According to the new market research report, now available on ASDReports, "Aircraft Heat Exchanger Market by Application (Environmental Control System and Engine System), Type (Plate-fin, Flat Tube), Vendor (OEM, Aftermarket), Platform (Fixed-Wing Aircraft, Rotary-Wing Aircraft, and UAVs), and Region - Global Forecast to 2022", The aircraft heat exchanger market is estimated to be USD 1.19 Billion in 2017 and is projected to reach USD 1.64 Billion by 2022, at a CAGR of 6.73% from 2017 to 2022. This growth can be attributed to the increasing use of heat exchangers in unmanned aerial vehicles and rising deliveries of commercial aircraft.
The fixed-wing aircraft segment is the largest platform segment of the aircraft heat exchanger market
Based on platform, the aircraft heat exchanger market has been segmented into fixed-wing aircraft, rotary-wing aircraft, and Unmanned Aerial Vehicles (UAVs). The fixed-wing aircraft segment has been further classified into commercial aviation, general aviation, and military aviation. The increase in the production of commercial aircraft worldwide is projected to drive the demand for aircraft heat exchangers, primarily in the fixed-wing aircraft segment.
The plate-fin segment of the aircraft heat exchanger market is projected to grow at a higher CAGR as compared to the flat tube segment during the forecast period
Based on type, the aircraft heat exchanger market has been segmented into plate-fin and flat tube. Both, plate-fin and flat tube are compact heat exchangers mainly used in the aviation industry. The most common type of aircraft heat exchanger is the plate-fin heat exchanger, which operates on the simple mechanical principle of transferring heat between two fluids through plates and finned chambers. A high-intensity hot bleed air is passed through the heat exchanger, which is cooled by gases and fluids and returned to the cabin pressurization system. Plate-fin heat exchangers are used to stabilize the temperature inside the aircraft cabin.
North America is the largest market for aircraft heat exchangers
North America is estimated to account for the largest share of the aircraft heat exchanger market in 2017. Countries considered for market analysis in this region include the US and Canada. The US is the leading market for aircraft heat exchangers in North America. Increasing deliveries of commercial aircraft and unmanned aerial vehicles in the US and Canada are contributing to the high demand for aircraft heat exchangers in the North American region. In addition, the presence of key manufacturers of heat exchangers in the US is another significant factor influencing the growth of the aircraft heat exchanger market in North America.
Key companies profiled in the aircraft heat exchanger market include Aavid Thermalloy (US), AMETEK (US), Honeywell Aerospace (US), JAMCO (Japan), Liebherr-International (Germany), Lytron (US), Meggitt (UK), TAT Technologies (Israel), Triumph Group, (US), United Technologies (US), Wall Colmonoy (US), and Woodward (US). These companies are focused on the adoption of various growth strategies to enhance their presence in emerging economies worldwide.
Source: ASDReports - Market Research
Date: Jan 17, 2018