Press release
Collapsible Aircraft Wings Industry is Expected to Reach $ 4.7 Billion by 2031 - DJI, Baykar Tech, Airbus, Embraer
Collapsible Aircraft Wings Market || 2024-2031
The advancement of next-generation carrier-based naval fighter jets is set to boost the global market. India is developing the twin-engine deck-based fighter (TEDBF), while China is testing a naval variant of its J-31 fifth-generation fighter jet. Additionally, the rising use of smaller drones for combat and anti-insurgency operations in Africa is driving demand for collapsible aircraft wings. Drones are crucial in combating jihadist insurgencies and separatist militias in regions like the Sahel and eastern Africa, leading to significant aftermarket demand for collapsible wings.
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Key Developments:
• In July 2023, Airbus, the European aircraft manufacturer, announced the development of a new narrow-body passenger airliner featuring collapsible wing tips.
• Similarly, in March 2023, U.S.-based aerospace startup Ptero Dynamics, which specializes in vertical takeoff and landing (VTOL) aircraft, secured $7.5 million in venture capital for expanding its R&D activities.
• Additionally, China began testing its new J-31 stealth fighter, equipped with collapsible wings, designed for its Fujian aircraft carrier. These advancements reflect growing interest in innovative wing technologies and their applications in both commercial and military aviation.
Market Dynamics:
Large-scale drone warfare has become prominent in recent conflicts, such as the Russia-Ukraine war and the Israel-Hamas conflict. Both sides in these wars use various UAVs for targeting infantry, armored vehicles, and artillery, as well as for surveillance and reconnaissance. The prevalence of drones has led to the obsolescence of some traditional battlefield tactics. Russia and Ukraine are leveraging battlefield experience to develop new drone technologies. Manufacturers are focusing on compact drones with collapsible wings for easy transport and are exploring autonomous drone swarms to breach enemy defenses, increasing the demand for collapsible wings.
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Market Segment:
By Type: Single Wing, Multi Wing, Rotor Wing
By Material: Metal, Composite, Hybrid
By Application: Fixed Wing Aircraft, Rotary Aircraft, UAVs, Others
By End-User: OEMs, MRO
Major Key Players:
• DJI
• Baykar Tech
• Airbus
• Embraer
• Boeing
• Lockheed Martin Corporation
• Dassault Aviation
• Russian Helicopters
• Bell Textron Inc.
• Northrop Grumman
*Note:
Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.
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