Commercial Aircraft Wing Market Report 2024 (Global Edition)

Global Commercial Aircraft Wing Market Report 2024 Market Size Split by Type (Swept Back Wing, Delta Wing, Straight Wing), by Application (Passenger Aircraft, Corporate Jets, Freighter), by Platform (...

Commercial Aircraft Wing Market Report Description

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Competitive Landscape of the Commercial Aircraft Wing Market

The major players rapidly evolve with new strategies to attain a competitive edge and capture significant market share. The major commercial aircraft wing market participants emphasize expanding creative offerings to serve a large consumer base and gain a competitive benefit.

Commercial Aircraft Wing Industry News

• December 2020: Xeriant, Inc., along with CoFlow Jet, LLC, signed an agreement to develop and commercialize the active flow control airfoil technology, which enhances the air-lift capacity and cruise efficiency of fixed-wing commercial airplanes. This invention is based on electric vertical takeoff and landing aircraft technology.

(Source: www.globenewswire.com/en/news-release/2020/12/17/2146954/0/en/Xeriant-Signs-JV-LOI-with-Coflow-Jet-to-Develop-Revolutionary-Green-Wing-Technology.html)

Top Companies Market Share in Commercial Aircraft Wing Industry: (In no particular order of Rank)

• Airbus Group SE 
• Boeing Company
• Bombardier Inc.
• Embraer SA
• Ferra Engineering
• Harris Corporation
• LISI Aerospace SAS
• Mitsubishi Aircraft Corp.
• RUAG Aerostructures
• SGL Carbon SE
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

In terms of revenue, the North American Commercial Aircraft Wing Market share was 40% of the total market

According to Cognitive Market Research, North America dominated the market in 2023 and accounted for around 40% of the global revenue, owing to the robust aerospace industry, technological innovations, and high demand for fuel-efficient and lightweight wing designs. Advancements in materials, aerodynamics, and manufacturing processes contribute to enhanced fuel efficiency and decreased environmental impact. The region's emphasis on research and development and stringent safety and emission regulations fuel the adoption of cutting-edge wing technologies. The market's growth aligns with North America's position as a key hub for aviation innovation and manufacturing.

Europe is the fastest-growing region due to a surge in demand for fuel-efficient and aerodynamically optimized wings. Efforts to reduce emissions and operational costs propel the development of advanced wing designs, including winglets and composite materials. Moreover, the region's commitment to sustainable aviation aligns with the continuous innovation in wing technologies, making Europe a key contributor to the evolution of commercial aircraft wings.

The current report Scope analyzes Commercial Aircraft Wing Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Commercial Aircraft Wing Market

According to Cognitive Market Research, the global commercial aircraft wing market size was estimated at USD 38154.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 15261.68 million in 2023 and will extend at a compound annual growth rate (CAGR) of 5.1% from 2023 to 2030 due to technological innovations and the demand for fuel-efficient and aerodynamically advanced wings. As the region focuses on sustainability, manufacturers invest in wing designs that enhance aircraft performance and reduce environmental impact. According to Cognitive Market Research, using straight wings contributes to simplicity, fuel efficiency, and suitability for short takeoff and landing (STOL) applications, enhancing market growth in the region. In conclusion, in North America, the commercial aircraft wing market is driven by technological advancements, fuel efficiency demands, and a flourishing aviation industry, ensuring sustained innovation and market expansion.

• According to Cognitive Market Research, the US had a major share in the commercial aircraft wing market, with a market size of USD 12041.47 million in 2023, and is projected to grow at a CAGR of 4.9% during the forecast period. This is due to technological advancement. 
• The Canadian commercial aircraft wing market had a market share of USD 1831.40 million in 2023 and is projected to extend at a CAGR of 5.9% during the forecast period. This is due to the growing need for combat aircraft from the Royal Canadian Air Force.
• The Mexico commercial aircraft wing industry is projected to grow at a CAGR of 5.6% during the forecast period, with a market size of USD 1388.81 million in 2023.

Europe Commercial Aircraft Wing Market

According to Cognitive Market Research, the global commercial aircraft wing market size was estimated at USD 38154.2 Million, out of which Europe held the major market of more than 30% of the global revenue with a market size of USD 11446.26 million in 2023 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030 due to region's commitment to sustainable aviation. Emphasis on fuel efficiency, aerodynamics, and lightweight materials fosters innovation, meeting environmental standards and aligning with the European aviation industry's focus on reducing carbon emissions. According to Cognitive Market Research, the region's increased demand for fuel-efficient and technologically advanced wings to enhance overall aircraft performance and fuel economy propels the market in the region. In conclusion, technological advancements drive the European commercial aircraft wing market is driven by the region's commitment to aviation excellence, contributing to a dynamic and competitive aerospace landscape.

