Maritime Patrol Aircraft Market 2018 Key Highlights and Future Opportunities by Airbus S.A.S, Boeing, Lockheed Martin, Saab Automobile, BAE Systems, Thales Group,Orbital ATK

Global Maritime Patrol Aircraft Market by Type (Armored and Unarmored), by Aircraft Type (Fixed-wing and Rotary-wing), by Integrated sensors (Radar, Camera, and Others), and by Region - Global Forecast to 2023

Market Scenario

Maritime Patrol Aircraft (MPA) is also recognized as a patrol aircraft or patrol bomber. Maritime patrol aircraft consists of long range and high endurance limits. Due to the increasing territorial and underwater threats, governments are majorly focusing on the defense sector to combat tensions and address sovereign security problems. Due to the growing competition, contractors are focusing on acquisitions and joint ventures with the major companies in this market. In addition, aircraft producers are incorporating different methods to grasp different segments of customers, ranging from larger economies, such as Taiwan and Singapore, to smaller nations with restricted resources, such as Brunei, owing to the rising demand for effective sensor providers.

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Key Players

The key players in the global maritime patrol aircraft market are Airbus S.A.S (France), Boeing (U.S.), Lockheed Martin (U.S.), Saab Automobile AB (Sweden), BAE Systems Inc. (U.K), Embraer S.A. (Brazil), Harbin Aircraft Industry Co., Ltd (China), Leonardo S.p.A (Italy), Thales Group (France), and Orbital ATK Inc. (U.S.)

Competitive Analysis:

The increasing demand for maritime patrol aircraft by various countries is leading to the rise in research and development expenditure by the players in the global maritime patrol aircrafts market in order to introduce advanced and upgraded versions of maritime patrol aircraft in the global market.

On 9th July 2018, The New Zealand government has officially approved the purchase of four Boeing P-8A Poseidon maritime patrol aircraft. The purchase of these U.S.-made aircraft is considered to be one of the most expensive and largest defense procurement programs for the New Zealand Defense Force (NZDF) in recent years.

On 15th July 2018, Pakistan Navy has announced that it has received its first of two ATR-72 maritime patrol aircraft. These ATR-72 MPAs are equipped with self-protection suite to provide defensibility to radar, infrared and laser-guided munitions along with passive electronic intelligence (ELINT) capabilities.

On 20th July 2018, Northrop Grumman Corp. has announced its strategy to upgrade the U.S. Navy MQ-4C Triton, long-range unmanned aerial vehicle (UAV), which is used for maritime patrolling with SIGINT capability to match the Navy’s EP-3 manned SIGINT patrol aircraft. The MQ-4C Triton provides surveillance, real-time intelligence and reconnaissance mission (ISR) over vast coastal and ocean region.

The major challenge in maritime patrol aircraft market is the rising acceptance of strategic bombers. Conventionally, strategic bombers were solely used to drop heavy air-to-ground arsenal onto distance targets for devastating the enemy's attack and confrontation competences in warfare. With changing warfare policies, these bombers are also being progressively used for multi-mission resolves, such as maritime patrol, surveillance, and maritime military movements. In 2016, the U.S. Air Force Global Strike Command (AFGSC) engaged three B-52 Stratofortress bombers to link in the NATO Baltic drills, led at the military airport in the U.K.

The global maritime patrol aircraft market is estimated to witness a CAGR of more than 5% during the forecast period from 2018 to 2023.

Market Segmentation:
The global maritime patrol aircraft market has been segmented on the basis of type, aircraft type, and integrated sensors. Based on type, the maritime patrol aircraft market is segmented into armored and unarmored.
Based on aircraft type, the maritime patrol aircraft market is segmented into fixed-wing and rotary-wing. Based on integrated sensors, the maritime patrol aircraft market is segmented into radar, camera and others.

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