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Maritime Patrol Aircraft Market Trends

  • Report ID: GMI4666
  • Published Date: Sep 2023
  • Report Format: PDF

Maritime Patrol Aircraft Market Trends

The maritime patrol aircraft market is experiencing several prominent market trends. There is a growing emphasis on technological advancements and enhanced sensor technologies & automation are revolutionizing maritime surveillance capabilities. The demand for longer endurance and extended operational ranges is growing, driven by the need to cover vast maritime areas. The emergence of unmanned MPA systems is reshaping the market, offering cost-effective and versatile options. There is also a heightened focus on anti-submarine warfare capabilities, given the evolving underwater threats.

 

Export control regulations and international collaboration are also shaping the market dynamics, affecting procurement and development strategies. Overall, these trends are driving innovation and adaptation in the maritime patrol aircraft market to meet the security & surveillance needs.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of maritime patrol aircraft was reached USD 16.2 billion in 2022 and will witness over 5.5% CAGR from 2023 to 2032, owing to the rising need for maritime security and the surge in security threats, such as piracy, drug trafficking, smuggling, and illegal fishing.

The turboprop engine segment exceeded USD 9 billion in 2022, driven by unique combination of efficiency, endurance, and versatility.

Asia pacific recorded over 30% share of the maritime patrol aircraft industry in 2022, due to the presence of largest defense budgets and the strong commitment to technological advancement in defense in the region.

Airbus S.A.S, AVIC, BAE Systems plc, Boeing, Dassault Aviation, Embraer S.A., Harbin Aircraft Industry Co., Kawasaki Heavy Industries, Leonardo S.p.A., Lockheed Martin Corporation, RUAG Group, Saab AB, Textron Inc., and Thales Group.

Maritime Patrol Aircraft Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 14
  • Tables & Figures: 344
  • Countries covered: 22
  • Pages: 250
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