Press release
Amphibious Vehicle Market Predicted to Hit USD 5,029.10 million by 2027, with 8.5% CAGR
Request The Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/A10097
North America dominates the market, in terms of revenue, followed by Asia-Pacific, Europe, and LAMEA. U.S. dominated the global amphibious vehicle share in 2019, and is expected to grow at a significant rate during the forecast period, owing to significant increase in defense expenditures to modernize marine fleet and increase in adoption of amphibious landing crafts to convey a landing force from the sea to the shore.
Amphibious vehicle is a vehicle capable of operating on land as well as water. This vehicle are used to provide combat support to defense during amphibious military operations and act as excavators for reclamations and dredging of rivers or water bodies. Hence, it can be said that the vehicle has a defense as well as commercial use. This vehicle is available in the form of water jets, screw propellers, and others. It is widely used in activities such as surveillance, water transportation, sports, and others.
By mode of propulsion, the market is categorized into water-jet, track-based, and screw propelled. The track-based segment accounted for the highest revenue in 2019, owing to the increase in demand for track-based amphibious vehicles for various commercial applications such as dredging and excavation. However, the screw propeller segment is anticipated to witness the highest CAGR of 12.9% during the forecast period, owing to advancement in technology and increase in number of innovations in screw propulsion systems.
By end use, the amphibious vehicle is segregated into defense and commercial. The commercial segment accounted for the highest revenue in 2019. The growth of the segment is attributed to increase in demand for amphibious excavators for dredging and excavation purposes.
The factors such as rise in investment in defense sector and surge in the demand for commercial application are expected to drive the market growth. However, high initial cost of amphibious vehicle and increase in operational costs followed by serviceability hinder the market growth. Further, rise in the use of advanced amphibious combat vehicles (ACV) in marine application and surge in demand for amphibious excavators for dredging and excavation are some of the factors anticipated to offer lucrative opportunities for amphibious vehicle market growth.
Procure Complete Report (232 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/a25caa40ae31597392524868919ce63f
Covid-19 Scenario Analysis
The COVID-19 pandemic has forced governments to focus on their spending on healthcare and safeguarding the economy, which could possibly result in shifting priorities away from defense spending.
Market players are anticipated to experience decrease in demand due to declining budgets and procurement priorities and a flattening of the growth curve over the long term
In post COVID situation, amphibious vehicle market is expected to undergo certain changes, as market players and defense agencies are preparing for innovation shift after the lifting of restrictions to rapidly assess and adapt their supply chains.
The COVID-19 crisis is expected to affect commodity chains in the short & long term, owing to the decline in foreign investment.
Key Findings Of The Study
By mode of propulsion, the screw propeller segment is expected to register a significant growth during the forecast period.
By end use, the defense segment is projected to lead the global amphibious vehicle, owing to higher CAGR.
By region, LAMEA is anticipated to register the highest CAGR.
Inquiry Before Buying @ https://www.alliedmarketresearch.com/purchase-enquiry/A10097
Market Key Players
The amphibious vehicle market key players analyzed in this report include BAE Systems, EIK Engineering Sdn. Bhd., General Dynamics Corporation, Hitachi Construction Machinery, Lockheed Martin Corporation, Marsh Buggies Incorporated, Rheinmetall AG, Science Applications International Corporation (SAIC), Wetland Equipment Company, Inc. and Wilco Manufacturing LLC
Related Reports:
Drone Analytics Market https://www.alliedmarketresearch.com/drone-analytics-market-A13562
5G in Defense Market https://www.alliedmarketresearch.com/5g-in-defense-market-A10564
IoT in Aviation Market https://www.alliedmarketresearch.com/iot-in-aviation-market-A06425
Electric Aircraft Market https://www.alliedmarketresearch.com/electric-aircraft-market
Aircraft Electrification Market https://www.alliedmarketresearch.com/aircraft-electrification-market-A07105
Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog:
https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube |
About Us
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides end-to-end solutions along with information, education, advocacy, and networking resources to SMEs and early-stage start-ups to bring excellence to their processes. In addition, we offer a nurturing environment required to develop and grow businesses, including business planning; virtual support; market intelligence; acquiring resources; and getting direct access to finance, suppliers, and other experts to boost the growth of businesses and entrepreneurs.
Our bundled and hassle-free business support systems are customized to meet the needs of SME consultants and industry leaders. Moreover, our large network of skilled consultants and experts help start-ups get the business on a roll.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Predicted to Hit USD 5,029.10 million by 2027, with 8.5% CAGR here
News-ID: 3971998 • Views: …
More Releases from Allied Market Research
Chaga Mushroom Market Size Anticipated to Expand at a CAGR of 7.2% during the Fo …
Chaga mushroom market was valued at $712.60 million in 2021, and is estimated to reach $1.4 billion by 2031, growing at a CAGR of 7.2% from 2022 to 2031.
The key players profiled in this report include Baikal Herbs Ltd., Fungi Perfecti LLC, Annanda Chaga Mushrooms, Bioway (Xi'an) Organic Ingredients Co. Ltd., Sayan Health, Inc., Eartherbs L.L.C., Aloha Medicinals, Oregon Mushrooms Co., Mahogany Organics Private Limited, The Chaga Company LLC., NutraCap…
AI in Agriculture Market Forecast: Emerging Trends and Growth Drivers Through 20 …
According to the report, the global artificial intelligence (AI) in agriculture market was valued at $2.3 billion in 2023 and is projected to reach $14.6 billion by 2032, growing at a CAGR of 23.2% from 2024 to 2032.
This market growth is driven by advancements in AI and data analytics, increasing adoption of digital farming solutions, and supportive government initiatives. However, high initial development costs remain a key restraint. On the…
Game Engines Market CAGR to be at 17.1% | $11.4 Billion Industry Revenue by 2032
The global game engines market was valued at $2.8 billion in 2023 and is projected to reach $11.4 billion by 2032, growing at a compound annual growth rate (CAGR) of 17.1% from 2024 to 2032.
Market Growth Drivers:
The market's expansion is fueled by several key factors, including the increasing number of game development courses and institutions, rapid technological advancements, and the rising popularity of esports and online gaming. However, the high…
Procurement Outsourcing Market Trends: Expected to Grow at a CAGR of 11% from 20 …
The global procurement outsourcing market was valued at $6.4 billion in 2023 and is projected to reach $16.1 billion by 2032, expanding at a CAGR of 11% from 2024 to 2032.
Key Drivers of Market Growth:
1. Technological advancements are enhancing procurement processes.
2. Rising demand for increased efficiency and productivity in operations.
Market Restraints:
1. Loss of control and visibility over outsourced processes.
2. Concerns regarding data security and privacy.
Download Sample Report (Get Full Insights…
More Releases for CAGR
Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.…
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn.
Predictive analytics is segmented into:
Risk management:…
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s…
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more…
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012…
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population.
ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and…
