Aircraft Heat Exchanger Market
Aircraft Heat Exchanger Market Study by Flat Tubes and Plate Fins for Fixed-Wing, Rotary-Wing, and Unmanned Aerial Vehicles for Engine Systems and Cabin Control From 2024 to 2034
Analysis of Aircraft Heat Exchanger Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Aircraft Heat Exchanger Market Outlook (2024 to 2034)
The global aircraft heat exchanger market is currently valued at US$ 1.67 billion in 2024 and is forecasted to expand at a CAGR of 9.5% to reach US$ 4.14 billion by 2034.
As per the aircraft heat exchanger industry analysis, demand is driven by the increasing number of commercial and combat aircraft, as well as military spending by different countries. In mission-critical aviation and other aerospace applications, heat exchangers are essential parts. They are essential to a satellite's ability to carry out a range of duties without overheating, the optimal operation of jet engines, and the correct functioning of aircraft electronics.
The need for heat transfer equipment has been fueled by rising energy consumption in the electricity, petrochemical, and oil and gas sectors as well as increased spending on modernizing the aviation, space, and energy infrastructure.
The need for advanced aircraft heat exchanger systems is driven by rising military aircraft demand and increasing Air Force capability enhancement spending. For example, the United States Air Force (USAF) and Aerobraze Engineered Technologies Oklahoma City inked a five-year agreement in January 2023 for the remanufacturing of regenerative heat exchangers for F-16 fighter aircraft at Tinker Air Force Base. Therefore, rising fixed-wing aircraft deliveries and rising MRO operating expenses are creating a positive future aircraft heat exchanger industry outlook.
Heat exchangers are crucial components in thermal engineering for refrigeration, electronic cooling, air conditioning, and power system cooling. Improved heat transfer technologies were used to complement the passive and active heat exchangers. To cool the gearbox, hydraulics, auxiliary power unit, ram air, and other components, heat exchangers are commonly used in airplanes.
The most often used heat exchangers in the aviation sector are plate-fin and flat tube types. For applications in aviation, both are essential. However, because of their exceptional efficiency, lightweight design, and compact size, plate-fin heat exchangers were widely used in the aviation sector. These exchangers have been used extensively worldwide for several years.
| Report Attribute | Detail |
|---|---|
| Aircraft Heat Exchanger Market Size (2024E) | US$ 1.67 Billion |
| Forecasted Market Value (2034F) | US$ 4.14 Billion |
| Global Market Growth Rate (2024 to 2034) | 9.5% CAGR |
| East Asia Market Value (2034F) | US$ 1.07 Billion |
| North America Market Share (2034F) | 19.2% |
| Flat Tubes Segment Value (2034F) | US$ 2.39 Billion |
| United States Market Value (2034F) | US$ 572.5 Million |
| Key Companies Profiled | Liebherr-International; Triumph Group; Jamco; Aavid Thermalloy; Wall Colmonoy; Ametek; Honeywell International; Lytron; Meggitt; United Technologies; Woodward; TAT Technologies. |
Aircraft heat exchangers are devices, which are used in cooling and heating applications in aircraft cabin and engine compartments. Aircraft heat exchangers are finding various applications in all types of aircraft, as they have exceptional heating and cooling properties.
Aircraft heat exchangers are used to transfer heat and energy from one medium to another for the purpose of cooling as well as heating. The increasing demand for effective cooling and heating in commercial aircraft is estimated to fuel the demand for aircraft heat exchangers over the forthcoming years
Aircraft heat exchangers also have the features to maintain air quality and humidity, further enhancing customer comfort. These aircraft heat exchangers are individually installed for engine requirements, cabin cooling, or heating requirements.
Clearly, the cost and performance of the engine aircraft heat exchangers are comparatively higher than the environmental control aircraft heat exchangers in the global market. The growing demand for comfort through HVAC in passenger aircraft is estimated to crucial factor behind the positive aircraft heat exchanger industry outlook.
