The aircraft heat exchanger market is expected to grow from an estimated USD 1.3 billion in 2021 to USD 2.0 billion by 2026, at a CAGR of 9.2% during the forecast period of 2021-2026.
Some of the factors fueling the market's growth include increasing demand for effective cooling and heating in commercial aircraft and an increase in military spending in many countries worldwide. Airline carriers are focused on upgrading passenger luxury, which is encouraging the adoption of relaxed, highly customized, and superior aircraft heat exchangers to restore traditional systems. This is driving the expansion of the aftermarket sales sector in the aircraft heat exchangers market. The increasing demand of technological advancements in thermal management for the military and aerospace sector seems to be a lucrative opportunity for aircraft heat exchanger market providers during the forecast period.
Based on end-user, the aftermarket segment accounts for the largest market size during the forecast period
Based on vendor, the aircraft heat exchanger market has been segmented into OEM (Original Equipment Manufacturer) and aftermarket. The aftermarket segment includes maintenance, repairing upgrading and replacement of aircraft heat exchanger components and systems. The aftermarket vendor sub-segment is expected to lead the aircraft heat exchanger market due to high spending on upgraded avionics systems, and replacement of overused thermal management components and systems. However, an increase in aircraft deliveries and domestic manufacturing of aircraft will drive the growth of the OEM segment
Based on the aircraft type, the fixed wing segment is projected to grow at the highest CAGR during the forecast period.
Based on platform, the aircraft heat exchanger market has been segmented into fixed-wing aircraft, rotary-wing aircraft, and Unmanned Aerial Vehicles (UAVs). Aircraft heat exchangers differ, in terms of application and configuration in different types of aircraft. They also differ in numbers for narrow body aircraft, wide body aircraft, very large body aircraft, and business jets. The fixed wing segment is expected to grow at the highest CAGR during the forecast period. Factors positively impacting the aircraft heat exchanger market with regards to this section are rising demand of narrow body commercial aircrafts and more connectivity across regions.
The Asia Pacific is projected to grow at the highest CAGR during the forecast period.
The Asia Pacific is one of the emerging markets for aircraft heat exchangers in terms of research and development activities, deployment, and the presence of some of the key market players. The major countries under this region are the Japan, India and China. The drivers for the growth of the aircraft heat exchanger market in Japan include the need to improve aircraft systems of the Japan Self-Defense Forces, including the Japan Air Self- Defense Force (JASDF), Japan Ground Self-Defense Force, and the rising demand for better thermal management system in commercial airlines. Rising government focus on military and defense will boost market in India.
China is one of the fastest-growing economies in the world. The country is expected to increase its military spending in aircraft systems, including Aircraft heat exchangers, as well as in modern military equipment to remain technologically advanced in the defense sector. Domestic airlines in China are increasingly engaged in contracts with aftermarket service suppliers to enhance their aircraft operations. Also, factors like cheap and high skilled personnel for manufacturing of aircraft heat exchangers is boosting the market in Asia Pacific region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in Aircraft Heat Exchangers Market, 2021-2026 4.2 Aircraft Heat Exchangers Market, by Application 4.3 Aircraft Heat Exchangers Market, by Sales Channel 4.4 Aircraft Heat Exchangers Parts Replacement Market, by Country
