According to a report published by Fortune Business Insights, titled “Aerospace Floor Panels Market Size, Share & Industry Analysis, By Core Material (Nomex Honeycomb, Aluminum Honeycomb, and Others), By Aircraft (Commercial, Military, Business & General Aviation, and Others) and Regional Forecast, 2020-2027,” the market was worth USD 75.37 million in 2019 and will exhibit a CAGR of 5.45% during the forecast period, 2020-2027.
The global aerospace floor panels market size is projected to reach USD 107.27 million by the end of 2027. The increasing investment in the research and development of efficient aerospace floor panels will constitute an increase in the overall market size.
The market in Europe accounts for the second-largest share among all regions. The presence of floor panel giants such as Airbus has benefited the growth of the market. Moreover, other large scale companies in several countries such as Germany, France, and the UK will contribute to the growth of the overall market in this region.
List of companies profiled in the report:
- Rockwell Collins (UTC){USA}
- EFW{Germany}
- The Gill Corporation{USA}
- Avcorp Industries{Canada}
- Triumph Group{USA}
- The NORDAM Group LLC{USA}
- ENCORE GROUP{USA}
- EURO COMPOSITES{USA}
- AIM ALTITUDE{UK}
- Advanced Custom Manufacturing{USA}
- Others
Industry Developments:
September 2017: Triumph Group announced that it has extended its contract with Boeing for ducting and floor panels required for Boeing’s 737 (legacy and MAX), 767, 777X and 787 airplanes. Through this contract, the company will deliver these composite materials over the next decade.
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This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of Aerospace Parts Manufacturing.
The study also provides dynamics that are responsible for influencing the future status of the Aerospace Parts Manufacturing market over the forecast period.The recent report on the global Aerospace Parts Manufacturing market published by the Fact.MR includes the impact of COVID-19 on the Aerospace Parts Manufacturing market.
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This has affected each and every market in the world and it will take a good amount of time to recover.
