Product Code: r8390
“Winglets Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on winglets market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for winglets? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The winglets market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Winglet Type: Sharklets; Split Scimitar Winglets; Wingtip Fences; Blended Winglets; Other Winglet Types
- 2) By Fit: Line Fit; Retrofit
- 3) By End Use: Civil Aircraft; Military Aircraft; Commercial And Cargo Aircraft
- Companies Mentioned: Airbus SE; The Boeing Company; Mitsubishi Heavy Industries Ltd; PPG Aerospace; Melrose Industries Plc
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the winglets market are: Airbus SE, The Boeing Company, Mitsubishi Heavy Industries Ltd, PPG Aerospace, Melrose Industries Plc, Korean Air Lines Co. Ltd., Gulfstream Aerospace Corporation, Dassault Aviation, Bombardier Aerospace, Textron Aviation Inc., Spirit AeroSystems Holdings, Israel Aircraft Industries, Embraer S.A., Daher, RUAG Holding, Aernnova Aerospace S.A., FACC AG, GKN Aerospace, Honda Aircraft Company, Viking Air Limited, BLR Aerospace, Applied Composites Engineering, SyberJet Aircraft, Vortex Aviation Inc., Aviation Partners Inc., Aviation Partners Boeing (APB), Tamarack Aerospace Group,Yankee Composites, Winglet Technology LLC, and The Aircraft Performance Company GmbH.
The global winglets market is expected to grow from $2.45 billion in 2022 to $2.68 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The winglets market is expected to reach $3.67 billion in 2027 at a CAGR of 8.1%.
The winglets market consists of sales of raked winglets, fairings, and winglet tip devices. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Winglets refer to aerodynamic devices attached to the tips of an aircraft's wings, typically upward or downward-curved extensions that serve multiple purposes to improve the performance and efficiency of the aircraft. It enhance the overall aerodynamic performance of the aircraft, resulting in smoother and more efficient flight. The primary function of winglets is to minimize drag and to improve fuel efficiency.
North America was the largest region in the winglets market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in winglets report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of winglets are sharklets, split scimitar winglets, wingtip fences, blended winglets, and others. Sharklets are a specific type of winglet design used in the aviation industry, which is installed at the wingtips of aircraft and serves similar aerodynamic purposes as traditional winglets. They are used for line fit and retrofit by civil aircraft, military aircraft, and commercial and cargo aircraft end users.
The increasing aircraft production is expected to propel the growth of the winglets market going forward. Aircraft production refers to designing, manufacturing, and assembling aircraft, including commercial and military aircraft. Winglets are used in aircraft production to improve aerodynamic performance and fuel efficiency. For instance, according to the General Aviation Manufacturers Association, a US-based trade association that represents the interests of manufacturers of general aviation aircraft, in 2022, Airbus SE registered 1,078 gross new orders and completed 661 commercial aircraft when compared with 611 in 2021. Therefore, the increasing aircraft production is driving the growth of the winglets market.
Strategic partnerships are a key trend gaining popularity in the winglets market. Major companies operating in the winglets market are collaborating with other companies to sustain their position in the market. For instance, in March 2021, Korean Air's aerospace division (KAL-ASD), a South Korea-based aerospace manufacturing division of the Korean Air group, made a deal extension for manufacturing winglets for the Boeing 737 Max. The firm says a new contract worth roughly $292 million will be in place from 2022 to 2028 for the production of the winglets for the narrow body. Furthermore, in January 2023, Ryanair Holdings plc, an Ireland-based low-cost airline, partnered with Aviation Partners Boeing, a US-based aviation company, to modify its Boeing 737-800s fleet with Split Scimitar winglets. This initiative will reduce Ryanair's yearly fuel usage by 65 million liters and carbon emissions by 165.000 tons, increasing aircraft fuel efficiency by up to 1.5%, reducing aerodynamic drag, and enhancing airplane performance.
In April 2023, Ducommun Incorporated, a US-based engineering and manufacturing company that provides services to the aerospace, defense, industrial, and medical industries, acquired BLR Aerospace LLC for an undisclosed amount. With this acquisition, the Ducommun Incorporated company's portfolio of engineered goods is further strengthened by BLR's product offerings, which also contribute extremely significant aftermarket revenue. BLR Aerospace LLC is a US-based company that manufactures winglets and specializes in providing aerospace solutions and modifications.
