PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1326597
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1326597
Global Amphibious Aircraft Market is valued approximately USD 184.29 million in 2022 and is anticipated to grow with a healthy growth rate of more than 12.1% over the forecast period 2023-2030. An amphibious aircraft, also called a flying boat or floatplane, can operate on both land and water. It has retractable wheels for landings, but this adds weight and reduces range, complexity, and fuel efficiency compared to other aircraft. Some amphibians have reinforced keels that act as skis, enabling them to land on snow or ice without using their wheels. Factors such as the rise in tourism, growing demand for commercial applications, and increased defense budget for next-gen seaplanes contribute to the market growth. The procurement of advanced seaplanes for special operations and military modernization programs also plays a significant role in driving the market.
The growth of the Amphibious Aircraft Market can be influenced indirectly by the airline industry's demand for regional connectivity. In situations where airlines are expanding their operations to remote or infrastructure-limited areas, there could arise a requirement for amphibious aircraft to reach regions with both land and water runways. According to the Statista, in 2019 the airline industry was valued USD 16.9 billion; in 2020 the market reached USD 135.50 billion and it is anticipated to reach USD 32.4 billion by 2023. Additionally, launching amphibious aircraft services and advancement in technology provide lucrative opportunities for market growth during the forecast period. However, the high capital cost of Amphibious Aircraft stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Amphibious Aircraft Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to international aircraft manufacturers are actively considering investments in the production of unpressurized and amphibious aircraft. According to the SAE International in 2022, Textron Aviation recognizes significant potential in the Asia-Pacific market for the new Cessna 408 Sky Courier, particularly in utilizing the aircraft for civilian amphibious applications. North America is expected to grow significantly during the forecast period, owing to the huge defence spending and acquisition of modern amphibious aircraft for varied military missions.
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 years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential 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:
List of tables and figures are dummy in nature, final lists may vary in the final deliverable
List of tables and figures are dummy in nature, final lists may vary in the final deliverable