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.
Contact:Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com
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