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

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR43960
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The maritime patrol aircraft market share is expected to increase by USD 5.06 billion from 2020 to 2025, and the market's growth momentum will decelerate at a CAGR of 6.41%.

This maritime patrol aircraft market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers maritime patrol aircraft market segmentations by type (maritime patrol fixed-wing aircraft and maritime patrol rotorcraft) and geography (North America, APAC, Europe, South America, and MEA). The maritime patrol aircraft market report also offers information on several market vendors, including 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. among others.

What will the Maritime Patrol Aircraft Market Size be During the Forecast Period?

Maritime Patrol Aircraft Market Size

Download the Free Report Sample to Unlock the Maritime Patrol Aircraft Market Size for the Forecast Period and Other Important Statistics

 

Maritime Patrol Aircraft Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and after the post-COVID-19 era. The growing marine threats are notably driving the maritime patrol aircraft market growth, although factors such as the growing adoption of strategic bombers in a maritime patrol may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the maritime patrol aircraft industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Maritime Patrol Aircraft Market Driver

One of the key factors driving the maritime patrol aircraft market is the growing marine threats. Oceanic or marine borders play an important role in national security and territorial sovereignty; they are accessed as a means of trade, immigration, and emigration. Terrorists and enemy countries can also enter a country through its maritime borders, which is a serious threat to the country's safety. Moreover, the economic importance of the maritime regions of the world, stretching from the islands of Indonesia and the Philippines to the North Sea oil fields, is growing significantly. The governments of countries are patrolling their territorial waters with highly advanced airborne platforms. maritime patrol aircraft are highly effective in the detection, identification of threats, and performance of reconnaissance operations. Moreover, these 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. Owing to the integrated design and equipment, demand for maritime patrol aircraft from the navy and marine departments worldwide is high. The aircraft performs roles such as undersea warfare intelligence, surveillance and reconnaissance, littoral strike and targeting, and surface warfare.

Key Maritime Patrol Aircraft Market Trend

Increasing preference for MMA is another factor supporting the maritime patrol aircraft market growth in the forecast period. Global threats to maritime border safety and operational requirements for surface warfare are driving defense authorities toward undersea warfare intelligence platforms such as MMA to perform multiple roles. These include overwater and overland ISR operations, ship interdiction, and C4ISR operations. The C4I capabilities in MMA provide defense forces with battlespace awareness information, which helps the forces in conducting land and maritime operations successfully. Moreover, over the next few years, MMA will become the most chosen platform for locating and destroying enemy submarines and surface vessels. The systems used in MMA to conduct ASW and SUW missions under adverse environmental conditions are highly advanced. Also, to maintain maritime superiority amidst the growing number of threats, MMA fulfills the need for an integrated suite of sensors covering a broad spectrum of information provided by radar (including synthetic aperture radar and inverse synthetic aperture radar), infrared, electro-optical, acoustic, magnetic, and electronic support measures. Therefore, to enhance cost-effectiveness, maritime patrol aircraft are being modernized and upgraded with advanced technological platforms.

Key Maritime Patrol Aircraft Market Challenge

The growing adoption of strategic bombers in maritime patrol will be a major challenge for the maritime patrol aircraft market during the forecast period. Strategic bombers were exclusively used to drop heavy air-to-ground weaponry onto distance targets for incapacitating the enemy's attack and resistance capabilities in warfare. Moreover, with changing warfare strategies, these bombers are also being increasingly used for multi-mission purposes such as maritime patrol and surveillance as well as maritime military exercises. In June 2016, the US Air Force Global Strike Command (AFGSC) sent three B-52 Stratofortress bombers to take part in the joint NATO Baltic drills conducted at the military airport in Gloucestershire, the UK. Along with the US, 15 other NATO member countries, including the UK, Finland, and Sweden, took part in the military drill. Therefore, the transformation of strategic bomber operations from attacking hostile parties and platforms to reconnaissance and surveillance is anticipated to challenge the growth of the maritime patrol aircraft market.

This maritime patrol aircraft market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global maritime patrol aircraft market as a part of the global aerospace & defense market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the maritime patrol aircraft market during the forecast period.

