The market is witnessing an increase in the global seaborne trade totaling over 9 million tons in 2014. This continuous growth in seaborne trade stresses the need for governments across the world to raise their maritime security budgets. The market research analysts predict the global amphibious landing craft market to reach more than USD 10 billion in revenues by 2020.
According to the report, 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. There has been an increased utilization of large amphibious ships in military operations.