5th Floor, Brigade Towers,
Financial District, Gachibowli,
Hyderabad - 500032,
The Maritime Patrol Aircraft Market is segmented by Type (Jet Engine Aircraft and Turboprop Aircraft) and Geography.
Fastest Growing Market:
The maritime patrol aircraft market is anticipated to register a CAGR of over 3% during the forecast period.
The market study of maritime patrol aircraft include:
|Jet Engine Aircraft|
|Middle East & Africa|
Report scope can be customized per your requirements. Click here.
The jet engine aircraft segment of the market is expected to record the highest CAGR during the forecast period. The demand for this segment is majorly due to the increasing orders and deliveries of the P-8A Poseidon aircraft of Boeing. This aircraft is currently being procured by the naval forces of countries, like the United States, the United Kingdom, South Korea, Australia, and Norway, to replace their aging fleet of turboprop maritime patrol aircraft. This aircraft is derived from the Boeing Next Generation 737-800 aircraft, with long-range anti-surface warfare, anti-submarine warfare and intelligence, and surveillance and reconnaissance mission capabilities. As of January 2019, the company was expected to deliver 111 P-8s to the US Navy, 12 to the Royal Australian Air Force, nine to the Royal Air Force of the United Kingdom, five to Norway, and four to the Indian Navy. The orders and deliveries of the P-8A Poseidon aircraft, and the development of new aircraft, like Saab Swordfish Maritime Patrol Aircraft, are expected to support the growth of this segment during the forecast period.
To understand key trends, Download Sample Report
Asia-Pacific is anticipated to have the highest growth during the forecast period. The increasing military spending, powered by the on-going tensions between the countries in Asia-Pacific, is expected to aid the growth during the forecast period. Additionally, the aging fleet of maritime patrol aircraft is another factor for the countries in this region to procure new aircraft. Countries, like New Zealand, the Philippines, South Korea, Thailand, and India, have placed orders for new maritime patrol aircraft during the past few years. Japan received the delivery of its indigenously developed 15 P-1s, to replace its fleet of P-3C Orions. Owing to the orders and expected deliveries, along with the current territorial issues, the market for marine patrol aircraft in this region is expected to witness strong growth during the forecast period.
To understand geography trends, Download Sample Report.
The market is highly consolidated, with the majority of the share occupied by very few players. Some of the prominent players in the market are The Boeing Company, Lockheed Martin Corporation, Airbus SE, Leonardo SpA, and Textron Inc. With the need for advanced surveillance and reconnaissance, along with anti-submarine warfare and anti-ship warfare capabilities, the development of new aircraft by the companies is expected to help them gain prominent positions in the market. For instance, Saab developed its Swordfish Maritime Patrol Aircraft, based on the twinjet Global 6000 that can be used for intelligence, surveillance, and reconnaissance (ISR), airborne early warning (AEW), and SIGINT missions, along with maritime roles of anti-submarine warfare (ASW) and anti-surface warfare (ASuW).
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Jet Engine Aircraft
5.1.2 Turboprop Aircraft
5.2.1 North America
5.2.2 Latin America
5.2.5 Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Company Profiles
6.2.1 The Boeing Company
6.2.2 Saab AB
6.2.3 Dassault Aviation SA
6.2.4 Lockheed Martin Corporation
6.2.5 Airbus SE
6.2.6 Kawasaki Heavy Industries Ltd
6.2.7 Leonardo SpA
6.2.8 Textron Inc.
6.2.9 RUAG Group
6.2.10 Aviation Industry Corporation of China
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability