Aircraft Heat Exchanger Market Report Scope & Overview:

The Aircraft Heat Exchanger Market was valued at US$ 1.64 billion in 2022 and is expected to reach USD 3.39 billion by 2030 and grow at a CAGR of 9.5% over the forecast period 2023-2030.

The increasing fleet of commercial and combat aircrafts, as well as military spending by various countries, are driving the expansion of the aircraft heat exchanger market. Heat exchangers are vital components in mission-critical aviation and other aerospace applications. They are critical to the optimal performance of jet engines, the proper operation of aircraft electronics, and the capacity of a satellite to execute a variety of tasks without overheating. Rising energy consumption in the petrochemical, oil and gas, and power industries, as well as increased investments in upgrading existing aviation, space, and energy infrastructure, has spurred the demand for heat transfer equipment.

Aircraft Heat Exchanger Market Revenue Analysis

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  • Rising investments toward up-gradation

  • Parts replacement




COVID-19 is an unprecedented public health crisis that has affected almost every business, and the long-term impact is expected to have an impact on industry growth during forecasting. The study provides information on COVID-19 by considering changes in consumer behavior and demand, purchasing patterns, supply chain reorganization, modern market forces, and major government initiatives. The revised study contains data analysis, estimates, and predictions based on the COVID-19 market impact.

Manufacturers of aircraft heat exchangers are forced to suspend production due to a government-imposed suspension to monitor the distribution of COVID-19 worldwide. Aircraft manufacturers are facing operational problems due to supply disruptions caused by transport restrictions following the collapse of COVID-19. Aircraft maintenance, repair, and repair services are being damaged due to a shortage of immature materials and essential components as a result of government efforts to combat COVID-19. The R&D of heat exchangers on aircraft, especially for military purposes, has stalled due to staff shortages caused by government-imposed closures during COVID-19.

by Type

There are primarily two types of heat exchangers used in aircraft based on design: plate and fin and flat tube. Flat tube aircraft heat exchangers are predicted to have a higher CAGR during the forecast period than plate and fin aircraft heat exchangers. In addition, a flat tube heat exchanger would power the replacement or aftermarket.

by Vendor

The aviation heat exchanger market has been divided into OEM and aftermarket segments. Maintenance, repair, upgrading, and replacement of aviation heat exchanger components and systems are all part of the aftermarket industry. Due to significant spending on improved avionics systems and replacement of overused thermal management components and systems, the aftermarket vendor sub-segment is likely to lead the aviation heat exchanger market. However, increased aircraft deliveries and domestic aircraft manufacturing will drive the expansion of the OEM segment.

by Application

The electronic pod cooling segment generated significant revenue in 2022 and is expected to rise in prominence during the forecast period. Heat exchangers, which are installed inside the gasoline tank, are used to reduce the temperature of hydraulic fluid. Electronic Pod cooling refers to the cooling of electronic devices such as IC packages, chips, and a variety of other hermetically packaged devices. With increased automation demand, more electronics packages must be packed in smaller and tighter spaces, which is expected to drive up demand for electronic pod cooling during the forecast period.

by Platform

The aircraft heat exchanger market is divided into rotary-wing aircraft, fixed-wing aircraft,  and UAV’s. Aircraft heat exchangers vary in application and configuration among aircraft types. They are further divided into narrow-body aircraft, broad body aircraft, very large body aircraft, and business jets. Rising demand for narrow-body commercial aircrafts and increased connectivity across regions are factors positively impacting the aircraft heat exchanger market in this area.


The Competition Strategic Window investigates the competitive landscape in terms of markets, applications, and geographies to help suppliers define an alignment or fit between their capabilities and future growth prospects. It describes the greatest or most advantageous fit for vendors to pursue successive merger and acquisition tactics, regional expansion, R&D, and new product launch methods in order to execute future business expansion and growth throughout a projected time period.


