PUNE, India, October 6, 2016 /PRNewswire/ --
2016 global amphibious assault vehicle market research says dissolution of EFV program will be a challenge for the market. In 2011, the US DOD and the US Marine Corps cancelled the EFV program, after an expenditure of approximately $3 billion on R&D. The EFV was intended to replace the 40-year-old AAV, which transports the Marines forces from ships to shore under hostile conditions. The EFV program was cancelled due to excessive cost growth and poor performance during operational testing.
Complete report on amphibious assault vehicle market spread across 69 pages, analyzing 5 major companies and providing 45 data exhibits now available at http://www.reportsnreports.com/reports/699294-global-amphibious-assault-vehicle-market-2016-2020.html.
The analysts forecast global amphibious assault vehicle market to grow at a CAGR of 9.3% during the period 2016-2020. According to the amphibious assault vehicle market report, rapid deployment of armed forces will be a key driver for market growth. Since its inception, the United States Marine Corps, with its amphibious capabilities, has played an integral part in the national strategy of the US. Of late, the focus is toward the rapid deployment of forces to engage in asymmetrical conflicts, where the combatant forces can attain the operational efficiency by employing a good synergy between their components, as well as ensuring high mobility of the support equipment.
Upcoming trends such as the development of ACV are gaining popularity in the amphibious assault vehicle 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.
The Americas dominated the amphibious assault vehicle 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 amphibious assault vehicle market in this region.
The following companies are the key players in the global amphibious assault vehicle market: BAE Systems, General Dynamics, Lockheed Martin, Northrop Grumman, Thales, Iveco, Mitsubishi Heavy Industries, Oshkosh Defense, Rheinmetall MAN Military Vehicles GmbH, and Science Applications. Order a copy of Global Amphibious Assault Vehicle Market 2016-2020 report @ http://www.reportsnreports.com/purchase.aspx?name=699294.
Global Amphibious Assault Vehicle Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. To calculate the market size, the report presents the market landscape and a corresponding detailed analysis of the five major vendors operating in the market.
Another related report is Global Amphibious Landing Craft Market 2016-2020, there is an increase in the demand for landing craft because of their wide application in civil and military forces. Among end-users, military forces account for 80% of the market, with civil users accounting for the remaining share. Landing craft provide a number of benefits in military operations, such as in the transportation of armored vehicles and troops, as well as the carrying out of humanitarian missions and relief work. Browse complete report at http://www.reportsnreports.com/reports/435831-global-amphibious-landing-craft-market-2016-2020.html.
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