Artificial Intelligence driven Marketing Communications
Amphibious Vehicle Market Size, Share & Industry Analysis, By Drive System (Jet Propulsion, Track Propulsion, Propeller), By Application (Surveillance & Rescue, Transportation, Excavation), By Type (Hovercrafts, Tracked Vehicles, Wheeled Vehicles), By End-Use (Commercial, Defense) and Regional Forecast, 2019-2026
The increasing demand for military vehicles from the defense sector is predicted to be a key factor boosting the global amphibious vehicle market, says Fortune Business Insights™ in a report, titled “Amphibious VehicleMarket Size, Share and Industry Analysis, By Drive System (Jet Propulsion, Track Propulsion, Propeller), By Application (Surveillance and Rescue, Transportation, Excavation), By Type (Hovercrafts, Tracked Vehicles, Wheeled Vehicles), By End-Use (Commercial, Defense) and Regional Forecast, 2019-2026” The increasing concern regarding terrorism and homeland security is expected to accelerate the growth of the amphibious vehicle market.
List of the Major Companies in theAmphibious Vehicle Market Include:
According to the report, based on the application the amphibious vehicle market is divided into surveillance and rescue, transportation and excavation the excavation segment is predicted to witness high growth during the forecast period owing to its use for maintenance of ponds, swamps, lakes, river beds, and reservoirs. The increasing demand for amphibious excavators for excavation and dredging is predicted to boost the amphibious vehicle market growth during the forecast period.
The amphibious vehicle market report focuses on portraying a complete valuation of the market. It contains facts, thoughtful insights, historical information, industry-validated market information, and projections with a suitable set of assumptions and methodology.It offers valuable insights into all the notable developments of the market.
Browse Report Summary:
It shares a complete overview of all the segments and parts of the market and also provides statistical data on all the regions. It is created after extensive research followed by an all-encompassing analysis to benefit companies, stakeholders, financers, and potential investors. Moreover, it also includes product launches, acquisitions, collaborations and partnerships, and industry developments.
Furthermore, the surge in defense expenditure is expected to spur growth opportunities for the market in the forthcoming years. Moreover, the rising need for amphibious land-craft and development of inland waterways is likely to bolster the healthy growth of the market in the foreseeable future.
Avail customized purchase options to meet your exact research needs:
Contract Between U.S. Marine Corps and BAE Systems to Propel Growth
The agreement between BAE Systems and the U.S. Marine Corps for test support of three Amphibious Combat Vehicle (ACV) is likely to accelerate the growth of the market in the forthcoming years. For instance, in 2019-BAE Systems made a contract with U.S. Marine Corps having a valuation of US$ 67 million for test support of three Amphibious Combat Vehicle (ACV) command and control Mission Role Variants (MRVs).
Furthermore, the bond of Iveco Defence Vehicles with the US Marine Corps is expected to stimulate the growth of the market during the forecast period. For instance, in 2018, Iveco Defence Vehicles signed an agreement with the US Marine Corps with a valuation of US$ 400 million to deliver 8×8 amphibious armored platform design, core components, and services. Additionally, growing concern regarding homeland security and surge terrorist activities around the world is a vital factor predicted to boost the amphibious vehicle market in the forthcoming years.
Advanced Military Technologies to Boost Market Revenue in North America
Geographically, the Amphibious vehicle market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America is predicted to dominate the amphibious vehicle market during the forecast period owing to the rising military technologies, which, in, turn will enhance the capability of naval vessels, military aircraft, and advanced and armored vehicles used for safety purposes. Growing investments in military up-gradation programs which include procurement of advanced military tanks, military vehicles, and hovercraft, is predicted to boost the amphibious vehicle market revenue during the forecast period.
Have Any Query? Ask Our Experts:
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Fortune Business Insights Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune – 411045, Maharashtra, India.
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit COVID-19 Impact on Amphibious Vehicle Market in 2020 â€“ Know the Forecast Demand till 2026