Market Overview:
The global aircraft heat exchanger market is estimated to be valued at US$ 1,362.8 Mn in 2018 and is projected to reach US$ 2,711.5 Mn by 2030, registering a CAGR of 7.9% from 2018 to 2030. The growth of the global aircraft heat exchanger market can be attributed to the increasing demand for air travel and rise in passenger traffic across the globe. In addition, increase in adoption of new technologies and growing investments by OEMs for development of more fuel-efficient aircraft are expected to boost the growth of the global aircraft heat exchanger market during forecast period (2018-2020). On basis of type, plate-fin segment is anticipated to account for larger share in terms revenue as compared flat tube segment over forecast period (2018-2030). Plate fin type offers high thermal efficiency with low pressure drop as compared with other types such as tubular or shell & tube type which are widely used in HVAC systems across various industries such as automotive & transportation, oil & gas etc.
Product Definition:
An aircraft heat exchanger is a device used to transfer heat between two fluids. The importance of an aircraft heat exchanger is that it helps to keep the aircraft's engines running at the correct temperature.
Plate-fin:
Plate-fin is a heat exchanger used in aircraft for cooling the air that is taken into the engine. It works by using two plates, one of which is made of metal and the other, which can be made from several materials including copper, aluminum alloys and even wood. The working principle behind this device involves allowing coolant to pass between these two plates while keeping warm fluid (air) separate from the system.
Flat Tube:
Flat tube is a type of heat exchanger which has circular cross-section and uniform thickness. It is usually made from mild steel in the shape of a rectangle with two legs. The leg furthest from the core contains the fluid flow passage, while the other end contains an orifice for exhaust gases to leave the system.
The advantages associated with flat tubes are that they can be manufactured at low cost, have simple geometrical characteristics (rectangular),.
Application Insights:
The environmental control system segment dominated the global aircraft heat exchanger market in terms of revenue share in 2017. The engine system segment is expected to witness the highest growth over the forecast period. This can be attributed to rising fuel prices and growing concerns regarding pollution levels in various countries around the world. Governments are taking numerous initiatives for controlling air pollution, which has resulted in increasing demand for environment-friendly aircraft components such as exchangers that reduce exhaust emissions without compromising on performance or efficiency.
Engine systems include a Combustion System (CCS) and Engine Control System (ECS). These systems require a large amount of heat transfer fluid during normal operation as they generate high temperatures during combustion processes.
Regional Analysis:
The North American region dominated the global aircraft heat exchangers market in 2016 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing demand for air travel, which has resulted in an increased number of airports across the region. This has led to an increase in maintenance activities at airports, thereby driving product demand.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rapid economic development coupled with rising passenger traffic on account of low fares offered by airlines such as Air Asia and Malaysia Airlines. In addition, a rise in maintenance activities due mainly to expansion of airport facilities will drive product demand further over this period.
Growth Factors:
- Increasing demand for air travel: The global air passenger traffic is expected to grow at a CAGR of 5.4% from 2016 to 2036, according to the International Air Transport Association (IATA). This will result in an increase in the demand for aircraft heat exchangers.
- Technological advancements: Aircraft heat exchanger manufacturers are constantly innovating and developing new technologies that improve the performance and efficiency of their products. This will help them gain a larger share of the market.
- Stringent regulations on emissions: Airlines are increasingly looking for ways to reduce their carbon footprint, which is driving the demand for more fuel-efficient aircraft heat exchangers.
- Rising prices of aviation fuel: The prices of aviation fuel have been increasing steadily over the past few years, resulting in increased operating costs for airlines worldwide. This is likely to drive them towards more fuel-efficient aircraft heat exchangers in order to save on costs.. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Aircraft Heat Exchanger Market Research Report
By Type
Plate-fin, Flat Tube
By Application
Environmental Control System, Engine System
By Companies
Aavid Thermalloy, Ametek, Honeywell International, Jamco, Liebherr-International, Lytron, Meggitt, TAT Technologies, Triumph Group, United Technologies, Aavid Thermalloy, Woodward
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Aircraft Heat Exchanger Market Report Segments:
The global Aircraft Heat Exchanger market is segmented on the basis of:
Types
Plate-fin, Flat Tube
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Environmental Control System, Engine System
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aavid Thermalloy
- Ametek
- Honeywell International
- Jamco
- Liebherr-International
- Lytron
- Meggitt
- TAT Technologies
- Triumph Group
- United Technologies
- Aavid Thermalloy
- Woodward
Highlights of The Aircraft Heat Exchanger Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Plate-fin
- Flat Tube
- By Application:
- Environmental Control System
- Engine System
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aircraft Heat Exchanger Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An aircraft heat exchanger is a device that transfers heat from one fluid to another. It is used on airplanes to transfer the heat generated by the engines and other systems to the air outside of the airplane.
Some of the major companies in the aircraft heat exchanger market are Aavid Thermalloy, Ametek, Honeywell International, Jamco, Liebherr-International, Lytron, Meggitt, TAT Technologies, Triumph Group, United Technologies, Aavid Thermalloy, Woodward.
The aircraft heat exchanger market is expected to grow at a compound annual growth rate of 7.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aircraft Heat Exchanger Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aircraft Heat Exchanger Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aircraft Heat Exchanger Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aircraft Heat Exchanger Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aircraft Heat Exchanger Market Size & Forecast, 2020-2028
4.5.1 Aircraft Heat Exchanger Market Size and Y-o-Y Growth
4.5.2 Aircraft Heat Exchanger Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Plate-fin
5.2.2 Flat Tube
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Environmental Control System
6.2.2 Engine System
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aircraft Heat Exchanger Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aircraft Heat Exchanger Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Plate-fin
9.6.2 Flat Tube
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Environmental Control System
9.10.2 Engine System
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Plate-fin
10.6.2 Flat Tube
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Environmental Control System
10.10.2 Engine System
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Plate-fin
11.6.2 Flat Tube
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Environmental Control System
11.10.2 Engine System
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Plate-fin
12.6.2 Flat Tube
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Environmental Control System
12.10.2 Engine System
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Plate-fin
13.6.2 Flat Tube
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Environmental Control System
13.10.2 Engine System
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aircraft Heat Exchanger Market: Competitive Dashboard
14.2 Global Aircraft Heat Exchanger Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aavid Thermalloy
14.3.2 Ametek
14.3.3 Honeywell International
14.3.4 Jamco
14.3.5 Liebherr-International
14.3.6 Lytron
14.3.7 Meggitt
14.3.8 TAT Technologies
14.3.9 Triumph Group
14.3.10 United Technologies
14.3.11 Aavid Thermalloy
14.3.12 Woodward
