India, Feb. 11 -- The global airships market is a nascent one and is hence is seeing foray of numerous players. This makes the market fragmented and highly competitive. In future, the competition is slated to increase further. Since most of the key players are building their airships, the market is still to realize its full potential.

Some of the prominent participants in the market such as Aerocraft, American Blimp Corporation, and Northrop Grumman are headquartered in North America. Other key players in the market are Lockheed Martin Corporation, Hybrid Air Vehicles Ltd., Shanghai Vantage Airship Manufacture Co. Ltd., Zeppelin Luftschifftechnik GMBH, and Lindstrand Technologies Ltd.

A report by Transparency Market Research finds that th...