Based on application, the aircraft interior sandwich panel market is categorized into sidewalls, ceilings, stowage bins, and floors. The increasing preference of airliners to offer a premium experience to its passengers within the flight is supporting the industry growth over the projected timeframe. The growing preference of passengers to opt for business and executive class tickets for long duration flights is further supporting the market share till 2024. The requirement for durable stowage bins to support heavier loads and luggage during a flight journey is positively influencing the aircraft interior sandwich panel market growth till 2024.
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Based on aircraft, the industry is classified into business aviation, commercial aviation, military aircraft, and regional jets. The requirement for lightweight and durable interior sandwich panels in aircraft for offering air passengers with premium travel experience is playing a major role in the aircraft interior sandwich panel market growth till 2024. Increasing requirement for materials with superior design flexibility and durability along with improved reliability for military aircraft is providing a positive outlook for the market proliferation.
The advancements in production technologies including additive manufacturing for designing complex parts and components with unique geometries are supporting the development of highly durable and low-cost aircraft interior sandwich panels, positively influencing the market growth till 2024. Further, the emergence of advanced printing technologies including power-bed laser printing in creating a single part for replacing multiple parts along with innovative 3D printing technologies plays a significant role in reducing the possibility of failures and lowering the overall component costs, providing a positive outlook for the industry expansion.
Based on materials, the aircraft interior sandwich panel market is segmented into aluminum honeycomb, nomex honeycomb, and thermoplastic. Aluminum honeycomb will account for a major share in the aircraft interior sandwich panels marketplace owing to its lightweight, higher strength to weight ratio, and improved compressive strength. Further, enhanced resistance from corrosion along with the superior durability of the material will play a major role in expanding the aircraft interior sandwich panel market share over the study timeframe.
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Asia Pacific will contribute significantly toward the aircraft interior sandwich panels marketplace. This growth is attributed to the increasing air passenger traffic along with improving disposable income across the region. Proliferating tourism sector coupled with a higher adoption of low-cost carrier services with expanded airline networks is further strengthening the industry expansion till 2024.
Based on the distribution channel, the aircraft interior sandwich panel marketplace is divided into OEM and MRO. Increasing production of aircraft across the globe owing to improving tourism supported by lower cost ticket fares is supporting the industry proliferation over the study timeframe. The requirement for periodic maintenance of these flights owing to continuous travel and occurrence of wear & tear is supporting the MRO growth till 2024.
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A few players in the aircraft interior sandwich panel market include Jamco Corporation, Zodiac Aerospace, Rockwell Collins, Euro-Composites Corp., Collins Aerospace, The Gill Corporation, DuPont, CoreLite, Inc, Triumph Composite Systems, and FACC AG. Mergers and acquisitions are among the major strategies adopted by industry participants for introducing innovative components and expanding their market share.