The countries covered in the winglets market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The winglets research report is one of a series of new reports from The Business Research Company that provides winglets market statistics, including the winglets industry's global market size, regional shares, competitors with winglets market share, detailed winglets market segments, market trends and opportunities, and any further data you may need to thrive in the winglets industry. This winglets market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
Table of Contents
1. Executive Summary
2. Winglets Market Characteristics
3. Winglets Market Trends And Strategies
4. Winglets Market - Macro Economic Scenario
- 4.1. Impact Of High Inflation On Online Therapy Services Market
- 4.2. Ukraine-Russia War Impact On Online Therapy Services Market
- 4.3. COVID-19 Impact On Online Therapy Services Market
- 5.1. Global Winglets Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
- 5.2. Global Winglets Forecast Market Size and Growth, 2022 - 2027, 2032F, Value ($ Billion)
- 5.3. Global Winglets Market Drivers and Restraints
- 5.3.1. Drivers Of The Market
- 5.3.2. Restraints Of The Market
6. Winglets Market Segmentation
- 6.1. Global Winglets Market, Segmentation By Winglet Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Sharklets
- Split Scimitar Winglets
- Wingtip Fences
- Blended Winglets
- Other Winglet Types
- 6.2. Global Winglets Market, Segmentation By Fit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Line Fit
- Retrofit
- 6.3. Global Winglets Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Civil Aircraft
- Military Aircraft
- Commercial And Cargo Aircraft
7. Winglets Market Regional And Country Analysis
- 7.1. Global Winglets Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Winglets Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Winglets Market
- 8.1. Asia-Pacific Winglets Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Winglets Market, Segmentation By Winglet Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Winglets Market, Segmentation By Fit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.4. Asia-Pacific Winglets Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Winglets Market
- 9.1. China Winglets Market Overview
- 9.2. China Winglets Market, Segmentation By Winglet Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Winglets Market, Segmentation By Fit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.4. China Winglets Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Winglets Market
- 10.1. India Winglets Market, Segmentation By Winglet Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Winglets Market, Segmentation By Fit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.3. India Winglets Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Winglets Market
- 11.1. Japan Winglets Market, Segmentation By Winglet Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Winglets Market, Segmentation By Fit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.3. Japan Winglets Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Winglets Market
- 12.1. Australia Winglets Market, Segmentation By Winglet Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Winglets Market, Segmentation By Fit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.3. Australia Winglets Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Winglets Market
- 13.1. Indonesia Winglets Market, Segmentation By Winglet Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Winglets Market, Segmentation By Fit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.3. Indonesia Winglets Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Winglets Market
- 14.1. South Korea Winglets Market, Segmentation By Winglet Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Winglets Market, Segmentation By Fit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.3. South Korea Winglets Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Winglets Market
- 15.1. Western Europe Winglets Market Overview
- 15.2. Western Europe Winglets Market, Segmentation By Winglet Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Winglets Market, Segmentation By Fit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.4. Western Europe Winglets Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Winglets Market
- 16.1. UK Winglets Market, Segmentation By Winglet Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Winglets Market, Segmentation By Fit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.3. UK Winglets Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Winglets Market
- 17.1. Germany Winglets Market, Segmentation By Winglet Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Winglets Market, Segmentation By Fit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.3. Germany Winglets Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Winglets Market
- 18.1. France Winglets Market, Segmentation By Winglet Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Winglets Market, Segmentation By Fit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.3. France Winglets Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Italy Winglets Market
- 19.1. Italy Winglets Market, Segmentation By Winglet Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.2. Italy Winglets Market, Segmentation By Fit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Italy Winglets Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Spain Winglets Market
