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. Amphibian assault vehicles  Market 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. 

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. 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. 

An amphibious assault vehicle is a large machine having boat-like hulls on either sides. This proves to be a restraining factor for the market, as these hulls get hit by roadside bombs. The major hindering factor for the market is that an AAV has to be launched from a ship. Another limiting factor for this market is dissolution of expeditionary fighting vehicles (EFVs). Though EFVs had better engineering and technology than existing AAVs, due to high cost of EFVs, the United States Marine Corps cancelled the program. 

Get More Press Releases by TMR:

Development of amphibian combat vehicles is gaining popularity owing to the risk of amphibian assault vehicles, especially in areas where there is lack of network, communications, and water land mobility. The amphibian combat vehicle would enhance the ground combat element (GCE), which would boost the ACVs to be more effective across various operations and provide the troops with modern armed personnel carrier. 

The market for amphibious assault vehicles can be segmented only by geographical location. Geographically, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East. North America dominates the global AAV market, followed by Asia Pacific and Europe. Asia Pacific aims at becoming the speedily expanding market in terms of production and pricing. Due to availability of cheap labor in Asia Pacific, the cost of production of AAVs decreases, which fuels the market in the region. Key countries/sub-regions in Asia Pacific that focus on the development of amphibian assault vehicles include China, Japan, Southeast Asia, and India. Japan and Philippines are likely to adopt these vehicles in the near future, to strengthen their naval forces. Countries in Latin America such as Argentina and Venezuela have adopted amphibian assault vehicles in recent years to fortify their armed forces. 

Purchase our premium research report at                             @

There are several manufacturers of AAVs across the globe. The leading vendors in the market include BAE Systems (the U.S.), General Dynamics Corporations (the U.S.), Lockheed Martin (the U.S.), Northrop Grumman (the U.S.), and Thales Group (the U.S.). Other than these, Mitsubishi Heavy Industries Ltd. (Japan), Oshkosh Defense, Rheinmetall MAN Military Vehicles GmBH (Germany), and Science Applications Internationals Corporations (the U.S.) also operate in the AAV market.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

TMR is a leader in the market research space providing end-to-end business solutions and consulting services. TMR operates from its own office space of almost 10,000 sq. ft located in a prime commercial complex at Pune. We serve clients in 150 countries with an approach to deep dive into the economic aspects and geographical nuances for unfailing business intelligence.

Contact us:

Transparency Market Research
State Tower,
90 State Street, Suite 700,
Albany NY – 12207,
United States
Tel: +1-518-618-1030 Email:


Please enter your comment!
Please enter your name here