South America Aircraft Floor Panel Market to Grow at a CAGR of 5.4% to reach US$ 47.63 Million from 2020 to 2027
The SAM aircraft floor panel market is expected to grow from US$ 78.63 million in 2019 to US$ 120.69 million by 2027; it is estimated to grow at a CAGR of 7.1 % from 2020 to 2027.
The Brazil is the major economy in SAM. Mounting demand for air freighter fleet is expected to upswing the SAM aircraft floor panel market. The SAM air freight business is surging at an exponential rate, thereby driving the orders and shipment of freighter aircraft models across SAM region. The wide body freighters dominated the air freight industry over the years, thus boosting the procurement volumes of aircraft floor panels for SAM region. The flooring of any freighter aircraft is manufactured with ultimate precaution and accuracy, as the floor panels need to carry heavier loads than passenger aircraft cargo compartments. Moreover, the strength and rigidity of these floor panels is of utmost importance. The increasing demand for stronger floor panels, coupled with the rise in freighter aircraft production volumes, the SAM aircraft floor panel market players offering their products to freighter aircraft manufacturers are experiencing healthy demand, which is driving their business. Several cargo carriers are procuring narrow body freighters and are also converting the existing narrow body passenger aircraft to freighter aircraft. The Boeing B737 series aircraft fleet is also anticipated to experience strong demand for passenger-to-freighter conversion, which would allow several SAM aircraft floor panel market players and aftermarket players to witness higher demand for their products and services. These developments would propel the SAM aircraft floor panel market in the coming years. The mounting demand for freighter aircraft, also leading to the surge in passenger-to-freighter conversion, would escalate the need for suitable floor panels in the coming years, which will drive the SAM aircraft floor panel marketFurther, in case of COVID-19, Brazil has the highest number of cases, followed by Peru, Chile, Colombia, and Ecuador, among others. SAM's government has taken an array of actions to protect their citizens and contain COVID-19's spread. Brazil is the largest spender in the aerospace industry and is the only modern aircraft manufacturing country in the region. Owing to this, the demand for components and parts is at an all-time high in the country. In addition, the majority of the components are imported from the US, China, and European countries. The slowdown in commercial and military aircraft production in the country has impaired the supply chain in Brazil. This has weakened the demand for several components, including aircraft floor panels. Thus, the outbreak of COVID-19 has had a harsh impact on the SAM aircraft floor panels market, especially in Brazil.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SAM aircraft floor panel market. The SAM aircraft floor panel market is expected to grow at a good CAGR during the forecast period.
SAM Aircraft Floor Panel Market Segmentation
SAM Aircraft Floor Panel Market – By Aircraft Type
- Wide Body Aircrafts
- Narrow Body Aircrafts
- General Aviation
SAM Aircraft Floor Panel Market – By Material Type
- Aluminum Honeycomb
- Nomex Honeycomb
SAM Aircraft Floor Panel Market – By Sales Channel
- OEM
- Aftermarket
SAM Aircraft Floor Panel Market – By End User
- Commercial
- Military
SAM Aircraft Floor Panel Market, by Country
- Brazil
- Rest of SAM
SAM Aircraft Floor Panel Market - Companies Mentioned
- Aim Altitude UK Ltd.
- Collins Aerospace, a Raytheon Technologies Corporation company
- Euro Composite S.A.
- Safran S.A
- Singapore Technologies Engineering Ltd
- The Gill Corporation
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Aircraft Type, Material Type, Sales Channel, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Brazil, Argentina
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SAM Aircraft Floor Panel Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.3 Ecosystem Analysis
5. SAM Aircraft Floor Panel Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Aircraft Orders and Delivery Volumes
5.1.2 Surging Focus on the Use of Lightweight Materials
5.2 Market Restraint
5.2.1 Halt of A380 Program and Boeing’s Complications from B737 Max
5.3 Market Opportunities
5.3.1 Escalation in the Adoption of Wide-Body Jets and Business Jets
5.4 Trend
5.4.1 Mounting Demand for Air Freighter Fleet
5.5 Impact Analysis of Drivers and Restraints
6. Aircraft Floor Panel Market – SAM Analysis
6.1 Overview
6.2 SAM Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ million)
6.3 Market Positioning – Market Players Ranking
7. SAM Aircraft Floor Panel Market Analysis – By Aircraft Type
7.1 Overview
7.1.1 SAM Aircraft Floor Panel Market Breakdown, by Aircraft Type, 2019 & 2027
7.2 Wide body Aircraft
7.2.1 Overview
7.2.2 Wide body Aircraft Market Revenue and Forecast to 2027 (US$ Million)
7.3 Narrow body Aircraft
7.3.1 Overview
7.3.2 Narrow body Aircrafts Market Revenue and Forecast to 2027 (US$ Million)
7.4 General Aviation
7.4.1 Overview
7.4.2 General Aviation Market Revenue and Forecast to 2027 (US$ Million)
8. SAM Aircraft Floor Panel Market Analysis – By Material Type
8.1 Overview
8.2 SAM Aircraft Floor Panel Market Breakdown, by Material Type, 2019 & 2027
8.3 Aluminum Honeycomb
8.3.1 Overview
8.3.2 Aluminum Honeycomb Market Revenue and Forecast to 2027 (US$ Million)
