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. 

According to a recent report by Fortune Business Insights titled "Amphibious Aircraft Market, 2021-2028," the market reached a value of USD 159.2 million in 2020. The report highlights that the market is expected to experience a positive growth trajectory due to various factors. One such factor is the rising demand for amphibious aircraft for commercial purposes. Additionally, there is a growing need for lightweight seaplanes, further driving the market's demand in the forecast period. An example of this trend is the launch of India's first-ever seaplane service in October 2020, which operates between Ahmedabad and Kevadia.

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 a comprehensive analysis, highlighting key aspects such as seaplane product types, major players, applications, engine types, and seating capacity. Through the adoption of various research methodologies, the report provides insights into market trends, the competitive landscape, pricing of products, market status, and significant industry developments. The analysis takes into account both direct and indirect factors that have contributed to the market's growth in recent years, providing a thorough understanding of the market dynamics.

DRIVING FACTORS

Increasing Demand for Seaplanes for Commercial Purposes to Augment Growth

In December 2020, Sydney Seaplanes announced a partnership with electric aviation company magniX and Dante Aeronautical to convert a Cessna Caravan into the world's first all-electric aircraft. This collaboration reflects the increasing demand for amphibious aircraft in various commercial applications such as transportation, sea tourism, and search and rescue operations. Companies in the industry are driven to innovate their products to meet these demands. Additionally, the utilization of seaplanes in government operations has further contributed to the growth of the global amphibious aircraft market. Notably, Russia possesses Be-200 amphibious seaplanes, which are proficient in handling firefighting missions. These factors are anticipated to propel the growth of the amphibious aircraft market in the coming years.

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.