Maritime Patrol Aircraft Market - Growth, Trends, COVID-19 Impact, and Forecast (2022 - 2031)

The Maritime Patrol Aircraft Market is Segmented by Type (Turbofan, Turboprop) and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa). The report offers market size and forecast for all the above segments in value (USD billion).

Market Snapshot

Maritime Patrol Aircraft Market Size
Study Period: 2018-2031
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: Asia Pacific
CAGR: >5 %

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Market Overview

The maritime patrol aircraft market is anticipated to register a CAGR of over 5% during the forecast period.

The COVID-19 pandemic impacted the supply chain of certain aircraft programs, which resulted in delivery delays in 2020. However, the situation improved in 2021 for several manufacturers across the world. On the other hand, no visible impact was noted on the orders placed by various naval forces globally.

The increasing threat of terrorism and border issues led the countries to strengthen their maritime surveillance, which may propel the demand for maritime patrol aircraft during the forecast period. The increasing military spending, fueled by the growth of territorial conflicts between the countries, has been one of the prime drivers of the market’s growth over the years.

Also, the need to replace aging maritime patrol aircraft used beyond their lifetimes with new and advanced aircraft that have greater patrolling capabilities and can perform anti-submarine and anti-surface warfare is expected to generate demand for the maritime patrol aircraft during the forecast period.

However, the availability of surveillance drones as low-cost alternatives and the growing preference for such UAVs can hamper the market's growth during the forecast period.

Scope of the Report

Maritime patrol aircraft are crucial for nations with long coastlines. Modern patrol aircraft with multirole capabilities have become important assets for the global naval forces over the years. Maritime patrol aircraft are typically fitted with a wide range of sensors to perform wide-area monitoring, anti-submarine warfare (ASW), anti-ship warfare (AShW), and search and rescue (SAR) operations. While the demand for modern dedicated maritime patrol aircraft has increased, countries have been preferring low-cost upgrade options to obtain added features for their existing aircraft fleets.

The maritime patrol aircraft market is segmented by engine type and region. For each segment, the market size and forecast are provided by value (USD billion).

Engine Type
Turbofan
Turboprop
Geography
North America
United States
Canada
Europe
United Kingdom
France
Germany
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle-East and Africa
Turkey
United Arab Emirates
Rest of Middle-East and Africa

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Key Market Trends

Turbofan Segment to Experience the Highest Growth During the Forecast Period

The turbofan segment is anticipated to have the highest growth in the maritime patrol aircraft market during the forecast period. Maritime patrol aircraft (MPA) driven by turbofan engines have larger endurance due to lower fuel burn rates. Hence, they have higher engine efficiency than their turboprop counterparts. Although the current market demand for new-generation turbofan-powered MPAs is comparatively much lower than that of turboprop MPAs, the adoption is expected to be higher during the forecast period due to the evolving regulations about aviation carbon emissions on a global scale. Moreover, several procurements and modernization programs are underway as nations with naval boundaries seek to enhance their maritime ISR capabilities. 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. In February 2022, Boeing delivered the 12th P-8I maritime patrol aircraft to the Indian Navy. The fleet is being operated by the Indian Navy primarily to carry out surveillance in the Indian Ocean. Also, in 2020, a USD 1.5 billion contract was awarded to Boeing to produce an additional 18 P-8A Poseidon maritime patrol and reconnaissance aircraft for the US Navy and two clients under foreign military sales. It will supply the US Navy with eight Lot 11 P-8A aircraft, four to New Zealand and six to the Department of Defense, South Korea. Thus, 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.

Maritime Patrol Aircraft Market Revenue Share

Asia-Pacific Accounted for a Major Market Share in 2021

China, Japan, and India are the key markets for maritime patrol aircraft in Asia-Pacific. Increasing military spending, fuelled by ongoing tensions between Asia-Pacific countries, is expected to help the market's growth during the forecast period. The governments in the region are purchasing new aircraft due to the aging fleet of maritime patrol aircraft. Japan received 15 P-1s to replace its fleet of P-3C Orions, which were developed in-house. China also initiated mass production of special mission aircraft, including early warning aircraft, anti-submarine aircraft, electronic warfare aircraft, surveillance aircraft, and a range of warplanes. Once the manufacturing capabilities are achieved, China plans to establish a full information system to increase self-reliance. In November 2021, Y-8Q – China unveiled the first independently developed and manufactured fixed-wing anti-submarine patrol aircraft. This variant of China's Y-8 transport plane integrates reconnaissance, analysis, and attack capabilities. It is mainly used for accurately seeking and attacking enemy submarines. The introduction of the Y-8Q will enhance the People's Liberation Army's overall anti-submarine warfare and maritime patrol capabilities. Also, countries like India and Australia are acquiring P-8 Maritime Patrol Aircraft from the US company Boeing to develop and strengthen their capabilities in the wake of the current territorial issues, which may drive the growth of the marine patrol aircraft market in the region during the forecast period.

