South & Central America Aircraft Floor Panel Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis

The South & Central America aircraft floor panel market size is expected to reach US$ 31.02 million by 2031 from US$ 26.54 million in 2024. The market is estimated to record a CAGR of 2.3% from 2024-2031.

Executive Summary and South & Central America Aircraft Floor Panel Market Analysis:

The South America aircraft floor panel market is showing moderate growth owing to the lack of presence of key manufacturers and lower economic spending in the aviation sector. Despite the lower demand in the region, countries such as Brazil, Argentina, and Chile are witnessing significant demand in the coming years. The IATA has directed governments of South American countries to implement smart industry regulations to ensure the establishment of appropriate infrastructure for the growth of the aviation sector. According to The Insight Partners analysis, in 2023, South America had a fleet of more than 1,500 operational commercial aircraft, which is expected to surpass 2,100 by the end of 2033. In September 2024, Brazilian Total Linhas Aereas, a small cargo and charter airline, planned to buy planes from China's COMAC. The increase in aircraft fleets is anticipated to generate demand for aircraft floor panels in the region. The aviation sector in South America has a promising future, as indicated by the forecasts and analyses provided by major aircraft manufacturers such as Boeing, Airbus, and Embraer. These players are offering significant opportunities in the South America region to meet growing demand for newer aircrafts.

South & Central America Aircraft Floor Panel Market Strategic Insights

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South & Central America Aircraft Floor Panel Market Segmentation Analysis

Key segments that contributed to the derivation of the Aircraft Floor Panel Market analysis are aircraft type, material type, application, and end use.

• By aircraft type, the aircraft floor panel market is segmented into narrow body aircraft, wide body aircraft, general aviation, and others. The narrow body aircraft held the largest share of the market in 2024.
• By material type, the aircraft floor panel market is bifurcated into aluminum honeycomb, and nomex honeycomb. The nomex honeycomb held a larger share of the market in 2024.
• By application, the aircraft floor panel market is bifurcated into upto commercial aviation and military aviation. The commerical aviation held a larger share of the market in 2024.
• By end use, the aircraft floor panel market is bifurcated into OEMs and aftermarket. The OEMs held a larger share of the market in 2024.

South & Central America Aircraft Floor Panel Market Outlook

As per the Insight Partners analysis and various aerospace industry resources in 2024, the total number of existing commercial aircraft was more than 28,395 across the globe, including over 17,260 narrow body aircraft; approximately 5,755 widebody aircraft; ~3,040 regional jets; and ~2,334 Turboprop. By 2034, the total number of commercial aircraft is expected to exceed 36,400 worldwide, including over 22,974 narrow body aircraft; ~7,400 widebody aircraft; approximately 3,465 regional jets; and ~2,565 Turboprop. Engine and airframe maintenance and repair were the most prominent in 2024. Thus, the growing global aircraft fleet size is expected to generate new opportunities for aircraft component suppliers, including aircraft floor panel manufacturers, in the coming years.

South & Central America Aircraft Floor Panel Market Country Insights

Based on country, the South & Central America aircraft floor panel market comprises Brazil and the Rest of South & Central America. Brazil held the largest share in 2024.

The aviation industry is among the key contributors to the GDP of France. Airbus supports the design, production, and delivery of different models of Airbus aircraft in France. The Airbus exports in France contribute mainly to the economic growth of the country. For instance, in September 2023, Air France-KLM, the fourth airline group in South & Central America, planned the purchase of 50 Airbus A350 family aircraft. The company has planned options for an additional 40 planes. This order is the group's effort to renew its existing fleets and include both the A350-900 and A350-1000 passenger aircraft variants. Deliveries of these models are anticipated to start in 2026, with all deliveries completed by 2030. Such an increase in the number of aircraft orders in France, along with the growing significant investments by the airlines, has created a massive demand for aircraft floor panels. Further, the presence of one of the largest aircraft OEMs i.e., Airbus and Dassault in France is one of the major factors supporting the market growth. The increase in the number of air travel passengers directly impacts the growth of aircraft fleet and flying hours, which eventually would drive the demand for aircraft maintenance, thereby contributing to the aircraft floor panel market growth in France.

South & Central America Aircraft Floor Panel Market Report Highlights

South & Central America Aircraft Floor Panel Market Company Profiles

Some of the key players operating in the market include Singapore Technologies Engineering Ltd; Collins Aerospace; Safran SA; Triumph Group Inc; Latecose SA; The Gill Corporation; The Nordam Group LLC; Aeropair Ltd; The Boeing Co; VINCORION Advanced Systems GmbH; JCB Aero; Jones Metal Products; Geven spa; LMI Aerospace; Eco Earth solutions; and Euro Composite S.As among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.

South & Central America Aircraft Floor Panel Market Research Methodology :

The following methodology has been followed for the collection and analysis of data presented in this report:

• Secondary Research

The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:

• Company websites, annual reports, financial statements, broker analyses, and investor presentations.
• Industry trade journals and other relevant publications.
• Government documents, statistical databases, and market reports.
• News articles, press releases, and webcasts specific to companies operating in the market.

Note: All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.

• Primary Research

The Insight Partners’ conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis, and gain valuable insights. These research interviews are designed to:

• Validate and refine findings from secondary research.
• Enhance the expertise and market understanding of the analysis team.
• Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects.

Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:

• Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers
• External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise

South & Central America Aircraft Floor Panel Market Country and Regional Insights