Stratview Research announces the launch of a new research report on Global Aerospace Floor Panel Market by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, and General Aviation), by Core Material Type (Nomex Honeycomb, Aluminum Honeycomb, and Others), by End-User Type (OEM and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018 – 2023.
This strategic report, from Stratview Research, studies the floor panel market in the global aerospace industry over the period 2011 to 2022. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Floor Panel Market in the Global Aerospace Industry: Highlights
As per Stratview Research, the global aerospace floor panel market offers a healthy growth opportunity of 5.8% CAGR during the forecast period of 2018 to 2023 and reach an estimated US$ 478.0 million in 2023. The author of the report stated that 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.
The research’s findings suggest that narrow body aircraft is expected to remain the largest segment for global 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 coming years.
Some of the major companies in the global 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.
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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:
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
Global Aerospace Floor Panel Market by Core Material Type
Global Aerospace Floor Panel Market by End-User Type
Global Aerospace Floor Panel Market by Region:
Stratview Research has number of high value market reports in the global aerospace & defense industry. Please refer to the following link to browse through our reports:
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