Global Aerospace Floor Panels Market growing at a CAGR of 5.6% from 2023 to 2030
Category : Aerospace and Defence | Published Date : Nov 2024 | Type : Press Release
Aerospace Floor Panels Market Scope & Overview:
In the newly published report, Consegic Business Intelligence states that the Aerospace Floor Panels Market size was valued at USD 84.85 Million in 2022 and is projected to reach USD 128.25 Million by 2030, growing at a CAGR of 5.6% from 2023 to 2030. Aerospace floor panels, also known as floorboards, are lightweight, durable panels attached to an aircraft's floor beams, allowing safe movement for passengers and crew. They provide attachment points for cabin furnishings and are constructed using honeycomb structures, commonly aluminum or Nomex, sandwiched between two outer layers to ensure strength and flexibility.
The report comprises the Aerospace Floor Panels Market Share, Size & Industry Analysis, By Core Material (Aluminum Honeycomb, Nomex Honeycomb, Others), Operation (Military Aircraft, Commercial Aircraft, Business Jets, Narrow Body Aircraft, Wide Body Aircraft, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2023-2030.
The report contains detailed information on Aerospace Floor Panels Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Rising air passenger traffic and growing demand for lightweight materials are primary drivers for market growth. Additionally, advances in additive manufacturing offer growth opportunities.
Segmental Analysis :
Based on core material, the market includes aluminum honeycomb, Nomex honeycomb, and others.
- Nomex honeycomb dominated the market in 2022 due to its high durability, rigidity, and excellent chemical resistance, which is essential for passenger safety.
- Aluminum honeycomb is projected to grow at the highest CAGR, attributed to its superior strength-to-weight ratio, non-corrosive properties, and cost-effectiveness.
Based on operation, the market is categorized into military aircraft, commercial aircraft, business jets, narrow-body aircraft, wide-body aircraft, and others.
- Commercial aircraft held the largest market share in 2022, with high demand for durable, lightweight floor panels that require minimal replacements.
- Military aircraft is anticipated to grow at the fastest CAGR, driven by the use of lightweight, durable panels that increase fuel efficiency and payload capacity, essential in military applications.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
- North America accounted for the largest market share in 2022, valued at USD 28.66 Million, supported by advanced manufacturing infrastructure and the presence of key players.
- Asia-Pacific is expected to grow at the highest CAGR of 6.0%, with a significant demand increase in China and South Korea due to a growing aerospace sector.
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2031 | USD 128.25 Million |
| CAGR (2024-2031) | 5.6% |
| By Core Material | Aluminum Honeycomb, Nomex Honeycomb, Others |
| By Operation | Military Aircraft, Commercial Aircraft, Business Jets, Narrow Body Aircraft, Wide Body Aircraft, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Aerospace Floor Panels Industry:
- Diehl Stiftung & Co. KG
- Advanced Custom Manufacturing
- AIM ALTITUDE
- Avcorp Industries
- EFW
- ENCORE GROUP
- EURO COMPOSITES
- Heart Aerospace
- Satair
- L&L Products India Pvt. Ltd.
- Rockwell Collins (UTC)
- The Gill Corporation
Recent Industry Developments :
- In July 2022, Diehl Aviation was selected by Lilium to design the cabin floor for its eVTOL aircraft, utilizing lightweight composite materials and LED technology.
- In March 2022, Satair introduced a new semi-finished floor panel solution offering improved quality, durability, and cost benefits.
