Aerospace Floor Panels Market To Reach $596.3 Million By 2030

Aerospace Floor Panels Market Growth & Trends

The global aerospace floor panels market size is expected to reach USD 596.3 million by 2030, according to a new report by Grand View Research, Inc., registering a CAGR of 5.2% from 2024 to 2030. The market is majorly driven by the growth of the aerospace industry, rising air passenger traffic, and increasing defense expenditure. 

Aerospace floor panels are crucial products used for flooring in aircraft. They are manufactured using a number of raw materials including Nomex honeycomb and aluminum honeycomb. These raw materials are used to manufacture aerospace floor panels to be used in military, commercial, and business aircraft.

In terms of revenue, commercial aviation was the largest end-use segment for aerospace floor panels, accounting for 63.8% of the global market in 2023. Air passenger traffic has been increasing consistently over the years and this trend is expected to continue over the forecast period. Rising passenger traffic is supported by increasing deliveries from manufacturers. Also, an increase in the number of routes that connect various cities has facilitated the growth of air passenger traffic.

A large number of research agencies have been carrying out R&D activities and are increasing investments in the aerospace floor panels field for several years now. Research has helped in discovering various benefits of using aluminum honeycomb for manufacturing these panels. Technological innovations involving honeycombs have led to the discovery of new methods of manufacturing high-strength and lightweight honeycomb cores.

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Aerospace Floor Panels Market Report Highlights

• The military aircraft end-use segment will exhibit the fastest CAGR of 5.3% in terms of revenue from 2024 to 2030, on account of growing defense spending across the globe

• Nomex honeycomb accounted for a leading market share of 69.6% in 2023 owing to its fire-resistant properties and safety essentials, the demand for these materials drives the segment growth

• North America aerospace floor panels dominated with a market share of 43.5% in 2023 and Asia Pacific aerospace floor panels market is anticipated to witness significant growth in the aerospace floor panels market

Aerospace Floor Panels Market

Grand View Research has segmented the global aerospace floor panels market on the basis of raw material, aircraft type, end use, and region:

Aerospace Floor Panels Raw Material Outlook (Revenue, USD Million, 2018 - 2030)

• Nomex Honeycomb

• Aluminum Honeycomb

• Others

Aerospace Floor Panels Application Outlook (Revenue, USD Million, 2018 - 2030)

• Commercial Aviation

• Military Aircrafts

• Business Jets

Aerospace Floor Panels Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

List of Key Players of Aerospace Floor Panels Market

• Collins Aerospace

• Hexcel Corporation

• HUTCHINSON

• Euro-Composites

• Singapore Technologies Engineering Ltd.

• AIM Altitude

• The Gill Corporation

• The NORDAM Group LLC

• Triumph Group

• Aeropair Ltd.