PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1441412
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1441412
Global Maritime Patrol Aircraft Market Size Study & Forecast, by Type, by Propulsion System, by Application, by Mode of Operation, and Regional Analysis, 2023-2030
Global Maritime Patrol Aircraft Market is valued at approximately USD 5.98 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 12.1% during the forecast period 2023-2030. A Maritime Patrol Aircraft (MPA) is a specialized aircraft designed for surveillance and reconnaissance over maritime regions. These aircraft, employed by naval and maritime forces, are equipped with advanced sensors such as radar and sonar for detecting and tracking surface vessels and submarines. They play a vital role in maritime security, anti-submarine warfare, and search and rescue operations. MPAs, such as the Boeing P-8 Poseidon and Lockheed P-3 Orion, possess extended-range capabilities and are adaptable for various missions, making them essential assets for monitoring and safeguarding territorial waters and Exclusive Economic Zones. The market growth is being significantly driven by key factors including increased defense budgets in various countries, rising focus on unmanned maritime patrol aircraft, replacement of aging fleets, and rise in search and rescue operations in maritime environments.
The surge in maritime threats and security concerns is the most prominent factor that are propelling the market demand across the globe. Intensifying maritime challenges, such as piracy, illegal activities, and territorial disputes, are driving the demand for advanced surveillance capabilities, leading to an increased need for Maritime Patrol Aircraft (MPAs). The International Maritime Bureau (IMB) compiles an annual report on piracy and armed robbery against ships, offering a detailed examination of 115 maritime incidents worldwide in 2022. Also, according to the American Association for the Advancement of Science report, it was recorded that around 7.7 and 14.0 million metric tons of unreported fish catches are traded illicitly per year, which shows a gross revenue of USD 9 to USD 17 billion associated with these catches. These aircraft play a crucial role in monitoring and preventing illegal maritime activities such as piracy, smuggling, and illegal fishing due to their ability to cover large oceanic areas and remain on station for extended periods. Hence, this factor is propelling the security needs, which is directly associated with the market demand. Moreover, the rise in the integration of advanced technologies into maritime patrol aircraft, as well as the advent of the Internet of Aircraft Things (IoAT) presents various lucrative opportunities over the forecast years. However, the high cost associated with the procurement, maintenance, and operation of maritime patrol aircraft, along with the stringent regulatory norms for manufacturing maritime patrol aircraft components are hindering the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Maritime Patrol Aircraft Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the increasing military expenditures, fueled by ongoing regional tensions, and significant investments by Asia Pacific aircraft manufacturers in maritime patrol aircraft technology highlights their recognition of its potential to bring about revolutionary advancements in maritime security and warfare capabilities. Whereas, North America is expected to grow at a significant CAGR over the forecast years. The growing advanced naval installations, as well as the high utilization of maritime patrol aircraft are significantly propelling the market demand across the region.
Major market players included in this report are:
- The Boeing Company
- Saab AB
- Dassault Aviation SA
- Lockheed Martin Corporation
- Airbus SE
- Kawasaki Heavy Industries Ltd
- Leonardo SpA
- Textron Inc.
- RUAG Group
- Israel Aerospace Industries Ltd
Recent Developments in the Market:
Global Maritime Patrol Aircraft Market Report Scope:
By Type:
By Propulsion System:
By Application:
By Mode of Operation:
By Region:
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Maritime Patrol Aircraft Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Maritime Patrol Aircraft Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Maritime Patrol Aircraft Market, by Propulsion System, 2020-2030 (USD Billion)
- 1.2.4. Maritime Patrol Aircraft Market, by Application, 2020-2030 (USD Billion)
- 1.2.5. Maritime Patrol Aircraft Market, by Mode of Operation, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Maritime Patrol Aircraft Market Definition and Scope
Chapter 3. Global Maritime Patrol Aircraft Market Dynamics
Chapter 4. Global Maritime Patrol Aircraft Market Industry Analysis
Chapter 5. Global Maritime Patrol Aircraft Market, by Type
Chapter 6. Global Maritime Patrol Aircraft Market, by Propulsion System
Chapter 7. Global Maritime Patrol Aircraft Market, by Application
Chapter 8. Maritime Patrol Aircraft Market, by Mode of Operation
Chapter 9. Global Maritime Patrol Aircraft Market, Regional Analysis
Chapter 10. Competitive Intelligence
Chapter 11. Research Process
LIST OF TABLES
- TABLE 1. Global Maritime Patrol Aircraft Market, report scope
- TABLE 2. Global Maritime Patrol Aircraft Market estimates & forecasts by Region 2020-2030 (USD Billion)
- TABLE 3. Global Maritime Patrol Aircraft Market estimates & forecasts by Type 2020-2030 (USD Billion)
- TABLE 4. Global Maritime Patrol Aircraft Market estimates & forecasts by Propulsion System 2020-2030 (USD Billion)
- TABLE 5. Global Maritime Patrol Aircraft Market estimates & forecasts by Application 2020-2030 (USD Billion)
- TABLE 6. Global Maritime Patrol Aircraft Market estimates & forecasts by Mode of Operation 2020-2030 (USD Billion)
- TABLE 7. Global Maritime Patrol Aircraft Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 8. Global Maritime Patrol Aircraft Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 9. Global Maritime Patrol Aircraft Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 10. Global Maritime Patrol Aircraft Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 11. Global Maritime Patrol Aircraft Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 12. Global Maritime Patrol Aircraft Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 13. Global Maritime Patrol Aircraft Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
LIST OF FIGURES
