NEW YORK, Jan. 13, 2016 /PRNewswire/ -- Global Amphibious Landing Craft Market 2016-2020
Covering: Market forecast for the global amphibious landing crafts until 2019. Segmentation by types (LCAC, LCM, and LCU). Market shares for APAC, Americas, and EMEA are provided in this research study. The leading vendors analyzed by this report include Griffin Hoverwork, L-3 Unidyne, Textron, Marine Alutech, and Almaz.
Market outlook of amphibious landing crafts
The market is witnessing an increase in the global seaborne trade totaling over 9 million tons in 2014. This continuous growth in seaborne trade stresses the need for governments across the world to raise their maritime security budgets. Technavio's market research analysts predict the global amphibious landing craft market to reach more than USD 10 billion in revenues by 2020.
Amphibious ships are capable of carrying large troops and a myriad of combat vehicles, aircraft, landing craft, and engineering equipment's. These ships are equipped with medical facilities and are also used for transporting military troops to affected places to provide relief and assistance to people in need. These numerous capabilities in vessels have led to increased investments in this market.
Upcoming trends and drivers for the global amphibious landing craft market
Increased use of air cushion technology is a key trend in the global amphibious landing craft market. Air cushion technology is being employed in landing crafts because of its numerous benefits in civil and military applications.
It enables the carrier to move at high speeds and can carry up to 60-75 tons of payloads. Landing craft air cushion is the only carrier which are is capable to of transporting M-1 Abrams tank across the beach. Landing craft with air cushion technology allows the carrier to reach more than 70% of the world's coastline, while conventional landing craft only provides and access only to 15% of the coastline.
Global amphibious landing craft market by type
- LCAC (landing craft air cushion)
- LCM (landing craft mechanized)
- LCU (Landing craft utility)
The LCM segment is likely to attract more investment in spite of decreasing military budgets and downsizing of the troops in major countries such as the US and the UK. As part of its USD 34 billion investment in amphibious craft through 2032 the US will continue to drive this market.
Geographical segmentation of the global amphibious landing craft market
European countries accounted for 12% of the global arms sale during 2010-2014. The majority of the international trade in Europe is seaborne, thus necessitating heightened security at the sea. The Middle East and Africa regions in particular have been effected by piracy the Gulf of Aden, the Suez Canal, the Red Sea, and the Arabian Sea. This region is therefore, expected to increase investments to counter crimes.
Leading vendors analyzed in this report
- Griffin Hoverwork
- L-3 Unidyne
- Textron 47
- Marine Alutech
Other prominent vendors of this market include Abu Dhabi Shipbuilding Company, Garden Reach Shipbuilders and Engineers, Goa Shipyard, and General Dynamics NASSCO.
Key questions answered in the report
- What are the key factors driving the global amphibious landing craft market?
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- What are the various opportunities and threats faced by the vendors in the global amphibious landing craft market?
- Trending factors influencing the market shares for the global amphibious landing craft market?
- Market shares for APAC, Americas, and EMEA?
- Key outcome of the five forces analysis on the global amphibious landing craft market?
- Growth forecast of the global amphibious landing craft market?
Technavio also offers customization on reports based on specific client requirement.
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