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Aircraft Floor Panel Market to Reach US$ 515.1 Million, Says Stratview Research
As per Stratview Research, . Healthy future growth rate offers a plethora of opportunities to the entire ecosystem of the market. Increasing production rates of key commercial and regional aircraft, such as B737, B787, A320, A350XWB, and A220; upcoming commercial and regional aircraft, such as COMAC C919 and Mitsubishi MRJ; requirement of lightweight aircraft flooring, advancement in the flooring technology; and increasing global aircraft fleet size are the major growth drivers of the market.
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The research's findings suggest that , whereas wide-body aircraft is likely to witness the highest growth during the same period, driven by increasing demand for wide-body aircraft, such as B787 and A350XWB, in the developing economies, such as China and India .
In terms of core material type, . All the major aircraft types including narrow-body and wide-body, are heavily relying on this unique material. Nomex honeycomb offers enormous advantages over competing materials, such as lightweight, exceptional stiffness and strength, good corrosion resistance, good fire resistance, good thermal stability, and excellent dielectric properties.
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As per the study, . The region has been a pioneer in the aerospace & defense industry and is the manufacturing capital with the presence of several small- to large-sized OEMs in each aircraft category. However, Asia-Pacific is expected to witness the highest growth during the same period. Highest commercial aircraft fleet size, opening of manufacturing/assembly plants of Boeing and Airbus, and upcoming indigenous commercial and regional aircraft, such as COMAC C919 and Mitsubishi MRJ will continue to drive the Asia-Pacific's market in the coming years.
. New product development, adoption of advanced lightweight materials, and collaboration with OEMs are some of the key strategies adopted by the major players to gain a competitive edge over other others.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the floor panel market in the global aircraft industry and has segmented the market in four ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the four ways in which the market is segmented:
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