The article cited AMA's Global Aerospace Winglets Market Study explored substantial growth with CAGR of 7.9%. According the report, Growing Adoption of Composite Aircraft Winglets Propelled by Increasing Production of Composite based Aircraft Components is one of the primary growth factors for the market. Increasing Global Aircraft Production and Fleet Propelled by Increasing Demand & Supply of Commercial Planes due to Rising Passenger Traffic Across the World is also expected to contribute significantly to the Aerospace Winglets market. Overall, Narrow-Body applications of Aerospace Winglets, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.

AMA’s Analyst on the Global Aerospace Winglets market identified that the demand is rising in many different parts of the world as "Growing Concerns Towards Safer Take-off and Landings Will Create Large Opportunities for Winglet, Sharklets, and Fairing Manufacturers in the near Future ". Furthermore, some recent industry insights like "In June 2019, Korean Air Aerospace Division announced that it has signed a cooperation and research agreement with Airbus for their future Wings program" is constantly making the industry dynamic. One of the challenges that industry facing is "Deployment of Winglets in Short Wings can Increase the Danger of Flutter and Suspended Planned Production of Boeing 737 Max Series Hampering the Aerospace Components Market and thereby Winglets Technology"

The End Users, such as Original Equipment Manufacturers (OEMs), is boosting the Aerospace Winglets market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Platform, such as B737, is boosting the Aerospace Winglets market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Material, such as Composites, is boosting the Aerospace Winglets market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Manufacturing Process, such as Automated, is boosting the Aerospace Winglets market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Aerospace Winglets market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Aerospace Winglets market and other related sub-markets covered in the study.

o Key & emerging players in the Aerospace Winglets market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Aerospace Winglets market size is calculated using market estimation process, the Aerospace Winglets market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Aerospace Winglets market size has been validated using both top-down and bottom-up approaches.