Amphibious Vehicle Market to Witness High Growth; Contract Between U.S. Marine Corps and BAE Systems to Contribute Growth, says Fortune Business Insights™
Browse Report Summary:
List of the Major Companies in the Amphibious Vehicle Market Include:
• Aquamec Ltd. (Finland)
• BAE Systems PLC (United Kingdom)
• EIK Engineering Sdn. Bhd. (Malaysia)
• General Dynamics Corporation (USA)
• Griffon Hoverwork Ltd. (United Kingdom)
• Hanjin Heavy Industries & Construction Co. Ltd. (Korea)
• Hefei Sunton Machinery Manufacturing Co. Ltd. (China)
• Hitachi Construction Machinery (Europe) N.V. (The Netherlands)
• Kurganmashzavod JSC (Russia)
• Lemac Corporation (USA)
• Lockheed Martin Corporation (USA)
• Marsh Buggies Inc. (USA)
• NORINCO International Cooperation Ltd. (China)
• Remu Oy (Finland)
• and among others.
According to the report, based on the application the amphibious vehicle market is divided into surveillance & rescue, transportation and excavation the excavation segment is predicted to witness high growth during the forecast period owing to its use for maintenance of ponds, swamps, lakes, river beds, and reservoirs. The increasing demand for amphibious excavators for excavation and dredging is predicted to boost the amphibious vehicle market growth during the forecast period.
The amphibious vehicle market report focuses on portraying a complete valuation of the market. It contains facts, thoughtful insights, historical information, industry-validated market information, and projections with a suitable set of assumptions and methodology. It offers valuable insights into all the notable developments of the market. It shares a complete overview of all the segments & parts of the market and also provides statistical data on all the regions.
It is created after extensive research followed by an all-encompassing analysis to benefit companies, stakeholders, financers, and potential investors. Moreover, it also includes product launches, acquisitions, collaborations & partnerships, and industry developments.
Furthermore, the surge in defense expenditure is expected to spur growth opportunities for the market in the forthcoming years. Moreover, the rising need for amphibious land-craft and development of inland waterways is likely to bolster the healthy growth of the market in the foreseeable future.
Request a Sample Copy of the Market Research Report:
Contract Between U.S. Marine Corps and BAE Systems to Propel Growth
The agreement between BAE Systems and the U.S. Marine Corps for test support of three Amphibious Combat Vehicle (ACV) is likely to accelerate the growth of the market in the forthcoming years. For instance, in 2019-BAE Systems made a contract with U.S. Marine Corps having a valuation of US$ 67 million for test support of three Amphibious Combat Vehicle (ACV) command and control Mission Role Variants (MRVs).
Furthermore, the bond of Iveco Defence Vehicles with the US Marine Corps is expected to stimulate the growth of the market during the forecast period. For instance, in 2018, Iveco Defence Vehicles signed an agreement with the US Marine Corps with a valuation of US$ 400 million to deliver 8x8 amphibious armored platform design, core components, and services. Additionally, growing concern regarding homeland security and surge terrorist activities around the world is a vital factor predicted to boost the amphibious vehicle market in the forthcoming years.
Advanced Military Technologies to Boost Market Revenue in North America
Geographically, the Amphibious vehicle market is classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is predicted to dominate the amphibious vehicle market during the forecast period owing to the rising military technologies, which, in, turn will enhance the capability of naval vessels, military aircraft, and advanced and armored vehicles used for safety purposes.
Growing investments in military up-gradation programs which include procurement of advanced military tanks, military vehicles, and hovercraft, is predicted to boost the amphibious vehicle market revenue during the forecast period.
Have Any Query? Ask Our Experts:
Fortune Business Insights Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune - 411045, Maharashtra, India.
