Global Fuel Cells In Aerospace And Defense Market Size & Outlook
Global fuel cells in aerospace and defense market, 2018-2030 (US$M)
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Global fuel cells in aerospace and defense market highlights
- The global fuel cells in aerospace and defense market generated a revenue of USD 445.3 million in 2024 and is expected to reach USD 1,412.3 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 19.5% by 2030.
- In terms of segment, pemfc accounted for a revenue of USD 471.2 million in 2024.
- SOFC is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 445.3 million |
| Market revenue in 2030 | USD 1,412.3 million |
| Growth rate | 19.5% (CAGR from 2025 to 2030) |
| Largest segment | Pemfc |
| Fastest growing segment | SOFC |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | SOFC, PEMFC |
Other key industry trends
- In terms of revenue, the North America accounted for 46.1% of the global fuel cells in aerospace and defense market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 110.6 million by 2030.
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Fuel Cells In Aerospace And Defense Market Scope
Fuel Cells In Aerospace And Defense Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Loop Energy | View profile | 11-50 | Burnaby, British Columbia, Canada, North America | http://loopenergy.com/ |
| Infinity Fuel Cell & Hydrogen | View profile | - | Windsor, Connecticut, United States, North America | https://infinityfuel.com/ |
| GenCell | View profile | 101-250 | Petah Tiqva, HaMerkaz, Israel, Asia | http://www.gencellenergy.com/en/ |
| Australian Fuel Cells | View profile | 11-50 | Gold Coast, Queensland, Australia, Oceania | https://www.australianfuelcells.com.au |
| Advent Technologies Holdings Inc Ordinary Shares - Class A | View profile | 175 | 500 Rutherford Avenue, Suite 102, Boston, MA, United States, 02129 | https://www.advent.energy |
| Intelligent Energy | View profile | 501-1000 | Loughborough, Leicestershire, United Kingdom, Europe | http://www.intelligent-energy.com |
| ElringKlinger AG | View profile | 9606 | Max-Eyth-Strasse 2, Dettingen an der Erms, Germany, 72581 | https://www.elringklinger.com |
| Plug Power Inc | View profile | 3868 | 968 Albany Shaker Road, Latham, NY, United States, 12110 | https://www.plugpower.com |
| Cummins Inc | View profile | 75500 | 500 Jackson Street, Box 3005, Columbus, IN, United States, 47202-3005 | https://www.cummins.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
Global fuel cells in aerospace and defense market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to fuel cells in aerospace and defense market will help companies and investors design strategic landscapes.
Pemfc was the largest segment with a revenue share of 105.82% in 2024. Horizon Databook has segmented the Global fuel cells in aerospace and defense market based on sofc, pemfc covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Fuel Cells In Aerospace And Defense Product Outlook (Revenue, USD Million, 2018-2030)
- PEMFC
- SOFC
- Global Fuel Cells In Aerospace And Defense Application Outlook (Revenue, USD Million, 2018-2030)
- Commercial Aircrafts
- Rotorcrafts
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Horizon Databook provides a detailed overview of global-level data and insights on the Global fuel cells in aerospace and defense market , including forecasts for subscribers. This global databook contains high-level insights into Global fuel cells in aerospace and defense market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global fuel cells in aerospace and defense market size, by regions, 2018-2030 (US$M)
Top 10 countries: Fuel cells in aerospace and defense market size, 2024 (US$M)
Global fuel cells in aerospace and defense market share, by application, 2024 & 2030 (%, US$M)
Fuel cells in aerospace and defense market: Opportunity assessment by country
Global fuel cells in aerospace and defense market, by region, 2024 (US$M)
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