Maritime Patrol Aircraft Market Analysis

Competitive Landscape

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 Boeing, Lockheed Martin Corporation, Airbus SE, Dassault Aviation SA, and Textron Inc. With the need for advanced surveillance and reconnaissance and anti-submarine warfare and anti-ship warfare capabilities, the development of new maritime patrol aircraft variants by the OEMs and modifications companies is expected to help them gain prominent positions in the market. For instance, in February 2021, PAL Aerospace and De Havilland Aircraft of Canada Limited (“De Havilland Canada”) announced their partnership to develop a fully missionized Dash 8-400 aircraft, called the “Dash 8 P-4” for maritime patrol (MPA), ISR, as well as other applications. With the growing demand for anti-surface warfare and anti-submarine warfare, countries are expected to upgrade MPA’s radars, sensor system, and multifunctional digital screen, which can search, detect, and collate stored data and automatically capture and track enemy warships. Due to this factor, companies are enhancing their maintenance and upgrading capabilities. Moreover, in collaboration with governments, companies are investing in the development of new-generation manned maritime patrol aircraft equipped with modern surface ship and submarine detection systems.

Recent Developments

  • In February 2022, Boeing announced the delivery of the 12th P-8I maritime patrol aircraft to the Indian Navy. The MPA can be used for disaster relief and humanitarian operations and has antisubmarine warfare (ASW) capabilities. Boeing also provides the Indian Navy flight personnel with P-8I training, spare parts and field service representative assistance, and ground support equipment.
  • In December 2021, the French Defense Procurement Agency DGA took delivery of the sixth Atlantique 2 (ATL2) maritime patrol aircraft. This aircraft is equipped with technologies like the new search master radar, which utilizes Thales’ active antenna technology developed for the Rafale.
  • In July 2021, Germany announced that it would purchase five Boeing P-8A maritime patrol aircraft for about USD 1.31 billion (EUR 1.1 billion). According to Germany, the procurement serves the urgent need to maintain a capability for long-range maritime reconnaissance and airborne submarine-hunting.
  • In October 2021, the Indian Navy received the 11thanti-submarine warfare aircraft P-8I from Boeing. The Ministry of Defence had first signed a contract for eight P-8I aircraft in 2009. Later, in 2016, it signed a contract for four additional P-8I aircraft.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

    3. 1.3 Currency Conversion Rates for USD

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Size and Forecast, Global, 2018 - 2031

    2. 3.2 Market Share by Engine Type, 2021

    3. 3.3 Market Share by Geography, 2021

    4. 3.4 Structure of the Market and Key Participants

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Buyers/Consumers

      2. 4.4.2 Bargaining Power of Suppliers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size and Forecast by Value - USD billion, 2018 - 2031)

    1. 5.1 Engine Type

      1. 5.1.1 Turbofan

      2. 5.1.2 Turboprop

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

      2. 5.2.2 Europe

        1. 5.2.2.1 United Kingdom

        2. 5.2.2.2 France

        3. 5.2.2.3 Germany

        4. 5.2.2.4 Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 China

        2. 5.2.3.2 India

        3. 5.2.3.3 Japan

        4. 5.2.3.4 Australia

        5. 5.2.3.5 Rest of Asia-Pacific

      4. 5.2.4 Latin America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Rest of Latin America

      5. 5.2.5 Middle-East and Africa

        1. 5.2.5.1 Turkey

        2. 5.2.5.2 United Arab Emirates

        3. 5.2.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 The Boeing Company

      2. 6.2.2 Saab AB

      3. 6.2.3 Dassault Aviation SA

      4. 6.2.4 Lockheed Martin Corporation

      5. 6.2.5 Airbus SE

      6. 6.2.6 Kawasaki Heavy Industries Ltd

      7. 6.2.7 Leonardo SpA

      8. 6.2.8 Textron Inc.

      9. 6.2.9 RUAG International Holding Ltd

      10. 6.2.10 Israel Aerospace Industries Ltd

      11. 6.2.11 Diamond Aircraft Industries

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Maritime Patrol Aircraft Market market is studied from 2018 - 2031.

The Maritime Patrol Aircraft Market is growing at a CAGR of >5% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2021.

The Boeing Company, Lockheed Martin Corporation, Airbus SE, Textron Inc., Dassault Aviation SA are the major companies operating in Maritime Patrol Aircraft Market.

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