Aircraft Flooring Panel Market Report 2024 (Global Edition)

Global Aircraft Flooring Panel Market Report 2024 Market Size Split by Material Type Outlook: (Nomex Honeycomb, Aluminum Honeycomb, Others), by Aircraft Type Outlook: (Wide Body Aircrafts, Narrow Body...

Aircraft Flooring Panel Market Report Description

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Competitive Landscape of the Aircraft Flooring Panel Market

The global aircraft flooring panels market is highly regulated and fragmented. The leading firms have established a very robust and efficient supply chain on a global scale. Various parts are manufactured in different parts of the world and assembled at different locations. Long-term supply agreements are widely used by the market to avoid supply delays. In order to meet enormous client demands and boost internal manufacturing capacities, major businesses are also focusing on merger and acquisition initiatives. This lessens the company's dependency on other producers and improves its overall supply performance.

June 2022: German leisure carrier Condor awarded Lufthansa Technik (LHT) its first contract for a HeatNOW floor heating system, which LHT will install in its fleet of Airbus A320s. The HeatNOW system prevents cold spots from forming in airplane cabins by using unique conductive coating technology. (Source: https://www.lufthansa-technik.com/en/condor-chooses-heatnow-16b7b020291a42be ) March 2022: To make cabin floor replacement and repair easier, Satair (Airbus) introduced the Airbus Semi-Finished Floor Panel (ASFP), a new solution for aircraft flooring panels. ASFP provides more efficiency, lower costs, and a larger utilization area. (Source: https://aviationweek.com/mro/interiors-connectivity/satair-pursues-simplified-aircraft-floor-repairs ) June 2019: In order to strengthen its relationship with the OEM through asset and skill training and to expand its market share in China, Safran SA partnered with Zhejiang XiZi Aircraft Component Company. (Source: https://www.safran-group.com/pressroom/safran-cabin-and-zhejiang-xizi-announce-collaboration-agreement-2019-06-17 )

Top Companies Market Share in Aircraft Flooring Panel Industry: (In no particular order of Rank)

• Avcorp Industries Inc.
• B E Aerospace (Rockwell Collins)
• The EnCore Group
• Euro-Composites S.A.
• The Gill Corporation
• Triumph Group (Triumph Composite Systems)
• Zodiac Aerospace
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Aircraft Flooring Panel Market

Which Region Dominates the Aircraft Flooring Panel Market in 2024?

According to Cognitive Market Research, North America currently dominates the Aircraft Flooring Panel market, and the region is expected to have significant growth during the projected period. This area is home to a great number of OEMs, ranging in size from small to large. In the aerospace sector, this area has been a pioneer. Most of the participants have North American production and assembly facilities. All of the industry's largest floor panel manufacturers are also in the region to help OEMs develop cutting-edge products that meet airline standards.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) because of significant aircraft orders and regional delivery volumes. With significant fleet deployments and production quantities of both military and commercial aircraft, the APAC aviation sector is growing rapidly. The commercial aviation business has grown rapidly in recent years, primarily due to the fleet development strategies of full service carriers (FSCs) and new low cost airlines (LCCs).

The current report Scope analyzes Aircraft Flooring Panel Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Aircraft Flooring Panel

According to Cognitive Market Research, the global Aircraft Flooring Panel market size was estimated at USD 415.9 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 166.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Aircraft Flooring Panel market with a market size of USD 131.26 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period fueled by the existence of significant aircraft producers.
• The Canada Aircraft Flooring Panel market had a market share of USD 19.96 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period fueled by the growth of low-cost carriers and rising investments in the aircraft industry.
• The Mexico Aircraft Flooring Panel market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 15.14 million in 2024.

Europe Aircraft Flooring Panel

According to Cognitive Market Research, the global Aircraft Flooring Panel market size was estimated at USD 415.9 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 124.77 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.

• The United Kingdom Aircraft Flooring Panel market had a market share of USD 20.96 million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period fueled by the existence of significant aircraft manufacturers and the growing demand for air travel.
• The France Aircraft Flooring Panel market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 11.48 million in 2024.
• According to Cognitive Market Research, the German Aircraft Flooring Panel market size was valued at USD 24.70 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period motivated by deliberate expenditures on modernizing the fleet and aviation infrastructure.
• The Italy Aircraft Flooring Panel market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 10.73 million in 2024.
• The Russia Aircraft Flooring Panel market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 19.34 million in 2024.
• The Spain Aircraft Flooring Panel market is projected to witness growth at a CAGR of 3.1% during the forecast period with a market size of USD 10.23 million in 2024
• The Luxembourg Aircraft Flooring Panel market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 3.87 million in 2024.
• The Portugal Aircraft Flooring Panel market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 2.62 million in 2024.
• The Greece Aircraft Flooring Panel market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 1.50 million in 2024.
• The Rest of Europe's Aircraft Flooring Panel market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 19.34 million in 2024.

Asia Pacific Aircraft Flooring Panel

According to Cognitive Market Research, the global Aircraft Flooring Panel market size was estimated at USD 415.9 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 95.66 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Aircraft Flooring Panel market size was valued at USD 43.05 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period driven by the presence of major aircraft manufacturers.
• The Japan Aircraft Flooring Panel market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 13.20 million in 2024.
• The India Aircraft Flooring Panel market had a market share of USD 11.48 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period driven by the expansion of low-cost airlines and increased aircraft sector spending.
• The South Korean Aircraft Flooring Panel market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 9.57 million in 2024.
• The Australian Aircraft Flooring Panel market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 4.97 million in 2024.
• The South East Asia Aircraft Flooring Panel market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 6.60 million in 2024.
• The Rest of Asia Pacific Aircraft Flooring Panel market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 6.79 million in 2024.

