Aircraft Interior Sandwich Panel Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3043
Aircraft Interior Sandwich Panel Market size is poised to grow at a high CAGR from 2018 to 2024 impelled by increasing aircraft production owing to modernization of manufacturing technologies along with rising air passenger traffic. The aviation industry emphasizes sustaining its brand value and maintaining its loyal customers, thereby focusing on providing improved quality and safe interior cabin atmosphere for the travelers.
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.
The industry participants are focusing on using lightweight composite materials for manufacturing interior sandwich panels that will significantly reduce aircraft weight and improve flight efficiency considerably. Effective weight management, lower fuel consumption, and reduced carbon emissions are some of the major benefits offered by these panels, thereby providing a positive outlook for the business proliferation.
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 materials, the 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.
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.
Based on the distribution channel, the aircraft interior sandwich panel marketplace is divided into OEM and MRO. Increasing production of aircraft across the globe owing to improving tourism supported by lower cost ticket fares is supporting the industry proliferation over the study timeframe. The requirement for periodic maintenance of these flights owing to continuous travel and occurrence of wear & tear is supporting the MRO growth till 2024.
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.
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.
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