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 188.8.131.52 Growing Demand for Effective Cooling and Heating in Commercial Aircraft 184.108.40.206 Rise in Demand of High-Performance Military Fighter Jets and Increase in Defense Expenditure 220.127.116.11 Demand for Heat Exchangers in Tactical and Ucav 18.104.22.168 Growing Fleet of Commercial and Combat Aircraft 5.2.2 Restraints 22.214.171.124 High Investment Cost and Long Clearance Period 5.2.3 Opportunities 126.96.36.199 Rising Focus on Developments in Additive Manufacturing 188.8.131.52 Technological Advancements in Thermal Management for Military and Aerospace Environments 5.2.4 Challenges 184.108.40.206 Issues Related to Heat Exchanger Fouling 220.127.116.11 Pandemic and Its Effect on Aircraft Heat Exchanger Market 5.3 Impact of COVID-19 on Aircraft Heat Exchanger Market 5.4 Ranges and Scenarios 5.5 Aircraft Heat Exchanger Market Ecosystem 5.5.1 Prominent Companies 5.5.2 Private and Small Enterprises 5.5.3 Applications 5.6 Value Chain Analysis 5.7 Average Selling Price of Aircraft Heat Exchanger 5.8 Trends/Disruptions Impacting Customer's Business 5.8.1 Revenue Shift and New Revenue Pockets for Aircraft Heat Exchanger Manufacturers 5.9 Porter's Five Forces Analysis 5.9.1 Threats of New Entrants 5.9.2 Threat of Substitutes 5.9.3 Bargaining Powers of Suppliers 5.9.4 Bargaining Powers of Buyers 5.9.5 Degree of Competition 5.10 Use Case Analysis: Aircraft Heat Exchangers 5.10.1 Air-Breathing Rocket Engines 5.10.2 3D Print Technique for Interplanetary Heat Exchanger 5.11 Trade Analysis 5.12 Tariff and Regulatory Landscape
6 Industry Trends 6.1 Introduction 6.2 Technology Trends 6.2.1 Reinvention of Heat Transfer 6.2.2 Expansion of Metal Baffles 6.2.3 Twisted-Tube Heat Exchanger Technology 6.2.4 Graphene - a Miracle Material 6.3 Technology Analysis 6.4 Impact of Megatrends 6.5 Innovations & Patent Registrations
7 Aircraft Heat Exchanger Market, by Application
8 Aircraft Heat Exchanger Market, by Platform
9 Aircraft Heat Exchanger Market, by Design
10 Aircraft Heat Exchanger Market, by Sales Channel
11 Aircraft Heat Exchanger Market, by Type
12 Regional Analysis
13 Competitive Landscape 13.1 Introduction 13.2 Ranking of Leading Players, 2020 13.3 Market Share Analysis of Leading Players, 2020 13.4 Revenue Analysis of Top 5 Market Players, 2020 13.5 Competitive Overview 13.6 Company Product Footprint Analysis 13.7 Company Evaluation Quadrant 13.7.1 Star 13.7.2 Emerging Leader 13.7.3 Pervasive 13.7.4 Participant 13.8 Competitive Scenario 13.8.1 Deals 13.8.2 Others
14 Company Profiles 14.1 Introduction 14.2 Key Players 14.2.1 Meggitt 18.104.22.168 Business Overview 22.214.171.124 Products & Solutions Offered 126.96.36.199 Analyst's View 188.8.131.52.1 Key Strengths and Right to Win 184.108.40.206.2 Strategic Choices Made 220.127.116.11.3 Weaknesses and Competitive Threats 18.104.22.168 Recent Developments 14.2.2 Ametek 22.214.171.124 Business Overview 126.96.36.199 Products Offered 188.8.131.52 Analyst's View 184.108.40.206.1 Key Strengths and Right to Win 220.127.116.11.2 Strategic Choices Made 18.104.22.168.3 Weaknesses and Competitive Threats 14.2.3 Recent Developments 14.2.4 Tat Technologies 22.214.171.124 Business Overview 14.2.5 Products & Solutions Offered 14.2.6 Analyst's View 126.96.36.199 Key Strengths and Right to Win 188.8.131.52 Strategic Choices Made 184.108.40.206 Weaknesses and Competitive Threats 14.2.7 Recent Developments 14.2.8 Triumph Group 220.127.116.11 Business Overview 14.2.9 Products & Solutions Offered 14.2.10 Analyst's View 18.104.22.168 Key Strengths and Right to Win 22.214.171.124 Strategies Choices Made 126.96.36.199 Weaknesses and Competitive Threats 14.2.11 Recent Developments 14.2.12 Boyd Corporation 188.8.131.52 Business Overview 14.2.13 Products & Solutions Offered 14.2.14 Recent Developments 14.2.15 Honeywell International 184.108.40.206 Business Overview 14.2.16 Products & Solutions Offered 14.2.17 Analyst's View 220.127.116.11 Key Strengths and Right to Win 18.104.22.168 Strategic Choices Made 22.214.171.124 Weaknesses and Competitive Threats 14.2.18 Recent Developments 14.2.19 Sumitomo Precision Products 126.96.36.199 Business Overview 14.2.20 Products & Solutions Offered 14.2.21 Analyst's View 188.8.131.52 Key Strengths and Right to Win 184.108.40.206 Strategic Choices Made 220.127.116.11 Weaknesses and Competitive Threats 14.2.22 Recent Developments 14.2.23 Raytheon Technologies 18.104.22.168 Business Overview 14.2.24 Products & Solutions Offered 14.2.25 Analyst's View 22.214.171.124 Key Strengths and Right to Win 126.96.36.199 Strategic Choices Made 188.8.131.52 Weaknesses and Competitive Threats 14.2.26 Recent Developments 14.2.27Parker Hannifin 184.108.40.206 Business Overview 14.2.28 Products & Solutions Offered 14.2.29 Analyst's View 220.127.116.11 Key Strengths and Right to Win 18.104.22.168 Strategic Choices Made 22.214.171.124 Weaknesses and Competitive Threats 14.2.30 Recent Developments 14.2.31Safran Sa 126.96.36.199 Business Overview 14.2.32 Products & Solutions Offered 14.2.33 Recent Developments 14.2.34 Liebherr International 188.8.131.52 Business Overview 14.2.35 Products & Solutions Offered 14.2.36 Recent Developments 14.2.37 Wall Colmonoy 184.108.40.206 Business Overview 14.2.38 Products & Solutions Offered 14.2.39 Recent Developments 14.2.40 Jamco 220.127.116.11 Business Overview 14.2.41 Products & Solutions Offered 14.2.42 Recent Developments 14.2.43 Camtronics Aviation Group 18.104.22.168 Business Overview 14.2.44 Products & Solutions Offered 14.2.45 Recent Developments 14.2.46 Aviagroup Industries 22.214.171.124 Business Overview 14.2.47 Products & Solutions Offered 14.2.48 Recent Developments 14.2.49 Parfuse Corporation 126.96.36.199 Business Overview 14.2.50 Products & Solutions Offered 14.2.51 Recent Developments 14.2.52 Mezzo Technologies 188.8.131.52 Business Overview 14.2.53 Products & Solutions Offered 14.2.54 Recent Developments 14.2.55 Nimrod Group 184.108.40.206 Business Overview 14.2.56 Products & Solutions Offered 14.2.57 Recent Developments 14.2.58 Sintavia 220.127.116.11 Business Overview 14.2.59 Products & Solutions Offered 14.2.60 Recent Developments 14.2.61 Airmark Components 18.104.22.168 Business Overview 14.2.62 Products & Solutions Offered 14.2.63 Recent Developments 14.2.64 California Brazing 22.214.171.124 Business Overview 14.2.65 Products & Solutions Offered 14.2.66 Recent Developments 14.2.67 Msm Aerospace Fabricators 126.96.36.199 Business Overview 14.2.68 Products & Solutions Offered 14.2.69 Recent Developments 14.2.70 Aviation Technical Services 188.8.131.52 Business Overview 14.2.71 Products & Solutions Offered 14.2.72 Recent Developments 14.2.73 Turbotech 184.108.40.206 Business Overview 14.2.74 Products & Solutions Offered 14.2.75 Recent Developments 14.3 Eaton 14.3.1 Business Overview 14.3.2 Products & Solutions Offered