Global Aircraft Floor Panels Market Share was worth USD 341.2 million in 2020, and it is estimated to reach a valuation of USD 415.5 million by the end of 2025, recording an annual growth rate of around 4% between 2020 and 2025.
Aircraft Floor Panels Market is designed to withstand the high compression loads of aircraft. Most of the materials used for floor panels are honeycomb structure composite materials. The honeycomb structure is sandwiched between strong and thin sheets. With a focus on light aircraft, the demand for light floor panels has also been recorded, and manufacturers are focusing on the production of light panels. In addition, design and manufacturing are carried out using advanced materials and systems to achieve specific properties such as stiffness, high strength, and durability. Advanced materials are used to manufacture floor panels, such as unidirectional fiberglass or carbon and epoxy resin systems. Floor heating panels have also been developed to provide heat in the room for the well-being of passengers and cabin crew.
Aircraft Floor Panels Market is geographically segmented by, North America Commercial Aircraft Floor Panels Market (United States, Canada), Europe Commercial Aircraft Floor Panels Industry ( United Kingdom, France, Germany, Spain, Italy), Asia Pacific Commercial Aircraft Floor Panels Industry ( China, India, Japan, South America, Australia, New Zealand, and South East Asia), Latin America Commercial Aircraft Floor Panels Industry (Brazil, Argentina, Mexico), Middle East and Africa Commercial Aircraft Floor Panels Industry (Saudi Arabia, United Arab Emirates, Lebanon, Jordan, Cyprus).
Aircraft Floor Panels Market Regional and Country Analysis:
The Asia-Pacific Commercial Aircraft Floor Panels Market is foreseen to generate the highest demand during the forecast period. The number of passengers in the region has been overgrowing in recent years and has become an essential driver of the aviation market. International and national passengers in developing countries such as China and India are on the rise. China is expected to outperform the United States in terms of air passenger traffic in the coming years.
Similarly, India is also ready to replace the United Kingdom in terms of domestic air passenger traffic over the next decade to become the third-largest aviation market. The commercial aviation industry is predicted to grow at a significant rate in North America and Europe. In addition, the presence of many floor panel manufacturers in North America will boost the growth of the regional commercial aircraft floor panel market during the projection period.
Aircraft Floor Panels Market Growth:
The increase in disposable income has increased air traffic, which led to the growth of the aircraft floor panel market later, with the production of regional and commercial aircraft.
Aircraft Floor Panels Market Drivers:
The size of the aircraft is also increasing, which requires more maintenance and replacement services for existing floor panels, which will further promote the growth of the global Commercial Aircraft Floor Panels Market during the evaluation period. As disposable income increases in many countries of the world, air traffic is expected to increase during the estimated period. This will promote the production of commercial and regional aircraft, which will accelerate the growth of the Commercial Aircraft Floor Panels Market during the forecast period. Also, with the development of floor technology, manufacturers are focusing on the development of floor panels for fire-retardant, light, low-smoke and thermal stability aircraft. This allows manufacturers to meet the previous needs of their customers and increase the demand for Commercial Aircraft Floor Panels Market during the projection period. Besides, Commercial Aircraft Floor Panels Market made of high-quality composite materials, such as aluminum honeycomb structures or Nomex honeycomb structures, are popular in the market and are widely used for floor applications in various types of aircraft.
Market Restraints:
Commercial Aircraft Floor Panels made of composite materials have high repair and maintenance costs, which may be the main reason for limiting the expected growth of the during the expected period. In addition, the high initial cost of commercial aircraft floor panels made of composite materials can always affect the growth of the global market during the outlook period. Also, the use of composite materials, such as aluminum honeycomb, limits the growth of the global Commercial Aircraft Floor Panels Business due to high maintenance costs.
Recent Developments in the Aircraft Floor Panels Industry:
Based on Aircraft Type:
Of these, the narrow-body planes are likely to remain the largest segment in the international market during the 2020-2024 forecast period.
Based on Core Material Type:
The Nomex honeycomb is being used more and more in the aviation industry, including floor panels, resulting in its higher market share.
Based on End-user:
The OEM segment is supposed to remain a more significant type of end-user as the demand for commercial and regional aircraft increases throughout the world during the forecast period. Both OEM and secondary market sales are presumed to show healthy growth over the next five years.
One of the Leading Company in the Competition:
Major aircraft manufacturers such as The Boeing Company, Airbus, Lockheed Martin, Bombardier Aerospace and Gulfstream Aerospace play an important role in terms of consumer base and end-use.
The main players in the global Aircraft Floor Panels market include:
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Commercial Aircraft Floor Panel Market, By Aircraft Type
6.1.1 Narrow-Body Aircraft
6.1.2 Wide-Body Aircraft
6.1.3 Very Large Aircraft
6.1.4 Regional Transport Aircraft
6.1.5 General Aviation
6.1.6 Market Size Estimations & Forecasts (2019-2024)
6.1.7 Y-o-Y Growth Rate Analysis
6.1.8 Market Attractiveness Index
6.2 Commercial Aircraft Floor Panel Market, By Core Material Type
6.2.1 Nomex Honeycomb
6.2.2 Aluminum Honeycomb
6.2.3 Market Size Estimations & Forecasts (2019-2024)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Commercial Aircraft Floor Panel Market, By End-User
6.3.1 OEM
6.3.2 Aftermarket
6.3.3 Market Size Estimations & Forecasts (2019-2024)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Aircraft Type
7.2.3 By Core Material Type
7.2.4 By End-User
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Aircraft Type
7.3.3 By Core Material Type
7.3.4 By End-User
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Aircraft Type
7.4.3 By Core Material Type
7.4.4 By End-User
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Aircraft Type
7.5.3 By Core Material Type
7.5.4 By End-User
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Aircraft Type
7.6.3 By Core Material Type
7.6.4 By End-User
8. Key Player Analysis
8.1 Zodiac Aerospace
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Rockwell Collins
8.3 Triumph Group
8.4 AIM Airlines
8.5 Nordam Group Inc
8.6 EnCore Group
8.7 Gill Corporation
8.8 The Boeing Company
8.9 Lockheed Martin Corp
8.10 Bombardier Aerospace
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