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Market Dynamics
An aircraft is an expensive commodity requiring millions of dollars to manufacture and maintain. Most small airline carriers lease aircraft from major players to avoid the high capital investment. Most aircraft in the fleet of regional carriers are leased aircraft. Airline carrier companies that lease aircraft, usually renovate the entire aircraft before putting it into operation. The entire aircraft cabin is renovated according to the needs of airline carriers and customer demands. This is driving the growth of the aftermarket sales segment in the aircraft heat exchanger market.
According to the aircraft heat exchanger industry analysis, long-haul flights or long distance non-stop air travel of over 7 hours of flight time has grown considerably over the last few years due to an increase in the traveling range of an aircraft, shorter travel times, and fewer transit complications. Long-haul flights cause discomfort to passengers, such as restlessness, fatigue, and jet lag.
Airline carriers are focused on improving passenger comfort, which is increasing the adoption of comfortable, highly customized, and advanced aircraft heat exchangers to replace conventional systems. The practice of fitting more efficient and operational aircraft heat exchangers in long-haul flights is a factor driving the growth of the global aircraft heat exchanger market.
Increasing consumer eagerness for air travel is estimated to drive the aircraft sector, which in turn, will propel the demand for aircraft heat exchangers in the global market over the forecast period. This is estimated to boost the supply of HVAC devices, such as aircraft heat exchangers in the global market. The global aircraft industry is estimated to grow dynamically in the next decade. China, the United States, EU-5, and India are major contributors to the aircraft industry.
Regional Outlook
The aircraft heat exchanger market is expected to rise in the forecast period as the demand for order books for various commercial aircraft is increasing at a good pace.
Additionally, most of the aircraft that have been in operation for longer periods of time are estimated to be replaced with new fleets, hence, creating lucrative opportunities for aircraft heat exchangers over the forecast period. The regions, such as South Asia, GCC, North America, etc. where the air passenger traffic has increased substantially are estimated to contribute significantly to the global market over the forecast period.
The growth of emerging markets, such as Mexico, Russia, Israel, India, China, and ASEAN countries among others is estimated to play a significant role over the forthcoming years in the market. Furthermore, the increasing attractiveness of global consumers for air travel owing to factors, such as comfort, less time, quick response, etc. is further estimated to boost the sales of components, such as aircraft heat exchangers in the global market.
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Key Participants
Examples of some of the market participants in the global aircraft heat exchanger market identified across the value chain include :
- Liebherr-International
- Triumph Group
- Jamco
- Aavid Thermalloy
- Wall Colmonoy
- Ametek
- Honeywell International
- Lytron
- Meggitt
- United Technologies
- Woodward
- TAT Technologies
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically-supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments, such as geographies, applications, and industries.
The report covers exhaustive analysis on :
- Market Segments
- Market Dynamics
- Market Size
- Installed Base
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Competitive landscape highlights only certain players
Complete list available upon request
Report Highlights :
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Segmentation of Aircraft Heat Exchanger Market Research
-
By Product Type :
- Flat Tubes
- Plate Fins
-
By Aircraft Type :
- Fixed-Wing Aircraft
- Rotary-Wing Aircraft
- Unmanned Aerial Vehicles
-
By Application :
- Engine Systems
- Cabin Control
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Product Type
- 6.2. Application
- 6.3. Aircraft Type
- 7. Global Market Analysis and Forecast, By Product Type
- 7.1. Flat Tube
- 7.2. Plate Fin
- 8. Global Market Analysis and Forecast, By Application
- 8.1. Engine System
- 8.2. Cabin Control
- 9. Global Market Analysis and Forecast, By Aircraft Type
- 9.1. Fixed-wing Aircraft
- 9.2. Rotary-wing Aircraft
- 9.3. Unmanned Aerial Vehicles (UAVs)
- 10. Global Market Analysis and Forecast, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Western Europe
- 10.4. Eastern Europe
- 10.5. Asia Pacific
- 10.6. East Asia
- 10.7. MEA
- 11. North America Sales Analysis and Forecast, by Key Segments and Countries
