The global amphibious aircraft market size is expected to experience exponential growth by reaching USD 358.1 million by 2028 while exhibiting an impressive CAGR of 11.71% between 2021 and 2028. Fortune Business Insights in its latest report, titled, “Amphibious Aircraft Market, 2021-2028.”, mentions that the market stood at USD 159.2 million in 2020.

The amphibious aircraft market is a niche segment of the aviation industry that caters to customers who require aircraft that can operate both on land and water. These aircraft are designed to take off and land on both land-based runways and water-based bodies such as lakes, rivers, and oceans.

List of the Companies Operating in the Global Market for Amphibious Aircraft:

• Aviat Aircraft, Inc. (The U.S.)
• AVIC (China)
• Beriev Aircraft Company (Russia)
• Bombardier (Canada)
• Dornier Seawings GmbH (Germany)
• Glasair Aviation (The U.S.)
• ICON Aircraft, Inc. (The U.S.)
• ShinMaywa Industries, Ltd. (Japan)
• Textron Inc. (The U.S.)
• VIKING Air Ltd. (Canada)

Information Source -

https://www.fortunebusinessinsights.com/amphibious-aircraft-market-105019 

Market Segmentation:

We have segmented the market based on engine, application, seating capacity, and region.

On the basis of engine, the market is divided into piston and turboprop. Based on application, the market is categorized into civil and military. Furthermore, on the basis of seating capacity, the market is segregated into less than 10 and more than 10.Based on seating capacity, the less than 10 segment is expected to hold the largest global amphibious aircraft market share during the forecast period. This is attributable to the increasing demand for lightweight seaplanes for commercial purposes such as firefighting, maritime monitoring, and ambulance. Lastly, on the basis of region, the market is bifurcated into North America, Europe, Asia-Pacific, and Rest of the World.

What does the Report Include?

The report on the global market for amphibious aircraft offers comprehensive analysis, with a focus on key aspects such as product type, applications, engine type, seating capacity, and key players. The report provides valuable insights into market trends, competitive landscape, pricing, market status, and key industry developments by utilizing various research methodologies. It also takes into account both direct and indirect factors that have contributed to the market's growth in recent years.

DRIVING FACTORS

Increasing Demand for Seaplanes for Commercial Purposes to Augment Growth

In December 2020, Sydney Seaplanes announced its collaboration with electric aviation company, magniX and Dante Aeronautical, to convert a Cessna Caravan into the first-ever all-electric aircraft. The growing demand for amphibious aircraft for commercial applications such as transportation, sea tourism, search and rescue operation, and others has propelled the companies to innovate their products. Moreover, the growing application of seaplanes in several government operations is expected to boost the global amphibious aircraft market growth in the forthcoming years. For instance, Russia has in its repository Be-200 amphibious seaplanes capable of handling several firefighting missions.  

REGIONAL INSIGHTS

North America – The region is expected to hold the highest position in the global amphibious aircraft market during the forecast period. This is attributable to the high defense spending by countries such as the U.S. that will boost the adoption of advanced amphibious aircraft for several military applications in the region. North America stood at USD 58.0 million in 2020.

Europe – The market in the region is expected to showcase exponential growth backed by the presence of established players such as Dornier Seawings GmbH, Beriev Aircraft, and others that are proactively focusing on introducing new seaplanes in the region between 2021 and 2028.

COMPETITIVE LANDSCAPE

Major Companies Focus on Investment in R&D Activities to Strengthen Their Market Positions

The global market for amphibious aircraft is consolidated by prominent companies focusing on investing in the development of advanced seaplanes to cater to the growing industrial demand. Additionally, adoption of organic and inorganic strategies by other key players to gain a major chunk of the market share is projected to bode well for the market growth during the forecast period.  

Industry Development

• December 2020 - ICON Aircraft, Inc. announced the development of a new avionics solution for its A5 light sport aircraft (LSA) amphibious aircraft. The company reports that the airplane includes a seven-inch Garmin G3X touchscreen display, along with two-axis autopilot feature.