The global amphibious aircraft market size is expected to experience exponential growth by reaching USD 358.1 million by 2028 while exhibiting an impressive CAGR of 11.71% between 2021 and 2028. Fortune Business Insights in its latest report, titled, “Amphibious Aircraft Market, 2021-2028.”, mentions that the market stood at USD 159.2 million in 2020. Factors such as the increasing demand for amphibious aircraft for commercial purposes and the growing demand for lightweight seaplanes is projected to favor the market’s demand during the forecast period. For instance, in October 2020, the first-ever seaplane service was launched in India that is operational between Ahmedabad and Kevadia.
Market Segmentation:
We have segmented the market based on engine, application, seating capacity, and region. On the basis of the engine, the market is divided into piston and turboprop. Based on application, the market is categorized into civil and military. Furthermore, on the basis of seating capacity, the market is segregated into less than 10 and more than 10. Based on seating capacity, the less than 10 segments are expected to hold the largest global amphibious aircraft market share during the forecast period. This is attributable to the increasing demand for lightweight seaplanes for commercial purposes such as firefighting, maritime monitoring, and ambulance. Lastly, on the basis of region, the market is bifurcated into North America, Europe, Asia-Pacific, and the Rest of the World.
What does the Report Include?
The global market for amphibious aircraft reports provides in-depth analysis and focuses on key aspects such as seaplanes product type, key players, applications, engine type, and seating capacity. Furthermore, the report offers insights on market trends, competitive landscape, competition, product pricing, market status, and highlights key industry developments by adopting several research methodologies. It also includes several direct and indirect factors that have contributed to the growth of the market over recent years.
DRIVING FACTORS
Increasing Demand for Seaplanes for Commercial Purposes to Augment Growth
In December 2020, Sydney Seaplanes announced its collaboration with electric aviation companies, magniX, and Dante Aeronautical, to convert a Cessna Caravan into the first-ever all-electric aircraft. The growing demand for amphibious aircraft for commercial applications such as transportation, sea tourism, search and rescue operation, and others has propelled the companies to innovate their products. Moreover, the growing application of seaplanes in several government operations is expected to boost the global amphibious aircraft market growth in the forthcoming years. For instance, Russia has in its repository Be-200 amphibious seaplanes capable of handling several firefighting missions.
List of the Companies Operating in the Global Market for Amphibious Aircraft:
- Aviat Aircraft, Inc. (The U.S.)
- AVIC (China)
- Beriev Aircraft Company (Russia)
- Bombardier (Canada)
- Dornier Seawings GmbH (Germany)
- Glasair Aviation (The U.S.)
- ICON Aircraft, Inc. (The U.S.)
- ShinMaywa Industries, Ltd. (Japan)
- Textron Inc. (The U.S.)
- VIKING Air Ltd. (Canada)
Information Source –
https://www.fortunebusinessinsights.com/amphibious-aircraft-market-105019
