Amphibious landing craft: key market research findings
- Growing inclination towards air cushion technology
- Increasing demand for landing crafts
Technavio has added a new market research report on the global amphibious landing craft market, which is expected to grow at a CAGR of around 1% between 2016 and 2019. Factors such as increase in the global seaborne trade and growing need for maritime security are propelling the growth of this market. The Americas dominate the global market for amphibious landing crafts, accounting for around 46% of the total market share. Much of the regions’ market growth comes from increased spending on maritime programs. Also, the region is the largest defense spender as well as defense exporter across the globe.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“The market is witnessing increased usage of air cushion technology in landing crafts owing to its benefits in military applications. Besides being eco-friendly, this technique is cost-effective and enhances operational efficiency. It enables a carrier to carry more payloads and has high power-to-weight ratio. Landing craft with air cushion technology allows the carrier to reach more than 70% of the world’s coastline and is highly reliable and less prone to wear, says Sriram Mohan, Lead Analyst, Aerospace & Defense, Technavio Research.
In recent years, the demand for landing craft in military operations is growing continuously. These crafts are capable of high speeds and are highly reliable. Of late, the demand for these crafts is increasing for commercial applications. These crafts provide logistical support and allows businesses to carry a range of equipment, from survey equipment and drilling rigs to cranes and light vehicles. Vendors are focusing on developing advanced landing craft owing to rise in investments by developed nations to improve their maritime security, military intelligence, and surveillance.
The key players in the global amphibious landing craft market include Griffin Hoverwork, L-3 Unidyne, Textron, Marine Alutech, and Almaz. The market is highly competitive with the presence of a large number of vendors, who compete on cost, quality, reliability, and aftermarket services. The vendors are focusing on global footprint network, expanding in-house manufacturing capabilities and product offerings, investing in R&D, and building a strong client base to gain an edge over competitors.
A more detailed analysis is available in the Technavio report, Global Amphibious Landing Craft Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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