Albany, NY -- (SBWIRE) -- 11/19/2015 -- Market forecast for the global amphibious landing crafts until 2019. Segmentation by types (LCAC, LCM, and LCU). Market shares for APAC, Americas, and EMEA are provided in this research study. The leading vendors analyzed by this report include Griffin Hoverwork, L-3 Unidyne, Textron, Marine Alutech, and Almaz.

The market is witnessing an increase in the global seaborne trade totaling over 9 million tons in 2014. This continuous growth in seaborne trade stresses the need for governments across the world to raise their maritime security budgets. Technavios market research analysts predict the global amphibious landing craft market to reach more than USD 10 billion in revenues by 2020.

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Amphibious ships are capable of carrying large troops and a myriad of combat vehicles, aircraft, landing craft, and engineering equipment's. These ships are equipped with medical facilities and are also used for transporting military troops to affected places to provide relief and assistance to people in need. These numerous capabilities in vessels have led to increased investments in this market.

Upcoming trends and drivers for the global amphibious landing craft market:

Increased use of air cushion technology is a key trend in the global amphibious landing craft market. Air cushion technology is being employed in landing crafts because of its numerous benefits in civil and military applications.

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Global amphibious landing craft market by type:

LCAC (landing craft air cushion)
LCM (landing craft mechanized)
LCU (Landing craft utility)

The LCM segment is likely to attract more investment in spite of decreasing military budgets and downsizing of the troops in major countries such as the US and the UK. As part of its USD 34 billion investment in amphibious craft through 2032 the US will continue to drive this market.

Geographical segmentation of the global amphibious landing craft market:

APAC
Americas
EMEA

European countries accounted for 12% of the global arms sale during 2010-2014. The majority of the international trade in Europe is seaborne, thus necessitating heightened security at the sea. The Middle East and Africa regions in particular have been effected by piracy the Gulf of Aden, the Suez Canal, the Red Sea, and the Arabian Sea. This region is therefore, expected to increase investments to counter crimes.

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