The Aircraft Heat Exchanger Market size is projected to be valued $XX Billion by 2025; with a CAGR of XX% from 2017 to 2025. A heat exchanger is a device built for resourceful heat transfer from one medium to another. In a commercial aircraft, heat exchangers located in the area at the transition between fuselage and wings for cooling purpose. Heat exchangers allow thermal energy to be transferred from one medium to another without the two media that is water and gas coming into contact with each other.
Constantly growing adoption of heat exchanger in various applications such as pre coolers, intercoolers and radiators are acting as a major growth driver for the market. In spite of these factors, the aircraft heat exchanger market is expected to reduce with the fluctuation in growth rate due to the backlogs in the aircraft deliveries. Concerns with the availability of the raw material are also acting as one of the major constraint for the aircraft heat exchanger market. Concernsrelated to transforming from the legacy heat exchangers with the new heat exchangers are also acting as restraining factor for the aircraft heat exchanger market. Technological progress in the environmental control system and development in additive manufacturing is expected to act as vital opportunities for the aircraft heat exchanger market.
Aircraft Heat Exchanger market is segmented on the basis of application, vendor, type, platform and geography. Based on platform, the aircraft heat exchanger market has been bifurcated into fixed-wing aircraft, Unmanned Aerial Vehicles (UAVs) and rotary-wing aircraft. The fixed-wing aircraft segment has been further divided into military aviation, commercial aviation and general aviation. As there has been a massive increase in the production of commercial aircraft globally, the demand for aircraft heat exchangers has increased, predominantly in the fixed-wing aircraft segment. Aircraft heat exchanger market has been segmented into OEM and aftermarket on the basis of vendor.
Depending on the type of the aircraft heat exchanger, market has been segmented into plate-fin and flat tube. Both, plate-fin and flat tube are dense heat exchangers primarily used in the aviation industry. Commonly used 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. Plate-fin heat exchangers are used to maintain the temperature within the aircraft cabin.
U.S leads the market for aircraft heat exchangers in North America. Cumulative deliveries of commercial aircraft and unmanned aerial vehicles in both the countries are contributing to the high demand for aircraft heat exchangers in the North American region. Additionally, the presence of key manufacturers of heat exchangers in the US is another significant reason influencing the growth of the aircraft heat exchanger market in North America.
Major companies operating in the aircraft heat exchanger market include AavidThermalloy (US), AMETEK (US), Honeywell Aerospace (US), JAMCO (Japan), Liebherr-International (Germany), Lytron (US), Meggitt (UK), TAT Technologies (Israel), Triumph Group, (US) and United Technologies (US), Wall Colmonoy (US), among others.
The key takeaways from the report
Scope of Aircraft Heat Exchanger Market