According to the latest report by IMARC Group, the global maritime patrol aircraft market reached a value of US$ 17.97 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 24.97 Billion by 2027, exhibiting a CAGR of 5.40% during 2022-2027.
Maritime patrol aircraft (MPA), also called maritime reconnaissance aircraft, represent the fixed-wing airplanes that are designed to operate over water for facilitating search and rescue (SAR), anti-submarine warfare (ASW), anti-ship warfare (AShW) military proceedings, etc. They generally include data links, sensors, over-the-horizon communications systems, infrared cameras, and several air-deployable measuring system buoys, such as torpedoes and square measures used for extending flights at low altitudes. Maritime patrol aircraft offer reliability, security, flexibility, scalability, etc., at a cost-effective price. Presently, they are extensively available in varying types, including armored and unarmored.
Maritime Patrol Aircraft Market Trends and Drivers:
The growing prevalence of terrorism and the escalating border tensions between neighboring countries are primarily driving the maritime patrol aircraft market. In line with this, the increasing adoption of MPA for protecting coastline trade routes and detecting smuggling and other cross-border illegal activities is further catalyzing the market growth.
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Moreover, the launch of numerous favorable policies by government bodies for strengthening the military and defense infrastructures by installing high-tech maritime patrol aircraft is acting as another significant growth-inducing factor. Besides this, the rising investments in R&D activities across the aviation industry are also positively influencing the global market.
Additionally, the introduction of next-generation turbo-powered product variants for surveillance and monitoring with lower fuel burn rates and higher engine efficiency properties is anticipated to fuel the maritime patrol aircraft market over the forecasted period.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Maritime Patrol Aircraft Market2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Airbus SE, BAE Systems plc, Dassault Aviation SA, Embraer S.A., Kawasaki Heavy Industries Ltd, Leonardo SpA, Lockheed Martin Corporation, RUAG Group, Saab AB, Textron Inc. and The Boeing Company.
The report has segmented the market on the basis of region, type, engine type and application.
Breakup by Type:
- Armoured
- Unarmoured
Breakup by Engine Type:
- Turbofan
- Turboprop
Breakup by Application:
- Surveillance
- Reconnaissance
- Situational Awareness
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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