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Global Winglets Market Share, Size, Analysis, Growth, Forecast: By Winglet Type: Sharklets, Wingtip Fences, Blended Winglets, Split Scimitar Winglets, Others; By Aircraft Type: Wide Body Aircraft, Narrow Body Aircraft; By Fit: Line Fit, Retrofit; By End Use: Civil Aircraft, Military Aircraft, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Winglets Market Outlook
The global winglets market size reached a value of approximately USD 1090.28 million in 2023. The market is further expected to grow at a CAGR of 7.20% between 2024 and 2032, reaching a value of USD 2031.45 million by 2032.
Key Trends in the Market
A winglet is a vertical wingtip extension that increases the cruising range and fuel efficiency of an airplane. This tiny air foil is employed to reduce the aerodynamic drag which is often associated with the vortices formed at the wingtips during flights. Winglets can be fitted on a wide range of aircrafts including military jets, commercial aircrafts, and business jets.
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- The key winglets market trends include growing concerns about the environment, as application of winglet systems aid in reducing the overall fuel usage which, in turn, decreases carbon dioxide emissions in the atmosphere.
- Another crucial trend fuelling the growth of the market includes rise in delivery and production of commercial aircrafts. Increasing production of aircrafts as part of fleet modernisation initiatives is expected to boost the growth of the market for winglets.
- Growing demands for fuel efficient aircrafts is another key trend aiding the growth of the market across the globe. Rising fuel prices have surged the demand for fuel conserving alternatives and winglets aid in reducing fuel consumption, increasing their demand.
Global Winglets Market Analysis
On the basis of winglet type, the market is divided into sharklets, wingtip fences, blended winglets, and split scimitar winglets, among others. Based on aircraft type, the market is bifurcated into wide body aircraft, and narrow body aircraft. On the basis of fit, the market is segregated into line fit, and retrofit. By end use, the market is classified into civil aircraft, military aircraft, and commercial and cargo aircraft. On the basis of region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global winglets market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
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- Airbus SE
- BLR Aerospace, L.L.C.
- Aviation Partners, Inc.
- The Boeing Company
- GKN plc
- Textron Aviation Inc.
- Winglet Technology, LLC
- RUAG group
- Tamarack Aerospace
- Others
Global Winglets Market Share by End Use
On the basis of end use, commercial aircrafts are anticipated to account for a major portion of the winglets market over the forecast period. Increasing domestic as well as international travel are expected to propel the growth of the market, driven by the growing tourism industry and easy accessibility and affordability of flights. Rising research and development activities by key players of the market to develop long lasting, advanced, and fuel-efficient aircrafts is anticipated to aid this growth.
Global Winglets Market Share by Region
At a regional level, North America occupies a significant share of the market for winglets owing to increased production of new aircrafts in the region and the large volume of air traffic in the region. Growing demands for domestic aviation services coupled with rising efforts to limit carbon emission and lower fuel usage have increased the requirement for efficient and safe aircrafts in North America, boosting the winglets market growth.
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Competitive Landscape
Airbus SE is an aviation and aerospace component manufacturing company that was founded in 2014 and is headquartered in Leiden in the Netherlands. They are global leaders in space, aeronautic, and related services and offer a comprehensive range of products.
BLR Aerospace, L.L.C. is an aviation company that was founded in 1992 and is based in Washington, United States. The company, with numerous supplement type certificate approvals, is known to deliver products with high technical calibre and performance.
Aviation Partners, Inc. was founded in 1991 and is based in Washington, United States. They are one of the global leaders in the production, marketing, and design of advanced technology winglet systems with specialities such as advanced aviation technology and blended winglets.
Other market players include The Boeing Company, GKN plc, Textron Aviation Inc., Winglet Technology, LLC, RUAG group, and Tamarack Aerospace, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Winglet Type |
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| Breakup by Aircraft Type |
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| Breakup by Fit |
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| Breakup by End Use |
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| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Winglets Market Analysis
8.1 Key Industry Highlights
8.2 Global Winglets Historical Market (2018-2023)
8.3 Global Winglets Market Forecast (2024-2032)
8.4 Global Winglets Market by Winglet Type
8.4.1 Sharklets
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Wingtip Fences
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Blended Winglets
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Split Scimitar Winglets
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Winglets Market by Aircraft Type
8.5.1 Wide Body Aircraft
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Narrow Body Aircraft
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 Global Winglets Market by Fit
8.6.1 Line Fit
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Retrofit
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.7 Global Winglets Market by End Use
8.7.1 Civil Aircraft
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Military Aircraft
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Commercial and Cargo Aircraft
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.8 Global Winglets Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2023)
8.8.1.3 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2023)
8.8.2.3 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2023)
8.8.3.3 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2023)
8.8.4.3 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2023)
8.8.5.3 Forecast Trend (2024-2032)
9 North America Winglets Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Winglets Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Winglets Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 South Korea
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Australia
11.6.1 Market Share
11.6.2 Historical Trend (2018-2023)
11.6.3 Forecast Trend (2024-2032)
11.7 Others
12 Latin America Winglets Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Winglets Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Airbus SE
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 BLR Aerospace, L.L.C.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Aviation Partners, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 The Boeing Company
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 GKN plc
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Textron Aviation Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Winglet Technology, LLC
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 RUAG group
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Tamarack Aerospace
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Winglets Market: Key Industry Highlights, 2018 and 2032
2. Global Winglets Historical Market: Breakup by Winglet type (USD Million), 2018-2023
3. Global Winglets Market Forecast: Breakup by Winglet type (USD Million), 2024-2032
4. Global Winglets Historical Market: Breakup by Aircraft Type (USD Million), 2018-2023
5. Global Winglets Market Forecast: Breakup by Aircraft Type (USD Million), 2024-2032
6. Global Winglets Historical Market: Breakup by Fit (USD Million), 2018-2023
7. Global Winglets Market Forecast: Breakup by Fit (USD Million), 2024-2032
8. Global Winglets Historical Market: Breakup by End Use (USD Million), 2018-2023
9. Global Winglets Market Forecast: Breakup by End Use (USD Million), 2024-2032
10. Global Winglets Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Winglets Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Winglets Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Winglets Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Winglets Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Winglets Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Winglets Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Winglets Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Winglets Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Winglets Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Winglets Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Winglets Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Winglets Market Structure
Key Questions Answered in the Report
The market for winglets reached a value of approximately USD 1090.28 million in 2023.
The market for winglets is expected to grow at a CAGR of 7.20% between 2024 and 2032.
The market for winglets is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 2031.45 million by 2032.
The major market drivers include growing concerns about the environment, rise in delivery and production of commercial aircrafts, and increasing demands for fuel efficient aircrafts.
The key trends fuelling the growth of the market include superior product characteristics and increasing retrofitting of winglets in aircrafts.
The significant aircraft types in the market are wide body aircraft, and narrow body aircraft.
The various winglet types in the market are sharklets, wingtip fences, blended winglets, and split scimitar winglets, among others.
The key players in the global winglets market are Airbus SE, BLR Aerospace, L.L.C., Aviation Partners, Inc., The Boeing Company, GKN plc, Textron Aviation Inc., Winglet Technology, LLC, RUAG group, and Tamarack Aerospace, among others.
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