The winglets market size has grown strongly in recent years. It will grow from $2.87 billion in 2024 to $3.11 billion in 2025 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to fuel efficiency and performance enhancement, regulatory pressure for emissions reduction, increased focus on operating cost reduction, aircraft fleet upgrades and retrofits, market competition and airline differentiation
The winglets market size is expected to see strong growth in the next few years. It will grow to $4.21 billion in 2029 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to the emergence of next-generation aircraft, global growth in air travel demand, sustainability and emission reduction goals, advancements in winglet design and materials, and ongoing aircraft retrofit programs. Major trends in the forecast period include enhanced range and payload capacity, OEM collaboration with winglet manufacturers, advancements in winglet materials, application in business and regional aircraft, regulatory support and certification.
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How have varous drivers impacted the growth of the winglets market?
The increasing aircraft production is expected to propel the growth of the winglets market going forward. Aircraft production refers to designing, manufacturing, and assembling aircraft, including commercial and military aircraft. Winglets are used in aircraft production to improve aerodynamic performance and fuel efficiency. For instance, according Airbus SE, a France-based aerospace corporation, Airbus delivered 735 commercial aircrafts to 87 customers around the world in 2023, an 11% increase from 2022. Therefore, the increasing aircraft production is driving the growth of the winglets market.
What are the primary segments of the winglets market?
The winglets market covered in this report is segmented –
1) By Winglet Type: Sharklets, Split Scimitar Winglets, Wingtip Fences, Blended Winglets, Other Winglet Types
2) By Fit: Line Fit, Retrofit
3) By End Use: Civil Aircraft, Military Aircraft, Commercial And Cargo Aircraft
Subsegments:
1) By Sharklets: Standard Sharklets, Advanced Sharklets
2) By Split Scimitar Winglets: Single Split Scimitar Winglets, Dual Split Scimitar Winglets
3) By Wingtip Fences: Fixed Wingtip Fences, Movable Wingtip Fences
4) By Blended Winglets: Conventional Blended Winglets, Advanced Blended Winglets
5) By Other Winglet Types: Curved Winglets, Vertical Winglets, Hybrid Winglets
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Which firms are leading the winglets market?
Major companies operating in the winglets market include Airbus SE, The Boeing Company, Mitsubishi Heavy Industries Ltd, PPG Aerospace, Melrose Industries Plc, Gulfstream Aerospace Corporation, Dassault Aviation, Bombardier Aerospace, Textron Aviation Inc., Spirit AeroSystems Holdings, Israel Aircraft Industries, Embraer S.A., Daher, RUAG Holding, Aernnova Aerospace S.A., FACC AG, GKN Aerospace, Honda Aircraft Company, Viking Air Limited, BLR Aerospace, Applied Composites Engineering, SyberJet Aircraft, Vortex Aviation Inc., Aviation Partners Inc., Aviation Partners Boeing (APB), Tamarack Aerospace Group, Yankee Composites, Winglet Technology LLC, The Aircraft Performance Company GmbH
How will industry trends affect the trajectory of the winglets market?
Major companies in the winglets market are focusing on advancements in aerodynamics and fuel efficiency, introducing innovative designs and materials that strengthen aircraft performance and sustainability in the aviation industry. The King Air C-90 Winglet Series LED lighting system is an upgrade that replaces traditional incandescent lights with more efficient LED lights on the aircraft’s winglets and tail, enhancing visibility and reliability. For instance, in October 2022, BLR Aerospace LLC, a US-based aerospace company, launched King Air C-90 Winglet Series LED lighting system upgrade for tail and winglets. The light package is a turn-key solution that upgrades the forward position, forward anti-collision, forward recognition, rear position, and rear anti-collision lights from incandescent to LED. It directly converts power into light, operates 10x more efficiently than incandescent, draws far less current than conventional lighting, and allows for a lower-voltage power supply.
Which geographic trends are shaping the winglets market, and which region has the highest market share?
North America was the largest region in the winglets market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the winglets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does The Winglets Market Report 2025 Offer?
The winglets market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Winglets refer to aerodynamic devices attached to the tips of an aircraft’s wings, typically upward or downward-curved extensions that serve multiple purposes to improve the performance and efficiency of the aircraft. It enhances the overall aerodynamic performance of the aircraft, resulting in smoother and more efficient flight. The primary function of winglets is to minimize drag and to improve fuel efficiency.
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