Airships Market - Forecast(2024 - 2030)

Report Code: AM 73421 Report Format: PDF + Excel

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:

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1. Airships Market - Market Overview
    1.1 Definitions and Scope
2. Airships Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends by type
    2.3 Key trends segmented by geography
3. Airships Market– Industry Landscape
    3.1 Comparative Analysis
        3.1.1 product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis 
        3.1.5 Pricing Analysis
4. Airships Market - Startup companies Scenario Premium (Premium)
    4.1 Top 10 Startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Airships Market - Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top 10 companies
6. Airships Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
7. Airships Market - By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Cain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
    7.4 Supplier/Distributor Analysis
8 Airships Market – By Construction Type (Market Size -$Million/Billion)
    8.1 Rigid
    8.2 Semi Rigid
    8.3 Non-rigid
    8.4 Others
9 Airships Market – By Application (Market Size -$Million/Billion)
    9.1 Surveillance
    9.2 Research
    9.3 Commercial Tours
    9.4 Cargo Transport
    9.5 Advertisement
    9.6 Others
10 Airships Market – By Geography
    10.1 North America
        10.1.1 U.S
        10.1.2 Canada
        10.1.3 Mexico
    10.2 South America
        10.2.1 Brazil
        10.2.2 Argentina
        10.2.3 Chile
        10.2.4 Others
    10.3 Europe
        10.3.1 U.K
        10.3.2 Germany
        10.3.3 France
        10.3.4 Italy
        10.3.5 Netherlands
        10.3.6 Belgium
        10.3.7 Spain
        10.3.8 Russia
        10.3.9 Others
    10.4 APAC
        10.4.1 China
        10.4.2 India
        10.4.3 Japan
        10.4.4 South Korea
        10.4.5 Indonesia
        10.4.6 Malaysia
        10.4.7 Australia & New Zealand
        10.4.8 Others
    10.5 ROW
        10.5.1 Middle East
        10.5.2 Africa
11 Airships Market – Entropy
12 Airships Market – Industry / Segment Competition landscape Premium (Premium)
    12.1 Market Share Analysis
        12.1.1 Market Share by Region- Top 10 companies
        12.1.2 Market Share by type of Industry vertical – Top 10 companies
        12.1.3 Market Share by type of component- Top 10 companies
        12.1.4 Market Share at global level- Top 10 companies
        12.1.5 Best Practices for companies
13 Airships Market – Key Company List by Country Premium (Premium)
14 Airships Market -Company Analysis
    14.1 Lockheed Martin Corporation
    14.2 Airborne Industries Inc.,
    14.3 Zeppelin Luftschifftechnik GmbH
    14.4 Hybrid Air Vehicles Ltd.
    14.5 Lind strand Technologies Ltd.
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10
"*Financials would be provided on a best efforts basis for private companies"

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)