Aerospace Floor Panels Market Outlook 2020-2024: Trends by Types and Application with Key players Analysis Rockwell Collins, EFW, The Gill Corp., Avcorp Industries, Triumph Group, Zodiac Aerospace, Nordam Group, EnCore Group, Aim Altitude, EURO-Composites

Reduction in the total airplane weight in order to enhance the fuel efficiency will foster aerospace floor panels market trends over the forecast timeframe. The product boasts features like better strength-weight ratio and stiffness that would help meet structural strength requirements and encourage product deployment.

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Several companies involved in the production of the product have been developing fire-retardant and chemical-resistant materials to ensure the safety during fire emergency periods like an in-flight fire. Consistent innovation by OEMs pertaining to improving structural weight, rigidity and strength reduction in order to replace solid metals will fuel the aerospace floor panels market growth.

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

Several manufacturers of aircraft like the Bombardier and Airbus have amplified their production capacity to clear backlog. The aircraft production had grown by 4% in 2017 to meet the booming demand from the consumers. Such factors shall drive aerospace floor panels market size over the projected time period.

There has been a major demand for business aircraft in Africa and the Middle East on an account of massive regional expansion and the steadily rising tourism sector, which will propel the product demand.
The regional jet segment is estimated to record 5.5% growth between 2018-2024 as there will be a surge in the number of jets to fill the gap between single-aisle and turboprop long-range airplanes, which will help drive aerospace floor panels market forecast.

Aluminum honeycomb from the raw material segment is expected to record a strong growth as it exhibits a high strength-weight ratio. The product is non-absorbent, and the aluminum is 90% recyclable which helps reduce the total cost of product as well as gives extreme strength to the structural parts that improved the longevity of the components.

With the competitive cost of the product making it more preferred in comparison with other counterparts, the demand for aluminum honeycomb will increase significantly. The aerospace floor panels market from titanium honeycomb segment is currently at an emerging stage and is expected to grow due to its corrosion-resistant features.

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North America aerospace floor panels market trends dominate the industry owing to the presence of aircraft manufacturers like Lockheed Martin, Bombardier, Airbus, Boeing, and Falcon. Increasing domestic air traffic will accelerate the demand for aerospace floor panels in Europe.

The region reportedly registered an increase of nearly 5% of passenger traffic in 2018 compared to the growth in 2017. Regions like Africa and the Middle East will experience major growth prospects due to the rapid progression of the prevailing tourism and travel industry.

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