Press release
Collapsible Aircraft Wings Market: Driving Rapid Expansion with Strong Future CAGR by 2024-2031 | DJI, Baykar Tech, Airbus
Collapsible Aircraft Wings Market || 2024-2031
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What is the projected growth rate (CAGR) of the Global Collapsible Aircraft Wings market from 2024 to 2031, and what is the market value expected to change by 2031?
Global Collapsible Aircraft Wings Market reached US$ 2.5 billion in 2022 and is expected to reach US$ 4.7 billion by 2031, growing with a CAGR of 8.2% during the forecast period 2024-2031.
What is Collapsible Aircraft Wings Market?
Collapsible aircraft wings refer to innovative wing designs that can be retracted or folded for various operational advantages, such as improved aerodynamics, reduced storage space, or enhanced maneuverability.
Growth Driver
The rise of drone warfare has become prominent in recent conflicts, such as the Russia-Ukraine war and the Israel-Hamas conflict, where various UAVs are employed for targeting and surveillance. This extensive use of drones has transformed traditional battlefield tactics, as both sides leverage their experiences to develop new drone technologies. Manufacturers are focusing on creating compact drones with collapsible wings for easier transport and are exploring autonomous drone swarms to enhance tactical advantages. As innovation continues, the demand for these advanced drone features is expected to grow significantly.
Key Players:
Profiles of some of the major players in the global Collapsible Aircraft Wings market, which include DJI, Baykar Tech, Airbus, Embraer, Boeing, Lockheed Martin Corporation, Dassault Aviation, Russian Helicopters, Bell Textron Inc. and Northrop Grumman.
Industry Development:
In July 2023, Airbus announced its development of a new narrow-body passenger airliner featuring collapsible wing tips.
In March 2023, Ptero Dynamics, a U.S.-based aerospace startup focused on vertical takeoff and landing (VTOL) aircraft, secured US$7.5 million in venture capital to expand its research and development activities.
Additionally, in July 2023, China commenced testing its new J-31 stealth fighter, designed with collapsible wings, intended for use with its Fujian aircraft carrier.
The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Collapsible Aircraft Wings market.
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Market Segments:
The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviors.
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
Regional Break out:
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Rest of South America
☞ Middle East and Africa
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➧ Stay updated with emerging market trends, technological advancements, and customer behaviour to refine your strategy.
➧ Receive actionable insights and recommendations to drive your business toward growth and long-term success.
➧ Tailor competitive intelligence to your unique business needs, ensuring relevant and focused analysis.
➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.
➧ Understand key players, stakeholders, and partnerships to navigate the competitive landscape more effectively.
➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviors.
➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.
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Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
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Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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Summary
Orbis Research Present's Global Commercial Aircraft Wing Market 2017-2021 Major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Description
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