Maritime Patrol Aircraft Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Maritime Patrol Aircraft Industry Overview

The market is highly consolidated, with the majority of the share occupied by very few players. Some of the prominent players in the market are Boeing, Lockheed Martin Corporation, Airbus SE, Dassault Aviation SA, and Textron Inc. With the need for advanced surveillance and reconnaissance and anti-submarine warfare and anti-ship warfare capabilities, the development of new maritime patrol aircraft variants by the OEMs and modifications companies is expected to help them gain prominent positions in the market. For instance, in February 2021, PAL Aerospace and De Havilland Aircraft of Canada Limited ('De Havilland Canada') announced their partnership to develop a fully missionized Dash 8-400 aircraft, called the 'Dash 8 P-4' for maritime patrol (MPA), ISR, as well as other applications. With the growing demand for anti-surface warfare and anti-submarine warfare, countries are expected to upgrade MPA's radars, sensor system, and multifunctional digital screen, which can search, detect, and collate stored data and automatically capture and track enemy warships. Due to this factor, companies are enhancing their maintenance and upgrading capabilities. Moreover, in collaboration with governments, companies are investing in the development of new-generation manned maritime patrol aircraft equipped with modern surface ship and submarine detection systems.