According to a new report published by Allied Market Research, titled, “Airships Market Size, Share, Competitive Landscape and Trend Analysis Report, by Class, by Operation, by Architecture, by Application : Global Opportunity Analysis and Industry Forecast, 2021-2031.” The research provides a current evaluation of the global market landscape, highlighting recent trends, key drivers, and the overall market environment. The study examines the main factors influencing industry expansion, analyzing both its growth drivers and restraints. Additionally, it sheds light on factors expected to offer promising opportunities for development of industry in the future. The 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.
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Presently, the global airship market is dominated by North America followed by Europe, Asia-Pacific, and LAMEA. North America is expected to dominate the airship market in terms of growth during the forecast period. In North America, the U.S. is expected to capture the majority of the market share owing to the extensive adoption of airships.
Furthermore, support by the regional government to promote the usage of airships in a range of travel, tourism, and logistics industries further bolster its market demand during the forecast period. European and North American countries such as France, Denmark, Norway, Spain, the UK, and the U.S. have made concrete plans for the decarbonization of air travel at the domestic level. These plans have allowed them to explore several alternatives such as all-electric aircraft and airships. Nations across the globe are actively developing a comprehensive regulatory infrastructure for the safe operations of airships. Such initiatives are anticipated to make trade, transactions, and operations of airships much smoother and more efficient, supporting global business opportunities.
Based on architecture, the rigid segment held the highest share in 2021, accounting for nearly two-fifths of the global airships market, and is expected to continue its leadership status during the forecast period. However, the non-rigid segment is expected to register the highest CAGR of 7.0% from 2022 to 2031.
Based on application, the tourism and recreational segment accounted for the highest share in 2021, contributing to nearly one-thirds of the global airships market, and is expected to maintain its lead in terms of revenue during the forecast period. In addition, the same segment is expected to manifest the highest CAGR of 7.2% from 2022 to 2031.
Based on class, the medium segment accounted for the highest share in 2021, holding nearly half of the global airships market, and is expected to continue its leadership status during the forecast period. However, the small segment is estimated to grow at the highest CAGR of 7.2% during the forecast period.
Based on region, North America held the largest share in 2021, contributing to more than one-third of the global airships market share, and is projected to maintain its dominant share in terms of revenue in 2031. In addition, the same region is expected to manifest the fastest CAGR of 7.2% during the forecast period. The research also analyzes regions including Europe, LAMEA, and Asia-Pacific.
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Leading market players of the global airships market analyzed in the research include Boeing, Lockheed Martin Corporation, Airborne, Zeppelin Luftschifftechnik GmbH, Hybrid Air Vehicles, Lindstrand Technologies Limited, Vantage Airship, Skyship Services, Inc., RosAero Systems, GEFA-FLUG, Sceye Inc., WDL Luftschiffgesellschaft mbH, Aeros, Cargolifter, Varialift.
Key Finding of the Study:
• By class, the medium segment leads the market during the forecast period
• By operation, the manned segment leads the market during the forecast period
• By architecture, the non-rigid segment is expected to grow at lucrative growth rate during the forecast period.
• By application, the tourism, and recreational segment leads the market during the forecast period.
• North America dominated the airship market in terms of growth, followed by Asia-Pacific, Europe, and LAMEA.
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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides end-to-end solutions along with information, education, advocacy, and networking resources to SMEs and early-stage start-ups to bring excellence to their processes. In addition, we offer a nurturing environment required to develop and grow businesses, including business planning; virtual support; market intelligence; acquiring resources; and getting direct access to finance, suppliers, and other experts to boost the growth of businesses and entrepreneurs.
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