Aircraft Floor Panel Market to Reach US$ 478.0 Million in 2023.


Posted November 1, 2018 by Stratview_Research

This report, from Stratview Research, studies the floor panel market in the global aircraft industry over the trend period of 2012 to 2017 and the forecast period of 2018 to 2023.
 
Aircraft Floor Panel Market: Highlights
As per Stratview Research, the global aircraft floor panel market is projected to reach an estimated value of US$ 478.0 million in 2023. Increasing production rates of key commercial and regional aircraft, such as B737, B787, A320, A350XWB, and C Series; upcoming commercial and regional aircraft, such as Comac C919 and Mitsubishi MRJ; requirement of lightweight aircraft flooring, advancement in flooring technology; and increasing global aircraft fleet size are the major growth drivers of the market.

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The research’s findings suggest that narrow body aircraft is expected to remain the largest segment for aerospace floor panel market during the forecast period of 2018 to 2023 , whereas wide-body aircraft type is likely to witness the highest growth in the same period, driven by an increasing demand for wide-body aircraft, such B787 and A350XWB in developing economies, such as China and India.

In terms of material type, Nomex honeycomb has been the growing choice for a wide range of applications throughout the aerospace industry including floor panels and is likely to be the fastest growing core material type over the next five years. All major aircraft type including narrow-body and wide-body aircraft are heavily relying on this unique material as it offers enormous advantages over competing materials.

As per the study, North America is projected to remain the largest aerospace floor panel market during the forecast period driven by presence of small to large OEMs in each aircraft category and major floor panel manufacturers to support OEMs for the development of advanced products meeting airline requirements. However, Asia-Pacific is expected to witness highest growth in the same period mainly driven by largest commercial aircraft fleet size; gradual shift of manufacturing/assembly plants of OEMs; and upcoming indigenous commercial and regional aircraft, such as Comac C919, ARJ21, and MRJ, fuelled by increasing passenger traffic will continue to drive the Asia-Pacific market in the coming years.

Some of the major companies in the aerospace floor panel market are The Gill Corporation, Triumph Group, B E Aerospace (now Rockwell Collins), Hexcel Corporation, EnCore Aerospace Group, and Zodiac Aerospace. New product development, adoption of advanced lightweight materials, and collaboration with OEMs are some of the key strategies adopted by major companies to gain a competitive edge over other others.

Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

This report studies the floor panel market in the global aerospace industry and has segmented the market in four ways, keeping in mind the interest of all the stakeholders across the value chain. The following are the four ways in which the market is segmented:
Global Aerospace Floor Panel Market by Aircraft Type
• Narrow-Body Aircraft (Regional Analysis: NA, Europe, APAC, and RoW)
• Wide-Body Aircraft (Regional Analysis: NA, Europe, APAC, and RoW)
• Very Large Aircraft (Regional Analysis: NA, Europe, APAC, and RoW)
• Regional Aircraft (Regional Analysis: NA, Europe, APAC, and RoW)
• General Aviation (Regional Analysis: NA, Europe, APAC, and RoW)
Global Aerospace Floor Panel Market by Core Material Type
• Nomex Honeycomb (Regional Analysis: NA, Europe, APAC, and RoW)
• Aluminium Honeycomb (Regional Analysis: NA, Europe, APAC, and RoW)
• Others (Regional Analysis: NA, Europe, APAC, and RoW)
Global Aerospace Floor Panel Market by End-User Type
• OEM (Regional Analysis: NA, Europe, APAC, and RoW)
• Aftermarket (Regional Analysis: NA, Europe, APAC, and RoW)
Global Aerospace Floor Panel Market by Region:
• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, Russia, The UK, Spain, and Rest of the Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and Rest of the Asia-Pacific)
• Rest of the world (Country Analysis: Latin America, Middle East, and Others)

Category: Aerospace & Defense
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About Stratview Research
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We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.

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Last Updated November 1, 2018