08 Jan 2016 09:01:31
North America Continues to be Biggest Market for Amphibious Landing Crafts, Air Cushion Market
Fleet is used in the war to safeguard coastline of nation from intruders thus maintaining a freedom of trade. For safeguarding country’s coastline, it is important to maintain a separate unit of troops and equipment that specialize in amphibious assaults. Conventionally, traditional landing craft were used to carry equipment and troops from fleet or from big ships to the beach or to the warzone. With changing demand, this industry witnessed production of advanced landing craft that move on several types of terrain, and helped in carrying the equipment and troops directly to the warzone without causing any additional casualties.
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Over the last five decades, the primary aspects influencing amphibious operations have changed, and these have had a bearing on the design of amphibious ships. For instance, the ability of shore-based coastal defense has augmented by several magnitudes. The design of modern amphibious ships has been driven by the need to meet the stringent government conditions.
North America continues to be the biggest market for amphibious landing crafts, air Cushion Market. However, Middle East, and APAC region are expected to observe highest growth for the market in near future. Additionally, Gulf Region and Central Asia are the most attractive markets for foreign shipbuilding companies owing to easier access to the market and projected execution of different naval procurement projects.
Amphibious landing craft, air cushion are used in Military applications and Commercial Application. The global amphibious landing craft, air cushion market is expected to experience a significant growth in landing craft mechanized segment for military applications in the forecast period. The growth would be mainly driven by increase in demand for smaller and faster landing craft in certain regions such as APAC, Middle East and the Latin America. Moreover, defense forces from these regions are undergoing through modernization phase and thus are further expected to boost market in near future.
U.S. is expected to witness decrease in revenue from military application owing to the reduced spending by the U.S. government on landing craft procurement in the next five years. Commercial applications are anticipated to fuel the U.S. market owing to use of landing craft for commercial purposes. The market in Asia pacific is expected to boost owing to amid simmering tensions in East Asia over a series of sovereignty disputes at sea, where new, unpredictable bouts of escalation have increased. Moreover, China has continued to build up the capabilities which in turn has force nation such as India, Russia, and Japan to build theirs.
The latest addition to this growing arsenal Landing Craft Air Cushion (LCAC) vehicle, world’s largest amphibious vehicle reached Guangzhou and is expected to be in service soon. Arms transfer regulation and budgetary constraints are the key challenge for this industry. Additionally, political scenario across the nation is also one of the factors constraining the growth of this market.
Some of the major players in the Amphibious Landing Craft, Air Cushion market include Textron Marine and Land Systems, CNIM, Griffon Hoverwork Limited, Abu Dhabi Shipbuilding Company, GSL, Almaz Shipbuilding, Moyre Shipyard, L-3 Communication, Marine Alutech, and Strategic Marine among others.