Amphibious Aircraft Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Amphibious Aircraft Market
The amphibious aircraft market size was valued at USD 159.2 million in 2020, and the market is now projected to grow from USD 159.2 million in 2020 to USD 358.1 million by 2028, exhibiting a CAGR of 11.71% during the forecast period of 2021-2028.
The COVID-19 lockdown has extensively impacted the amphibious aircraft market growth, main to a 60% decline in passenger traffic and a loss of approximately USD 371 billion in gross passenger running revenues for airlines. Supply chain disruptions, financial slowdown, and sluggish manufacturing costs are anticipated to effect market increase. This has notably impacted the growth of the aviation marketplace in 2020.
Seaplanes are applied in various commercial packages like firefighting, search, rescue, and tourism. The marketplace boom is driven by the increasing demand for passenger transportation, ambulances, and patrol aircraft. India released its first seaplane carrier in October 2020, highlighting the growing call for amphibious plane for industrial applications. The increasing demand for these planes is predicted to force marketplace growth.
Seaplane producers are specializing in decreasing aircraft weight with the advent of lightweight models. In July 2017, French organization Lisa Airplanes evolved the AKOYA, a unique design without a hull or step, and Seafoils technology. This layout neutralizes the effect of lapping waves, presenting comfort and balance. This improvement is expected to enhance global amphibious aircraft market increase all through the forecast period. The AKOYA is predicted to take off in various sea situations.
Comprehensive Analysis of Amphibious Aircraft Market
The market for seaplanes is segmented into piston and turboprop engines, with the turboprop segment expected to hold the highest market share due to its lightweight design and higher power output per weight. The piston engine segment is expected to experience significant growth due to its ease of maintenance, low acquisition cost, and lower fuel consumption. The market is divided into civil and military applications, with the military segment expected to be the largest due to increased defense expenditure and procurement of seaplanes for naval operations. The civil segment is expected to experience the highest growth due to increasing demand for aircraft applications like passenger transportation, tourism, fire-fighting, search and rescue, and ambulance. The seating capacity of the market is divided into less than 10 and more than 10 segments, with less than 10 segments dominating due to lightweight seaplanes used for maritime monitoring, firefighting, and ambulance.
The North America region lead the amphibious aircraft market share by benefitting a market size of USD 58.0 million in 2019 due to excessive protection spending and procurement of superior amphibious plane. Key players like Textron, VIKING Air, ICON Aircraft, and Bombardier are predicted to reinforce the location's increase.
Key organizations within the market are specializing in introducing advanced technologies to improve performance. These consist of Aviat Aircraft, Avic, Berev Aircraft Company, Bombardier, Dornier Seawings GmbH, Glasair Aviation, ICON Aircraft, ShinMaywa Industries, Utd, Textron Inc., and VIKING Air Ltd.
Viking Air Ltd. signed a contract with the Indonesian Ministry of Defense to supply upgraded Canadair CL-415EAF aircraft and six new Viking Canadair CL-515.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2017-2028
Base Year
2020
Forecast Period
2021-2028
Historical Period
2017-2019
Unit
Value (USD Million)
Segmentation
Engine; Application; Seating Capacity and Geography
By Engine
Piston
Turboprop
By Application
Civil
Military
By Seating Capacity
Less than 10
More than 10
By Geography
North America (By Engine, Application, Seating Capacity, and Country)
- The U.S. (By Seating Capacity)
- Canada (By Seating Capacity)
- The U.K. (By Seating Capacity)
- Germany (By Seating Capacity)
- France (By Seating Capacity)
- Russia (By Seating Capacity)
- Rest of Europe (By Seating Capacity)
- China (By Seating Capacity)
- India (By Seating Capacity)
- Japan (By Seating Capacity)
- Australia (By Seating Capacity)
- Rest of Asia-Pacific (By Seating Capacity)
- The Middle East & Africa (By Seating Capacity)
- Latin America (By Seating Capacity)
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Industry Developments –Mergers, Acquisitions and Partnerships
- 4.2. Latest technological Advancements
- 4.3. Porters Five Forces Analysis
- 4.4. Supply Chain Analysis
- 5. Quantitative Insights- Impact of COVID-19 Pandemic on Amphibious Aircraft Market
- 5.1. Impact of COVID-19 on Global Amphibious Aircraft Market
- 5.2. Steps Taken by Industry/Companies/Governments to Overcome the Impact
- 5.3. Key Developments in The Industry in Response To COVD-19 Pandemic
- 5.4. Potential Opportunities Due to COVID-19 Outbreak
- 6. Global Amphibious Aircraft Market Analysis, Insights and Forecast, 2017-2028
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Application
- 6.2.1. Civil
- 6.2.2. Military
- 6.3. Market Analysis, Insights and Forecast – By Engine
- 6.3.1. Piston
- 6.3.2. Turboprop
- 6.4. Market Analysis, Insights and Forecast – By Seating Capacity
- 6.4.1. Less than 10
- 6.4.2. More than 10
- 6.5. Market Analysis, Insights and Forecast – By Region
- 6.5.1. North America
- 6.5.2. Europe
- 6.5.3. Asia pacific
- 6.5.4. Rest of the world
- 7. North America Amphibious Aircraft Market Analysis, Insights and Forecast, 2017-2028
- 7.1. Market Analysis, Insights and Forecast – By Application
- 7.1.1. Civil
- 7.1.2. Military
- 7.2. Market Analysis, Insights and Forecast – By Engine
- 7.2.1. Piston
- 7.2.2. Turboprop
- 7.3. Market Analysis, Insights and Forecast – By Seating Capacity
- 7.3.1. Less than 10
- 7.3.2. More than 10
- 7.4. Market Analysis – By Country
- 7.4.1. The U.S.
