The maritime patrol aircraft market size is expected to see strong growth in the next few years. It will grow to $23.07 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to rise in unmanned systems, global expansion of offshore assets, arctic surveillance, environmental monitoring, counter-drone capabilities. Major trends in the forecast period include integration of artificial intelligence (ai), anti-submarine warfare (asw) , integration of network-centric warfare, advanced sensor technologieslong-range and endurance, collaboration and joint operations.
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Segmentation & Regional Insights
The maritime patrol aircraft market covered in this report is segmented –
1) By Type: Armored, Unarmored
2) By Engine Type: Jet Engine Aircraft, Turboprop Aircraft
3) By Integrated Sensors: Radar, Camera, Other Integrated Sensors
4) By Application: Passenger Ships And Ferries, Dry Cargo Vessels, Tankers, Dry Bulk Carriers, Special Purpose Vessels, Service Vessels, Fishing Vessels, Other Applications
Asia-Pacific was the largest region in the maritime patrol aircraft market in 2023. North America is expected to be the fastest-growing region in the global maritime patrol aircraft market during the forecast period. The regions covered in the maritime patrol aircraft market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rise of global threats and terrorism is expected to propel the growth of the maritime patrol aircraft market going forward. Threats and terrorism refer to acts of violence or intimidation carried out by individuals or groups to achieve political, social, or religious goals. Maritime patrol aircraft are used in various warfare situations such as search and rescue, anti-submarine warfare, and anti-surface unit warfare. For instance, in March 2023, according to the Institute for Economics & Peace, a Sydney-based global peace index-producing organization, globally, terrorist attacks became deadlier in 2022, killing on average 1.7 people per attack in 2022 compared to 1.3 deaths per attack in 2021. Therefore, the rise of global threats and terrorism is driving the growth of the maritime patrol aircraft market.
Key Industry Players
Major companies operating in the maritime patrol aircraft market report are The Boeing Company, Saab AB, Lockheed Martin Corporation, Airbus SE, Textron Inc., Dassault Aviation SA, Aviation Industry Corporation of China Ltd., Leonardo S.P.A., Kawasaki Heavy Industries Ltd., BAE Systems plc, Israel Aerospace Industries Ltd., Thales Group, Diamond Aircraft Industries, Antonov Company, Beriev Aircraft Company, Bürkert Fluid Control Systems GmbH, Bombardier Inc., Northrop Grumman Corporation, Parker Hannifin Corporation, Singapore Aerospace Manufacturing Pte Ltd, Stavatti Aerospace Ltd., Tupolev, Taiwan Aerospace Corporation, Watts Water Technologies Inc., Pilatus Aircraft Ltd., CAC Commercial Aircraft Corporation of China Ltd., Chengdu Aircraft Industry Group, Comac Commercial Aircraft Corporation of China Ltd., Xi’an Aircraft Industrial Corporation, Viking Air Limited
The maritime patrol aircraft market report table of contents includes:
1. Executive Summary
2. Maritime Patrol Aircraft Market Characteristics
3. Maritime Patrol Aircraft Market Trends And Strategies
4. Maritime Patrol Aircraft Market – Macro Economic Scenario
5. Global Maritime Patrol Aircraft Market Size and Growth
……………………….
31. Global Maritime Patrol Aircraft Market Competitive Benchmarking
32. Global Maritime Patrol Aircraft Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Maritime Patrol Aircraft Market
34. Maritime Patrol Aircraft Market Future Outlook and Potential Analysis
35. Appendix
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