Aerospace Winglets Market Likely to Grow at 9.7% CAGR During 2017 to 2022


Posted October 29, 2018 by Stratview_Research

This 202-pages strategic report, from Stratview Research, studies the winglets market in the global aerospace industry over the period 2011 to 2022.
 
Winglets Market in the Global Aerospace Industry: Highlights
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As per Stratview Research, the global aerospace winglets market offers a healthy growth opportunity of 9.7% CAGR during the forecast period of 2017 to 2022 and reach an estimated $559 million in 2022. The author of the report stated that increasing production rate of commercial and regional aircraft, certification of winglets as a standard equipment in the variants of the best-selling aircraft, such as B737 Max and A320neo family, increasing adoption rate of winglets by airlines in both the new as well as retrofit installations, winglet technology advancement, and increasing fleet size are the key drivers of the global aerospace winglets market.

The research’s findings suggest that narrow-body aircraft is likely to remain the largest and the fastest-growing segment of the global aerospace winglets market during the forecast period of 2017 - 2022. B737 and A320 along with their recently launched variants would remain the growth engines of the winglets market in the narrow-body aerospace industry over the next five years.

In terms of winglet type, blended winglet dominates the global aerospace winglets market, propelled by its certification in Boeing's best-selling aircraft program B737, however, advanced technology winglet is projected to witness the highest growth during the forecast period of 2017 - 2022. Blended winglets offer 3% to 5% increase in fuel efficiency as compared to the aircraft without the winglets.

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As per the study, North America is projected to remain the largest market for winglets during the forecast period, driven by the presence of assembly plants of Boeing and Bombardier. The region is also manufacturing capital of the aerospace industry with the presence of major composite part fabricators and raw material suppliers. Asia-Pacific is the fastest-growing winglets market over the next five years, driven by upcoming commercial and regional aircraft with winglets as an option and high commercial aircraft fleet size.

The key winglet manufacturers are FACC AG, Korean Air Aerospace Division, RUAG Aerostructures, GKN Aerospace, Winglet Technology LLC, and BLR Aerospace LLC. New product development, collaboration with OEMs, and formation of long-term contracts with OEMs are the key strategies adopted by the key players to gain a competitive edge in the market.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

Market structure: Overview, industry life cycle analysis, supply chain analysis.
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
Market trend and forecast analysis.
Market segment trend and forecast.
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities.
Emerging trends.
Strategic growth opportunities for the existing and new players.
Key success factors.
This report studies the winglets market in the global aerospace industry and has segmented the market in five ways, keeping in mind the interest of all the stakeholders across the value chain. The following are the five ways in which the market is segmented:

Global Aerospace Winglets Market by Aircraft Type:

Narrow-Body Aircraft
Wide-Body Aircraft
Very Large Aircraft
Regional Aircraft
General Aviation
Global Aerospace Winglets Market by Platform Type:

B737
B747
B777
B787
A320 Family
A330 / A340
A350XWB
A380
B737 Max
B777x
A320neo Family
E175
C Series
Others
Global Aerospace Winglets Market by Winglet Type

Advanced Technology Winglets
Blended Winglets
Elliptical Winglets
Raked Winglets
Sharklet Winglets
Split Scimitar Winglets
Wingtip Fence Winglets
Others
Global Aerospace Winglets by Manufacturing Process Type

Hand Layup Process
Automated Process
Other Process
Global Aerospace Winglets Market by Region

North America
Europe
Asia-Pacific
Rest of the World

Category:Aerospace & Defence
https://www.stratviewresearch.com/market/report/Aerospace-Defense.html

Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
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Last Updated October 29, 2018