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Aerospace Floor Panel Market - By Aircraft (Commercial Aircraft, Regional Jet, Business Jet, Helicopter), By Raw Material (Nomex Honeycomb, Aluminum Honeycomb), By Distribution Channel (OEM, Aftermarket) & Forecast, 2023 – 2032

  • Report ID: GMI2716
  • Published Date: Sep 2023
  • Report Format: PDF

Aerospace Floor Panel Market Size

Aerospace Floor Panel Market size was valued at USD 303 billion in 2022 and it is expected to exhibit a robust CAGR of over 6% between 2023 and 2032. Several key market drivers contribute to this growth including the increasing demand for commercial and military aircraft worldwide coupled with the need for lightweight & durable materials in aircraft construction. Additionally, advancements in aerospace technology and a focus on enhancing passenger comfort & safety are driving innovation in floor panel materials and designs. These factors, among others, present substantial opportunities for market growth & innovation during the forecast period.
 

Aerospace Floor Panel Market

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An aerospace floor panel is a specialized component used in aircraft and spacecraft construction. It serves as the structural foundation of the cabin or cargo area, providing support for passengers, crew, and equipment while also offering protection against various forces, such as impact, vibration, and pressure changes. Aerospace floor panels are engineered to be lightweight yet exceptionally strong, often made from advanced materials like composites or lightweight metals to minimize overall weight, crucial for fuel efficiency and flight performance.
 

The market is witnessing increasing design & development challenges pertaining to aircraft floor panels. Furthermore, the rapid integration of new technologies and the need to ensure a resilient supply chain in the face of disruptions have added layers of complexity to the design & development process for aircraft floor panels, making it an increasingly demanding task.
 

COVID-19 Impact

The COVID-19 pandemic had significant impacts on the aerospace floor panel market. It led to disruptions in the global supply chains, reduced air travel demand, and the temporary grounding of numerous aircraft. These challenges impacted the production and installation of aerospace floor panels. However, the pandemic also prompted a re-evaluation of cabin interiors with a greater emphasis on hygiene and passenger safety. As a result, manufacturers have explored antimicrobial and easy-to-clean materials for floor panels, presenting new opportunities in the post-pandemic aviation landscape.
 

Aerospace Floor Panel Market Trends

The aerospace floor panel industry witnesses several trends that are shaping the industry’s landscape. Aerospace floor panel trends are shifting toward lightweight, sustainable materials that reduce emissions and enhance fuel efficiency. Advanced flooring solutions, emphasizing durability & noise reduction, are gaining traction, offering improved durability, noise reduction capabilities, and ease of maintenance. Airlines are placing a premium on cabin interiors that reflect their brand identity and provide a unique passenger experience. The aerospace industry is embracing digitalization & connectivity and aerospace floor panels are now integrated into the broader aircraft connectivity ecosystem. Enhanced safety features, global expansion into emerging markets, and a commitment to passenger comfort & sustainability are key trends shaping the market's future.
 

Aerospace Floor Panel Market Analysis

 Aerospace Floor Panel Market Size, By Raw Material, 2021-2032 (USD Billion)

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Based on raw material, the aerospace floor panel market is segmented into Nomex honeycomb and aluminum honeycomb and others. The Nomex honeycomb segment held over 54% in 2022 and is expected to grow at a lucrative pace. The Nomex honeycomb segment refers to a specialized category of floor panels designed using Nomex honeycomb cores. Nomex is a brand of flame-resistant meta-aramid material that offers exceptional strength-to-weight ratio and heat-resistant properties. Despite their lightweight nature, Nomex honeycomb structures provide remarkable structural strength. Aerospace floor panels are engineered to ensure robustness and structural integrity, meeting stringent safety & performance standards required in the aerospace industry. Nomex honeycomb cores also exhibit excellent vibration-dampening properties and are highly customizable, enabling manufacturers to tailor floor panels to precise design & performance specifications.
 

