The Global Maritime Patrol Market was valued at US$ XX Mn in 2017 and is expected to reach US$ XX Mn by 2022 growing at a CAGR of XX% during the forecast period. Maritime patrol refers to the task of monitoring large stretches of water. Unlike passive monitoring systems like sound detection setups or land based spotters it involves active patrol of an area. It could be conducted by a wide range of vehicles ranging from surface ships and submarines to aircrafts or even satellites. Aircrafts form a major part of the maritime patrol group. The aircrafts are equipped with advanced systems like infrared receivers and cameras, on-board radar, electronic signals intelligence (ELINT) sensors, magnetic anomaly detectors (MAD), and sonobuoys.
The end users are military, fishing agencies, defence contractors, rescue forces, oilfield services enterprises, research agencies etc.Market Dynamics
The following factors are crucial in deciding the fate of the market:
Maritime patrol becomes crucial at times of war. Air units are extremely useful in gathering intel about enemy and supporting the friendly naval forces.
At times of peace patrols are maintained to prevent surprise attacks by enemies.
Aircraft patrols are also used to protect the trade routes keep track of pirates, smugglers and ensure legal use of water.
These patrols are used to support the economic activities near the coast like fishing, oil harvesting etc. For example to track and seek out fishing vessels which venture out too far outside the declared zone.
The airborne division of the maritime patrols are indispensible in covering large distances in short time and carry out rescue missions.
Competition among the contractors and the sub-contractors is also a major driver for the industry.
Maintenance of the aircrafts is often a costly business.
The newly developed unmanned drones also pose a major challenge to the aircraft industry.
Declining defence budgets is also hindering the growth of the market since military holds the maximum share of the market.
Market opportunities mainly lie in equipping the aircrafts with even more sophisticated gadgets to make it a multi-utility vehicle.Market Segmentation
The market could be segmented into the following segments:
Based on geography:
--> North America
--> Latin America
--> Middle East and Africa
Based on application:
--> Coast defence
--> OthersGeographic Analysis
The North America has the lions share in the global market. USA tops the chart for maintaining the most number of aircraft units for their maritime services. Closely following North America is the Asia Pacific nations. Owing to t=recent tensions between China and its neighbours, this market is flourishing in this sector.Key Players
Some of the major companies in the market are:
Harbin Aircraft Company
Thales GroupReport Contents
> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key PlayersRegional Analysis:
> North America
>> US and Canada
> Latin America
>> Mexico, Brazil, Argentina and Rest of Latin America
> Western Europe
>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe
> Eastern Europe
>> Rest of Eastern Europe
> Asia Pacific
>> Australia and New Zealand
>> Rest of Asia Pacific
> Middle East and Africa
>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.Report Highlights:
> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology
> Extensive Industry Structure Coverage
Publisher Name : Market Litmus