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Aircraft Floor Panel Market is Forecast to Reach US$ 0.69 Billion in 2028, Says Stratview Research
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The global Aircraft Floor Panel market is segmented based on aircraft type, core material type, sales channel type, end-user type, and region.
- The market is bifurcated into narrow-body aircraft, wide-body aircraft, regional aircraft, and business jets. Wide-body aircraft witnessed an enormous decline amid the pandemic, greater than all other aircraft types. Furthermore, the grounding of B787 dented the recovery that was earlier expected from the market participants. However, the long-term business outlook still seems favorable to the market participants as both, Boeing and Airbus have announced to ramp up their production rate of B787 and A350XWB, respectively, in the coming years. Concurrently, the introduction of a fuel-efficient variant of the existing aircraft program (B777x) is likely to stir market growth in the years to come.
- The market is segmented as nomex honeycomb, aluminum honeycomb, and others. It is used extensively in all types of aircraft including narrow-body and wide-body ones. Nomex honeycomb has many benefits, including lightweight, outstanding rigidity, strength, and resistance to corrosion, and fire. Also, it is thermally stable and has excellent dielectric characteristics.
- The market is segmented as OE and aftermarket. (COMAC C919 and Boeing's B777x) are the main factors contributing to its supremacy. It is anticipated that both, the OE and aftermarket, segments will experience significant growth rates in the coming years.
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The report suggests that . This growth is majorly attributed to the following –
Some of the key reasons that are propelling the growth of the market include-
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The aircraft floor panel market is highly consolidated with a handful of players capturing a large chunk of the market. Product developments, the formation of long-term contracts, and high R&D investments are one of the indispensable focused areas of the leading companies. The following are some of the key players in the aircraft floor panel market:
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