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The Amphibious Aircraft Market is segmented by End-user (Civilian, Military), and Geography.
Fastest Growing Market:
Middle East and Africa
The amphibious aircraft market is estimated to register a CAGR of over 4.5% during the forecast period, 2020 - 2025.
Amphibious aircraft or amphibian aircraft are referred to those types of aircraft which have the ability to land on both land and water. Some of the amphibious aircraft are seaplanes, which are equipped with retractable wheels. Amphibious aircraft with retractable wheels also have a low fuel economy, as compared to other types of aircraft. Additionally, some of the amphibious aircraft come fitted with reinforced keels, which allows the aircraft to land on snow or ice. The report includes the military and civil amphibious aircraft, as part of the study.
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Currently, the military segment has the highest share out of all the segments. Globally, there has been an increasing demand for amphibious aircraft from the naval forces worldwide. Naval forces are placing orders for amphibious aircraft to conduct various operations, such as search and rescue, and surveillance and reconnaissance missions. For example, Indian Naval Forces are in plans to acquire the ShinMaywa US-2 amphibious aircraft from Japan for a deal worth USD 1.30 billion. India is in plans to procure 12 of the amphibious aircraft for conducting search-and-rescue (SAR) maritime surveillance. Additionally, the Indian Navy plans to deploy the aircraft strategically at the Andaman and Nicobar Islands with the objective of carrying out patrols in the larger Indian Ocean Region (IOR). China has also announced that they may make use of the AG600 amphibious aircraft to ferry their troops, as well as equipment, to the South China Sea. The aircraft, which has been developed for firefighting and water rescue, is also used for military uses, owing to the fact that the aircraft can seat up to 50 passengers and this has led to the aircraft being considered as the appropriate choice for troop transportation by the Chinese government. Globally, various naval forces, such as the United States and Japan, are placing orders for amphibious aircraft to carry out various strategic missions. Thus, various upcoming developments, in terms of amphibious aircraft for the military, are expected to increase the focus on this segment, and this may be the reason for its expected high CAGR.
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In the amphibious aircraft market, Asia-Pacific is generating the highest revenue at present. The Asia-Pacific region is currently witnessing various developments, in terms of amphibious aircraft. The amphibious aircraft market in China has been witnessing significant growth, owing to the introduction of new technology, which has proved to be a success in the country. China has progressed rapidly with the development of its newest AG600 amphibious aircraft. The AG600 has been developed by China as a part of a drive, in order to modernize the military capabilities of the region amidst the territorial disputes taking place in the South China Sea, which has led to rising tensions in the regions of Asia-Pacific and North America. The aircraft is of the same size as a Boeing 737 and has been designed to carry out marine rescues and battle forest fires. Additionally, the aircraft can also be customized to carry out various other missions, such as protection and observation of the marine environment, resource exploration, as well as providing security against maritime smuggling. Earlier in 2017, Indian carrier SpiceJet showcased interest to acquire 100 amphibious aircraft from Setouchi Holdings Company, Japan. The deal may help SpiceJet to connect passengers in remote areas, which do not have access to airport infrastructure. Thus, the large-scale ongoing developments, in terms of amphibious aircraft, and the growing demand for amphibious aircraft in the Asia-Pacific region may lead to the growth of the amphibious aircraft market in the Asia-Pacific region.
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Aviation Industry Corporation of China (AVIC), ShinMaywa Industries, Ltd., United Aircraft Corporation, ICON Aircraft, Inc., and Viking Air Ltd. are the prominent companies, which are occupying significant market share during the forecast period in the amphibious aircraft market. Various initiatives, as well as product innovations, which have been done by companies, have led them to strengthen their presence in the market. As of 2018, ShinMaywa Industries, Ltd. reported that they have signed a memorandum of understanding with Mahindra Defense for the manufacturing of US-2 amphibious aircraft. India's Mahindra Defense and Japanese ShinMaywa Industries, Ltd. are now under discussion for the manufacturing of amphibian aircraft for the Indian Navy. Both countries are working toward introducing the aircraft in India. Mahindra Aerospace Private Limited, in 2018, reported that it has signed a memorandum of understanding with Canadian-based Viking Air Ltd. This alliance has been made so that the companies are able to provide turboprops as well as amphibious aircraft to various other players which are looking to enter the Indian general aviation market.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.2.1 North America
220.127.116.11 United States
5.2.2 Latin America
18.104.22.168 Rest of Latin America
22.214.171.124 Rest of Asia-Pacific
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
5.2.5 Middle-East and Africa
184.108.40.206 United Arab Emirates
220.127.116.11 Saudi Arabia
18.104.22.168 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Vickers Aircraft Company Limited
6.2.2 Seawings International
6.2.3 MVP Aero
6.2.4 United Aircraft Corporation
6.2.5 Equator Aircraft AS
6.2.6 Aero Adventure LLC
6.2.7 Atol Avion
6.2.8 FAULHABER MICROMO, LLC
6.2.9 ShinMaywa Industries, Ltd.
6.2.10 Aviation Industry Corporation of China (AVIC)
6.2.11 Flywhale Aircraft GmbH & Co. KG
6.2.12 Viking Air Ltd.
6.2.13 LISA Airplanes
6.2.14 ICON Aircraft, Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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