The global amphibious landing craft market at a CAGR over 4% during the forecast period
NEW YORK, July 24, 2019 /PRNewswire/ --
Global Amphibious Landing Craft Market: About this market
Amphibious landing craft refers to vessels that are used to move defense troops to and from navel carriers. This amphibious landing craft market analysis considers sales from the amphibious armored combat vehicles (ACVs) and armored personnel carriers (APCs), air cushion vehicle, and landing craft utility (LCU) and landing craft mechanized (LCM) segments. Our analysis also considers the sales of amphibious landing craft in APAC, Europe, MEA, North America, and South America. In 2018, the amphibious ACVs and APCs segment held the highest market share, which is expected to remain prevalent over the forecast period. Factors such as the rising use of amphibious ACVs and APCs in peacemaking missions and the growing procurement of these vessels by countries to improve naval dominance will significantly help the segment in maintaining its leading market position. Also, our global amphibious landing craft report has observed market growth factors such as the upgrade of capabilities to counter emerging threats, increasing commercial adoption of amphibious landing craft, and rise in the number of joint operations. However, global macroeconomics, limited effectiveness due to technological constraints, and high R&D and operational costs resulting in the cancelation of ongoing projects may hamper the growth of the amphibious landing craft industry over the forecast period.
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Global Amphibious Landing Craft Market: Overview
Upgrade of capabilities to counter emerging threats
Terrorist attacks on surface transportation, such as military convoys have been increasing. As a result, governments are procuring alternate advanced transport modes, such as assault amphibious vehicles (AAVs), for soldiers. Consequently, the demand for amphibious landing craft is growing. The rising troop mobilization across national borders is also increasing the need for modernized transport systems. Capitalizing on these needs across regions, vendors have been offering variants of amphibious landing craft with advanced technologies that deliver a high level of safety and mission readiness. These factors will drive the expansion of the global amphibious landing craft market at a CAGR over 4% during the forecast period.
Integration of directed-energy weapons (DEWs)
The race for military dominance has been prompting countries such as the US and the Russian Federation to modernize their defense weapons and fleet. In the wake of this need, vendors are incorporating technologies such as directed-energy weapons (DEWs) into amphibious landing craft. Various types of DEWs are available, and they possess immense potential for military applications. For instance, microwave DEWs are anti-material, and hence, can be used to destroy missiles, ships, and unmanned aerial vehicle (UAVs). Countries procuring such technologically advanced amphibious landing craft will gain a military edge. As a result, the trend of integrating DEWs into amphibious landing craft will have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global amphibious landing craft market is fragmented. This robust vendor analysis is designed to help clients in improving their market positions, and in line with this, this report provides a detailed analysis of several leading amphibious landing craft manufacturers, which include BAE Systems Plc, Bland Group, CNIM, Textron Inc., and Wetland Equipment Co. Inc.
Also, the amphibious landing craft market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
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