Asia-Pacific dominates MPA market
The global market for procurement of new maritime patrol aircraft (MPAs) is forecast to be worth $28 billion between 2019 and 2029 and is dominated by countries in Asia-Pacific, according to new research by Defence Insight.
It is perhaps unsurprising that countries in Asia-Pacific have the strongest demand for maritime patrol aircraft, given the extensive coastlines and naval requirements of militaries in the region. According to the Military Aircraft Market Report and Forecast, nearly two-thirds of MPA procurement globally will be concentrated in Asia-Pacific, worth more than $17 billion.
The largest as-yet unawarded programme
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