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Rescue hovercrafts are very useful for flood, mud, and ice rescues where it is impossible to use a boat. Heavy load-carrying capacity of the large hovercraft enables the armed forces to transport troops, military supplies, and equipment to carry out humanitarian assistance, rescue, and disaster relief missions. Such growing applications of hovercraft propel growth of the market. Advantage of hovercraft for traveling over shallow waters and terrains, irrespective of water current direction, and costs saved in building separate harbors for these vehicles are major factors expected to propel the demand for hovercraft during the forecast period.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast units | Value (USD) |
Segments covered | Type, Application, and Region |
Regions covered | North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa) |
Companies covered | Griffon Hoverwork, Christy Hovercraft, Neoteric Hovercraft, The British Hovercraft Company, China Hovercraft Ltd, Viper Hovercraft, Jedy Hovercraft, Hovertechnics, Textron Inc., and Garden Reach Shipbuilders & Engineers Ltd |
COVID-19 scenario analysis:
Rise in the development of technologically advanced & lightweight hovercraft and the usage of hovercraft on both land and water are expected to spur the demand over the forecast period. However, the lack of standardized and uniform technologies is anticipated to hamper the growth of the market. Furthermore, designing and developing connected vehicles compatible with its, public-private partnership ecosystem and open data movement are expected to offer lucrative opportunities for the market in the forecast period.
The rescue hovercrafts market trends are as follows:
Rescue hovercraft manufacturers are focus on designing technologically advanced and lightweight hovercrafts that have high speeds and better maneuverability characteristics. In addition, a greater number of governments in developed economies are attracted to buy hovercrafts with lightweight and upgraded technologies for disaster relief, coastguard, military, and survey applications. Hence, this would further increase demand for hovercrafts for rescue purposes and promote the growth of the rescue hovercraft market during the forecast period.
Hovercraft is unique to understand the principles of high air pressure below hulls and wings as they can lift themselves while still, differing from ground effect vehicles and hydrofoils, which require forward motion to create a lift. Hence, hovercrafts are operatable on both land and water, which makes it unique. In addition, rescue hovercrafts are designed in a way that they can reach those areas where conventional vehicles cannot be used. In addition, they are most commonly used for exploring narrow waterways where conventional motorboats cannot reach such as military services, survey work, and oil spill cleanup. Hence, owing to this the demand for hovercrafts is anticipated to increase over the coming years.
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Questions answered in the rescue hovercrafts market research report:
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