Pune, May 15, 2023 (GLOBE NEWSWIRE) -- Maximize Market Research, a global Aerospace and Defense market research firm has published competitive intelligence and market research report on the “Amphibious Aircraft Market“. The Amphibious Aircraft market size was valued at USD 164.5 Mn in 2022. The total Amphibious Aircraft Market revenue is expected to grow at a CAGR of 12.2 percent from 2023 to 2029, reaching USD 413.15 Mn during the forecast period.
| Market Size in 2022 | USD 164.5 Mn |
| Market Size in 2029 | USD 413.15 Mn |
| CAGR | 12.2 percent (2023-2029) |
| Forecast Period | 2023-2029 |
| Base Year | 2022 |
| Number of Pages | 255 |
| No. of Tables | 126 |
| No. of Charts and Figures | 117 |
| Segment Covered | By Aircraft Type, Engine Type, and End-Use |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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Amphibious Aircraft Market Scope and Research Methodology
The objective of the report is to present a comprehensive analysis of the Amphibious Aircraft Market. The Amphibious Aircraft Market is segmented by Aircraft Type, Engine Type, and End-Use. The report on the Amphibious Aircraft market is an investor guide that provides a comprehensive analysis of the competitive benchmarking of major market players in the Amphibious Aircraft industry by services, revenue, financial status, portfolio, growth strategies, and geographical presence.
Major Service providers in the Amphibious Aircraft Industry are listed by region, total market revenue, financial status, advancements adopted by the market players, and mergers & acquisitions. Data for analysis from the Amphibious Aircraft Market report is collected by both primary and secondary research methods.
The report is a detailed analysis of the Amphibious Aircraft Market by country, regional and global presence. By collecting historical data pertaining to the industry, current and future trends in the Amphibious Aircraft Market are presented in the report along with growth rate and market size over the forecast period. The report includes regional micro-level Market dominance to gain a macro-level understanding of the Amphibious Aircraft Market.
Amphibious Aircraft Market Overview
An Amphibious Aircraft is an aircraft that can take off and land on both solid ground and water. They are fixed wings, though amphibious helicopters exist as well. Amphibious Aircraft are of flying boat type. Amphibious Aircraft are designed as floatplanes with a single float under the fuselage centreline. These aircraft are heavier and slower, more complex, and more expensive to purchase and operate than comparable landscapes. Amphibious aircraft are faster and have a longer range than comparable helicopters, and achieve nearly the range of land-based aircraft.
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Increase Seaplane Tourism Demand Worldwide to boost the Amphibious Aircraft Market growth
Seaplanes are becoming increasingly popular for tourism, in places such as Maldives, Hawaii, and Alaska, and are expected to boost the market growth. The aircraft land in remote locations that are inaccessible by traditional land-based aircraft, which provide tourists with unique and scenic views. The demand for aircraft is increased in regions with large bodies of water and remote natural attractions. In relief disaster efforts and maritime security operations, the demand for aircraft has increased, which is expected to boost market growth. The versatility of aircraft allows them to operate in a wide range of environments making them ideal for tourism in various parts of the world. The development of lightweight and advanced design seaplanes is expected to fuel market growth.
The high cost of Amphibious Aircraft is expected to restrain the market growth. The price of the Amphibious Aircraft depends on the market condition and other factors. Increasing incidence of mishaps such as pilot error, maintenance, survivability, and product failure is expected to hinder the Amphibious Aircraft market growth.
North America region to boost the Amphibious Aircraft market growth over the forecast period
North America region is expected to dominate the market over the forecast period. Vast water bodies, remote regions, and challenging environment with specialized environments with aircraft for transportation is expected to boost the regional Amphibious Aircraft market growth. The region has several manufacturers such as Quest Aircraft Company, ICON Aircraft, and AirCam. The aircraft is commonly used for camping and exploring remote regions, which is expected to boost the regional market growth. The Quest Kodiak is single-engine turboprop aircraft that take off and land on water and land.
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Amphibious Aircraft market segmentation
Based on Aircraft type, the market is segmented into fixed wing and rotary wing. Fixed wing segment is expected to dominate the market over the forecast period. Fixed wing aircraft have unique capability to take off and land on water and land. They are used in a variety of applications such as rescue, firefighting, and transportation to remote locations.
By Aircraft Type:
- Fixed Wing
- Rotary Wing
By Engine Type:
- Turboprop
- Turbine
By End-Use:
- Civil Aviation
- General Aviation
- Military Aviation
Amphibious Aircraft Market Key Players include
- Textron Inc.
- Viking Air Ltd.
- Dornier Seawings
- ICON Aircraft
- Aero Adventure
- Progressive Aerodyne
- AirCam
- SeaMax
- Kitfox Aircraft
- Amphibious Aircraft International
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Key questions answered in the Amphibious Aircraft Market are:
- What is Amphibious Aircraft?
- What was the Amphibious Aircraft market size in 2021?
- What is the expected Amphibious Aircraft market size by 2029?
- What is the growth rate of the Amphibious Aircraft Market?
- Which are the factors expected to drive the Amphibious Aircraft market growth?
- Which factors are expected to restrain the Amphibious Aircraft market growth?
- Which segment dominated the Amphibious Aircraft market growth?
- What is the demand pattern for the Amphibious Aircraft market?
- Which region held the largest share in the Amphibious Aircraft market?
- Who are the major players in the Amphibious Aircraft market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Aircraft Type, Engine Type, and End-Use
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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