The global airborne maritime surveillance market is growing, with geopolitical uncertainties and obsolete aircraft fleets driving a need for advanced maritime patrol aircraft (MPA) and maritime surveillance aircraft (MSA).
In particular, P-3C replacement programmes and new high-value MPA and MSA modernisation programmes in Asia and Europe are fuelling growth.
“Advanced operators are moving toward a data fusion concept that integrates intelligence in raw or processed form from myriad of sources to generate a recognized maritime picture that supports optimal actionable outcomes,” says Frost & Sullivan aerospace and defense industry analyst Arjun Sreekumar.
“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.”
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.
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,” notes Sreekumar. “OEMs that adopt a tailored approach for each target nation will gain a competitive advantage in a highly fragmented market.”
