DUBLIN--(BUSINESS WIRE)--The "Global Aerospace Winglets Market by Aircraft Type, by Platform Type, by Winglet Type, by Manufacturing Process, and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017-2022" report has been added to Research and Markets' offering.
The global aerospace winglets market was valued at US$ 297.0 million in 2016 and is expected to grow at a CAGR of 9.7% over the next five years to reach US$ 558.9 million in 2022
Increasing production rate of commercial and regional aircraft, certification of winglets as a standard equipment in the variants of the best-selling aircraft, such as B737 Max and A320neo family, increasing adoption rate of winglets by airlines in both the new as well as retrofit installations, winglet technology advancement, and increasing fleet size are the key drivers of the global aerospace winglets market.
Winglets reduce wingtip vortices, the twin whirlwinds formed by the difference between the pressure on the upper surface of an aircraft's wing and that on the lower surface. High pressure on the lower surface creates a natural airflow that makes its way to the wingtip and curls upward around it. When flow around the wingtips streams out behind the airplane, a vortex is formed.
This represents an energy loss and is strong enough to flip the aircraft. Overall, winglets are a proven way to reduce drag, enhance fuel efficiency, reduce CO2 and NOx emissions, and reduce community noise. The addition of winglets can also be used to increase the payload or range capabilities of the aircraft apart from reducing the fuel consumption.
Key Topics Covered:
1. Executive Summary
2. Global Aerospace Winglets Market: Overview and Market Forces
3. Global Aerospace Winglets Market - By Aircraft Type
4. Global Aerospace Winglets Market - By Platform Type
5. Global Aerospace Winglets Market - By Winglet Type
6. Global Aerospace Winglets Market - By Manufacturing Process
7. Global Aerospace Winglets Market - By Region
8. Competitive Analysis
9. Strategic Growth Opportunities
10. Company Profile of Key Players
- BLR Aerospace, LLC
- FACC AG
- GKN Aerospace
- Kaman Aerospace Aerostructures
- Korean Air Aerospace Division
- RUAG Aerostructure
For more information about this report visit https://www.researchandmarkets.com/research/5px62f/global_aerospace