Bharat Book Bureau Provides the Trending Market Research Report on “Global Aircraft Heat Exchanger Market Forecast to 2022” under Industry & Mfg. The report provides information on industry overview, market size, latest developments, industry trends, Key players, global presence, and their future prospects.
Aircraft Heat Exchanger Market is projected to grow at a CAGR of 6.73% from 2017 to 2022
The aircraft heat exchanger 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. The growth of the aircraft heat exchanger market can be attributed to the rise in the production of new aircraft and increase in defense spending of various countries worldwide. The increasing use of heat exchangers in tactical and combat unmanned aerial vehicles is another significant factor contributing to the growth of the aircraft heat exchanger market, globally. However, backlogs in aircraft deliveries are acting as a restraint to the growth of the aircraft heat exchanger market. Issues associated with heat exchanger fouling pose a challenge to manufacturers of heat exchangers.
The environmental control system segment is the key application segment of the aircraft heat exchanger market
Based on application, the environmental control system segment is projected to lead the aircraft heat exchanger market from 2017 to 2022. The demand for heat exchangers in environmental control systems of aircraft is increasing at a rapid pace. Environmental control systems use heat exchangers to control the amount of cooling airflow in the aircraft cabin. In addition, heat exchangers are also used in air cycle machines and thermal management systems.
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The aftermarket segment is projected to lead the aircraft heat exchanger market
Based on vendor, the aircraft heat exchanger market has been segmented into OEM and aftermarket. Aftermarket services include maintenance, upgrade, and retrofit of aircraft heat exchanger components. The need for replacement of legacy heat exchanger systems with modernized systems is expected to drive the growth of the aftermarket segment of the aircraft heat exchanger market. Moreover, increased focus on production optimization in the aviation industry will positively influence the growth of the OEM segment of the aircraft heat exchanger market.
North America is the largest market for aircraft heat exchangers
North America is projected to lead the aircraft heat exchanger market from 2017 to 2022. The growth of the aircraft heat exchanger market in North America is primarily driven by the significant increase in deliveries of commercial aircraft and unmanned aerial vehicles in the US and Canada. In addition, the demand for maintenance and repair services from key aircraft manufacturers in North America is further driving the growth of the aircraft heat exchanger market in this region. Among all countries in North America, the US is the leading market for aircraft heat exchangers.
Breakdown of Primaries:
In-depth interviews were conducted with various key industry participants, subject matter experts, C level executives of key companies, and industry consultants to obtain and verify critical qualitative and quantitative information, as well as to assess growth prospects. The breakdown of primary interviews is mentioned as follows:
- By Company Type: Tier 1 - 35%, Tier 2 - 45%, and Tier 3 - 20%
- By Designation: C Level - 35%, D Level - 25%, and Others - 40%
- By Region: North America - 45%, Europe - 20%, Asia Pacific - 30%, and RoW - 5%
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