As per the research report titled ‘Winglets Market Size By Winglet Type, By Aircraft Type, By Platform Type, By Fit, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026’ available with Market Study Report, global winglets market is estimated to acquire noteworthy traction in terms of demand during 2019-2026.
 

The business intelligence report claims that wide range of surveillance mission and defense aircrafts coupled with escalating demand from the military sector are augmenting the growth of global winglets market size.
 

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Based on winglet type, winglets industry share is segmented into wingtip fences, sharklet, advanced technology winglets, split scimitar winglets, raked wingtip, blended winglets, and others. Among these, the advanced technology winglet segment accounted for USD 250 million in 2018 and is expected to record significant growth through 2026.
 

The split scimitar winglet segment reflected a 7.4% revenue share in 2018 and is predicted to register a 3% CAGR over the forecast period. Moreover, the wingtip fence segment is also calculated to record a 3% CAGR through 2026.
 

With regards to aircraft type, the narrow-body commercial aircraft segment accounted for USD 1 billion in 2018 and is expected to grow with a 9.5% CAGR over 2019-2026. The military aircraft segment is estimated to record a CAGR of 6.5% over the forecast period, owing to widespread applications of winglets along with rising adoption for medical evacuation operations.
 

Moving on to platform type, the B737 MAX segment captured 9% of the global winglets market share in the year 2018 and will show similar growth through 2026. On the other hand, the B777 segment is calculated to register a 10.5% CAGR during 2019-2026.
 

Speaking of geographical spectrum, Latin America accounts for 3% of the global winglets market share and is projected to attain considerable expansion during the analysis timeframe, on account of increasing production volume of regional and business jets.
 

Alternatively, Middle East & Africa winglets market is calculated to exhibit a CAGR of 10% over 2019-2026, primarily due to shifting focus of aircraft MROs towards the region.
 

Prominent players that define the global winglets industry trends are Hyune Aero-Specialty Inc., Tamarack Aerospace Group, Inc., Aviation Partners, Inc., Winglet Technology, LLC, RUAG Aerostructures, Korean Air Aerospace Division, Kaman Corporation, GKN Ltd., and FACC AG.