Aircraft Insulation Market Business Opportunities, Booming Demand, Provincial Analysis & Forecast

The global aircraft insulation market size is projected to grow from USD 5.5 billion in 2021 to USD 8.2 billion by 2026, at a CAGR of 8.3% from 2021 to 2026. The market is driven by various factors, such as increase in demand for lightweight materials, introduction of advanced acoustic and fire resistant materials resulting in safer operations of aircraft, declining cost of composite materials, and increasing demand for military helicopters. It discusses industry and technology trends currently prevailing in the market, along with drivers, restraints, challenges, and opportunities that influence the growth of the market.

Based on type, the aircraft insulation market will majorly be driven by the growing demand for thermal insulation in the forecasted year. Thermal insulation refers to the use of materials with low thermal conductivity to reduce the transfer of heat between different aircraft components and parts. The thermal insulation system helps maintain a comfortable internal environment while the aircraft is in flight, and dramatically reduces noise levels and vibrations.

Based on material, the foamed plastics is projected to grow at the highest CAGR for the aircraft insulation market during the forecast period. Plastic foams are widely used in a cabin in seat cushions and mattresses to absorb heat, noise insulation, vibration, etc. The aerospace industry uses various materials such as polyimide and polyurethane foams, combining acoustic and thermal insulation to be used in aircraft cabin in linings, wall panels, and rest of the areas or insulation blankets for door areas of the aircraft. Plastic foams are high-performance thermal and acoustic insulation products. They are inherently fire-resistant, lightweight, and environment-friendly with virtually no off-gassing/outgassing. They offer a wide operating temperature range from -196ºC to +300ºC.

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Based on application, the airframe segment is projected to grow at the highest CAGR rate for the aircraft insulation market during the forecast period. The airframe of an aircraft includes aircraft wings, flight control surfaces, fuselage, etc. It is the backbone of the aircraft, and is responsible for a safe, efficient, and reliable flight. The use of lightweight and high-strength composite materials for the development of the structure of an aircraft is anticipated to drive the growth of the aircraft insulation market. Thermal acoustic insulation materials are used in aircraft aerostructures for reducing noise levels. Furthermore, stringent government regulations regarding aircraft insulation materials to be used in an aircraft airframe is also driving the growth of the segment.

Based on platform, the unmanned aerial vehicles segment is projected to grow at the highest CAGR rate for the aircraft insulation market during the forecast period. UAVs include all military and non-military drones used for different applications such as surveillance, security, and battlefields. The market for UAVs is growing at a healthy rate and is not much affected by the COVID-19 outbreak. Furthermore, insulation is required to protect critical components of drones such as electrical systems and cameras. Hence, such factors are driving the growth of the segment.

North America is projected to be the largest regional share of the global aircraft insulation market during the forecast period. North America has the largest commercial aircraft fleets and military aircraft in the world. It also has the largest number of OEMs and MRO companies of the aircraft insulation market. The largest aircraft deliveries are also seen in the North American Region. It also accounts for the largest passenger traffic. The North American region also spends the most in technological and R&D programs. It also has the largest defense spending in the world. North America is home to some of the giants in the aircraft manufacturing industry, like Raytheon Technologies, Boeing, Lockheed Martin etc.

Triumph Group, Inc. became one of the top players in the aircraft insulation due to its collaboration with Boeing to provide Environmental Control Systems (ECS) ducting and floor panels. Furthermore, the company’s experience in the aerospace industry and technologically advanced products also made the company as one of the key players in the global aircraft insulation market.

Transdigm Group, Inc. is a global designer, supplier, and manufacturer of engineered aircraft components for both commercial and military aviation industries.  The company’s acquisition of Esterline Technologies Corporation (US), a manufacturer of aircraft parts & components, machine tool systems, aircraft insulation systems, and automated drilling products enhanced Transdigm Group, Inc. position in the global aircraft insulation market.

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