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Global Maritime Patrol Aircraft Market Share, Forecast: By Engine Type: Turbofan, Turboprop; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Maritime Patrol Aircraft Market Outlook
The global maritime patrol aircraft market is expected to grow at a CAGR of 6.5% in the forecast period of 2024-2032.
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Turbofan Segment to Account for a Substantial Market Share of the Global Maritime Patrol Aircraft Industry
Based on engine type, the turbofan segment is predicted to hold a substantial market share of the global maritime patrol aircraft industry. This growth can be attributed to the high endurance and low fuel burn rate offered by turbofan engines. In addition, these engines have high operational efficiency. Moreover, the regulations pertaining to the reduction of carbon emissions are also expected to increase the demand for maritime patrol aircraft with turbofan engines. In addition, a turbofan engine increases acceleration while decreasing the takeoff roll and improving initial climb performance. It also has the effect of decreasing specific fuel consumption. These factors are expected to significantly contribute to the industry growth.
The Asia Pacific to Occupy a Considerable Market Share in the Global Maritime Patrol Aircraft Industry
The Asia Pacific is estimated to hold a considerable share of the maritime patrol aircraft industry in the forecast period. This growth can be attributed to the heightened military expenditure by the countries in the region. In addition, the increasing threats of terrorist activities are motivating the governments to exceedingly invest in the coastline protection of nation. Moreover, the ongoing tensions across international borders are also driving the demand for maritime patrol aircraft in the region, which is predicted to positively contribute to the industry growth.
Maritime Patrol Aircraft: Market Segmentation
Maritime patrol aircraft, also known as reconnaissance aircraft, is a fixed-wing aircraft constructed to function for a long duration over water in maritime patrol roles such as in surveillance and search and rescue operations, among others. The aircraft are built to detect nearby threats, take necessary actions, and be deployed in anti-submarine and anti-surface warfare activities. In addition, these aircraft are known for their large frames. Moreover, maritime patrol aircraft are essential for countries with long coastlines.
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By engine type, the market is divided into:
- Turbofan
- Turboprop
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Heightened Investments in the Defence Sector to Augment the Growth of the Global Maritime Patrol Aircraft Industry
The rising investments in the defence sector in major parts of the world due to the increasing threats of terror across borders are estimated to drive the market growth in the coming years. According to the statistics provided by the Stockholm International Peace Research Institute, the world military expenditure was USD 1981 billion in 2020, which witnessed a 2.6% increase from 2019. Among these, 62% of the total expenditure was carried out by the United States, China, India, Russia, and the United Kingdom. Moreover, the need to replace ageing aircraft with advanced and better-equipped aircraft having modern technological specifications is also contributing to the demand for maritime patrol aircraft. For instance, in July 2021, the leading aircraft manufacturer Boeing delivered the 10th long-range maritime reconnaissance anti-submarine warfare aircraft to the Indian Navy. This multi-mission P-8I aircraft replaced the ageing fleet of the Indian Navy’s Tupolev Tu-142 aircraft. Such developments are estimated to significantly contribute to the market growth.
Key Industry Players in the Global Maritime Patrol Aircraft Market
The report gives a detailed analysis of the following key players in the global maritime patrol aircraft market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- The Boeing Company
- Saab AB
- Dassault Aviation SA
- Lockheed Martin Corporation
- Airbus SE
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Engine Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Maritime Patrol Aircraft Market Analysis
8.1 Key Industry Highlights
8.2 Global Maritime Patrol Aircraft Historical Market (2018-2023)
8.3 Global Maritime Patrol Aircraft Market Forecast (2024-2032)
8.4 Global Maritime Patrol Aircraft Market by Engine Type
8.4.1 Turbofan
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Turboprop
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Maritime Patrol Aircraft Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Maritime Patrol Aircraft Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Maritime Patrol Aircraft Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Maritime Patrol Aircraft Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Maritime Patrol Aircraft Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Maritime Patrol Aircraft Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 The Boeing Company
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Saab AB
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Dassault Aviation SA
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Lockheed Martin Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Airbus SE
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Maritime Patrol Aircraft Market: Key Industry Highlights, 2018 and 2032
2. Global Maritime Patrol Aircraft Historical Market: Breakup by Engine Type (USD Billion), 2018-2023
3. Global Maritime Patrol Aircraft Market Forecast: Breakup by Engine Type (USD Billion), 2024-2032
4. Global Maritime Patrol Aircraft Historical Market: Breakup by Region (USD Billion), 2018-2023
5. Global Maritime Patrol Aircraft Market Forecast: Breakup by Region (USD Billion), 2024-2032
6. North America Maritime Patrol Aircraft Historical Market: Breakup by Country (USD Billion), 2018-2023
7. North America Maritime Patrol Aircraft Market Forecast: Breakup by Country (USD Billion), 2024-2032
8. Europe Maritime Patrol Aircraft Historical Market: Breakup by Country (USD Billion), 2018-2023
9. Europe Maritime Patrol Aircraft Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Asia Pacific Maritime Patrol Aircraft Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Asia Pacific Maritime Patrol Aircraft Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Latin America Maritime Patrol Aircraft Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Latin America Maritime Patrol Aircraft Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Middle East and Africa Maritime Patrol Aircraft Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Middle East and Africa Maritime Patrol Aircraft Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Global Maritime Patrol Aircraft Market Structure
Key Questions Answered in the Report
The global maritime patrol aircraft market is projected to grow at a CAGR of 6.5% between 2024 and 2032.
The major drivers of the industry, such as the increased threats of terror across borders, the growing demand for coastline protection, the heightened demand to replace the ageing aircrafts with new technologies, and rapid investments being made by the governments, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the increased investments in the defence sector by major countries across the globe.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant engine types of maritime patrol include turbofan and turboprop.
The major players in the industry are The Boeing Company, Saab AB, Dassault Aviation SA, Lockheed Martin Corporation, and Airbus SE, among others.
Analyst Review
The global maritime patrol aircraft market is driven by the increased investments in the defence sector globally. Aided by the rapid technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 6.5%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By engine type, the maritime patrol aircraft industry can be divided into turbofan and turboprop. The major regional markets for maritime patrol aircraft are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include The Boeing Company, Saab AB, Dassault Aviation SA, Lockheed Martin Corporation, and Airbus SE, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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