The Market of Aircraft Interior Sandwich Panel to grow beyond US$ 1,730.8 million by 2024
February 18, 2020
Aircraft Interior Sandwich Panel Market Overview:
The aircraft interior sandwich panel market is forecasted to reach US$ 1,730.8 million in 2024. Healthy expected future growth rate offers a plethora of opportunities to the entire ecosystem of the market. Increasing production rates of the key commercial and regional aircraft, such as B737, B787, A320, A350XWB, and C Series; upcoming commercial and regional aircraft, such as COMAC C919 and Mitsubishi MRJ; rising requirement of lightweight and durable products in interior applications fueled by the introduction of stringent government regulations related to reduce fuel consumption and mitigate emissions; an advancement in the technology; increasing global aircraft fleet size; and growing awareness to improve passengers experience are the major growth drivers of the market.
Report Overview:
This new report from Stratview Research analyses the Aircraft Interior Sandwich Panel Market over the trend period from 2013 to 2018 and forecast period from 2019 to 2024. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
Get a free sample of the report here:
https://www.stratviewresearch.com/Request-Sample/274/aerospace-interior-sandwich-panel-market.html
Aircraft Interior Sandwich Panel Market Segment Insights:
Narrow-body aircraft: The growth engine
The global aircraft interior sandwich panel market is segmented based on the aircraft type as Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, and General Aviation. Narrow-body aircraft is expected to remain the largest segment of sandwich panel market in the aircraft interior applications during the forecast period of 2019 to 2024. Wide-body aircraft is likely to witness the highest growth during the same period, driven by an increasing demand for wide-body aircraft, such as B787 and A350XWB in the developing economies, such as China and India. There is also a healthy demand for wide-body aircraft in the Middle-East region.
Click below to run through the detailed ToC of the report:
https://www.stratviewresearch.com/toc/274/aerospace-interior-sandwich-panel-market.html
Dominance of: Nomex honeycomb and OE
The global aircraft interior sandwich panel market is segmented based on the core material type as Nomex Honeycomb, Aluminum Honeycomb, and Others. Nomex honeycomb has been the perennial choice for a wide array of interior applications in the aerospace industry. All the major aircraft types including narrow-body and wide-body aircraft are heavily relying on this unique material. Nomex honeycomb offers enormous advantages over competing materials, such as lightweight, exceptional stiffness and strength, good corrosion resistance, good fire resistance, good thermal stability, and excellent dielectric properties.
The global aircraft interior sandwich panel market is segmented based on the end-user type as OE Sales and Aftermarket Sales. The OE is likely to remain the largest end-user type during the forecast period, driven by an increasing demand for commercial and regional aircraft across regions. Both the OE and aftermarket segments are likely to witness healthy growth rates over the next five years.
A highly/moderately/fragment consolidated Market
The top 5 players, Honeywell International Inc. (the leader), Parker Hannifin Corporation, Eaton Corporation Plc, Woodward, Inc., Zodiac Aerospace, together account for two-thirds of the market.
Other important firms are United Technologies Corporation, Meggitt PLC, Circor International, Inc., and Crane Aerospace & Electronics. Execution of M&A activities,
Regional Hegemony of North America
Based on the regions, North America is projected to remain the largest aircraft interior sandwich panel market during the forecast period. This region has been the pioneer in the aerospace industry with the presence of several small- to large-sized OEMs. Most of the aircraft manufacturers have manufacturing and assembly plants located in North America. Additionally, all the major sandwich panel manufacturers for the aerospace industry are in the region to support OEMs for the development of advanced products meeting emerging requirements of airlines.
Asia-Pacific is expected to witness the highest growth during the same period. Largest commercial aircraft fleet size; the gradual shift of manufacturing/assembly plants of OEMs; and upcoming indigenous commercial and regional aircraft, such as COMAC C919, ARJ21, and MRJ, fueled by increasing passenger traffic will continue to drive the Asia-Pacific’s market in the coming years.
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