About Military Hovercraft
The global Military Hovercraft market is expected to witness high demand in the forecasted period due to technological advancement in the military hovercraft. Hovercraft provide militaries with a platform capable of delivering troops, logistics, and vehicles over some of the most remote, inaccessible coastlines of the world. Hovercraft will accomplish any task performed by a fast boat, but will also operate where no boat can venture.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Most of the Military hovercraft manufacturers are regional players with a limited geographical presence. With new growth strategies, mergers, and acquisitions, and expansion plans, companies are looking to improve their market presence in the coming years. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Military Hovercraft market throughout the forecasted period. 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.
Universal Hovercraft (United States), Meyer Neptun Group (Germany), Aerohod (Russia), AirLift Hovercraft (Australia), Almaz Shipbuilding (Russia), Bland Group (United Kingdom), Garden Reach Shipbuilders & Engineers (GRSE) (India), Hovertechnics (United States), Neoteric Hovercraft (United States), ABS Hovercraft (United Kingdom) and The British Hovercraft Company (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Military Hovercraft market by Type (Diesel Power Type, Gas Power Type and Other), Application (Defense and Homeland Security) and Region.
On the basis of geography, the market of Military Hovercraft 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
Influencing Trend:
The Rising Adoption From the Defence Industry across the World and Increasing Need Of Marine Security and Patrol, Search, and Rescue Operations
Market Growth Drivers:
The Increasing Government Expenditure For the Military and High Demand due to Increasing Instances of the Territorial Water Zone
Restraints:
Requirement of Running Engines for Hovering in Water Compared to Boats
Opportunities:
The Growing Demand from Developing Countries due to Increasing need for Military Service and The Rising Demand due to the Ongoing R & D Activities
Market Leaders and their expansionary development strategies
In January 2023, Aeroauto Aeromalls and VonMercier Hovercraft announced that they signed a strategic partnership agreement during the Washington DC Auto Show. According to the agreement, Aeroauto will become the Exclusive Dealership for VonMercier Hovercraft in the United States. Source: https://www.mordorintelligence.com/industry-reports/hovercraft-market
In September 2023, Griffon Hoverwork has announced development of a new hovercraft – the Wyvern Landing Craft Air Cushion (LCAC), representing a solution for rapid amphibious transport.he Wyvern's specifications are designed to meet the requirements of numerous navies. These include a top speed of 50kts, a payload capacity exceeding 52t and dimensions that ensure compatibility with both modern and legacy amphibious ships. The
Key Target Audience
Manufacturer, Distributors, Suppliers, Government Regulatory Bodies, Private Research Organization, Government Research Organizations and Others
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.