Aircraft Heat Exchanger Market Analysis & Forecast with Upcoming Trends 2022

Aircraft Heat Exchanger Market Worth 1.64 Billion USD by 2022

According to the new market research report on the "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", published by MarketsandMarkets™, the 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.

Browse 80 market data Tables and 44 Figures spread through 124 Pages and in-depth TOC on "Aircraft Heat Exchanger Market - Global Forecast to 2022"

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.

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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.

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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.

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Autonomous Ships Market - Growth Opportunities in Global Industry

Autonomous Ships Market worth $13.8 billion by 2030

The Autonomous Ships Market is estimated to be USD 6.1 billion in 2018 and is projected to reach USD 13.8 billion by 2030, at a CAGR of 7.0% from 2018 to 2030.

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Fully autonomous ships are those ships which can make their own decisions based on artificial intelligence and sensor fusion technology. All the systems in autonomous ships are automated and operators just program the ships to take specific routes. Companies such as Rolls Royce and Kongsberg are developing fully autonomous ships. For instance, in 2018, a contract was signed between Kongsberg, and VARD to develop the fully autonomous ship. The vessel, YARA Birkeland, will be remotely operated by 2020, after which by 2022, it will be developed to be fully autonomous.  In another development in the autonomous ships market, Rolls Royce has partnered with VTT Technical Research Centre (Finland), to design, test, and validate remotely operated ships.

As most of the global commercial cargo is transported through the sea, issues related to navigational safety, risk management at sea, and protection of human resources have high importance for shipping companies. Advanced digital solutions, such as autonomous ships can help address these issues efficiently. The commercial fleet is classified into bulk carrier, container, tanker, passenger, specialized vehicle, and offshore vehicle. Unlike naval vessels, commercial shipping has been relatively slow to tap the potential of full automation. Increasing the level of shipboard automation and systems integration can lead to significant operational savings for commercial ships. Thus, this segment offers significant potential for the autonomous ships market.

The systems segment of the autonomous ships market has been classified into communications & connectivity; intelligent awareness systems; and reliability, health & safety management. The communications & connectivity segment has been further divided under communication management systems into satellite system, very small aperture terminal, and terrestrial communication system. These systems enable autonomy in different ship components. Naval ships play a vital role in tactical data link operations, a part of the ship communication management systems. Tactical communication systems are used by naval forces to improve decision-making and for high reaction speed. These systems also provide access to widely dispersed naval troops and weapons. The tactical data link systems enable naval forces to operate in a synchronized manner, which is not possible through the traditional means. They allow naval forces to exchange sensor data on battlefields. These systems utilize sensor grids, engagement grids, high-quality information grids, and Command and Control (C2) processes to create a common operating picture of the battlefield, thereby allowing troops to respond quickly to enemy threats.

Asia Pacific has witnessed rapid economic development over the years, resulting in an increase in maritime trade. This rise in sea trade has subsequently led to an increasing demand for ships for the transportation of manufactured goods worldwide. Thus, the rising number of ships has increased the demand for autonomous ships in the Asia Pacific region. According to UNCTAD, South Korea, Japan, and China are the major players in the shipbuilding industry and are expected to account for 80% of the tanker orders during the forecast period. According to IHS Marine, since 2009, 133 LNG tankers have been built in Asia – 100 in South Korea, 20 in China, and 13 in Japan. Shipbuilding companies from Japan, South Korea, and China are also among the largest players in each of the 4 major segments, namely, tankers, bulk carriers, container ships, and offshore vessels.

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Key market players in the Autonomous Ships Market include Wartsila (Finland), Kongsberg Gruppen (Norway), Northrop Grumman (US), Rolls-Royce (UK), General Electric (US), ABB (Switzerland), and Honeywell International (US), among others.

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Marine Propeller Market seen as key to dominating the world’s oceans Industry

Marine Propeller Market worth $5.4 billion by 2022 growing with a CAGR of 2.7%

The Report "Marine Propeller Market by Type (Propellers, Thrusters), Application (Merchant Ships, Naval Ships, Boats), Material (Stainless Steel, Aluminum, Bronze, Nickel-Aluminum Bronze), End User, Propulsion, Number of Blades, Region - Global Forecast to 2022", the growing demand for marine propellers from the new shipbuilding & repair market and growth in international seaborne trade and maritime tourism are some of the key factors expected to drive the marine propeller market. The market is projected to reach USD 5.4 billion by 2022, at a CAGR of 2.7% from 2017 to 2022.

