Press Release

As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Global Amphibious Landing Craft Market is Expected to Grow at a CAGR of 4.3% in the Forecast Period of 2020-2025.

According to a new report by EMR titled, ‘Global Amphibious Landing Craft Market Report and Forecast 2020-2025’, the global amphibious landing craft market is expected to grow at a CAGR of 4.3% in the forecast period of 2020-2025.

The amphibious landing craft is a type of warfare ship, explicitly used to land and support ground forces on enemy territory by an attack. They are small and medium-sized watercrafts such as boats and barges. The rising conflicts between various countries are expected to be the primary reason guiding the growth of the global amphibious landing craft market in the forecast period. The investment pouring into the amphibious landing craft market by governments across the globe is enormous and is further propelling the market growth.

In June 2019, BAE Systems Land and Armaments LP, a wholly-owned subsidiary of BAE Systems plc (OTCMKTS: BAESY), landed a USD 67 million contract modification to a previously awarded contract. The deal involves the development of engineering drawings for three Amphibious Combat Vehicle (ACV) command and control Mission Role Variants (MRVs), along with their manufacture and test support. This work will be completed in two places, York, Pennsylvania, and in Aiken, South Carolina, by September 2022. Such developments by the players in the industry are expected to drive the market development in the forecast period.

Market Analysis by Type, Operation, Application, and Region:

  • Based on type, the industry is divided into landing craft utility (LCU), landing craft air cushion (LCAC), and amphibious assault vehicle (AAV), among others.
  • Based on operation, the industry is divided into amphibious operations, naval operations, maritime security, and other operations.
  • On the basis of application, the industry is segmented into vehicle transportation and infantry transportation, among others
  • The regional markets for the amphibious landing market include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • Improvement in material sciences allowing for advancement in vehicle design is driving the market growth.
  • Military forces of various governments are adding amphibious assault ships to their armada to strengthen both their armed and naval forces, which is propelling the market growth.
  • Amphibious landing craft’s ability to act as a capable multi-role vehicle and taking on tasks like beaching operations, search and rescue, disaster relief operations, supply and replenishment, and evacuation from distant islands is leading to its increased demand.
  • The increase in privacy has to lead to an increase in the protection required in the seaborne trade, which, in turn, has led to the rise in demand for amphibious landing crafts for increased surveillance and tactical options.

Key Offerings of the Report:

  • The EMR report gives an overview of the global amphibious landing market for the periods (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecast (2020-2025) markets for types, operations, applications, and major regions of amphibious landing vehicles.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global amphibious landing craft market are CNIM, Griffon Hoverwork, Textron Systems Corporation (Textron Inc.), Wetland Equipment Company, and L3 Technologies, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

Why Expert Market Research?

RIGHT PEOPLE

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

RIGHT METHODOLOGY

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

RIGHT PRICE

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

RIGHT SUPPORT

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports

Global Underwater Drones Market Report and Forecast 2020-2025



Global Airborne ISR Market Report and Forecast 2020-2025


Global Precision Guided Munition Market Report and Forecast 2020-2025


Global Underwater Connectors Market Report and Forecast 2020-2025


NEWSLETTER