Amphibious Vehicle Market is segmented By Mode of Propulsion (Track-Based, Water-Jet, Screw Propeller), By Application (Surveillance & Rescue, Water S....
Market Size in USD
CAGR8.4%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 8.4% |
Market Concentration | High |
Major Players | BAE Systems, Hitachi Construction Machinery Co. Ltd, General Dynamics Corporation, Lockheed Martin Corporation, Rheinmetall AG |
The amphibious vehicle market is estimated to be valued at USD 5.41 Bn in 2024 and is expected to reach USD 9.53 Bn by 2031, growing at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031. The amphibious vehicle market trend shows increasing R&D investments by key players to develop enhanced capabilities.