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Amphibious Vehicle Market to Witness High Growth; Contract Between U.S. Marine Corps and BAE Systems to Contribute Growth, says Fortune Business Insights™ here
News-ID: 1894385 • Views: 498
More Releases from Fortune Business Insights Pvt Ltd
Hearing Aids Market 2020 Global Industry Share, Size, Growth Analysis and Foreca …
The world’s first Healthable™ Hearing Aids namely Livio AI was reinvented by Starkey Hearing Technologies in August 2018. This updated hearing aid will run on AI and integrated sensors and is the first device to trace cognitive health and physical activity as measured by hearing aid for utilizing in social situations. Such innovations are likely to bode well for the global hearing aids market predicts Fortune Business Insights in their
Naval Vessels and Surface Combatants Market Size to Reach USD 41.82 Billion by 2 …
The global naval vessels and surface combatants market size is projected to reach USD 41.82 billion by 2026 owing to the advancement in technology in naval warships. Such warships are used for sea-based battlefield operations and are inclusive of vertical missile launchers, rocket launchers, torpedo launching systems, and anti-submarine rocket launchers. Fortune Business Insights™ offers a 360-degree overview of the market and its prime growth parameters in their recently published
Drone Services Market to Exhibit Striking 41.34% CAGR till 2026
The global drone services market size is predicted to reach USD 67.43 billion by 2026, exhibiting a CAGR of 41.34% during the forecast period. The increasing utilization of drones in military applications will boost this market revenue during the forecast period. The rising demand for commercial drones in agricultural applications such as crop rotation, crop protection aquaponics, and organic farming will accelerate the drone services market growth. Besides, the increasing
Satellite Communication (SATCOM) Market Size to Reach USD 41.33 Billion by 2026
The global satellite communication (SATCOM) market size is predicted to reach USD 41.33 billion by 2026, exhibiting a CAGR of 7.73% during the forecast period. The rising demand for small satellites in energy, oil & gas, defense, and other sectors will boost the satellite communication (SATCOM) market trends during the forecast period. The growing utilization of small satellites in the defense sector for applications such as, tactical communication, medium
More Releases for Vehicle
Fuel Cell Vehicle Market
The report aims to provide an overview of the global Fuel Cell Vehicle Market with detailed market segmentation by technology, vehicle type, and geography. The global fuel cell vehicle market is expected to witness high growth during the forecast period. The fuel cell vehicle market report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market. Get Sample Copy of
Electrical Vehicle Business
India is exploring the market acceptance and industry dynamics of the electric vehicles manufacturing and servicing sector, both are at an early stage, as domestic OEMs are just started launching EV models and the acceptance is growing slowly. The government policies like rolling out new taxes and awareness about these vehicles will improve the interests significantly which will accelerate the segment’s profitability. Although India’s CO2 emission levels from electricity generation are
Reliable Vehicle Performance Testing
Grant Squirrel Ensures Safety and Robustness of Product Line CAS DataLoggers provided a major automobile manufacturer with the data logging solution for its rigorous vehicle performance testing. As part of the testing of any new vehicle, sample units were typically subject to a variety of endurance and durability tests to identify any potential weak points or failure modes and chart their performance. To gather the most detailed record of a car’s
Vehicle Tracking Market
Vehicle Tracking Market – Global Industry Analysis and Forecast (2017-2026) – By Product, Vehicle, Technology, Application and Region. Vehicle Tracking Market size is valued at US$ 8.1 Bn in 2017 and expected to grow at a CAGR of 7.5% in the forecasting period. size is valued at US$ 8.1 Bn in 2017 and expected to grow at a CAGR of 7.5% in the forecasting period. Vehicle tracking market size is estimated
Vehicle Diagnostics Market by Vehicle Type, Application, Connectivity - 2021 | M …
The report "Vehicle Diagnostics Market by Vehicle Type, Application (Automatic Crash Notification, Vehicle Tracking, Vehicle Health Alert & Roadside Assistance), Connectivity (3G, 4G LTE, Wi-Fi, Bluetooth), Region, & Aftermarket (Vehicle Type & Region) - Forecast to 2021", The vehicle diagnostics market is projected to reach a market size of USD 30.22 Billion by 2021, growing at a CAGR of 16.79% from 2016 to 2021. Stringent emission norms, the rising demand
Vehicle Detectors Market
https://www.qandqmarketresearch.com/reports/7194018/vehicle-detectors-market-104 Vehicle detectors sense the presence of vehicles. They provide an output signal to a control unit, such as a gate or door operator, to open or close. When used as a safety device, vehicle detectors prevent a gate or door from closing on a vehicle. Global Vehicle Detectors market size will reach xx million US$ by 2025, from xx million US$ in 2017, at a CAGR of xx% during the forecast