Airships Market: An Overview
Airships navigate through the air with their own power and are lifted into the air with hydrogen and helium. The various types of airships are predominantly being used for surveillance purposes as the safety has become a growing concern in the recent times. The low maintenance cost of airships and their ability to offer surveillance to large areas are acting as key growth drivers for the global airships market. According to the research report, the global airships market is projected to be worth US$273.2 mn by the end of 2024 as compared to US$152.8 mn in 2015. During the forecast period of 2016 and 2024, the global market is expected to expand at a CAGR of 6.5%.
Major Key Players of the Airships Market are:
Lockheed Martin Corporation, Zeppelin Luftschifftechnik GMBH, Hybrid Air Vehicles Ltd., Lindstrand Technologies Ltd., and Shanghai Vantage Airship Manufacture Co. Ltd.
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Advanced Hydrogen Fuel Manufacturing Techniques to Propel Market’s Growth
Airships have been used for many years but high costs of hydrogen fuel hampered their mass adoption in past. Recently there have been many advancements in the hydrogen fuel generation and distributions. This has revived the airship market. Thus airships are reconsidered by the players and returned to the skies. The increasing adoption by the market leaders is a prominent factor expected to drive the airships market in the coming few years.
Along with this, airships are also used to navigate through the air. Due to this they are predominantly used by the military for surveillance purposes. This is because they cover a larger surveillance area as compared to land-based patrolling equipment. Further, factors such as a growing concern for safety in the recent times is a major factor expected to drive the global airships market in the coming few years. In addition to this, low maintenance cost, easy monitoring and simple operations of the airships are some other strong factor expected to boost the demands of airships for military surveillance application.
The global Airships market can be segmented based on:
Construction Type
- Rigid
- Semi Rigid
- Non-Rigid
Application
- Surveillance
- Research
- Commercial Tours
- Advertisement
- Cargo Transport
- Others
Research objectives:-
– To study and analyze the global Airships consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Airships market by identifying its various sub-segments.
– Focuses on the key global Airships manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Airships with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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