Global Commercial Aircraft Wing Market 2017-2021

New Report Released: – Global Commercial Aircraft Wing Market 2017-2021

The author of the report recognizes the following companies as the 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.

Commenting on the report, an analyst from the research team said: “One trend in market is emergence of thin wings. Globally, the airline market is facing challenges with respect to operational costs. Around 40% of the operational costs constitute of the fuel cost. In order to reduce the fuel consumption and increase the operational efficiency, the OEMs are focusing on designing an efficient aircraft model featuring a lighter wing. Currently, NASA and Boeing are working together to design and develop a longer, thinner, and lighter aircraft wing. As a part of NASA’s Advanced Air Transport Technology project, they are developing a trust-braced wing.”

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).

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.