Maritime Patrol Aircraft Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR43960
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 Maritime Patrol Aircraft Market - 2021-2025

The maritime patrol aircraft market size is expected to grow by USD 5.06 billion, at a CAGR of 6.41%, between 2021 and 2025. This research study helps in a deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as growing marine threats are projected to significantly support market growth during the forecast period. Our research experts have thoroughly evaluated and covered the latest trends and challenges that will have a far-reaching effect on market growth.

To Unlock the Maritime Patrol Aircraft Market Size for 2021 and Other Important Statistics, Download the Free Report Sample!

Maritime Patrol Aircraft Market Segments

From this Technavio report, get actionable insights on the maritime patrol aircraft market segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Navigate through market segmentation by type (maritime patrol fixed-wing aircraft and maritime patrol rotorcraft) and geography (North America, APAC, Europe, South America, and MEA) in this maritime patrol aircraft market report to pursue growth opportunities.

Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. This research report entails a thorough qualitative and quantitative analysis on the post-pandemic maritime patrol aircraft market predictions on consumer demand changes for 2021-2025.

Maritime Patrol Aircraft Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 6.41%

Market growth 2021-2025

$ 5.06 billion

Market structure

Concentrated

YoY growth (%)

9.00

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

APAC at 42%

Key consumer countries

US, China, Germany, France, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

Airbus SE, BAE Systems Plc, Embraer SA, Kawasaki Heavy Industries Ltd., Leonardo Spa, Lockheed Martin Corp., RUAG Group, Saab AB, Thales Group, and The Boeing Co.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Maritime Patrol Aircraft Market Key Vendors and Competitive Analysis

Technavio research specialists have included significant well-thought-out business planning approaches of key players in this report. The maritime patrol aircraft market is concentrated and the vendors are deploying organic and inorganic growth strategies to gain a competitive advantage.

The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Get the full report to understand the COVID-19 impact on the growth of the maritime patrol aircraft market share during 2021-2025.

The maritime patrol aircraft market forecast report comprises complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Maritime Patrol Aircraft Market Vendors

Regional Opportunities in Maritime Patrol Aircraft Market - 2021-2025

42% of the maritime patrol aircraft market growth will originate from APAC during the forecast period. China and Japan are the key markets for maritime patrol aircraft in APAC. This report encompasses exclusive information on potential business locations and understand the demographics of current and prospective customers.

Maritime Patrol Aircraft Market Share by Geography

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APAC has been exhibiting a significant growth rate for maritime patrol aircraft market vendors. Factors such as the rising number of maritime conflicts in the Indian Ocean and the South China Sea are accelerating the maritime patrol aircraft market growth in APAC. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click on the image above.

The maritime patrol aircraft market share growth in APAC will be faster than the growth of the market in other regions. The geographical segmentation in the report has assessed and included details on the competitive intelligence and regional opportunities in store for vendors.

Maritime Patrol Aircraft Market Share and Revenue by Type

Maritime Patrol Aircraft Market Share by Type

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The maritime patrol aircraft market share growth by the maritime patrol fixed-wing aircraft segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the maritime patrol aircraft market size.

From the maritime patrol aircraft market segmentation insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentation will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID-19 impact on each segment.

 Key Maritime Patrol Aircraft Market Drivers & Trends

While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding maritime patrol aircraft market growth is the growing adoption of strategic bombers in maritime patrol. In this research report, our analysts have elucidated exhaustive all key industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.

One of the key factors driving growth in the maritime patrol aircraft market is the rising marine threats. Oceanic or marine borders play an important role in national security and territorial sovereignty. The governments of countries are patrolling their territorial waters with highly advanced airborne platforms. Maritime patrol aircraft is highly effective in the detection, identification of threats, and performance of reconnaissance operations. The aircraft and helicopters perform a variety of operations beyond traditional ASW and SUW missions, such as maritime interdiction, anti-smuggling activities, maritime shipping protection, and overland strike mission support. The demand for maritime patrol aircraft from the navy and marine departments worldwide is high, owing to the integrated design and equipment.

The South China Sea dispute is another major factor supporting the maritime patrol aircraft market share growth. China's extension of its sea borders toward the Southeast sea is creating rifts among the nations that border the South China Sea, a territory that has long been disputed by these nations. Bordering countries like Taiwan, Malaysia, the Philippines, Brunei, and Vietnam and other countries like the US, India, and Australia are apprehensive that China's actions will affect their trade routes through the sea. The growing tensions are driving the acquisition of highly advanced ISR platforms such as maritime patrol aircraft.

This maritime patrol aircraft market analysis report provides detailed information on key trends, drivers, and challenges that is the essence of business planning and strengthening marketing strategies across regions and segmentations.

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Maritime Patrol Aircraft Market Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive maritime patrol aircraft market growth during the next five years
  • Precise estimation of the maritime patrol aircraft market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the maritime patrol aircraft market across North America, APAC, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of maritime patrol aircraft market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Maritime patrol fixed-wing aircraft - Market size and forecast 2020-2025
    • Maritime patrol rotorcraft - Market size and forecast 2020-2025
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Airbus SE
      • BAE Systems Plc
      • Embraer SA
      • Kawasaki Heavy Industries Ltd.
      • Leonardo Spa
      • Lockheed Martin Corp.
      • RUAG Group
      • Saab AB
      • Thales Group
      • The Boeing Co.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The maritime patrol aircraft market growth will increase by $4.12 billion during 2019-2024.
      The maritime patrol aircraft market is expected to grow at a CAGR of 5.27% during 2019-2024.
      Technavio has segmented the maritime patrol aircraft market by type (Maritime patrol fixed-wing aircraft and Maritime patrol rotorcraft) and geographic (North America, APAC, Europe, South America, and MEA).
      Airbus SE, BAE Systems Plc, Embraer SA, Kawasaki Heavy Industries Ltd., Leonardo Spa, Lockheed Martin Corp., RUAG Group, Saab AB, Thales Group, The Boeing Co. are a few of the key vendors in the maritime patrol aircraft market.
      APAC will register the highest growth rate of 33.98% among the other regions. Therefore, the maritime patrol aircraft market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the maritime patrol aircraft market growth are:
      • Growing marine threats
      The maritime patrol aircraft market vendors should focus on grabbing business opportunities from the maritime patrol fixed-wing aircraft segment as it accounted for the largest market share in the base year.
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