Aircraft Interior Sandwich Panel Market is segmented by Aircraft Type (Narrow-body Aircraft, Wide-body Aircraft, Regional Aircraft, and General Aviation), by Application Type (Floor Panel, Cabin Linings, Stowage Bin Panels, Galley Panels, Lavatory Panels, Cargo Panels, and Others), byCore Material Type (Nomex Honeycomb, Aluminum Honeycomb, and Others), by End-User Type (OE and Aftermarket), and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
Aircraft Interior Sandwich Panel Market is segmented by Aircraft Type (Narrow-body Aircraft, Wide-body Aircraft, Regional Aircraft, and General Aviation), by Application Type (Floor Panel, Cabin Linings, Stowage Bin Panels, Galley Panels, Lavatory Panels, Cargo Panels, and Others), by...
Cabin interiors have been the most discussed topic in the aircraft industry in the last decade. Several advancements have been made by the industry stakeholders aiming to improve the overall passenger experience, and efforts are being made by airline companies to attract customers by providing advanced cabin interiors. Over the eons, composites have been gaining market traction and irrefutably became the most dominant material among all materials. Sandwich composites are predominantly used in cabin interiors with Nomex honeycomb as the preferred core along with thermoset prepreg (typically phenolic or epoxy) being the perennial choice for skin materials. Apart from composite sandwich panels, injection-molded, extruded, and compression-molded components are other key composite forms in interiors.
The aircraft industry has already been in distress in 2019 in the wake of several factors including but limited to the B737 Max grounding, PW1100G engine series failure, and revised production rates of key aircraft programs (A350XWB and B787) due to the cancellation of orders. Furthermore, the sudden outbreak of the pandemic increased the industry challenges, resulting in a sharp plunge of more than -42% in the aircraft interior sandwich panel market in 2020. The year 2021 again proved to be a challenging year for the aircraft industry with the temporary suspension of B787 aircraft deliveries and the postponement of aircraft interior refurbishment orders by the airlines led by the financial crisis in the post-pandemic scenario.
Despite the short-term demand fiasco, the long-term growth prospects for aircraft interior sandwich panels still seem favorable with the expected rebound in air passenger traffic, the ramp-up in production rates of key aircraft programs, upcoming aircraft programs, and the resumption of aircraft interior refurbishment orders from the airlines. Hence, the market commenced its recovery in 2022 and is likely to experience a promising CAGR of 11% over the next five years to reach US$ 2.9 billion in 2028.
Based on the aircraft type, the aircraft interior sandwich panel market is segmented into narrow-body aircraft, wide-body aircraft, regional aircraft, and general aviation. Narrow-body aircraft held a share of >45% of the market in 2022 and is estimated to maintain its unassailable lead in the market in the foreseeable future. The aircraft body type is likely to make the fastest comeback with the resumption of domestic air travel in various parts of the world. The market entry of COMAC C919 is likely to further substantiate the demand in the years to come.
By Application Type
Based on the application type, the market is segmented into floor panels, cabin linings, stowage bin panels, galley panels, lavatory panels, cargo panels, and others. Cabin Linings held a share of >25% of the market in 2022 and is estimated to maintain its lead in the market over the next five years. Cabin linings include sidewall and ceiling panels of aircraft, therefore, it covers the largest area of application for the sandwich panels.
By Core Material Type
Based on the core material type, the market is segmented as nomex honeycomb, aluminum honeycomb, and others. Nomex honeycomb held a share of >80% of the market in 2022 and addresses most of the prerequisites of aircraft interior applications, such as high mechanical properties and high FST performance. Excellent strength-to-weight ratio; excellent corrosion resistance against water, oil, and fuel; high-temperature withstanding capabilities; easy formability; and good dielectric properties are other advantages.
By End-User Type
Based on the end-user type, the market is segmented as OE and aftermarket. The OE segment held a larger share of >60% of the market in 2022. Commercial aircraft (narrow-body, and wide-body aircraft) account for most of the OE as well as aftermarket demand for sandwich panels. Aftermarket also occupies a healthy chunk of the market. 800+ airlines are active worldwide, generating a strong replacement demand for sandwich panels.
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By Region
In terms of regions,North America held a share of >40% of the market in 2022 and is expected to remain the largest market for aircraft interior sandwich panels during the forecast period. The region is holding the largest fleet of regional aircraft and general aviation, ensuring strong retrofit demand. The resumption of production of B737 Max at a fair rate with gradual plans to ramp up production further contributes to the demand for sandwich panels in the region. Asia-Pacific is the fastest-growing market, driven by China, Japan, and India.
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Key Players
Interiors remain a hot topic in the aircraft industry. The industry noticed a large number of M&A activities in the interiors-related business in the past 10 years. Zodiac and BE Aerospace, the two giants in the interiors, were acquired by the leading tier-I players in the past decade. Furthermore, some small-sized companies were also acquired by other industry stakeholders. For instance, in 2019, Boeing acquired Encore. The acquisition was done mainly to increase innovation within the cabin vertical and strengthened its capabilities. The following are the key players in the aircraft interior sandwich panel market.
Safran S.A.
The Gill Corporation
Collins Aerospace (a Unit of Raytheon Technologies Corp.)
Triumph Group Inc. (Triumph Composite Systems)
Jamco Corporation
AVIC Cabin Systems Limited
Diehl Stiftung & Co. KG
Euro-Composites Corporation
Yokohama Aerospace America, Inc.
Boeing Encore Interiors LLC
EFW GmbH
Hexcel Corporation
Plascore Incorporated
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft interior sandwich panel market realities and future market possibilities for the forecast period of 2023 to 2028. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants and investors in identifying the low-hanging fruits available in the market and formulating the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
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 into 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, New Product Launches, etc.
Attractive market segments and associated growth opportunities.
Emerging trends.
Strategic growth opportunities for the existing and new players.
Key success factors.
The aircraft interior sandwich panel market is segmented into the following categories.
Aircraft Interior Sandwich Panel Market Size, Share & Forecast, By Aircraft Type
Narrow-body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Wide-body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Interior Sandwich Panel Market Size, Share & Forecast, By Application Type
Floor Panel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Cabin linings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Stowage Bin Panels (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Galley Panels (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Lavatory Panels (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Cargo Panels (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Interior Sandwich Panel Market Size, Share & Forecast, By Core Material Type
Nomex Honeycomb (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aluminum Honeycomb (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Interior Sandwich Panel Market Size, Share & Forecast, By End-User Type
OE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Interior Sandwich Panel Market Size, Share & Forecast, By Region
North America (Country Analysis: the USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, The UK, Russia, and RoE)
Asia-Pacific (Country Analysis: Japan, China, India, and RoAP)
Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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Aircraft Interior Sandwich Panel is the internal core of low density and low stiffness over which there are two crusts of stiff skin, There are basically two panels where the core is attached to each other through a structural adhesive.
Aircraft Interior Sandwich Panel is mainly a cell foam or a metal honeycomb. The honeycomb structure is used most commonly due to its properties of being lightweight, stiff, fire-resistant, and corrosion-resistant. They also have good thermal stability along with excellent dielectric properties.
AVIC Cabin Systems Limited, Collins Aerospace, Diehl Stiftung & Co. KG, Boeing Encore Interiors LLC, Euro-Composites Corporation, Hexcel Corporation, Jamco Corporation, Plascore Incorporated, Safran S.A., The Gill Corporation, Triumph Group Inc., and Yokohama Aerospace America, Inc. (alphabetically arranged) are the leading players of the market.
