- Landing Craft Mechanized (LCM)
- Landing Craft Utility (LCU)
- Landing Craft Air Cushion (LCAC)
Amphibious Land Craft Market estimated at USD x million in 2022 and is poised to grow at a CAGR of x% from 2023-2029 owing to increasing demand for the smaller and faster landing craft for defense and military purposes. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global amphibious land craft products. increasing security concerns for protecting the sea trade activities are the major factors that are driving the growth of the market. Moreover, increasing investments by the government due to rising terrorism and the government focusing on the security concerns of the citizens and amphibious land crafts are popularly used in civil and military applications fuel the growth of the market over the forecast period. However, strict regulations on arms transfer and budgetary limitations hinder the growth of the market.
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According to Stockholm International Peace Research Institute, in Central Europe, military spending grew by 12 percent compared with 2017 and by 35% compared with 2009 and global military expenditures rose to US$ 1.8 trillion in 2018 and Russia is the second largest arms exporter in the world and United States accounts almost 36% of the total military expenditures across the world which accounts US$ 643.2 Bn followed by China (14%), Saudi Arabia (3.7%), India (3.7%), and France (3.5%). Apart from aforementioned dynamics, increasing military expenditure, the U.S. is supporting constant wars around the world in order to increase access to oil and political power. Increasing spending on military would decrease the unemployment rate and provides citizens with more work. For instance, According to former Secretary of Labor Robert Reich, the military provides over 3.5 million individual with jobs in the United States.
The key segments covered in the amphibious land craft market are: by type, application, and geography
The amphibious land craft market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
The amphibious land craft market key players are: Textron, Marine and Land Systems, Griffon Hoverwork Limited, Goa Shipyard Limited, Tiltan Pharma, General Dynamics NASSCO