Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Maritime Patrol Aircraft Market Outlook

The global maritime patrol aircraft market is expected to grow at a CAGR of 6.5% in the forecast period of 2024-2032.

Global Maritime Patrol Aircraft Market

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Turbofan Segment to Account for a Substantial Market Share of the Global Maritime Patrol Aircraft Industry

Based on engine type, the turbofan segment is predicted to hold a substantial market share of the global maritime patrol aircraft industry. This growth can be attributed to the high endurance and low fuel burn rate offered by turbofan engines. In addition, these engines have high operational efficiency. Moreover, the regulations pertaining to the reduction of carbon emissions are also expected to increase the demand for maritime patrol aircraft with turbofan engines. In addition, a turbofan engine increases acceleration while decreasing the takeoff roll and improving initial climb performance. It also has the effect of decreasing specific fuel consumption. These factors are expected to significantly contribute to the industry growth.

The Asia Pacific to Occupy a Considerable Market Share in the Global Maritime Patrol Aircraft Industry

The Asia Pacific is estimated to hold a considerable share of the maritime patrol aircraft industry in the forecast period. This growth can be attributed to the heightened military expenditure by the countries in the region. In addition, the increasing threats of terrorist activities are motivating the governments to exceedingly invest in the coastline protection of nation. Moreover, the ongoing tensions across international borders are also driving the demand for maritime patrol aircraft in the region, which is predicted to positively contribute to the industry growth.

Maritime Patrol Aircraft: Market Segmentation

Maritime patrol aircraft, also known as reconnaissance aircraft, is a fixed-wing aircraft constructed to function for a long duration over water in maritime patrol roles such as in surveillance and search and rescue operations, among others. The aircraft are built to detect nearby threats, take necessary actions, and be deployed in anti-submarine and anti-surface warfare activities. In addition, these aircraft are known for their large frames. Moreover, maritime patrol aircraft are essential for countries with long coastlines.

Global Maritime Patrol Aircraft Market by Segment

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By engine type, the market is divided into:

  • Turbofan
  • Turboprop

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Global Maritime Patrol Aircraft Market by Region

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Heightened Investments in the Defence Sector to Augment the Growth of the Global Maritime Patrol Aircraft Industry

The rising investments in the defence sector in major parts of the world due to the increasing threats of terror across borders are estimated to drive the market growth in the coming years. According to the statistics provided by the Stockholm International Peace Research Institute, the world military expenditure was USD 1981 billion in 2020, which witnessed a 2.6% increase from 2019. Among these, 62% of the total expenditure was carried out by the United States, China, India, Russia, and the United Kingdom. Moreover, the need to replace ageing aircraft with advanced and better-equipped aircraft having modern technological specifications is also contributing to the demand for maritime patrol aircraft. For instance, in July 2021, the leading aircraft manufacturer Boeing delivered the 10th long-range maritime reconnaissance anti-submarine warfare aircraft to the Indian Navy. This multi-mission P-8I aircraft replaced the ageing fleet of the Indian Navy’s Tupolev Tu-142 aircraft. Such developments are estimated to significantly contribute to the market growth.

Key Industry Players in the Global Maritime Patrol Aircraft Market

The report gives a detailed analysis of the following key players in the global maritime patrol aircraft market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • The Boeing Company
  • Saab AB
  • Dassault Aviation SA
  • Lockheed Martin Corporation
  • Airbus SE
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Engine Type
  • Region
Breakup by Engine Type
  • Turbofan
  • Turboprop
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • The Boeing Company
  • Saab AB
  • Dassault Aviation SA
  • Lockheed Martin Corporation
  • Airbus SE
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The global maritime patrol aircraft market is projected to grow at a CAGR of 6.5% between 2024 and 2032.

The major drivers of the industry, such as the increased threats of terror across borders, the growing demand for coastline protection, the heightened demand to replace the ageing aircrafts with new technologies, and rapid investments being made by the governments, are expected to aid the market growth.

The key market trends guiding the growth of the industry include the increased investments in the defence sector by major countries across the globe.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The significant engine types of maritime patrol include turbofan and turboprop.

The major players in the industry are The Boeing Company, Saab AB, Dassault Aviation SA, Lockheed Martin Corporation, and Airbus SE, among others.

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