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Global Aircraft Heat Exchanger Market by Type (Flat Tube Heat Exchangers, Heat Pipe Heat Exchanger, Plate-Fin Heat Exchangers), Aircraft Type (Fixed-Wing, Rotary Wing), Application, Distribution Channel, End-User - Forecast 2023-2030

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  • 181 Pages
  • March 2024
  • Region: Global
  • 360iResearch™
  • ID: 5437782
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The Aircraft Heat Exchanger Market size was estimated at USD 1.73 billion in 2022, USD 1.87 billion in 2023, and is expected to grow at a CAGR of 9.87% to reach USD 3.67 billion by 2030.

Heat exchangers are used in the aerospace industry for cooling and heating purposes. Aircraft heat exchangers play a fundamental role in reducing fuel temperature and increasing the efficiency of aircraft engines. They experience arduous and extreme working conditions during their operation and require high mechanical integrity and endurance. Heat exchangers are frequently employed to cool rammed air, along with auxiliary power units, gearboxes, hydraulics, and various other parts of an aircraft. Over the years, there has been increased spending on aircraft production as they are increasingly required for civil and commercial activities. In addition, commercial UAVs are gaining popularity with immense government support for their utilization across industries. This increased use of aircraft and drones has accelerated the need for a diverse range of heat exchangers that match the requirements of the aircraft. However, the technical limitations associated with operations and strict design standards have impeded the heat exchanger production activities. Market players are focused on offering customized heat exchangers that ensure the industries’ specifications while catering to the international and national standards of the product to achieve improved commercialization. 3D-printed aircraft heat exchangers are highly adopted as they are designed based on the specific needs of fixed-wing or rotary aircraft.

Regional Insights

The aircraft heat exchanger market in the Americas portrays an advanced market driven by the presence of players with a trusted product portfolio and a wide regional network. The U.S. and Canada have witnessed accelerated growth in military and civil aircraft spending in the past few years, driven by government investments and the rise of international travel, respectively, presenting the need for advanced heat exchangers. The European players in the market are well-established, with multiple types of heat exchangers in their R&D pipeline. France, Germany, the UK, Spain, and Italy are some of the major producers and exporters of aircraft in the region. The Asia-Pacific has grown to be a major aluminum, carbon steel, copper, nickel, and foam distributor to the European and the U.S. market players for the production of heat exchangers. The region observes a huge potential for the aftermarket of heat exchangers, with significant upgradation of the aircraft to meet the increase in demand from domestic and international travel and cargo shipping.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Aircraft Heat Exchanger Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Aircraft Heat Exchanger Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Aircraft Heat Exchanger Market, highlighting leading vendors and their innovative profiles. These include 3D Systems, Inc., AERO-Classics, Inc., AKG Group, American Manufacturing & Engineering Co., AMETEK, Inc., Aviatron Inc., Bharat Heavy Electricals Limited, Boyd Corporation, Conflux Technology Pty Ltd., Eaton Corporation PLC, ERG Aerospace Corporation, Essex Industries, Inc., General Electric Company, General System Engineering Sdn Bhd, Honeywell International Inc., Intergalactic, Jamco Corporation, Liebherr-International Deutschland GmbH, Mezzo Technologies Inc., MSM Aerospace Fabricators Ltd., Pacific Oil Cooler Service, Inc., Parfuse Corporation, Parker-Hannifin Corporation, Precision Micro Limited, Raytheon Technologies Corporation, RJM Heat Exchanger Inc., Safran S.A., Skyline Accessories, LLC, Sumitomo Precision Products Co., Ltd., TAT Technologies Ltd., Triumph Group, Inc., TURBOTECH SAS, Wall Colmonoy Group, and Woodward, Inc.

