With the emergence and long-term Impact of COVID-19, Global Amphibious Aircraft Market to reach USD 459.56 Million by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Amphibious Aircraft Market points towards a potential rise to USD 459.56 Million by 2030. An amphibious aircraft, also called a flying boat or floatplane, can operate on both land and water. It has retractable wheels for landings, but this adds weight and reduces range, complexity, and fuel efficiency compared to other aircraft. Some amphibians have reinforced keels that act as skis, enabling them to land on snow or ice without using their wheels. Factors such as the rise in tourism, growing demand for commercial applications, and increased defense budget for next-gen seaplanes contribute to the market growth. The procurement of advanced seaplanes for special operations and military modernization programs also plays a significant role in driving the market.
Geographically, the global Amphibious Aircraft market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). Asia Pacific dominated the market in 2022 owing to international aircraft manufacturers are actively considering investments in the production of unpressurized and amphibious aircraft. According to the SAE International in 2022, Textron Aviation recognizes significant potential in the Asia-Pacific market for the new Cessna 408 Sky Courier, particularly in utilizing the aircraft for civilian amphibious applications. In terms of sales, North America is expected to grow significantly during the forecast period, owing to the huge defence spending and acquisition of modern amphibious aircraft for varied military missions.
The global Amphibious Aircraft market is highly competitive owing to the presence of several key manufacturers such as Atol Aviation, Dornier Seawings GmbH, ShinMaywa Industries Ltd, lisa airplanes, Airtime Aircraft Inc, Aero Adventure Llc, Equator Aircraft AS, BERIEV Aircraft Company, ICON Aircraft, Inc, China Aviation Industry Corporation and others.
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Key findings of the study suggest:
- Global Amphibious Aircraft Market is anticipated to grow with a healthy growth rate of more than 12.1% over the forecast period 2023-2030.
- In the Engine Type segment, Turboprop emerged out as the leading market segment in 2022.
- Asia Pacific is anticipated to drive regional growth owing to growing procurement of amphibious aircraft due to the rising tourism, search and rescue operations, and upgradation of military forces in the region.
- North America is expected to grow at higher rate during 2022-2030 owing to high defense spending and procurement of advanced amphibious aircraft in the region.
Bizwit Research & Consulting has considered following segments for the study:
By Aircraft Type:
- Fixed Wing
- Rotary Wing
By Engine Type:
- Turboprop
- Turbine
By End Use:
- Civil Aviation
- General Aviation
- Military Aviation
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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