Airships Market Overview
Airships
Market Size is forecast to reach $165.5 million by 2026, growing at a CAGR of 7.5%
during 2021-2026. The various
types of airships such as rigid airships, semi-rigid airships and others are
predominantly being used for surveillance purposes as safety has become a
growing concern in recent times. Airships with the hydrogen and helium
lifting gas is used due to their high lifting capacity and availability. 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. Moreover, airships can monitor a
large area by staying uplifted for long time periods. These factors are aiding the demand for airships in surveillance applications. Further, the airships
are being used as a mode of advertisement as they have the ability to stay up
in the air with little or no movement which helps the advertisements to cover a
larger target area. In addition, the tremendous capacity of these airships to
handle weight is driving the airship industry in the logistic sector.
Airships Market Report Coverage
The
report: “Airships Market Report–
Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the
following segments of the Airships market
By Construction
Type: Rigid, Semi
Rigid, Non-rigid, Others
By Application: Surveillance, Research, Commercial Tours,
Cargo Transport, Advertisement, Others
By Geography: North America (U.S, Canada, Mexico), South
America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy,
Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and
RoW (Middle East and Africa)
Key Takeaways
- Airships market in North America region held significant market share of 35.2% in 2020, as the U.S. will register maximum demand for airships. The dominance of this regional market will be due to the strong presence of manufacturers in the country and development of technologically advanced products that overcome challenges such as high inflammability of hydrogen gas.
- The major factors that drive the growth of the global airships market are rise in need for surveillance and increase in use of airships for advertising to target large areas.
- The airships are being used as a mode of advertisement as they have the ability to stay up in the air with little or no movement which helps the advertisements to cover a larger target area.
- Airships companies are strengthening their position through mergers & acquisitions and continuously investing in research and development (R&D) activities to come up with solutions to cater to the changing requirements of customers.
Global Airships Market, By Region, 2020
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Airships Market Segment Analysis - By Construction Type
The Non-Rigid segment of the market is anticipated to register the highest CAGR of 8.1% during the forecast period. Non-rigid airship rely on the pressure of the lifting gas inside the envelope and the strength of the envelope itself to maintain their shape. In addition, these kind of airships are strong demand due to their lower cost. Additionally, these airships are preferred for advertisements due to their light weight design. Further, Aerial Delivery Research and Development Establishment (ADRDE) developed a non-rigid Unmanned Small Airship System (USAS). This Airship is made up of advanced coated fabric having a very high helium retention capability making it useful for longer operational profile. Hence these factors are analysed to drive the airships market growth in the forecast period 2021-2026.
Airships Market Segment Analysis - By End User
Advertising sector in Airships market is
expected to witness a highest CAGR of 8.4% the forecast period, the airships
are being used as a mode of advertisement as they have the ability to stay up
in the air with little or no movement which helps the advertisements to cover a
larger target area. Moreover, advertising on airships has been analyzed to be
much more cost effective compared to other forms of advertising. In 2020, the
government of Quebec (Canada) has committed to invest $23 million in Flying
Whales, a French company, to start building its massive zeppelins for its
advertising campaign. In 2019, the American Blimp Corporation has also manufactured
airships for advertising. Hence these factors are analyzed to drive the airships
industry outlook in the forecast period 2021-2026.
Airships
Market Segment Analysis - By Geography
Airships market in North America region held significant market share of 35.2% in 2020, as the U.S. will register maximum demand for airships. The dominance of this regional market will be due to the strong presence of manufacturers in the country and development of technologically advanced products that overcome challenges such as high inflammability of hydrogen gas. Further owing to security challenges in U.S, the U.S. Army awarded a $517 million contract to Northrop Grumman and British firm Hybrid Air Vehicles to build three airships, each as long as a football field, to monitor trouble spots in Afghanistan. Furthermore a large number of companies in the U.S. are trying to stage a comeback for these floating giants, as an antidote to loud, emissions-spewing jets, and also as a better civilized way to travel. Hence these factors are analyzed to drive the airships market growth in the forecast period 2021-2026.
