June 15, 2021

Amphibious Aircraft Market Trends & Industry Forecast Report 2021-2024 | Top Leaders, Competitive Landscape, Size Attractiveness Analysis, and Future Scope Analysis

Amphibious Aircraft

Amphibious Aircraft Market” report helps to gain a deeper insight of the market overall landscape with qualitative and quantitative aspects of various industry factors like growth, size and share. The report consists of an extensive primary research associated with rapidly changing dynamics and current scenario of Amphibious Aircraft industry with latest developments. Amphibious Aircraft market also shows information of Product awareness, adept workforce, technological advancements, raw material affluence, favorable environment.

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Scope of the Report:

Amphibious aircraft or amphibian aircraft are referred to those types of aircraft which have the ability to land on both land and water. Some of the amphibious aircraft are seaplanes, which are equipped with retractable wheels. Amphibious aircraft with retractable wheels also have a low fuel economy, as compared to other types of aircraft. Additionally, some of the amphibious aircraft come fitted with reinforced keels, which allows the aircraft to land on snow or ice. The report includes the military and civil amphibious aircraft, as part of the study.

Major Key Players:

  • Vickers Aircraft Company Limited
  • Dornier Seawings GmbH
  • MVP Aero
  • United Aircraft Corporation
  • Equator Aircraft Norway SA
  • Aero Adventure
  • Atol Aviation Oy
  • FAULHABER
  • ShinMaywa Industries Ltd
  • Aviation Industry Corporation of China (AVIC)
  • Flywhale Aircraft GmbH
  • Viking Air Ltd
  • LISA Airplanes
  • ICON Aircraft Inc.

    Market Overview:

  • The amphibious aircraft market is estimated to register a CAGR of over 4.5% during the forecast period, 2019 – 2024.
  • – Growing demand for amphibious aircraft worldwide, coupled with the increasing usage of amphibious aircraft for carrying out search and rescue missions, may lead to the growth of the amphibious aircraft market in the near future.
  • – On the other hand, the increasing number of accident rates of amphibious aircraft worldwide may hamper the market in the long term.
  • – The amphibious aircraft is witnessing steady growth since the last couple of years, with tourism being the most crucial factor, which is propelling the growth of the market. Countries are now looking at amphibious aircraft as being a lucrative option. Moreover, the growing usage of composites while designing the base of the aircraft may lead to companies being able to make use of amphibious aircraft for a longer periods of time. Composites offer protection from corrosion, and reduce weight of the aircraft.
  • – Currently, the market is witnessing various innovations, which are being carried out in order to increase the speed of the amphibious aircraft. The concept of usage of sea foils for amphibious aircraft is the current innovation being done by companies (like LISA Airplanes done on their Akoya Amphibious Aircraft model). The sea foils are fitted to the fuselage of the aircraft and are used to lift the fuselage of the aircraft at high speeds, while taking off from the water. This innovation has eliminated the need for designing of amphibious aircraft with a traditional hull shape.<

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    Our Research Report Includes:

    • Amphibious Aircraft Market size & share analysis
    • Top market players along with sales, revenue, and business strategies analysis
    • Amphibious Aircraft Market growth drivers and restraints
    • Market opportunities & challenges
    • Research methodology and impact of Covid-19 on Industry

    Key Market Trends:

    The Military Segment is Anticipated to Achieve the Highest CAGR During the Forecast Period

