Report cover image

Asia Pacific Aircraft Floor Panel Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis

Published Sep 01, 2025
Length 175 Pages
SKU # TIP20577448

Description

The Asia Pacific aircraft floor panel market is projected to grow significantly, reaching approximately US$ 265.69 million by 2031, up from US$ 166.72 million in 2024, with an estimated compound annual growth rate (CAGR) of 6.9% during the period from 2024 to 2031.

Executive Summary and Market Analysis

The Asia Pacific region is experiencing rapid growth in the aircraft floor panel market, driven by the increasing demand for air travel and new aircraft. The aviation sector in this area plays a crucial role in social and economic development, largely due to a diverse range of income levels and a burgeoning middle class. Countries like India, Japan, and China are witnessing robust aircraft sales, which is expected to create substantial opportunities for aircraft manufacturers and maintenance, repair, and overhaul (MRO) service providers.

Government investments in procuring new military and commercial aircraft are on the rise, with a notable demand for medium and large long-range aircraft, such as the A330 neo and A350. As of November 2024, the demand for these aircraft in the Asia Pacific region was estimated at around 3,500 units. Furthermore, the Airbus Asia Pacific regional president has indicated that over 19,500 aircraft will be needed by 2043, highlighting the growing opportunities for the aircraft floor panel market.

The demand for aircraft floor panels is closely linked to the expansion of MRO services in the region. Major global players are enhancing their MRO capabilities in Asia Pacific. For example, in July 2022, Safran AB announced a US$ 305 million investment in India to expand its MRO operations, including a significant facility in Hyderabad. Similarly, in February 2023, Collins Aerospace invested over US$ 27 million to expand its MRO operations in Xiamen, China, and Selangor, Malaysia, further increasing the demand for aircraft components, including floor panels.

The Asia Pacific region has seen a surge in the import of advanced commercial aircraft, driven by a rise in international travel in countries like India, China, Japan, and Taiwan. The increasing number of aircraft and airports is expected to boost the demand for aircraft floor panel products during the forecast period, with the region anticipated to account for approximately 40% of future airline production.

Market Segmentation

The Asia Pacific aircraft floor panel market can be segmented by aircraft type, material type, application, and end use:


By Aircraft Type: The market is divided into narrow body aircraft, wide body aircraft, general aviation, and others, with narrow body aircraft holding the largest market share in 2024.
By Material Type: The market is categorized into aluminum honeycomb and Nomex honeycomb, with Nomex honeycomb leading in market share in 2024.
By Application: The market is split into commercial aviation and military aviation, with commercial aviation dominating in 2024.
By End Use: The market is divided into OEMs and aftermarket, with the aftermarket holding a larger share in 2024.

Market Outlook

According to industry analysis, the global commercial aircraft fleet was over 28,395 in 2024, with projections indicating it will exceed 36,400 by 2034. The Asia Pacific region is expected to see significant growth, with the commercial aircraft fleet size anticipated to grow from 8,653 in 2024 to approximately 11,582 by 2034. The increasing fleet size will create new opportunities for aircraft component suppliers, including manufacturers of aircraft floor panels.

Country Insights

The Asia Pacific aircraft floor panel market includes key countries such as China, Japan, India, Australia, and South Korea, with China holding the largest market share in 2024. The commercial aviation sector in China is expanding rapidly, leading to increased orders for modern aircraft. MRO activities are also shifting towards Asia Pacific, with India and China emerging as significant MRO centers. For instance, MTU Maintenance Zhuhai has expanded its facilities to accommodate the growing demand for narrow body engines.

Company Profiles

Key players in the aircraft floor panel market include Singapore Technologies Engineering Ltd, Collins Aerospace, Safran SA, Triumph Group Inc, and The Boeing Co, among others. These companies are focusing on strategies such as expansion, product innovation, and mergers and acquisitions to enhance their market presence and offer innovative products to consumers.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific Aircraft Floor Panel Market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific Aircraft Floor Panel Market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific Aircraft Floor Panel Market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

