Global Hovercraft Market Set to Witness Growth Driven by Rising Demand in Transportation Sector

Global Hovercraft Market Hovercraft, also known as air-cushion vehicles, are capable of traveling over land, swampy ground, mud, ice, and water. They are used for both commercial as well as military applications such as transportation of passengers and cargo and border patrolling due to their ability to travel over almost any surface. The growing demand for amphibious transportation for both commercial and military applications is anticipated to drive the growth of the global hovercraft market over the forecast period. The heavy payload capacity and ability to operate in all weather conditions also make hovercraft an attractive option for transportation needs. Furthermore, technological advancements increasing the efficiency and reducing the operating costs of hovercraft are also estimated to support the market growth. The Global Hovercraft Market is estimated to be valued at US$ 382.9 Mn in 2024 and is expected to exhibit a CAGR of 5.2% over the forecast period 2024 To 2031...