Air Cushion Vehicle Market Estimated to Witness High Growth Owing to Growing Military Applications Air

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Air Cushion Vehicle Market Estimated to Witness
High Growth Owing to Growing Military Applications

Air cushion vehicles or hovercrafts
are amphibious vehicles that can travel on both land and water. They are
equipped with large fan(s) that provide a cushion of air below the vehicle for
buoyancy when moving over water or other surfaces. Hovercrafts are primarily
used for passenger and cargo transportation across bodies of water. Their
ability to cross terrain and surface types rapidly without requiring
infrastructure like roads or runways makes them versatile for both commercial
and military applications.

The global air cushion vehicle market is
estimated to be valued at US$ 127.22 Mn in 2024 and is expected to exhibit a
CAGR of 4.6% over the forecast period 2024 to 2031.

Key players operating in the air
cushion vehicle market include Aerohod, ALMAZ, Griffon Hoverwork, Christy
Hovercraft, China Hovercraft Ltd, Neoteric Hovercraft, The British Hovercraft
Company, Jedy Hovercraft, Hovertechnics, Viper Hovercraft, Mariah Hovercraft,
Vanair Hovercraft, Mercier-Jones, and Hoverstream.

Key Takeaways

Key players operating in the air cushion vehicle market:

Key players in the market include well-established companies that have been
designing and manufacturing hovercrafts for decades. Some of the prominent
players are Griffon Hoverwork, known for its passenger and military
hovercrafts, and Aerohod, a leader in Russian military hovercraft development.

Key opportunities in the market:

Growing applications of hovercrafts for passenger transport, military
operations, Air
Cushion Vehicle Market Demand Development of advanced materials and
propulsion technologies to improve payload capacity and range is also
anticipated to offer new opportunities.

Global expansion of the market:

North America and Europe currently dominate the market. However, growing
defense budgets and coastal surveillance needs in Asia Pacific are likely to
boost the adoption of hovercrafts in the region. Countries like India, China,
and Japan are procuring military hovercrafts in increasing numbers.