Home > Aerospace & Defense > Aircraft Parts > Winglets Market

Winglets Market Share

Report ID: GMI4516
Published Date: Jan 2020
Report Format: PDF

Download Free Sample

Winglets Market Share

Winglets industry is highly competitive and is expected to be dominated by few players over the projected time span. The key players involved in this industry includes:

Aviation Partners Inc
Aviation Partners Boeing
Kaman Corporation
GKN Aerospace
FACC AG.

Some of the key strategies adopted by these players include, market expansion, new product development, production capacity expansion, etc. For instance, in January 2019, Aviation Partners Boeing announced that the company will install split scimitar winglets on South Africa’s Mango Airlines aircraft fleet. This enabled the company to enhance its presence in Middle East & Africa.

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The market size of winglets was surpassed USD 1.98 billion in 2018.

The industry share of winglets will showcase a growth rate of 8.9% from 2019 to 2026.

The North America market may dominate the industry, accounting for the highest share of more than 50% between 2019 and 2026, led by growing production of new aircrafts in the region.

The blended winglets will account for over 25% market share throughout the forecast timespan due to their usage by several aircraft manufacturers including Boeing, Gulfstream Aerospace Corporation, and Falcon.

The key players involved in the winglets industry include Aviation Partners Inc., Aviation Partners Boeing, Kaman Corporation, GKN Aerospace, and FACC AG.

A320 family will account for the highest market share of more than 30% through 2026 owing to adoption of new technologies such as low noise and efficient engines.