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Market Research Report
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1045571

Global Hovercraft Market By Design, Application, Regional Forecasts 2021-2027

Published: | Bizwit Research & Consulting LLP | Delivery time: 2-3 business days

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Global Hovercraft Market By Design, Application, Regional Forecasts 2021-2027
Published: January 5, 2022
Bizwit Research & Consulting LLP
Delivery time: 2-3 business days
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  • Table of Contents
Description

Global Hovercraft Market is valued approximately at USD 148.8 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 2.1% over the forecast period 2021-2027. Hovercrafts have become one of the most comfortable and profitable means of transportation in many countries around the world. Hovercrafts are known as air cushion vehicles, are widely employed for both military and commercial purposes. For efficient operation, hovercraft requires both propulsion and lift power. This can be accomplished in a number of ways, including the employment of propulsors like engines and lift fans. The market is driven by growing applications of hovercraft in the commercial and military sector and growing adoption for recreational purposes. In recent years, the US Navy has stated interest in newer generation hovercraft and has placed an order with Textron. The US Navy has granted Textron a contract costing USD 386 million to manufacture an extra 15 hovercrafts. The contract was granted as part of the Ship-to-Shore Connector (SSC) Program, also known as the LCAC 100 class, which is replacing a fleet of landing Craft Air Cushions (LCAC) vehicles that are approaching the end of their 30-year service life. Work on the project is now underway in New Orleans, Louisiana, and is projected to be finished in January 2025. However, Lack of lateral control and noisy operation of the vehicle, may impede market growth over the forecast period of 2021-2027.

Europe region is likely to have the fastest development during the projection period due to an improved level of life and the consequences of climate change, also, growing adoption of hovercraft from both commercial and military end-users. Transportation of products, surveillance and rescue, and support for counter-narcotics actions are all used by law enforcement and border troops in the region.

Major market player included in this report are:

Ivanoff Hovercraft AB

Aerohod Ltd

Neoteric Hovercraft Inc.

Airlift Hovercraft Pty Ltd

Griffon Hoverwork Ltd

CHRISTY HOVERCRAFT

Hovertechnics LLC

Textron Inc.

Bill Baker Vehicles Ltd

MAD Hovercraft

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Design:

Skirted Hovercraft

Captured Air Bubble Hovercraft

Simple Plenum Chamber Hovercraft

Sidewall Hovercraft

Peripheral Jet Hovercraft

Recirculation Hovercraft

Trunked Annular Hovercraft

By Application:

Military and Marine

Commercial

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019

Base year - 2020

Forecast period - 2021 to 2027.

Target Audience of the Global Hovercraft Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Table of Contents

Table of Contents

Chapter 1. Executive Summary

  • 1.1. Market Snapshot
  • 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
    • 1.2.1. Hovercraft Market, by Region, 2019-2027 (USD Billion)
    • 1.2.2. Hovercraft Market, by Design, 2019-2027 (USD Billion)
    • 1.2.3. Hovercraft Market, by Application, 2019-2027 (USD Billion)
  • 1.3. Key Trends
  • 1.4. Estimation Methodology
  • 1.5. Research Assumption

Chapter 2. Global Hovercraft Market Definition and Scope

  • 2.1. Objective of the Study
  • 2.2. Market Definition & Scope
    • 2.2.1. Scope of the Study
    • 2.2.2. Industry Evolution
  • 2.3. Years Considered for the Study
  • 2.4. Currency Conversion Rates

Chapter 3. Global Hovercraft Market Dynamics

  • 3.1. Hovercraft Market Impact Analysis (2019-2027)
    • 3.1.1. Market Drivers
      • 3.1.1.1. Increasing applications of hovercraft in the commercial and military sector
      • 3.1.1.2. Growing adoption for recreational purposes
    • 3.1.2. Market Restraint
      • 3.1.2.1. High operational cost
      • 3.1.2.2. Lack of lateral control and noisy operation of the vehicle
    • 3.1.3. Market Opportunities
      • 3.1.3.1. Development of new models for diversified consumer base
      • 3.1.3.2. Increase in demand for technologically advanced

