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Global Maritime Patrol Aircraft Market: By Engine Type: Turbofan, Turboprop; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand, EMR’s Key Indicators for Price; Competitive Landscape; Industry Events and Developments

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 2021-2026.

 

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.

 

Global Maritime Patrol Aircraft Market

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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: Industry Definition and 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.

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.

 

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.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
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, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Maritime Patrol Aircraft Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Maritime Patrol Aircraft Historical Market (2016-2020) 
    8.3    Global Maritime Patrol Aircraft Market Forecast (2021-2026)
    8.4    Global Maritime Patrol Aircraft Market by Engine Type
        8.4.1    Turbofan
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Turboprop
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Maritime Patrol Aircraft Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    The Boeing Company
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Saab AB
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Dassault Aviation SA
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Lockheed Martin Corporation
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Airbus SE
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Maritime Patrol Aircraft Market: Key Industry Highlights, 2016 and 2026
2.    Global Maritime Patrol Aircraft Historical Market: Breakup by Engine Type (USD Billion), 2016-2020
3.    Global Maritime Patrol Aircraft Market Forecast: Breakup by Engine Type (USD Billion), 2021-2026
4.    Global Maritime Patrol Aircraft Historical Market: Breakup by Region (USD Billion), 2016-2020
5.    Global Maritime Patrol Aircraft Market Forecast: Breakup by Region (USD Billion), 2021-2026
6.    North America Maritime Patrol Aircraft Historical Market: Breakup by Country (USD Billion), 2016-2020
7.    North America Maritime Patrol Aircraft Market Forecast: Breakup by Country (USD Billion), 2021-2026
8.    Europe Maritime Patrol Aircraft Historical Market: Breakup by Country (USD Billion), 2016-2020
9.    Europe Maritime Patrol Aircraft Market Forecast: Breakup by Country (USD Billion), 2021-2026
10.    Asia Pacific Maritime Patrol Aircraft Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    Asia Pacific Maritime Patrol Aircraft Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Latin America Maritime Patrol Aircraft Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Latin America Maritime Patrol Aircraft Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Middle East and Africa Maritime Patrol Aircraft Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Middle East and Africa Maritime Patrol Aircraft Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Global Maritime Patrol Aircraft Market Structure

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