Global Airship Market Is Likely to Experience a Tremendous Growth by 2028

The global airship market is anticipated to grow at a significant CAGR of 7.2% during the forecast period (2022-2028). Airships are known as dirigible balloons. It is a variant of aerostat or lighter-than-air aircraft which can navigate in the air by its density and power. They gain their weight from large airbags filled with lifting gas such as hydrogen, and helium gas which are less dense than the atmosphere. The three main types of airships are non-rigid, semi-rigid, and rigid. Semi-rigid airships are envelope shapes that are maintained by internal pressure but have some form of supporting structure, such as a fixed keel, attached to it. Rigid airships maintain an outer structural framework that has the shape to carry all structural loads. The airships are also used for advertising purposes and to cover sports events. They are also used in transporting cargo and military goods. The global airship market is growing due to the increasing need for surveillance and the increasing use of airships for advertising to the targeted audience globally. The cost of airship advertising in the airship is much more cost-effective than other modes of advertising and is expected to propel the growth of the global airship market. The increasing research and development by the major market players to find out lighter-than-air transport in the new sustainable globe is also expected to boost the market growth. Additionally, the high capacity of the airship and the capability to handle a large amount of weight for logistics purposes is also driving the growth of the global airship market. The increasing demand for luxury airships in Arabian countries, such as Saudi Arabia and the UAE for industrial tours is further expected to new opportunities for market growth.
The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new launches, to stay competitive in the market. For instance, in October 2021, Dubai Holding Entertainment LLC announced the launch of its 26th season with the partnership Skydive Dubai through the largest airship around the globe with a length of 48.6 meters that was spotted by many residents in Dubai.

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Market Coverage
• The market number available for - 2022-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Type
o By Application

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Airborne Industries Inc., ZLT Zeppelin Luftschifftechnik GmbH & Co. KG, Hybrid Air Vehicles, Lindstrand Technologies Ltd., Skyship Services, Inc., and Gefa-Flug Mx, among others.

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Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

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GLOBAL Airship Market Report by Segment
By Type
• Rigid
• Semi-Rigid
• Non-Rigid

By Application
• Surveillance
• Research
• Commercial Tours
• Advertisement
• Cargo Transport

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This release was published on openPR.