Report Code: A09077 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Maritime Patrol Aircraft Market
Request Now !A Maritime Patrol Aircraft (MPA) is a fixed-wing aircraft designed to be used for long periods over water, especially in the fields of anti-submarine warfare (ASW), anti-ship warfare (AShW), and search and rescue (SAR), and it is also called a marine reconnaissance aircraft. Among other maritime surveillance sources, satellites, ships, unmanaged aircraft, or helicopters, it is an important tool. As far as the ASW role is concerned, they can be flying with sonar buoys and torpedoes at low altitudes. The that threat of terrorism and border issues has led countries to concentrate on improving their maritime surveillance, which can fuel demand in the forecast era.
COVID – 19 Scenario Analysis:Â
More and more military expenditure is expected to promote maritime patrol aircraft market growth during the projected period, driven by growing regional conflicts between the countries. There is an expectation that the market demand is generated by the need to replace aging maritime patrollers which are used beyond their own lives with new and advanced aircraft with increased patrolling capacity and efficiency. Increased marine surveillance aircraft orders and deliveries along with increased use of aircraft as part of operations and their supporting policies and programs for maritime protection boost the maritime patrol aircraft market growth potential. Increased marine surveillance aircraft orders and deliveries along with increased use of aircraft as part of operations and their supporting policies and programs for maritime protection boost the market growth potential. However, the fast-technological developments and continuous changes in government rules and guidelines represent some of the significant challenges for vendors. Furthermore, high initial investment and complexity of production may hinder the market growth.
The Global Maritime Patrol Aircraft market trends are as follows:
The first maritime P-8I Neptune Patrol aircraft will be delivered to the Indian Navy by mid-2020. The delivery is anticipated to be completed by January 2022 for the other 3 maritime patrols P-8I aircraft. COMCASA which, according to the reports, enables P-8I and P-8A Poseidon aircraft to exchange operational intelligence, including a secure Common Tactical Image, has already operationalized in the Indian Navy.Â
Also, a $1.55 billion contract was awarded to Boeing to produce an additional 18 P-8A Poseidon maritime patrol and reconnaissance planes for the U.S. Navy as well as two clients under foreign military sales. It will supply the U.S. Navy with eight Lot 11 P-8A aircraft, four to New Zealand, and six to the Department of Defense, South Korea.
The maritime patrol aircraft market is highly competitive, with a few players responsible for the majority of the revenue. As competition continues to grow, contractors concentrate on acquisitions and joint ventures in the market with the main companies. Furthermore, suppliers focus on the following factors, such as a global presence & occurrence, internal manufacturing expertise, product offerings, investment in R&D, and reliable customer support, to benefit over their competitors. The production of new aircraft by the companies, due to the need for specialized monitoring and recognition alongside anti-submarine warfare and anti-ship warfare capabilities is likely to help them win prominent market positions.
Over the next few years, the rising rivalry between major contractors and subcontractors and the increasing threats to the protection of the sea will improve the global demand for aviation patrolling. Besides, International law states that each country is required to use its ocean borders and is not permitted without permission to cross other nations' regional territorial boundaries. The rising pressure allows highly advanced MPA with ISR technologies to be acquired.
Key benefits of the report:
Questions answered in the Maritime Patrol Aircraft Market research report:
Maritime Patrol Aircraft Market Report Highlights
Aspects | Details |
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By Type |
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By Engine type |
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By Integrated Sensors |
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By Aircraft type |
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By Application |
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By Region |
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Key Market Players | Leonardo S.p.A, Harbin Aircraft Industry Co., Thales Group, Boeing, Saab AB, Kawasaki Heavy Industries, RUAG Group, AVIC., Dassault Aviation, Airbus S.A.S, Embraer S.A., Lockheed Martin Corporation, Textron Inc., BAE Systems plc |
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