Report Id: SNS/A&D/1293 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Aircraft Heat Exchanger Market was valued at USD 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.
Rising investments toward up-gradation
Rising investment in enhancing aviation
Heat exchanger fouling
Anti-de-icing and Rain dispersion
THE IMPACT OF COVID-19
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.
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.
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.
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.
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.
MARKET KEY PLAYERS:
Lytron, Meggitt, TAT Technologies, Triumph Group, United Technologies, Wall Colmonoy, Boyd Corporation, Eaton, Honeywell International, Jamco, Liebherr-International, Woodward, Aavid Thermalloy, Airmark Components, Ametek.
KEY MARKET SEGMENTATION:
Environmental Control System
Electronic Pod Cooling
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|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|
|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 (FAQ) :
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Aircraft Heat Exchanger Market, by Type
8.2 Flat Tube
9. Aircraft Heat Exchanger Market, by Vendor
10. Aircraft Heat Exchanger Market, by Application
10.1 Environmental Control System
10.2 Engine System
10.3 Electronic Pod Cooling
11. Aircraft Heat Exchanger Market, by Platform
11.1 Fixed-Wing Aircraft
11.2 Rotary-Wing Aircraft
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13.1 Lytron, Meggitt
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
13.8 Honeywell International
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share analysis
14.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
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.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
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.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.