The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Aircraft Interior Sandwich Panel Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Aircraft Interior Sandwich Panel Market is no different. Derived from the previous market scenario, the Aircraft Interior Sandwich Panel Market is anticipated to rebound from 2021 onwards, ultimately driving the market to reach US$ 1,367.6 million in 2025 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
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
Market Share Analysis
Aircraft Interior Sandwich Panel Market, By Aircraft Type
Stratview Research has firstly segmented the aircraft interior sandwich panel market based on the aircraft type as narrow-body aircraft, wide-body aircraft, very large body aircraft, regional aircraft, and general aviation. Narrow-body aircraft is estimated to maintain its unassailable lead in the market in the foreseeable future. The aircraft body type is likely to make the fastest comeback with the resumption of domestic air travel in various parts of the world. The market entry of COMAC C919 and Irkut MC-21 is likely to further substantiate the demand in the years to come.
Aircraft Interior Sandwich Panel Market, By Application Type
Based on the application type, the aircraft interior sandwich panel market is segmented as floor panel, sidewall panel, ceiling panel, stowage bin panel, galley panel, lavatory panel, and others. Floor panel is estimated to maintain its lead in the market over the next five years, propelled by thicker panels used in the floor as it is more prone to load and impact, coupled with increasing demand for panels in the aftermarket.
Aircraft Interior Sandwich Panel Market, By Core Material Type
Based on the core material type, the market is segmented as nomex honeycomb, aluminum honeycomb, and others. Nomex honeycomb addresses most of the prerequisites of the aircraft interior applications, such as high mechanical property and high FST performance. Excellent strength-to-weight ratio; an excellent corrosion resistance against water, oil, and fuel; high-temperature capabilities; easy formability; and good dielectric properties are other advantages.
Aircraft Interior Sandwich Panel Market, By End-User Type
Based on the end-user type, the market is segmented as OE and aftermarket. The OE segment held a larger share of the market in 2019. Commercial aircraft (narrow-body, wide-body, and very large-body aircraft) account for most of the OE as well as aftermarket demand for sandwich panels. 800+ airlines are active worldwide, generating a strong replacement demand for sandwich panels. North America is the workhorse for the OE market, whereas Asia-Pacific is for the aftermarket.
Regional Analysis
In terms of regions, North America is expected to remain the largest market over the next five years. The region is holding the largest fleet of regional aircraft and general aviation, ensuring strong retrofit demand. Resumption of production of B737 Max at a low rate, with gradual plans to ramp-up production, further contributes to the demand for sandwich panels in the region. Asia-Pacific to be the fastest-growing market in the post-pandemic scenario, driven by China, Japan, and India.