- 7.4.1.1. By Seating Capacity
- 7.4.2. Canada
- 7.4.2.1. By Seating Capacity
- 8. Europe Amphibious Aircraft Market Analysis, Insights and Forecast, 2017-2028
- 8.1. Market Analysis, Insights and Forecast – By Application
- 8.1.1. Civil
- 8.1.2. Military
- 8.2. Market Analysis, Insights and Forecast – By Engine
- 8.2.1. Piston
- 8.2.2. Turboprop
- 8.3. Market Analysis, Insights and Forecast – By Seating Capacity
- 8.3.1. Less than 10
- 8.3.2. More than 10
- 8.4. Market Analysis – By Country
- 8.4.1. The U.K
- 8.4.1.1. By Seating Capacity
- 8.4.2. Germany
- 8.4.2.1. By Seating Capacity
- 8.4.3. France
- 8.4.3.1. By Seating Capacity
- 8.4.4. Russia
- 8.4.4.1. By Seating Capacity
- 8.4.5. Rest of Europe
- 8.4.5.1. By Seating Capacity
- 9. Asia Pacific Amphibious Aircraft Market Analysis, Insights and Forecast, 2017-2028
- 9.1. Market Analysis, Insights and Forecast – By Application
- 9.1.1. Civil
- 9.1.2. Military
- 9.2. Market Analysis, Insights and Forecast – By Engine
- 9.2.1. Piston
- 9.2.2. Turboprop
- 9.3. Market Analysis, Insights and Forecast – By Seating Capacity
- 9.3.1. Less than 10
- 9.3.2. More than 10
- 9.4. Market Analysis – By Country
- 9.4.1. China
- 9.4.1.1. By Seating Capacity
- 9.4.2. India
- 9.4.2.1. By Seating Capacity
- 9.4.3. Japan
- 9.4.3.1. By Seating Capacity
- 9.4.4. Australia
- 9.4.4.1. By Seating Capacity
- 9.4.5. Rest of Asia-Pacific
- 9.4.5.1. By Seating Capacity
- 10. Rest of the World Amphibious Aircraft Market Analysis, Insights and Forecast, 2017-2028
- 10.1. Market Analysis, Insights and Forecast – By Application
- 10.1.1. Civil
- 10.1.2. Military
- 10.2. Market Analysis, Insights and Forecast – By Engine
- 10.2.1. Piston
- 10.2.2. Turboprop
- 10.3. Market Analysis, Insights and Forecast – By Seating Capacity
- 10.3.1. Less than 10
- 10.3.2. More than 10
- 10.4. Market Analysis – By Sub-Region
- 10.4.1. The Middle East & Africa
- 10.4.1.1. By Seating Capacity
- 10.4.2. Latin America
- 10.4.2.1. By Seating Capacity
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis (2020)
- 11.2. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
- 11.2.1. Aviat Aircraft, Inc.
- 11.2.1.1. Overview,
- 11.2.1.2. Products & services,
- 11.2.1.3. SWOT analysis,
- 11.2.1.4. Recent developments,
- 11.2.1.5. strategies,
- 11.2.1.6. financials (based on availability)
- 11.2.2. AVIC
- 11.2.2.1. Overview,
- 11.2.2.2. Products & services,
- 11.2.2.3. SWOT analysis,
- 11.2.2.4. Recent developments,
- 11.2.2.5. strategies,
- 11.2.2.6. financials (based on availability)
- 11.2.3. Beriev Aircraft Company
- 11.2.3.1. Overview,
- 11.2.3.2. Products & services,
- 11.2.3.3. SWOT analysis,
- 11.2.3.4. Recent developments,
- 11.2.3.5. strategies,
- 11.2.3.6. financials (based on availability)
- 11.2.4. Bombardier
- 11.2.4.1. Overview,
- 11.2.4.2. Products & services,
- 11.2.4.3. SWOT analysis,
- 11.2.4.4. Recent developments,
- 11.2.4.5. strategies,
- 11.2.4.6. financials (based on availability)
- 11.2.5. Dornier Seawings GmbH
- 11.2.5.1. Overview,
- 11.2.5.2. Products & services,
- 11.2.5.3. SWOT analysis,
- 11.2.5.4. Recent developments,
- 11.2.5.5. strategies,
- 11.2.5.6. financials (based on availability)
- 11.2.6. Glasair Aviation
- 11.2.6.1. Overview,
- 11.2.6.2. Products & services,
- 11.2.6.3. SWOT analysis,
- 11.2.6.4. Recent developments,
- 11.2.6.5. strategies,
- 11.2.6.6. financials (based on availability)
- 11.2.7. ICON Aircraft, Inc.
- 11.2.7.1. Overview,
- 11.2.7.2. Products & services,
- 11.2.7.3. SWOT analysis,
- 11.2.7.4. Recent developments,
- 11.2.7.5. strategies,
- 11.2.7.6. financials (based on availability)
- 11.2.8. ShinMaywa Industries, Ltd.
- 11.2.8.1. Overview,
- 11.2.8.2. Products & services,
- 11.2.8.3. SWOT analysis,
- 11.2.8.4. Recent developments,
- 11.2.8.5. strategies,
- 11.2.8.6. financials (based on availability)
- 11.2.9. Textron Inc.
- 11.2.9.1. Overview,
- 11.2.9.2. Products & services,
- 11.2.9.3. SWOT analysis,
- 11.2.9.4. Recent developments,
- 11.2.9.5. strategies,
- 11.2.9.6. financials (based on availability)
- 11.2.10. VIKING Air Ltd.
- 11.2.10.1. Overview,
- 11.2.10.2. Products & services,
- 11.2.10.3. SWOT analysis,
- 11.2.10.4. Recent developments,
- 11.2.10.5. strategies,
- 11.2.10.6. financials (based on availability)
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