Maritime Patrol Aircraft Market Share, Size, Trends, Industry Analysis Report, By Type (Armored, Unarmed); By Propulsion System; By Application; By Mode of Operation; By Region; Segment Forecast, 2024 - 2032
- Published Date:Feb-2024
- Pages: 115
- Format: PDF
- Report ID: PM4629
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
Maritime Patrol Aircraft Market size was valued at USD 6.30 billion in 2023. The market is anticipated to grow from USD 6.95 billion in 2024 to USD 16.92 billion by 2032, exhibiting the CAGR of 11.8% during the forecast period.
Market Overview
Governments are increasing their investments in national security, with the growing border-related conflicts at the global level, promptly driving the adoption of proficient defense equipment. This is significantly supporting the need for maritime patrol security aircrafts in the marketplace. In current trends, improving defense security is becoming a primary concern with a view to promote population safety and enhance protection.
- For instance, in September 2023, the Australian Defense Force (ADF) announced its plan to purchase the 4th MQ-4C Triton Unmanned Aerial System (UAS) and modernize its P-8A maritime patrol aircraft fleet with a contract value of $968.5 million.
Moreover, the capability to withstand on air for a longer duration by maritime patrol aircraft is driving its adoption by the countries. For instance, in February 2024, the Indian Defense Ministry announced its plan to acquire 15 maritime patrol aircrafts of C295 Airbus. This shift towards equipping effective maritime patrol aircraft is expected to boost new product developments in the world, contributing to the significant market growth in the coming years.
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However, the huge costs of maritime patrol aircrafts are expected to create difficulties among the low-income countries in adopting these surveillance systems in the marketplace, restraining their demand in the coming years.
Growth Drivers
Rising investments to develop efficient maritime patrol aircraft
The rising government initiatives to empower their defense security and surveillance performance with the investment in research and development activities to innovate customized maritime patrol aircraft are positively influencing the global market. For instance, in November 2023, the Indian Navy entered into a collaboration with the Defense Research and Development Organisation (DRDO) to innovate its own medium-class maritime patrol aircraft. These ongoing development initiatives in the maritime patrol aircraft are expected to drive new growth opportunities during the forecast period.
Increase in technological advancements
The increasing anti-submarine warfare and terrorism activities on a global scale are facilitating the need for efficient maritime patrol aircraft with advanced features. The evolution of artificial intelligence is promoting the advancement of marine defense capabilities.
The utilization of artificial intelligence technologies such as predictive analytics, cybersecurity, environmental monitoring, and communication in submarine defense is expected to show significant opportunities for the maritime patrol aircraft market in the foreseeable future. As per France is French naval maritime patrol in March 2024, the France’s maritime patrol aircraft with multi-mission and artificial intelligence capabilities is anticipated to be functional by 2035.
Restraining Factors
The production complexity and reluctance to adopt new maritime patrol aircraft
The presence of traditional maritime patrol aircraft with sustainable performance among the countries is expected to hinder market growth as it can lower the demand for the newly developed maritime patrol aircraft in the market. Furthermore, the higher production complexity is anticipated to negatively impact the global market in the coming years.
Report Segmentation
The market is primarily segmented based on type, propulsion system, application, mode of operation and region.
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By Type |
By Propulsion System |
By Application |
By Region |
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By Type Analysis
Armored segment is anticipated to witness the highest growth during the forecast period
The armored segment is expected to grow at an optimal CAGR during the projected period, mainly driven by its higher potential in protecting from extreme hostile environments such as gunfire, missiles, and other acts in the maritime. The rising threats to maritime security and the availability of armored maritime patrol aircraft with reasonable costs are enabling countries to prefer armored maritime surveillance systems over traditional unarmored marine patrol aircraft.
The unarmored segment led the industry with a substantial revenue share in 2023, largely attributable to its lower cost, rapid deployment capability, and adoption of rising demand for maritime patrol aircraft for the lower potential threat areas. Furthermore, the lower weight compared to the armored maritime patrol aircraft and enhanced payload capacity are expected to positively drive the growth of this segment in the coming years.