South America Aircraft Flooring Panel

According to Cognitive Market Research, the global Aircraft Flooring Panel market size was estimated at USD 415.9 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 20.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Aircraft Flooring Panel market size was valued at USD 8.90 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period driven by both the expanding demand for air travel and the presence of major aircraft manufacturers.
• Argentina's Aircraft Flooring Panel market had a market share of USD 3.49 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period driven by intentional investments in updating the fleet and aviation facilities.
• Colombia Aircraft Flooring Panel market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 1.85 million in 2024.
• Peru Aircraft Flooring Panel market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 1.71 million in 2024.
• Chile Aircraft Flooring Panel market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 1.50 million in 2024.
• The Rest of Latin America's Aircraft Flooring Panel market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 3.35 million in 2024.

Middle East and Africa Aircraft Flooring Panel

According to Cognitive Market Research, the global Aircraft Flooring Panel market size was estimated at USD 415.9 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 8.32 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031..

• The GCC Countries Aircraft Flooring Panel market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 3.56 million in 2024 fueled by the existence of significant aircraft producers.
• The Egypt Aircraft Flooring Panel market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 0.87 million in 2024.
• The South Africa Aircraft Flooring Panel market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 1.11 million in 2024 caused by rising aviation industry spending and the growth of low-cost airlines.
• The Turkey Aircraft Flooring Panel market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 0.72 million in 2024.
• The Nigeria Aircraft Flooring Panel market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 0.87 million in 2024.
• The Rest of the MEA Aircraft Flooring Panel market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 0.98 million in 2024.

Aircraft Flooring Panel Market Analysis

How are Segments Performing in the Global Aircraft Flooring Panel Market?

Aircraft Flooring Panel Market Material Type Segment Analysis

According to Cognitive Market Research, Nomex honeycomb category is likely to dominate the Aircraft Flooring Panel Market over the forecast period. The demand for these materials due to their safety standards and fire resistance is driving the market's growth. This substance is resistant to high temperatures and provides excellent thermal and acoustic insulation. Additionally, the material's remarkable dimensional stability and resistance to moisture and chemicals contribute to its widespread application in the aerospace industry.

The aluminum honeycomb is the fastest-growing segment in the Aircraft Flooring Panel Market because decreasing weight in aviation design depends heavily on the material chosen. It weights less than metal and steel, which are common materials for floor panels. This enhances the internal performance of the airplane and saves fuel. Their use in the aircraft flooring panel industry has increased as a result of the ease with which complex, custom aluminum honeycomb structures can now be produced due to advanced production techniques like additive manufacturing.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Aircraft Flooring Panel Industry. Request a Free Sample PDF!

Aircraft Flooring Panel Market Aircraft Type Segment Analysis

According to Cognitive Market Research, the narrow body aircrafts segment holds the largest share of the market. An aircraft with a single aisle of seats is referred to as a narrow-body aircraft. In narrow-body aircraft, the signal aisle usually has two to six seats in a row. Both domestic and short-haul foreign flights are frequently operated by them. The maximum number of people that a narrow-body airplane may accommodate is 300. Increasing domestic operations is one strategy airlines are using to stay afloat in the face of the ongoing pandemic. For instance, in October 2021, there were 70.5% more passengers flying on domestic carriers than there were in the same time in 2020, according to the Directorate General of Civil Aviation (DGCA), India. The global aircraft flooring panel market is boosted by the adoption of narrow-body aircraft for domestic flights.

In the Aircraft Flooring Panel Market, the regional aircrafts has been expanding at a rapid pace. The regional jet segment is a niche market that focuses on meeting the flooring requirements of regional aircraft, also known as regional jets. Usually serving domestic or regional locations with fewer passengers, these aircraft are smaller than bigger commercial jets and are mostly made for short- to medium-haul flights. Aircraft Flooring Panels are designed to satisfy the particular needs of regional jets, taking into account factors like cabin aesthetics, durability, safety, and weight reduction.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Aircraft Flooring Panel Sales Channel Outlook: Segment Analysis

Aircraft Flooring Panel Market Sales channel Segment Analysis

According to Cognitive Market Research, the OEM segment holds the largest market share driven by the increased manufacturing of new airplanes to satisfy the growing demand for air transport worldwide. Innovative floor panels are being more widely used during the production stage as a result of aircraft manufacturers' emphasis on lightweight materials and cutting-edge technology to improve fuel efficiency and lower operating costs. The OEM category is also growing as a result of the expansion of the commercial aviation industry and rising military aircraft orders.

In the Aircraft Flooring Panel market, the rapidly growing sector is the aftermarket category because floor panels in aging vehicles require maintenance and replacement. The need for aftermarket goods has increased as airlines work to uphold operating safety and adhere to legal requirements. This segment's growth is also supported by the increasing emphasis on updating airplane interiors for improved passenger comfort and contemporary design.

• OEM
• Aftermarket

Author's Detail

Anjali Lawand

Research Associate at Cognitive Market Research

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Anjali Lawand is an accomplished market researcher with a distinct focus on the intricate sector of the Aerospace and Defense. Driven by an unshakable analytical prowess and an insatiable appetite for technological progress, she has committed more than ten years to immersing herself in the ever-evolving panorama that molds the trajectory of aviation, space exploration, and the critical sphere of national security.

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