Global Airships Market size is projected to be valued $304 Million by 2024; with a CAGR of 7.2% from 2017 to 2025. Airship is a type of aerostat or lighter-than-air aircraft that can navigate through the air under its own power. Airships contain large air bags with gas, which are less dense than the surrounding air. There are three main structure types of airships such as rigid, semi-rigid and non-rigid. These airships are highly used for advertising and covering sports events, among others. Apart from this, airship also has applications in transporting cargo, and military purpose.
Surge in need for continuous surveillance, along with low operational cost support the growth of the airships market. In addition, increasing use in advertisement due to its ability to stay up in the air and target larger areas also boost the growth of the market. However, risky operation due to use of hydrogen gas which is highly inflammable may hinder the growth of the market. Furthermore, luxury airships for commercial tours and hybrid airships would provide growth opportunity in the upcoming years.
The global airships market has been segmented based on the structure type, application and geography. By structure type, it is further segmented into rigid, semi-rigid and non-rigid. Furthermore, applications are segmented into commercial tours, surveillance, research, cargo transport and others.
By geography, the global airships market has been bifurcated into North America, Europe, Asia-Pacific and RoW. The U.S., Canada and Mexico are covered 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.
Key players of global airships market include Hybrid Air Vehicles Ltd., Shanghai Vantage Airship Manufacture Co. Ltd., Skyship Services Inc., Lindstrand Technologies, GEFA-FLUG GmbH, Lockheed Martin Corporation, Airborne Industries Inc., Information Systems Laboratories Inc., and RosAeroSystems s.r.a., among others.
The report covers
Scope of the Global Airships Market
Structure Type Segments