Lewes, DE -- (SBWire) -- 03/28/2017 --Report forecast the global commercial aircraft wing market to grow at a CAGR of 7.61% during the period 2017-2021.
Aircraft wings generate the upward aerodynamic force, lift, which is caused by the aircraft's forward airspeed, and depends on shape of the wings. The shape of wings depends on airfoil shape that is designed to generate lift of vertical motion to counter the weight of an aircraft.
The report covers the present scenario and the growth prospects of the global commercial aircraft wing market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one driver in market is advent of new wing designs to enhance aircraft efficiency. The shape and design of aircraft wings play an important role in defining aircraft operations. For aircraft airframe, the wing is a vital element that enhances aircraft performance and maintains operating costs within specified limits. The fundamental aim of aircraft design is to generate the required lift at streamline airflow while minimizing drag and weight acting on the aircraft. This phenomenon results in low fuel consumption and high cruise range. However, optimizing an aircraft wing design with such requirements is often challenging as wing structure cannot attain both minimum drag design as well as minimum weight design.
Further, the report states that one challenge in market is manufacturing and procedural constraints. Airlines face challenges during retrofit projects, i.e., while replacing old components with new ones. The processes involve additional costs, cumbersome certification processes, and limited expertise to conduct verification. Also, public support is often required to implement advanced systems, since an infrastructure needs to established. Further, for the aerospace domain, the stakeholders need to meet stringent environmental regulations to avoid penalization. These rules can exist at federal, state, and local levels. After the systems, have been integrated, a list of authentication checks and certification processes follows. They include certification from organizations like Federal Aviation Administration (FAA) or European Aviation Safety Agency (EASA).
Global Commercial Aircraft Wing Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the global commercial aircraft wing market: Airbus, Boeing, Bombardier, EMBRAER, and Mitsubishi Aircraft.
Other Prominent Vendors in the market are: HITCO Carbon Composites, LISI AEROSPACE, RUAG Aerostructures, TRIUMPH GROUP, Exelis (Harris), Ferra Engineering, and TAL Manufacturing Solutions.
Market driver
- Improved aircraft stability factor with wing flight control surfaces.
- For a full, detailed list, view our report
Market challenge
- Complexities of composites for aircraft wing.
- For a full, detailed list, view our report
Market trend
- Employing 3D printing for cost-effective manufacturing.
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 80 pages "Global Commercial Aircraft Wing Market 2017 - 2021" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by aircraft type, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Innovations landscape, Vendor landscape, Key vendor analysis, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-commercial-aircraft-wing-market-2017-2021
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