Aerospace Floor Panel Market Share, By Aircraft, 2022

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Based on aircraft, the aerospace floor panel market is segmented into commercial, regional jet, business jet, and helicopter. The regional jet segment is expected to grow at a fast pace of over 10% CAGR through 2032. The regional jet segment is a specialized category that specifically caters to the flooring needs of regional aircraft, commonly referred to as regional jets. These aircraft are smaller in size compared to larger commercial planes and are primarily designed for short to medium-haul routes, typically serving regional or domestic destinations with fewer passengers. Aerospace floor panels are tailored to meet the unique requirements of regional jets including considerations for weight reduction, durability, safety, and cabin aesthetics. Regional jets are designed to be fuel-efficient and cost-effective for shorter routes. The regional jet segment addresses the distinct needs of regional airlines, aircraft manufacturers, and operators who rely on smaller, more fuel-efficient aircraft to connect passengers to regional destinations.
 

China Aerospace Floor Panel Market Size

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Asia Pacific aerospace floor panel market is expected to grow at a CAGR of over 7% through 2032. This region holds immense significance in the aerospace industry due to its burgeoning aviation sector, increasing air travel demands, and a growing number of airline & aircraft manufacturers. Regional economic developments coupled with new technology aircraft to enhance customer experience are significantly contributing to rising air traffic growth. The Asia Pacific region is experiencing substantial growth in air travel, which is driven by rising disposable incomes, urbanization, and a burgeoning middle class. The expansion of regional air connectivity and the emergence of new air routes are positively influencing industry demand. Countries such as China, Japan, South Korea, and India have emerged as prominent manufacturing hubs for commercial & military aircraft components. The region is at the forefront of technological advancements in aviation.
 

Aerospace Floor Panel Market Share

Some of the major players operating in the aerospace floor panel market are:

  • Rockwell Collins
  •  EFW
  • The Gill Corp
  •  Avcorp Industries
  • Triumph Group
  • Zodiac Aerospace
  •  Nordam Group
  •  EnCore Group
  •  Aim Altitude
  • EURO-Composites
  • Advanced Custom Manufacturing
     

These players focus on strategic partnerships and new product launches & commercialization for market expansion. Furthermore, they also heavily invest in research to introduce innovative services and garner maximum revenue in the market.
 

Aerospace Floor Panel Industry News

  • In June 2023, Collins Aerospace announced that it is developing a 1-megawatt electric generator for the Air Force Research Laboratory (AFRL). The 1MW generator – developed by the company's Collins Aerospace business – will be used to power such systems, safely and efficiently. The company aims to deliver hardware to the AFRL and test the generator to Technology Readiness Level (TRL) 5 in 2024 using The Grid, its advanced electric power systems lab slated to open in 2023 in Rockford, Illinois.
     

The aerospace floor panel market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million and units) from 2018 to 2032, for the following segments:

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By Aircraft

  • Commercial Aircraft
  • Regional Jet
  • Business Jet
  • Helicopter
  • Others

By Raw Material

  • Nomex Honeycomb
  • Aluminum Honeycomb
  • Others

By Distribution Channel

  • OEM
  • Aftermarket

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • ANZ
    • Singapore
    • Rest of Asia Pacific 
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA

 

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The global market size for aerospace floor panel was valued at USD 303 billion in 2022 and is expected to exhibit a robust CAGR of over 6% between 2023 and 2032, driven by the increasing demand for commercial and military aircrafts worldwide.

The Nomex honeycomb segment held a dominant market share of over 54% in 2022 and is expected to grow at a lucrative pace owing to the material properties such as flame-resistance, exceptional strength-to-weight ratio, heat-resistance, and remarkable structural strength.

Asia Pacific aerospace floor panel industry is expected to grow at a CAGR of over 7% through 2032, due to the region’s burgeoning aviation sector, increasing air travel demands, and a growing number of airline & aircraft manufacturers.

Rockwell Collins, EFW, The Gill Corp., Avcorp Industries, Triumph Group, Zodiac Aerospace, Nordam Group, EnCore Group, Aim Altitude, EURO-Composites, and Advanced Custom Manufacturing.

Aerospace Floor Panel Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 11
  • Tables & Figures: 569
  • Countries covered: 24
  • Pages: 250
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