Press release
Maritime Patrol Aircraft Market Size, Key Players, Trend Analysis, Growth And Forecast To 2033
Maritime Patrol Aircraft Market Analysis
The Business Research Company offers in-depth market insights through Maritime Patrol Aircraft Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The maritime patrol aircraft market size has grown strongly in recent years. It will grow from $17.27 billion in 2023 to $18.2 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to geopolitical tensions, search and rescue operations, illegal fishing monitoring, naval fleet support, humanitarian assistance, multi-mission capabilities.
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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Market Segmentation:
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
Major Driver - Global Security Concerns Fuel Growth In Maritime Patrol Aircraft Market
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.
Competitive Landscape:
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
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Top Trend - Adoption Of Advanced Technologies Reshaping The Maritime Patrol Aircraft Market
Technological advancements are a key trend gaining popularity in the maritime patrol aircraft market. Companies operating in the maritime patrol aircraft market are adopting new technologies to sustain their position in the market. For instance, in March 2023, PAL Aerospace Ltd., a Canada-based international aerospace company, unveiled the new Bombardier Global 6500-based P-6 multi-mission maritime patrol aircraft. The Bombardier Global 6500 platform is integrated with next-generation mission system software. This software is capable of providing computer vision and space-based data in one operating frame.
The Table Of Content For The Market Report Include:
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. Maritime Patrol Aircraft Market Size And Growth
…..
27. Maritime Patrol Aircraft Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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