You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.

DUBLIN, Jan. 27, 2021 /PRNewswire/ -- The "Aircraft Floor Panel Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Aircraft Type, Material Type, Sales Channel, and End User" report has been added to ResearchAndMarkets.com's offering. According to this report the market was valued at US$ 646.7 million in 2019 and is projected to reach US$ 1,038.6 million by 2027; it is expected to grow at a CAGR of 8.2% from 2020 to 2027. The aviation industry is growing at a rapid pace by recording significant production volumes and deliveries of aircraft fleet - for both commercial and military use. The commercial aviation industry has witnessed tremendous growth in the past few years with the emergence of new low-cost carriers (LCCs) and fleet expansion strategies adopted by the full-service carriers (FSCs), and the rising number of air travel passengers and aircraft procurement would further drive the industry in the coming years. Airbus and Boeing are the two aircraft original equipment manufacturers (OEMs) with the largest order volumes and delivery statistics as they continuously supply various aircraft models to different civil airlines. Currently, the demand for both wide body and narrow body aircraft fleet is high. However, the inclination toward long-range, narrow-body type aircraft is increasing among majority of commercial aviation companies with the rising focus on extending fleet size and lowering operational cost. The delivery volumes of narrow body aircraft fleet such as Airbus A320 series and Boeing B737 series were 626 and 580 in 2018, and 642 and 127 in 2019, respectively. The demand for Boeing B737 reduced in 2019 after the two fatal B737 Max crashes in 2018 and 2019. The tremendous rise in the procurement of aircraft floor panels by OEMs, such as Boeing and Airbus, drives the growth of the aircraft floor panel market. The aircraft floor panel market is segmented on the basis of aircraft type, material type, sales channel, end user, and geography. Based on aircraft type, the market is further segmented into wide body aircraft, narrow body aircraft, and general aviation. The narrow-body aircraft segment represented the largest market share. Based on material type, the market is bifurcated into aluminum honeycomb and Nomex honeycomb. In 2019, the Nomex honeycomb segment accounted for a larger share in the market. Based on end user, the market is bifurcated into commercial and military. The commercial segment represented a larger market share. Based on geography, North America held the largest share of the aircraft floor panel market in 2019, followed by Europe and Asia Pacific. Further, Asia Pacific is projected to register the highest CAGR during the forecast period. Impact of COVID-19 Pandemic on Aircraft Floor Panel Market The COVID-19 outbreak is adversely affecting the several countries in the world. Until the outbreak, the aerospace industry was experiencing substantial growth in terms of production and services, despite huge backlogs from the aircraft manufacturers. It also witnessed rise in the number of passenger counts, leading to an increase in the procurement of aircraft (both commercial and military) and surge in MRO activities. The COVID-19 pandemic is restricting the demand for aircraft across the world that is restraining volumes of orders among the airframe manufacturers, resulting in lowering number of airframe production. The decline in production volumes is hindering businesses of various component manufacturers. Thus, the procurement of various aircraft components was on hold by aircraft manufacturers during the first two quarters of 2020. Thus, the destabilization in aircraft production due to the pandemic is hampering the growth of the aircraft floor panel market. Aeropair Ltd., Aim Aviation Ltd., Avcorp Industries Inc., Collins Aerospace, Ecoearth Solutions, Euro-Composites S.A., Safran S.A., Singapore Technologies Engineering Ltd., The Gill Corporation, and The Nordam Group LLC are among the companies operating in the aircraft floor panel market. Reasons to Buy: Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global 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 global 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 global market trends and outlook coupled with the factors driving the 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. Key Topics Covered: 1. Introduction2. Key Takeaways3. Research Methodology3.1 Coverage3.2 Secondary Research3.3 Primary Research4. Aircraft Floor Panel Market Landscape4.1 Market Overview4.2 Porter's Five Forces Analysis4.2.1 Bargaining Power of Buyers4.2.2 Bargaining Power of Suppliers4.2.3 Threat to New Entrants4.2.4 Threat to Substitutes4.3 Ecosystem Analysis5. Aircraft Floor Panel