• According to Cognitive Market Research, the German commercial aircraft wing market size was valued at USD 2266.36 million in 2023 and is projected to grow at a CAGR of 5.6% during the forecast period due to stringent aviation safety standards and a focus on passenger protection. 
• The United Kingdom commercial aircraft wing market had a market share of USD 1922.97 million in 2023 and is projected to grow at a CAGR of 6.2% during the forecast period. This is due to increasing aircraft operational and flight safety activities. 
• The French commercial aircraft wing market is projected to grow at a CAGR of 4.6% during the forecast period, with a market size of USD 1053.06 million in 2023.
• The Italian commercial aircraft wing market is projected to grow at a CAGR of 4.8% during the forecast period, with a market size of USD 984.38 million in 2023.
• The Russian commercial aircraft wing market is projected to grow at a CAGR of 4.4% during the forecast period, with a market size of USD 1774.17 million in 2023.
• The Spanish commercial aircraft wing market is projected to grow at a CAGR of 4.5% during the forecast period, with a market size of USD 938.59 million in 2023.
• The Luxembourg commercial aircraft wing market is projected to grow at a CAGR of 5.5% during the forecast period, with a market size of USD 354.83 million in 2023.
• The Portugal commercial aircraft wing market is projected to grow at a CAGR of 5.2% during the projected period, with a market size of USD 240.37 million in 2023.
• The Greece commercial aircraft wing market is projected to grow at a CAGR of 5.7% during the forecast period, with a market size of USD 137.36 million in 2023.
• The Rest of Europe's commercial aircraft wing market is projected to grow at a CAGR of 4.1% during the forecast period, with a market size of USD 1774.17 million in 2023.

Asia Pacific Commercial Aircraft Wing Market

According to Cognitive Market Research, the global commercial aircraft wing market size was estimated at USD 38154.2 Million, out of which Asia Pacific held the market of more than 23% of the global revenue with market size of USD 8775.47 million in 2023 and will grow at a compound annual growth rate (CAGR) of 8.9% from 2023 to 2030 due to the region's increasing demand for air travel, fleet expansion, and the need for fuel-efficient wing designs to meet sustainability goals, positioning the region as a key player in the global aviation market. According to Cognitive Market Research, increased demand for private jets and business aircraft drives the need for advanced, fuel-efficient wings, reflecting the expanding business aviation landscape in the region. In conclusion, the Asia Pacific commercial aircraft wing market is driven by the region's surging demand for air travel and the continuous modernization of aviation fleets.

• According to Cognitive Market Research, the size of the China commercial aircraft wing market was valued at USD 3948.96 million in 2023 and is projected to extend at a CAGR of 8.4% over the forecast period. This is due to the presence of several prominent aircraft manufacturers.
• The Indian commercial aircraft wing market had a market share of USD 1053.06 million in 2023 and is projected to grow at a CAGR of 10.7% during the forecast period. This is owing to the rising investments in the aerospace industry.
• The Japan commercial aircraft wing market is projected to grow at a CAGR of 7.4% during the forecast period, with a market size of USD 1211.01 million in 2023.
• The South Korean commercial aircraft wing market is projected to grow at a CAGR of 8.0% during the forecast period, with a market size of USD 877.55 million in 2023.
• The Australian commercial aircraft wing market is projected to grow at a CAGR of 8.6% during the forecast period, with a market size of USD 456.32 million in 2023.
• The South East Asia commercial aircraft wing market is projected to grow at a CAGR of 9.9% over the projected period, with a market size of USD 605.51 million in 2023.
• The Rest of Asia Pacific commercial aircraft wing market is projected to grow at a CAGR of 8.7% during the forecast period, with a market size of USD 623.06 million in 2023.

South America Commercial Aircraft Wing Market

According to Cognitive Market Research, the global commercial aircraft wing market size was estimated at USD 38154.2 Million, out of which the Latin America market has more than 5% of the global revenue with market size of USD 1907.71 million in 2023 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2023 to 2030 due to the region's increasing air travel demand, fleet modernization initiatives, and the pursuit of fuel-efficient and aerodynamically advanced wing designs, reflecting the continuous growth and development in the aviation sector. According to Cognitive Market Research, swept-back wings enhance aerodynamic efficiency, fuel economy, and overall performance, aligning with the region's focus on modernizing aviation fleets for increased operational efficiency. In conclusion, in Latin America, commercial aircraft wings are driven by increasing air travel demand and modernization initiatives in the region's aviation industry.

• According to Cognitive Market Research, the size of the Brazil commercial aircraft wing market was valued at USD 816.50 million in 2023 and is projected to grow at a CAGR of 6.9% during the forecast period. This is mainly due to growing investments in the aerospace industry.
• The Argentina commercial aircraft wing market had a market share of USD 320.50 million in 2023 and is projected to grow at a CAGR of 7.2% during the forecast period. This is due to the expansion of the commercial aerospace industry.
• The Colombia commercial aircraft wing market is projected to grow at a CAGR of 6.1% during the forecast period, with a market size of USD 169.79 million in 2023.
• The Peru commercial aircraft wing market is projected to grow at a CAGR of 6.5% during the forecast period, with a market size of USD 156.43 million in 2023.
• The Chile commercial aircraft wing market is projected to extend at a CAGR of 6.6% during the forecast period, with a market size of USD 137.36 million in 2023.
• The Rest of Latin America's commercial aircraft wing market is projected to grow at a CAGR of 5.4% during the forecast period, with a market size of USD 307.14 million in 2023.

