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The latest report on Maritime Patrol Aircraft Market by Infinium Global Research gives complete coverage of the Maritime Patrol Aircraft Market by type (armored, and unarmored), aircraft type (fixed-wing, and rotary-wing) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and applications trends in the regional markets of Maritime Patrol Aircraft such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.

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Growth of The Maritime Patrol Aircraft Market

The aircraft industry has been mainly driven by the military and defense sector. The aircraft have found application in military and defense for numerous purposes. Maritime patrolling is one of the significant applications of aircraft. The maritime patrol aircraft patrols and guards the boundaries and remote areas of the countries. The maritime patrol aircraft market is highly competitive with the number of market players competing with each other for their share of the market.

The key market players including Airbus S.A.S, Boeing Company, Lockheed Martin Corporation, Leonardo S.p.A., BAE Systems Inc. are focusing on the development of advanced aircraft. In 2018, Saab Automobile AB launched its high-tech maritime patrol aircraft Swordfish MPA, which has strategic intelligence, surveillance and reconnaissance capabilities over both sea and land.

The rise in territorial and undersea threats is the major driving factor for the growth of the maritime patrol aircraft market. The South China Sea dispute is one of the major border threats, which increase the demand for maritime patrol aircraft in countries such as Malaysia, Taiwan, the Philippines, Brunei, Vietnam, and others. Moreover, the growing competition among major contractors and sub-contractors augment the growth of the maritime patrol aircraft market.

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Martin Corporation in The Region Is Anticipated to Boost the Growth of Maritime Patrol Aircraft Industry

Furthermore, the increase in government spending on military and defense has augmented the demand for maritime patrol aircraft. The US Navy alone bought about 100 Boeing P-8A Poseidon aircraft in 2018. However, the rising adoption of strategic bombers for patrolling is expected to hamper the growth of the maritime patrol aircraft market. Nevertheless, the rise in in-house manufacturing capabilities has posed lucrative business opportunities for the players in the market.

In terms of region, North America dominates the maritime patrol aircraft market, accounting for the highest market share among the regions. The growth of North America’s maritime patrol aircraft market attributes to the rise in the investment by the US Department of Defense (DoD) for the research and development programs to develop advanced maritime patrol aircraft market. Moreover, the presence of the leading manufacturers including the Boeing Company and Lockheed Martin Corporation in the region is anticipated to boost the growth of maritime patrol aircraft market in North America.

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Reasons to Buy this Report:

  • Comprehensive analysis of global as well as regional markets of the Maritime Patrol Aircraft.
  • Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
  • Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
  • Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.