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Pulished Date November, 2021
ID: 12453
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Maritime patrol aircraft market is segmented by type (Fixed-Wing and Rotary-Wing), By Engine Type (Turbofan, Turboprop), Regional, industry, and forecast period 2021-2026.

Pulished: November, 2021
ID: 12453
Pages: 175

Maritime Patrol aircraft Market Size & Growth 2021-2026:

The maritime-patrol business is expected to rise dramatically by 2026. According to a market analysis of maritime-patrol aircraft, the overall growth rate in 2026 is expected to be 6.41 %.

The maritime patrol is an essential aircraft for countries with vast coastlines. Maritime patrols in the current day have advanced capabilities. They are also a valuable asset to the naval forces. It's a technology with many features, like sensors that can be used for anti-ship, anti-submarine, and idea monitoring applications. Due to high market demand, the cost of maritime patrol aircraft is rising. Some countries are incorporating maritime patrol aircraft elements into their existing fleets. Maritime patrol aircraft, on the other hand, are in high demand. Terrorism and border security worries are driving up demand for this sector at the same time. The maritime patrol aircraft has a wide range of durable properties and uses. Casa maritime patrol planes are becoming increasingly common.

Market Drivers:

The demand for maritime patrol aircraft is growing as a result of regional conflicts. Recent border challenges and rising terrorism worries have prompted an increase in military expenditures. Many countries are deploying maritime patrol aircraft to their military bases. The number of international conflicts is likely to rise in the next few years. As a result, the maritime surveillance market is experiencing a surge in demand. The marine patrol market is being driven by the rise of global threats and terrorism. In the military, replacing existing aircraft is a typical practice. In this industry, upgrading the aircraft with new features is essential. The market for maritime patrol aircraft is growing as a result of aircraft replacement due to deterioration. The maritime patrol is the Navy's newest high-end aircraft. Replacing old aircraft with the most up-to-date maritime patrol aircraft is a key demand driver. The replacement of U.K. maritime patrol aircraft has recently enhanced the market's profitability. The replacement of aircraft by large nations is constantly increasing the market's overall demand and profitability. Because maritime aircraft are efficient and high-capacity, most vendors prefer to buy them. Another important driver for this sector is the government's decision to outfit the navy base with powerful aircraft.

Market Restraints:

The cost of a maritime patrol aircraft is expensive. It is a huge investment for any country. The expensive initial expenditure is a stumbling block to global maritime patrol aircraft market expansion. Demand for the product may decrease in the following years as a result of its high price. Some countries may decide on more cost-effective maritime patrol aircraft alternatives. The maritime patrol aircraft is also a significant piece of equipment. The high cost of participation and the dynamic nature of technology can restrict overall industry growth. This element may also have an impact on the market's profitability over the forecast period.

Market Segmentation:

Maritime Patrol aircraft Market By Type:

  • Fixed-Wing
  • Rotary-Wing

Based on type, the fixed-wing segment is expected to dominate the maritime patrol aircraft market due to increased defense appropriations for combat aircraft and a rise in demand for expanding the air force fleet.

Maritime Patrol aircraft Market By Engine:

  • Turbofan
  • Turboprop

The turbofan segment is anticipated to have the highest growth maritime patrol aircraft market during the forecast period. Maritime Patrol Aircraft (MPAs) driven by turbofan engines have a longer endurance due to a reduced fuel burn rate. Hence, their engine efficiency is higher than that of their turboprop counterpart. Because current market demand for new-generation turbofan-powered MPAs is substantially smaller than that for turboprop MPAs, adoption is likely to increase during the forecast period as global rules on aviation carbon emissions increase. Moreover, various procurements and modernization programs are ongoing around the globe as states with maritime borders want to improve their maritime ISR capabilities. The manufacturer planned to deliver 111 P-8s to the U.S. Navy, 12 to the Royal Australian Air Force, nine to the Royal Air Force of the United Kingdom, five to Norway, and four to the Indian Navy as of January 2019.

