Let's go... The global amphibious aircraft market size is expected to reach USD 358.1 million by 2028 by exhibiting an impressive CAGR of 11.71% between 2021 and 2028. Fortune Business Insights in its latest report, titled, <b>"Amphibious Aircraft Market, 2021-2028.", </b>mentions that the market stood at USD 159.2 million in 2020. Factors such as the increasing demand for these type of aircrafts for commercial purposes and the growing demand for lightweight seaplanes is projected to favor the market's demand during the forecast period. For instance, in October 2020, the first-ever seaplane service was launched in India that is operational between Ahmedabad and Kevadia.
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<b>Market to Exhibit -41.06% CAGR in 2020 amid COVID-19</b>
As per the General Aviation Manufacturers Association (GAMA) report 2020, the deliveries of ICON A5 aircraft were 41 in 2019, whereas in 2020 it stood at 26. The major disruption in the supply chain has led to reduced production capability and delayed deliveries of seaplanes. Moreover, due to the lockdown there has been a striking decline in the number of air passengers worldwide. These factors are expected to lead to the market exhibiting a CAGR of about -41.06% in 2020.
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https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/amphibious-aircraft-market-105019
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<b>List of the Top Companies Operating in the Global Amphibious Aircraft Market:</b>
-- Aviat Aircraft, Inc. (The U.S.)
-- AVIC (China)
-- Beriev Aircraft Company (Russia)
-- Bombardier (Canada)
-- Dornier Seawings GmbH (Germany)
-- Glasair Aviation (The U.S.)
-- ICON Aircraft, Inc. (The U.S.)
-- ShinMaywa Industries, Ltd. (Japan)
-- Textron Inc. (The U.S.)
-- VIKING Air Ltd. (Canada)