Who are the Major Maritime Patrol Aircraft Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • 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.

 

This statistical study of the maritime patrol aircraft market encompasses successful business strategies deployed by the key vendors. The maritime patrol aircraft market is concentrated and the vendors are deploying growth strategies such as high fuel efficiency and advanced technology to compete in the market.

Product Insights and News

  • Airbus SE - The company offers maritime patrol aircraft under the brand name A320M3A.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The maritime patrol aircraft market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Maritime Patrol Aircraft Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the maritime patrol aircraft market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global aerospace & defense market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated other innovative approaches being followed by manufacturer providers to ensure a sustainable market presence.

 

Which are the Key Regions for Maritime Patrol Aircraft Market?

Maritime Patrol Aircraft Market Market segmentation by region

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42% of the market's growth will originate from APAC during the forecast period. The US is the key market for maritime patrol aircraft market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The high investments of the US DoD in procurement, sustainment, modernization, and R&D programs for advanced maritime patrol aircraft will facilitate the maritime patrol aircraft market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 had an adverse impact on several countries in the region, such as the US, Canada, and Mexico. Moreover, countries in the region, such as the US, devote approximately 4% of their GDP to defense, a substantial amount, because national safety is of utmost importance, and safeguarding borders is a prime requirement. The country had halted naval exercises for a few months in 2020, owing to the lockdowns imposed in 2020 to contain the spread of COVID-19. However, in 2021, naval exercises were resumed, owing to the widespread vaccination programs in the region. Additionally, the US and Thailand held joint training during the 27th Annual Cooperation Afloat Readiness and Training (CARAT) exercise that was held from September 6, 2021, to September 10, 2021. Such partnerships will fuel the demand for maritime patrol aircraft. 

What are the Revenue-generating Type Segments in the Maritime Patrol Aircraft Market?

Maritime Patrol Aircraft Market Segmentation

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The maritime patrol aircraft market share grows in the Maritime patrol fixed-wing aircraft segment during the forecast period. Maritime patrol aircraft is effective surveillance aircraft for anti-submarine missions; they use magnetic anomaly detection equipment, sonar systems such as ranging sonobuoys, and advanced submarine detection sensors such as directional frequency sensors to carry out underwater research. Maritime patrol aircraft is effective surveillance aircraft for anti-submarine missions; they use magnetic anomaly detection equipment, sonar systems such as ranging sonobuoys, and advanced submarine detection sensors such as directional frequency sensors to carry out underwater research.

This report provides an accurate prediction of the contribution of all the segments to the growth of the maritime patrol aircraft market size and actionable market insights on the post-COVID-19 impact on each segment.

 

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

Key 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 recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Maritime Patrol Aircraft Market Report?

  • 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 industry 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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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 15: Type - Market share 2020-2025 (%)
    • 5.2 Comparison by Type
      • Exhibit 16: Comparison by Type
    • 5.3 Maritime patrol fixed-wing aircraft - Market size and forecast 2020-2025
      • Exhibit 17: Maritime patrol fixed-wing aircraft - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 18: Maritime patrol fixed-wing aircraft - Year-over-year growth 2020-2025 (%)
    • 5.4 Maritime patrol rotorcraft - Market size and forecast 2020-2025
      • Exhibit 19: Maritime patrol rotorcraft - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 20: Maritime patrol rotorcraft - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by Type
      • Exhibit 21: Market opportunity by Type

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 23: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 24: Geographic comparison
    • 7.3 North America - Market size and forecast 2020-2025
      • Exhibit 25: North America - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 26: North America - Year-over-year growth 2020-2025 (%)
    • 7.4 APAC - Market size and forecast 2020-2025
      • Exhibit 27: APAC - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 28: APAC - Year-over-year growth 2020-2025 (%)
    • 7.5 Europe - Market size and forecast 2020-2025
      • Exhibit 29: Europe - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 31: South America - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 32: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 33: MEA - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 35: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 36: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 37: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Competitive Scenario
          • 9.2 Overview
            • Exhibit 38: Vendor landscape
          • 9.3 Landscape disruption
            • Exhibit 39: Landscape disruption
            • Exhibit 40: Industry risks

