Global Aerospace Floor Panels Market growing at a CAGR of 5.6% from 2023 to 2030
Category : Aerospace and Defence | Published Date : May 2023
Key Market Overview
Consegic Business Intelligence analyzes that the Aerospace Floor Panels Market is poised for strong expansion and is expected to reach USD 128.25 Million by 2030. The market, which was valued at USD 84.85 Million in 2022, is predicted to grow at a compound annual growth rate of 5.6% during the period 2023-2030.
The report highlights the increasing adoption of aerospace floor panels in the aviation industry owing to the ability of panels to offer improved fuel efficiency. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the aerospace floor panels market.
Global Aerospace Floor Panels Market By Overview
Consegic Business Intelligence provided an inclusive research report on the aerospace floor panels market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends. The report analyses significant segments such as Core Material, Operation, and Region, to identify emerging trends and potential opportunities. The core material segment is expected to grow owing to the growing demand for highly durable panels. By leveraging this information, market players have the opportunity to improve their competitive edge against other manufacturers by engaging in strategic collaborations, mergers, and acquisitions, and introducing innovative products to strengthen their market position.
Get Free SampleMarket Dynamics
Driver:
- The increasing adoption of lightweight materials to improve fuel efficiency is bolstering the market growth.
- The emergence of advanced materials to offer high durability and less sensitivity to pressure damage is driving the growth of the aerospace floor panels market.
- The ability of floor panels to increase longevity by eliminating the need for frequent floorboard replacements is spurring the growth of the market.
Restraints:
- The fluctuations in the price of raw materials namely aluminum and steel hamper the growth of the aerospace floor panels market.
- The high manufacturing cost associated with the production of aerospace floor panels is restraining the growth of the market.
Market Segmentation:
| Report Attributes | Report Details |
| By Core Material | Aluminum Honeycomb, Nomex Honeycomb, and Others |
| By Operation | Military Aircraft, Commercial Aircraft, Business Jets, Narrow Body Aircraft, Wide Body Aircraft, and Others |
| By Geography |
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Competitive Landscape
As per the study, the market is dominated by certain major companies such as Diehl Stiftung & Co. KG, Advanced Custom Manufacturing, AIM ALTITUDE, and Avcorp Industries that have a strong market position in current market circumstances. Further, the aerospace floor panels market is expected to witness significant growth in coming years owing to the development of advanced materials that are slip-proof, rough, and less sensitive to pressure damage and also require less maintenance. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments in aerospace floor panels are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.
- Diehl Stiftung & Co. KG
- Advanced Custom Manufacturing
- AIM ALTITUDE
- Avcorp Industries
- EFW
- ENCORE GROUP
- EURO COMPOSITES
- Heart Aerospace
- Satair
- L&L Products India Pvt. Ltd.
- Rockwell Collins (UTC)
- The Gill Corporation