Amphibious Landing Craft Market Size, Share, Growth, And Industry Analysis, By Type (LCAC (Landing Craft Air Cushion), LCM (Landing Craft Mechanized), LCU (Landing Craft Utility)), By Application (Commercial, Military), Regional Insights, and Forecast To 2031

Updated On: 29 April 2024

Amphibious Landing Craft Market Report Overview

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The global amphibious landing craft market size was 1427.2 million in 2022 and market is projected to touch USD 3957 million by 2031, exhibiting a CAGR of 12.0% during the forecast period. 

The COVID-19 pandemic has been unprecedented and staggering, with the Amphibious Landing Craft market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The only carrier that can move an M-1 Abrams tank over the beach is a landing craft air cushion. More than 70% of the world's coastlines can be reached by the carrier using landing craft equipped with air cushion technology, compared to only 15% by traditional landing craft. An amphibious vehicle can traverse both land and water. Military amphibious vehicles can range from small, wheeled command and reconnaissance vehicles to large tanks. Some vehicles may be capable of "wading," thanks to the waterproof screens used by military vehicles to cross deeper seas. Some vehicles can cross water that is deeper than the vehicle itself by using telescopic snorkels. Larger wheeled and tracked vehicles can be replaced by air-cushioned landing craft (hovercraft) in some situations, especially when serving as landing craft. AAVs are made to function both in and out of the water, in challenging conditions, and to move people, cargo, and other vehicles from ship to shore. A sort of amphibious warfare ship called an amphibious landing craft is primarily used to land ground forces and support them during an amphibious attack on hostile territory. Amphibian landing craft are supported by modern ships. The type, operation, and application segments can be used to categorise the global amphibious landing craft market.

For armoured combat vehicles, power generators, and logistics operations for soldiers forcing their way into the interior from attack beaches, unmanned amphibious vehicles will offer a consistent supply of fuel. Medical evacuation variations and surveillance payloads with various sensors are also getting interest. These vehicles can recover wounded soldiers, deliver ammo to the front lines, and provide ISR data proof. Simply modifying the payload to meet the mission criteria will do all of this. These are a few of the major market trends that will boost expansion.

COVID-19 Impact: Lockdown Restrictions and Supply Chain Disruption to Affect Market Growth

The Amphibious Landing Craft Market investigates the COVID-19 epidemic from all angles, ranging from flexible supply chain, import and fare control, to provincial government strategy and potential future effects on the company. A detailed analysis of market status (2015–2021), venture rivalry as an example, the benefits and drawbacks of large-scale products, industry improvement trends (2022–25), territorial modern format characteristics, macroeconomic approaches, and mechanical arrangement have also been included. Amphibious Landing Craft Market is broken down deductively from raw resources to final consumers in this business. The item course and deals channel patterns are also covered. In light of COVID-19, this paper provides a thorough investigation of how the scourge has caused this industry to evolve and change.

Latest Trends

"Increasing Number of Marine Applications for Advanced Amphibious Combat Vehicle (ACV)"

The attributes of ACVs, including as their survivability, mobility, command and control capabilities, and situational awareness, have led to a rise in their use. The combat vehicle's central processing unit (CPU) is coupled to these features. The most recent combat vehicles also have cutting-edge remote turrets, fire control systems, active protection systems, and counter survivability. These vehicles are essential in identifying the marine threat and helping to implement the desired defences. The most recent combat amphibious vehicles are more compatible and reliable than the traditional amphibious excavators because they have integrated systems to deal with threats as they arise.

Amphibious Landing Craft Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into LCAC (Landing Craft Air Cushion), LCM (Landing Craft Mechanized), LCU (Landing Craft Utility). LCAC (Landing Craft Air Cushion) is anticipated to be the leading segment.

• By Application Analysis

Based on application, the market can be divided into Commercial, Military. Commercial will be the dominating segment.

Driving Factors

"Growing technical breakthroughs and the emergence of cutting-edge weapons drive the market growth"

Rapid technical breakthroughs and the emergence of cutting-edge weapons are driving the global amphibious landing craft market. Attacks on targets like military convoys for surface transit are being carried out by terrorist organisations with increasingly sophisticated weapons. Governments from various nations have been compelled to purchase cutting-edge alternative transportation methods, including AAVs (amphibious assault vehicles), for the safety of soldiers because to the rising number of casualties brought on by such attacks. The need for certain types of amphibious landing boat will rise as more forces are sent by nations like the US, Russia, and China across the boundaries of their respective allies. This will support the expansion of the amphibious landing craft sector. Additionally, the great viability of amphibious systems in coastal areas has prompted renowned nations to start upgrading programmes for their fleet of landing craft. Such capacity expansions by various nations to combat rising threats will play a key role in propelling the market for amphibious landing craft during the forecast period.

"Market Will Be Boosted by Growing Demand for Commercial Applications"

The advantages of electrically-powered vehicles, such as their high endurance and durability, sophisticated electronic systems, and affordable vehicles, are driving up demand for them. These cars or vehicles are used for a variety of professional purposes, including sports, mountaineering, exploration, and other activities. Vehicles have a wide range of uses, and the demand from these industries is growing. Excavators for all terrains have been conceived and developed by the business EIK Engineering SDN. With the aid of cutting-edge technologies, the company has contracts with significant companies to design and produce amphibious excavators. These elements will therefore accelerate the market's expansion.

Restraining Factors

"Amphibious Vehicles' High Initial Cost Will Stagnate Growth"

The original cost of amphibious vehicles is increased by the incorporation of high-tech systems and equipment. The vehicle's design can be altered depending on the intended use. As a result, the vehicle's systems must be compatible with both land and water, which will cost a lot of money. These vehicles' engines are distinct from those found in land-operated vehicles. The majority of a vehicle's expenses are related to its engines.

Amphibious Landing Craft Market Regional Insights

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"North America will account for the highest region to dominate the market during forecast period"

The analysis indicates that North America will account for the highest part of USD 1.02 billion in 2019 and be the region with the quickest growth over the course of the forecast. The United States has recently dramatically increased spending on modernising its naval forces. Additionally, the expansion of the market in the United States is being fueled by the presence of important manufacturers like Kawasaki Robotics and Electro Impact Inc. Additionally, in the coming years, the government authorities plan to invest in high-tech propulsion systems. Due to the widespread use of hybrid-based engines, Europe is anticipated to play a significant role in the market's growth.

The second-largest market was in Europe.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Griffin Hoverwork (U.K.)
• L-3 Unidyne (U.S.)
• Marine Alutech (Finland)
• Almaz (Moscow)
• Abu Dhabi Shipbuilding (UAE)
• Garden Reach Shipbuilders and Engineers (India)
• Goa Shipyard (India)
• General Dynamics NASSCO (U.S.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.