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Global Winglets Market to reach USD XX million by 2028.

Global Winglets Market Size study, By Aircraft Type (Narrow Body Aircraft, Wide Body Aircraft, Regional Jet Aircraft, Others), By Winglet Type (Sharklets, Split Scimitar Winglets, Wingtip Fences, Blended Winglets, Others), By Fit (Line fit, Retrofit), By End Use (Civil Aircraft, Military Aircraft, Commercial and Cargo Aircraft) and Regional Forecasts 2022-2028

Product Code: ALTAWT-58974733
Publish Date: 14-08-2022
Page: 200

Global Winglets Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028.

The Winglets or Wingtip devices can be defined as wingtip devices that are utilized to improve airplane performance by reducing drag. These are used as vertical extensions of aircraft wingtips and enhances aircraft’s fuel efficiency and cruising range. Moreover, Winglets are made with high-tech polymers and can be retrofitted to aircraft that were originally designed without them. The growing expansion of aircraft fleets worldwide and increasing demand for fuel efficient aircrafts as well as strategic initiatives from leading market players are factors that are accelerating the global market demand. For instance, according to Statista – in 2019, the global aircraft fleet was estimated at 25,900 Units and this number is projected to reach to 49,405 Units by 2039. Furthermore, strategic initiatives from leading market players such as new product testing would influence the growth of Winglets Market. For instance, in June 2022, USA based Tamarack aerospace group announced successful completion of its latest version of SmartWing active load-alleviating winglet technology on the Beechcraft King Air 350. Also, growing penetration of air cargo services and increasing investment towards aviation sector in emerging economies are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, a high deployment & maintenance cost associated with Winglets impede the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Winglets Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing aviation sector and presence of leading aircraft manufacturer in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the increasing number air cargo activities and rising military expenditure in the region, would create lucrative growth prospects for the global Winglets Market across the Asia Pacific region.

Major market players included in this report are:
Aviation Partners Inc.
BLR Aerospace
GKN Aerospace
Kaman Corporation
Korean Air Aerospace Division
RUAG International Holding AG
Tamarack Aerospace Group, Inc.
Winglet Technology, LLC

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Aircraft Type
Narrow Body Aircraft
Wide Body Aircraft
Regional Jet Aircraft
By Winglet Type
Split Scimitar Winglets
Wingtip Fences
Blended Winglets
By Fit
Line fit
By End Use
Civil Aircraft
Military Aircraft
Commercial and Cargo Aircraft
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Winglets Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
1.2.1. Winglets Market, by Region, 2020-2028 (USD Million)
1.2.2. Winglets Market, by Aircraft Type, 2020-2028 (USD Million)
1.2.3. Winglets Market, by Winglet Type, 2020-2028 (USD Million)
1.2.4. Winglets Market, by Fit, 2020-2028 (USD Million)
1.2.5. Winglets Market, by End Use, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Winglets Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Winglets Market Dynamics
3.1. Winglets Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Growing expansion of aircraft fleets worldwide. Increasing demand for fuel efficient aircrafts. Strategic initiatives from leading market players.
3.1.2. Market Challenges High deployment & maintenance cost associated with Winglets.
3.1.3. Market Opportunities Growing penetration of air cargo services. Increasing investment towards aviation sector in emerging economies.
Chapter 4. Global Winglets Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Winglets Market, by Aircraft Type
6.1. Market Snapshot
6.2. Global Winglets Market by Aircraft Type, Performance – Potential Analysis
6.3. Global Winglets Market Estimates & Forecasts by Aircraft Type 2018-2028 (USD Million)
6.4. Winglets Market, Sub Segment Analysis
6.4.1. Narrow Body Aircraft
6.4.2. Wide Body Aircraft
6.4.3. Regional Jet Aircraft
6.4.4. Others
Chapter 7. Global Winglets Market, by Winglet Type
7.1. Market Snapshot
7.2. Global Winglets Market by Winglet Type, Performance – Potential Analysis
7.3. Global Winglets Market Estimates & Forecasts by Winglet Type 2018-2028 (USD Million)
7.4. Winglets Market, Sub Segment Analysis
7.4.1. Sharklets
7.4.2. Split Scimitar Winglets
7.4.3. Wingtip Fences
7.4.4. Blended Winglets
7.4.5. Others
Chapter 8. Global Winglets Market, by Fit
8.1. Market Snapshot
8.2. Global Winglets Market by Fit, Performance – Potential Analysis
8.3. Global Winglets Market Estimates & Forecasts by Fit 2018-2028 (USD Million)
8.4. Winglets Market, Sub Segment Analysis
8.4.1. Line Fit
8.4.2. Retrofit
Chapter 9. Global Winglets Market, by End Use
9.1. Market Snapshot
9.2. Global Winglets Market by End Use, Performance – Potential Analysis
9.3. Global Winglets Market Estimates & Forecasts by End Use 2018-2028 (USD Million)
9.4. Winglets Market, Sub Segment Analysis
9.4.1. Civil Aircraft
9.4.2. Military Aircraft
9.4.3. Commercial and Cargo Aircraft
Chapter 10. Global Winglets Market, Regional Analysis
10.1. Winglets Market, Regional Market Snapshot
10.2. North America Winglets Market
10.2.1. U.S. Winglets Market Aircraft Type estimates & forecasts, 2018-2028 Winglet Type estimates & forecasts, 2018-2028 Fit estimates & forecasts, 2018-2028 End Use estimates & forecasts, 2018-2028
10.2.2. Canada Winglets Market
10.3. Europe Winglets Market Snapshot
10.3.1. U.K. Winglets Market
10.3.2. Germany Winglets Market
10.3.3. France Winglets Market
10.3.4. Spain Winglets Market
10.3.5. Italy Winglets Market
10.3.6. Rest of Europe Winglets Market
10.4. Asia-Pacific Winglets Market Snapshot
10.4.1. China Winglets Market
10.4.2. India Winglets Market
10.4.3. Japan Winglets Market
10.4.4. Australia Winglets Market
10.4.5. South Korea Winglets Market
10.4.6. Rest of Asia Pacific Winglets Market
10.5. Latin America Winglets Market Snapshot
10.5.1. Brazil Winglets Market
10.5.2. Mexico Winglets Market
10.6. Rest of The World Winglets Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Aviation Partners Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
11.2.2. BLR Aerospace
11.2.3. FACC AG
11.2.4. GKN Aerospace
11.2.6. Kaman Corporation
11.2.7. Korean Air Aerospace Division
11.2.8. RUAG International Holding AG
11.2.9. Tamarack Aerospace Group, Inc.
11.2.10. Winglet Technology, LLC
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
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