Middle East and Africa Commercial Aircraft Wing Market

According to Cognitive Market Research, the global commercial aircraft wing market size was estimated at USD 38154.2 Million, out of which Middle East and Africa held the major market of more than 2% of the global revenue with a market size of USD 763.08 million in 2023 and will extend at a compound annual growth rate (CAGR) of 6.6% from 2023 to 2030 due to region's growing demand for fuel-efficient and technologically advanced aircraft. Airlines in the region seek modernized wings to enhance fuel efficiency, reduce emissions, and meet stringent environmental regulations while ensuring operational excellence. According to Cognitive Market Research, straight wing enhances stability and fuel efficiency, catering to the region's growing aviation sector with a focus on economical and reliable air travel solutions. In conclusion, the MEA commercial aircraft wing is driven by the region's increasing demand for advanced aircraft and aviation technology.

• According to Cognitive Market Research, the GCC Countries' commercial aircraft wing market size was valued at USD 326.60 million in 2023 and is projected to grow at a CAGR of 7.4% during the forecast period. This is due to increasing spending on cost-effective aircraft wing technologies.
• The South Africa commercial aircraft wing market had a market share of USD 120.57 million in 2023 and is projected to expand at a CAGR of 7.6% during the projected period. This is due to the rising aviation safety and compliance with stringent safety regulations. 
• The Egypt commercial aircraft wing market is projected to grow at a CAGR of 6.9% during the forecast period, with a market size of USD 80.12 million in 2023.
• The Turkish commercial aircraft wing market is projected to grow at a CAGR of 6.1% during the projected period, with a market size of USD 65.63 million in 2023.
• The Nigeria commercial aircraft wing market is anticipated to grow at a CAGR of 5.7% during the forecast period, with a market size of USD 80.12 million in 2023.
• The Rest of MEA commercial aircraft wing market is projected to grow at a CAGR of 5.6%, with a market size of USD 90.04 million in 2023.

Commercial Aircraft Wing Market Analysis

Commercial Aircraft Wing Type Segment Analysis

According to Cognitive Market Research, delta wing a prominent market stake. A single lift fan and airfoil are used to construct the delta wing. On the wing's leading edge, the fan provides low pressure, while the airfoil creates high pressure on the following edge. Together, they enable Delta Wing to fly at a very high speed and extremely minimal drag. Commercial airplanes have been suggested to utilize this kind of wing.

Retractables are the fastest-growing category over the forecast period due to the rising demand for retractable systems. Retractable landing gear enhances aerodynamics, fuel efficiency, and overall aircraft performance, reflecting the aviation industry's continuous pursuit of technological advancements and operational optimization.

• Swept Back Wing
• Delta Wing
• Straight Wing

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Commercial Aircraft Wing Industry. Request a Free Sample PDF!

Commercial Aircraft Wing Application Segment Analysis

According to Cognitive Market Research, passenger aircraft held a significant market stake over the prediction period due to increasing demand for advanced wing technologies, especially in passenger aircraft. Innovations such as winglets, improved aerodynamics, and fuel-efficient designs enhance fuel efficiency, reduce emissions, and address the growing need for sustainable and cost-effective solutions in the aviation industry.

The freighter is the fastest-growing category over the projected period due to the rise of e-commerce and global trade fuels the need for dedicated freighter planes with efficient wing designs, accommodating increased cargo capacity and optimizing fuel efficiency, driving advancements in commercial aircraft wing technologies.

• Passenger Aircraft
• Corporate Jets
• Freighter

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Commercial Aircraft Wing Platform Segment Analysis

According to Cognitive Market Research, general aviation holds a prominent market stake due to growing interest in private and recreational flying, coupled with advancements in general aviation aircraft, which fuels the need for efficient and advanced wings, driving innovation and growth in the commercial aircraft wing market.

Commercial aviation is the fastest-growing category over the projected period due to increasing air travel demands leading to higher production rates, fueling the need for innovative and efficient wing designs to improve fuel efficiency, reduce emissions, and enhance overall aircraft performance, aligning with the dynamic requirements of the global commercial aviation industry.

• Commercial Aviation
• Business Aviation
• General Aviation

Commercial Aircraft Wing Material Segment Analysis

• Steel
• Aluminium
• Composites

Author's Detail

Anjali Lawand

Research Associate at Cognitive Market Research

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Anjali Lawand is an accomplished market researcher with a distinct focus on the intricate sector of the Aerospace and Defense. Driven by an unshakable analytical prowess and an insatiable appetite for technological progress, she has committed more than ten years to immersing herself in the ever-evolving panorama that molds the trajectory of aviation, space exploration, and the critical sphere of national security.

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