Airships Market: Technological Growth Map Over Time To Understand the Industry Growth Rate

Marketing

Introduction

Airships are lighter than air (LTA) airships. These aircrafts have the ability to navigate through air with the help of its own power. Airships, also known as aerostats gain their lift through large gas filled bags which are filled with lifting gases such as helium or hydrogen. The market for airships is expected to grow due to their rising demand for surveillance globally.

Global Airships Market: Drivers and Restraints

The growing concern for safety has lead to the increasing demand for surveillance. However, the requirement for monitoring of large areas is leading to the demand for economic methods of surveillance. Airships have lower maintenance cost and can monitor a large area by staying uplifted for long time periods. These factors are aiding to the demand for airships in surveillance applications.

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However, there are some issues related with the use of airships that can hinder the growth of the market. Currently, most of the airships operated with the help of lighter than air gases such as helium and hydrogen. However, hydrogen is a highly flammable gas which has led to several accidents earlier. Hence it becomes risky to operate an airship filled with hydrogen.

Global Airships Market: Segmentation

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.

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Global Airships Market: Regional Outlook

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.  

Key Players Mentioned in the Report

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.