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Global Airships Market is expected to reach US$ 350Mn by 2026 from US$ 180Mn in 2017 at CAGR of 8.6%.
Global Airships Market is segmented by construction type, application, and region. Construction type classified into rigid, semi-rigid and non-rigid. An application is split into surveillance, research, commercial tours, advertisement, and cargo transport. Region-wise divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
The airships market is driving factors such as a growing need for surveillance and increasing use of airships for advertising to target large areas. Moreover, the requirement for monitoring of large areas is leading to the demand for economic methods of surveillance. Global airships have a lower maintenance cost and can monitor a large area by staying uplifted for long time periods. These factors are helping the demand for airships in surveillance applications. Additionally, the airships are being used as a mode of advertisement as they have the ability to stay up in the air with little or no movement which helps the advertisements to cover a larger target area. Furthermore, advertising on airships has been analyzed to be much more cost effective compared to other forms of advertising.
Based on the construction type, a non-rigid airship is leading the global airship market. The non-rigid airship in its simplest and easiest form is a streamlined envelope, containing the lifting gas, with a gondola suspended below it, containing the crew accommodation, propulsion, and fuel. Most gas airships nowadays are non-rigid, as of their comparative simplicity and sturdiness. The modern and advanced non-rigid or pressure airship maintains its shape solely by the pressure of the helium in the envelope, supplemented by an adjustable volume of air within internal ballonets.
On the basis of application, advertisement and surveillance segment has the maximum demand for global airships market. The demand in an advertisement is attributed to the large exposure gained owing to more area coverage of the advertisements displayed in the middle of the sky. Additionally, the increasing demand for safety has created the need for surveillance of large areas. These features are pushing the demand for airships in these segments.
In terms of region, North America held the highest market share over the forecast period, driven by increased demand from the defense sector. In terms of growth rate, Asia-Pacific region is anticipated to grow at the fastest CAGR during the forecast period, due to rising demand for moving freight and increased used for advertisement.
Key players operating in the global airship market are, 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., Skyship Services Inc. and RosAero Systems s.r.a.
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