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

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?

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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?

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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?

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

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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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