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Aircraft Winglets Market Trends

  • Report ID: GMI12308
  • Published Date: Nov 2024
  • Report Format: PDF

Aircraft Winglets Market Trends

The aviation industry's increasing focus on environmental sustainability is propelling the demand for winglets. Globally stringent emissions regulations are pressuring airlines to reduce their carbon footprint. Winglets offer a cost-effective solution to improve fuel efficiency, decrease greenhouse gas emissions, and meet environmental standards. For Instance, Singapore's government announced that from 2026, airlines will be required to adopt sustainable aviation fuels, which reduce carbon emissions by up to 80% compared to kerosene.
 

Additionally, a passenger levy will be introduced to fund this transition towards more sustainable aviation practices. Airlines are implementing winglets to enhance operational efficiency and align with sustainability objectives. As environmental regulations become more stringent and consumers prefer eco-friendly options, winglets play an increasingly vital role in achieving greener aviation, further stimulating their market growth.
 

The expansion of commercial air travel is a significant trend influencing the winglet market. As global air traffic increases, airlines are expanding their fleets and improving existing aircraft efficiency. Winglets are crucial in enhancing fuel efficiency and extending aircraft range, making them attractive to carriers aiming to maximize profitability. With rising air travel demand, particularly in emerging markets, more airlines are investing in fuel-efficient technologies, including winglets, to manage higher passenger volumes and maintain competitive pricing. For instance, In October 2024, Tamarack aerospace expanded its European presence by partnering with Rheinland air service (RAS) in Germany. The agreement will enable RAS to offer installations of Tamarack's active winglets, improving aircraft fuel efficiency, range, and performance.
 

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The global market size for aircraft winglets was valued at USD 2.8 billion in 2024 and is projected to reach USD 6.1 billion by 2034, driven by a CAGR of 8.2% from 2025 to 2034.

In 2024, the line fit segment accounted for the largest market share with 69.2%, driven by the integration of winglets during the aircraft manufacturing process.

North America market is expected to exceed USD 2.5 billion by 2034, driven by the region's focus on fuel efficiency, cost reduction, and regulatory compliance.

Major players in the industry include Aviation Partners Boeing, Aviation Partners, Inc., BLR Aerospace, Daher, FACC AG, GKN Aerospace, HYUNE AERO-SPECIALTY INC, and Kaman Corporation.

Aircraft Winglets Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 12
  • Tables & Figures: 280
  • Countries covered: 18
  • Pages: 220
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