Hovercraft Market Poised for Steady Growth Driven by Technological Advancements and Expanding Applications
The Hovercraft Market is witnessing significant growth due to rising demand for versatile, amphibious transportation solutions across defense, commercial, and recreational sectors. Hovercrafts, capable of traveling over water, land, and difficult terrains, provide unmatched mobility, making them crucial for rescue operations, military missions, and tourism. The global market is projected to reach USD 1.42 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.5% from 2025 to 2032.
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