Aerospace Interior Sandwich Panel Market
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft interior sandwich panel market realities and future possibilities for the forecast period 2019 to 2024. The report segments and analyzes the market in the most detailed and comprehensive manner to provide panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of low-hanging fruits available in the market as well as formulation of strategies in order to expediate their growth process.
The Global Aircraft Interior Sandwich Panel Market: Highlights
The global aircraft interior sandwich panel market is forecasted to reach US$ 1,730.8 million in 2024. Healthy expected future growth rate offers a plethora of opportunities to the entire ecosystem of the market. Increasing production rates of the 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; rising requirement of lightweight and durable products in interior applications fueled by the introduction of stringent government regulations related to reduce fuel consumption and mitigate emissions; an advancement in the technology; increasing global aircraft fleet size; and growing awareness to improve passengers experience are the major growth drivers of the market.
The global aircraft interior sandwich panel market is segmented based on the aircraft type as Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, and General Aviation. Narrow-body aircraft is expected to remain the largest segment of sandwich panel market in the aircraft interior applications during the forecast period of 2019 to 2024. Wide-body aircraft is likely to witness the highest growth during the same period, driven by an increasing demand for wide-body aircraft, such as B787 and A350XWB in the developing economies, such as China and India. There is also a healthy demand for wide-body aircraft in the Middle-East region.
The global aircraft interior sandwich panel market is segmented based on the core material type as Nomex Honeycomb, Aluminum Honeycomb, and Others. Nomex honeycomb has been the perennial choice for a wide array of interior applications in the aerospace industry. All the major aircraft types including narrow-body and wide-body aircraft are heavily relying on this unique material. Nomex honeycomb offers enormous advantages over competing materials, such as lightweight, exceptional stiffness and strength, good corrosion resistance, good fire resistance, good thermal stability, and excellent dielectric properties.
The global aircraft interior sandwich panel market is segmented based on the end-user type as OE Sales and Aftermarket Sales. The OE is likely to remain the largest end-user type during the forecast period, driven by an increasing demand for commercial and regional aircraft across regions. Both the OE and aftermarket segments are likely to witness healthy growth rates over the next five years.
Based on the regions, North America is projected to remain the largest aircraft interior sandwich panel market during the forecast period. This region has been the pioneer in the aerospace industry with the presence of several small- to large-sized OEMs. Most of the aircraft manufacturers have manufacturing and assembly plants located in North America. Additionally, all the major sandwich panel manufacturers for the aerospace industry are in the region to support OEMs for the development of advanced products meeting emerging requirements of airlines.
Asia-Pacific is expected to witness the highest growth during the same period. Largest commercial aircraft fleet size; the gradual shift of manufacturing/assembly plants of OEMs; and upcoming indigenous commercial and regional aircraft, such as COMAC C919, ARJ21, and MRJ, fueled by increasing passenger traffic will continue to drive the Asia-Pacific’s market in the coming years.
Zodiac Aerospace (Safran S.A.), The Gill Corporation, B/E Aerospace (now Collins Aerospace), Euro-Composites Corp., FACC AG, Jamco Corporation, and Triumph Composite Systems are some of the major players in the aircraft interior sandwich panel market. New product development, execution of mergers and acquisition activities, adoption of advanced lightweight materials, and collaboration with OEMs are some of the key strategies adopted by companies to gain a competitive edge over other competitors.
This report offers high-quality insights and is the outcome of 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 book, press release, journals, investor presentation, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
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:
The aircraft interior sandwich panel market is segmented into the following categories.
Aircraft Interior Sandwich Panel Market by Aircraft Type
Aircraft Interior Sandwich Panel Market by Application Type:
Aircraft Interior Sandwich Panel Market by Core Material Type:
Aircraft Interior Sandwich Panel Market by End-User Type:
Aircraft Interior Sandwich Panel Market by Region:
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