Middle East and Africa Aircraft Floor Panel Market Developments and Forecast by 2027

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

Middle East and Africa 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 : TIPRE00017244

Category : Aerospace and Defense
Status : Published

Available Report Formats :
No. of Pages : 107

Page Updated: Feb 2021

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

The MEA aircraft floor panel market is expected to grow from US$ 33.96 million in 2019 to US$ 47.63 million by 2027; it is estimated to grow at a CAGR of 5.4 % from 2020 to 2027.

The Saudi Arabia, South Africa, and UAE are the major economies in MEA. The MEA aviation industry players are emphasizing the manufacturing and integration or mounting of lightweight materials on aircraft. The aviation authorities, aircraft manufacturers, aircraft component manufacturers, MRO service providers, and military forces across MEA region are seeking lightweight materials for each component to extend the flying range of the aircraft and increase fuel efficiency. Since the floor panels are critical components of any aircraft, the demand for lightweight floor panels is on the rise. This factor compels floor panel manufacturers across MEA region to design and develop the lightest possible floor panels for modern aircraft fleet. The MEA aircraft floor panel market players are leveraging the low weight nature of nomex and aluminum honeycomb structures. Both the materials are widely used in the construction of aircraft floor panels; however, nomex being 20% lighter than aluminum, the inclination toward nomex honeycomb floor panels is higher among the aircraft manufacturers, which would drive its adoption during the forecast period across MEA region. In addition to being lightweight in nature, the nomex honeycomb structures have a longer lifespan than its counterpart aluminum. The longer lifespan facilitates the aircraft operators to use the structure over a longer period without the need for frequent MRO service adoption. Advantage of lightweight materials such as long lasting, more fuel efficiency etc. are expected to increase their demand for floor panel manufacturing, which will drive the MEA aircraft floor panel market.

Further, in case of COVID-19, MEA is highly affected specially the UAE and Iran. The MEA aircraft floor panels market is majorly affected by the disruption in the supply chain. Pertaining to the closure of countries' borders, the supply chain of several components and parts has been disturbed. The demand for advanced aircraft components, including aircraft floor panels for line fitting and retrofitting activities on military aircraft fleet and general aviation fleet among the aircraft manufacturers, military forces, and MRO service providers, has weakened over the past couple of months. This has resulted in a loss of business among the aircraft floor panel market players offering their products to respective customers in the MEA region. Additionally, several airlines have postponed or canceled the procurement or orders of scheduled aircraft. South Africa has few aircraft manufacturers, which produce general aviation piston aircraft. The widespread COVID – 19 viruses have led the manufacturers to suspend their operations or operate with a minimal workforce temporarily. This has weakened the demand for aircraft floor panels, thereby hindering the country's aircraft floor panel market

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 MEA aircraft floor panel market. The MEA aircraft floor panel market is expected to grow at a good CAGR during the forecast period.

MEA Aircraft Floor Panel Market Segmentation

MEA Aircraft Floor Panel Market – By Aircraft Type

Wide Body Aircrafts
Narrow Body Aircrafts
General Aviation

MEA Aircraft Floor Panel Market – By Material Type

Aluminum Honeycomb
Nomex Honeycomb

MEA Aircraft Floor Panel Market – By Sales Channel

OEM
Aftermarket

MEA Aircraft Floor Panel Market – By End User

Commercial
Military

MEA Aircraft Floor Panel Market, by Country

Saudi Arabia
UAE
South Africa
Rest of MEA

MEA Aircraft Floor Panel Market - Companies Mentioned

Aim Altitude UK Ltd.
Collins Aerospace, a Raytheon Technologies Corporation company
Euro Composite S.A.
Safran S.A
Singapore Technologies Engineering Ltd
The Gill Corporation

Middle East and Africa Aircraft Floor Panel Report Scope

Report Attribute	Details
Market size in 2019	US$ 33.96 Million
Market Size by 2027	US$ 47.63 Million
CAGR (2020 - 2027)	5.4 %
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	Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Aim Altitude UK Ltd. Collins Aerospace, a Raytheon Technologies Corporation company 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 Middle East and Africa 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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