Aircraft Floor Panel Market

Aircraft Floor Panel Market Size (2022 to 2027)

The global aircraft floor panel market was worth USD 341.2 million in 2021, and it is estimated to reach a valuation of USD 431.73 million by the end of 2027 from USD 354.85 million in 2022, registering a CAGR of 4% from 2022 to 2027. 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.

The aircraft floor panel 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 producing 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.

MARKET DRIVERS:

The aerospace industry is growing year by year, which requires more maintenance and replacement services for existing floor panels, which is predicted to grow the global aircraft floor panel market.

As disposable income increases in many countries, air traffic is expected to increase during the estimated period. This will promote the production of commercial and regional aircraft, accelerating the growth of the Commercial Aircraft floor panel market during the forecast period. Also, with the development of floor technology, manufacturers are focusing on developing 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 the Commercial Aircraft floor panel market during the projection period. Besides, the Commercial Aircraft floor panel market is made of high-quality composite materials, such as aluminum honeycomb structures or Nomex honeycomb structures, which 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 during the expected period. In addition, the high initial cost of commercial aircraft floor panels made of composite materials can always affect the development 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.

REPORT COVERAGE:

This research report on the global aircraft floor panel market has been segmented and sub-segmented into the following categories.

Aircraft Floor Panel Market – By Aircraft Type:

• Narrow-Body Aircraft
• Wide-Body Aircraft
• Very Large Aircraft
• Regional Transport Aircraft
• General Aviation

Narrow-body planes will likely remain the largest segment in the international market during the forecast period.

Aircraft Floor Panel Market – By Core Material Type:

• Nomex Honeycomb
• Aluminium Honeycomb
• Others

The Nomex honeycomb is being used increasingly in the aviation industry, including floor panels, resulting in its higher market share.

Aircraft Floor Panel Market – By End-user:

• OEM
• Aftermarket Sales

The OEM segment is supposed to remain a more significant type of end-user as the demand for commercial and regional aircraft increases worldwide during the forecast period. As a result, both OEM and secondary market sales are presumed to show healthy growth over the next five years.

Aircraft Floor Panel Market – By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

KEY PLAYERS:

Zodiac Aerospace, Rockwell Collins, Triumph Group, AIM Airlines, Nordam Group Inc., EnCore Group, and Gill Corporation play a significant role in the global aircraft floor panel market. In addition, major aircraft manufacturers such as The Boeing Company, Airbus, Lockheed Martin, Bombardier Aerospace, and Gulfstream Aerospace play an important role in consumer base and end-use.