Maritime Patrol Aircraft Market Size Worth $ 16.92 Billion By 2032 | CAGR: 11.8%

The global maritime patrol aircraft market size is expected to reach USD 16.92 billion by 2032, according to a new study by Polaris Market Research. The report “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, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The rising concerns about maritime safety driven by increasing global trade activities through the sea as a medium of transport due to its cost-effectiveness and ability to load larger goods are contributing to the significant demand for maritime patrol aircraft in the marketplace.

The ongoing Russia-Ukrainian war and the Israel-Hamas war are globally promoting investment in the defense and maritime sectors. These wars are causing huge losses to international trade, driven by growing attacks on maritime. This trend is expected to drive demand for maritime patrol aircraft in the global space.

The establishment of measures by the International Maritime Organization to control greenhouse gas emissions and promote energy efficiency in the sector is empowering nations to acquire the most advanced maritime patrol aircraft in the world.

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The increasing number of initiatives by countries to adopt advanced maritime patrol aircraft to enhance their defense capacity and encounter potential threats is expected to create new growth opportunities for the global maritime patrol aircraft market in the coming years. For instance, in December 2023, Spain ordered 16 new Airbus C295 aircraft for surveillance and maritime patrol with an investment of $1.9 billion.

The rising importance of promoting maritime surveillance systems with a view to anticipating potential war strategies by other nations and saving their citizens along with their resources is showing tremendous growth potential for the maritime patrol aircraft market. Furthermore, the growing emphasis on fuel efficiency in patrol aircraft is driving demand for innovations in the global market. For instance, in September 2023, Air Canada placed the order to purchase 18 Boeing 787-10 Dreamliner aircraft as a part of renewal and fuel efficiency operations.

Moreover, the increasing efforts by governments to improve their operational capacity in defense and maritime surveillance systems are positively influencing market demand. For instance, in June 2023, at the Langkawi International Maritime and Aerospace Exhibition, the Malaysian Ministry of Defense announced a contract with an aerospace and defense company, Leonardo, to obtain two ATR 72 maritime patrol aircraft platforms.

Maritime Patrol Aircraft Market Report Highlights

• Armored segment is anticipated to witness the highest growth in the coming years due to its ability to provide higher security in safeguarding against hostile threats.
• Jet engine segment accounted for the largest market share owing to its long endurance operational efficiency.
• The surveillance and reconnaissance segment accounted to held largest revenue share due to rising marine warfare and increasing maritime threats in the Middle East region.          
• Asia Pacific is projected to register the fastest growth during the forecast period, attributable to self-sufficiency initiatives in defense.
• The global players include Airbus SE, BAE Systems plc, Boeing, Bombardier Inc., Dassault Aviation S.A., Embraer S.A., Gulfstream Aerospace Corporation, and others.

Polaris Market Research has segmented the maritime patrol aircraft market report based on type, propulsion system, application, mode of operation and region:

Maritime Patrol Aircraft, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Armored
• Unarmored

Maritime Patrol Aircraft, Propulsion System Outlook (Revenue - USD Billion, 2019 - 2032)

• Jet Engine
• Electric Propulsion

Maritime Patrol Aircraft, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Surveillance and Reconnaissance
• Combat Support
• Search and Rescue
• Coastal Patrolling

Maritime Patrol Aircraft, Mode of Operation Outlook (Revenue - USD Billion, 2019 - 2032)

• Manned
• Unmanned

Maritime Patrol Aircraft, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Rest of APAC
• Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of LA
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of MEA

Maritime Patrol Aircraft Market Report Scope