Maritime Patrol Aircraft Market to be dominated by Surveillance Applications through 2027
The rise in maritime
surveillance activities and integration of novel technologies are driving the
demand for the global maritime patrol aircraft market in the forecast period,
2023-2027.
According to TechSci Research
report, “Maritime Patrol Aircraft Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the global maritime patrol aircraft
market is anticipated to witness steady growth in the forecast period,
2023-2027. Maritime patrol aircraft are widely used by countries with long
coastlines. They are provided with a number of sensors to perform important
functions such as anti-ship warfare, wide-area monitoring, anti-submarine
warfare, and search and rescue operations. The advent of modern dedicated
maritime patrol aircraft and the availability of low-cost upgrade options to
add extra features in features is driving the market demand.
However, the availability of
low-cost alternatives such as surveillance costs and the growing preference for
unmanned aerial vehicles may restrain the global maritime patrol aircraft
market growth in the forecast period.
Browse over XX market
data Figures spread through 110 Pages and an in-depth TOC on "Global
Maritime Patrol Aircraft Market"
The global maritime patrol
aircraft market is segmented into type, engine type, aircraft type,
application, regional distribution, and competitive landscape.
Based on type, the market is
divided into armoured and unarmoured. Armoured maritime patrol aircraft are
expected to dominate the market over the next five years owing to the
increasing integration of advanced technologies and weapons by the market
players in maritime patrol aircraft.
Based on engine type, the
market is divided into jet engine aircraft and turboprop aircraft. Turboprop
aircraft are expected to witness the fastest incremental growth in the forecast
period as maritime patrol aircraft using turbofan engines have wider endurance
and high operational efficiency. Due to the growing emphasis on global warming
and restrictions on the level of carbon emissions into the environment,
new-generation turbofan maritime patrol is expected to witness massive demand
across the globe. Nations are working on increasing their maritime capabilities
and are undertaking several procurement and modernization programs to upgrade
the existing structure of the defense sector.
Based on aircraft type, the
market is bifurcated into fixed-wing and rotary-wing. The fixed-wing aircraft
type is expected to capture the highest market share in the forecast period
owing to the modernization of the existing air-borne defense system. Also, the
expansion of the existing air force fleet and surge in the defense budget for
combat aircraft influence market demand.
Based on application, the
market is divided into surveillance, reconnaissance, situational awareness, and
others. Surveillance applications are expected to hold the largest market share
in the forecast period. Maritime patrol aircraft are used by the defense sector
for intelligence gathering, border patrol, airspace surveillance, and
battlefield surveillance, amongst others. The increased need to secure the
country's border is expected to fuel the demand for surveillance activities
among the leading authorities.
Major market players
operating in the global maritime patrol aircraft market are:
·
Airbus
S.A.S
·
Embraer
S.A.
·
The
Boeing Company
·
Thales
Group
·
Kawasaki
Heavy Industries
·
Leonardo
S.p.A
·
Lockheed
Martin Corporation
·
Harbin
Aircraft Industry Co.
·
Saab
AB
·
BAE
Systems plc
Download Free Sample Report
Customers can
also request for 10% free customization on this report.
“The Asia-pacific region is
expected to hold a major market share in the forecast period owing to the
high-end defense expenditure by key countries like India, China, and Japan. The
rise in the focus of government authorities to strengthen coastline borders to counter-terrorism
activities and the need to replace the aging maritime patrol aircraft is acting
as a positive factor for the global maritime patrol aircraft market. Also, the
set-up of maritime patrol aircraft manufacturing facilities by public and private
players such as in China and Japan and acquisition from other countries by
Asian countries due to the unavailability of sufficient technologies is
expected to propel the growth of the global maritime patrol aircraft market
till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Maritime Patrol Aircraft
Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,
2017-2027, Segmented By Type (Armoured, Unarmoured), By Engine Type (Jet Engine
Aircraft, Turboprop Aircraft), By Aircraft Type (Fixed-Wing, Rotary-Wing), By
Application (Surveillance, Reconnaissance, Situational Awareness, Others), and
By Region”, has evaluated the future growth
potential of global maritime patrol aircraft market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global maritime patrol aircraft market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com