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Global Amphibious Landing Craft Market is Expected to Grow at a CAGR of 4.3% in the Forecast Period of 2022-2027.

According to a new report by EMR titled, ‘Global Amphibious Landing Craft Market Report and Forecast 2022-2027’, the global amphibious landing craft market is expected to grow at a CAGR of 4.3% in the forecast period of 2022-2027.

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 2020, 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 (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) 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 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.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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