Aerospace Interior Sandwich Panel Market Report
Aircraft Interior Sandwich Panel Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027 See less
Aircraft Interior Sandwich Panel Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027
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, Sidewall Panel, Ceiling Panel, Stowage Bin Panel, Galley Panel, Lavatory Panel, and Others), by Core Material Type (Nomex Honeycomb, Aluminum Honeycomb, and Others), by End-User Type (Aftermarket and OE), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
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, Sidewall Panel, Ceiling Panel, Stowage Bin Panel, Galley Panel, Lavatory Panel, 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. 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 cancellation of orders. Furthermore, the sudden outbreak of pandemic increased the industry challenges, resulting in a sharp plunge by -39.9% in the aircraft interior sandwich panel market in 2020.
Despite the short-term demand fiasco, the long-term growth prospects for aircraft interior sandwich panels still seem favorable. Hence, the market is anticipated to rebound from 2021 onwards, experience a promising CAGR of 9.4% over the next five years to reach US$ 1.5 billion in 2027.
Based on the aircraft type, the aircraft interior sandwich panel market is segmented as narrow-body aircraft, wide-body aircraft, regional aircraft, and general aviation. Narrow-body aircraft 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 and Irkut MC-21 is likely to further substantiate the demand in the years to come.
Based on the application type, the market is segmented as floor panel, sidewall panel, ceiling panel, stowage bin panel, galley panel, lavatory panel, and others. Floor panel is estimated to maintain its lead in the market over the next five years. They are more prone to impact and load, leading to the demand for high-performance materials, such as carbon epoxy prepreg with nomex honeycomb core.
Based on the core material type, the market is segmented as nomex honeycomb, aluminum honeycomb, and others. Nomex honeycomb addresses most of the prerequisites of the aircraft interior applications, such as high mechanical property and high FST performance. Excellent strength-to-weight ratio; excellent corrosion resistance against water, oil, and fuel; high-temperature capabilities; easy formability; and good dielectric properties are other advantages.
Based on the end-user type, the market is segmented as OE and aftermarket. The OE segment holds a larger share of the market in 2021. 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.
In terms of regions, North America 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. Resumption of production of B737 Max at a low rate with gradual plans to ramp up production further contributes to the demand for sandwich panels in the region. Asia-Pacific to be the fastest-growing market in the post-pandemic scenario, driven by China, Japan, and India.
The supply chain of this market comprises raw material suppliers, Prepreggers, core material suppliers, sandwich panel manufacturers, tier players, aircraft OEMs, airlines, aircraft leasing companies, and MRO companies.
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 strengthen its capabilities. The following are the key players in the aircraft 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 market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner in order 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 as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate 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.
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 Size, Share & Forecast, By Aircraft Type
Aircraft Interior Sandwich Panel Market Size, Share & Forecast, By Application Type
Aircraft Interior Sandwich Panel Market Size, Share & Forecast, By Core Material Type
Aircraft Interior Sandwich Panel Market Size, Share & Forecast, By End-User Type
Aircraft Interior Sandwich Panel Market Size, Share & Forecast, By Region
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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.
The Aircraft interior sandwich panel market is estimated to grow at a CAGR of 9.4% over the next five years to reach US$ 1.5 Billion in 2027.
AIM Altitude (Part of AVIC International), Collins Aerospace, Diehl Aviation (Part of Diehl Group), EnCore Group (part of Boeing), Euro-Composites Group, Hexcel Corporation, Jamco Corporation, Plascore Incorporated, The Gill Corporation, Triumph Group Inc. (Triumph Composite Systems), Yokohama Aerospace America, Inc., and Safran S.A. are some of the key players in the aircraft interior sandwich panel market.
North America is estimated to remain dominant in the aircraft interior sandwich panel market in the foreseen future.
Narrow-body aircraft is expected to lead the aircraft interior sandwich panel market in the coming five years.
Floor panel is expected to maintain its lead the aircraft interior sandwich panel market during the next five years.
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