Global Airships Market is Estimated to Reach $304 Million by 2024, Says Accurize Market Research
Global Airships Market report published by Accurize Market Research forecast that the global market is expected to reach $304 Million by 2024; growing at a CAGR of 7.2% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Demand for continuous surveillance to drive the global airships market
Demand for continuous surveillance, along with low operational cost could support the growth of the airships market. Moreover, high adoption in advertisement owing to its ability to stay up in the air and target larger audience also boosts the growth of the market.
The global airships market has been categorize on the basis of structure type, application and geography. The structure type segment is divided into rigid, semi-rigid and non-rigid. The application segment is divided into commercial tours, surveillance, research, cargo transport and others.
On the basis of geography, market has been bifurcated into North America, Europe, Asia-Pacific and RoW. The U.S., Canada and Mexico are countries under North America wherein Europe covers U.K., Germany, France, Italy and others. Asia-Pacific covers China, India, Japan, South Korea and others. Rest of the World (RoW) covers South America, Middle East and Africa.
"Non-rigid accounted for the largest market share in the structure type segment", says Accurize
Non-rigid and semi-rigid accounted for the market share of 42.9% and 34.2% respectively, in the structure type segment. Furthermore, advertisement held the largest share in global airships market in 2017 and also expected to grow at the highest CAGR of 7.8% between 2017 and 2025.
"North America dominated the global market with the highest market share over the forecast period", says Accurize
North America accounts the largest share of the market with 34.1% followed by Europe with 27%, in the year 2017. Asia-Pacific is the fastest growing region in the global airships market, due to the increase in penetration of airships in emerging economies for moving freight, particularly in remote areas and high use in outdoor advertising.
Top players in the market
Prominent players active in the market include Lockheed Martin Corporation, Airborne Industries inc, Hybrid Air Vehicles Ltd., Lindstrand Technologies, GEFA-FLUG GmbH, Information Systems Laboratories Inc., Shanghai Vantage Airship Manufacture Co. Ltd., Zeppelin Luftschifftechnik GmbH., Skyship Services Inc. and RosAeroSystemss.r.a., among others.
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