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Hydroplanes Market Sales Set to Soar on Back of COVID-19 Pandemic, Concludes SMI | BERIEV AIRCRAFT COMPANY, AVIATION INDUSTRY CORPORATION of CHINA (AVIC), VIKING AIR, G1 AVIATION, Glasair Aviation, LISA Airplanes, SHINMAYWA INDUSTRIES, Tecnam Aircraft

06-16-2020 05:54 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Stratagem Market Insights

HYDROPLANES MARKET

HYDROPLANES MARKET

Hydroplanes are fast motorboats in which the overall weight of the boat is supported by planning forces instead of buoyancy. They are majorly used for skimming on the surface of the water. They are classified into floatplane, flying boat, and amphibian. Military and Civil are major end-user of the hydroplanes.

Growth in the sports industry is expected to fuel the market growth of the hydroplanes. Hydroplanes are mostly used for racing and navigation purpose. Thus growing demand for racing boats is expected to boost the demand for hydroplanes. Increasing demand for leisure motorboats due to the growing interest of the consumers towards leisure activities are further anticipated to augment the market growth of the hydroplanes. Booming tourism industry coupled with the increasing participation of the people in the competitive boating’s activities are again anticipated to foster the market growth of the hydroplanes. Moreover, the growing popularity of outboard boats are also expected to fuel the market growth of the hydroplanes.

Furthermore, the rising number of manufacturers of motorboats coupled with the favorable government policies is expected to fuel the market growth of the hydroplanes. Moreover, the adoption of new technologies for the manufacturing of boats is also expected to foster the market growth of the hydroplanes. In addition to this, increasing use of new technologies such as connected devices and smart sensors to the boats is further projected to foster the market growth of the hydroplanes. Also, the use of wireless technology and smartphone apps that enable the boater to monitor and control the boat in an effective manner is again anticipated to fuel the market growth of the hydroplanes.

The Asia Pacific is expected to gain significant growth over the forecast period and this is attributed to growing travel and tourism industry due to increasing investment by the government. India is the third-largest globally in terms of investment in travel & tourism with an investment of US$ 45.7 billion in 2018, accounting for 5.9 percent of national investment. Moreover, by 2029, India's tourism industry is projected to touch the US $488 billion with a growth of 6.7per cent and accounting for 9.2per cent of the total economy.

Key Developments:

1. In February 2019, Mercedes launched a new boat out of their collaboration with Cigarette Racing Team.

2. In September 2019, Lalizas, the Greek manufacturer of marine lifesaving equipment, has launched an ultra-light, compact life raft called ISO RACING.

Buy now this report to grow your Business: https://www.stratagemmarketinsights.com/cart/24505

The Key Manufacturers covered in this Report:-

- BERIEV AIRCRAFT COMPANY
- AVIATION INDUSTRY CORPORATION of CHINA (AVIC)
- VIKING AIR
- G1 AVIATION
- Glasair Aviation
- LISA Airplanes
- SHINMAYWA INDUSTRIES
- Tecnam Aircraft
- TL Ultralight

By the Product Type, the market is primarily segmented into:

- Floatplane
- Flying Boat
- Amphibian

By Applications, the market is segmented into:

- Military
- Civil

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Contact us:

Mr. Shah
Stratagem Market Insights
Tel: +1 415 871 0703
Email: sales@stratagemmarketinsights.com
For More Report @ S_Blogs

About Us:

Stratagem Market Insights is a management consulting organization providing market intelligence and consulting services worldwide. We bring the expertise of consultants with a cumulative industry experience of more than 70 years. The firm has been providing quantified B2B research and currently offers services to over 350+ customers worldwide. Our reports cover various end-use industries such as Aerospace and Defense, Agriculture, Food and Beverages, Automotive, Chemicals and Materials, Consumer Goods and Retail, Electronics, Energy, Mining, and Utilities, Pharmaceuticals, Manufacturing and Construction, Services, and Healthcare, and ICT.

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