According to our latest market study on " Aircraft Floor Panel Market Forecast to 2031 -Global Analysis - by Aircraft Type, Material Type, End Use," the market is expected to grow from US$ 649.35 million in 2024 to US$ 1,027.23 million by 2031; it is anticipated to grow at a CAGR of 6.8% from 2024 to 2031.

Retrofitting facilitates passenger comfort and safety and helps the airlines maintain their older fleets. One substantial example is Air India's aircraft retrofit program in 2024. This initiative is anticipated to focus on cabin retrofits across its legacy widebody fleets and some narrow body aircraft. The goal is to modernize the passenger experience and ensure that the aircraft meets current comfort and safety standards. Air India is targeting retrofitting over 100 planes, including 40 wide body planes, and has ordered ~25,000 aircraft seats as part of revamping the fleet. Continuous advancements in aircraft technologies are ensuing in the upgrade of MRO capabilities. MRO service companies are continuously seeking upgrades and purchasing newer technologies in order to service the newer aircraft as well as retrofit the advanced technologies on the older aircraft fleets. This factor is compelling the airlines to opt for MRO activities frequently, facilitating the MRO service providers to offer the airlines to retrofit the aircraft fleet with newer technologies. Thus, the integration of advanced and modern technologies into older aircraft fleets is expected to bring new trends into the aircraft floor panel market in the coming years.

The rising demand for air travel worldwide is encouraging aircraft manufacturers such as Airbus and Boeing to increase their production volumes and offer maintenance services for these aircraft as well. Airbus and Boeing are the leading aircraft manufacturers that utilize different types of aircraft floor panels. With the constant growth in air traffic, carriers are more liable to maintain the optimum condition of the aircraft to extend their life span; otherwise, they would have to procure new aircraft. MRO service providers are constantly seeking upgrades and procurement of newer lightweight materials for their newer aircraft as well as retrofitting the upgraded materials on the older aircraft fleets. The aircraft floor panel made from aluminum and other composite lightweight materials with a honeycomb structure is widely used by aircraft manufacturers across the globe.

The global aircraft floor panel market has been segmented based on aircraft type, material type, end user, and end use. Based on aircraft type, the market is segmented into narrow body aircraft, wide body aircraft, general aviation, and others. Based on material type, the market is segmented into aluminum honeycomb and nomex honeycomb. Based on end user, the global aircraft floor panel market is segmented into commercial aviation and military aviation. Based on end use, the market is segmented into OEMs and aftermarket. The global aircraft floor panel market has also been analyzed based on five major regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Key Findings of Market Study:

Singapore Technologies Engineering Ltd, Collins Aerospace, Safran SA, Triumph Group Inc, Latecoere SA, The Gill Corporation, Nordam Group LLC, Aeropair Ltd., The Boeing Co, VINCORION Advanced Systems GmbH, JCB Aero, Jones Metal Products, Geven Spa, LMI Aerospace, Eco Earth Solutions, and Euro Composite SA are among the key players profiled during this market study. In addition to these players, several other essential market players have also been studied and analyzed to get a holistic view of the global aircraft floor panel market and its ecosystem.

Contact Us
Phone: +1-646-491-9876
Email Id: sales@premiummarketinsights.com