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  • Aerospace Winglets Market by Aircraft Type, by Platform Type, by Winglet Type, by Manufacturing Process, and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017-2022

     



    (Aviation-NewsWire.Com, May 21, 2018 ) Aerospace winglets market over the period 2017 to 2022. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    The global aerospace winglets market was valued at US$ 297.0 million in 2016 and is expected to grow at a CAGR of 9.7% over the next five years to reach US$ 558.9 million in 2022. 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.

    Aerospace Winglet Market Research Report

    Winglets reduce wingtip vortices, the twin whirlwinds formed by the difference between the pressure on the upper surface of an aircraft's wing and that on the lower surface. High pressure on the lower surface creates a natural airflow that makes its way to the wingtip and curls upward around it. When flow around the wingtips streams out behind the airplane, a vortex is formed. This represents an energy loss and is strong enough to flip the aircraft. Overall, winglets are a proven way to reduce drag, enhance fuel efficiency, reduce CO2 and NOx emissions, and reduce community noise. The addition of winglets can also be used to increase the payload or range capabilities of the aircraft apart from reducing the fuel consumption.


    Get FREE Sample of this Report @ http://www.reportsweb.com/inquiry&RW0001839182/sample


    The global aerospace winglets market is segmented based on aircraft type as narrow-body aircraft, wide-body aircraft, very large aircraft, regional aircraft, and general aviation. 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.

    Based on winglet type, the global aerospace winglets market is segmented as blended winglets, sharklets, split scimitar winglets, raked wingtips, advanced technology winglets, wingtip fences, elliptical winglets, and others. Blended winglet dominate the global aerospace winglets market, propelled by its certification in Boeing's best-selling aircraft program B737. Blended winglets offer 3% to 5% increase in fuel efficiency as compared to the aircraft without the winglets. Advanced technology winglet is projected to witness the highest growth during the forecast period of 2017 - 2022.

    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 supply chain of this market comprises raw material manufacturers, winglet manufacturers, aerospace OEMs, and airline companies. The raw material manufacturers are Rio Tinto, Toray Industries, Hexcel, M C Gill, and Cytec. The key aerospace OEMs are Boeing, Airbus, Comac, Bombardier, Embraer, Cessna, and Gulfstream.

    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.

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Publisher's internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts have been executed to obtain both the qualitative and quantitative insights.
    Aerospace Winglets 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 into 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
    The global aerospace winglets market is segmented into the following categories.
    Global Aerospace Winglets Market by Vehicle 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
    Report Customization Options
    Regional Segmentation
    Current market segmentation of any one of the regions by aircraft type
    Geographic Analysis
    Breakdown of current North American Aerospace winglets market (2016) into the US, Canada, and Mexico
    Company Profiling
    Detailed profiling of additional market players (up to 3 players)
    SWOT analysis of key players (up to 3 players)

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    Rajat Sahni

    +1-646-491-9876

    sales@reportsweb.com

    Source: EmailWire.Com

    Source: EmailWire.com

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