DETROIT, July 10, 2018
DETROIT, July 10, 2018 /PRNewswire/ --
Stratview Research announces the launch of a new research report on Aircraft Interior Sandwich Panel Market by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, and General Aviation), by Application Type (Floor Panel, Sidewall Panel, Ceiling Panel, Stowage Bin, Galley, Lavatory, and Others), by Core Material Type (Nomex Honeycomb, Aluminum Honeycomb, and Others), by End-User Type (OE and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
This strategic report, from Stratview Research, studies the interior sandwich panel market in the global aircraft industry over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Interior Sandwich Panel Market in the Global Aircraft Industry: Highlights
As per Stratview Research, the global aircraft interior sandwich panel market is forecasted to reach US$ 1,618.6 million in 2023. Increasing production rates of 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 reduction in fuel consumption and mitigate emissions; advancement in technology; increasing global aircraft fleet size; and growing awareness to improve passengers' experience are the major growth drivers of the market.
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. Whereas, 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.
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.
In terms of core material type, Nomex honeycomb is projected to remain the largest and fastest-growing core material type in the market during the forecast period, driven by its superior FST performance, higher corrosion resistance, and higher strength-to-weight ratio at relatively low weight in comparison with aluminum honeycomb.
As per the study, 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. Infact, major sandwich panel manufacturers are in the region to support OEMs for the development of advanced products meeting emerging requirements of airlines. However, Asia-Pacific is expected to witness the highest growth during the same period. Largest commercial aircraft fleet size; 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.
The global market for aircraft interior sandwich panel market is moderately consolidated. Zodiac Aerospace, The Gill Corporation, B/E Aerospace (now Rockwell Collins), Euro-Composites Corp., FACC AG, Jamco Corporation, and Triumph Composite Systems are some of the major players in the aircraft interior sandwich panel market. New product development, adoption of advanced lightweight materials, and collaboration with OEMs are some of the key strategies adopted by the major companies to gain a competitive edge over others.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the interior sandwich panel market in the global aircraft industry and has segmented the market in five ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the five ways in which the market is segmented:
Global Aircraft Interior Sandwich Panel Market by Aircraft Type
Global Aircraft Interior Sandwich Panel Market by Application Type:
Global Aircraft Interior Sandwich Panel Market by Core Material Type:
Global Aircraft Interior Sandwich Panel Market by End-User Type:
Global Aircraft Interior Sandwich Panel Market by Region:
Stratview Research has number of high value market reports in the global aerospace & defense industry. Please refer to the following link to browse through our reports:
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