Aerospace Floor Panels Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Aerospace Floor Panels Market
The global aerospace floor panels market size was valued at USD 75.37 million in 2019 and is projected to grow to USD 107.27 million by 2027, exhibiting a CAGR of 5.45% during the forecast period of 2024-2032.
The pandemic considerably disrupted the Aerospace Floor Panels Market, with reduced air tours leading to decreased plane production and delays in fleet enhancements. Supply chain interruptions, in addition, hampered the supply of raw materials and additives, impeding the aerospace floor panels market growth.
The Aerospace Floor Panels Market is driven by the demand for lightweight and durable substances to beautify gas efficiency and plane performance. Increasing air tours, fleet growth, and adopting superior composite materials further boost market growth.
Advanced Materials and Manufacturing Techniques drive innovation in the aerospace ground panel market. Composite materials like carbon fiber reinforced polymer provide high power-to-weight ratios. At the same time, superior machining strategies ensure the production of specific issues, expanding the global aerospace floor panels market share. These advancements contribute to the improvement of lightweight, long-lasting, and green aircraft ground panels, enhancing universal aircraft overall performance and lowering environmental effects.
Comprehensive Analysis of Aerospace Floor Panels Market
The Aerospace Floor Panels Market is segmented primarily based on core materials and plane sorts. NOMEX honeycomb, a composite fabric with over 80% revenue percentage, is the most beneficial option due to its durability, thermal resistance, and fire protection houses. Aluminum, recognized for its lightweight and price-effectiveness, holds the second-largest proportion, while wood and other substances also follow stringent aerospace protection norms. In terms of planes, the commercial section dominates, pushed by its excellent fleet of narrow and wide-body planes, with commercial enterprise, general, and army aircraft additionally contributing to marketplace demand.
The North America region led the aerospace floor panels market by benefitting a size of USD 35.65 million in 2019 due to being headquartered inside the US. The most critical plane producer, Boeing, assembles an extensive range of plane components regionally.
The leading aerospace floor panel market players significantly influence its growth trajectory and set industry standards. These key players, including Rockwell Collins (UTC) (USA), EFW (Germany), The Gill Corporation (USA), Avcorp Industries (Canada), Triumph Group (USA), The NORDAM Group LLC (USA), ENCORE GROUP (USA), EURO COMPOSITES (USA), AIM ALTITUDE (UK), and Advanced Custom Manufacturing (USA), contribute to a competitive landscape that drives innovation and advances the market.
In June 2019, Boeing, the world’s leading plane manufacturer based in the US, introduced its acquisition of EnCore Group, a prominent player within the aerospace interiors enterprise established in the US. This move has strengthened Boeing’s in-residence manufacturing abilities for plane interiors, including aerospace ground panels.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD Million), Volume (Thousand Square Meters)
SegmentationBy Core Material
Nomex honeycomb
Aluminum Honeycomb
Other
By Aircraft
Commercial
Military
Business and General Aviation
Others
By Geography
North America (U.S., and Canada)
Europe (Germany, France, UK, Italy, Spain, Russia, and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, and Rest of Asia Pacific)
Latin America (Brazil, Mexico and Rest of Latin America)
Middle East & Africa (Saudi Arabia, UAE, Turkey, and Rest of Middle East & Africa)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 5. Global Aerospace Floor Panels Market Analysis, Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Core Materials
- 5.2.1. Nomex Honeycomb
- 5.2.2. Aluminium Honeycomb
- 5.2.3. Other
- 5.3. Market Analysis, Insights and Forecast – By Aircraft
- 5.3.1. Commercial
- 5.3.2. Military
- 5.3.3. Business & General Aviation
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia pacific
- 5.4.4. Latin America
- 5.4.5. Middle East & Africa
- 6. North America Aerospace Floor Panels Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Core Materials
- 6.2.1. Nomex Honeycomb
- 6.2.2. Aluminium Honeycomb
- 6.2.3. Other
