December, 2020 /MRFR Press Release/- Market Research Future published a half-cooked research report on Global Amphibious Landing Craft Market. The amphibious landing craft market is expected to expand at 12% CAGR during the period 2020 to 2027.
Market Highlights
The amphibious landing craft is a type of boat used by amphibious forces to transport equipment and troops to the shore. They are used for transporting tracked or wheeled vehicles and troops from ships to beachheads, sea shores or piers.
The global amphibious landing craft market is expected to grow at a CAGR of approximately 12%, during the forecast period.
Based on type, the market is segmented as landing craft utility (LCU), landing craft air cushion (LCAC), amphibious assault vehicle (AAV), and others. Among the type of amphibious landing crafts, the landing craft air cushion (LCAC) segment accounted for the largest market share in 2017. The amphibious assault vehicle segment is anticipated to witness the highest CAGR owing to its wide adoption by the military forces due its reliability and flexibility in operation.
By operation, the market is segmented as amphibious operation, naval operation, maritime security, and others. Among these operations, the amphibious operation segment accounted for the largest market share in 2017. The naval operation sub-segment is estimated to witness the highest CAGR, during the forecast period, due to the use of amphibious landing craft for various applications such as antisubmarine warfare (ASW), mine warfare support, among others.
Similarly, based on application, the market is segmented as vehicle transportation, infantry transportation, and others. Among these, the vehicle transportation sub-segment is accounts for the largest market share as the presence of combat vehicles such as tanks are force multipliers and increases the success rate of military missions.
Drivers
Market Research Analysis
North America accounts for the largest market share while Europe is the fastest growing market
Based on region, North America held the largest market share in the global amphibious landing craft market, as of 2017. It is estimated that the region will continue to dominate the market during the forecast period, mainly due to focus on countering terrorism threats, maritime boundary conflicts and securing seaborne trading, which increases the demand for the modernizing of surveillance capabilities, driving the market growth. Europe the second largest market, due to increase in warships among the countries which arise the usage of transporting huge cargos of big tanks or other heavy equipment which is expected to lead the growth in demand for the amphibious landing craft and is thus projected to drive the market growth. It is also estimated that Asis-Pacific will follow Europe to grow at a fastest pace due to increasing government budget for defense during the forecast period.
GLOBAL AMPHIBIOUS LANDING CRAFT MARKET 2018-2023
Scope of the Report
This report provides an in-depth analysis of the global amphibious landing craft market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Europe, Asia-Pacific and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the amphibious landing craft market by type, operation, application and by region.
By Type
By Operation
By Application
By Region
Key Players
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The key players of the Global Amphibious Landing Craft Market are Almaz Shipbuilding (Europe), CNIM (France), Griffon Hoverwork (UK), Marine Alutech Oy Ab (Finland), Textron Systems (US), L3 Technologies, Inc.(US), Abu Dhabi Ship Building (UAE), Goa Shipyard Ltd. (India), Wetland Equipment Company (US), Wilco Manufacturing, L.L.C.(US) and among others
By operation, the market is segmented as amphibious operation, naval operation, maritime security, and others. Among these operations, the amphibious operation segment accounted for the largest market share in 2017. The naval operation sub-segment is estimated to witness the highest CAGR, during the forecast period, due to the use of amphibious landing craft for various applications such as antisubmarine warfare (ASW), mine warfare support, among others.
Similarly, based on application, the market is segmented as vehicle transportation, infantry transportation, and others. Among these, the vehicle transportation sub-segment is accounts for the largest market share as the presence of combat vehicles such as tanks are force multipliers and increases the success rate of military missions.
Drivers
Market Research Analysis
North America accounts for the largest market share while Europe is the fastest growing market
Based on region, North America held the largest market share in the global amphibious landing craft market, as of 2017. It is estimated that the region will continue to dominate the market during the forecast period, mainly due to focus on countering terrorism threats, maritime boundary conflicts and securing seaborne trading, which increases the demand for the modernizing of surveillance capabilities, driving the market growth. Europe the second largest market, due to increase in warships among the countries which arise the usage of transporting huge cargos of big tanks or other heavy equipment which is expected to lead the growth in demand for the amphibious landing craft and is thus projected to drive the market growth. It is also estimated that Asis-Pacific will follow Europe to grow at a fastest pace due to increasing government budget for defense during the forecast period.
GLOBAL AMPHIBIOUS LANDING CRAFT MARKET 2018-2023
Scope of the Report
This report provides an in-depth analysis of the global amphibious landing craft market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Europe, Asia-Pacific and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the amphibious landing craft market by type, operation, application and by region.
By Type
- Landing Craft Utility (LCU)
- Landing Craft Air Cushion (LCAC)
- Amphibious Assault Vehicle (AAV) and Others
By Operation
- Amphibious operation
- Naval operation
- Maritime Security and Other operations
By Application
- Vehicle Transportation
- Infantry Transportation and others
By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Key Players
Ask for your specific company profile and country level customization on reports.
The key players of the Global Amphibious Landing Craft Market are Almaz Shipbuilding (Europe), CNIM (France), Griffon Hoverwork (UK), Marine Alutech Oy Ab (Finland), Textron Systems (US), L3 Technologies, Inc.(US), Abu Dhabi Ship Building (UAE), Goa Shipyard Ltd. (India), Wetland Equipment Company (US), Wilco Manufacturing, L.L.C.(US) and among others
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Report details
| Base Year | 2020 |
| Companies Covered | 15 |
| Pages | 111 |
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