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Aircraft Interior Sandwich Panel Market to reach US$ 1,618.6 million in 2023

 


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The Aircraft Interior Sandwich Panel Market: Highlights

The Aircraft Interior Sandwich Panel Market is forecasted to reach US$ 1,618.6 million in 2023. 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 aircraft fleet size; and growing awareness to improve passengers experience are the major growth drivers of the market.

Aircraft Interior Sandwich Panel Market - Insights by Aircraft Type:

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 2018 to 2023. 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.

Aircraft Interior Sandwich Panel Market - Insights by Core Material Type:

Nomex Honeycomb, Aluminum Honeycomb, and Others. Nomex honeycomb has been the perennial choice for a wide array of interior applications in the aircraft 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.

Aircraft Interior Sandwich Panel Market - Insights by End-User Type:

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.

Aircraft Interior Sandwich Panel Market - Insights by Region:

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. 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.

Some of the major players in the Aircraft Interior Sandwich Panel Market are Zodiac Aerospace, The Gill Corporation, B/E Aerospace (now Rockwell Collins), Euro-Composites Corp. , FACC AG, Jamco Corporation, and Triumph Composite Systems. New product development, adoption of advanced lightweight materials, and collaboration with OEMs are some of the key strategies adopted by companies to gain a competitive edge over other competitors.

Source : https://www.stratviewresearch.com/274/aerospace-interior-sandwich-panel-market.html

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