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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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
237 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.7% |
Market growth 2025-2029 |
USD 577.4 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
2.6 |
Key countries |
US, UK, China, Canada, France, Germany, Japan, Italy, Brazil, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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.
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
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