Fuel Cells In Aerospace And Defense Market Worth $1,618.33 Million And $996.06 Million By 2028
Fuel Cells In Aerospace And Defense Industry Overview The global fuel cells in aerospace market size is expected to reach USD 1,618.33 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 30.6% from 2021 to 2028. Growing awareness regarding alternative sources of energy is one of the major factors contributing to the growth of the market. Fuel Cells In Aerospace And Defense Market Segmentation Grand View Research has segmented the global fuel cells in aerospace and defense market based on aerospace (product & application), defense (product & application), and region: Based on the Product Insights (Aerospace) , the market is segmented into PEMFC, SOFC. The PEMFC product segment accounted for the largest revenue share of over 85.0% in 2020. In the aerospace sector, PEMFC is widely used for transportation applications due to its efficiency, compactness, temperature range, and lifetime. In t...