Market Segmentation & Coverage

This research report categorizes the Aircraft Heat Exchanger Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Type
    • Flat Tube Heat Exchangers
    • Heat Pipe Heat Exchanger
    • Plate-Fin Heat Exchangers
    • Printed Circuit Heat Exchangers
  • Aircraft Type
    • Fixed-Wing
    • Rotary Wing
  • Application
    • Electronic Pod Cooling
    • Engine System
    • Environment Control System
    • Hydraulic System
  • Distribution Channel
    • Aftermarket
    • Original Equipment Manufacturer
  • End-User
    • Civil Aviation
    • Commercial Aviation
    • Military Aviation
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

  1. What is the market size and forecast of the Aircraft Heat Exchanger Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Aircraft Heat Exchanger Market?
  3. What are the technology trends and regulatory frameworks in the Aircraft Heat Exchanger Market?
  4. What is the market share of the leading vendors in the Aircraft Heat Exchanger Market?
  5. Which modes and strategic moves are suitable for entering the Aircraft Heat Exchanger Market?

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Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Aircraft Heat Exchanger Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Growth in commercial and civil aviation coupled with adoption of UAVs
5.1.1.2. Rising demand for fighter jets with enhanced efficiency coupled with increased military spending
5.1.2. Restraints
5.1.2.1. Fluctuating raw material costs and high cost of maintenance of aircraft heat exchangers
5.1.3. Opportunities
5.1.3.1. Technological advancements and collaborations to develop enhanced heat exchangers for aircraft
5.1.3.2. Introduction of additive manufacturing for improved design of heat exchangers
5.1.4. Challenges
5.1.4.1. Operational and technical limitations of aircraft heat exchangers
5.2. Market Segmentation Analysis
5.2.1. Type: Increased demand for high-efficient and compact printed circuit heat exchangers heat exchangers
5.2.2. Aircraft Type: Higher deployments in fixed-wing aircraft to ensure engine efficiency
5.2.3. Application: Growing adoption of an environment control system for clean in-flight air supply
5.2.4. Distribution Channel: Increased demand for reliable original equipment manufacturers aircraft heat exchanger
5.2.5. End-User: Increasing utilization in commercial aviation to maintain safety compliances
5.3. Market Trend Analysis
5.3.1. Strict regulatory compliance coupled with growing need for fuel-efficient aircraft in the Americas
5.3.2. Expanding commercial aerospace activities and rising use of additive technologies in aircraft heat exchanger manufacturing across APAC region
5.3.3. Rising military budgets and expanding tourism industry increase the demand for aircraft heat exchangers in EMEA region
5.4. Cumulative Impact of COVID-19
5.5. Cumulative Impact of Russia-Ukraine Conflict
5.6. Cumulative Impact of High Inflation
5.7. Porter’s Five Forces Analysis
5.7.1. Threat of New Entrants
5.7.2. Threat of Substitutes
5.7.3. Bargaining Power of Customers
5.7.4. Bargaining Power of Suppliers
5.7.5. Industry Rivalry
5.8. Value Chain & Critical Path Analysis
5.9. Regulatory Framework
6. Aircraft Heat Exchanger Market, by Type
6.1. Introduction
6.2. Flat Tube Heat Exchangers
6.3. Heat Pipe Heat Exchanger
6.4. Plate-Fin Heat Exchangers
6.5. Printed Circuit Heat Exchangers
