Global Amphibious Aircraft Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Amphibious Aircraft Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Amphibious aircraft are versatile machines that can take off and land on both water and land.Typically, they are fitted with floats that have retractable wheels so that they can take off from water and land on a runway-or vice versa.

Market Overview:

The latest research study on the global Amphibious Aircraft market finds that the global Amphibious Aircraft market reached a value of USD 425.11 million in 2022. It’s expected that the market will achieve USD 541.01 million by 2028, exhibiting a CAGR of 4.1% during the forecast period.

National defense support continues to grow

Globally, the navy's demand for amphibious aircraft is increasing. The navy is ordering amphibious aircraft to perform various operations, such as search and rescue, surveillance and reconnaissance missions. A new model of China's AG600 amphibious aircraft conducted its maiden flight on May 31, 2022. The US military is also pursuing aircraft with amphibious capability, reflecting its increased Pacific focus. Around the world, navies of the United States, Japan and other countries are ordering amphibious aircraft to carry out various strategic tasks. In recent years. India has been in contact with Japan and plans to purchase its US2 amphibious aircraft. The increasing military expenditure of various countries is conducive to boosting the demand for amphibious aircraft in the military field.

Unbalanced market development

In the global amphibious aircraft market, most of them are light amphibious aircraft, and the Multipurpose Amphibious Aircraft only occupies a small proportion. The market space of amphibious aircraft, unlike the demand and supply of land-based aircraft in the global market, is almost balanced, and the amphibious aircraft market needs to be developed. In the past few decades, apart from Russia, only Canada and Japan have specialized in producing a few large amphibious aircraft.

Region Overview:

In 2021, the share of the Amphibious Aircraft market in North America stood at 53.75%.

Company Overview:

Viking Air Ltd., Kodiak aircraft, Textron Aviation were the top 3 players in the Amphibious Aircraft market in 2022, taking up a market share of 94.91% together.

Viking Air Ltd. is the global leader in utility aircraft services and manufacturer of Series 400 and Guardian 400 Twin Otter aircraft.

The Kodiak line of aircraft was founded in the Pacific Northwest with a mission - to design and produce the next generation of short takeoff and landing aircraft capable of bringing services and heavy supplies to the most remote regions on the planet. The Kodiak 100 was first introduced in 2007 by Quest Aircraft Company, which was subsequently acquired by the Daher Group, which is among the top 10 business aircraft manufacturers in the world. The Kodiak fills a niche somewhere between helicopter and business jet - able to haul cargo or passengers in refined luxury, takeoff under 1000 ft. and fly 1000 miles with amazing economy. It is the only sport utility vehicle with wings.

Segmentation Overview:

Among different product types, Light Sport Amphibious Aircraft segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Civilian segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Amphibious Aircraft market covered in Chapter 3:

Textron Aviation
ICON Aircraft, Inc.
United Aircraft Corporation
ShinMaywa Industries, Ltd.
Aero Adventure LLC
Viking Air Ltd.
LISA Airplanes
Kodiak aircraft
Progressive Aerodyne

In Chapter 4 and Chapter 14.2, on the basis of types, the Amphibious Aircraft market from 2018 to 2029 is primarily split into:

Light Sport Amphibious Aircraft
Multipurpose Amphibious Aircraft

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Amphibious Aircraft market from 2018 to 2029 covers:

Civilian
Military

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)