The global hydrogen aircraft market is on a growth trajectory, with a reported value of $27.7 billion in 2030 projected to soar to $489 billion by 2050 at a CAGR of 15.4%. Key drivers of this market expansion include the increase in air passenger traffic worldwide, the suitability of hydrogen as an aviation fuel, and the growing environmental consciousness and zero-emission goals. Despite these positive trends, challenges hinder the market's growth, such as the high costs associated with hydrogen production and handling, technical design challenges for aircraft, and issues related to hydrogen storage. However, the market presents opportunities through the development of a green hydrogen ecosystem and supportive government initiatives. Segments like less than 100 passenger capacity, short haul range, passenger aircraft application, and liquid hydrogen power source are forecasted to maintain their leadership positions. The passenger aircraft segment is poised to dominate the market due to the surge in air travel demand and the need for cleaner, quieter aircraft. Conversely, the cargo aircraft segment shows high growth potential as efforts focus on low-cost, low-carbon emission solutions for cargo transportation. The forecasted growth in the global hydrogen aircraft market reflects a shift towards sustainable aviation solutions and the increasing demand for environmentally friendly air travel options.