PUBLISHER: Allied Market Research | PRODUCT CODE: 1193365
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193365
A hovercraft is also known as Air cushion vehicle (ACV) and is specifically utilized to explore narrow waterways and areas where traditional or conventional motorboats cannot be reached. In addition, hovercrafts come in different variations having different shapes and sizes. Moreover, advantages of hovercrafts comprise all-weather capability, efficiency, terrain independence, and speed.
Companies are developing and launching new hovercrafts to meet the transportation needs of military across the globe, which boosts the growth of the market. For instance, in October 2020, Kalashnikov Concern unveiled its new multifunctional hovercraft namely, "Haska-10". The new hovercraft is 21 m long, 7.5 m high, and 12.5 wide. The new hovercraft can carry 10 tons of cargo as well as it can accommodate KamAZ or light armored Tiger-class vehicles on board. In addition, it comprises two 800-hp engines and has a top speed of 40 nautical knots.
Conventional hovercrafts are generally equipped with diesel powered engines as they were primarily used for transporting heavy payloads and personnel. Diesel engines in hovercrafts generate more torque, and run longer on a specific volume of fuel as compared to gasoline engines. In addition, diesel engines do not require spark plugs or electrical ignition system, which in turn improves performance of diesel-powered hovercrafts. In addition, companies are receiving contracts to deliver new hovercrafts to the buyers, which fuels the growth of the hovercraft market.
The hovercraft market is segmented on the basis of propulsion, size, end use, and region. By propulsion, it is classified into diesel powered, gasoline powered, and others. By size, it is fragmented into less than 10m, between 10m & 20m, and greater than 20m. By end use, it is categorized into passenger transport & tourism, cargo transportation, defense, search & rescue, and others. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some leading companies profiled in the report comprise Griffon Hoverwork Ltd, The British Hovercraft Company, Vanair Hovercraft, Universal Hovercraft of America Inc., Neoteic Hovercraft, Hovertechnics, Textron Inc., AirLift Hovercraft, Garden Reach Shipbuilders and Engineers, and Aerohod Ltd.
Key Benefits For Stakeholders
By Size
By Propulsion
By End Use
By Region