Latest News- Amphibious Landing Craft Market: Military is expected to lead the Application segment during 2025-2029

The Amphibious Landing Craft Market is being driven by Upgrade of capabilities to counter emerging threats

The Amphibious Landing Craft Market is expected to grow at a CAGR of 2.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 577.4 million. In the current geopolitical landscape, advanced weaponry, including hypersonic missiles, rail guns, and Directed Energy Weapons (DEW), is driving military competition among nations such as the US and the Russian Federation. DEWs offer significant cost savings for both offensive and defensive applications. High-powered laser DEWs can inflict severe injuries on personnel, while microwave DEWs can destroy enemy material, such as missiles, ships, UAVs, and fry circuitry of deployed equipment. These technological advancements are increasingly being integrated into amphibious landing craft, enhancing their military capabilities. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Military
  • Commercial
• Type
  • Amphibious ACVs and APCs
  • Air cushion vehicle
  • LCU and LCM
• Usage
  • Amphibious operations
  • Naval operations
  • Maritime security
  • Others
• End-user
  • Vehicle transportation
  • Infantry transportation
  • Others
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Upgrade of capabilities to counter emerging threats
• Increasing commercial adoption of amphibious landing craft
• Increase in number of joint operations fueling procurement

However, the market also witnesses some limitations, which are as follows:

• Global macroeconomics affecting procurement of global amphibious landing craft market
• Limited effectiveness due to technological constraints
• High research and development and operating costs resulting in cancelation of ongoing projects

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Market Scope in Amphibious Landing Craft Market Research Report

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Research Analysis Overview

Amphibious landing craft play a crucial role in various maritime operations, including countering terrorism threats and resolving maritime boundary conflicts. These versatile vessels support seaborne trading, amphibious assault ships, and multi-role activities. Beaching operations, search and rescue, disaster relief, supply and replenishment are among their essential functions. Seaborne trading demands and surveillance capabilities enhance their utility. The Indian Navy employs these craft for modern amphibious warfare ships, accommodating large tanks, amphibious vehicles, and military equipment with waterproof screens and telescopic snorkels. Air cushion technology in hovercraft and amphibious landing craft enable ground forces to traverse the world's coastlines effectively.

Market Research Overview

The Amphibious Landing Craft market is a significant segment within the broader global capital goods industry, which includes sectors such as aerospace and defense, building and construction, electrical equipment, industrial conglomerates, machinery, trading companies, and distributors. This market caters to the demand for amphibious landing crafts used in various applications, including countering terrorism threats, resolving maritime boundary conflicts, and facilitating seaborne trading. Amphibious assault ships of the Indian Navy and other defense forces also utilize these landing crafts for amphibious assault operations. The market's growth is driven by increasing geopolitical tensions, rising defense budgets, and the need for advanced technology in maritime operations.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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