Table of Contents

175 Pages
1. Introduction
1.1 Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macroeconomic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country-level data:
4. Asia Pacific Aircraft Floor Panel Market Landscape
4.1 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
4.3.1 Raw Material Suppliers
4.3.2 Aircraft Floor Panel Suppliers
4.3.3 End Users
4.3.4 List of Vendors in the Value Chain
5. Asia Pacific Aircraft Floor Panel Market – Key Market Dynamics
5.1 Drivers:
5.1.1 Growing Number of General Aviation Aircraft and Helicopter Deliveries
5.1.2 Rising Number of Orders and Production of Narrow Body Aircraft
5.2 Restraints:
5.2.1 Increase in Geopolitical Events to Hinder Supply Chain of Aircraft Components
5.3 Opportunities
5.3.1 Surge in Global Aircraft Fleet Size
5.3.2 Upcoming Aircraft Deliveries
5.4 Future Trends:
5.4.1 Usage of Lightweight Materials
5.4.2 Retrofitting of Older Aircraft Fleet
5.5 Impact of Drivers and Restraints:
6. Aircraft Floor Panel Market – Asia Pacific Market Analysis
6.1 Asia Pacific Aircraft Floor Panel Market Revenue (US$ Million), 2021–2031
6.2 Asia Pacific Aircraft Floor Panel Market Forecast Analysis
7. Asia Pacific Aircraft Floor Panel Market Analysis – by Aircraft Type
7.1 Narrow Body Aircraft
7.1.1 Overview
7.1.2 Narrow Body Aircraft: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million)
7.2 Wide Body Aircraft
7.2.1 Overview
7.2.2 Wide Body Aircraft: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million)
7.3 General Aviation
7.3.1 Overview
7.3.2 General Aviation: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million)
7.4 Others
7.4.1 Overview
7.4.2 Others: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million)
8. Asia Pacific Aircraft Floor Panel Market Analysis – by Material Type
8.1 Aluminum Honeycomb
8.1.1 Overview
8.1.2 Aluminum Honeycomb: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million)
8.2 Nomex Honeycomb
8.2.1 Overview
8.2.2 Nomex Honeycomb: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million)
9. Asia Pacific Aircraft Floor Panel Market Analysis – by Application
9.1 Commercial Aviation
9.1.1 Overview
9.1.2 Commercial Aviation: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million)
9.2 Military Aviation
9.2.1 Overview
9.2.2 Military Aviation: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million)
10. Asia Pacific Aircraft Floor Panel Market Analysis – by End Use
10.1 OEMs
10.1.1 Overview
10.1.2 OEMs: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million)
10.2 Aftermarket
10.2.1 Overview
10.2.2 Aftermarket: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million)
11. Asia Pacific Aircraft Floor Panel Market – Country Analysis
11.1 Asia Pacific
11.1.1 Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast Analysis – by Country
11.1.1.1 Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast Analysis – by Country
11.1.1.2 Australia: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.1.1.2.1 Australia: Asia Pacific Aircraft Floor Panel Market Share – by Aircraft Type
11.1.1.2.2 Australia: Asia Pacific Aircraft Floor Panel Market Share – by Material Type
11.1.1.2.3 Australia: Asia Pacific Aircraft Floor Panel Market Share – by Application
11.1.1.2.4 Australia: Asia Pacific Aircraft Floor Panel Market Share – by End Use
11.1.1.3 China: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.1.1.3.1 China: Asia Pacific Aircraft Floor Panel Market Share – by Aircraft Type
11.1.1.3.2 China: Asia Pacific Aircraft Floor Panel Market Share – by Material Type
11.1.1.3.3 China: Asia Pacific Aircraft Floor Panel Market Share – by Application
11.1.1.3.4 China: Asia Pacific Aircraft Floor Panel Market Share – by End Use
11.1.1.4 India: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.1.1.4.1 India: Asia Pacific Aircraft Floor Panel Market Share – by Aircraft Type
11.1.1.4.2 India: Asia Pacific Aircraft Floor Panel Market Share – by Material Type
11.1.1.4.3 India: Asia Pacific Aircraft Floor Panel Market Share – by Application
11.1.1.4.4 India: Asia Pacific Aircraft Floor Panel Market Share – by End Use
11.1.1.5 Japan: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.1.1.5.1 Japan: Asia Pacific Aircraft Floor Panel Market Share – by Aircraft Type
11.1.1.5.2 Japan: Asia Pacific Aircraft Floor Panel Market Share – by Material Type
11.1.1.5.3 Japan: Asia Pacific Aircraft Floor Panel Market Share – by Application
11.1.1.5.4 Japan: Asia Pacific Aircraft Floor Panel Market Share – by End Use
11.1.1.6 South Korea: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.1.1.6.1 South Korea: Asia Pacific Aircraft Floor Panel Market Share – by Aircraft Type
11.1.1.6.2 South Korea: Asia Pacific Aircraft Floor Panel Market Share – by Material Type
11.1.1.6.3 South Korea: Asia Pacific Aircraft Floor Panel Market Share – by Application
11.1.1.6.4 South Korea: Asia Pacific Aircraft Floor Panel Market Share – by End Use
11.1.1.7 Rest of APAC: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.1.1.7.1 Rest of APAC: Asia Pacific Aircraft Floor Panel Market Share – by Aircraft Type
11.1.1.7.2 Rest of APAC: Asia Pacific Aircraft Floor Panel Market Share – by Material Type
11.1.1.7.3 Rest of APAC: Asia Pacific Aircraft Floor Panel Market Share – by Application
11.1.1.7.4 Rest of APAC: Asia Pacific Aircraft Floor Panel Market Share – by End Use
12. Competitive Landscape
12.1 Heat Map Analysis
12.2 Company Positioning & Concentration
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Product Development
14. Company Profiles
14.1 Singapore Technologies Engineering Ltd
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 Collins Aerospace
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 Safran SA
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 Triumph Group Inc
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 Latecoere SA
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 The Gill Corporation
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
14.7 The Nordam Group LLC
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Aeropair Ltd
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 The Boeing Co