 Browse 140 market data Tables and 55 Figures spread through 176 Pages and in-depth TOC on "Marine Propeller Market - Global Forecast to 2022"

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With the ongoing technological advancements, there is an increase in the adoption of highly advanced and energy-efficient marine propulsion systems that offer excellent performance with minimum fuel consumption. The decline in fuel consumption will reduce the cost associated with seaborne trade, which will further drive the seaborne trade.

Marine Propeller Market

Adoption of Thrusters in Varied Ships to Remain High During Forecast Period

The adoption of thrusters is projected to remain high during the forecast period for efficient maneuverability and docking of ships. Marine thrusters are used primarily in tugboats, yachts, barges, boats, and Autonomous Underwater Vehicles (AUVs). The increasing number of marine vehicles is expected to drive the growth of the segment. Some of the leading manufacturers of thrusters are Rolls-Royce, Hyundai Heavy Industries, and Caterpillar.

Merchant Ships Expected to be the Leading Application of the Marine Propeller Market

The merchant ships application segment is anticipated to lead the marine propeller market during the forecast period. The increasing demand for passenger and cargo ships is expected to drive the growth of the merchant ships segment. Merchant ships are used majorly for commercial transportation. These ships vary in sizes - from long diving boats (6 meters long) to long ultra large crude carriers (415 meters long). These carriers are used to transport crude oil and goods across oceans; they are also known as tankers, containers, or bulk carriers.

Nickel-Aluminum Bronze is the Most Widely Used Material to Manufacture Ship Propellers

Nickel-aluminum bronze alloy is one of the key materials used to manufacture ship propellers. This alloy comprises up to 7% iron, 6-13% aluminum, and 7% nickel. The use of this material provides resistance to notch sensitivity and increases the efficiency of propellers. Kruger & Sons is one of the key manufacturers of nickel-aluminum bronze propellers.

Original Equipment Manufacturers (OEMs) Projected to Outpace the Aftermarket During Forecast Period

By end-user, the OEM segment of the marine propeller market is projected to outpace the aftermarket segment during the forecast period. Increase in spending on shipbuilding activities by different regions is one of the major factors expected to drive this segment. OEMs offer both line-fit and retrofit options, thereby saving the time required in the installation of marine components post their delivery.

Asia Anticipated to be a Leading Revenue Contributor to the Marine Propeller Market

Asia is projected to lead the marine propeller market from 2017 to 2022. The rise in demand for oil tankers and bulk carriers for import and export activities in Asia is expected to fuel the market in this region. The rise in maritime trade has subsequently increased the demand for ships that are used to transport manufactured goods to various regions. Hence, the increase in the number of ships has contributed to the growing demand for propulsion systems and propellers in this region.

Rolls-Royce Holdings Plc (UK), Wärtsilä Oyj Abp (Finland), Hyundai Heavy Industries Co., Ltd. (South Korea), MAN SE Corporation (Munich), and Caterpillar Inc. (US), among others, are some of the major players in the marine propeller market.

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Aircraft Battery Market Analysis & Forecast with Upcoming Trends 2022

Aircraft Battery Market worth 667.8 Million USD by 2022

According to the new market research report "Aircraft Battery Market by Offering (Product- Battery (NICAD, Lithium Ion, Lead Acid, Others), BMS, Services) Application (Propulsion, APU, Emergency), Aircraft Type, End User, Power Density, Aircraft Technology, and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market is projected to grow from an estimated USD 475.0 Million in 2017 to USD 667.8 Million by 2022, at a CAGR of 7.05% from 2017 to 2022.

Aircraft Battery Market

                     Aircraft Battery Market

Browse 85 Tables and 37 Figures spread through 131 Pages and in-depth TOC on "Aircraft Battery Market - Global Forecast to 2022"

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Aircraft manufacturers are increasingly shifting towards the More Electric Architecture (MEA) that involves majority of non-propulsive systems in an aircraft being powered by electricity. The growing shift toward the more electric aircraft technology is expected to propel the demand for aircraft batteries during the forecast period.

The UAV segment under the aircraft type is witnessing strong growth in the aircraft battery market. Drones are widely accepted by the defense sector worldwide, owing to their limited operational costs in comparison to manned aircraft and benefits offered by them to defense forces. Moreover, there have been huge R&D investments in the field of drones that have widened their applicability in mining, surveying, 3D mapping, and oil & gas exploration activities, among others.

Based on end user, the OEM segment is projected to lead the aircraft battery market during the forecast period.

