Amphibious Assault Vehicles Market - Trends and Opportunities for the Industry by 2024

Market-Research

The amphibious assault vehicle (AAV) was first developed by FMC Corporation (later acquired by BAE Systems) in 1972. It was introduced to replace Land Vehicle Traced Personnel-7 (LVTP-7). AAVs are widely used by the U.S. Marine Corps. Due to a wide range of application of this assault vehicle in military and civil forces, demand for the vehicle is rising gradually. 

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Amphibian assault vehicles carry troops from naval ships through rough surfaces and surf zones. They can traverse through water at a speed from 10 miles per hour to 45 miles per hour. The vehicle has a 50-caliber machine gun and an automated grenade launcher. 

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Amphibious assault vehicles are capable of combating the enemies both on land and water, as they are equipped with armored systems. These vehicles are used in transportation of armed forces, armored vehicles, and for carrying out relief work during natural calamities. High investment is being made in AAVs, due to their capabilities especially in the areas of land mobility control reliability, communication systems, and intelligence. 

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These vehicles have a unique feature of computerized fire control system. This feature includes fire control computer, commander sight, laser rangefinder input, gunner sight, and night vision system. These night vision systems ensure operations in any weather, day and night, both on land and water. These benefits and capabilities of AAVs are expected to propel the market in the next few years. Speedy deployment of armed forces during onshore and offshore operations is another factor driving the amphibious assault vehicles market.