At 2.3% CAGR, South & Central America Aircraft Floor Panel Market is Projected to be WWorth US$ 31.02 Million by 2031 says Business Market Insights

According to Business Market Insights research, the South & Central America aircraft floor panel market was valued at US$ 26.54 million in 2024 and is expected to reach US$ 31.02 million by 2031, registering a CAGR of 2.3% from 2024 to 2031. Usage of lightweight materials and retrofitting of older aircraft fleet are among the critical factors attributed to drive the South & Central America aircraft floor panel market.

The floor panels of an aircraft contribute significantly to its overall weight. This is mainly due to the large number and volume of floor panels installed inside the fuselage and airframe assemblies. The use of lightweight composite materials for floor panels that require adhesives reduces the need for fasteners used in traditional metal-based floor panels. Further, the use of lightweight materials for producing panels for aircraft flooring applications also offers several advantages, including improved fuel efficiency, extended range, greater strength-to-weight ratio, reduced structural stress, better corrosion resistance capabilities, easier inspection, optimized design, and better passenger comfort. Such factors are likely to boost the adoption of lightweight materials-based aircraft floor panels among aircraft manufacturers across different regions, bringing new trends in the aircraft floor panel market.

On the contrary, increase in geopolitical events to hinder supply chain of aircraft componentshampers the growth of South & Central America aircraft floor panel market.

Based on aircraft type, the South & Central America aircraft floor panel market is segmented into narrow body aircraft,  wide  body aircraft, general aviation, and others. The narrow body aircraft segment held 38.9% market share in 2024, amassing US$ 10.31 million. It is projected to garner US$ 12.42 million by 2031 to register 2.7% CAGR during 2024–2031.

By material type, the South & Central America aircraft floor panel market is bifurcated into aluminum honeycomb and nomex honeycomb. The nomex honeycomb segment held 66.7% share of South & Central America aircraft floor panel market in 2024, amassing US$ 17.70 million. It is projected to garner US$ 21.15 million by 2031 to expand at 2.6% CAGR from 2024 to 2031.

In terms of application, the South & Central America aircraft floor panel market is bifurcated into commercial aviation and military aviation. The commercial aviation segment held 92.7% share of South & Central America aircraft floor panel market in 2024, amassing US$ 24.60 million. It is projected to garner US$ 28.91 million by 2031 to expand at 2.3% CAGR from 2024 to 2031.

Based on end use, the South & Central America aircraft floor panel market is bifurcated into OEMs and aftermarket. The OEMs segment held 61.1% market share in 2024, amassing US$ 16.21 million. It is projected to garner US$ 19.53 million by 2031 to register 2.7% CAGR during 2024–2031

Based on country, the aircraft floor panel market is categorized into the Brazil and the Rest of South & Central America. Our regional analysis states that Brazil captured 83.4% share of South & Central America aircraft floor panel market in 2024. It was assessed at US$ 22.13 million in 2024 and is likely to hit US$ 26.06 million by 2031, registering a CAGR of 2.4% during 2024 to 2031.

Key players operating in the aircraft floor panel market are 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.A, among others.

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