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 refers to the industry that involves the design, development, production, and sale of aircraft that can take off and land both on water and on land. Amphibious aircraft are used for various purposes, including search and rescue operations, firefighting, marine patrol, and transportation of people and goods to remote areas.

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:

• Type: This includes amphibious seaplanes, amphibious flying boats, and amphibious helicopters.
• End Use: This includes military, civil, and commercial applications such as firefighting, search and rescue operations, marine patrol, tourism, and transportation to remote locations.
• Size: This includes small, medium, and large amphibious aircraft based on their seating capacity and range.
• Region: This includes the Americas, Europe, Asia Pacific, and the Middle East and Africa.
• Propulsion Type: This includes conventional aircraft powered by internal combustion engines and electric or hybrid-electric aircraft.
• Sales Channel: This includes direct sales and sales through distributors and dealers.
• Application: This includes the use of amphibious aircraft for firefighting, search and rescue operations, marine patrol, tourism, transportation, and others.

What does the Report Include?

The global market for amphibious aircraft reports provides in-depth analysis and focuses on the key aspects such as seaplanes product type, key players, applications, engine type, and seating capacity. Furthermore, the report offers insights on market trends, competitive landscape, competition, product pricing, market status, and highlights key industry developments by adopting several research methodologies. It also includes several direct and indirect factors that have contributed to the growth of the market over 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.