Global Airships Market Valuable Growth Prospects and Insights on Future Scenario

Market Research Reports Search Engine (MRRSE) has recently updated its massive research catalog by adding a new study, titled “Airships Market”. The study offers a clear insight about the prevailing trends and innovations happening in the Airships Market. Readers can further access details about research highlights and executive summary to gain a better idea about this assessment. The market overview covers key industry developments and market opportunity map during the mentioned forecast period. In addition, a holistic view of the entire global market scenario across all the prime regional segments, such as (Regions) has been delivered.

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The global airships market is a nascent one and is hence is seeing foray of numerous players. This makes the market fragmented and highly competitive. In future, the competition is slated to increase further. Since most of the key players are building their airships, the market is still to realize its full potential.

Some of the prominent participants in the market such as Aerocraft, American Blimp Corporation, and Northrop Grumman are headquartered in North America. Other key players in the market are Lockheed Martin Corporation, Hybrid Air Vehicles Ltd., Shanghai Vantage Airship Manufacture Co. Ltd., Zeppelin Luftschifftechnik GMBH, and Lindstrand Technologies Ltd.

A report finds that the global airships market will attain a value of US$273.2 mn by 2024-end as compared to US$152.8 mn in 2015 by rising at a CAGR of 6.5% from 2016 to 2024.

Depending upon application, the key segments of the global market for airship are research, surveillance, advertisements, commercial tours, cargo transport, etc. Of them, the advertisement and surveillance segment is responsible for most of the demand for airships. Advertisement generates demand on account of the enormous exposure resulting from greater coverage area of the advertisements displayed in the sky. In addition, the rising thrust on safety has generated the need for surveillance of large areas. All these are serving to push up demand in the market.

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From a geographical standpoint, North America, powered by the U.S., is slated to lead the market. Presence of prominent manufacturers in the U.S. is bolstering the market in the region. The market in North America is expected to reach a value of US$90.3 mn by 2024.

The global airships market has been segmented by construction type, application and geography. By construction type, the market has been categorized into rigid airships, semi rigid airships and non-rigid airships. Non-rigid airships are strong demand because of their lower cost. Additionally, these airships are preferred for advertisements due to their light weight design. In terms of application, the airships market has been segregated into surveillance, research, commercial tours, advertisements and cargo transport among others. The advertisement and surveillance segment has the maximum demand for airships. The demand in advertisement is attributed by the large exposure gained due to more area coverage of the advertisements displayed in the middle of the sky. Furthermore, the increasing demand for safety has created the need for surveillance of large areas. These factors are pushing the demand for airships in these segments.

By region, the airships market has been segmented into North America, Europe Asia Pacific, Middle East and Africa and Latin America. North America and Europe is expected to dominate the airships market regionally. The dominance of this region is due to the presence of developed countries like the U.S., U.K. and Germany where maximum research and development and manufacturing facilities are present for airships.

To get a better understanding of the global airships market, the market dynamics have been provided which discusses the drivers, restraints and the opportunities present in the market. Furthermore, the key trends effecting the growth of the airships market have also been provided. In addition, the market challenges associated with the development of airships has also been analyzed in the report.

The global airships market has several dominating and emerging players. The leading players have been profiled on the basis of their product segments, financial overview, company information and business strategies adopted by them for airships market. The major players in the airships market include Hybrid Air Vehicles Ltd., Zeppelin Luftschifftechnik GMBH, Shanghai Vantage Airship Manufacture Co. Ltd., Lindstrand Technologies Ltd. and Lockheed Martin Corporation.

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The global Airships market can be segmented as follows;-

Global Airships Market, By Construction Type

Rigid
Semi Rigid
Non-Rigid

Global Airships Market, By Application

Surveillance
Research
Commercial Tours
Advertisement
Cargo Transport
Others

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