Airships Market Drivers
Rise in need for surveillance
Modern
airship designers are targeting two pressing needs intelligence, surveillance,
and reconnaissance missions and the transporting of multiton payloads to
locations unreachable by conventional transport. For instance, airships are
ideal for continuously monitoring sites where improvised explosive devices or
rocket launchers may be deployed. They also excel at scanning for distant
airborne threats. That’s why, in June 2020, the U.S. Army awarded a $517
million contract to Northrop Grumman and British firm Hybrid Air Vehicles to
build three airships, each as long as a football field, to monitor trouble
spots in Afghanistan. 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
The emergence of cargo airships
Cargo airships are an
emerging mode of freight transportation. In 2019, Lockheed Martin’s has signed
letters of intent and production for 24 airships. In addition, in 2020, AIDBA announced
plans to launch its A600 airship, this planned A600 airship will be able to
carry 660 tons of cargo or passengers a distance of 3,700 miles. Its 807-ft
diameter gives it a bigger footprint than the superdome, which has a 680-ft
diameter. Moreover modern cargo airships would be safer and more energy
efficient than their predecessors, and could dramatically reduce emissions
produced by shipping. Further rise in usage of airships for common logistics
transportation, mining, military and other industries has been driving the
growth of the airship market share across the globe in the forecast period
2021-2026.
Airships Market Challenges
Highly flammable gases in airships
Although Airships
are growing at a rapid phase, 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. Furthermore, the airships travel at a much slower speed compared to
the modern day jets. Hence, the application of airships in commercial travel is
being restrained due to slow speeds.
Airships Market Landscape
Product
launches, acquisitions, Partnerships and R&D activities are key strategies
adopted by players in the Airships market. Airships
top 10 companies include Lockheed Martin
Corporation, Airborne Industries Inc., Zeppelin Luftschifftechnik GmbH, Hybrid
Air Vehicles Ltd., Lindstrand Technologies Ltd., Shanghai Vantage Airship
Manufacture Co. Ltd, Information Systems Laboratories Inc., Skyship Services
Inc., Ros Aero Systems SRA., and GEFA-FLUG., among others.
Acquisitions/Product Launches
- In 2020, ALIAD, the Venture Capital arm of the Air Liquide Group, acquired a stake in Flying Whales. In collaboration with Air Liquide, Flying Whales has reinvented the airship, turning it into a greener solution for transporting heavy loads.
- In 2021 - Testia and Flying Whales collaborated to study on structure failure detection for the new LCA60T freight airship.
Relevant Report Titles:
Report Code: ITR 0069
Aerostat Systems Global Market:
Report Code: AD 10813
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LIST OF TABLES
1.Global Airships Market:By Construction Type Market 2023-2030 ($M)2.Global Airships Market:By Construction Type Market 2023-2030 (Volume/Units)
3.North America Airships Market:By Construction Type Market 2023-2030 ($M)
4.South America Airships Market:By Construction Type Market 2023-2030 ($M)
5.Europe Airships Market:By Construction Type Market 2023-2030 ($M)
6.APAC Airships Market:By Construction Type Market 2023-2030 ($M)
7.MENA Airships Market:By Construction Type Market 2023-2030 ($M)
LIST OF FIGURES
1.US Airships Market Revenue, 2023-2030 ($M)2.Canada Airships Market Revenue, 2023-2030 ($M)
3.Mexico Airships Market Revenue, 2023-2030 ($M)
4.Brazil Airships Market Revenue, 2023-2030 ($M)
5.Argentina Airships Market Revenue, 2023-2030 ($M)
6.Peru Airships Market Revenue, 2023-2030 ($M)
7.Colombia Airships Market Revenue, 2023-2030 ($M)
8.Chile Airships Market Revenue, 2023-2030 ($M)
9.Rest of South America Airships Market Revenue, 2023-2030 ($M)
10.UK Airships Market Revenue, 2023-2030 ($M)
11.Germany Airships Market Revenue, 2023-2030 ($M)
12.France Airships Market Revenue, 2023-2030 ($M)
13.Italy Airships Market Revenue, 2023-2030 ($M)
14.Spain Airships Market Revenue, 2023-2030 ($M)
15.Rest of Europe Airships Market Revenue, 2023-2030 ($M)
16.China Airships Market Revenue, 2023-2030 ($M)
17.India Airships Market Revenue, 2023-2030 ($M)
18.Japan Airships Market Revenue, 2023-2030 ($M)
19.South Korea Airships Market Revenue, 2023-2030 ($M)
20.South Africa Airships Market Revenue, 2023-2030 ($M)
21.North America Airships By Application
22.South America Airships By Application
23.Europe Airships By Application
24.APAC Airships By Application
25.MENA Airships By Application
26.Hybrid Air Vehicles Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Zeppelin Luftschifftechnik GMBH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Shanghai Vantage Airship Manufacture Co. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Lindstrand Technologies Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Lockheed Martin Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)