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 VINCORION Advanced Systems GmbH
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
14.11 JCB Aero
14.11.1 Key Facts
14.11.2 Business Description
14.11.3 Products and Services
14.11.4 Financial Overview
14.11.5 SWOT Analysis
14.11.6 Key Developments
14.12 Jones Metal Products
14.12.1 Key Facts
14.12.2 Business Description
14.12.3 Products and Services
14.12.4 Financial Overview
14.12.5 SWOT Analysis
14.12.6 Key Developments
14.13 Geven spa
14.13.1 Key Facts
14.13.2 Business Description
14.13.3 Products and Services
14.13.4 Financial Overview
14.13.5 SWOT Analysis
14.13.6 Key Developments
14.14 LMI Aerospace
14.14.1 Key Facts
14.14.2 Business Description
14.14.3 Products and Services
14.14.4 Financial Overview
14.14.5 SWOT Analysis
14.14.6 Key Developments
14.15 Eco Earth solutions
14.15.1 Key Facts
14.15.2 Business Description
14.15.3 Products and Services
14.15.4 Financial Overview
14.15.5 SWOT Analysis
14.15.6 Key Developments
14.16 Euro Composite S.A.
14.16.1 Key Facts
14.16.2 Business Description
14.16.3 Products and Services
14.16.4 Financial Overview
14.16.5 SWOT Analysis
14.16.6 Key Developments
15. Appendix
15.1 About The Insight Partners
List of Tables
Table 1. Asia Pacific Aircraft Floor Panel Market Segmentation
Table 2. List of Vendors
Table 3. Aircraft Orders and Deliveries, by Boeing and Airbus, 2020 and 2023
Table 4. Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million)
Table 5. Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Aircraft Type
Table 6. Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Material Type
Table 7. Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Application
Table 8. Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million) – by End Use
Table 9. Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Country
Table 10. Australia: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Aircraft Type
Table 11. Australia: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Material Type
Table 12. Australia: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Application
Table 13. Australia: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by End Use
Table 14. China: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Aircraft Type
Table 15. China: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Material Type
Table 16. China: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Application
Table 17. China: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by End Use
Table 18. India: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Aircraft Type
Table 19. India: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Material Type
Table 20. India: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Application
Table 21. India: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by End Use
Table 22. Japan: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Aircraft Type
Table 23. Japan: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Material Type
Table 24. Japan: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Application
Table 25. Japan: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by End Use
Table 26. South Korea: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Aircraft Type
Table 27. South Korea: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Material Type
Table 28. South Korea: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Application
Table 29. South Korea: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by End Use
Table 30. Rest of APAC: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Aircraft Type
Table 31. Rest of APAC: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Material Type
Table 32. Rest of APAC: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Application
Table 33. Rest of APAC: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by End Use
Table 34. Heat Map Analysis
List of Figures
Figure 1. Asia Pacific Aircraft Floor Panel Market Segmentation – Country
Figure 2. Porter’s Five Forces Analysis
Figure 3. Aircraft Floor Panel Market – Key Market Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Asia Pacific Aircraft Floor Panel Market Revenue (US$ Million), 2021–2031
Figure 6. Asia Pacific Aircraft Floor Panel Market Share (%) – by Aircraft Type (2024 and 2031)
Figure 7. Narrow Body Aircraft: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 8. Wide Body Aircraft: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 9. General Aviation: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 10. Others: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 11. Asia Pacific Aircraft Floor Panel Market Share (%) – by Material Type (2024 and 2031)
Figure 12. Aluminum Honeycomb: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 13. Nomex Honeycomb: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 14. Asia Pacific Aircraft Floor Panel Market Share (%) – by Application (2024 and 2031)
Figure 15. Commercial Aviation: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 16. Military Aviation: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 17. Asia Pacific Aircraft Floor Panel Market Share (%) – by End Use (2024 and 2031)
Figure 18. OEMs: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 19. Aftermarket: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 20. Asia Pacific Aircraft Floor Panel Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 21. Australia: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021– 2031 (US$ Million)
Figure 22. China: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021– 2031 (US$ Million)
Figure 23. India: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021– 2031 (US$ Million)
Figure 24. Japan: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021– 2031 (US$ Million)
Figure 25. South Korea: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021– 2031 (US$ Million)
Figure 26. Rest of APAC: Asia Pacific Aircraft Floor Panel Market – Revenue and Forecast, 2021– 2031 (US$ Million)
Figure 27. Company Positioning & Concentration
How Do Licenses Work?
Request A Sample
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.