Aerospace Winglets Market Worth US$ 558.9 million in 2022
Aerospace Winglets Market report is a 202-page study offering actionable insights into the global market opportunities, trends, forecasts, and competitive analysis.
(EMAILWIRE.COM, January 31, 2019 )
Stratview Research has published a new research report on Aerospace Winglets Market. This extensive 202-page report by Stratview Research analyses the growth of Aerospace Winglets Market over the trend period of 2011 to 2016 and forecast period of 2017 to 2022 under the following segments -
• by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, and Others)
• by Platform Type (B737, B747, B777, and Others)
• by Winglet Type (Advanced Technology Winglets, and Others)
● by Curing Type (Autoclave, Out of Autoclave, and Others)
● and by Region (North America, Europe, Asia-Pacific, and RoW)
Go through the detailed scope: https://www.stratviewresearch.com/toc/149/aerospace-winglets-market.html
Or
Get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/149/aerospace-winglets-market.html
Increasing production rate of commercial and regional aircraft
The 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 aerospace winglets market.
North America to remain the largest market
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.
Top market players
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, The Gill Corporation, 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.
Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.
Stratview Research has published a new research report on Aerospace Winglets Market. This extensive 202-page report by Stratview Research analyses the growth of Aerospace Winglets Market over the trend period of 2011 to 2016 and forecast period of 2017 to 2022 under the following segments -
• by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, and Others)
• by Platform Type (B737, B747, B777, and Others)
• by Winglet Type (Advanced Technology Winglets, and Others)
● by Curing Type (Autoclave, Out of Autoclave, and Others)
● and by Region (North America, Europe, Asia-Pacific, and RoW)
Go through the detailed scope: https://www.stratviewresearch.com/toc/149/aerospace-winglets-market.html
Or
Get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/149/aerospace-winglets-market.html
Increasing production rate of commercial and regional aircraft
The 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 aerospace winglets market.
North America to remain the largest market
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.
Top market players
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, The Gill Corporation, 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.
Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.
Contact Information:
Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
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Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results