in Defence / Security

Geopolitical factors drive maritime surveillance aircraft market

Posted 17 July 2017 · Add Comment

According to new research by industry analysts Frost & Sullivan, the global airborne maritime surveillance market is growing, with geopolitical uncertainties and obsolete aircraft fleets driving requirements - for advanced maritime patrol aircraft (MPA) and maritime surveillance aircraft (MSA).



Above:
P-8I is a long-range, multimission maritime patrol aircraft (MPA) manufactured by Boeing for the Indian Navy, as a variant of the P-8A Poseidon the US Navy uses and is intended to replace the Indian Navy's fleet of Tupolev Tu-142s.
Copyright Boeing


It notes that P-3C replacement programmes and new high-value MPA and MSA modernisation programmes in Asia and Europe in particular, are fueling growth.

"Advanced operators are moving toward a data fusion concept that integrates intelligence in raw or processed form from myriad sources to generate a recognised maritime picture that supports optimal actionable outcomes. Original equipment manufacturers (OEMs) and contractors that offer solutions with a high degree of integration and open architecture-based customisability will be best placed to address future market opportunities," said Frost & Sullivan Aerospace & Defense Industry Analyst Arjun Sreekumar.

Recent research from Frost & Sullivan's Defense Growth Partnership Subscription, Global Airborne Maritime Surveillance Aircraft Market, Forecast to 2026, finds that the market will grow at a compound annual growth rate (CAGR) of 7.4% between 2016 and 2026. The research assesses airborne maritime surveillance programmes, opportunities, forecasts, and technology trends. A country assessment of capabilities, opportunities, and future maritime surveillance aircraft acquisition plans are also provided, with market share and competitive analysis of major players such as Boeing, Lockheed Martin, Saab, Airbus DS and Tecnam evaluated.

Strategic imperatives for success and growth in the global airborne maritime surveillance aircraft market include:

  • Ensuring that MPA/MSA offerings are interoperable with a nation's unmanned aerial systems (UAS) inventory to enhance effectiveness in deployment;
  • Designing solutions to address the requirements of all stakeholders in an Integrated Exclusive Economic Zone (I-EEZ) model;
  • Providing roll-on, roll-off capabilities and plug-and-play solutions offering mission flexibility and options to upgrade and add more intelligence, surveillance, and reconnaissance (ISR) capabilities as time progresses; and
  • Providing solutions that have open architectures to integrate a wide array of sensor, communication and mission application types.

"Many nations have requirements for advance MPA/MSA but the lack of finances defers the ability to procure en masse. Alternative business models such as leasing and staggered interest-based payment mechanisms could be offered to such markets," noted Sreekumar. "OEMs that adopt a tailored approach for each target nation will gain a competitive advantage in a highly fragmented market."
 

For complimentary access to more information on this analysis and to register for a Growth Strategy Dialogue, a free interactive briefing with Frost & Sullivan's thought leaders, click here .

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Barnbrook marking its 40th anniversary at its 12th Farnborough Airshow

Hampshire-based Barnbrook Systems Ltd has already started preparations for its 12th consecutive appearance at the world famous Farnborough International Airshow next summer (16-22 July), where the award-winning UK firm will mark

Medway named as second new patrol ship

A bottle of Chatham-made Dockyard Gin smashed against the bow of the 2,000-tonne warship, Medway, as it was formally named on Friday morning at BAE's Scotstoun yard on the Clyde by Lady Fallon, wife of Defence Secretary Sir Michael Fallon

Gatwick wins Airport of the Year

This week at separate ceremonies - Gatwick won Airport of the Year at the National Transport Awards, a global environmental award for its world-first waste plant and Digital In-house Team of the Year at the prestigious Digital Impact

Dstl invites suppliers to contribute to advanced materials consultation

A new enduring consultation has been launched inviting suppliers to help shape the future research activity as part of the Materials for Strategic Advantage (MSA) programme.

Chris Allam appointed MBDA UK Managing Director

MBDA is pleased to announce the appointment of Chris Allam to the role of MBDA UK Managing Director and to MBDA's Group Executive Committee.

Heathrow arrivals benefit from AMAN

Aircraft flying from Europe into London Heathrow Airport now benefit from more accurate delay information thanks to the advanced data available from NATS' Arrival Manager system (AMAN).

Aviation Africa SK18418
See us at
SMI MilSat BT2907101117SMI AirMissBT0305251017Advanced Engineering BT1007021117SMI FAV BT1007161117Aviation Africa BT18418FIL18 BT111017220718