The amphibious landing craft, air cushion market was predicted to have collected income worth around USD 10, 750 million in 2014. It is anticipated to attain around USD 10, 879 million by 2019. The market is projected to record about 0.2 percent CAGR during the forecast phase, 2014 to 2019. The amphibious landing craft, air cushion market is fragmented into four categories.
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These include applications, products, geographies and countries. The applications market encompasses commercial and defense. The products market includes landing crafts, mechanized; landing crafts, utilities and landing crafts, air cushion. The geographies market consists of Europe, North America, Middle East, Latin America, Asia Pacific and rest of the world. The countries amphibious landing craft, air cushion market includes fifteen countries. With altering demands, this market has undergone the manufacture of innovative landing crafts that travel on various territories. These crafts also aid in transporting troops and equipments to battlefields devoid of any fatalities. North America is the biggest amphibious landing craft, air cushion market across the world. Asia Pacific and the Middle East are estimated to notice maximum expansion in the coming years. Amphibious landing craft, air cushion are used in business and military applications. The worldwide amphibious landing craft, air cushion market is likely to observe considerable expansion in the sector of landing crafts, mechanized. This is with respect to applications in military during the forecast phase. The aforementioned expansion would be driven by growing demand for quicker and smaller landing crafts in the Middle East, Asia Pacific and Latin America.
Information Source: Radiant Insights