Air Ship Market Overview:
Air Ships market are power driven vehicle which navigate above the ground. They are predominantly used as mode of transportation. Freight transportation, defense, research, surveillance and advertisements are other common application of airships.
Air Ship Market: Dynamics
Increasing demand towards national security and continuous surveillance, will fuel the demand the demand of the market over the projected period. Further, low operation cost will support the growth of the air ship market significantly. Furthermore, its riding demand in news, weather forecast and advertisement to target huge audience will also attribute to the growth of the market notably, registering a CAGR of 6.5%. Among types of air ship, non-rigid air ship is expected to witness significant growth owing to its increasing demand in commercial and surveillance sector. However, high initial cost of Air Ship is a major factor challenging the growth of the market. global airships market is projected to be worth US$273.2 mn by the end of 2024
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Air Ship Market Segmentation:
On the basis of type, Air Ship market is segmented into:
- Semi-rigid Air Sip
- Rigid-Air Ship
- Non-rigid Air Ship
On the basis of application, Air Ship market is segmented into:
- Commercial Tours
- Cargo Transports
Air Ship Market: Regional Outlook
Geographically, Air Ship market is segmented into North America, Latin America, Europe, Middle East Africa, Asia Pacific excluding Japan and Japan. Among all the regions, North America is expected to account for a major market share owing to increased number of manufacturers in United States, also the regions inclination towards technological development leading to rise in research and development investment by private and public sector to overcome certain challenges such as high inflammability of hydrogen gas. Increasing urbanization and tourism in Asia Pacific is expected to increase the demand for air ship, especially in China and India, thereby, flourishing the market for Air Ship. Latin America and Middle East Africa are expected to have a neck-to-neck growth as a result of their developed economies and technological advancements.
Air Ship Market: Key Players
Some of the prominent players in the Air Ship market are:
- Lockheed Martin Corporation
- Hybrid Air Vehicles Ltd
- Airborne Industries inc
- Lindstrand Technologies
- Information Systems Laboratories Inc.
- GEFA-FLUG GmbH
- Shanghai Vantage Airship Manufacture Co. Ltd.
- Skyship Services Inc.
- Zeppelin Luftschifftechnik GmbH
- RosAeroSystems s.r.a.
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RRI surveys a number of companies in order to estimate the data covered in the report through triangulation methodology. A detailed market understanding and assessment of the drive and application segments covered in the study. The research methodology also includes interviews conducted for various industry leaders by the research experts. This helps the researchers to match their previous findings with the ones confirmed from various resource persons. The report focuses on analyzing the supply-side approaches and keeps a track of that of the demand-side so as to make sure the findings are true. The global market scenario has been derived by consolidation of regional market overviews.