Aerospace Floor Panels Market Scope
Aircraft floor panels are an essential part of aircraft interiors that are generally constructed with advanced composite arrangements. These panels are usually made by the honeycomb structure. The honeycomb structures are built or made up of a vital material which has resembled like a honeycomb. A floor panel made from the honeycomb structure is very strong. Manufacturers are focusing on manufacturing lightweight floor panels. Moreover, the increasing demand for lightweight aircraft interiors provides plenty of growth opportunities for this market in the upcoming years.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Rockwell Collins Inc. (United States), Zodiac Aerospace (France), Triumph Group Inc. (United States), The Nordam Group Inc. (United States), AIM Aviation Ltd.(United Kingdom), EnCore Group (United States), Avcorp Industries (Canada), Euro-Composites S.A (United States) and The Gill Corporation (United States) |
CAGR | % |
The global aerospace floor panels market is highly consolidated, with the leading players controlling a large portion of the industry. Collins Aerospace, Elbe Flugzeugwerke GmbH, The Gill Corporation, JB International, and Triumph Group are just a few of the prominent players in the sector. The company is contributing its share for increasing the market growth. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Aerospace Floor Panels market throughout the predicted period.
Rockwell Collins Inc. (United States), Zodiac Aerospace (France), Triumph Group Inc. (United States), The Nordam Group Inc. (United States), AIM Aviation Ltd.(United Kingdom), EnCore Group (United States), Avcorp Industries (Canada), Euro-Composites S.A (United States) and The Gill Corporation (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Aerospace Floor Panels market by Type , by Application (Commercial Aviation, Military Aircrafts and Business Jets) and Region with country level break-up.
On the basis of geography, the market of Aerospace Floor Panels has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In November 2021, Collins Aerospace announced acquired of Dutch Thermoplastic Components (DTC), a leader in the development and fabrication of structural thermoplastic composite parts. With this acquisition, Collins will expand the use of advanced thermoplastics to make aircraft lighter and more fuel-efficient.
In 2021, TRIUMPH GROUP, INC. has signed a long-term contract with Boeing to build composite cockpit parts and composite ducting for the air distribution system.
Influencing Trend:
Adoption of Lightweight, High Strength, Durability, and Non-Flammable floor panels
Market Growth Drivers:
Increasing military expenditure across major economies such as the United States, China, Western Europe, and UAE and Rising Number of Air Travelers Globally
Challenges:
High Initial Cost of Aircraft Floor Panels made of Advanced Composite materials is one of the Challange Faced by this Industry
Restraints:
Stringent Regulatory Framework for these Panels is Governed by the Toxic Substances Control Act of 1976 (TSCA)
Opportunities:
Growth of the Aerospace Industry is Observed due to Increasing demand for Air Transportation coupled with Rising Income Disposal of Consumers and Rising Technological Advancement and R&D done by the Manufactures
Key Target Audience
Aerospace Floor Panels Manufactures, Aerospace Floor Panels Distributors, Potential Investors, End- User and Others