- 20.1. Spain Winglets Market, Segmentation By Winglet Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Spain Winglets Market, Segmentation By Fit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.3. Spain Winglets Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. Eastern Europe Winglets Market
- 21.1. Eastern Europe Winglets Market Overview
- 21.2. Eastern Europe Winglets Market, Segmentation By Winglet Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. Eastern Europe Winglets Market, Segmentation By Fit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.4. Eastern Europe Winglets Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. Russia Winglets Market
- 22.1. Russia Winglets Market, Segmentation By Winglet Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.2. Russia Winglets Market, Segmentation By Fit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. Russia Winglets Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. North America Winglets Market
- 23.1. North America Winglets Market Overview
- 23.2. North America Winglets Market, Segmentation By Winglet Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. North America Winglets Market, Segmentation By Fit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.4. North America Winglets Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. USA Winglets Market
- 24.1. USA Winglets Market Overview
- 24.2. USA Winglets Market, Segmentation By Winglet Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.3. USA Winglets Market, Segmentation By Fit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.4. USA Winglets Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Canada Winglets Market
- 25.1. Canada Winglets Market Overview
- 25.2. Canada Winglets Market, Segmentation By Winglet Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Canada Winglets Market, Segmentation By Fit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.4. Canada Winglets Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. South America Winglets Market
- 26.1. South America Winglets Market Overview
- 26.2. South America Winglets Market, Segmentation By Winglet Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. South America Winglets Market, Segmentation By Fit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.4. South America Winglets Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Brazil Winglets Market
- 27.1. Brazil Winglets Market, Segmentation By Winglet Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 27.2. Brazil Winglets Market, Segmentation By Fit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 27.3. Brazil Winglets Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
28. Middle East Winglets Market
- 28.1. Middle East Winglets Market Overview
- 28.2. Middle East Winglets Market, Segmentation By Winglet Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 28.3. Middle East Winglets Market, Segmentation By Fit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 28.4. Middle East Winglets Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
29. Africa Winglets Market
- 29.1. Africa Winglets Market Overview
- 29.2. Africa Winglets Market, Segmentation By Winglet Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 29.3. Africa Winglets Market, Segmentation By Fit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 29.4. Africa Winglets Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
30. Winglets Market Competitive Landscape And Company Profiles
- 30.1. Winglets Market Competitive Landscape
- 30.2. Winglets Market Company Profiles
- 30.2.1. Airbus SE
- 30.2.1.1. Overview
- 30.2.1.2. Products and Services
- 30.2.1.3. Strategy
- 30.2.1.4. Financial Performance
- 30.2.2. The Boeing Company
- 30.2.2.1. Overview
- 30.2.2.2. Products and Services
- 30.2.2.3. Strategy
- 30.2.2.4. Financial Performance
- 30.2.3. Mitsubishi Heavy Industries Ltd
- 30.2.3.1. Overview
- 30.2.3.2. Products and Services
- 30.2.3.3. Strategy
- 30.2.3.4. Financial Performance
- 30.2.4. PPG Aerospace
- 30.2.4.1. Overview
- 30.2.4.2. Products and Services
- 30.2.4.3. Strategy
- 30.2.4.4. Financial Performance
- 30.2.5. Melrose Industries Plc
- 30.2.5.1. Overview
- 30.2.5.2. Products and Services
- 30.2.5.3. Strategy
- 30.2.5.4. Financial Performance
31. Winglets Market Other Major And Innovative Companies
- 31.1. Korean Air Lines Co. Ltd.
- 31.2. Gulfstream Aerospace Corporation
- 31.3. Dassault Aviation
- 31.4. Bombardier Aerospace
- 31.5. Textron Aviation Inc.
- 31.6. Spirit AeroSystems Holdings
- 31.7. Israel Aircraft Industries
- 31.8. Embraer S.A.
- 31.9. Daher
- 31.10. RUAG Holding
- 31.11. Aernnova Aerospace S.A.
- 31.12. FACC AG
- 31.13. GKN Aerospace
- 31.14. Honda Aircraft Company
- 31.15. Viking Air Limited
32. Global Winglets Market Competitive Benchmarking
33. Global Winglets Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Winglets Market
35. Winglets Market Future Outlook and Potential Analysis
- 35.1 Winglets Market In 2027 - Countries Offering Most New Opportunities
- 35.2 Winglets Market In 2027 - Segments Offering Most New Opportunities
- 35.3 Winglets Market In 2027 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies
36. Appendix
- 36.1. Abbreviations
- 36.2. Currencies
- 36.3. Historic And Forecast Inflation Rates
- 36.4. Research Inquiries
- 36.5. The Business Research Company
- 36.6. Copyright And Disclaimer