Industry Background:
A hovercraft, or Air–cushion vehicle (ACV) is a craft designed to travel over multiple types of surfaces including mud, thin or broken ice, sand, water, grass. The mechanism that provides motion to the craft over a smooth surface involves a cushion of slow-moving, high-pressure air contained within a "skirt." Light Hovercrafts are usually those less than 1000kg unladen weight. Because of their ability to travel equally over land, water, and ice, in spite of being light-weighted, hovercraft market is estimated to witness a steady growth wherever there is a need to travel over multiple types of surfaces.This growth is primarily driven by Allows Access in Relatively Harsh Conditions and Environmentally Sensitive Areas that Helicopters or Boats Cannot Reach and Can Be Parked Anywhere (Land or Water).
Globally, a noticeable market trend is evident Diesel Engines are Replacing Gas-Turbine Engines Due To Relatively Less Environmental Hazards They Cause
. Major Manufacturers, such as Neoteric Hovercraft, Inc. (United States), Universal Hovercraft of America, Inc (United States), Meyer Neptun Group (Germany), Aerohod Ltd. (Russia), Airlift Hovercraft Pty Ltd (Australia), Bland Group (Gibraltar), Garden Reach Shipbuilders & Engineers (GRSE) (India), Hovertechnics (United States), ABS Hovercraft (United Kingdom) and The British Hovercraft Company (United Kingdom) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Neoteric, one of the Key manufacturers of light hovercraft, in its most recent developments has introduced an industry standard for Rescue and Military light hovercraft, THE GATOR, that embody highly developed reverse thrust for braking and maneuverability, more cockpit room, increased thrust and low weight. Apart from that, efforts have been made to provide an aesthetically appealing military-looking profile and camouflage design.
Regulatory Insights:
The Hovercraft Code laid down by the ‘Maritime And Coastguard Agency’ provides standards for Light Hovercraft, a sub-set of Small Hovercraft further limited to less than 1000kg unladen weight, less than 12 metres in length, not more than eight persons on board, and restricted to Area Category 3 or as further restricted on the Certificate. The total maximum power of petrol engines installed in a hovercraft is to be less than 175hp (130kW). Only fuel-injected petrol engines should be fitted when the machinery compartment is fully enclosed. Where Ultra-Light and Light Hovercraft are fitted with exposed engines a minimum of two multi-purpose portable fire-extinguishers should be provided.
Market Drivers
- Allows Access in Relatively Harsh Conditions and Environmentally Sensitive Areas that Helicopters or Boats Cannot Reach
- Can Be Parked Anywhere (Land or Water)
Market Trend
- Diesel Engines are Replacing Gas-Turbine Engines Due To Relatively Less Environmental Hazards They Cause
- Large-Diameter Slow-Speed Propellers Used To Reduce Noise Pollution
Restraints
- Restricted Usage in Residential Areas to Reduce Noise Levels
Opportunities
Ownership Costs Reduced Since The Craft Has Better Mileage than a Boat and Recent Camouflage Designs Can Be Used For Military operations Effectively
Challenges
Success of Hovercraft Market Highly Depends on Fuel Prices
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Light Hovercraft Study Sheds Light on
The Light Hovercraft Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Light Hovercraft industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Light Hovercraft industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.