Air-cushion vehicles are designed to travel above, but close to, the ground or water surface. Air-cushion vehicles, are also known as a hovercraft or ground-effect machines. These vehicles are primarily driven by the air pressure developed around the vehicle, which propels it on the surface. Some air-cushion vehicles have wings that lift the vehicle after achieving a particular speed.
The global market for air-cushion vehicle is expanding at a moderate pace owing to a rise in defense expenditure by governments of countries across the globe. Moreover, the air-cushioned vehicle is highly versatile due to its functionality, performance, and adaptability in various situations. For instance, it can be used on water, land, and various other surfaces. Furthermore, it can be utilized during droughts, floods, natural disasters, and wars. Air-cushioned vehicles are designed and manufactured to access those places that are highly difficult to explore with the help of conventional vehicles. Consequently, demand of air-cushioned vehicles is expected to increase during the forecast period. The manufacture of air-cushioned vehicles is witnessing rapid technological advancements. Manufacturers are developing less noisy, lightweight air-cushioned vehicles that travel at high speeds and possess better maneuverability. This is expected to boost the air-cushion vehicle market during the forecast period. Major drawbacks of the air-cushioned vehicles are their noisy operation, requirement of significantly large power for operation, and lack of control in the lateral direction. High operating cost and low efficiency are likely to restrain the air-cushion vehicle market.
The global air-cushion vehicle market can be segmented based on type, fuel, application, and region. Based on type, the market can be bifurcated into various segments among which skirted and sidewall air-cushioned vehicle segments are expected to hold notable share of the market, owing to their high stability and protection from various hurdles that are encountered in the path while maneuvering these vehicles.
Based on fuel type, the air-cushion vehicle market can be divided into several segments, among which the diesel powered segment is likely to account for a prominent share of the market during the forecast period. This is due to the capability of diesel powered air cushion vehicles to produce higher torque and energy, as compared to those powered by other fuels.
In terms of application, the air-cushion vehicle market can be segregated into defense and commercial. The defense segment is expected to hold a major share of the air cushioned vehicle market owing to the suitability of air-cushion vehicles to navigate across various terrain and at high speeds. Moreover, coast guards extensively employ air-cushioned vehicles.
Based on region, the global air-cushion vehicle market can be split into Asia Pacific, Middle East & Africa, Europe, Latin America, and North America. The market in Europe is expected to expand at a moderate pace, as several multinational manufacturing conglomerates are designing efficient, rapid, and less noisy air-cushioned vehicles, which in turn is expected to fuel the demand for air-cushioned vehicles during the forecast period. Moreover, countries such as India, the U.S., and China invest large amount of their GDPs in their defense services, which in turn is anticipated to boost the air-cushion vehicle market in these countries. In Middle East & Africa, several countries such as the UAE, Saudi Arabia and others in the Middle East, are focused on the design and development of more efficient, rapid, and advanced air-cushioned vehicles for military applications. Some countries share their coastal boundaries with several countries, which can be a reason to adopt air-cushioned vehicles along their coastlines in order to maintain security.
Key players operating in the air-cushion vehicle market include Aerohod, Griffon Hoverwork, ALMAZ Shipbuilding Company, Textron Systems, Neoteic Hovercraft, The British Hovercraft Company, Vanair Hovercraft, ALMAZ, Hovertechnicsa, Garden Reach Shipbuilders & Engineers, Hovertrans Solutions, AirLift Hovercraft, Universal Hovercraft, and Feodosia Shipbuilding Company.
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