Market - Key Market Dynamics5.1 Market Drivers5.1.1 Accentuating Aircraft Orders and Delivery Volumes5.1.2 Increasing Emphasis on Use of Lightweight Materials5.2 Market Restraint5.2.1 Boeing's Setback from B737 Max and Discontinuation of A380 Program5.3 Market Opportunities5.3.1 Growing Adoption of Wide Body Jets and Business Jets5.4 Trend5.4.1 Surge in Demand for Air Freighter Fleet5.5 Impact Analysis of Drivers and Restraints6. Aircraft Floor Panel - Global Market Analysis6.1 Overview6.2 Aircraft Floor Panel Market - Revenue and Forecast to 2027 (US$ million)6.3 Market Positioning - Global Market Players Ranking7. Aircraft Floor Panel Market Analysis - By Aircraft Type7.1 Overview7.1.1 Aircraft Floor Panel Market Breakdown, by Aircraft Type, 2019 & 20277.2 Wide body Aircraft7.2.1 Overview7.2.2 Wide body Aircraft Market Revenue and Forecast to 2027 (US$ Million)7.3 Narrow body Aircraft7.3.1 Overview7.3.2 Narrow body Aircrafts Market Revenue and Forecast to 2027 (US$ Million)7.4 General Aviation7.4.1 Overview7.4.2 General Aviation Market Revenue and Forecast to 2027 (US$ Million)8. Aircraft Floor Panel Market Analysis - By Material Type8.1 Overview8.2 Aircraft Floor Panel Market Breakdown, by Material Type, 2019 & 20278.3 Aluminum Honeycomb8.3.1 Overview8.3.2 Aluminum Honeycomb Market Revenue and Forecast to 2027 (US$ Million)8.4 Nomex Honeycomb8.4.1 Overview8.4.2 Nomex Honeycomb Market Revenue and Forecast to 2027 (US$ Million)9. Aircraft Floor Panel Market Analysis - By Sales Channel9.1 Overview9.2 Aircraft floor panel Market Breakdown, by Sales Channel, 2019 & 20279.3 OEM9.3.1 Overview9.3.2 OEM Market Revenue and Forecast to 2027 (US$ Mn)9.4 After Market9.4.1 Overview9.4.2 Aftermarket Market Revenue and Forecast to 2027 (US$ Mn)10. Aircraft Floor Panel Market Analysis - By End-User10.1 Overview10.2 Aircraft floor panel Market Breakdown, by Sales Channel, 2019 & 202710.3 Commercial10.3.1 Overview10.3.2 Commercial Market Revenue and Forecast to 2027 (US$ Million)10.4 Military10.4.1 Overview10.4.2 Military Market Revenue and Forecast to 2027 (US$ Million)11. Aircraft Floor Panel Market - Geographic Analysis11.1 Overview11.2 North America: Aircraft Floor Panel Market11.3 Europe: Aircraft Floor Panel Market11.4 APAC: Aircraft Floor Panel Market11.5 MEA: Aircraft Floor Panel Market11.6 SAM: Aircraft Floor Panel Market12. Impact of COVID-19 Outbreak12.1 Impact of COVID-19 Pandemic on Global Aircraft Floor Panels Market12.1.1 North America: Impact Assessment of COVID-19 Pandemic12.1.2 Europe: Impact Assessment of COVID-19 Pandemic12.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic12.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic12.1.5 South America: Impact Assessment of COVID-19 Pandemic13. Industry Landscape13.1 Overview13.2 Market Initiative14. Company Profiles14.1 Aeropair Ltd14.1.1 Key Facts14.1.2 Business Description14.1.3 Products and Services14.1.4 Financial Overview14.1.5 SWOT Analysis14.1.6 Key Developments14.2 Avcorp Industries Inc.14.2.1 Key Facts14.2.2 Business Description14.2.3 Products and Services14.2.4 Financial Overview14.2.5 SWOT Analysis14.2.6 Key Developments14.3 Collins Aerospace, a Raytheon Technologies Corporation company14.3.1 Key Facts14.3.2 Business Description14.3.3 Products and Services14.3.4 Financial Overview14.3.5 SWOT Analysis14.3.6 Key Developments14.4 Aim Altitude UK Ltd.14.4.1 Key Facts14.4.2 Business Description14.4.3 Products and Services14.4.4 Financial Overview14.4.5 SWOT Analysis14.4.6 Key Developments14.5 Eco Earth solutions14.5.1 Key Facts14.5.2 Business Description14.5.3 Products and Services14.5.4 Financial Overview14.5.5 SWOT Analysis14.5.6 Key Developments14.6 Euro Composite S.A.14.6.1 Key Facts14.6.2 Business Description14.6.3 Products and Services14.6.4 Financial Overview14.6.5 SWOT Analysis14.6.6 Key Developments14.7 Safran S.A14.7.1 Key Facts14.7.2 Business Description14.7.3 Products and Services14.7.4 Financial Overview14.7.5 SWOT Analysis14.7.6 Key Developments14.8 The Gill Corporation14.8.1 Key Facts14.8.2 Business Description14.8.3 Products and Services14.8.4 Financial Overview14.8.5 SWOT Analysis14.8.6 Key Developments14.9 The Nordam Group LLC14.9.1 Key Facts14.9.2 Business Description14.9.3 Products and Services14.9.4 Financial Overview14.9.5 SWOT Analysis14.9.6 Key Developments14.10 Singapore Technologies Engineering Ltd14.10.1 Key Facts14.10.2 Business Description14.10.3 Products and Services14.10.4 Financial Overview14.10.5 SWOT Analysis14.10.6 Key Developments15. AppendixFor more information about this report visit https://www.researchandmarkets.com/r/gkl7zt Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com

Answer: Outlook on the Aircraft Floor Panel Global Market (2020 to 2027) - by Aircraft Type, Material Type, Sales Channel, and End-user