Market Overview:
The global commercial aircraft wing market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for air travel, rising disposable income, and technological advancements in the aviation industry. The flat wing segment is expected to dominate the global commercial aircraft wing market during the forecast period owing to its low manufacturing cost and easy installation. However, with technological advancements, other types of wings such as sweepback wings, delta wings, and sweepforward wings are also gaining popularity among airlines due to their high efficiency and performance. In terms of application, subsonic aircraft is expected to account for a majority share of the global commercial aircraft wing market during the forecast period followed by hypersonic and supersonic aircrafts respectively.
Product Definition:
A commercial aircraft wing is a structure on the side of an airplane that provides lift. The wing also helps stabilize the plane and directs air over the engine.
Flat Wing:
Flat wing is a type of aircraft wing in which the entire surface of each panel or section of the wing is at a constant, acute angle to form an equilateral right-angle triangle. The design offers several advantages including high efficiency and low induced drag.
The flat-wing concept has been around for nearly two centuries but was not implemented on large scale until recently due to various challenges such as high structural weight, limited fuel capacity,.
Sweepback Wing:
Sweepback wing is a type of aerodynamic design used in aircraft wings to improve its efficiency. It helps in reducing the induced drag and increasing lift coefficient. The main objective of using this type of wing is to generate more lift with lesser power, which reduces fuel consumption and increases range.
The concept was originated by German designer Reimar Heuser while working at Northrop Grumman Corporation (U.S.
Application Insights:
The market is segmented by application into subsonic aircraft, transonic aircraft, hypersonic aircraft and supersonic aircraft. The subsonic segment dominated the global commercial Aircraft Wing market in terms of revenue share in 2017 owing to the increasing demand from low-cost carriers for short-haul regional air transportation. Moreover, with the growing penetration of low cost carriers across various regions due to rising disposable income levels among consumers as well as a healthy economic growth rate coupled with improving standard of living among several middle-class groups across developing countries such as India and China has led to an increased demand for passenger travel services at affordable fares that are primarily available on a discount basis through low cost carrier models. This trend is expected to continue over the forecast period thus driving product demand globally over the next eight years or so.
The transonic region accounted for a significant revenue share in 2017 owing to high usage rates of wings on large commercial airliners such as Boeing 747 jumbo jetliner.
Regional Analysis:
Asia Pacific dominated the global commercial aircraft wing market in 2016 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 60% in 2016 owing to increasing demand from emerging economies such as India, China, and Indonesia. Moreover, rising disposable income coupled with passenger traffic growth is anticipated to drive demand for air travel which will further boost industry expansion over the next eight years.
The Asia Pacific regional market was followed by Europe that accounted for a share of more than 20% in 2016 owing to high aerospace manufacturing standards prevalent across countries such as Germany, France Russia Italy among others.
North America also held a significant revenue share within the global market space due primarily on U.S.
Growth Factors:
- Increasing demand for air travel: The global commercial aircraft fleet is expected to grow at a CAGR of 3.5% from 2016 to 2021, reaching over 43,000 aircraft by 2021. This will create increased demand for new and replacement wings.
- Technological advancements: Aircraft wings are becoming increasingly complex as manufacturers strive to improve fuel efficiency and passenger comfort levels. This requires the use of advanced materials and innovative manufacturing techniques, which in turn drives the need for wing replacements and upgrades.
- Regulatory changes: Stringent emissions regulations are encouraging airlines to upgrade their fleets with more fuel-efficient aircraft models such as the Boeing 787 Dreamliner or Airbus A350 XWB . These planes require new wings that meet the latest environmental standards set by regulatory agencies such as the FAA or EASA .
- with total revenues reaching 6 billion . This improved financial outlook is likely to lead airlines invest in new aircraft models – including those that require updated wings – thereby boosting market growth prospects over the next few years 5) Growing popularity of regional jets : The market for regional jets is growing rapidly as airlines look for ways to serve smaller markets profitably . These planes typically have shorter ranges than larger commercial jets and therefore require smaller but equally specialized wing designs
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Aircraft Wing Market Research Report
By Type
Flat Wing, Sweepback Wing, Delta Wing, Sweepforward Wing, Other
By Application
Subsonic Aircraft, Hypersonic Aircraft, Supersonic Aircraft
By Companies
Airbus, Boeing, Bombardier, EMBRAER, Mitsubishi Aircraft, Lockheed Martin, United Technologies Corporation (UTC), General Dynamics Corporation, Northrop Grumman, Raytheon Company, GE Oil & Gas, Airborne Oil & Gas, Formosa Plastics, Shell, Chevron Oronite, Taghleef Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Aircraft Wing Market Report Segments:
The global Commercial Aircraft Wing market is segmented on the basis of:
Types
Flat Wing, Sweepback Wing, Delta Wing, Sweepforward Wing, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Subsonic Aircraft, Hypersonic Aircraft, Supersonic Aircraft
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Airbus
- Boeing
- Bombardier
- EMBRAER
- Mitsubishi Aircraft
- Lockheed Martin
- United Technologies Corporation (UTC)
- General Dynamics Corporation
- Northrop Grumman
- Raytheon Company
- GE Oil & Gas
- Airborne Oil & Gas
- Formosa Plastics
- Shell
- Chevron Oronite
- Taghleef Industries
Highlights of The Commercial Aircraft Wing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Flat Wing
- Sweepback Wing
- Delta Wing
- Sweepforward Wing
- Other
- By Application:
- Subsonic Aircraft
- Hypersonic Aircraft
- Supersonic Aircraft
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Commercial Aircraft Wing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A commercial aircraft wing is a type of aircraft wing that is used on large passenger and cargo planes. These wings are designed to carry a lot of weight and provide plenty of lift for the plane.
