Amphibious landing craft are small and medium-sized watercrafts such as boats and barges which are used to transport naval landing forces, personnel, vehicles, and equipment. These are produced in different designs with advanced engineering features. The amphibious landing crafts have various applications in countering terrorism threats, maritime boundary conflicts and securing seaborne trading. It is estimated that there will be a substantial growth of the amphibious landing craft market due to deployment of remotely operated underwater vehicle (ROV) using these vehicles. Rising conflicts between countries is a macro factor driving growth of the amphibious landing craft market.
Additionally, governments around the globe are investing on procuring amphibious assault ships to strenghten their armed and naval forces. For instance, in 2017, the Indian Navy comissioned an amphibious landing craft which is deployed for multi-role activities such as beaching operations, search and rescue, disaster relief operations, supply and replenishment and evacuation from distant islands. Furthermore, seaborne trading demands increased security, which increases the demand of amphibious landing craft for the improvement of surveillance capabilities. Hence, increasing investments by the government, would majorly contribute to the growth of the global market.
The market has been segmented based on type, operation, application, and region. Based on type, the market is sub-segmented into landing craft utility, landing craft air cushion, amphibious assault vehicle, and others. The amphibious assault vehicle segment is posed to grow at the fastest pace as it plays an important role in carrying troops from ship to shore, through rough water and surf zone, during amphibious operations.
Based on operation, the market is segmented as amphibious operation, naval operation, maritime security, and others. Among these operation, the naval operations sub-segment is anticipated to witness the fastest growth during the forecast period. , as these landing crafts are used for various purposes such as training programs, evacuation activities, disaster relief program, among others.
The global market is further segmented based on application, into vehicle transportation, infantry transportation, and others. The vehicle transportation segment is estimated to register the highest growth rate during the forecast period As a whole, the global market is expected to grow at a CAGR of approximately 12%, during the forecast period.
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Global market is expected to witness substantial growth during the forecast period, as the increasing conflicts among countries and deployment of ROVs using these amphibious landing craft. Amphibious landing crafts are also used for providing trainings, oversee naval operations and transportation of heavy military vehicles from ship to shore. North America holds the largest market share in the global market, and it is expected to be followed by Europe.
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.
Frequently Asked Questions (FAQ):
The upsurge in terrorism threats is estimated to escalate the need for the crafts in the coming years.
A12% CAGR is foreseen to lift the growth of the market in the approaching period.
Textron Systems (U.S.), Abu Dhabi Ship Building (U.A.E.) and L3 Technologies, Inc. (U.S.) is predicted to enhance the global market among others in the coming years.
The principal regional market is that of North America in the forecast period.
The segment of operation is likely to promote constructive growth in the forecast period.
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