Regional Analysis

Global Amphibious Vehicle Market Regional Insights

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North America has been the dominant region with 48.4%in 2024 in the global amphibious vehicle market for many years. The U.S. accounts for the largest share primarily due to high demand from the defense sector. Major American defense contractors such as BAE Systems, Lockheed Martin, and Textron have established prominent manufacturing bases in the region to cater to the growing needs of the U.S. military. In addition, the presence of advanced military infrastructure and higher defense expenditures compared to other nations have created sustained opportunities over the years. The regional market is also fueled by the ongoing military modernization programs, especially the ones focusing on amphibious combat vehicles and expeditionary fighting vehicles.

The Asia Pacific region has emerged as the fastest growing market for amphibious vehicles in recent times. Countries like China and India are aggressively pursuing indigenous development as well as imports to modernize their armed forces. This has provided the much needed momentum. China, being a global defense powerhouse, has actively pursued amphibious warfare capabilities to strengthen naval expeditionary operations. Several state-owned shipbuilding majors have introduced new amphibious assault vehicles as part of the country's amphibious integration plans. Other Southeast Asian nations are also acquiring such systems to boost coastal surveillance and maritime security capabilities. Coupled with ongoing defense reforms and rising maritime conflicts in the wider Indo-Pacific region, the demand environment remains highly conducive for sustaining the growth momentum over the long term. The regional market is also gaining from supportive policy frameworks and incentivizing indigenous manufacturing under the 'Make in India' and 'China Marine' programs.