Praj Nene

The global amphibious aircraft market size was USD 159.2 million in 2020. The global impact of COVID-19 has been unmatched and staggering, with amphibious aircraft witnessing a negative impact on demand across all the globe amid the pandemic.

The global amphibious aircraft market size is expected to experience exponential growth by reaching USD 358.1 million by 2028 while exhibiting an impressive CAGR of 11.71% between 2021 and 2028. Fortune Business Insights in its latest report, titled, “Amphibious Aircraft Market, 2021-2028.”, mentions that the market stood at USD 159.2 million in 2020. The amphibious aircraft market is a niche segment of the aviation industry that caters to customers who require aircraft that can operate both on land and water. These aircraft are designed to take off and land on both land-based runways and water-based bodies such as lakes, rivers, and oceans. List of the Companies Operating in the Global Market for Amphibious Aircraft: 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)