Commercial Aircraft Honeycomb Core Market - Segmentation Analysis and Forecast by Technavio

According to the latest market study released by Technavio, the global commercial aircraft honeycomb core market is expected to grow at a CAGR of close to 8% during the forecast period.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171020005393/en/

Technavio has published a new report on the global commercial aircraft honeycomb core market from 20 ...

Technavio has published a new report on the global commercial aircraft honeycomb core market from 2017-2021. (Graphic: Business Wire)

This research report titled ‘Global Commercial Aircraft Honeycomb Core Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

The market research analysis categorizes the global commercial aircraft honeycomb core market into the following types of aircraft. They are:

  • Narrow-body aircraft
  • Wide-body aircraft
  • Regional aircraft

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Global commercial aircraft honeycomb core market for narrow-body aircraft

Narrow-body aircraft, also called single-aisle aircraft, is commonly referred to the airliner that has only one aisle in the cabin, with passenger seating arrangement divided into two axial groups. The demand for narrow-body aircraft is attributed to the growth of the low-cost carrier (LCC) business model. The LCC model offers operational efficiency and increases the overall profitability, which acts as a major incentive for the airlines. Such airlines focus on the point-to-point flying routes instead of opting for a non-stop flight to the destination. This allows operators to achieve superior flexibility over wide-body airlines while enhancing their networks.

According to Ramyabrata Chakraborty, a lead analyst at Technavio for aerospace components research, “Aircraft OEMs are continuously revamping their contracts and agreements with their suppliers. New generation aircraft are utilizing more composite honeycomb core structures for different structural parts. The introduction of new aircraft necessitates both the OEMs and their supplier base to augment their respective production capabilities.”

Global commercial aircraft honeycomb core market in wide-body aircraft segment

The wide-body aircraft segment accounted for more than 23% of the total market share in 2016. A wide-body aircraft is an airliner that can accommodate two passenger aisles within the fuselage. It features seven or more side-by-side sitting arrangement. Such aircraft was originally designed to offer better passenger comfort, ensure increased efficiency, and superior cargo space. The growing demand for aircraft replacement, mainly because of aging, will drive the growth of wide-body aircraft in the commercial aircraft honeycomb core market. The market is also expected to witness a significant growth in passenger traffic with increased demand for comfortable air travel.

“Currently, the lack of availability of wide-body aircraft is also challenging the airlines' ability to meet the current passenger demand. Therefore, airlines are replacing small-body or single-aisle aircraft with wide-body aircraft. Such growing number of aircraft, and rise in the replacement of old aircraft, with those having lighter yet stronger structures and components made of composites, which make them more fuel-efficient are expected to drive the market growth” says Ramyabrata.

Global commercial aircraft honeycomb core market in regional aircraft segment

In 2016, the regional aircraft segment occupied close to 14% of the total market share. The growing adoption of new generation regional aircraft such as 20-59 seater and 60-99-seater aircraft will drive the global commercial aircraft honeycomb core market. The increased importance of large regional jets is also becoming an important means for network connectivity between secondary and tertiary airports in the global market. Mature markets such as North America, Europe, and Northeast Asia is also witnessing a rise in demand for airlines that operate aircraft fleets with varying seating capacities.

The top vendors highlighted by Technavio’s market research analysts in this report are:

  • DuPont
  • EURO-COMPOSITES
  • Hexcel
  • Plascore
  • Rockwell Collins

Browse Related Reports:

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.