Aerospace floor panels market for aluminum honeycomb materials will witness sturdy growth owing to high strength to weight ratio. Non-absorbent and high recyclable properties of aluminum decreases product cost. It imparts superior strength to structures that further enhances component life. Competitive cost in comparison with other materials will fuel aluminum honeycomb demand over the forecast period. Titanium honeycomb aerospace floor panels market segment will foresee growth with better corrosion resistance and strength as compared to stainless steel and aluminum.
Regional jets will witness healthy growth owing to increasing demand fulfilling gap between single aisle and turbo prop airplanes. Rising regional jet production from companies including Bombardier to strengthen global airline network will support product demand. Proliferating tourism industry and economic expansion in Middle East & Africa will boost business aircrafts demand and propel aerospace floor panels market growth.
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Commercial aircraft will account for over 84% of total revenue till 2024 with substantial growth in global aviation industry. Rising per capita and annual income has augmented air passenger traffic resulting an increase in domestic and international fleet size. Growth in aircraft production facilities in regions such as Europe and North America will fuel aerospace floor panels market by 2024.
Applicable in a variety of segments such as railways, marine, construction and energy, the honeycomb sandwich design offers exceptional strength-to-weight ratio and panels can be modified according to the type of use. In terms of improving interior aesthetics of an aircraft, the surfaces of these panels can be customized depending on the face sheet material. With the use of high-quality honeycomb sandwich panels to ensure a strong floor base, the global aerospace floor panels market surpassed a revenue of USD 174 million in 2017. Aluminium honeycomb panels, in particular, are increasingly being utilized in aircraft production and demand for these panels is expected to rise steadily over the next few years.
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North America aerospace floor panels market holds major share owing to presence of major aircraft manufacturers including Lockheed Martin, Falcon, Boeing, Airbus and Bombardier. Europe region will foresee significant growth with constant increase in air passengers. In 2018, Europe witnessed over 5% rise in passenger traffic as compared to 2017. Latin America market is at nascent stage and will register healthy growth with owing to low air fare to attract more customers.
Some Point from Table of Contents:
Chapter 4. Aerospace Floor Panels Market, By Aircraft
4.1. Global aerospace floor panels market share by aircraft, 2017 & 2024
4.1.1. Commercial aircraft
188.8.131.52. Market estimates and forecast, 2013-2024
184.108.40.206. Market estimates and forecast, by region, 2013-2024
4.1.2. Regional jet
220.127.116.11. Market estimates and forecast, 2013-2024
18.104.22.168. Market estimates and forecast, by region, 2013-2024
4.1.3. Business jet
22.214.171.124. Market estimates and forecast, 2013-2024
126.96.36.199. Market estimates and forecast, by region, 2013-2024
188.8.131.52. Market estimates and forecast, 2013-2024
184.108.40.206. Market estimates and forecast, by region, 2013-2024
Chapter 5. Aerospace Floor Panels Market, By Raw Material
5.1. Global aerospace floor panels industry share by raw material, 2017 & 2024
5.2. Nomex honeycomb
5.2.1. Market estimates and forecast, 2013 – 2024
5.2.2. Market estimates and forecast, by region, 2013–2024
5.3. Aluminum honeycomb
5.3.1. Market estimates and forecast, 2013 – 2024
5.3.2. Market estimates and forecast, by region, 2013–2024
5.4.1. Market estimates and forecast, 2013 – 2024
5.4.2. Market estimates and forecast, by region, 2013–2024
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