Aerospace Floor Panels Market for Regional jet will witness 5.7% CAGR To 2024 - PowerPoint PPT Presentation

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

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


1
Aerospace Floor Panels Market By Application,
Growth Potential Forecast, 2018 2024
2
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.

3
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.

4

Latest Research Report On Aerospace Floor Panels
Market _at_ https//www.gminsights.com/industry-analy
sis/aerospace-floor-panels-market Request
for a sample of this research report
_at_ https//www.gminsights.com/request-sample/detail
/2716
5
U.S. Aerospace Floor Panels Market, By Aircrafts,
2017 2024, (Units)

6
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

7
Industry Coverage

8
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.

9
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