Asia Pacific Aircraft Floor Panel Market Drivers and Forecasts by 2027

Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027

Asia Pacific Aircraft Floor Panel Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Aircraft Type (Wide Body Aircrafts, Narrow Body Aircrafts, and General Aviation), Material Type (Aluminum Honeycomb and Nomex Honeycomb), Sales Channel (OEM and Aftermarket), and End User (Commercial and Military)

Report Date : Dec 2020
Report Code : TIPRE00017243

Category : Aerospace and Defense
Status : Published

Available Report Formats :
No. of Pages : 126

Page Updated: Feb 2021

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The APAC aircraft floor panel market is expected to grow from US$ 109.99 million in 2019 to US$ 183.00 million by 2027; it is estimated to grow at a CAGR of 8.6 % from 2020 to 2027.

The Australia, China, India, Japan, and South Korea are major economies in APAC. Upsurge in the adoption of wide body jets and business jets is expected to upswing the APAC aircraft floor panel market. The wide body jets are foreseen to be the concreting the future of the aviation industry, with the mounting number of orders for the new-generation wide body jets. The demand for A330 series, A350 series, B777 series, and B787 series models of wide body jets is currently greater than other models; these aircraft models are fuel-efficient and feature a longer range and higher endurance. These factors attract a substantial number of full service carriers (FSCs) and low cost carriers (LCCs), which boosts the order and shipment volumes. This further catalyzes the demand for aircraft floor panels among the aircraft manufacturers across APAC region. The A330 series aircraft model is one of the largest aircraft in the Airbus product list, and the demand for the same is foreseen to continue to rise among various airlines across APAC region. Being one of the largest aircraft models, the aircraft incorporates greater number of aircraft floor panels, and thus, the surge in its production increases the adoption of flooring panels. The projected rise in demand for such large aircraft is expected to boost the APAC aircraft floor panel market during the forecast period. The business jets or corporate jets are also in great demand due to mounting international trade and businesses, increasing the extent of travel of managerial executives to various countries across the APAC region. The increasing demand for wide body and business jets will surge the demand of aircraft floor panels, which will drive the APAC aircraft floor panel market.

Further, in case of COVID-19, APAC is highly affected specially the China and India. China is one of the leading aerospace manufacturing countries in the region and has been one of APAC's most affected country. Due to this, the manufacturing facilities have been witnessing severe conditions in aircraft and aircraft component manufacturing facilities. India, Japan, and South Korea are still combating the virus. However, the countries have eased the lockdown measures, which is reflecting the restart of manufacturing facilities. Nonetheless, the remarkable lower volumes of air travel passengers have slowed down the demand for various components among the OEMs and aftermarket players regionally and internationally. This has been negatively affecting the aircraft floor panels market. Several airlines in the region have retired their wide body jets and narrow body jets, which were prime customers of aftermarket products and services. This factor is anticipated to inhibit the aircraft floor panel market for the next few months.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC aircraft floor panel market. The APAC aircraft floor panel market is expected to grow at a good CAGR during the forecast period.

APAC Aircraft Floor Panel Market Segmentation

APAC Aircraft Floor Panel Market – By Aircraft Type

Wide Body Aircrafts
Narrow Body Aircrafts
General Aviation

APAC Aircraft Floor Panel Market – By Material Type

Aluminum Honeycomb
Nomex Honeycomb

APAC Aircraft Floor Panel Market – By Sales Channel

OEM
Aftermarket

APAC Aircraft Floor Panel Market – By End User

Commercial
Military

APAC Aircraft Floor Panel Market, by Country

Australia
China
India
Japan
South Korea
Rest of APAC

APAC Aircraft Floor Panel Market - Companies Mentioned

Aeropair Ltd
Aim Altitude UK Ltd.
Avcorp Industries Inc.
Collins Aerospace, a Raytheon Technologies Corporation company
Eco Earth solutions
Euro Composite S.A.
Safran S.A
Singapore Technologies Engineering Ltd
The Gill Corporation
The Nordam Group LLC

Asia Pacific Aircraft Floor Panel Report Scope

Report Attribute	Details
Market size in 2019	US$ 109.99 Million
Market Size by 2027	US$ 183.00 Million
CAGR (2020 - 2027)	8.6 %
Historical Data	2017-2018
Forecast period	2020-2027
Segments Covered	By Aircraft Type Wide Body Aircrafts Narrow Body Aircrafts General Aviation By Material Type Aluminum Honeycomb and Nomex Honeycomb By Sales Channel OEM and Aftermarket By End User Commercial and Military
Regions and Countries Covered	Asia-Pacific China India Japan Australia Rest of Asia-Pacific
Market leaders and key company profiles	Aeropair Ltd Aim Altitude UK Ltd. Avcorp Industries Inc. Collins Aerospace, a Raytheon Technologies Corporation company Eco Earth solutions Euro Composite S.A. Safran S.A Singapore Technologies Engineering Ltd The Gill Corporation

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the Asia Pacific Aircraft Floor Panel Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Regional, Country
Industry and Competitive Landscape
Excel Dataset

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