About Amphibious Land Craft
During an amphibious assault, landing craft are small and medium seagoing watercraft, such as boats, barges, that are used to transport soldiers and vehicles from the sea to the beach. The increasing contest between various countries regarding naval boundaries, and island territories has led to growing spending by Navies and militaries around the world to rise their amphibious assault capabilities. This has led to the surge in the amphibious land craft demand and popularity in the recent years. Although high cost of operations and maintenance as well as presence of alternative options may hamper the growth of the market. Similarly the blacklisting of certain countries also limits the growth to certain regions. Global military spending is on rise, and the Asia Pacific region is expected to account for largest market share.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Global conflicts are on a rise, especially in the marine background where several countries are contesting on the control and ownership of specified marine boundaries and island territories. This has led to the increasing discussions on improving the amphibious capabilities of countries, thus leading to the surge in demand and popularity of the amphibious land crafts in recent times. The Asia Pacific region is accepted to deliver highest growth due to highly contested South China Sea and increasing hostilities in Indian Ocean Region. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Griffon Hoverwork Ltd. (United Kingdom), General Dynamics (United States), Lockheed Martin Corporation (United States), Fincantieri Marine Group, LLC (United States), BAE Systems (United Kingdom), Thales Group (France), L3 Technologies, Inc. (United States), Iveco (Italy), Textron Systems (United States) and Marine Alutech (Finland) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are JSC United Shipbuilding Corporation (Russia), Tata Motors Limited (India) and Oshkosh Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global Amphibious Land Craft market by Type (Landing Craft Utility, Landing Craft Air Cushion, Amphibious Assault Vehicle and Others), Application (Vehicle Transportation, Infantry Transportation and Others) and Region.
On the basis of geography, the market of Amphibious Land Craft has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use, the sub-segment i.e. Navy will boost the Amphibious Land Craft market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Amphibious Assault Vehicle account for Largest Market Share
Market Growth Drivers:
Increasing Conflicts Regarding Naval Boundaries and Islands, Surge in Global Military Spending and Rising Innovation, Research and Development in the Military Hardware Field
Challenges:
Emergence of New Technology or Vehicle Types in the Market
Restraints:
Black Listing of Certain Countries, Preventing their Access to Certain Amphibious Land Crafts thus limiting the Growth of the Market
Opportunities:
Asia Pacific Segment Presents Highest Opportunities for Amphibious Land Craft Market
Market Leaders and their expansionary development strategies
In April 2022, Joe Yukna, the Director of the Cape Cod Military Museum, acquired a remarkable addition to the museum's collection. This acquisition is expected to become the focal point of the museum in the future, as stated by Yukna. The centerpiece in question is a 36-foot-long fiberglass structure, currently located in Dartmouth, Massachusetts. Technically known as a Viet Nam-era Landing Craft Vehicle, Personnel (LCVP), it bears an uncanny resemblance to the wooden WW II Higgins boats that were utilized in Cape Cod waters for training troops in amphibious tactics.
In 2021, Garden Reach Shipbuilders & Engineers Ltd, popularly known as GRSE which is an India based shipbuilding company specialised in military hardware manufacturing has announced delivery of eighth landing craft utility ship to Indian Navy. This are built particularly for landing operations in the most challenging beaching sites. In addition to troops, each craft may carry main battle tanks, personnel carriers, and other Army vehicles that can be launched from the beaches.
Key Target Audience
Amphibious Land Craft Manufacturers, Suppliers and Distributors, Component Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.