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Airships Market to Witness Significant Growth in the Coming Years

12-08-2017 06:15 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Airships Market to Witness Significant Growth in the Coming

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.

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A report by Transparency Market Research 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.

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.

View Report - https://www.transparencymarketresearch.com/airships-market.html

Advertising Drives Demand

At the forefront of driving demand in the global market for airship is the demand from the domain of advertising. “Numerous advertising agencies are buying airships because of the low cost solutions they provide, which in turn brings about greater returns on investments,” explains the lead analyst of the TMR report. Airships, once elevated, accords a large view of the area at a very low cost. Thus, they provide excellent visibility and remain stable till they are taken down.

Various Application Areas Boost Uptake

Safety concerns are also serving to boost the demand for airships. Militaries worldwide are leveraging airships to broadcast temperature, observe, and for geo-spatial mapping. Besides making air surveillance cheaper, it has also reduced risk to humans handling these tasks.

The rsing use of airships in research and for commercial tours is also predicted to have a positive impact on the global market for airships. Other application areas serving to boost uptake are the transportation industry, mining, automobile, oil, and manufacturing.

Slow Speed and Safety Concerns Prove Detrimental to Demand

Posing a hindrance to the market, on the other hand, is their slow speed which is preventing them from being made a primary mode of transport in various areas. Further, complicacies associated with operations are also serving to deter their uptake. There are safety issues too. The use of hydrogen and helium makes airships dangerous, thereby affecting their popularity.

About US

Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

We are customarily engaged by Fortune 500 companies to support their strategic business decisions such as:

Penetrating a new market
Identifying white spaces
Launching a new product/service
Tactical M&As
Satisfied Employees, Satisfied Clients

TMR’s analysts and consultants are distinguished experts in their respective domains. The company is based on an employee-centric model and hires the best, brightest, and most passionate people in the industry. This unparalleled expertise helps TMR uncover latest market intelligence data that’s distinct from the competition.

TMR is also a client-centric organization that endeavors to add value to the client’s business by delivering the most insightful research. TMR understands that every client has unique product/service offerings, statement, and criteria. Customized solutions from TMR are centered on the client’s problem statement. On the other hand, our syndicated research reports provide a packaged solution to keep enterprises abreast of the next major change in their industry.

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Albany NY - 12207
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Tel: +1-518-618-1030
Email: sales@transparencymarketresearch.com

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