Press release
Aerospace Floor Panel Market to exceed $230 million by 2024 Top Key Players - Rockwell Collins, Triumph Group, Zodiac Aerospace, NORDAM
Aerospace Floor Panels Market
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Regional jet segment will register over 5.5% growth with increase in regional jets to fulfill aircraft gap between turbo prop and single aisle long range airplanes thereby accelerating product demand. Rising business aircrafts demand in Middle East and Africa owing to regional economic expansion and growing tourism industry will enhance the market demand.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Rockwell Collins
2. EFW
3. The Gill Corp.
4. Avcorp Industries
5. Triumph Group
6. Zodiac Aerospace
7. Nordam Group
8. EnCore Group
9. Aim Altitude
10. EURO-Composites
11. Advanced Custom Manufacturing
Aerospace Floor Panels Market By Aircraft
• Commercial Aircraft
• Regional Jet
• Business Jet
• Helicopter
Aerospace Floor Panels Market By Raw Material
• Nomex Honeycomb
• Aluminum Honeycomb
• Others
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Nomex honeycomb will witness 2.8% CAGR till 2024 owing to increase in commercial aircraft demand. Properties including high fire resistance, stiffness, lightweight, thermal stability, excellent dielectric properties and superior strength will boost its utilization during forecast period. Availability in various cell size, strength and thickness will enhance aerospace floor panel market share.
Aluminum honeycomb will register robust growth with high strength-weight ratio. 90% recyclability of aluminum and non-absorbent property reduces overall product cost and imparts high strength to structural parts that enhances component longevity. Competitive product cost compared to other counterparts will boost aluminum honeycomb demand during projected timeframe. Titanium honeycomb aerospace floor panel market segment is at nascent stage and will grow with corrosion resistance property.
OEM will witness around 2% CAGR till 2024 owing to panel installation during cabin fabrication to reduce overall aircraft weight and ensure passenger safety. Industry players have undergone strategic alliance with airplane manufacturers to ensure continuous product supply. Increase in commercial and regional airliners will support market growth over forecast period. Aftermarket share will foresee robust growth with rise in retrofit and refurbishment activities.
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North America aerospace floor panels holds the major share with presence of aircraft manufacturers such as Falcon, Lockheed Martin, Boeing, Bombardier and Airbus. Europe will register substantial growth with increasing air traffic. In 2018, Europe recorded around 5% passenger traffic increase in comparison with 2017 further supporting the product demand. Middle East and Africa will witness growth owing to progress with prevailing travel and tourism industry.
Major players of aerospace floor panel market include Advanced Custom Manufacturing, Euro Composites, Aim Altitude, EnCore Group, Nordam Group, The Gill Corporation, Zodiac Aerospace, Triumph Group, Avcorp Corporation, EFW, and Rockwell Collins. Industry players are undergoing strategic collaborations with airplane manufacturers to augment their market share.
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