Commercial Aircraft Wings Market: Introduction
Wings are one of the most essential parts of an aircraft. For the airplane to fly, the weight of the airplane, passenger fuel, etc., should be lifted and wings play an important part in the process. Wings are structured with streamlined cross-section in order to produce and ensure proper aerodynamic forces. The design and shape of a commercial aircraft wings is taken into critical consideration owing to its three dimensional shape used for lift and drag. In order to safeguard appropriate and maintained efficiency, comfort, safety and reliability, the commercial aircraft wings are witnessing several innovation in terms of design and technology. Growing demand in performance and production rates of aircrafts is estimated to fuel the demand for advanced commercial aircraft wings. This in turns is expected to contribute to the growth of the global commercial aircraft wings market in the coming years.
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Commercial Aircraft Wings Market: Dynamics
The air travel passengers are increasing day-by-day across the globe, with an establishment of more than 700 routes for better connectivity. According to the International Air Transport Association, the Asia Pacific passenger traffic rose by 8.3% in 2016. Which is more than the average growth of the last five years, i.e., 6.9%. This growth in passenger traffic is estimated to drive the market of commercial aircraft wings market during the forecast period.
The replacement of aging aircrafts is also estimated to boost the demand for commercial aircrafts wings. According to an estimate by the leading aircraft manufacturer, Airbus, it is projected that nearly 11,000 passenger aircrafts need to be replaced, largely in the single-aisle segment in the next two decades. Emerging environmental concerns, new regulations and airspace modernization will also contribute to larger backlog of aircraft orders consequently adding to the commercial aircraft wings market
Growing demand for lightweight materials with several properties such as high strength, good electrical and thermal conductivity, good chemical resistance, corrosion resistance, and temperature resistance can be a very complex task for the manufacturers. In order to maintain the position in the global commercial aircraft wings market, the manufacturers may have to strategically focus on their research and development sector to develop a range of innovations in the technology.
The ongoing trend gaining momentum in the global commercial aircraft wings market is the increasing demand for usage of alternative materials. At present, aluminium alloy is used as a material in aircraft wings. However, due to it’s certain disadvantages manufacturers are seeking for new materials such as titanium, aramid fabrics, and glass reinforced fibres, among others.
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Commercial Aircraft Wings Market: Segmentation
The global commercial aircraft wings market can be segmented by type of commercial aircraft, type of wing, shape of wing and aspect ratio.
By type of commercial aircraft, the global commercial aircraft wings market is segmented as:
- Passenger Aircraft
- Corporate jets
- Freighter
- Others
By type of wing, the global commercial aircraft wings market is segmented as:
- Fixed-wing aircraft
- Rotary wing aircraft
By shape of wing, the global commercial aircraft wings market is segmented as:
- Delta wing
- Straight wing
- Swept back wing
By aspect ratio, the global commercial aircraft wings market is segmented as:
- Low aspect ratio
- Moderate aspect ratio
- High aspect ratio
Commercial Aircraft Wings Market: Regional Outlook
With the increasing number of airports and modernization of the existing ones, the global commercial aircraft wings market is expected to witness a significant growth during the forecast period. Presence of large number of manufacturers in North America and Europe is expected to contribute to the growth of the commercial aircraft wings market. Growing economy and foreign investment in Japan and various countries of Asia Pacific are influencing the growth of the aviation industry, which consequently is expected to drive the growth of the market for commercial aircraft wings in the region during the forecast period.
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Commercial Aircraft Wings Market: Key Participants
Examples of some of the key participants operating in the global commercial aircraft wings market are:
- Airbus Group
- The Boeing Company
- Bombardier Aerospace
- General Dynamics Corporation
- United Technologies Corporation
- Lockheed Martin Corporation
- Saab
- Mitsubishi Heavy Industries Ltd.