Commercial Aircraft Wings Market

Market Insights on Commercial Aircraft Wings covering sales outlook, demand forecast & up-to-date key trends

Commercial Aircraft Wings Market: Global Industry Analysis 2013 - 2017 and Opportunity Assessment; 2018 - 2028

Commercial Aircraft Wings Market: Introduction

Wings are one of the most essential parts of an aircraft. For the airplane to fly, the weight of the airplane, passenger fuel, etc., should be lifted and wings play an important part in the process. Wings are structured with streamlined cross-section in order to produce and ensure proper aerodynamic forces. The design and shape of a commercial aircraft wings is taken into critical consideration owing to its three dimensional shape used for lift and drag.

In order to safeguard appropriate and maintained efficiency, comfort, safety and reliability, the commercial aircraft wings are witnessing several innovation in terms of design and technology. Growing demand in performance and production rates of aircrafts is estimated to fuel the demand for advanced commercial aircraft wings. This in turns is expected to contribute to the growth of the global commercial aircraft wings market in the coming years.

Commercial Aircraft Wings Market: Dynamics

The air travel passengers are increasing day-by-day across the globe, with an establishment of more than 700 routes for better connectivity. According to the International Air Transport Association, the Asia Pacific passenger traffic rose by 8.3% in 2016. Which is more than the average growth of the last five years, i.e., 6.9%. This growth in passenger traffic is estimated to drive the market of commercial aircraft wings market during the forecast period.

The replacement of aging aircrafts is also estimated to boost the demand for commercial aircrafts wings. According to an estimate by the leading aircraft manufacturer, Airbus, it is projected that nearly 11,000 passenger aircrafts need to be replaced, largely in the single-aisle segment in the next two decades. Emerging environmental concerns, new regulations and airspace modernization will also contribute to larger backlog of aircraft orders consequently adding to the commercial aircraft wings market

Growing demand for lightweight materials with several properties such as high strength, good electrical and thermal conductivity, good chemical resistance, corrosion resistance, and temperature resistance can be a very complex task for the manufacturers. In order to maintain the position in the global commercial aircraft wings market, the manufacturers may have to strategically focus on their research and development sector to develop a range of innovations in the technology.

The ongoing trend gaining momentum in the global commercial aircraft wings market is the increasing demand for usage of alternative materials. At present, aluminium alloy is used as a material in aircraft wings. However, due to it’s certain disadvantages manufacturers are seeking for new materials such as titanium, aramid fabrics, and glass reinforced fibres, among others.

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Commercial Aircraft Wings Market: Regional Outlook

With the increasing number of airports and modernization of the existing ones, the global commercial aircraft wings market is expected to witness a significant growth during the forecast period. Presence of large number of manufacturers in North America and Europe is expected to contribute to the growth of the commercial aircraft wings market.

Growing economy and foreign investment in Japan and various countries of Asia Pacific are influencing the growth of the aviation industry, which consequently is expected to drive the growth of the market for commercial aircraft wings in the region during the forecast period.

Commercial Aircraft Wings Market: Key Participants

Examples of some of the key participants operating in the global commercial aircraft wings market are:

Airbus Group
The Boeing Company
Bombardier Aerospace
General Dynamics Corporation
United Technologies Corporation
Lockheed Martin Corporation
Saab
Mitsubishi Heavy Industries Ltd.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

Nikhil Kaitwade

Principal Consultant

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The report covers exhaust analysis on

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.