South America Aircraft Floor Panel Market Segments and Growth by 2027

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

South America 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 : TIPRE00017245

Category : Aerospace and Defense
Status : Published

Available Report Formats :
No. of Pages : 99

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

The SAM aircraft floor panel market is expected to grow from US$ 78.63 million in 2019 to US$ 120.69 million by 2027; it is estimated to grow at a CAGR of 7.1 % from 2020 to 2027.

The Brazil is the major economy in SAM. Mounting demand for air freighter fleet is expected to upswing the SAM aircraft floor panel market. The SAM air freight business is surging at an exponential rate, thereby driving the orders and shipment of freighter aircraft models across SAM region. The wide body freighters dominated the air freight industry over the years, thus boosting the procurement volumes of aircraft floor panels for SAM region. The flooring of any freighter aircraft is manufactured with ultimate precaution and accuracy, as the floor panels need to carry heavier loads than passenger aircraft cargo compartments. Moreover, the strength and rigidity of these floor panels is of utmost importance. The increasing demand for stronger floor panels, coupled with the rise in freighter aircraft production volumes, the SAM aircraft floor panel market players offering their products to freighter aircraft manufacturers are experiencing healthy demand, which is driving their business. Several cargo carriers are procuring narrow body freighters and are also converting the existing narrow body passenger aircraft to freighter aircraft. The Boeing B737 series aircraft fleet is also anticipated to experience strong demand for passenger-to-freighter conversion, which would allow several SAM aircraft floor panel market players and aftermarket players to witness higher demand for their products and services. These developments would propel the SAM aircraft floor panel market in the coming years. The mounting demand for freighter aircraft, also leading to the surge in passenger-to-freighter conversion, would escalate the need for suitable floor panels in the coming years, which will drive the SAM aircraft floor panel market

Further, in case of COVID-19, Brazil has the highest number of cases, followed by Peru, Chile, Colombia, and Ecuador, among others. SAM's government has taken an array of actions to protect their citizens and contain COVID-19's spread. Brazil is the largest spender in the aerospace industry and is the only modern aircraft manufacturing country in the region. Owing to this, the demand for components and parts is at an all-time high in the country. In addition, the majority of the components are imported from the US, China, and European countries. The slowdown in commercial and military aircraft production in the country has impaired the supply chain in Brazil. This has weakened the demand for several components, including aircraft floor panels. Thus, the outbreak of COVID-19 has had a harsh impact on the SAM aircraft floor panels market, especially in Brazil.

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

SAM Aircraft Floor Panel Market Segmentation

SAM Aircraft Floor Panel Market – By Aircraft Type

Wide Body Aircrafts
Narrow Body Aircrafts
General Aviation

SAM Aircraft Floor Panel Market – By Material Type

Aluminum Honeycomb
Nomex Honeycomb

SAM Aircraft Floor Panel Market – By Sales Channel

OEM
Aftermarket

SAM Aircraft Floor Panel Market – By End User

Commercial
Military

SAM Aircraft Floor Panel Market, by Country

Brazil
Rest of SAM

SAM 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

South America Aircraft Floor Panel Report Scope

Report Attribute	Details
Market size in 2019	US$ 78.63 Million
Market Size by 2027	US$ 120.69 Million
Global CAGR (2020 - 2027)	7.1 %
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	South and Central America Brazil Argentina Rest of South and Central America
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 South America 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 - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

South America Aircraft Floor Panel Market Report Snapshots

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