
  • China
  • India
  • Japan
  • Rest of APAC
• Rest of the World

Top Company Profiles

• Advent Technologies
• ElringKlinger AG
• Australian Fuel Cells Pty Ltd
• Honeywell International Inc.
• Infinity Fuel Cell and Hydrogen, Inc.,
• Loop Energy Inc.
• Intelligent Energy Limited
• Plug Power Inc.
• Cummins Inc
• GenCell Ltd