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
Global 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 a CAGR of 11.8% during the forecast period.
Market Overview
The increasing border issues among nations and the rising investments in the defense sector by governments are likely to propel the demand for maritime patrol aircraft around the world. In current market trends, improving defense security is becoming a primary concern with a view to promoting population safety and enhancing measures for potential threats from neighboring countries.
- For instance, in September 2023, the Australian Defence Force (ADF) announced its plan to purchase the 4th MQ-4C Triton Unmanned Aerial System (UAS) and modernize its P-8A Poseidon maritime patrol aircraft fleet with a contract value of $968.5 million.
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Moreover, the existence of more maritime patrol aircraft for a longer period is necessitating the adoption of new and advanced maritime surveillance aircraft by the countries. This shift towards equipping effective maritime patrol aircraft is expected to boost market growth in the coming years.
However, the higher costs of maritime patrol aircraft are expected to create difficulties among the low-income population 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 is driving the growth of market
The rising government initiatives to empower their defense security and surveillance performance with the investment in research and cell activities to innovate customized maritime patrol aircraft are positively influencing market growth. For instance, in November 2023, the Indian Navy entered a collaboration with the Defense Research and Development Organization (DRDO) to innovate its own medium-class maritime patrol aircraft. This type of development in the field of maritime patrol aircraft is expected to drive new developments during the forecast period.
An increase in technological advancements in surveillance aircraft is boosting the market growth
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.
Restraining Factors
The production complexity and reluctance to adopt new maritime patrol aircraft
The presence of traditional maritime patrol aircraft with superior performance among developing nations is hindering 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 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 Mode of Operation |
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 anticipated to witness the highest growth during the forecast period, mainly driven by its higher potential to protect from extremely hostile environments such as gunfire, missiles, and other activities in the maritime regions. 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 un-armored marine patrol aircraft.
The unarmored segment led the industry market with a substantial market 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 Propulsion Type Analysis
Jet engine segment held the largest market share in 2023
The jet engine held the largest market share in 2023. The need for efficient and superior surveillance competence for rapid response marine operations is one of the contributing factors driving the demand for jet engine-based marine patrol aircraft in the marketplace.
The electric propulsion segment is expected to grow at the fastest rate over the next few years on account of the rapid shift towards the adoption of sustainable energy, which is likely to stimulate the adoption of electric-based marine patrol aircraft in the study period.
By Application Analysis
Surveillance and reconnaissance segment accounted for a significant market revenue share in 2023
The surveillance and reconnaissance segment accounted for a significant market size in 2023 due to the continuous rise in threats in the marine segment. As countries are witnessing potential attacks on submarines, they are investing more funds in surveillance and reconnaissance systems, including maritime patrol aircraft.
For instance, according to the Ministry of Defence, in December 2023, a projectile likely to be a missile/drone attacked MT Chem Pluto commercial oil ship in the region of the Arabian Sea. The presence of the Indian Navy and its reconnaissance capabilities has allowed it to deliver the help.
Coastal patrolling and search and rescue segments are likely to witness significant growth in the forecast timeframe, attributable to the ability of marine patrol aircraft to assist nations in planning rescue operations in time and safeguarding coastal areas.
By Mode of Operation Analysis
Manned segment registered the dominant share in the global market in 2023
The manned segment is expected to witness significant growth in the coming years, driven by the presence of experienced professionals in monitoring marine patrol operations and their ability to improve decision-making processes based on prevailing conditions.
Meanwhile, the unmanned segment is likely to create significant growth opportunities for the marine patrol aircraft market due to the adoption of artificial intelligence and its ability to save resources at the time of malfunction.
Regional Insights
North America region registered the largest share of the global market in 2023
The North America region registered the largest share of the global market in 2023. The region's growth 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 the region is the main factor registering the largest revenue in the global market outlook.
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' interest in empowering marine security. Countries like India are increasing efforts to develop security in 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 Asian country to provide two ATR 72-600 patrol aircraft with a deal worth $114 million.
Key Market Players & Competitive Insights
Strategic partnerships to drive the competition
The maritime patrol aircraft market insights are 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. For instance, in August 2023, the RAF and Boing entered a collaborative initiative to delve into the sustainable opportunities in the Poseidon MRA1 fleet.
Some of the major players operating in the global market report 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 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 key regions across the globe to provide a better understanding of the product to the users. Also, the market research report provides market insights into recent developments and market trends and analyzes the technologies that are gaining traction around the globe. Furthermore, the market research report covers an in-depth qualitative market analysis pertaining to various paradigm shifts associated with the transformation of these solutions.
The report provides a detailed market analysis of the market outlook while focusing on various key aspects such as competitive analysis, type, propulsion system, application, mode of operation, and 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
