Global Amphibious Landing Craft Market predicted to grow at more than 12% by 2027

Based on type, the market is segmented as landing craft utility (LCU), landing craft air cushion (LCAC), amphibious assault vehicle (AAV), and others. Among the type of amphibious landing crafts, the landing craft air cushion (LCAC) segment accounted for the largest market share in 2017. The amphibious assault vehicle segment is anticipated to witness the highest CAGR owing to its wide adoption by the military forces due its reliability and flexibility in operation. By operation, the market is segmented as amphibious operation, naval operation, maritime security, and others. Among these operations, the amphibious operation segment accounted for the largest market share in 2017. The naval operation sub-segment is estimated to witness the highest CAGR, during the forecast period, due to the use of amphibious landing craft for various applications such as antisubmarine warfare (ASW), mine warfare support, among others.Similarly, based on application, the market is segmented as vehicle transportation, infantry transportation, and others. Among these, the vehicle transportation sub-segment is accounts for the largest market share as the presence of combat vehicles such as tanks are force multipliers and increases the success rate of military missions.DriversMarket Research AnalysisNorth America accounts for the largest market share while Europe is the fastest growing marketBased on region, North America held the largest market share in the global amphibious landing craft market, as of 2017. It is estimated that the region will continue to dominate the market during the forecast period, mainly due to focus on countering terrorism threats, maritime boundary conflicts and securing seaborne trading, which increases the demand for the modernizing of surveillance capabilities, driving the market growth. Europe the second largest market, due to increase in warships among the countries which arise the usage of transporting huge cargos of big tanks or other heavy equipment which is expected to lead the growth in demand for the amphibious landing craft and is thus projected to drive the market growth. It is also estimated that Asis-Pacific will follow Europe to grow at a fastest pace due to increasing government budget for defense during the forecast period. GLOBAL AMPHIBIOUS LANDING CRAFT MARKET 2018-2023Scope of the ReportThis report provides an in-depth analysis of the global amphibious landing craft market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Europe, Asia-Pacific and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the amphibious landing craft market by type, operation, application and by region.By Type

• Landing Craft Utility (LCU)


• Landing Craft Air Cushion (LCAC)


• Amphibious Assault Vehicle (AAV) and Others

By Operation

• Amphibious operation


• Naval operation


• Maritime Security and Other operations

By Application

• Vehicle Transportation


• Infantry Transportation and others

By Region

• North America


• Europe


• Asia-Pacific


• Rest of the World

Key PlayersAsk for your specific company profile and country level customization on reports.The key players of the Global Amphibious Landing Craft Market are Almaz Shipbuilding (Europe), CNIM (France), Griffon Hoverwork (UK), Marine Alutech Oy Ab (Finland), Textron Systems (US), L3 Technologies, Inc.(US), Abu Dhabi Ship Building (UAE), Goa Shipyard Ltd. (India), Wetland Equipment Company (US), Wilco Manufacturing, L.L.C.(US) and among others