Maritime Patrol Aircraft Market

Maritime Patrol Aircraft Market Research Global Report - Forecast till 2025
Maritime Patrol Aircraft
Market Research Global
Report - Forecast till 2025
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Maritime Patrol Aircraft Market Research Global Report - Forecast till 2025
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Maritime Patrol Aircraft Market Research Global Report - Forecast till 2025
Summary:
Market Research Future (MRFR)’s study reveals that the global maritime patrol aircraft market is projected to strike
a CAGR of 5% during the forecast period 2018 to 2023.
Market Overview:
The constant focus on the defense sector by the governments for countering the increasing territorial and underwater
threats is expected to dominate the growth trajectory of the market.
The competitive landscape of the market represents robust competition at present. Key players are projected to
capitalize on growth strategies such as mergers & acquisitions, collaborations, and partnerships among others for
gaining a competitive edge over competitors. This, in turn, has been prognosticated to have a positive influence on
the expansion of the maritime patrol aircraft market.
The market is subject to constant technological innovations and is rapidly gaining popularity across the world. An
upsurge in demand is forecasted to be witnessed in the maritime patrol aircraft market through the assessment period.
On the flip side, the rising acceptance of strategic bombers for multi-mission resolves such as surveillance, maritime
patrol, and maritime military movements stand as a challenge to the key vendors.
Segmentation:
By type, the global maritime patrol aircraft market has been segmented into armored and unarmored.
By aircraft type, the maritime patrol aircraft market has been segmented into fixed-wing and rotary-wing.
By Integrated sensors, the global maritime patrol aircraft market has been segmented into radar, camera, and
others.
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Maritime Patrol Aircraft Market Research Global Report - Forecast till 2025
Regional Analysis:
The global maritime patrol aircraft market, by region, has been segmented into North America, Europe, Asia
Pacific, South America, and the Middle East & Africa. Asia Pacific signifies tremendous growth potential and is
expected to witness significant expansion of the market. The border dispute regarding oil reserves of the South
China Sea is likely to fuel demand for maritime patrol aircraft in the region. The Royal Malaysian Air Force
(RMAF) has already indicated its intention of buying these aircrafts at the earliest. Other countries such as Taiwan,
Australia, Brunei, the Philippines, Vietnam, etc. are likely to exhibit a similar trend over the assessment period.
This, in turn, is poised to augment the maritime patrol aircraft market in the region.
North America is expected to play an important role in the expansion of the global maritime patrol aircraft market
in the forthcoming years. The region is forecasted to emerge as a key producer and exporter of these aircraft.
Furthermore, the U.S. is anticipated to participate in the arbitration of the South China Sea dispute. It is presumed
to favor the proliferation of the maritime patrol aircraft market in the region.
Competitive Dashboard:
Airbus S.A.S (France), Lockheed Martin (U.S.), Saab Automobile AB (Sweden), Boeing (U.S.), BAE Systems Inc.
(U.K), Harbin Aircraft Industry Co., Ltd (China), Embraer S.A. (Brazil), Thales Group (France), Leonardo S.p.A
(Italy), and Orbital ATK Inc. (U.S.) are some of the key players profiled in this MRFR report.
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Maritime Patrol Aircraft Market Research Global Report - Forecast till 2025
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Global Maritime Patrol Aircraft Market Research Report: Information by Type (Armored and Unarmored), Integrated Sensors (Radar, Camera and others), Aircraft Type (Fixed-Wing and Rotary-Wing) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2025

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