Regional Analysis:

  • North America 
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle-East-America

Asia-Pacific is expected to have the highest growth in the maritime patrol aircraft market during the forecast period. Increasing military spending, fueled by ongoing tensions between Asia-Pacific countries, is expected to grow during the forecast period. Another reason for the governments in this region to purchase new aircraft is the aging fleet of maritime patrol aircraft. Japan has received 15 P-1s to replace its fleet of P-3C Orion's, which were developed in-house. The market for maritime patrol aircraft in this region is predicted to grow strongly throughout the forecast period, owing to orders and expected deliveries, as well as ongoing territorial disputes.

North America holds the largest maritime patrol aircraft market share of maritime patrol aircraft during the forecast period. It's a well-known place for its well-equipped navy base. The usage of maritime patrol aircraft is increasing at an exponential rate in North America. The market is mainly driven by government regulations that promote maritime operations. Furthermore, the United States' defense industry is a substantial contributor to the market. In 2026, North America will have the most considerable demand.

Moreover, over the predicted period, profitability and market growth would be at their peak. This is because the major players are releasing a slew of new products. As a result, it will eventually boost the market's overall growth.

Recent Developments:

In October 2021, Boeing has delivered the 11th P-8I maritime patrol aircraft to the Indian Navy. The MPA can be used for disaster relief and humanitarian operations and has anti-submarine warfare (ASW) capabilities. The U.S. Navy, the Royal Australian Air Force, and the Royal Air Force of the United Kingdom all use the P-8 series. Boeing also provides Indian Navy flight personnel with P-8I training, spare parts and field service representative assistance, and ground support equipment.

Market Key Players:

  • The Boeing Company
  • Lockheed Martin Corporation
  • Airbus S.E.
  • Textron Inc.
  • Dassault Aviation SA
  • AVIC
  • RUAG
  • Textron Inc.
  • Leonardo S.P. A
  • Saab AB
  • Kawasaki Heavy Industries, Ltd

Impact of Covid-19 on Maritime Patrol Aircraft Market:

The covid-19 pandemic has impacted negatively on the markets for maritime patrol aircraft around the globe. During the pandemic, many governments reduced their total defense budget. However, several governments are expected to impose budget cuts in reaction to the economic depression brought on by the COVID-19 pandemic. Defense purchases have been delayed because of the economic downturn. It has an impact on the market for maritime patrols. Production has dropped in the maritime-patrol market. These factors may have an impact on plans to purchase large patrol aircraft. Moreover, the availability of surveillance drones as low-cost alternatives and a growing desire for such UAVs may hinder market expansion throughout the forecast period.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Maritime patrol aircraft market, By Type                       

                                6.1.1 Fixed-Wing             

                                6.1.2 Rotary-Wing           

                                6.1.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.4 Y-o-Y Growth Rate Analysis             

                                6.1.5 Market Attractiveness Index          

                6.2 Maritime patrol aircraft market, By Engine Type                        

                                6.2.1 Turbofan  

                                6.2.2 Turboprop               

                                6.2.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.4 Y-o-Y Growth Rate Analysis             

                                6.2.5 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Maritime patrol aircraft market, by Region                     

                7.2 North America - Market Analysis (2021 - 2026)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By Engine Type      

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By Engine Type      

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By Engine Type      

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By Engine Type      

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By Engine Type      

8. Key Player Analysis                                    

                8.1 The Boeing Company                             

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Lockheed Martin Corporation                            

                8.3 Airbus S.E.                   

                8.4 Textron Inc.                

                8.5 Dassault Aviation SA                               

                8.6 AVIC                              

                8.7 RUAG                            

                8.8 Textron Inc.                

                8.9 Leonardo S.P. A                        

                8.10 Saab AB                     

                8.11 Kawasaki Heavy Industries, Ltd                       

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and also identifying the regions that are still untapped
  • The segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis lists out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies, and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Maritime patrol aircraft Market By Region, From 2021-2026 ( USD Billion )
  2. Global Maritime patrol aircraft Market By Type, From 2021-2026 ( USD Billion )
  3. Global Fixed-Wing  Market By Region, From 2021-2026 ( USD Billion )
  4. Global Rotary-Wing Market By Region, From 2021-2026 ( USD Billion )
  5. Global Maritime patrol aircraft Market By Engine Type, From 2021-2026 ( USD Billion )
  6. Global Turbofan Market By Region, From 2021-2026 ( USD Billion )
  7. Global Turboprop Market By Region, From 2021-2026 ( USD Billion )

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