Winglets Market By Aircraft Type (Narrow Body Aircraft, Wide Body Aircraft, Regional Jet Aircraft, Others), By End Use (Civil Aircraft, Military Aircraft, Commercial and Cargo Aircraft), By Winglet type (Sharklets, Split Scimitar Winglets, Wingtip Fences, Blended Winglets, Others), By Fit (Line fit, Retrofit): Global Opportunity Analysis and Industry Forecast, 2021-2031
Winglets are vertical wingtip extensions that increase the fuel efficiency and cruising range of an airplane. Winglets are tiny airfoils that are used to lessen the aerodynamic drag associated with vortices that form at the wingtips while an airplane flies through the air. Aircraft of all types and sizes, such as single-seat hang gliders, ultralights, and jets require winglets to expand routes and destinations by mitigating the effect of induced drag. Some aircraft demand design of sleek upturned winglets that blend smoothly into the outer wing sections. Add-on winglets are also custom-made for various types of aircraft. Moreover, winglet manufacturers are inclined towards development of advanced winglet, to achieve improved cruising speeds, time-to-climb rates, and higher operating altitudes.
Furthermore, the rise in emission norms to enhance overall aircraft performance encourage the development of fuel-efficient airplanes. Thus, aircraft manufacturers shift towards components to save fuel and improve aircraft performance and efficiency. The increase in commercial and cargo aircraft production creates a demand for winglets across the globe. For instance, according to Boeing's World Air Cargo Forecast (2020–2039), the global fleet of freighters will increase by more than 70% over the next 20 years. It also estimates that 2,610 freighters are to be delivered by 2039, with around half of those replacing retired aircraft. Nearly two-thirds of these deliveries are expected to be conversions from passenger aircraft, with more than one-third of them being brand-new wide-body cargo planes.
The winglets market is segmented on the basis of aircraft type, end use, winglet type, fit, and region. By aircraft type, it is divided into narrow body aircraft, wide body aircraft, regional jet aircraft, and others. On the basis of end use, it is segmented into civil aircraft, military aircraft, and commercial and cargo aircraft. By winglet type, it is divided into sharklets, split scimitar winglets, wingtip fences, blended winglets, and others. By fit, the market is divided into line fit and retro fit. By region, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights key areas of investments. In addition, it includes Porter’s five forces analysis to understand competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights competitive landscape of key players to increase their market share and sustain intense competition in the industry.
The key players that operate in this market are Airbus, Boeing, Aviation Partners, Inc., BLR Aerospace, Daher, FACC AG, GKN Aerospace Services Limited, Hyune Aero-Specialty INC., RUAG Group, Tamarack Aerospace and Winglet Technology, LLC, Clean Aviation, Composites One, Kaman Corporation, Korean Air, Sekisui Aerospace, and Triumph Group
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the winglets market analysis from 2021 to 2031 to identify the prevailing winglets market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the winglets market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global winglets market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Aircraft Type
Regional Jet Aircraft
Others
Narrow Body Aircraft
Wide Body Aircraft
By End Use
Civil Aircraft
Military Aircraft
Commercial and Cargo Aircraft
By Winglet type
Sharklets
Split Scimitar Winglets
Wingtip Fences
Blended Winglets
Others
By Fit
Line fit
Retrofit
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Russia
U.K.
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Asean
Rest of Asia-Pacific
LAMEA
Brazil
UAE
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Aviation Partners, Inc.
BLR Aerospace
FACC AG
GKN Aerospace
HYUNE AERO-SPECIALTY INC
Kaman Corporation
Korean Air Aerospace Division
RUAG International Holding AG
Tamarack Aerospace Group, Inc.
Winglet Technology, LLC
Airbus
Clean Aviation
composites one
Boeing
Daher
SEKISUI Aerospace
Triumph Group
Please Note: It will take 7-10 business days to complete the report upon order confirmation.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook