Published On:June 19, 2017, 4:57 pm
An amphibious vehicle is a transport medium on land as well as on or under water. These vehicles include military amphibious vehicles, amphibious cars, buses, bicycles, ATVs, trucks, and hovercraft. Amphibious Vehicles have been exists from ca. 1900; however the World War II significantly encouraged their development. Amphibious military vehicles are important in beach landing operations, to transport troops and cargo from larger watercrafts to the coast. DUKW was six wheel drive, the most successful amphibious military vehicle of World War II.
During that period, the DUKW was largely employed in Pacific and Europe for various over the beach operations. At the same time, concept of the armored amphibious tractor, the LVT or AMTRAC was being developed. Currently wide ranges of amphibious vehicles are being developed for military operations. Several designs make use of tracks instead of wheels, and in few cases even option to articulated body configurations or new unconventional designs like screw-propelled vehicles which use helical screw barrels which drives a vehicle through snow or ice or muddy terrain with a twisting motion.
The global amphibious military vehicles market is projected to grow from USD 25 Billion in 2016 to around USD 35 Billion by 2022. The compound annual growth rate during forecast period is expected to be maintained at 5.5%. The defense sector in most emerging countries is prominent consumer of diverse kinds of amphibious and armored vehicles.
The key market drivers are Anticipating acts of terrorism, rising incidences of armed violence, carrying out relief work and humanitarian missions. Due to the same elements; banks, government and embassy officials, and VIPsacross the world have invested more on promoting advanced vehicles system. Huge defense funds and growing investment in the research & development of modern military vehicles are fueling the growth of the global market. North America held the top position in the global amphibious vehicle market in 2014, occupied approximately 40% of total market share.
The top players of global amphibious militaryvehicles market are Lockheed Martin Corporation, Bae Systems PLC, Krauss-MaffeiWegmann GmbH & Co. KG, Hanjin Heavy Industries & Construction Co. Ltd.,the Raytheon Company, STREIT Group, General Dynamics Corporation, Lockheed Martin Corporation, Kurganmashzavod JSC, Textron Systems,Elbit Systems Ltd., Rheinmetall AG, KBTM JSC (OMSK), Science Applications International Corporation (SAIC), Renault Trucks Defense, Griffon Hoverwork Ltd. (GHL) and Norinco International Cooperation Ltd. On the basis of types of products, the market primarily splits into types which are Screw Propeller, Water Jet, Track-based and others. Geographically, the market is segmented into regions which are North America, Europe, Asia-Pacific, Middle East, Southeast Asia and Rest of the World. According to the applications, the market is classified as Military Operation and Military Transportation.
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