IMARC Group’s latest research report, titled “Global Maritime Patrol Aircraft Market Trends: Industry Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
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.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by type, engine type, application and region.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Maritime Patrol Aircraft Market
- Strategies of major players and product offerings
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. 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.
Key Players Included in Global Market Research Report:
- 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.
- The Boeing Company
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COVID-19 Impact Overview:
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.
Market Segmentation:
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
TOC for the Maritime Patrol Aircraft Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Maritime Patrol Aircraft Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
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