- 6.3. Market Analysis, Insights and Forecast – By Aircraft
- 6.3.1. Commercial
- 6.3.2. Military
- 6.3.3. Business & General Aviation
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
- 7. Europe Aerospace Floor Panels Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Core Materials
- 7.2.1. Nomex Honeycomb
- 7.2.2. Aluminium Honeycomb
- 7.2.3. Other
- 7.3. Market Analysis, Insights and Forecast – By Aircraft
- 7.3.1. Commercial
- 7.3.2. Military
- 7.3.3. Business & General Aviation
- 7.3.4. Other
- 7.4. Market Analysis – By Country
- 7.4.1. Germany
- 7.4.2. France
- 7.4.3. UK
- 7.4.4. Russia
- 7.4.5. Rest of Europe
- 8. Asia Pacific Aerospace Floor Panels Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Core Materials
- 8.2.1. Nomex Honeycomb
- 8.2.2. Aluminium Honeycomb
- 8.2.3. Other
- 8.3. Market Analysis, Insights and Forecast – By Aircraft
- 8.3.1. Commercial
- 8.3.2. Military
- 8.3.3. Business & General Aviation
- 8.3.4. Other
- 8.4. Market Analysis – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Rest of Asia Pacific
- 9. Latin America Aerospace Floor Panels Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Core Materials
- 9.2.1. Nomex Honeycomb
- 9.2.2. Aluminium Honeycomb
- 9.2.3. Other
- 9.3. Market Analysis, Insights and Forecast – By Aircraft
- 9.3.1. Commercial
- 9.3.2. Military
- 9.3.3. Business & General Aviation
- 9.3.4. Other
- 9.4. Market Analysis – By Country
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
- 10. Middle East & Africa Aerospace Floor Panels Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Core Materials
- 10.2.1. Nomex Honeycomb
- 10.2.2. Aluminium Honeycomb
- 10.2.3. Other
- 10.3. Market Analysis, Insights and Forecast – By Aircraft
- 10.3.1. Commercial
- 10.3.2. Military
- 10.3.3. Business & General Aviation
- 10.3.4. Other
- 10.4. Market Analysis – By Country
- 10.4.1. Saudi Arabia
- 10.4.2. UAE
- 10.4.3. Turkey
- 10.4.4. Rest of Middle East & Africa
- 11. Competitive Analysis
- 11.1. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
- 11.1.1. Rockwell Collins (UTC)
- 11.1.1.1. Overview,
- 11.1.1.2. Products & services,
- 11.1.1.3. SWOT analysis,
- 11.1.1.4. Recent developments,
- 11.1.1.5. strategies,
- 11.1.1.6. financials (based on availability)
- 11.1.2. EFW
- 11.1.2.1. Overview,
- 11.1.2.2. Products & services,
- 11.1.2.3. SWOT analysis,
- 11.1.2.4. Recent developments,
- 11.1.2.5. strategies,
- 11.1.2.6. financials (based on availability)
- 11.1.3. The Gill Corporation
- 11.1.3.1. Overview,
- 11.1.3.2. Products & services,
- 11.1.3.3. SWOT analysis,
- 11.1.3.4. Recent developments,
- 11.1.3.5. strategies,
- 11.1.3.6. financials (based on availability)
- 11.1.4. Avcorp Industries
- 11.1.4.1. Overview,
- 11.1.4.2. Products & services,
- 11.1.4.3. SWOT analysis,
- 11.1.4.4. Recent developments,
- 11.1.4.5. strategies,
- 11.1.4.6. financials (based on availability)
- 11.1.5. Triumph Group
- 11.1.5.1. Overview,
- 11.1.5.2. Products & services,
- 11.1.5.3. SWOT analysis,
- 11.1.5.4. Recent developments,
- 11.1.5.5. strategies,
- 11.1.5.6. financials (based on availability)
- 11.1.6. The NORDAM Group LLC
- 11.1.6.1. Overview,
- 11.1.6.2. Products & services,
- 11.1.6.3. SWOT analysis,
- 11.1.6.4. Recent developments,
- 11.1.6.5. strategies,
- 11.1.6.6. financials (based on availability)
- 11.1.7. ENCORE GROUP
- 11.1.7.1. Overview,
- 11.1.7.2. Products & services,
- 11.1.7.3. SWOT analysis,
- 11.1.7.4. Recent developments,
- 11.1.7.5. strategies,
- 11.1.7.6. financials (based on availability)
- 11.1.8. EURO COMPOSITES
- 11.1.8.1. Overview,
- 11.1.8.2. Products & services,
- 11.1.8.3. SWOT analysis,
- 11.1.8.4. Recent developments,
- 11.1.8.5. strategies,
- 11.1.8.6. financials (based on availability)
- 11.1.9. AIM ALTITUDE
- 11.1.9.1. Overview,
- 11.1.9.2. Products & services,
- 11.1.9.3. SWOT analysis,
- 11.1.9.4. Recent developments,
- 11.1.9.5. strategies,
- 11.1.9.6. financials (based on availability)
- 11.1.10. Advanced Custom Manufacturing
- 11.1.10.1. Overview,
- 11.1.10.2. Products & services,
- 11.1.10.3. SWOT analysis,
- 11.1.10.4. Recent developments,
- 11.1.10.5. strategies,
- 11.1.10.6. financials (based on availability)
- 11.1.11. Other Players
- 11.1.11.1. Overview,
- 11.1.11.2. Products & services,
- 11.1.11.3. SWOT analysis,
- 11.1.11.4. Recent developments,
- 11.1.11.5. strategies,
- 11.1.11.6. financials (based on availability)
- 12. Strategic Recommendations
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