Amphibious Vehicle Market Set to Expand with Rising Defense Sector Spending
Wednesday, 13 March 2024, 03:00
Amphibious Vehicle Market Growth Forecast
The Amphibious Vehicle market is expected to achieve a Compound Annual Growth Rate (CAGR) of 9.13%, escalating from USD 4.5 Billion in 2023 to USD 10.92 Billion by 2033.
Rising Defense Sector Demand
The rising demand from the Defense sector is set to be the primary catalyst for the growth of the Amphibious Vehicle market.
AI Integration in Defense
The increased integration of AI technologies in defense applications is identified as a key factor that could unlock lucrative opportunities for Amphibious Vehicle devices.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.