According to a new report by Allied Market Research, ” Airships Market ”by Architecture, Rigid, Semi Rigid, Tourism and Recreational, Global Opportunity Analysis and Industry Forecast, 2021-2031. Global Airships Market was valued at $349.2 million in 2021, and is projected to reach $608.1 million by 2031, growing at a CAGR of 6% from 2022 to 2031.
The main types of airships are non-rigid, semi-rigid, and rigid. Non-rigid airships, often called “blimps”, rely on internal pressure to maintain their shape. Semi-rigid airships maintain the envelope shape by internal pressure, but have some form of supporting structure, such as a fixed keel, attached to it.
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The global airship market is segmented on the basis of class, operation, architecture and application. With respect to architecture, the market is divided into non-rigid, rigid and semi-rigid. The application segment is divided into tourism and recreational, research and surveillance, advertisement and cargo, and military and communication. By region, the market is divided into North America, Europe, Asia-Pacific and LAMEA
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Airships are cost effective means of surveillance, widely used by commercial, military and government bodies. Companies operating within the market are innovating semi-rigid airship as they are widely used across all industries and integrating them with several other technologies to proliferate its scope of operations.
Airships are considerably bigger in size and need specific hangers associated with the storage of airships, adding to its cost of ownership. Possibilities of fire, explosion, forces landing, and inoperability in strong winds are some of the other factors adding on to the challenges of airships. The rise in cost of helium gas in global market in line with increase in need of this gas for regular operations is impacting the operational cost of airships. Apart from that, scarcity of skilled individuals capable of operating airships is also one of the major factors limiting business opportunities. According to the Federal Aviation Administration, only 128 people in the U.S. are qualified to fly airships. And only 17 of them are paid to do it full time. On an average, it takes an average of 10 to 15 flight hours to gain experience of single engine general aviation aircraft whereas it takes unto 250 to 400 flight hours before conducting independent airship flights.
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Key Benefits For Stakeholders
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global airships market trends, key players, market segments, application areas, and market growth strategies.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
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Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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