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North America has established itself as the dominant region in the global hovercraft market, with a revenue share of 36.6% in 2024. The presence of key industry players such as Aerohod and Textron systems catering to both defense and commercial requirements has enabled North America to enjoy strong market consolidation over the years.
Moreover, North America is home to vast inland water bodies and coastal territories spread across the U.S. and Canada, facilitating extensive usage of hovercraft for transportation, rescue operations, and recreational activities. Several state-level authorities have incorporated hovercraft as a reliable mode for emergency medical services (EMS) and quick transport of supplies and personnel during natural disasters striking islands and isolated coastal communities. The existing defense contracts and established domestic commercial demand have empowered North American manufacturers to achieve economies of scale and offer competitive pricing for hovercraft and their components.
Asia Pacific region has emerged as the fastest growing market for hovercraft globally. Countries like China, Japan, and Australia have increased their procurement of hovercraft for military modernization programs, with a focus on maritime security near disputed territories. Public and private sector investments in developing hovercraft ferry services for linking remote islands and places with inadequate port infrastructure have picked up momentum across several Southeast Asian nations as well.
Countries in the region have also started encouraging the assembly and export of hovercraft to cater to global demand, by leveraging lower labor and manufacturing costs. For instance, Chinese companies have signed partnerships with foreign OEMs for local production of hovercraft models. India also announced plans to indigenously build hovercraft for border protection force and civil applications. The growing overseas sale and import of hovercraft components by Asia Pacific nations is expected to strengthen the regional supply chain ecosystem over the coming years.
Global Hovercraft Market Report Snapshots
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