Winglet Market: Narrow-body Aircraft Type to Grow at a CAGR of 8.3% in 2021-2031

PORTLAND, ORAGON, USA, Sept. 8, 2022 /EINPresswire.com/ — The winglet market was valued at $2.4 billion in 2021 and is expected to reach $4.7 billion by 2031, with growth at a CAGR of 7.4% from 2022 to 2031.

The North America region leads the market in terms of revenue, followed by Europe, Asia-Pacific and LAMEA. The winglets create a forward force inside the vortex circulation field and weaken them. Lift is regained due to weaker vortices resulting in less drag at the wingtips. Winglets provide better wing efficiency, which results in more payload, less fuel burn and longer cruise range.

There are significant key factors driving the growth of the winglets market such as increasing growth in aircraft manufacturing industry and adoption of new technologies and components to produce fuel efficient aircraft. The market economy is also responsible for the growth of the winglets market. Emerging countries in the region, such as India and China, are witnessing a significant increase in civil aviation markets due to increased demand for air travel. Thus, the manufacturing sector is witnessing significant growth in these countries, which is expected to provide lucrative opportunities for the growth of the winglets market.

Download the report (362-page PDF with information, charts, tables, figures) at https://www.alliedmarketresearch.com/request-sample/13684

COVID-19 scenario –

The COVID-19 outbreak has negatively impacted the growth of the global winglets market, owing to the presence of lockdowns in various countries across the globe.
Aviation production and sales have been devastated during the pandemic due to strict travel and social distancing restrictions imposed by the government to curb the spread of the virus.
Additionally, strict import and export restrictions have been imposed by the government, which further aggravated the demand for winglets.
However, the market should recover quickly.
The report offers a detailed segmentation of the global winglets market on the basis of aircraft type, end use, winglet type, fit, and region.

Request for customization at https://www.alliedmarketresearch.com/request-for-customization/13684

Based on aircraft type, the narrow-body aircraft segment held the largest market share in 2021, capturing nearly two-thirds of the global market. The regional jet segment, on the other hand, is expected to quote the fastest CAGR of 8.3% during the forecast period.

Based on fitting, the online fitting segment held the majority market share in 2021, attracting more than two-thirds of the global market. The renovation segment, on the other hand, is expected to show the fastest CAGR of 8.0% during the forecast period.

Do you want to acquire the data with a strategy and actionable insights? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/13684

By region, the North American market held the lion’s share in 2021, holding nearly two-fifths of the global market. The Asia-Pacific region, on the other hand, is expected to quote the fastest CAGR of 8.4% during the forecast period.

The major players analyzed in the global winglets market report are Airbus, Boeing, Aviation Partners, Inc., BLR Aerospace, Daher, FACC AG, GKN Aerospace Services Limited, Hyune Aero-Specialty Inc., RUAG Group, Tamarack Aerospace and Winglet Technology. , LLC.

Buy the full report now! https://www.alliedmarketresearch.com/checkout-final/00fb32c929134f8d07e67e49b4ea046a

Similar reports we have on the aerospace industry:

Commercial Aircraft Wings Market – https://www.alliedmarketresearch.com/commercial-aircraft-wing-market-A13239

Aero Wings Market – https://www.alliedmarketresearch.com/aero-wing-market-A14571

Fixed Wing VTOL UAV Market – https://www.alliedmarketresearch.com/the-fixed-wing-vtol-uav-market-A14511

About Us

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. Allied Market Research CEO Pawan Kumar helps inspire and encourage everyone associated with the company to maintain high quality data and help clients in every way possible to achieve success. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

David Correa
Allied Analytics LLP
write to us here
800-792-5285
Visit us on social media:
Facebook
Twitter
LinkedIn

About Theresa Burton

Check Also

Aircraft Heat Exchangers Market: Global Flat Tube and Plate Fin Opportunity Analysis and Industry Forecast, 2022-2029

PORTLAND, ORAGON, USA, Sep 19, 2022 /EINPresswire.com/ – Aircraft Heat Exchangers Market by Type (Flat …