By Application Analysis
Surveillance and Reconnaissance segment accounted for the significant market revenue share in 2023
The surveillance and reconnaissance segment held a significant market share in revenue in 2023, which was highly accelerated due to the continuous rise in threats in the marine sector. Countries are spending significant amount in the development of surveillance and reconnaissance systems, including marine patrol aircrafts, with the grow potential attacks on submarines.
For instance, according to the Indian Navy Report 2023, the Gurugram center witnessed five drone attacks from January to November 2023. These types of threats are encouraging governments to invest in the adoption of effective maritime patrol aircrafts, fueling their demand in the coming years.
Regional Insights
North America region registered the largest share of the global market in 2023
The North America region held the dominant share in 2023.The growth of the market can be largely attributed to the presence of established players in the region. The existence of a strong base in marine patrol aircraft production in North America is the main factor registering the largest share in the global market. For instance, in December 2023, Canada unveiled its move to consume 14 Boeing P-8A multi mission aircraft with the estimated project cost of CA$10.4 billion.
The Asia Pacific region is expected to be the fastest growing region with a healthy CAGR during the projected period, owing to the rising countries efforts to empower marine security. Countries like India are increasing investments to safeguard the marine sector. For instance, in December 2023, the Indian Navy announced its plan to order six new P-81 Poseidon maritime patrol aircraft to enhance its surveillance capabilities in the Indian Ocean region.
According to the marine patrol aircraft forecast, the growing efforts to improve marine security and defense by the nations in the region are driving demand for marine patrol aircraft. For instance, in July 2023, Elbit Systems received a contract from an Asia-Pacific country to provide two ATR 72-600 patrol aircraft with a deal worth USD 114 million.
Key Market Players & Competitive Insights
Strategic partnerships to drive the competition
The maritime patrol aircraft market is characterized by a mix of consolidation and fragmentation driven by the presence of several market players and rising expansion activities. Most market players are showing profound interest in developing sustainable maritime patrol aircraft with the utilization of advanced technologies.
Some of the major players operating in the global market include:
- Airbus SE (Netherlands)
- BAE Systems plc (UK)
- Boeing (US)
- Bombardier Inc. (Canada)
- Dassault Aviation S.A. (France)
- Embraer S.A. (Brazil)
- Gulfstream Aerospace Corporation (US)
- Harbin Aircraft Industry Group Co., Ltd. (China)
- Israel Aerospace Industries Ltd. (Israel)
- Kawasaki Heavy Industries, Ltd. (Japan)
- Leonardo S.p.A. (Italy)
- Lockheed Martin Corporation (US)
- Mitsubishi Heavy Industries, Ltd. (Japan)
- Pilatus Aircraft Ltd. (Switzerland)
- Raytheon Technologies Corporation (US)
Recent Developments in the Industry
- In August 2023, the RAF and Boing entered a collaborative initiative to delve into the sustainable opportunities in the Poseidon MRA1 fleet.
- In December 2023, Indian Coast Guard and Navy announced the plan to equip 15 C-295 Aircraft, a collaborative development from Tata Advanced Systems and Airbus to strengthen maritime surveillance capabilities.
Report Coverage
The maritime patrol aircraft market report emphasizes on key regions across the globe to provide better understanding of the product to the users. Also, the report provides market insights into recent developments, trends and analyzes the technologies that are gaining traction around the globe. Furthermore, the report covers in-depth qualitative analysis pertaining to various paradigm shifts associated with the transformation of these solutions.
The report provides detailed analysis of the market while focusing on various key aspects such as competitive analysis, type, propulsion system, application, mode of operation, and their futuristic growth opportunities.
Maritime Patrol Aircraft Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 6.95 billion |
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Revenue forecast in 2032 |
USD 16.92 billion |
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CAGR |
11.8% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
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Segments covered |
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Regional scope |
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Competitive Landscape |
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Report Format |
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Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
FAQ's
key companies in Maritime Patrol Aircraft Market are Airbus SE, BAE Systems plc, Boeing, Bombardier Inc., Dassault Aviation S.A
Maritime Patrol Aircraft Market exhibiting a CAGR of 11.8% during the forecast period.
The Hyper Personalized Medicine Market report covering key segments are type, propulsion system, application, mode of operation and region.
key driving factors in Maritime Patrol Aircraft Market are Rising investments to develop efficient maritime patrol aircraft
The global maritime patrol aircraft market size is expected to reach USD 16.92 billion by 2032
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