    Currently, the military segment has the highest share out of all the segments. Globally, there has been an increasing demand for amphibious aircraft from the naval forces worldwide. Naval forces are placing orders for amphibious aircraft to conduct various operations, such as search and rescue, and surveillance and reconnaissance missions. For example, Indian Naval Forces are in plans to acquire the ShinMaywa US-2 amphibious aircraft from Japan for a deal worth USD 1.30 billion. India is in plans to procure 12 of the amphibious aircraft for conducting search-and-rescue (SAR) maritime surveillance. Additionally, the Indian Navy plans to deploy the aircraft strategically at the Andaman and Nicobar Islands with the objective of carrying out patrols in the larger Indian Ocean Region (IOR). China has also announced that they may make use of the AG600 amphibious aircraft to ferry their troops, as well as equipment, to the South China Sea. The aircraft, which has been developed for firefighting and water rescue, is also used for military uses, owing to the fact that the aircraft can seat up to 50 passengers and this has led to the aircraft being considered as the appropriate choice for troop transportation by the Chinese government. Globally, various naval forces, such as the United States and Japan, are placing orders for amphibious aircraft to carry out various strategic missions. Thus, various upcoming developments, in terms of amphibious aircraft for the military, are expected to increase the focus on this segment, and this may be the reason for its expected high CAGR.

    The Asia-Pacific Region is Expected to have the Highest Growth

    In the amphibious aircraft market, Asia-Pacific is generating the highest revenue at present. The Asia-Pacific region is currently witnessing various developments, in terms of amphibious aircraft. The amphibious aircraft market in China has been witnessing significant growth, owing to the introduction of new technology, which has proved to be a success in the country. China has progressed rapidly with the development of its newest AG600 amphibious aircraft. The AG600 has been developed by China as a part of a drive, in order to modernize the military capabilities of the region amidst the territorial disputes taking place in the South China Sea, which has led to rising tensions in the regions of Asia-Pacific and North America. The aircraft is of the same size as a Boeing 737 and has been designed to carry out marine rescues and battle forest fires. Additionally, the aircraft can also be customized to carry out various other missions, such as protection and observation of the marine environment, resource exploration, as well as providing security against maritime smuggling. Earlier in 2017, Indian carrier SpiceJet showcased interest to acquire 100 amphibious aircraft from Setouchi Holdings Company, Japan. The deal may help SpiceJet to connect passengers in remote areas, which do not have access to airport infrastructure. Thus, the large-scale ongoing developments, in terms of amphibious aircraft, and the growing demand for amphibious aircraft in the Asia-Pacific region may lead to the growth of the amphibious aircraft market in the Asia-Pacific region.

    Competitive Landscape:

    Most of the companies present in the market are efficient at the technological front, but require significant support for enhancing their services and expanding their businesses. Thus, mergers and acquisitions offer significant opportunities to gain the attention of a large number of providers across developed regions.

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    Detailed TOC of Amphibious Aircraft Market Report 2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.3 Market Restraints
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 End User
    5.1.1 Civilian
    5.1.2 Military
    5.2 Geography
    5.2.1 North America
    5.2.1.1 United States
    5.2.1.2 Canada
    5.2.2 Latin America
    5.2.2.1 Mexico
    5.2.2.2 Brazil
    5.2.2.3 Rest of Latin America
    5.2.3 Asia-Pacific
    5.2.3.1 China
    5.2.3.2 Japan
    5.2.3.3 India
    5.2.3.4 Rest of Asia-Pacific
    5.2.4 Europe
    5.2.4.1 United Kingdom
    5.2.4.2 Germany
    5.2.4.3 France
    5.2.4.4 Rest of Europe
    5.2.5 Middle East & Africa
    5.2.5.1 UAE
    5.2.5.2 Saudi Arabia
    5.2.5.3 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Vendor Market Share
    6.2 Company Profiles
    6.2.1 Vickers Aircraft Company Limited
    6.2.2 Dornier Seawings GmbH
    6.2.3 MVP Aero
    6.2.4 United Aircraft Corporation
    6.2.5 Equator Aircraft Norway SA
    6.2.6 Aero Adventure
    6.2.7 Atol Aviation Oy
    6.2.8 FAULHABER
    6.2.9 ShinMaywa Industries Ltd
    6.2.10 Aviation Industry Corporation of China (AVIC)
    6.2.11 Flywhale Aircraft GmbH
    6.2.12 Viking Air Ltd
    6.2.13 LISA Airplanes
    6.2.14 ICON Aircraft Inc.

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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