Global Commercial Aircraft Wing Market 2017-2021

Overview of the global commercial aircraft wing market

According to the market research analyst at Technavio, the growth prospects for the global commercial aircraft wing market will be affected by the advent of new wing designs to enhance aircraft efficiency. The shape and design of aircraft wings play an important role in defining aircraft operations. The wing is a vital element of the aircraft that enhances aircraft performance and maintains operating costs within the specified limits. The fundamental aim of aircraft design is to generate the required lift and streamline airflow while minimizing drag and weight acting on the aircraft. This phenomenon results in low fuel consumption and high cruise range. As a result, OEMs and public organizations such as NASA are considerably investing in the development of new wing designs. This market research report estimates that the global commercial aircraft wing market will grow at a CAGR of nearly 8% by 2021.

Another key trend that is envisaged to spur this market’s growth is the extensive use of composite cellular morphing technology for wings. A century ago, the Wright brothers accomplished their first Flyer 1 aircraft powered flight, using pulleys and wires that provided movement in the wood-and-canvas wings. After few years, separate, hinged flaps, and ailerons were developed to cause aircraft movement. But with growing technological advancements, a new kind of bendable wing was developed using cellular morphing technology. This new wing design helped simplify wing design and reduce fuel consumption by improving the wing aerodynamics.

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Competitive landscape and key vendors

The global commercial aircraft wing market is competitive and is characterized by the presence of numerous multinational vendors. Factors such as the availability of in-house manufacturing capabilities, investment in R&D, newer product offerings, global footprint network, technology, and expansion of the client base play a crucial role in establishing a vendors’ presence in the market. Additionally, the vendors also compete on the basis of cost, quality, reliability, and aftermarket service to gain maximum market traction.

Key vendors in this market are -

• Airbus
• Boeing
• Bombardier
• EMBRAER
• Mitsubishi Aircraft

Other prominent vendors analyzed in this market research are HITCO Carbon Composites, LISI AEROSPACE, RUAG Aerostructures, TRIUMPH GROUP, Exelis (Harris), Ferra Engineering, and TAL Manufacturing Solutions.

Segmentation by aircraft type and analysis of the commercial aircraft wing market

• Narrow body
• Wide body
• Regional jet

At present, the narrow body aircraft segment dominates this market and is anticipated to remain the largest market segment until the end of 2021. The diverse growth between regions, airplane types, and business models will continue to strengthen the fragmentation in the market.

Segmentation by geography and analysis of the commercial aircraft wing market

• Americas
• APAC
• EMEA

In terms of geography, APAC was the largest market for commercial aircraft wings during 2016 and is predicted to be the largest market for aircraft wings until the end of the forecast period. The major factors driving the growth of the aircraft market is the increasing demand for energy-efficient airplanes that use lightweight components and new wing designs.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global commercial aircraft wing market?
• What are the key market trends impacting the growth of the global commercial aircraft wing market?
• What are the challenges to market growth?
• Who are the key vendors in the global commercial aircraft wing market?
• What are the market opportunities and threats faced by the vendors in the global commercial aircraft wing market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global commercial aircraft wing market?

Technavio also offers customization on reports based on specific client requirement.

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• Global Commercial Aircraft Avionic Systems Market 2017-2021

By identifying short- and long-term trends in commercial aviation, competitors, growth potential, and challenges, Technavio brings a comprehensive collection of market research reports on the various aspects of the aerospace components sector, which is an integral part of Technavio’s aerospace and defense industry. While analyzing the market space for the aerospace components sector, research analysts have noted that this industry is witnessing massive market development and structural transformations in the plastics market that has created countless business opportunities to influence the overall industry’s growth. Our actionable market intelligence reports provide information on some of the leading participants in the aerospace and defense industry including Taghleef Industries, GE Oil & Gas, Formosa Plastics, Airborne Oil & Gas, B. Schoenberg & Co, TOTAL, Chevron Oronite, and Shell.

By identifying short- and long-term trends in commercial aviation, competitors, growth potential, and challenges, Technavio brings a comprehensive collection of market research reports on the various aspects of the aerospace components sector, which is an integral part of Technavio’s aerospace and defense industry. While analyzing the market space for the aerospace components sector, research analysts have noted that this industry is witnessing massive market development and structural transformations in the plastics market that has created countless business opportunities to influence the overall industry’s growth. Our actionable market intelligence reports provide information on some of the leading participants in the aerospace and defense industry including Taghleef Industries, GE Oil & Gas, Formosa Plastics, Airborne Oil & Gas, B. Schoenberg & Co, TOTAL, Chevron Oronite, and Shell.

Additionally, Technavio’s research analysts have also focused on several market insights to offer an all-inclusive picture of the growth prospects and latest trends for aerospace components like commercial aircraft wings. The upcoming report on commercial aircraft wing provides valuable information regarding current trends in one of the fastest growing industries in the world, judicious use of appropriate analytical tools, and analyzing the current marketing trends, sales, and products. It has been noted that the growing demand for commercial and military aircraft aerostructure, engine components, MRO, retrofitting, and spare parts components across the aerospace sector has propelled the use of aerospace components globally.

Our upcoming market intelligence report on commercial aircraft wings also considers the growth of other progressive aerospace components like helicopter blades and aerostat systems, which are expected to grow at a CAGR of around 5% and 11%, respectively by 2020.  Technavio also provides a detailed analysis of the various aerospace components including wings, landing gear, wheels and brakes, pins, bushings, indicators, display components, lubricant and scavenge pump components, and composite structures. This helps suppliers gain a competitive advantage over their competitors by providing marketing and research strategies and the impact of changing business environments and other indicators on the markets.

The market report for commercial aircraft wing also identifies the key drivers, emerging trends, as well as the eminent challenges that the aerospace components industry is currently experiencing. It also presents insights into the changing competitive landscape to give businesses a realistic picture of the future direction of the aerospace and defense sector.

Additionally, Technavio’s research analysts have also focused on several market insights to offer an all-inclusive picture of the growth prospects and latest trends for aerospace components like commercial aircraft wings. The upcoming report on commercial aircraft wing provides valuable information regarding current trends in one of the fastest growing industries in the world, judicious use of appropriate analytical tools, and analyzing the current marketing trends, sales, and products. It has been noted that the growing demand for commercial and military aircraft aerostructure, engine components, MRO, retrofitting, and spare parts components across the aerospace sector has propelled the use of aerospace components globally.

Our upcoming market intelligence report on commercial aircraft wings also considers the growth of other progressive aerospace components like helicopter blades and aerostat systems, which are expected to grow at a CAGR of around 5% and 11%, respectively by 2020.  Technavio also provides a detailed analysis of the various aerospace components including wings, landing gear, wheels and brakes, pins, bushings, indicators, display components, lubricant and scavenge pump components, and composite structures. This helps suppliers gain a competitive advantage over their competitors by providing marketing and research strategies and the impact of changing business environments and other indicators on the markets.

The market report for commercial aircraft wing also identifies the key drivers, emerging trends, as well as the eminent challenges that the aerospace components industry is currently experiencing. It also presents insights into the changing competitive landscape to give businesses a realistic picture of the future direction of the aerospace and defense sector.