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The amphibious vehicle market size is forecast to increase by USD 1.47 billion at a CAGR of 8.51% between 2023 and 2028. The market is witnessing significant growth due to several key trends and drivers. One of the primary drivers is the upgrade of defense capabilities to counter emerging security threats. With the increasing complexity of modern warfare, amphibious vehicles have become essential for military forces to transport troops and equipment across various terrains, including water bodies. Another trend influencing the market is the increasing penetration of artificial intelligence (AI) in defense applications. AI technologies are being integrated into amphibious vehicles to enhance their capabilities, such as autonomous navigation and situational awareness. However, defense budget cuts are posing challenges to market growth, as they are affecting procurement patterns and forcing military forces to prioritize their spending.
Despite these challenges, the market is expected to grow steadily due to the increasing demand for advanced amphibious vehicles that can provide superior mobility and versatility to military forces.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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