According to the recent study the winglet market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 7% to 9% from 2023 to 2028. Growth in this market is primarily driven by increasing aircraft production, rising demand for narrow body aircraft, and growing retrofitting of winglets for in-service aircraft.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in winglet market by winglet type (blended winglet, raked wingtip, split scimitar winglet, advanced technology winglets, sharklet, wingtip fence, and others), aircraft type ((commercial aircraft (narror-body aircraft and wide-body aircraft), regional jets, business jets, and military aircraft)), platform type (B737, B737 Max, B747, B767, B777, B787, A320 family, A330, A350XWB, A380, and others), fit type (line fit and retrofit), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Blended winglet market is expected to remain the largest segment during the forecast period.”
Based on winglet type, the winglet market is segmented into blended winglet, raked wingtip, split scimitar winglet, advanced technology winglets, sharklet, wingtip fence, and others. Lucintel forecasts that the blended winglet market is expected to remain the largest segment due to as these winglets are crucial in lowering carbon dioxide emissions and improving airplane fuel economy.
“Within the winglet market, the commercial aircraft segment is expected to remain the largest aircraft type”
Based on aircraft type the commercial aircraft segment is expected to witness the highest growth over the forecast period due to the growing presence of low-cost carriers around the world and rising demand for narrow-body aircraft.
“North America will dominate the winglet market in near future”
North America will remain the largest region due to the presence of aircraft manufacturers and increasing efforts to reduce carbon emissions are encouraging the development of safe and efficient aircraft in the region.
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Major players of winglet market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Aviation Partners Inc., Aviation Partners Boeing, Kaman Corporation,GKN Aerospace, FACC AG are among the major winglet providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/winglet-market.aspx or [email protected]