8.4 Nomex Honeycomb
8.4.1 Overview
8.4.2 Nomex Honeycomb Market Revenue and Forecast to 2027 (US$ Million)
9. SAM Aircraft Floor Panel Market Analysis – By Sales Channel
9.1 Overview
9.2 SAM Aircraft floor panel Market Breakdown, by Sales Channel, 2019 & 2027
9.3 OEM
9.3.1 Overview
9.3.2 OEM Market Revenue and Forecast to 2027 (US$ Million)
9.4 Aftermarket
9.4.1 Overview
9.4.2 Aftermarket Market Revenue and Forecast to 2027 (US$ Million)
10. SAM Aircraft Floor Panel Market Analysis – By End User
10.1 Overview
10.2 SAM Aircraft floor panel Market Breakdown, by End User, 2019 & 2027
10.3 Commercial
10.3.1 Overview
10.3.2 Commercial Market Revenue and Forecast to 2027 (US$ Million)
10.4 Military
10.4.1 Overview
10.4.2 Military Market Revenue and Forecast to 2027 (US$ Million)
11. SAM Aircraft Floor Panel Market – Country Analysis
11.1 Overview
11.1.1 SAM: Aircraft Floor Panel Market, by Key Country
11.1.1.1 Brazil: Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ Million)
11.1.1.1.1 Brazil: Aircraft Floor Panel Market, by Aircraft Type
11.1.1.1.2 Brazil: Aircraft Floor Panel Market, by Material Type
11.1.1.1.3 Brazil: Aircraft Floor Panel Market, by Sales Channel
11.1.1.1.4 Brazil: Aircraft Floor Panel Market, by End User
11.1.1.2 Rest of SAM: Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ Million)
11.1.1.2.1 Rest of SAM: Aircraft Floor Panel Market, by Aircraft Type
11.1.1.2.2 Rest of SAM: Aircraft Floor Panel Market, by Material Type
11.1.1.2.3 Rest of SAM: Aircraft Floor Panel Market, by Sales Channel
11.1.1.2.4 Rest of SAM: Aircraft Floor Panel Market, by End User
12. Impact of COVID-19 Outbreak
12.1 SAM: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
14. Company Profiles
14.1 Collins Aerospace, a Raytheon Technologies Corporation company
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Aim Altitude UK Ltd.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Euro Composite S.A.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Safran S.A
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 The Gill Corporation
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Singapore Technologies Engineering Ltd
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. SAM Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ million)
Table 2. Brazil: Aircraft Floor Panel Market, by Aircraft Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. Brazil: Aircraft Floor Panel Market, by Material Type – Revenue and Forecast to 2027 (US$ Million)
Table 4. Brazil: Aircraft Floor Panel Market, by Sales Channel – Revenue and Forecast to 2027 (US$ Million)
Table 5. Brazil: Aircraft Floor Panel Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 6. Rest of SAM: Aircraft Floor Panel Market, by Aircraft Type – Revenue and Forecast to 2027 (US$ Million)
Table 7. Rest of SAM: Aircraft Floor Panel Market, by Material Type – Revenue and Forecast to 2027 (US$ Million)
Table 8. Rest of SAM: Aircraft Floor Panel Market, by Sales Channel – Revenue and Forecast to 2027 (US$ Million)
Table 9. Rest of SAM: Aircraft Floor Panel Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 10. List of Abbreviation
LIST OF FIGURES
Figure 1. SAM Aircraft Floor Panel Market Segmentation
Figure 2. SAM Aircraft Floor Panel Market Segmentation – By Country
Figure 3. SAM Aircraft Floor Panel Market Overview
Figure 4. SAM Aircraft Floor Panel Market, by Country
Figure 5. SAM Aircraft Floor Panel Market, By Aircraft Type
Figure 6. SAM Aircraft Floor Panel Market, By Material Type
Figure 7. SAM Aircraft Floor Panel Market, By Sales Channel
Figure 8. SAM Aircraft Floor Panel Market, By End User
Figure 9. Porter’s Five Forces Analysis
Figure 10. Ecosystem Analysis
Figure 11. SAM Aircraft Floor Panel Market: Impact Analysis of Drivers and Restraints
Figure 12. SAM Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ million)
Figure 13. SAM Aircraft Floor Panel Market Breakdown, by Aircraft Type (2019 and 2027)
Figure 14. SAM Wide body Aircraft Market Revenue and Forecast to 2027(US$ Million)
Figure 15. SAM Narrow body Aircrafts Market Revenue and Forecast to 2027(US$ Million)
Figure 16. SAM General Aviation Market Revenue and Forecast to 2027(US$ Million)
Figure 17. SAM Aircraft Floor Panel Market Breakdown, by Material Type (2019 and 2027)
Figure 18. SAM Aluminum Honeycomb Market Revenue and Forecast to 2027(US$ Million)
Figure 19. SAM Nomex Honeycomb Market Revenue and Forecast to 2027(US$ Million)
Figure 20. SAM Aircraft Floor Panel Market Breakdown, by Sales Channel (2019 and 2027)
Figure 21. SAM OEM Market Revenue and Forecast to 2027(US$ Million)
Figure 22. SAM Aftermarket Market Revenue and Forecast to 2027(US$ Million)
Figure 23. SAM Aircraft Floor Panel Market Breakdown, by End User (2019 and 2027)
Figure 24. SAM Commercial Market Revenue and Forecast to 2027(US$ Million)
Figure 25. SAM Military Market Revenue and Forecast to 2027(US$ Million)
Figure 26. SAM: Aircraft Floor Panel Market Revenue Share, by Key Country (2019 and 2027)
Figure 27. Brazil: Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. Rest of SAM: Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic in SAM Country Markets
Some of the leading companies are:
- Aim Altitude UK Ltd.
- Collins Aerospace, a Raytheon Technologies Corporation company
- Euro Composite S.A.
- Safran S.A
- Singapore Technologies Engineering Ltd
- The Gill Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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