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Technavio’s market research analyst predicts that the global amphibious assault vehicle (AAV) market will grow at a CAGR of more than 9% by 2020. There is an increase in the demand for large amphibious vehicles because of their wide applications in civil and military forces. These ships provide several benefits in military operations, such as in the transportation of armored vehicles and armed troops, as well as in carrying out humanitarian missions and relief work. AAVs are the oldest military vehicle platform, specifically in the areas of land mobility, lethality, reliability, and command, control, communications, computer, intelligence. The numerous capabilities of these naval vessels have propelled massive investments, which will, in turn, boost the growth prospects of this market during the forecast period.
3D printing is an evolving technology that helps users to create innovate designs and gives better results during mold manufacturing, computerized numerical control (CNC) cutting, or canvas printing. This technology can print electronics directly onto 3D surfaces; for instance, on naval vehicles, aircraft airframes, rocket engines, missile fins, and their guidance systems. The use of 3D printing would also improve the safety of the amphibious vehicles. Several attributes of 3D-printed AAVs are cost efficiency, improved competency, just-in-time (JIT) manufacturing, optimized performance, and weight reduction. It also permits quick design and rapid changes of internal features in the AAV, unlike traditional manufacturing methods.
The market is highly competitive as the vendors compete on the basis of cost, product quality, reliability, and aftermarket service. The established vendors have an edge over their competitors in terms of in-house manufacturing capabilities, product offerings, global footprint network, R&D investments, newer technologies, and strong client base. With the increasing level of competition in the market, the vendors are focusing on providing cost-effective and high-quality AAVs with latest technology and materials. BAE Systems and Lockheed Martin are the two leading vendors in the market who primarily focus on the development of lightweight materials, electric technologies, and robust systems.
Leading vendors in the market are -
Other prominent vendors in the AAV market include Iveco, Mitsubishi Heavy Industries (MHI), Oshkosh Defense, Rheinmetall MAN Military Vehicles GmbH, and Science Applications International Corporation (SAIC).
The Americas dominated the AAV market in 2015 and accounted for more than 88% of the overall market revenue. Increasing military expenditure in the region will result in increasing investments in the defense budget, which, in turn, is expected to drive the market during the forecast period. Moreover, the growing focus on the development of amphibious combat vehicles (ACV) that are more cost-efficient than AAVs and have similar capabilities will boost the growth of the market in this region.
Upcoming trends such as the development of ACV is gaining popularity in the market owing to the vulnerability of AAVs in terms of lethality, network capability, and water and land mobility. The ACV is a pre-major defense acquisition program, which is expected to provide the primary means of armor-protected ground mobility for the marine infantry units. The ACV will enhance the GCE tactical and operational mobility with a balanced level of payload, performance, and protection. This enables ACV-borne formations to be more effective across a various range of operations and provides the armed troops with the modern armored personnel carrier (APC), which is well suited to operations in the littoral zones.
This report provides a number of factors contributing to the adoption, limitations, and opportunities of the AAV market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Supply chain of the AAV market
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Competitor landscape
PART 15: Appendix
PART 16: Explore Technavio
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