Chapter 4. Global Hovercraft Market Industry Analysis

  • 4.1. Porter's 5 Force Model
    • 4.1.1. Bargaining Power of Suppliers
    • 4.1.2. Bargaining Power of Buyers
    • 4.1.3. Threat of New Entrants
    • 4.1.4. Threat of Substitutes
    • 4.1.5. Competitive Rivalry
    • 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2027)
  • 4.2. PEST Analysis
    • 4.2.1. Political
    • 4.2.2. Economical
    • 4.2.3. Social
    • 4.2.4. Technological
  • 4.3. Investment Adoption Model
  • 4.4. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID -19 Impact

  • 5.1. Assessment of the overall impact of COVID-19 on the Industry
  • 5.2. Pre COVID 19and Post COVID 19 market scenario

Chapter 6. Global Hovercraft Market, by Design

  • 6.1. Market Snapshot
  • 6.2. Global Hovercraft Market by Design , Performance - Potential Analysis
  • 6.3. Global Hovercraft Market Estimates & Forecasts by Design 2018-2027 (USD Billion)
  • 6.4. Hovercraft Market , Sub Segment Analysis
    • 6.4.1. Skirted Hovercraft
    • 6.4.2. Captured Air Bubble Hovercraft
    • 6.4.3. Simple Plenum Chamber Hovercraft
    • 6.4.4. Sidewall Hovercraft
    • 6.4.5. Peripheral Jet Hovercraft
    • 6.4.6. Recirculation Hovercraft
    • 6.4.7. Trunked Annular Hovercraft

Chapter 7. Global Hovercraft Market, by Application

  • 7.1. Market Snapshot
  • 7.2. Global Hovercraft Market by Application, Performance - Potential Analysis
  • 7.3. Global Hovercraft Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
  • 7.4. Hovercraft Market , Sub Segment Analysis
    • 7.4.1. Military and Marine
    • 7.4.2. Commercial

Chapter 8. Global Hovercraft Market, Regional Analysis

  • 8.1. Hovercraft Market , Regional Market Snapshot
  • 8.2. North America Hovercraft Market
    • 8.2.1. U.S. Hovercraft Market
      • 8.2.1.1. Design breakdown estimates & forecasts, 2018-2027
      • 8.2.1.2. Application breakdown estimates & forecasts, 2018-2027
    • 8.2.2. Canada Hovercraft Market
  • 8.3. Europe Hovercraft Market Snapshot
    • 8.3.1. U.K. Hovercraft Market
    • 8.3.2. Germany Hovercraft Market
    • 8.3.3. France Hovercraft Market
    • 8.3.4. Spain Hovercraft Market
    • 8.3.5. Italy Hovercraft Market
    • 8.3.6. Rest of Europe Hovercraft Market
  • 8.4. Asia-Pacific Hovercraft Market Snapshot
    • 8.4.1. China Hovercraft Market
    • 8.4.2. India Hovercraft Market
    • 8.4.3. Japan Hovercraft Market
    • 8.4.4. Australia Hovercraft Market
    • 8.4.5. South Korea Hovercraft Market
    • 8.4.6. Rest of Asia Pacific Hovercraft Market
  • 8.5. Latin America Hovercraft Market Snapshot
    • 8.5.1. Brazil Hovercraft Market
    • 8.5.2. Mexico Hovercraft Market
  • 8.6. Rest of The World Hovercraft Market

Chapter 9. Competitive Intelligence

  • 9.1. Top Market Strategies
  • 9.2. Company Profiles
    • 9.2.1. Ivanoff Hovercraft AB
      • 9.2.1.1. Key Information
      • 9.2.1.2. Overview
      • 9.2.1.3. Financial (Subject to Data Availability)
      • 9.2.1.4. Product Summary
      • 9.2.1.5. Recent Developments
    • 9.2.2. Aerohod Ltd
    • 9.2.3. Neoteric Hovercraft Inc.
    • 9.2.4. Airlift Hovercraft Pty Ltd
    • 9.2.5. Griffon Hoverwork Ltd
    • 9.2.6. CHRISTY HOVERCRAFT
    • 9.2.7. Hovertechnics LLC
    • 9.2.8. Textron Inc.
    • 9.2.9. Bill Baker Vehicles Ltd
    • 9.2.10. MAD Hovercraft

Chapter 10. Research Process

  • 10.1. Research Process
    • 10.1.1. Data Mining
    • 10.1.2. Analysis
    • 10.1.3. Market Estimation
    • 10.1.4. Validation
    • 10.1.5. Publishing
  • 10.2. Research Attributes
  • 10.3. Research Assumption

