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What's driving the Aircraft Interior Sandwich Panel Market Size? Top Key Players - Zodiac Aerospace, Rockwell Collins, Collins Aerospace, DuPont, Triumph Group, FACC AG

03-26-2019 07:47 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights, Inc.

/ PR Agency: Aerospace Industry
What's driving the Aircraft Interior Sandwich Panel Market

Aircraft interior sandwich panel marketplace is segmented into aluminum honeycomb, nomex honeycomb, and thermoplastic. Aluminum honeycomb will account for a major share in the aircraft interior sandwich panels marketplace owing to its lightweight, higher strength to weight ratio, and improved compressive strength. Further, enhanced resistance from corrosion along with the superior durability of the material will play a major role in expanding the aircraft interior sandwich panel market share over the study timeframe.

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Based on application, the aircraft interior sandwich panel marketplace is categorized into sidewalls, ceilings, stowage bins, and floors. The increasing preference of airliners to offer a premium experience to its passengers within the flight is supporting the industry growth over the projected timeframe. The growing preference of passengers to opt for business and executive class tickets for long duration flights is further supporting the market share till 2024. The requirement for durable stowage bins to support heavier loads and luggage during a flight journey is positively influencing the market growth till 2024.

Based on aircraft, the industry is classified into business aviation, commercial aviation, military aircraft, and regional jets. The requirement for lightweight and durable interior sandwich panels in aircraft for offering air passengers with premium travel experience is playing a major role in the aircraft interior sandwich panel market growth till 2024. Increasing requirement for materials with superior design flexibility and durability along with improved reliability for military aircraft is providing a positive outlook for the market proliferation.

Asia Pacific will contribute significantly toward the aircraft interior sandwich panels marketplace. This growth is attributed to the increasing air passenger traffic along with improving disposable income across the region. Proliferating tourism sector coupled with a higher adoption of low-cost carrier services with expanded airline networks is further strengthening the industry expansion till 2024.

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The increasing safety concerns owing to the fatal flight accidents across the globe along with higher risks associated with flight landing and take-off operations are playing a significant role in accelerating the demand for reliable and improved quality aircraft interior sandwich panels, thereby providing a positive outlook for the industry expansion. Further, the usage of these panels in multiple applications including ceilings, sidewalls, floors, and stowage bins requires the materials to possess superior mechanical and fire-resistance properties for operating under diversified conditions.

The advancements in production technologies including additive manufacturing for designing complex parts and components with unique geometries are supporting the development of highly durable and low-cost aircraft interior sandwich panels, positively influencing the market growth till 2024. Further, the emergence of advanced printing technologies including power-bed laser printing in creating a single part for replacing multiple parts along with innovative 3D printing technologies plays a significant role in reducing the possibility of failures and lowering the overall component costs, providing a positive outlook for the industry expansion.

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A few players in the aircraft interior sandwich panel market place include Jamco Corporation, Zodiac Aerospace, Rockwell Collins, Euro-Composites Corp., Collins Aerospace, The Gill Corporation, DuPont, CoreLite, Inc, Triumph Composite Systems, and FACC AG. Mergers and acquisitions are among the major strategies adopted by industry participants for introducing innovative components and expanding their market share. For instance, in 2017, EconCore and Diehl Aircabin announced a strategic partnership for developing advanced aircraft interior modules based on thermoplastic honeycomb.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

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