PUBLISHER: The Business Research Company | PRODUCT CODE: 1727776
PUBLISHER: The Business Research Company | PRODUCT CODE: 1727776
Commercial aircraft wings are crucial aerodynamic structures that generate lift, enabling the aircraft to remain airborne. They are typically constructed from lightweight yet durable materials such as aluminum or composite materials to maintain an optimal balance between strength and weight. Designed to enhance airflow and ensure stability, these wings often incorporate fuel tanks, hydraulic systems, and landing gear components.
The primary types of commercial aircraft wings include swept-back wings, delta wings, straight wings, and others. A swept-back wing features a leading edge that angles backward from the aircraft's fuselage, making it suitable for various aircraft types, including narrow-body and wide-body planes. These wings serve different end users, including passenger aircraft, corporate jets, freighters, and more.
The commercial aircraft wings market research report is one of a series of new reports from The Business Research Company that provides commercial aircraft wings market statistics, including commercial aircraft wings industry global market size, regional shares, competitors with a commercial aircraft wings market share, detailed commercial aircraft wings market segments, market trends and opportunities, and any further data you may need to thrive in the commercial aircraft wings industry. This commercial aircraft wings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The commercial aircraft wings market size has grown strongly in recent years. It will grow from $39.64 billion in 2024 to $42.50 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. The growth during the historical period can be driven by increased defense spending, fleet replacements due to aging aircraft, sustainability initiatives, higher production rates, and advancements in wing manufacturing techniques.
The commercial aircraft wings market size is expected to see strong growth in the next few years. It will grow to $55.53 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period will be driven by fleet modernization programs emphasizing lightweight designs, enhanced regional connectivity, advancements in unmanned aerial vehicle technology, and the expansion of aviation leasing markets. Key trends include the rising demand for narrow-body aircraft, the transition to electric propulsion, improvements in wing aerodynamics, the development of modular wing designs, and a strong focus on noise reduction technologies.
The rising demand for air travel is expected to drive the growth of the commercial aircraft wings market in the coming years. Factors such as increasing disposable incomes, a growing middle-class population, and improved accessibility to affordable flights contribute to this demand. Commercial aircraft wings play a crucial role in generating lift, providing stability, enhancing fuel efficiency, and supporting structural integrity, all of which are essential for safe and efficient air travel. For example, in March 2024, the Bureau of Transportation Statistics, a US-based government agency, reported that 603,756 flights were operated in December 2023, representing 110.35% of the 547,134 flights conducted in December 2022. This indicates a year-over-year increase of 10.35%. Additionally, the number of flights in December 2023 rose by 0.80% compared to the 598,987 flights operated in November 2023. As a result, the increasing demand for air travel is fueling the expansion of the commercial aircraft wings market.
Leading companies in the commercial aircraft wings market are engaging in strategic collaborations to improve efficiency, reduce costs, and enhance overall aircraft wing performance. These collaborations involve partnerships between companies, organizations, or industries that leverage their combined expertise, resources, and capabilities to achieve common objectives. For example, in March 2022, Airbus SE, a Netherlands-based aircraft manufacturer, partnered with Spirit AeroSystems, a US-based aerospace company, to develop the wings for the CityAirbus NextGen, an all-electric vertical take-off and landing (eVTOL) aircraft. The wings, manufactured in Belfast, Northern Ireland, are designed to be lightweight and optimized for both hover and cruise modes. The CityAirbus NextGen is designed to transport up to four passengers over a range of 80 kilometers (50 miles) at a cruise speed of 120 kilometers per hour (75 mph).
In September 2024, The Boeing Company, a US-based aerospace company, acquired Spirit AeroSystems for $8.3 billion. This acquisition aims to strengthen Boeing's supply chain, improve operational efficiency, and secure key aircraft components, ensuring long-term competitiveness in the aerospace sector. Spirit AeroSystems is a US-based manufacturer specializing in aerostructures, including commercial aircraft wings.
Major players in the commercial aircraft wings market are Lockheed Martin Corporation, Boeing Company, Airbus SE, Northrop Grumman Corporation, Mitsubishi Heavy Industries Ltd., Kawasaki Heavy Industries Ltd., Arconic Corporation, Bombardier Inc., Precision Castparts Corp., Embraer S.A., GKN Aerospace Services Limited, Daher Socata SAS, Triumph Group Inc., SGL Carbon SE, Aernnova Aerospace S.A., RUAG Aerostructures AG, FACC AG, Natilus Inc., Jetzero Inc., and Aviation Partners Inc.
North America was the largest region in the commercial aircraft wings market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in commercial aircraft wings report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the commercial aircraft wings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The commercial aircraft wings market consists of sales of testing and monitoring systems, control surfaces and flight systems, fuel systems, and aerodynamic components. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Commercial Aircraft wings Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on commercial aircraft wings market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for commercial aircraft wings ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The commercial aircraft wings market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.