Based on end user, the OEM segment is expected to lead the aircraft battery market during the forecast period. In the aviation industry, aircraft are manufactured and delivered to airlines with aircraft battery technology already installed in the aircraft. Original Equipment Manufacturers (OEMs) are responsible for the installation of battery components. This has become a suitable alternative for airline companies, as post the delivery of aircraft, modification becomes cumbersome for aircraft manufacturers.

Based on offering, the product segment of the aircraft battery market is projected to witness the highest growth during the forecast period.

Based on offering, the product segment of the aircraft battery market is projected to witness the highest growth during the forecast period. The product segment includes all the battery types and battery management systems used in aircraft. As the aircraft architecture is moving more towards electrical systems, the need for better and more number of batteries is driving the product segment of the aircraft battery market.

The North America region is expected to lead the aircraft battery market during the forecast period 2017 to 2022.

The North America region is expected to lead the aircraft battery market during the forecast period. The growth of the North America aircraft battery market is driven by factors such as the rapid growth in the aircraft manufacturing, technological advancements in aircraft architecture, and growth in the electric aircraft industry. Thus, the market for aircraft batteries is expected to witness considerable growth in the region following the increased demand from various applications.

Major companies profiled in the aircraft battery market report are Concorde Batteries (US), Saft (France), EnerSys (US), EaglePitcher (US), and Gill Batteries (US), among others.

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Unmanned Underwater Vehicles (UUV) Market | Players & Forecast Analysis till 2022

Unmanned Underwater Vehicles (UUV) Market Worth 5.20 Billion USD by 2022

The report "Unmanned Underwater Vehicles (UUV) Market by Type (Remotely Operated Vehicle & Autonomous Underwater Vehicles), ROV & AUV Market by Application, Product, Propulsion System, Payload, and Region - Global Forecasts to 2022", published by MarketsandMarkets™, the Unmanned Underwater Vehicles (UUV) market is estimated at USD 2.69 Billion in 2017 and is projected to reach USD 5.20 Billion by 2022, at a CAGR of 14.07% from 2017 to 2022. The growth of the market can be attributed to the rising number of deep-water offshore oil & gas production activities and increasing maritime security threats.

Browse 119 Market Data Tables and 99 Figures spread through 294 Pages and in-depth TOC on "Unmanned Underwater Vehicles (UUV) Market - Global Forecasts to 2022"

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"Based on application, the commercial exploration segment of the Remotely Operated Vehicle (ROV) market is expected to witness the highest growth during the forecast period" 

The commercial exploration segment of the Remotely Operated Vehicle (ROV) market is expected to witness the highest growth during the forecast period. This growth can be attributed to the increased demand for UUVs in commercial applications, such as surveys and seabed mapping, offshore drilling, and pipeline inspection.

"Based on payload, the sensor segment of the unmanned Underwater Vehicles market is expected to witness the highest growth during the forecast period" 

The unmanned Underwater Vehicles market has been segmented and analyzed based on payload into sensors, radars, cameras, lasers, and others. The camera segment is estimated to be the largest segment of the market in 2017, as high-resolution cameras are the most widely used payloads in various applications. The sensors segment is projected to witness the highest growth, due to the increased use of sensors in the defense sector for scanning, detecting, mapping, and remote sensing. Sensors are also used in the commercial sector to measure the concentration of various elements and compounds and detect the presence of microscopic life.

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"The unmanned Underwater Vehicles market in Africa is expected to witness high growth during the forecast period." 

North America is estimated to account for the largest share of the unmanned Underwater Vehicles market in 2017, due to the rising incidences of terrorism and increasing offshore drilling activities in the region. The unmanned Underwater Vehicles market in Africa is expected to witness the highest growth during the forecast period, owing to the rising oil & gas exploration activities undertaken by countries such as South Africa and Nigeria and the increased use of UUVs in anti-submarine warfare to help detect manned submarine in the region.

Oceaneering International (US), Kongsberg Maritime (Norway), Teledyne Technologies, Inc. (US), and Subsea 7 S.A. (UK) are the major players operating in the unmanned Underwater Vehicles market.

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The report segments and analyzes the unmanned Underwater Vehicles market based on type (remotely operated vehicle, and autonomous Underwater Vehicles), ROV product type (small vehicles, high-capacity electric vehicles, work class vehicles, and heavy work class vehicles), AUV product type (man-portable vehicles, lightweight vehicles, heavyweight vehicles, and large vehicles), application (commercial exploration, defense, scientific research, and miscellaneous), propulsion (electric systems, mechanical systems, hybrid systems, and others), payload (sensors, lasers, camera, radars, and others) and maps these segments and subsegments across the major regions, namely, North America, Europe, Asia Pacific, the Middle East, Latin America, and Africa.

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