Some of the major players in the commercial aircraft wing market are Airbus, Boeing, Bombardier, EMBRAER, Mitsubishi Aircraft, Lockheed Martin, United Technologies Corporation (UTC), General Dynamics Corporation, Northrop Grumman, Raytheon Company, GE Oil & Gas, Airborne Oil & Gas, Formosa Plastics, Shell, Chevron Oronite, Taghleef Industries.
The commercial aircraft wing market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Commercial Aircraft Wing Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Commercial Aircraft Wing Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Commercial Aircraft Wing Market - Supply Chain
4.5. Global Commercial Aircraft Wing Market Forecast
4.5.1. Commercial Aircraft Wing Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Commercial Aircraft Wing Market Size (000 Units) and Y-o-Y Growth
4.5.3. Commercial Aircraft Wing Market Absolute $ Opportunity
5. Global Commercial Aircraft Wing Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Commercial Aircraft Wing Market Size and Volume Forecast by Type
5.3.1. Flat Wing
5.3.2. Sweepback Wing
5.3.3. Delta Wing
5.3.4. Sweepforward Wing
5.3.5. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Commercial Aircraft Wing Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Commercial Aircraft Wing Market Size and Volume Forecast by Application
6.3.1. Subsonic Aircraft
6.3.2. Hypersonic Aircraft
6.3.3. Supersonic Aircraft
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Commercial Aircraft Wing Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Commercial Aircraft Wing Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Commercial Aircraft Wing Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Commercial Aircraft Wing Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Commercial Aircraft Wing Demand Share Forecast, 2019-2026
9. North America Commercial Aircraft Wing Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Commercial Aircraft Wing Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Commercial Aircraft Wing Market Size and Volume Forecast by Application
9.4.1. Subsonic Aircraft
9.4.2. Hypersonic Aircraft
9.4.3. Supersonic Aircraft
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Commercial Aircraft Wing Market Size and Volume Forecast by Type
9.7.1. Flat Wing
9.7.2. Sweepback Wing
9.7.3. Delta Wing
9.7.4. Sweepforward Wing
9.7.5. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Commercial Aircraft Wing Demand Share Forecast, 2019-2026
10. Latin America Commercial Aircraft Wing Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Commercial Aircraft Wing Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Commercial Aircraft Wing Market Size and Volume Forecast by Application
10.4.1. Subsonic Aircraft
10.4.2. Hypersonic Aircraft
10.4.3. Supersonic Aircraft
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Commercial Aircraft Wing Market Size and Volume Forecast by Type
10.7.1. Flat Wing
10.7.2. Sweepback Wing
10.7.3. Delta Wing
10.7.4. Sweepforward Wing
10.7.5. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Commercial Aircraft Wing Demand Share Forecast, 2019-2026
11. Europe Commercial Aircraft Wing Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Commercial Aircraft Wing Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Commercial Aircraft Wing Market Size and Volume Forecast by Application
11.4.1. Subsonic Aircraft
11.4.2. Hypersonic Aircraft
11.4.3. Supersonic Aircraft
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Commercial Aircraft Wing Market Size and Volume Forecast by Type
11.7.1. Flat Wing
11.7.2. Sweepback Wing
11.7.3. Delta Wing
11.7.4. Sweepforward Wing
11.7.5. Other
11.8. BasisPoint Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Commercial Aircraft Wing Demand Share, 2019-2026
12. Asia Pacific Commercial Aircraft Wing Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Commercial Aircraft Wing Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Commercial Aircraft Wing Market Size and Volume Forecast by Application
12.4.1. Subsonic Aircraft
12.4.2. Hypersonic Aircraft
12.4.3. Supersonic Aircraft
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Commercial Aircraft Wing Market Size and Volume Forecast by Type
12.7.1. Flat Wing
12.7.2. Sweepback Wing
12.7.3. Delta Wing
12.7.4. Sweepforward Wing
12.7.5. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Commercial Aircraft Wing Demand Share, 2019-2026
13. Middle East & Africa Commercial Aircraft Wing Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Commercial Aircraft Wing Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Commercial Aircraft Wing Market Size and Volume Forecast by Application
13.4.1. Subsonic Aircraft
13.4.2. Hypersonic Aircraft
13.4.3. Supersonic Aircraft
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Commercial Aircraft Wing Market Size and Volume Forecast by Type
13.7.1. Flat Wing
13.7.2. Sweepback Wing
13.7.3. Delta Wing
13.7.4. Sweepforward Wing
13.7.5. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Commercial Aircraft Wing Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Commercial Aircraft Wing Market: Market Share Analysis
14.2. Commercial Aircraft Wing Distributors and Customers
14.3. Commercial Aircraft Wing Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Airbus
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Boeing
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bombardier
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. EMBRAER
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Mitsubishi Aircraft
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lockheed Martin
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. United Technologies Corporation (UTC)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. General Dynamics Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Northrop Grumman
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Raytheon Company
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. GE Oil & Gas
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Airborne Oil & Gas
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Formosa Plastics
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Shell
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Chevron Oronite
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Taghleef Industries
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook