Global Amphibious Assault Vehicle Market 2016-2020
AAVs are employed to conduct mechanized operations and for providing combat support in subsequent operations ashore. Such vehicles enable offshore shipping through rough seas and are alsocapable of traversing beaches, crossing rough terrain, and performing high-speed operations on roads. AAVs are equipped with armor to provide the ground combat element (GCE) as well as land and water operation capabilities. These vehicles are capable of restricting the enemies across land or water.
Technavio’s analysts forecast the global amphibious assault vehicle (AAV) market to grow at a CAGR of 9.3% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global amphibious assault vehicle (AAV) market for 2016-2020. To calculate the market size, the report presents the market landscape and a corresponding detailed analysis of the five major vendors operating in the market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Amphibious Assault Vehicle (AAV) Market 2016-2020
Technavio recognizes the following companies as the key players in the global amphibious assault vehicle (AAV) market: BAE Systems, General Dynamics, Lockheed Martin, Northrop Grumman, Thales, Iveco, Mitsubishi Heavy Industries, Oshkosh Defense, Rheinmetall MAN Military Vehicles GmbH, and Science Applications.
Commenting on the report, an analyst from Technavio’s team said: “One of the key trends for market growth will be advent of 3D printing. 3D printing is an evolving technology that assists the users to create and design things in an innovative way and gives better results the conventional methods like mold manufacturing, computerized numerical control (CNC) cutting or canvas printing. In addition, 3D printing can print electronics directly onto 3D surfaces, such as on naval vehicles, aircraft airframes, rocket engines, missile fins, and their guidance systems. It also reduces the size and weight of the AAVs.”
According to the report, rapid deployment of armed forces will be a key driver for market growth. Since its inception, the United States Marine Corps, with its amphibious capabilities, has played an integral part in the national strategy of the US. Of late, the focus is toward the rapid deployment of forces to engage in asymmetrical conflicts, where the combatant forces can attain the operational efficiency by employing a good synergy between their components, as well as ensuring high mobility of the support equipment.
Further, the report states that dissolution of EFV program will be a challenge for the market. In 2011, the US DOD and the US Marine Corps canceled the EFV program, after an expenditure of approximately $3 billion on R&D. The EFV was intended to replace the 40-year-old AAV, which transports the Marines forces from ships to shore under hostile conditions. The EFV program was canceled due to excessive cost growth and poor performance during operational testing.
BAE Systems, General Dynamics, Lockheed Martin, Northrop Grumman, Thales, Iveco, Mitsubishi Heavy Industries, Oshkosh Defense, Rheinmetall MAN Military Vehicles GmbH, and Science Applications.