The global airships market has been categorized based on the structure type, application and geography. Under structure type segment, it is further bifurcated into rigid, semi-rigid and non-rigid. Non-rigid and semi-rigid accounted for the market share of 42.9% and 34.2% respectively, 2016.
Global Airships Market Report, published by Variant Market Research, forecast that the global market is expected to reach $304 million by 2024 from $174 million in 2016. The report will include detailed analysis of airships market with respect to major segments such as structure types, application, and geography.
Airship is lighter than the air-aircraft, self-powered, steerable aircraft, which navigates through the air. They contain huge air bags with gas, which are less dense than the surrounding air.These airships are used for advertising, military purpose, covering sports events, and for transporting cargo.
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Increasing use in advertisement drives the market
The factors supporting growth of the market are increase in demand for continuous surveillance, along with low operational cost. Rising use in advertisement driven by its ability to stay up in the air and target larger areas fuels the growth of the market.
However, risky operation owing to use of hydrogen gas which is highly inflammable, would restrain the growth of the market. Additionally, luxury airships for commercial tours and hybrid airships would provide growth opportunity in the coming years.
The global airships market has been categorized into structure type, application, and geography. The structure type segment is sub-segmented into semi-rigid, rigid, and non-rigid.
Additionally, applications are bifurcated into cargo transport, commercial tours, research, surveillance, and others. Based on geography, the global airships market has been classified into North America, Europe, Asia-Pacific, and RoW.
Non-rigid accounted for the largest market share in the structure type segment
Non-rigid accounted for the largest market share in 2016. Non-rigid airship is a simplest form streamlined envelope, without an internal structural framework.
Non-rigid airship is also known as bling and aids in surveillance capabilities. It is used in advertising, and military purpose among others.
Advertisement dominated the application segment
Advertisement held the largest share in the overall application segment in 2016, and is expected to grow at the fastest CAGR between 2016 and 2024. Airship is most iconic, outdoor, and exclusive advertising marketing platform in the world today.
Airships aids to increase brand awareness, and social interaction, among others.
Asia-Pacific dominated the geography segment
Asia-Pacific is expected to grow at the fastest CAGR in the global airships market, due to growing penetration of airships in emerging economies, particularly in remote areas, and high use in outdoor advertising. North America accounts the largest share of the market followed by Europe in the year 2016.
The major key players operating in the global airships market are Airborne Industries Inc., Lockheed Martin Corporation, Hybrid Air Vehicles Ltd., Shanghai Vantage Airship Manufacture Co. Ltd., GEFA-FLUG GmbH, Information Systems Laboratories Inc., Lindstrand Technologies, Zeppelin Luftschifftechnik GmbH., RosAeroSystems s.r.a., and Skyship Services Inc., among others.
Scope of Airships Market
Structure Type Segments
- Commercial Tours
- Cargo Transport
- North America
- South Korea
- South America
- Middle East
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