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(Transportation-News.com, August 22, 2017 ) 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.
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The supply chain of this market comprises raw material manufacturers, winglet manufacturers, aerospace OEMs, and airline companies. The raw material manufacturers are Rio Tinto, Toray Industries, Hexcel, M C Gill, and Cytec. The key aerospace OEMs are Boeing, Airbus, Comac, Bombardier, Embraer, Cessna, and Gulfstream.
The key winglet manufacturers are FACC AG, Korean Air Aerospace Division, RUAG Aerostructures, GKN Aerospace, Winglet Technology LLC, and BLR Aerospace LLC. New product development, collaboration with OEMs, and formation of long-term contracts with OEMs are the key strategies adopted by the key players to gain a competitive edge in the market.
Report Features:
-Attractive market segments and associated growth opportunities
-Emerging trends
-Strategic growth opportunities for the existing and new players
-Key success factors
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Segmented into Following Categories:
Aircraft Type:
Narrow-Body Aircraft
Wide-Body Aircraft
Very Large Aircraft
Regional Aircraft
General Aviation
Platform Type:
B737
B747
B777
B787
A320 Family
A330 / A340
A350XWB
Winglet Type:
Advanced Technology Winglets
Blended Winglets
Elliptical Winglets
Raked Winglets
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