The advancements in airship technologies have led to the need for surveillance to strengthen the security aspect. The military and defense services require airships to overcome security issues. Furthermore, these aircraft are cost-effective and loaded with surveillance features which may ultimately promote market growth. The development of rigid and semi-rigid aircraft have contributed significantly to the growth of the airship market, In addition, the increasing number of commercial tours in airship have created multiple growth opportunities for the airship market during the forecast period of 2021-2031.
The leading players operating in the airship market are focussing on making the airships safer and secured with advanced security features owing to the threat associated with their use in military and defense services. The innovations and technological developments have made the use of airships convenient for commercial travel. The strategic collaborations with various business ventures, mergers, acquisitions, and startups have expanded the reach of the airship market across the globe. The innovative technology has assisted the consumers with convenient and safe transportation. The availability of rigid, mon-rigid, and semi-rigid airships as per the requirements has proved to be growth boosters for the airship market. Semi-rigid airships and rigid airships have metal frameworks that help in maintaining the shape of the aircraft and make it comfortable and efficient. Whereas, the non-rigid airships work on the pressure of gases within their envelope. The market players are involved in product launches and promotional activities which prove to be beneficial for the growth of the airship market.
Some of the players in the airship market are Skyship Cruise AG, Lockheed Martin Corporation, Zeppelin Luftschifftechnik GmbH, GEFA-FLUG, Airborne Industries Inc., Augur RosAerosystemsa, and Shanghai Vantage Airship Manufacture Co, Ltd.
Rising Trend of Eco-Friendly Transportation to Augment Growth of Airship Market
The rising trend of environment-friendly transport systems has led to improvements in airship designs to support the use of sustainable means of transport. The use of green materials in the production process has enhanced the sustainability of the product in an eco-friendly way. The rising concerns about the environment across the globe have created a positive impact on the growth of the airship market. The use of airships has increased for surveillance purposes which may ultimately propel the market growth.
During the pandemic, the entire globe faced a decline in production and various businesses faced huge losses. The supply chains were disrupted due to lockdowns which affected the growth of the airship market. Nevertheless, things have come back to normal and businesses are bouncing back. This scenario can prove to be a ray of hope for the airship market.
The situation of continuous security threats across the border areas has opened new avenues of growth for the airship market. The rising production and manufacturing activities may generate good revenue for the airship market. Further, the cost of advertisement through airships is more budget-friendly as compared to other means of advertisements. The extensive use of airships in logistics due to its capacity to carry heavy loads may drive the airship market.
North America to Witness Significant Growth across Global Airship Market
North America may show substantial growth across the global market owing to the increase in security threats and prominent investments made by government bodies to manufacture warfare equipment. Furthermore, Asia Pacific is expected to generate good revenue for the airship market due to the rise in terrorist activities and border disputes arising in several countries such as China and India. The need for stringent surveillance in Europe due to the increasing terror attacks has boosted the market growth. In addition, the Middle East region may show rapid growth due to the rising demand for lavish and comfortable commercial tours.