By Type

  • Plate-Fin

  • Flat Tube

By Vendor

  • OEM

  • Aftermarket

By Application

  • Environmental Control System

  • Engine System

  • Electronic Pod Cooling

  • Hydraulics

By Platform

  • Fixed-Wing Aircraft

  • Rotary-Wing Aircraft

  • UAV

Aircraft Heat Exchanger Market Segmentation Analysis

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Asia Pacific is one of the few emerging markets heat exchangers in terms of research and development activities, shipping, and the presence of some of the key market players. The major countries under this region are Japan, India and China. Drivers of Japan's aerospace heat exchange market include the need to improve Japan Self-Defense Forces, including the Japan Air Self-Defense Force, Japan Ground Self-Defense Force, and the escalation. the need for a better heat management system for commercial aircraft. A growing government focus on military and defense will improve the market in India. China is one of the fastest growing economies in the world. The country is expected to increase its military spending on aviation systems, including aircraft heat exchangers, as well as modern military equipment to stay technologically advanced in the defense sector. Domestic airlines in China are increasingly involved in contracts with aftermarket service providers to improve the performance of their aircraft. Also, features such as cheap and highly skilled workers in the aircraft heat exchangers are expanding the market in the Asia Pacific region.


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America


The Major Players are Lytron, Meggitt, TAT Technologies, Triumph Group, United Technologies, Wall Colmonoy, Boyd Corporation, Eaton, Honeywell International, Jamco, Liebherr-International, Woodward, Aavid Thermalloy, Airmark Components, Ametek & Other Players.

Triumph Group-Company Financial Analysis

Aircraft Heat Exchanger Market Report Scope:

Report Attributes Details
Market Size in 2022 US$ 1.64 Billion
Market Size by 2030 US$ 3.39 Billion
CAGR CAGR of 9.5% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Plate-Fin, Flat Tube)
• By Vendor (OEM, Aftermarket)
• By Application (Environmental Control System and Engine System, Electronic Pod Cooling, Hydraulics)
• By Platform (Fixed-Wing Aircraft, Rotary-Wing Aircraft, and UAVS)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Lytron, Meggitt, TAT Technologies, Triumph Group, United Technologies, Wall Colmonoy, Boyd Corporation, Eaton, Honeywell International, Jamco, Liebherr-International, Woodward, Aavid Thermalloy, Airmark Components, Ametek.
DRIVERS • Rising investments toward up-gradation
• Parts replacement
OPPORTUNITIES • Additive manufacturing
• Rising investment in enhancing aviation

Frequently Asked Questions

Ans: The Aircraft Heat Exchanger Market is to grow at a CAGR grow at a CAGR of 9.5% Over the Forecast Period 2023-2030.

Ans: The Aircraft Heat Exchanger Market size was valued at US$ 1.64 billion in 2022.

The key players of the Aircraft Heat Exchanger Market are Lytron, Meggitt, TAT Technologies, Triumph Group, United Technologies, Wall Colmonoy, Boyd Corporation, Eaton, Honeywell International, Jamco, Liebherr-International, Woodward, Aavid Thermalloy, Airmark Components, and Ametek.

The Covid-19 pandemic impacted the Aircraft Heat Exchanger Market significantly. The detailed analysis is included in the final report.

Asia-pacific region dominated the Aircraft Heat Exchanger Market.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8. Aircraft Heat Exchanger Market, by Type

8.1 Plate-Fin

8.2 Flat Tube

9. Aircraft Heat Exchanger Market, by Vendor

9.1 OEM

9.2 Aftermarket

10. Aircraft Heat Exchanger Market, by Application

10.1 Environmental Control System

10.2 Engine System

10.3 Electronic Pod Cooling

10.4 Hydraulics

11. Aircraft Heat Exchanger Market, by Platform

11.1 Fixed-Wing Aircraft

11.2 Rotary-Wing Aircraft

11.3 UAVS

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2    Canada

12.2.3    Mexico

12.3        Europe

12.3.1    Germany

12.3.2    UK

12.3.3    France

12.3.4    Italy

12.3.5    Spain

12.3.6    The Netherlands

12.3.7    Rest of Europe

12.4        Asia-Pacific

12.4.1    Japan

12.4.2    South Korea

12.4.3    China

12.4.4    India

12.4.5    Australia

12.4.6    Rest of Asia-Pacific

12.5        The Middle East & Africa

12.5.1    Israel

12.5.2    UAE

12.5.3    South Africa

12.5.4    Rest

12.6        Latin America

12.6.1    Brazil

12.6.2    Argentina

12.6.3    Rest of Latin America

13. Company Profiles

13.1 Lytron, Meggitt

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 TAT Technologies

13.3 Triumph Group

13.4 United Technologies

13.5 Wall Colmonoy

13.6 Boyd Corporation

13.7 Eaton

13.8 Honeywell International

13.9 Jamco

13.10 Liebherr-International

14. Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share analysis

14.3 Recent Developments

15. Conclusion

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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