LIST OF TABLES

  • TABLE 1. Global Hovercraft Market, report scope
  • TABLE 2. Global Hovercraft Market estimates & forecasts by region 2018-2027 (USD Billion)
  • TABLE 3. Global Hovercraft Market estimates & forecasts by Design 2018-2027 (USD Billion)
  • TABLE 4. Global Hovercraft Market estimates & forecasts by Application 2018-2027 (USD Billion)
  • TABLE 5. Global Hovercraft Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 6. Global Hovercraft Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 7. Global Hovercraft Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 8. Global Hovercraft Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 9. Global Hovercraft Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 10. Global Hovercraft Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 11. Global Hovercraft Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 12. Global Hovercraft Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 13. Global Hovercraft Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 14. Global Hovercraft Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 15. Global Hovercraft Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 16. Global Hovercraft Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 17. Global Hovercraft Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 18. Global Hovercraft Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 19. Global Hovercraft Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 20. Global Hovercraft Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 21. U.S. Hovercraft Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 22. U.S. Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 23. U.S. Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 24. Canada Hovercraft Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 25. Canada Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 26. Canada Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 27. UK Hovercraft Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 28. UK Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 29. UK Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 30. Germany Hovercraft Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 31. Germany Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 32. Germany Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 33. France Hovercraft Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 34. France Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 35. France Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 36. Spain Hovercraft Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 37. Spain Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 38. Spain Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 39. Italy Hovercraft Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 40. Italy Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 41. Italy Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 42. ROE Hovercraft Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 43. ROE Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 44. ROE Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 45. China Hovercraft Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 46. China Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 47. China Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 48. India Hovercraft Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 49. India Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 50. India Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 51. Japan Hovercraft Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 52. Japan Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 53. Japan Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 54. Australia Hovercraft Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 55. Australia Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 56. Australia Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 57. South Korea Hovercraft Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 58. South Korea Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 59. South KoreaHovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 60. ROPAC Hovercraft Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 61. ROPAC Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 62. ROPAC Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 63. Brazil Hovercraft Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 64. Brazil Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 65. Brazil Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 66. Mexico Hovercraft Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 67. Mexico Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 68. Mexico Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 69. ROLA Hovercraft Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 70. ROLA Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 71. ROLA Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 72. ROW Hovercraft Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 73. ROW Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 74. ROW Hovercraft Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 75. List of secondary sources used in the study of Global Hovercraft Market.
  • TABLE 76. List of primary sources used in the study of Global Hovercraft Market.
  • TABLE 77. Years considered for the study.
  • TABLE 78. Exchange rates considered.

LIST OF FIGURES

List of figures

  • FIG 1. Global Hovercraft Market, research methodology
  • FIG 2. Global Hovercraft Market, market estimation techniques
  • FIG 3. Global market size estimates & forecast methods
  • FIG 4. Global Hovercraft Market, key trends 2020
  • FIG 5. Global Hovercraft Market, growth prospects 2021-2027
  • FIG 6. Global Hovercraft Market, porters 5 force model
  • FIG 7. Global Hovercraft Market, pest analysis
  • FIG 8. Global Hovercraft Market, value chain analysis
  • FIG 9. Global Hovercraft Market by segment, 2018 & 2027 (USD Billion)
  • FIG 10. Global Hovercraft Market by segment, 2018 & 2027 (USD Billion)
  • FIG 11. Global Hovercraft Market by segment, 2018 & 2027 (USD Billion)
  • FIG 12. Global Hovercraft Market by segment, 2018 & 2027 (USD Billion)
  • FIG 13. Global Hovercraft Market by segment, 2018 & 2027 (USD Billion)
  • FIG 14. Global Hovercraft Market by segment, 2018 & 2027 (USD Billion)
  • FIG 15. Global Hovercraft Market by segment, 2018 & 2027 (USD Billion)
  • FIG 16. Global Hovercraft Market by segment, 2018 & 2027 (USD Billion)
  • FIG 17. Global Hovercraft Market, regional snapshot 2018 & 2027
  • FIG 18. North America Hovercraft Market 2018 & 2027 (USD Billion)
  • FIG 19. Europe Hovercraft Market 2018 & 2027 (USD Billion)
  • FIG 20. Asia-Pacific Hovercraft Market 2018 & 2027 (USD Billion)
  • FIG 21. Latin America Hovercraft Market 2018 & 2027 (USD Billion)
  • FIG 22. Global Hovercraft Market, company market share analysis (2020)