DUBLIN, June 4, 2018 /PRNewswire/ --
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) & Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The aircraft heat exchanger market is projected to grow from USD 1.19 Billion in 2017 to USD 1.64 Billion by 2022, at a CAGR of 6.73% during the forecast period. This growth is primarily driven by the increasing use of heat exchangers in unmanned aerial vehicles and rising commercial aircraft deliveries.
The aircraft heat exchanger market has been segmented on the basis of type, platform, application, vendor, and region. Based on application, the aircraft heat exchanger market has been classified into environmental control system and engine system. Environmental control systems use heat exchangers to maintain cabin pressurization. This, in turn, is projected to drive the growth of the environmental control system segment of the aircraft heat exchanger market. Moreover, the increase in the production of commercial and business aircraft is influencing the growth of the market for aircraft heat exchanger system components.
Based on vendor, the aircraft heat exchanger market has been segmented into OEM and aftermarket. The aftermarket segment is expected to grow at a higher CAGR as compared to the OEM segment during the forecast period. Heat exchangers are considered as critical components of aircraft engines, which require timely service and maintenance. This, in turn, is projected to drive the demand for aftermarket services in the aircraft heat exchanger market. Furthermore, increase in the production of aircraft worldwide is projected to drive the growth of the OEM segment of this market, as OEMs are responsible for the installation of various aircraft components.
Based on platform, the aircraft heat exchanger market has been classified into fixed-wing aircraft, rotary-wing aircraft, and Unmanned Aerial Vehicles (UAVs). The fixed-wing aircraft segment is the largest platform segment of the aircraft heat exchanger market. The fixed-wing aircraft segment has been further categorized into commercial aviation, general aviation, and military aviation. The need to enhance passenger comfort as well as ensure effective thermal management is projected to drive the demand for heat exchangers in commercial aircraft.
Based on region, the aircraft heat exchanger market has been segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is expected to lead the aircraft heat exchanger market from 2017 to 2022, owing to the increasing aircraft deliveries in this region and the rising demand for aftermarket services.
The aircraft heat exchanger market in the Asia Pacific region is projected to grow at the highest CAGR during 2017 to 2022. This growth can be attributed to the increase in aircraft production and deliveries in the Asia Pacific region. China, India, and Japan are key markets for aircraft heat exchangers in this region. The aircraft heat exchanger market in China is projected to witness significant growth, owing to the presence of key aircraft manufacturers, such as COMAC, and high demand for repair and maintenance of heat exchangers. Moreover, the growth of the aircraft heat exchanger market in India can be attributed to the rise in the production of commercial and military aircraft in this country.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Premium Insights
3.1 Attractive Opportunities in the Aircraft Heat Exchanger Market
3.2 Fixed-Wing Aircraft Platform Segment, By Subsegment
3.3 Europe Aircraft Heat Exchanger Market, By Platform & Region
3.4 Asia Pacific Aircraft Heat Exchanger Market, By Vendor
3.5 Aircraft Heat Exchanger Market, By Country
4 Market Overview
4.1 Introduction
4.2 Market Dynamics
4.2.1 Drivers
4.2.1.1 Growth in Global Air Travel and Subsequent Demand for New Aircraft
4.2.1.2 Increase in Defense Spending Coupled With the Growing Demand for Fighter Jets
4.2.2 Restraints
4.2.2.1 Backlogs in Aircraft Deliveries
4.2.3 Opportunities
4.2.3.1 Technological Advancements in Environmental Control Systems
4.2.3.2 Developments in Additive Manufacturing Technology
4.2.4 Challenges
4.2.4.1 Issues Associated With Heat Exchanger Fouling
5 Industry Trends
5.1 Introduction
5.2 Technology Overview
5.3 Supply Chain Analysis
5.4 Porter's Five Forces Analysis
5.4.1 Threat of New Entrants
5.4.2 Threat of Substitutes
5.4.3 Bargaining Power of Suppliers
5.4.4 Bargaining Power of Buyers
5.4.5 Intensity of Competitive Rivalry
5.5 Innovations & Patent Registrations
6 Aircraft Heat Exchanger Market, By Application
6.1 Introduction
6.2 Environmental Control Systems
6.3 Engine Systems
7 Aircraft Heat Exchanger Market, By Type
7.1 Introduction
7.2 Plate-Fin
7.3 Flat Tube
8 Aircraft Heat Exchanger Market, By Vendor
8.1 Introduction
8.2 OEM
8.3 Aftermarket
9 Aircraft Heat Exchanger Market, By Platform
9.1 Introduction
9.2 Fixed-Wing Aircraft
9.2.1 Commercial Aviation
9.2.1.1 Narrow Body Aircraft
9.2.1.2 Regional Transport Aircraft
9.2.1.3 Wide Body Aircraft
9.2.1.4 Very Large Aircraft
9.2.2 General Aviation
9.2.2.1 Business Aircraft
9.2.2.2 Light Aircraft
9.2.3 Military Aviation
9.2.3.1 Fighter Aircraft
9.2.3.2 Transport Aircraft
9.3 Rotary-Wing Aircraft
9.3.1 Commercial Helicopters
9.3.2 Military Helicopters
9.4 Unmanned Aerial Vehicles (UAVs)
10 Regional Analysis
11 Competitive Landscape
11.1 Overview
11.2 Ranking of Players, 2016
11.3 Competitive Situation and Trends
12 Company Profiles
12.1 Aavid Thermalloy
12.2 Ametek
12.3 Honeywell International
12.4 Jamco
12.5 Liebherr-International
12.6 Lytron
12.7 Meggitt
12.8 TAT Technologies
12.9 Triumph Group
12.10 United Technologies
12.11 Wall Colmonoy
12.12 Woodward
For more information about this report visit https://www.researchandmarkets.com/research/tjjjlg/aircraft_heat?w=5
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