Aerospace Floor Panels Market for Regional jet will witness 5.7% CAGR To 2024

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Aerospace Floor Panels Market By Application,
Growth Potential Forecast, 2018 2024
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Key Insights from Aerospace Floor Panels Market

• Reduction in gross airplane weight to improve
  fuel efficiency will drive the aerospace floor
  panels market size from 2018 to 2024. Properties
  including high stiffness and strength-weight
  ratio to meet structural strength will advocate
  its usage in cabin interiors. Companies are
  developing chemical resistant and fire-retardant
  materials to ensure passenger safety in case of
  any in-flight fire.
• As per International Air Transport Association
  (IATA), annual air passengers in 2017 increased
  from 4.1 billion to 4.3 billion as compared to
  2017. Aircraft manufacturers such as Airbus and
  Bombardier have enhanced their production
  capacity to overcome past backlog. In 2017,
  aircraft production grew by 4 to meet the rising
  consumer demand. These factors will positively
  influence aerospace floor panels market share
  during forecast period.
• Commercial aircraft segment will contribute
  around 84 of overall revenue with significant
  growth in overall aerospace industry till 2024.
  Rising annual spending and disposable income has
  amplified air traffic and increased international
  and domestic fleets.

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Continued...

• Regional jet segment will register over 5.5
  growth with increase in regional jets to fulfill
  aircraft gap between turbo prop and single aisle
  long range airplanes thereby accelerating product
  demand.
• Nomex honeycomb will witness 2.8 CAGR till 2024
  owing to increase in commercial aircraft demand.
  Properties including high fire resistance,
  stiffness, lightweight, thermal stability,
  excellent dielectric properties and superior
  strength will boost its utilization during
  forecast period.
• OEM will witness around 2 CAGR till 2024 owing
  to panel installation during cabin fabrication to
  reduce overall aircraft weight and ensure
  passenger safety. Industry players have undergone
  strategic alliance with airplane manufacturers to
  ensure continuous product supply. Increase in
  commercial and regional airliners will support
  aerospace floor panels market growth over
  forecast period. Aftermarket share will foresee
  robust growth with rise in retrofit and
  refurbishment activities.

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U.S. Aerospace Floor Panels Market, By Aircrafts,
2017 2024, (Units)

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Major Companies in Aerospace Floor Panels Market

• Advanced Custom Manufacturing,
• Euro Composites,
• Aim Altitude,
• EnCore Group,
• Nordam Group,
• The Gill Corporation,
• Zodiac Aerospace,
• Triumph Group,
• Avcorp Corporation, EFW

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Industry Coverage

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Regional Insights in Aerospace Floor Panels
Market

• North America holds the major aerospace floor
  panels market share with presence of aircraft
  manufacturers such as Falcon, Lockheed Martin,
  Boeing, Bombardier and Airbus.
• Europe will register substantial growth with
  increasing air traffic. In 2018, Europe recorded
  around 5 passenger traffic increase in
  comparison with 2017 further supporting the
  product demand.
• Middle East and Africa will witness growth owing
  to progress with prevailing travel and tourism
  industry.

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