          10 Vendor Analysis

          • 10.1 Vendors covered
            • Exhibit 41: Vendors covered
          • 10.2 Market positioning of vendors
            • Exhibit 42: Market positioning of vendors
          • 10.3 Airbus SE
            • 10.4 BAE Systems Plc
              • Exhibit 48: BAE Systems Plc - Overview
              • Exhibit 49: BAE Systems Plc - Business segments
              • Exhibit 50: BAE Systems Plc - Key news
              • Exhibit 51: BAE Systems Plc - Key offerings
              • Exhibit 52: BAE Systems Plc - Segment focus
            • 10.5 Embraer SA
              • Exhibit 53: Embraer SA - Overview
              • Exhibit 54: Embraer SA - Business segments
              • Exhibit 55: Embraer SA - Key news
              • Exhibit 56: Embraer SA - Key offerings
              • Exhibit 57: Embraer SA - Segment focus
            • 10.6 Kawasaki Heavy Industries Ltd.
              • Exhibit 58: Kawasaki Heavy Industries Ltd. - Overview
              • Exhibit 59: Kawasaki Heavy Industries Ltd. - Business segments
              • Exhibit 60: Kawasaki Heavy Industries Ltd. - Key offerings
              • Exhibit 61: Kawasaki Heavy Industries Ltd. - Segment focus
            • 10.7 Leonardo Spa
              • Exhibit 62: Leonardo Spa - Overview
              • Exhibit 63: Leonardo Spa - Business segments
              • Exhibit 64: Leonardo Spa - Key news
              • Exhibit 65: Leonardo Spa - Key offerings
              • Exhibit 66: Leonardo Spa - Segment focus
            • 10.8 Lockheed Martin Corp.
              • Exhibit 67: Lockheed Martin Corp. - Overview
              • Exhibit 68: Lockheed Martin Corp. - Business segments
              • Exhibit 69: Lockheed Martin Corp. - Key news
              • Exhibit 70: Lockheed Martin Corp. - Key offerings
              • Exhibit 71: Lockheed Martin Corp. - Segment focus
            • 10.9 RUAG Group
              • Exhibit 72: RUAG Group - Overview
              • Exhibit 73: RUAG Group - Business segments
              • Exhibit 74: RUAG Group - Key news
              • Exhibit 75: RUAG Group - Key offerings
              • Exhibit 76: RUAG Group - Segment focus
            • 10.10 Saab AB
              • Exhibit 77: Saab AB - Overview
              • Exhibit 78: Saab AB - Business segments
              • Exhibit 79: Saab AB - Key news
              • Exhibit 80: Saab AB - Key offerings
              • Exhibit 81: Saab AB - Segment focus
            • 10.11 Thales Group
              • Exhibit 82: Thales Group - Overview
              • Exhibit 83: Thales Group - Business segments
              • Exhibit 84: Thales Group - Key news
              • Exhibit 85: Thales Group - Key offerings
              • Exhibit 86: Thales Group - Segment focus
            • 10.12 The Boeing Co.
              • Exhibit 87: The Boeing Co. - Overview
              • Exhibit 88: The Boeing Co. - Business segments
              • Exhibit 89: The Boeing Co. - Key news
              • Exhibit 90: The Boeing Co. - Key offerings
              • Exhibit 91: The Boeing Co. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 92: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 93: Research Methodology
                • Exhibit 94: Validation techniques employed for market sizing
                • Exhibit 95: Information sources
              • 11.4 List of abbreviations
                • Exhibit 96: 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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              Maritime Patrol Aircraft Market market growth will increase by $5.06 bn during 2021-2025.
              The maritime patrol aircraft market market is expected to grow at a CAGR of 6.41% during 2021-2025.
              Technavio has segmented the maritime patrol aircraft market market by type (maritime patrol fixed-wing aircraft and maritime patrol rotorcraft) ,geography (North America, APAC, Europe, South America, and MEA) , 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 market.
              APAC will register the highest growth rate of 42% among the other regions. Therefore, the maritime patrol aircraft market 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 market growth are:
              • Growing marine threats
              • Preference for MMA
              The maritime patrol aircraft market 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.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis

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