7. Aircraft Heat Exchanger Market, by Aircraft Type
7.1. Introduction
7.2. Fixed-Wing
7.3. Rotary Wing
8. Aircraft Heat Exchanger Market, by Application
8.1. Introduction
8.2. Electronic Pod Cooling
8.3. Engine System
8.4. Environment Control System
8.5. Hydraulic System
9. Aircraft Heat Exchanger Market, by Distribution Channel
9.1. Introduction
9.2. Aftermarket
9.3. Original Equipment Manufacturer
10. Aircraft Heat Exchanger Market, by End-User
10.1. Introduction
10.2. Civil Aviation
10.3. Commercial Aviation
10.4. Military Aviation
11. Americas Aircraft Heat Exchanger Market
11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States
12. Asia-Pacific Aircraft Heat Exchanger Market
12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam
13. Europe, Middle East & Africa Aircraft Heat Exchanger Market
13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom
14. Competitive Landscape
14.1. FPNV Positioning Matrix
14.2. Market Share Analysis, By Key Player
14.3. Competitive Scenario Analysis, By Key Player
14.3.1. Merger & Acquisition
14.3.1.1. Arcline Investment Management Forms Signia Aerospace and Announces Acquisition of Mezzo Technologies, Inc.
14.3.2. Agreement, Collaboration, & Partnership
14.3.2.1. Safran unveils HIPEX, its new heat exchanger for aircraft engines
14.3.2.2. German-Australian Partnership to Develop Aerospace Heat Exchangers
14.3.2.3. Contract Expansion with Collins Aerospace for MRO services for Boeing 777 Thermal Components
14.3.2.4. GA-ASI and Conflux to Develop New FOHE for the MQ-9B Aircraft
14.3.2.5. BHEL Bags Order To Supply Compact Heat Exchanger Sets For Tejas Aircraft
14.3.3. New Product Launch & Enhancement
14.3.3.1. METEK MRO AEM introduces new heat exchanger repair capabilities
14.3.3.2. Clean Aviation SWITCH Project to Advance Hybrid-Electric and Water Enhanced Turbofan Technologies
14.3.3.3. Honeywell, Reaction Engines to Collaborate on Sustainable Thermal Management Technologies
14.3.4. Investment & Funding
14.3.4.1. GE Aviation: TIDCO & GE to establish Centre of Excellence for Aviation Research in Tamil Nadu
14.3.5. Award, Recognition, & Expansion
14.3.5.1. Air Force Orders Remanufacture of Regenerative Heat Exchangers
14.3.5.2. Intergalactic Receives Patent for Microtube Heat Exchanger Technology
14.3.5.3. Collins Aerospace expands MRO capacity in China and Malaysia
15. Competitive Portfolio
15.1. Key Company Profiles
15.1.1. 3D Systems, Inc.
15.1.2. AERO-Classics, Inc.
15.1.3. AKG Group
15.1.4. American Manufacturing & Engineering Co.
15.1.5. AMETEK, Inc.
15.1.6. Aviatron Inc.
15.1.7. Bharat Heavy Electricals Limited
15.1.8. Boyd Corporation
15.1.9. Conflux Technology Pty Ltd.
15.1.10. Eaton Corporation PLC
15.1.11. ERG Aerospace Corporation
15.1.12. Essex Industries, Inc.
15.1.13. General Electric Company
15.1.14. General System Engineering Sdn Bhd
15.1.15. Honeywell International Inc.
15.1.16. Intergalactic
15.1.17. Jamco Corporation
15.1.18. Liebherr-International Deutschland GmbH
15.1.19. Mezzo Technologies Inc.
15.1.20. MSM Aerospace Fabricators Ltd.
15.1.21. Pacific Oil Cooler Service, Inc.
15.1.22. Parfuse Corporation
15.1.23. Parker-Hannifin Corporation
15.1.24. Precision Micro Limited
15.1.25. Raytheon Technologies Corporation
15.1.26. RJM Heat Exchanger Inc.
15.1.27. Safran S.A.
15.1.28. Skyline Accessories, LLC
15.1.29. Sumitomo Precision Products Co., Ltd.
15.1.30. TAT Technologies Ltd.
15.1.31. Triumph Group, Inc.
15.1.32. TURBOTECH SAS
15.1.33. Wall Colmonoy Group
