Global Aerospace Floor Panels Market is expected to reach US$ XX Mn by 2026 from 326.10 Mn in 2018 at CAGR XX %.
Aerospace Floor Panels Market is segmented by aircraft, raw material, distribution channel, and region. Based on aircraft divided into Commercial aircraft, regional jet, business jet, and helicopter. Raw material is split into Nomex Honeycomb, aluminium honeycomb. Distributors channel are classified as OEM, aftermarket. Region wise divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Adoption of procedure to reduce aircraft weight and enhance fuel efficiency will drive aerospace floor panels market during the forecast period. Flooring units form a major part in aircraft more weight and require lightweight structures to meet stringent requirements. Honeycomb sandwich panel provides high strength to weight ratio and enhanced stiffness as the balance to solid metals. The Continuous innovation to provide improved strength & rigidity along with weight reduction trends will influence the aerospace floor panel’s market size. Increasing aviation industry owing to the rise in air traffic has enhanced domestic and international iterations thereby driving the industry growth Based on aircraft segment, commercial aircraft is expected to dominate the Aerospace Floor Panels Market in 2017. Rising annual spending and disposable income has amplified air traffic and increased international and domestic fleets. The surge in commercial aircraft production particularly in developed regions including North America and Europe will enhance Aerospace Floor Panels Market growth in the next decade. On the basis of a raw material segment, Nomex honeycomb held the highest market share in 2017 owing to an increase in commercial aircraft demand. Properties include high fire resistance, stiffness, lightweight, thermal stability, excellent dielectric properties, and superior strength will boost the overall utilization during the current forecast period. Availability in various cell size, strength, and thickness will likely enhance the Aerospace Floor Panels Market demand as well. In terms of region, North America held the highest Aerospace Floor Panels Market share in 2017 and is expected to have a higher growth rate in the forecast period. The growth rate is driven by the presence of aircraft manufacturers in the region such as Falcon, Lockheed Martin, Boeing, Bombardier and Airbus among others. Key players operating on the market arr, Advanced Custom Manufacturing, Euro-Composites, Aim Altitude, Encore Group, Nordam Group, The Gill Corporation, Zodiac Aerospace, Triumph Group, Avcorp Corporation, EFW, Rockwell Collins.