Aerospace Floor Panels Market Size To Reach $554.4 Million By 2025: Grand View Research, Inc.
The
global aerospace floor panels market size is expected to
reach USD 554.4 million by 2025, according to a new report by Grand View
Research, Inc., registering a CAGR of 5.6% during the forecast period. The
market is majorly driven by the growth of the aerospace industry, rising air
passenger traffic, and increasing defense expenditure.
Aerospace
floor panels are crucial products used for flooring in aircraft. They are
manufactured using a number of raw materials including Nomex honeycomb and
aluminum honeycomb. These raw materials are used to manufacture aerospace floor
panels to be used in military, commercial, and business aircraft.
In terms of
revenue, commercial aviation was the largest end-use segment for aerospace
floor panels, accounting for 59.4% of the global market in 2016. Air passenger
traffic has been increasing consistently over the years and this trend is
expected to continue over the forecast period. Rising passenger traffic is
supported by increasing deliveries from manufacturers. Also, increase in number
of routes that connect various cities has facilitated the growth of air
passenger traffic.
A large
number of research agencies have been carrying out R&D activities and are
increasing investments in aerospace floor panels field for several years now.
Research has helped in discovering various benefits of using aluminum honeycomb
for manufacturing these panels. Technological innovations involving honeycombs
have led to discovery of new methods of manufacturing high-strength and
lightweight honeycomb cores.
Full
Research Report On Global Aerospace Floor Panels Market Analysis:
www.grandviewresearch.com/industry-analysis/aerospace-floor-panels-market
www.grandviewresearch.com/industry-analysis/aerospace-floor-panels-market
Further
key findings from the report suggest:
- The military aircraft
end-use segment will exhibit the fastest CAGR of 7.2% in terms of revenue
from 2017 to 2025, on account of growing defense spending across the globe
- By aircraft type, the
narrow body segment emerged dominant in terms of revenue in 2016 and is
estimated to reach a market size of USD 386.0 million by 2025. Rising
adoption of these aircraft for domestic transport, where compact aircraft
are preferred, is expected to drive growth
- Asia Pacific is expected
to witness significant growth over the forecast period, mainly on account
of considerable growth in air traffic and defense spending, especially in
India and China. In terms of revenue, this regional market is expected to
exhibit a CAGR of 6.7% from 2017 to 2025
- Key players such as
Rockwell Collins Inc.; Zodiac Aerospace; Triumph Group Inc.; The Nordam
Group Inc.; AIM Aviation Ltd.; EnCore Group; and The Gill Corporation
dominated the industry.
View more
reports of this category by Grand View Research at:
www.grandviewresearch.com/industry/advanced-materials
www.grandviewresearch.com/industry/advanced-materials
Grand View Research has segmented the global aerospace floor panels
market on the basis of raw material, aircraft type, end use, and region:
Aerospace
Floor Panels Raw Material Outlook (Revenue, USD Million, 2014 - 2025)
- Nomex
honeycomb
- Aluminum
honeycomb
- Others
Aerospace
Floor Panels Aircraft Type Outlook (Revenue, USD Million, 2014 - 2025)
- Narrow
body aircraft
- Wide
body aircraft
- Very
Large Aircraft (VLA)
Aerospace
Floor Panels End-use Outlook (Revenue, USD Million, 2014 - 2025)
- Commercial
aviation
- Military
aircraft
- Business
jets
Aerospace
Floor Panels Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Europe
- U.K.
- Germany
- Asia
Pacific
- China
- India
- Japan
- Central
& South America
- Brazil
- Middle
East & Africa
- UAE
- Saudi
Arabia
View press
release of this research report by Grand View Research:
www.grandviewresearch.com/press-release/global-aerospace-floor-panels-market
www.grandviewresearch.com/press-release/global-aerospace-floor-panels-market
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more
information: www.grandviewresearch.com
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