The global airship market was valued at USD 181 million in 2018 and is expected to reach USD 306.37 million by 2026 with an anticipated CAGR of 6.8% during the forecast period, 2019–2026.
The Airship report offers a deep geographical analysis where key regional and country-level markets are brought to light. The vendor landscape is also analyzed in-depth to reveal current and future market challenges and Airship business tactics adopted by leading companies to tackle them.
An airship is a power-driven aircraft lighter than a conventional aircraft. The market has observed a shift from conventional single-gas bag and helium, which is most commonly used in airship as the gas is extensively used for filling balloons as it is a much safer gas than hydrogen. They are majorly used for reconnaissance and surveillance, communication, law enforcement, weather forecasting, and coast guarding. low maintenance cost and can monitor large areas by staying in the air for long periods; thus, they are adopted on a large-scale in military applications.
The North America airship market is expected to register substantial growth during the forecast period, owing to increasing security threats, terrorist activities, and political differences, globally. Additionally, modernization of electronic warfare with technological advancements and innovation have been garnering investments from prominent military warfare equipment manufacturing companies such as Lindstrand technologies, Sceye Inc., and AT&T. For instance, Sceye Inc. commenced a new venture for airship technology, majorly for communication purposes.
The global airship market is expected to witness significant growth during the forecast period, owing to increasing cross-border warfare and political instability around the globe. Furthermore, increasing incidents of terror attacks and internal political instability around the globe have created a need for superior intelligence, surveillance, and precision attacks, which is expected to augment the demand for the market. Key players are investing in R&D to offer next-generation airship capable of encountering increasingly sophisticated threats from enemy countries at relatively low costs.
The large class segment is expected to witness significant growth, owing to increasing advertising activities and innovation in product development to meet consumer demand. The military application segment is expected to witness significant growth during the forecast period, owing to the increasing use of product in the surveillance of large areas.
The Major Prominent Players Covered in this Report:
Lockheed Corporation Inc., Skyship Services Inc., RosAeroSystems s.r.a., Lindstrand Technologies, West Deutsche Luftwer GmbH, GEFA-FLUG GmbH, Information Systems Laboratories Inc., Airborne Industries, Hybrid Air Vehicles Ltd., and Sceye Inc.
By Construction Method, Rigid, Semi-Rigid, Nonrigid
By Class, Small, Medium, Large
By Application, Military, Homeland Security, Commercial, Environmental Research & More.
NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2019 to 2026, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key Airship Market Trends:
– The report identifies, determines, and forecasts the Global Airship Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
– Industry to Industry Holds Largest Share in the Airship Market
– It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
– Demand from Regional / geographical is Expected to Drive the Growth
– Rising Adoption of Market Segments in this Growth
– North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
– It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Airship Market.
Key Questions Answered in The Report:
What will the Airship market growth rate?
What are the key factors driving the global Airship market?
Who are the key manufacturers in the Airship market space?
What are the market opportunities, market risk, and market overview of the Airship market?
What are sales, revenue, and price analysis of top manufacturers of the Airship market?
Who are the distributors, traders, and dealers of the Airship market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Airship Industry?
What are sales, revenue, and price analysis by regions of Airship industry?
What are the driving factors contributing to market growth during the short, medium, and long term?
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This release was published on openPR.