GLOBAL HOVERCRAFT MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In February 2022, the U.S. Navy tested a next-generation hovercraft capable of carrying an Abrams tank. The next-generation landing craft of the U.S. Navy completed well deck interoperability testing, demonstrating its preparedness for fleet integration. 
• In August 2022, Hammacher Schlemmer, an U.S.-based company, launched a new hovercraft named ‘The Flying Hovercraft’.
• In September 2022, Hoverlink Ontario Inc. announced a hovercraft service from Niagara region to Toronto. The service is expected to make up to 48 lake crossings per day with the aid of two vessels, such as BHT-130 and BHT-150 model hovercrafts. In addition, hovercraft models will be able to carry up to 180 passengers on each journey.
• On June 11, 2022, a Swedish navy military hovercraft traveled across the Stockholm archipelago during the Baltic Operations NATO military drills (Baltops 22). With more than 45 ships, 75 planes, and 7,500 soldiers, 14 NATO allies and two NATO partner nations, Finland and Sweden, took part in the exercise.