Lucintel's latest market report analyzed that winglet provides attractive opportunities in the commercial aircraft, regional jets, business jets, and military aircraft type segments. The winglet market is expected to reach $XX billion by 2028 with a CAGR of 7% to 9%. In this market, blended winglet is the largest segment by winglet type, whereas commercial aircraft is largest by aircraft type. Increasing demand for environment-friendly and fuel-efficient aircraft, and an increase in post pandemic air travel provides strategic growth path in this market.

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Based on winglet type, the winglet market is segmented into blended winglet, raked wingtip, split scimitar winglet, advanced technology winglets, sharklet, wingtip fence, and others. The blended winglet segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to as these winglets are crucial in lowering carbon dioxide emissions and improving airplane fuel economy.

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The Winglet Market is marked by the presence of several big and small players. Some of the prominent players offering winglet include Aviation Partners Inc., Aviation Partners Boeing, Kaman Corporation,GKN Aerospace, FACC AG.

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