The global amphibious aircraft market is expected to post a CAGR of nearly 5% during the period 2019–2023, according to the latest market research report by Technavio.

A key factor driving the growth of the market is the growing concerns in maritime security. Oceans are an integral part of the world economy for the several tangible and intangible resources they provide along with being a widely-used platform for transportation. Maritime policy and armed robberies are two major hindrances that impact global maritime trade and security. Hence, order and security in the high seas can be considered as one of the core pillars for sustainable wealth generation. Get the free sample report below for the detailed information.

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Global amphibious aircraft market: Use of advanced techniques for aircraft construction

The need to design and produce extremely high-performing aeronautical shapes within a weight constraint is the main motivator for aircraft manufacturers to use composite materials in aircraft structures. Carbon fiber-reinforced polymer is the most-preferred composite used in the aircraft industry. It provides the same mechanical strength as metal while being lightweight. Thus, this material aids in reducing fuel consumption of an aircraft. The use of composites reduces overall weight and contributes toward fuel savings as the aircraft can sustain flights for longer durations at lower fuel consumption levels due to a reduction in the gross weight.

“The advent of 3D-printing has enabled designers to come up with unconventional design configurations, which would otherwise have been impossible to achieve. Components or the aircraft can be fully 3D printed with negligible loss of material as waste. The electric aircraft industry depends on 3D-printing for rapid production of aircraft components, saving time, money, and space,” says a senior analyst at Technavio for research on aerospace.

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