15.1.34. Woodward, Inc.
15.2. Key Product Portfolio
16. Appendix
16.1. Discussion Guide
16.2. License & Pricing
List of Figures
FIGURE 1. AIRCRAFT HEAT EXCHANGER MARKET RESEARCH PROCESS
FIGURE 2. AIRCRAFT HEAT EXCHANGER MARKET SIZE, 2022 VS 2030
FIGURE 3. AIRCRAFT HEAT EXCHANGER MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. AIRCRAFT HEAT EXCHANGER MARKET SIZE, BY REGION, 2022 VS 2030 (%)
FIGURE 5. AIRCRAFT HEAT EXCHANGER MARKET SIZE, BY REGION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 6. AIRCRAFT HEAT EXCHANGER MARKET DYNAMICS
FIGURE 7. AIRCRAFT HEAT EXCHANGER MARKET SIZE, BY TYPE, 2022 VS 2030 (%)
FIGURE 8. AIRCRAFT HEAT EXCHANGER MARKET SIZE, BY TYPE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 9. AIRCRAFT HEAT EXCHANGER MARKET SIZE, BY AIRCRAFT TYPE, 2022 VS 2030 (%)
FIGURE 10. AIRCRAFT HEAT EXCHANGER MARKET SIZE, BY AIRCRAFT TYPE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 11. AIRCRAFT HEAT EXCHANGER MARKET SIZE, BY APPLICATION, 2022 VS 2030 (%)
FIGURE 12. AIRCRAFT HEAT EXCHANGER MARKET SIZE, BY APPLICATION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 13. AIRCRAFT HEAT EXCHANGER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2022 VS 2030 (%)
FIGURE 14. AIRCRAFT HEAT EXCHANGER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 15. AIRCRAFT HEAT EXCHANGER MARKET SIZE, BY END-USER, 2022 VS 2030 (%)
FIGURE 16. AIRCRAFT HEAT EXCHANGER MARKET SIZE, BY END-USER, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 17. AMERICAS AIRCRAFT HEAT EXCHANGER MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 18. AMERICAS AIRCRAFT HEAT EXCHANGER MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 19. UNITED STATES AIRCRAFT HEAT EXCHANGER MARKET SIZE, BY STATE, 2022 VS 2030 (%)
FIGURE 20. UNITED STATES AIRCRAFT HEAT EXCHANGER MARKET SIZE, BY STATE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 21. ASIA-PACIFIC AIRCRAFT HEAT EXCHANGER MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 22. ASIA-PACIFIC AIRCRAFT HEAT EXCHANGER MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 23. EUROPE, MIDDLE EAST & AFRICA AIRCRAFT HEAT EXCHANGER MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 24. EUROPE, MIDDLE EAST & AFRICA AIRCRAFT HEAT EXCHANGER MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 25. AIRCRAFT HEAT EXCHANGER MARKET, FPNV POSITIONING MATRIX, 2022
FIGURE 26. AIRCRAFT HEAT EXCHANGER MARKET SHARE, BY KEY PLAYER, 2022

Companies Mentioned

  • 3D Systems, Inc.
  • AERO-Classics, Inc.
  • AKG Group
  • American Manufacturing & Engineering Co.
  • AMETEK, Inc.
  • Aviatron Inc.
  • Bharat Heavy Electricals Limited
  • Boyd Corporation
  • Conflux Technology Pty Ltd.
  • Eaton Corporation PLC
  • ERG Aerospace Corporation
  • Essex Industries, Inc.
  • General Electric Company
  • General System Engineering Sdn Bhd
  • Honeywell International Inc.
  • Intergalactic
  • Jamco Corporation
  • Liebherr-International Deutschland GmbH
  • Mezzo Technologies Inc.
  • MSM Aerospace Fabricators Ltd.
  • Pacific Oil Cooler Service, Inc.
  • Parfuse Corporation
  • Parker-Hannifin Corporation
  • Precision Micro Limited
  • Raytheon Technologies Corporation
  • RJM Heat Exchanger Inc.
  • Safran S.A.
  • Skyline Accessories, LLC
  • Sumitomo Precision Products Co., Ltd.
  • TAT Technologies Ltd.
  • Triumph Group, Inc.
  • TURBOTECH SAS
  • Wall Colmonoy Group
  • Woodward, Inc.

Methodology

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