The Business Research Company’s report on the Amusement Parks Global Market Report 2025 Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the collapsible aircraft wings market’s growth in recent years?
Increasing investments in the defense and military sectors are expected to propel the growth of the collapsible aircraft wings market going forward. he defense and military sectors refer to segments of the economy and government dedicated to national defense, security, and military operations. The rise in defenses and military investment is due to rising national security threats, strategic priorities, economic factors, and political dynamics. Investments in aircraft wings used to span research and development, materials science, design, testing, manufacturing, integration, and certification, aimed at realizing the benefits of foldable wing technology for enhanced aircraft performance, flexibility, and operational capabilities. For instance, in April 2023, according to a report published by the Stockholm International Peace Research Institute, a Sweden-based international institute, global military spending witnessed a real-term increase of 3.7 percent, reaching a record high of $2,240 billion in 2022. Notably, military expenditure in Europe experienced significant growth, surging by 13 percent. The United States, contributing 39 percent to the world’s military spending, and China, with a 13 percent share, maintained their positions as the top two spenders. Therefore, increasing investments in the defense and military sectors are driving the growth of the collapsible aircraft wings market.
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How does the future projection of the collapsible aircraft wings market size compare to its historical growth?
The collapsible aircraft wings market size has grown strongly in recent years. It will grow from $2.6 billion in 2024 to $2.82 billion in 2025 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to military needs, transportation efficiency, storage space optimization, cost reduction.
The collapsible aircraft wings market size is expected to see strong growth in the next few years. It will grow to $3.85 billion in 2029 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to urban air mobility, commercial aviation, environmental regulations, emergency response and humanitarian aid, space exploration. Major trends in the forecast period include integration with electric propulsion, autonomy and unmanned aerial vehicles (UAVs), evolving urban air mobility (UAM) concepts.
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Which key players are shaping the future of the collapsible aircraft wings market?
Major companies operating in the collapsible aircraft wings market are Raytheon Technologies Corporation, The Boeing Company, Lockheed Martin Corporation, Airbus SE, General Dynamics Corporation, Northrop Grumman Corporation, Honeywell Aerospace, Mitsubishi Heavy Industries Ltd., BAE Systems plc, Safran S.A., Thales Group, L3Harris Technologies Inc., Textron Inc., Dassault Aviation SA, Bombardier Aviation, EHang Holdings Limited, Spirit AeroSystems Holdings Inc., Israel Aerospace Industries Ltd., Embraer S.A., Bell Textron Inc., Baykar Technologies, AeroVironment Inc., Yuneec International, Kawasaki Heavy Industries, RUAG Group
What trends will propel the growth and evolution of the collapsible aircraft wings market?
Major companies operating in the collapsible aircraft wings industry are adopting a strategic partnership approach to leverage emerging technologies and expand their market presence. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in March 2023, TATA Advanced Systems Ltd., an India-based aerospace company, partnered with Lockheed Martin, a US-based aerospace manufacturing company. This partnership aims to produce advanced aerospace technology in India, focusing on the F-16 Block 70 and C-130 aircraft, strengthening the aerospace industry, and enhancing India’s self-reliance in defense manufacturing. Furthermore, in March 2022, Airbus SE, a Netherlands-based aircraft manufacturing company, partnered with Spirit AeroSystems, a US-based manufacturer of aero systems. Through this collaboration, they aim to develop the wings for the next generation of Airbus eVTOL aircraft, optimize flight efficiency by balancing hover and cruise efficiency while effectively transmitting aerodynamic loads, and support Airbus’ exploration of disruptive aircraft design while complying with stringent regulations.
Which regions are expected to become dominant players in the collapsible aircraft wings market?
North America was the largest region in the collapsible aircraft wings market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the collapsible aircraft wings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What are the emerging key segments in the collapsible aircraft wings market, and how are they evolving?
The collapsible aircraft wings market covered in this report is segmented –
1) By Type: Single Wing, Multi Wing, Rotor Wing
2) By Material: Metal, Composite, Hybrid
3) By Application: Fixed Wing Aircraft, Rotary Aircraft, Unmanned Aerial Vehicle (UAVs), Other Applications
4) By End-User: Original Equipment Manufacturers, Maintenance, Repair, And Overhaul
Subsegments:
1) By Single Wing: Fixed Single Wing Systems, Deployable Single Wing Systems, Foldable Single Wing For Aircraft Storage, Single Wing for Vertical Take-Off And Landing (VTOL) Aircraft
2) By Multi Wing: Bi-Wing Systems, Tri-Wing and Multi-Wing Configurations, Folding Multi-Wing Aircraft For Space Efficiency, Multi-Wing Systems For Enhanced Lift And Stability
3) By Rotor Wing: Folding Rotor Blades For Helicopters, Collapsible Rotor Wings For VTOL Aircraft, Rotor Blade Mechanisms For Compact Storage, Composite Material Rotor Wings For Durability and Flexibility
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How is the collapsible aircraft wings market defined, and what are its core characteristics?
Collapsible aircraft wings refer to a type of aircraft wing design that incorporates mechanisms allowing the wings to fold or collapse partially or fully during certain phases of flight or for storage purposes. These wings are designed to optimize aerodynamic performance, improve maneuverability, and reduce the aircraft’s overall size.
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