- 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 15. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 16. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 17. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 18. Sales Forecast by Product Type, Application, and Aircraft Type for 30 Countries
- 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 20. Company Profile
- 20.1. Liebherr-International
- 20.2. Triumph Group
- 20.3. Jamco
- 20.4. Aavid Thermalloy
- 20.5. Wall Colmonoy
- 20.6. Ametek
- 20.7. Honeywell International
- 20.8. Lytron
- 20.9. Meggitt
- 20.10. US$ Mned Technologies
- 20.11. Woodward
- 20.12. TAT Technologies
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List Of Table
Table 01: Global Market US$ Mn Forecast by Region
Table 02: Global Market US$ Mn Forecast by Product Type
Table 03: Global Market US$ Mn Forecast by Application
Table 04: Global Market US$ Mn Forecast by Aircraft Type
Table 05: North America Market US$ Mn Forecast by Country
Table 06: North America Market US$ Mn Forecast by Product Type
Table 07: North America Market US$ Mn Forecast by Application
Table 08: North America Market US$ Mn Forecast by Aircraft Type
Table 09: Latin America Market US$ Mn Forecast by Country
Table 10: Latin America Market US$ Mn Forecast by Product Type
Table 11: Latin America Market US$ Mn Forecast by Application
Table 12: Latin America Market US$ Mn Forecast by Aircraft Type
Table 13: Western Europe Market US$ Mn Forecast by Country
Table 14: Western Europe Market US$ Mn Forecast by Product Type
Table 15: Western Europe Market US$ Mn Forecast by Application
Table 16: Western Europe Market US$ Mn Forecast by Aircraft Type
Table 17: Eastern Europe Market US$ Mn Forecast by Country
Table 18: Eastern Europe Market US$ Mn Forecast by Product Type
Table 19: Eastern Europe Market US$ Mn Forecast by Application
Table 20: Eastern Europe Market US$ Mn Forecast by Aircraft Type
Table 21: Asia Pacific Market US$ Mn Forecast by Country
Table 22: Asia Pacific Market US$ Mn Forecast by Product Type
Table 23: Asia Pacific Market US$ Mn Forecast by Application
Table 24: Asia Pacific Market US$ Mn Forecast by Aircraft Type
Table 25: East Asia Market US$ Mn Forecast by Country
Table 26: East Asia Market US$ Mn Forecast by Product Type
Table 27: East Asia Market US$ Mn Forecast by Application
Table 28: East Asia Market US$ Mn Forecast by Aircraft Type
Table 29: MEA Market US$ Mn Forecast by Country
Table 30: MEA Market US$ Mn Forecast by Product Type
Table 31: MEA Market US$ Mn Forecast by Application
Table 32: MEA Market US$ Mn Forecast by Aircraft Type
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Insights on import/export production,
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List Of Figures
Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 03: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Aircraft Type
Figure 04: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 05: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 06: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 07: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Aircraft Type
Figure 08: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 09: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 10: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Aircraft Type
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 14: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 15: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Aircraft Type
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 17: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 18: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 19: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Aircraft Type
Figure 20: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 22: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 23: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Aircraft Type
Figure 24: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 25: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 26: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 27: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Aircraft Type
Figure 28: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 29: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 30: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 31: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Aircraft Type
Figure 32: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How is the aircraft heat exchanger market projected to grow during the forecast period?
The aircraft heat exchanger industry is estimated to expand at a CAGR of 9.5% during the forecast period.
Why aircraft heat exchanger market have high growth potential?
Surge in global aircraft fleet size is the key driver for surging aircraft heat exchangers demand.
Where will manufacturers find most opportunities in the aircraft heat exchangers industry?
Asia Pacific is evaluated to be the most lucrative region for the growth of aircraft heat exchangers industry.
Aircraft Heat Exchanger Market