Portland, OR, Nov. 09, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global airships market size garnered $349.2 million in 2021, and is estimated to generate $608.1 million by 2031, manifesting a CAGR of 6.0% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.
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Airship Industry Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $349.2 million |
| Market Size in 2031 | $608.1 million |
| CAGR | 6.0% |
| No. of Pages in Report | 271 |
| Segments covered | Class, operation, architecture, application, and Region. |
| Drivers | Surge in demand of surveillance in confined areas |
| Trend of mega advertisement, | |
| Live streaming of events | |
| Bolstering aerial recreational and sightseeing activities | |
| Opportunities | Cost-effective advertising on airships |
| The tremendous capacity of airships to handle weight and transport over distances with negligible cost | |
| Restraints | Risky operation due to use of hydrogen gas which is highly inflammable |
| High installation cost |
Covid-19 Scenario:
- The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global airships market, owing to implementation of global lockdown and stringent travel restrictions.
- The manufacturing industry of airship experienced a notable business impact due to lack of resources and raw materials. Unavailability of labor force was another major issue.
- On the other hand, there was no major impact towards its operation as airships were not grounded for longer timeframe.
- Also, the storage of airship in hangers attracted additional cost which impacted business profits.
The research provides detailed segmentation of the global airships market based on class, operation, architecture, application, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.
Based on architecture, the rigid segment held the highest share in 2021, accounting for nearly two-fifths of the global airships market, and is expected to continue its leadership status during the forecast period. However, the non-rigid segment is expected to register the highest CAGR of 7.0% from 2022 to 2031.
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Based on application, the tourism and recreational segment accounted for the highest share in 2021, contributing to nearly one-thirds of the global airships market, and is expected to maintain its lead in terms of revenue during the forecast period. In addition, the same segment is expected to manifest the highest CAGR of 7.2% from 2022 to 2031.
Based on class, the medium segment accounted for the highest share in 2021, holding nearly half of the global airships market, and is expected to continue its leadership status during the forecast period. However, the small segment is estimated to grow at the highest CAGR of 7.2% during the forecast period.
Based on region, North America held the largest share in 2021, contributing to more than one-third of the global airships market share, and is projected to maintain its dominant share in terms of revenue in 2031. In addition, the same region is expected to manifest the fastest CAGR of 7.2% during the forecast period. The research also analyzes regions including Europe, LAMEA, and Asia-Pacific.
Leading market players of the global airships market analyzed in the research include Boeing, Lockheed Martin Corporation, Airborne, Zeppelin Luftschifftechnik GmbH, Hybrid Air Vehicles, Lindstrand Technologies Limited, Vantage Airship, Skyship Services, Inc., RosAero Systems, GEFA-FLUG, Sceye Inc., WDL Luftschiffgesellschaft mbH, Aeros, Cargolifter, Varialift.
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The report provides a detailed analysis of these key players of the global airships market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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